Scapegoats or scoundrels? SCMP takes a closer look at the political weight of Hong Kong’s property oligarchs and notes that they have been shedding pounds ever since President Xi Jinping came to power. Read more.
No force necessary: An online opinion poll claims that most Hongkongers would rather see the police force disbanded than merely held accountable for recent alleged violent acts. Read more.
Alibaba preps for IPO: Alibaba has bought out a direct one-third stake in its finance subsidiary, Ant Financial, which analysts see as a precursor to its next mega-listing. This IPO would give the battered HK Stock Exchange a major boost. Read more on Caixin.
CICC teams with Tencent: One of the country’s biggest asset managers has established a joint venture with Tencent to run an online wealth-management firm. Talk about a fintech disruption. Read more on Caixin (in Chinese).