Starting December 1, China will ease visa restrictions for Shenzhen residents traveling to Hong Kong, allowing multiple entries per year.
The new policy, reported by Xinhua will grant Shenzhen residents the ability to stay in Hong Kong for up to seven days per visit, with the multiple-entry visas valid for one year.
This move reinstates a policy that was in place until 2015, when China imposed tighter restrictions, limiting Shenzhen residents to one trip per week to Hong Kong. The previous restrictions were introduced to address concerns over traders repeatedly crossing the border to exploit lower taxes in Hong Kong by reselling goods in mainland China.
Hong Kong is hopeful that the return to the more flexible entry policy will benefit sectors such as retail and hospitality, which rely heavily on mainland visitors. Hong Kong leader John Lee recently proposed further measures to attract mainland tourists as part of efforts to revitalize the city’s economy.
In a related move, China has also eased visa rules for Zhuhai residents, allowing them to visit Macao once a week for stays of up to seven days, effective January 1. Previously, Zhuhai residents could only visit Macao once every two months.
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Harvard University’s endowment is in advanced talks to sell about $1 billion in private equity fund interests, a source familiar with the matter told Reuters on Thursday.
President Donald Trump said on Thursday that trade talks with China are underway, pushing back against Beijing’s claim that no consultations have occurred.
South Korea’s data protection authority said Thursday that Chinese AI startup DeepSeek transferred user information and prompt content abroad without user consent during its initial launch in the country.
The United States is preparing to offer over $100 billion in arms sales to Saudi Arabia, according to six sources familiar with the matter. The package is expected to be announced during President Donald Trump’s visit to the kingdom in May.
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Harvard University’s endowment is in advanced talks to sell about $1 billion in private equity fund interests, a source familiar with the matter told Reuters on Thursday.
China, Russia and Iran held a joint meeting with the International Atomic Energy Agency (IAEA) on Thursday, focusing on Iran’s nuclear programme.
President Donald Trump said on Thursday that trade talks with China are underway, pushing back against Beijing’s claim that no consultations have occurred.
South Korea’s data protection authority said Thursday that Chinese AI startup DeepSeek transferred user information and prompt content abroad without user consent during its initial launch in the country.
The United States is preparing to offer over $100 billion in arms sales to Saudi Arabia, according to six sources familiar with the matter. The package is expected to be announced during President Donald Trump’s visit to the kingdom in May.
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