Society & Politics
First-person shooter game leaves young Chinese players with heavy losses after the collapse of virtual trading market
- 2025-11-10
- Society
- The Young Reporter
- By: Lou Zhengzheng、Lan XinbeiEdited by: WANG Ludan
- 2025-11-10
A developer update to the first-person shooter video game Counter-Strike 2 triggered a collapse in its virtual trading market on Oct 22, wiping out almost US$2 billion in real money. Valve, the American video game developer of Counter-Strike 2, released an update that allowed players to more easily craft rare weapon skins in the game, causing a plunge in the value of skins that are purchased and traded with real-world money. Although the value rebounded in November, it remains below most buyers’ original purchase price. Skins are virtual cosmetic items that change the appearance of weapons without affecting the gameplay. They are categorized by color, ranging from basic white to the rarest gold. The price of gold skins dropped by approximately 30% to 40% on the international third-party game trading platform Buff Market, hitting players who had collected them as virtual investment commodities for future resale and rental. Previously, the gold skins could only be obtained either by unlocking in-game loot boxes containing randomized virtual items such as skins, gloves, and other weapons, or by trading with other players through third-party online marketplaces, including NetEase Buff and Youyou Youpin, which are both platforms that primarily serve Chinese players. John Liu, 20, a mainland Chinese student at Lingnan University in Hong Kong, said he purchased a rare “marble fade” butterfly knife skin for approximately 13,000 yuan (HK$14,201.54) on NetEase Buff because he anticipated later reselling it at a higher price for a profit. After the update, the “marble fade” Butterfly knife’s skin value fell to 5,999 yuan (HK$6,553). “I just gave up on selling after seeing the price hit its lowest point a couple of days ago,” he said. According to data from Buff Market, several virtual items in the game, such as gloves and knives, experienced a price recovery in …
Thousands march in Brisbane against mass immigration
- 2025-10-27
- Society
- The Young Reporter
- By: CHAU Wing YauEdited by: KURNIAWAN Trista Vania
- 2025-10-27
Around 2,000 protesters gathered in Brisbane’s central business district on Oct.19 to call for an end to mass immigration, which they believe is worsening Australia’s housing and cost-of-living crisis. Nearly 300 counterprotesters joined nearby, with banners calling the protest a racist and fascist movement. This is the second round of anti-immigration protests, also known as “March for Australia”, across the country. The first was held on Aug. 31 with thousands protesting in major cities, such as Sydney, Melbourne and Perth. In Brisbane, 6,000 protesters, out of a city of 2.5 million, joined the demonstrations. “Racism may intensify, and I feel concerned about my safety,” said Alice Wong, 28, a Hong Kong student in Melbourne planning to obtain permanent residency, who didn’t go to the protest for physical safety concerns. Wong said the protest promotes the idea of white superiority. “When they protest against immigration, it feels like they think immigrants are taking away their resources, like housing or job opportunities,” she said. Australia’s housing market is surging at its fastest pace in almost four years, with Brisbane becoming Australia’s second-most expensive housing market, according to the House Price Report in 2025. Kev, 72, an Australian who participated in the protest and preferred to keep his last name anonymous, said he has never seen a country in such a bad economic position. “We’ve never had so many people coming to the country so quickly, and the government has been no help,” he said. In September 2023, Australia’s net overseas migration peaked at 558,000 after lifting COVID-19 restrictions, according to the Australian Bureau of Statistics. Australia recorded a net overseas migration of 446,000 people in 2024, down from the previous year but still far from pre-pandemic numbers of 239,000 in 2020. Kev said he isn’t against immigrants, but he wants to see …
Super Typhoon Ragasa lands in China from the southeast, bringing new experiences to cities’ new arrivals
- 2025-09-25
- Society
- The Young Reporter
- By: Fu RongEdited by: WANG Ludan
- 2025-09-25
The Greater Bay area takes the heat of super Typhoon Ragasa, the most intense storm in 2025, as it sweeps across all the regions on Wednesday, prompting a No. 10 hurricane signal in Hong Kong. The ferocious wind and sudden rainfall bring an unprecedented experience for cities’ newcomers. After Typhoon Mangkhut in 2018, Ragasa is expected to be the strongest typhoon in Hong Kong’s history, according to the former observatory director Shun Chi-ming on Tuesday. According to the Hong Kong Observatory, Typhoon Ragasa sustained a maximum wind speed of 195 kilometres per hour, which makes it more intense than Super Typhoon Mangkhut in 2018, which recorded a maximum wind speed of 185 kilometres per hour. Chen Guowei, a 24-year-old physiotherapist born and raised in Yunnan Dehong, came to Shenzhen Dapeng New Area after graduating last year. “I have never seen a real typhoon before. It’s really crazy,” said Chen, living in the hotel next to the beach provided by his company. Prompted by the weather forecast and messages from families and corporations, he decided to move into the hotel inside Taikang Home Penguyaun, the elderly community he works in. “I don’t really have to work during the typhoon and can live in this expensive hotel, which costs about 500 yuan a night,” Chen said in the video interview. Dubsy Eli, a Nigerian international student at City University of Hong Kong, is also experiencing his first T10 typhoon. “It’s not my first typhoon, but it’s the biggest one. I bought so many fruits to survive,” Dubsy said in a video interview, waking up several times at night to check the weather outside his apartment in Prince Edward. “Back in my hometown, we only experienced heavy winds. But raining with big winds is so exciting for me,” said Dubsy. He is …
Policy Address 2025: Government provides sufficient focus on the needs of subdivided communities amid continued poverty concerns
- 2025-09-19
- Society
- The Young Reporter
- By: Chun Hei LUK、Wing Chi HOEdited by: CHAN Wing Yiu
- 2025-09-19
As the Chief Executive prepares to unveil the 2025 Policy Address, poverty reduction is in the spotlight, especially regarding Hong Kong’s subdivided flats. Concern for Grassroots' Livelihood Alliance emphasizes that the government has given little attention to the specific needs and wants of subdivided flat users. Our reporter Gigi Ho explores how proposed initiatives aim to support vulnerable communities. This address could be crucial in the fight against poverty, emphasizing the urgent need for effective policies to uplift marginalized citizens and improve their quality of life. (Sept 17, 2025) Reported By: Gigi Ho Wing-chi, Anson Luk Chun-hei Edited By: Yoyo Chan Wing-yiu
Policy Address 2025: Hong Kong to take further actions for land management in Northern Metropolis
- 2025-09-17
- Politics
- The Young Reporter
- By: CHEN Xiyun、CHEN ZiyuEdited by: CAO Jiawen
- 2025-09-17
A land use review over the Sha Po area, as part of the Northern Metropolis, a development priority proposed four years ago, will be established to discuss its development potential and the feasibility of constructing more private housing in the region, Chief Executive John Lee Ka-chiu said in his policy address on Wednesday. According to the Planning Department, Hong Kong will build 500,000 housing units in the coming decade in the Northern Metropolis for 2.5 million people. Mak Sui-choi, Associate Professor who researches finance and investment at Hong Kong Baptist University, said the Northern Metropolis may attract labour to the local industry. “The increase in Hong Kong's population is a good thing, driving the development of other local industries,” Mak said. “But the construction of the Northern Metropolis should first address the conflicting land status,” he added. According to the commissioned Farm Land Survey Report by the Chinese University of Hong Kong, most farmland in San Tin and Ngau Tam Mei has been rebranded as non-arable fields. “The first step for the government is to reacquire the land and adjust its current land status,” Mak said. “This is going to be a long and cumbersome process, but it is doable,” he added. Lee said the government will arrange three sites for the Urban Renewal Authority to build new housing in Kwu Tung North and Fanling North, areas that are part of the Northern Metropolis. While the Northern Metropolis area presented certain property development potential, a 28-year-old two-time mainland home buyer Cissy Chen opted for Kai Tak instead. “The Northern Metropolis is far away from Hong Kong Island as compared to Kai Tak, location is my main consideration when it comes to real estate investment," Chen said. She added that it would be long before infrastructures in the northern metropolis would …
Policy Address 2025: Hong Kong extends tax allowance for parents with newborns in its latest fertility push
- 2025-09-17
- The Young Reporter
- By: YANG Shuyi、Lou ZhengzhengEdited by: WANG Jing
- 2025-09-17
Hong Kong parents with newborns are set to get more tax allowance as the city strives to boost its birth rate. Currently, parents receive a HK$260,000 tax exemption in the baby’s first year, but this is going to be extended for another year, said Chief Executive John Lee Ka-chiu in 2025 Policy Address. Those with older children will continue to get HK$130,000 of their taxable income exempted. Hong Kong has been struggling with a declining birth rate, with the number of babies born dropping from 60,900 in 2016 to a low of 32,500 in 2022. In 2024, there was a slight improvement to 36,700 babies. A 36-year-old mother of a toddler from Kowloon welcomed the additional tax break. “As someone from the 80s generation, I really want to have children, this policy will help us to relieve some financial pressure,” said Ruby Tse, who is trying for a second child. Lawmaker Chan Wing-kwong, who specializes in medicine, said the allowances are a welcome addition for families trying for more children, but it would be an unlikely fertility boost for those who don’t. “The additional newborn allowance is merely a drop in the bucket when it comes to the cost of raising a child in Hong Kong,” said Lin Sen, who has been married for six years but has remained reluctant to have a baby. Lin said the intensifying competition for schools and jobs a child might face in the future deters him from giving birth. Lee also pledged more childcare resources for babies and schoolchildren. Chan said that although the direction of the current encouraging policies is right, a series of supporting measures must keep pace. The lawmaker called on the government to provide more measures for schools and job placements. “Only when the social environment can let people ‘live …
Policy Address 2025: Leveraging Kai Tak Sports Park to popularise sports in Hong Kong
- 2025-09-17
- Health & Environment
- The Young Reporter
- By: Fu RongEdited by: AU YEUNG Jim
- 2025-09-17
John Lee Ka-chiu said in this year’s Policy Address that the government will support elite sports and leverage Kai Tak Sports Park to further develop the “sports + mega events” model in Hong Kong. “We will continue to promote sports development by supporting elite sports, maintaining Hong Kong as a centre for major international sports events, enhancing professionalism in sports, developing sports as an industry and promoting sports in the community,” said Lee. The Policy Address also focused on enhancing professionalism in sports, improving the functionality and positioning of sports venues, reviewing the governance of sports and boosting the publicity of sports by the media. “Elite sports and popularisation are mutually supportive. Elite sports can promote public participation and ‘sports for all’ through the celebrity effect. Expanding the proportion of the grassroots in sports will in turn promote the selection of elites and further promote the popularisation of sports events,” said Patrick Lau, Professor and Associate Academy Director (Research) of the Academy of Wellness and Human Development of Hong Kong Baptist University. Hong Kong already plans to co-host part of this year’s National Games, the National Games for Persons with Disabilities and the National Special Olympic Games in November and December. The city’s portion of the National Games include bowling, track cycling, fencing, golf, Rugby Sevens, a triathlon, beach volleyball, men's handball and men's U22 basketball. The golf will be played in Fanling, and the Hong Kong Golf Association has announced that Xu Longyi, individual gold medalist of the Hangzhou Asian Games, will represent Hong Kong. “To attract more world-class players to compete in Hong Kong, we have agreed on a multi-year partnership arrangement with LIV Golf, one of the most important golf tours in the world,” said Lee. "Kai Tak Sports Park is an important vehicle for the eventisation …
Chief Executive John Lee Ka-chiu delivers Policy Address 2025
- 2025-09-17
- Politics
- The Young Reporter
- By: SIU Tsz HangEdited by: AO Wei Ying Vinci
- 2025-09-17
Chief Executive John Lee Ka-chiu announced his fourth policy address at 11am today. As in the case in the past three years, Lee continues to stick with green as the theme colour. His policy address mainly focuses on several areas such as promoting patriotic education, setting up an accountability system for senior civil servants to enhance governance, accelerating the development of the Northern Metropolis, improving innovation and technology industry’s development, reforming the economy and healthcare system. This year, his address lasted 174 minutes, which is his second longest in history, followed by the longest record of 202 minutes in 2023.
Photo Gallery: South Koreans choose their new president after six months of political chaos
- 2025-06-05
- Society
- The Young Reporter
- By: Wang Yunqi、BO ChuxuanEdited by: BO Chuxuan
- 2025-06-05
SEOUL – The South Korean presidential election wrapped up with liberal party leader Lee Jae-myung winning the presidency and being sworn in on June 4, bringing an end to six months of political chaos since martial law. Lee Jae-myung won with 49.42% share of votes, amounting to 17,287,500 ballots, the largest number of votes in South Korean presidential election history, according to Yonhap News Agency, while voter turnout reached 79.38%, the highest since 1997, reflecting a high level of public mobilisation. Besides Lee’s victory, Kim Moon-soo, leader of the conservative People Power Party, received 41.15% of the vote, as the previous party leader’s martial law declaration received wide criticism, with Lee Jun-seok of the Reform New Party securing 8.34% of the votes, who emphasised on political reform and youth empowerment. The remaining two candidates, Kwon Young-guk and Song Jin-ho, received 0.98% and 0.1% of the votes, respectively. According to a May poll conducted by Gallup, there were notable differences in support rates across age groups. Lee Jae-myung enjoyed higher support among people in their 40s and 50s, while Kim Moon-soo was more favoured by those in their 60s and 70s. And Lee Jun-seok received relatively greater support among younger voters. South Korea faced significant disruptions in high-level diplomatic activity following ex-president Yoon declaring martial law on Dec. 3, 2024, with domestic investors suffering “roller coaster” fluctuation of both the stock market and currency, also driven by the tariff policy initiated by US President Donald Trump. With concerns for the country’s social and security landscape raised, Lee outlined five key missions for his administration during his victory speech, including ending internal conflict, achieving national unity, revitalising the national economy, ensuring national security, and maintaining stability on the Korean Peninsula. “This is a world where things like martial law shouldn’t exist”, said …
South Korea Presidential Election 2025: Young voters see the economy as one of their major concerns amid economic downturn
- 2025-06-02
- Politics
- By: BO ChuxuanEdited by: BO Chuxuan
- 2025-06-02
Young voters in Seoul consider the economy one of the major concerns heading into the South Korean 21st presidential election, which takes place on June 3, as South Korea’s central bank cut the basic interest rate by 25 basis points days before to counter the current economic downturn. “The current (economic) situation is really bad, everything is becoming more and more expensive,” said Victoria Kim, a psychology student at Yonsei University, who gave up travelling abroad but visited cities inside South Korea instead because of the depreciation of the South Korean won. South Korea's won weakened sharply after ex-president Yoon Suk Yeol declared emergency martial law, causing a democratic crisis in the country on Dec. 3, 2024, and hit a record low in nearly 16 years after Trump’s declaration of a 25 percent tariff against Korea-manufactured goods in April. While the South Korean benchmark stock index, KOSPI, moved higher and broke a 10-month record high at 2,720.64 on May 29, boosted by tech shares, which strengthened the won against the USD, this was mainly triggered by the US trade court’s blockade of Trump’s global tariffs. For Kim, the economic uncertainty extends beyond travel decisions to her everyday expenses. “I like to be a vegetarian and eat lots of veg and fruit at home, and with the recent price rises it’s a burden to buy and eat,” said Kim, working part-time in Seoul apart form college right now. Being eager to enjoy cultural life, Kim must continue working to save money, which makes her feel frustrated and negatively impacts her mental well-being. Jerry (assumed name), a student in the Korea University department of Humanities, sees social welfare for low-income groups as the key issue in his vote, and is looking for substantial and implementable funding policies to support the research and …