China Declines To Acknowledge Biden Victory
"); jQuery("#212 h3").html("

"); });
2020-11-09 HKT 17:09
China declined on Monday to congratulate Joe Biden as the winner of the US presidential election, saying the outcome of the vote was still to be determined.
While incumbent Donald Trump has yet to concede and has launched several legal challenges, many world leaders congratulated Biden and running mate Kamala Harris after the Democrats were declared winners at the weekend and spontaneous celebrations erupted across American cities.
Trump's four years in the White House have been marked by a costly trade war and increasingly icy relations with China, with the two powers sparring over areas from blame for the Covid-19 pandemic to Beijing's human rights record in Xinjiang and Hong Kong.
China – among a handful of major countries including Russia and Mexico that has not congratulated the president-elect – said Monday it had "noticed that Mr Biden declared he is the winner of the election."
"Our understanding is that the outcome of the election will be determined in accordance with US laws and procedures," foreign ministry spokesman Wang Wenbin told press at a regular briefing.
After declining to acknowledge Biden's victory despite repeated questions from reporters, Wang said: "We hope the new US government can meet China halfway."
Trump has refused to concede defeat, complaining in a tweet on Sunday, "Since when does the Lamestream Media call who our next president will be?"(AFP)
HKMA Warns Of Fake Stablecoins As Licensed Issuers Have Yet To Launch Tokens
The Hong Kong Monetary Authority (HKMA) has warned the public about fake stablecoins in Hong Kong, specifically flaggin... Read more
Tazapay Secures Money Service Operator License In Hong Kong
Singapore-based cross-border payments company Tazapay has secured a Money Service Operator (MSO) license in Hong Kong. ... Read more
Livi Bank Posts First Full-Year Profit In 2025 As Loans Rise 49%
Hong Kong digital bank livi bank reported a full-year profit of HK$21 million for 2025. For the year, total operating i... Read more
FWD Group Reports US$720M In New Business Sales As Expansion Continues
FWD Group reported a 4% year-on-year increase in new business sales to US$720 million for the first quarter of 2026, dr... Read more
WeLab Bank 2025 Revenue Hits HK$942M After Securing First-Half Profitability
WeLab Bank achieved profitability in the first half of 2025 and reported a 35% year-on-year revenue increase to HK$942 ... Read more
Ripple And Kbank Roll Out Institutional Digital Asset Wallet In South Korea
Ripple has partnered with Kbank to deploy an institutional digital asset wallet in Korea, equipping the internet bank w... Read more
