The Communist Party’s membership grew at a slower pace and its average age continued to climb last year, according to official data on the world’s second-biggest political party. In line with tradition, the data was released on the day before July 1, the date of the party’s founding in 1921. The party had 101 million members at the end of 2025, an increase of 1 per cent from the previous year, according to a report released on Tuesday by the Central Committee’s Organisation Department, the...
Hong Kong faces the prospect of a tsunami of elderly poverty sweeping over society in the coming decades. The question is what to do about it. The good news is that there are ways to reduce the severity of the problem. The bad news is that these will take time to be effective, so we need to start work immediately. An important sign of the severity of the situation was provided by a recent study jointly conducted by the Hong Kong Retirement Schemes Association and prominent pension consultant...