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As the clock struck midnight on June 30, 2025, Hong Kong marked the 28th anniversary of its return to China. The milestone was celebrated with a grand ceremony at the Hong Kong Coliseum, attended by high-ranking officials, including Hong Kong's Chief Executive John Lee and Liu Guangyuan, the director of the Central Government's Liaison Office in Hong Kong. In his speech, Lee emphasized the significance of the occasion, stating that Hong Kong has made tremendous progress since its return to China in 1997. He highlighted the city's unique advantages under the "one country, two systems" framework, which has enabled it to thrive as an international financial center and a hub for trade and commerce.

As of July 1st, many individuals can expect an additional influx of funds, the annual housing provident fund interest, which will be directly deposited into their housing provident fund accounts, with some individuals potentially receiving thousands of yuan. The housing provident fund interest is calculated based on the national regulations' prescribed interest rate, with the interest period spanning from July 1st of the previous year to June 30th of the current year. The interest is typically credited to the account on July 1st, although the exact timing may vary depending on local housing provident fund management centers' announcements.

The孙恩盛停播事件, or Sun Ensheng Suspension Event, has its roots in a high-stakes "PK verification" controversy that erupted on June 28, 2025. This incident involved Sun Ensheng, a popular Chinese live streamer, and several other prominent streamers, including Pippi Zhu, San Jin, and Chen Qiaoqiao. The event sparked widespread debate and led to the platform intervening, resulting in Sun Ensheng's suspension. The high-stakes "PK verification" involved a series of 12-14 rounds of competitions, where the streamers encouraged their fans to make lavish purchases, known as "gifts," to demonstrate their financial prowess. Each round had a minimum threshold of 100,000 points, equivalent to approximately 10,000 yuan (around $1,400 USD). The total transaction volume exceeded 1 million yuan.