Hong Kong postpones legislative elections for a year over coronavirus fears

“The new wave of epidemics may take several weeks or even longer. Even if the previous experience in April or May, even if the epidemic stabilizes, the society will take some time to recover. Experts say unless it is immediate that they develop and supply effective vaccines, otherwise a winter outbreak is very likely to […]

Bottled water company founder is China’s third-richest man after another blockbuster Hong Kong IPO

Fund flows from mainland China were particularly strong. For the first eight months, net flows from China to Hong Kong stocks via the Hong Kong Stock Exchange surged to more than $55 billion, up nearly 190% from a year ago, according to estimates by China Galaxy Securities.

Hong Kong set the bar for charter cities. But it’s not a blueprint that can be transported

“The dominant rhetoric from western countries goes beyond the humanitarian principle to emphasize economic self-interest,” she wrote. “They paint a caricature of a population where Hong Kong’s poor and disenfranchised are never part of the picture, where a life’s worth is defined by its productivity.”

CNN’s Tapper: NBA, Trump, Disney Making ‘Never Again’ Holocaust Pledges ‘Meaningless’

He concluded, “This summer two Uighur organizations lodged a complaint against the government of China at the International Criminal Court accusing the Chinese government of genocide, torture, and crimes against humanity. This is the government to whom the NBA is bowing, and President Trump is giving approval, and Disney is openly thanking. After a horrible […]

Australian journalists evacuated from China after five-day diplomatic standoff

The Australian newspaper said Tuesday that it had been advised by Canberra against sending its China correspondent, Will Glasgow, back to the country. Glasgow is currently in Australia but had been due to fly to Guangzhou last Sunday, before the advice was received, he said on Twitter.

SoftBank takes $10 billion hit after being unmasked as Nasdaq ‘whale’

The options could pay off for SoftBank. According to the Financial Times, which was first to report on the position, the company is sitting on trading gains of about $4 billion. But such trades are also risky, since they could lead to big losses if equity markets keep falling.

Disney hit by backlash after thanking Xinjiang authorities in ‘Mulan’ credits

“Studios feel like they need to make these compromises to be in Beijing, but you can slightly censor your movies to get into the Chinese market, you can bring Chinese movies that shouldn’t be in the States because of poor quality or because of propaganda elements into the States. And you can do that and […]

US lawmakers want to stop calling Xi Jinping a President. But will he care?

A year later, his name and political ideology, Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, often simply known as “Xi Jinping Thought,” was formally written into the Communist Party constitution — an echo of “Mao Zedong Thought.” No other sitting Chinese leader has had their names enshrined in the party […]

China to drop presidential term limits, clearing way for Xi Jinping to stay on

“But doing so would be made more difficult and create a potential rival in the form of the new president,” he said. “Authoritarian rulers must constantly worry about whether their top lieutenants will seek to gain political advantage by betraying their own political patron, and Xi would be no exception.”

Asian markets track Wall Street losses again while SoftBank tumbles

Every major index in Asia Pacific was lower. China’s Shanghai Composite (SHCOMP) lost 1.3%. Japan’s Nikkei 225 (N225) dropped 1.6%, while Hong Kong’s Hang Seng Index (HSI) — which this week added big tech stocks Alibaba and Xiaomi to its list of components — fell 1.1%. South Korea’s Kospi (KOSPI) shed 1%. Australia’s S&P/ASX 200 […]