UK lawmakers urge sanctions over Hong Kong police violence

Hong Kong saw violence at anti-government protests in the past year, as demonstrations against a proposed law that would allow suspects to be extradited to China grew into a much wider protest movement for democratic reform and against alleged police brutality.

Trump says U.S. action on Hong Kong likely to boost U.S. exchanges

“For freedom, we gave them tremendous incentives … they took massive business away from the New York Stock Exchange, Nasdaq, all of our exchanges,” Trump said in an interview with Fox News. “We’ve now taken that all back, Hong Kong will not be a successful exchange anymore … we’re going to make a lot more […]

Hong Kong’s business activity contracts further in July amid resurgence of COVID-19 infections: survey

The report showed that new orders declined at a steeper rate during July and firms, in turn, scaled back their purchasing activity substantially, resulting in a sharp fall in inventories. Business confidence deteriorated further, with rising concerns over the adverse impact of a new wave of COVID-19 cases on the economy.

Hong Kong reports 85 new confirmed COVID-19 cases, 3,754 in total

“Together with the first batch of applications approved in April this year, the HMRF has provided total funding of 170 million HK dollars in supporting COVID-19 research. The Food and Health Bureau of the HKSAR government expects the scientific evidence generated from these studies will help inform control measures to mitigate the impact of COVID-19 […]

Gross interference in Hong Kong affairs undermines “one country, two systems”: Chinese FM

The legislation on safeguarding national security in Hong Kong has plugged the long-standing legal loopholes in Hong Kong, he said, adding that the legislation will “ensure both the long-term implementation of the policy of ‘one country, two systems’ on the basis of rule of law and durable security and stability of Hong Kong.”

Hong Kong Volunteers Federation ready to assist medical professionals from mainland in logistics work

The medical professionals, who arrived in Hong Kong on Sunday afternoon, are members of a 60-strong nucleic acid testing team established recently at the request of the Hong Kong Special Administrative Region (HKSAR) government for assistance in the battle against the COVID-19 epidemic.

HKSAR gov’t strongly opposes so-called report by Britain’s all-party parliamentary group on Hong Kong

“Since the enactment of the national security law, some politicians from the UK have made it an issue, neglecting the fact that the UK has also put in place relevant legislation and enforcement mechanisms for safeguarding its national security and sovereignty … They ignore the serious unlawful acts of rioters in Hong Kong and even, […]

China says self-confessed spy defector is fraudster

The Nine Network newspapers reported that Chinese defector Wang “William” Liqiang has given Australia’s counterespionage agency inside intelligence on how Beijing conducts its interference operations abroad and revealed the identities of China’s senior military intelligence officers in Hong Kong.

Wall Street rallies again; S&P 500 pulls within 2% of record

A better-than-expected reading on the nation’s services sector also added to the mixed picture on the economy. The services sector includes retail, health care and transportation, and it makes up the bulk of the U.S. economy. It grew in July for the second straight month, according to a survey by the Institute for Supply Management, […]

Disney CEO Bob Chapek Says Walt Disney World Seeing Cancellations From Florida’s COVID “Ebb And Flow”

The entertainment giant reported a massive $3.5 billion hit last quarter from theme parks. They’re a huge chunk of the company and most of them were shut for the entire three months. Wall Street digested that number then asked for a snapshot today, when most parks are open. The Shanghai Disney Resort re-opened in May. […]