WASHINGTON: US Secretary of State Mike Pompeo said on Friday Washington is deeply concerned about 12 Hong Kong democracy activists being held in China, saying they have been denied access to lawyers and local authorities have not provided information on their welfare or the charges against them.
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 – Hong Kong’s reputation as a haven for freewheeling business has steadily eroded since the territory was handed over to China from Britain in 1997. As anti-government protestors step up demands for democracy, and with demonstrations becoming more violent, however, the business environment is getting worse.
While the U.S. concentrates its efforts on Chinese finances and visas, the British government has mobilized to offer as many as 3 million Hong Kongers a way out of the region. The U.K. has been criticized over the past year for perceived weakness in standing up against China over Hong Kong.
“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.”
Keith Richburg, a veteran correspondent and now head of Hong Kong University’s media school, said the raid and arrests were outrageous. “I think you can say that is the day press freedom officially died, and it didn’t die a natural death. It was killed by Beijing and it was killed by Carrie Lam and Hong […]
HONG KONG (Reuters) – Shares of Yum China Holdings Inc 9987.HK fell by as much as 4.1% from their offering price in Hong Kong on Thursday as they made their debut in a secondary listing.
A new National Security Office in Hong Kong will be established to process national security cases and collect and analyze national security intelligence. NSO agents will operate outside of Hong Kong jurisdiction and local government is expressly required to prevent any obstruction of NSO duties.
Hong Kong police later confirmed the rough arrest of the young girl in a statement, claiming that she had run ‘in a suspicious manner’ and officers had used ‘minimum necessary force’ to apprehend her.
In a news conference, Hong Kong’s Chief Executive Carrie Lam said the move to postpone the Legislative Council elections, slated for September 6, was the most difficult decision she had made in the last seven months. She added that she had the support of the Chinese central government in making this decision.