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Hong Kong grants bail to arrested pro-democracy activists
By Associated Press | Posted by Srivatsan K C | Hong Kong
PUBLISHED ON JAN 08, 2021 06:55 PM IST
The activists were accused of taking part in an unofficial primary election last year that authorities said was part of a plan to paralyze the Legislative Council and subvert state power. The primary was held to choose the best candidates to field as the pro-democracy camp sought to win a majority of seats.
Mike Pompeo angers China with Hong Kong threat, plan to send envoy to Taiwan
By Reuters | Posted by Shivani Kumar | Washington/Beijing
UPDATED ON JAN 08, 2021 08:38 AM IST
Pompeo said he was also “appalled” by the arrest of an American citizen in Wednesday’s crackdown and added: “The United States will not tolerate the arbitrary detention or harassment of US citizens.”
US human rights lawyer arrested in Hong Kong granted bail
By Associated Press | Posted by Ayshee Bhaduri | Hong Kong
UPDATED ON JAN 07, 2021 07:49 PM IST
John Clancey, who works at law firm Ho Tse Wai & Partners, was one of 53 people arrested Wednesday under the national security law over their participation in an unofficial primary election last year that authorities say was part of a plan to paralyze the government and subvert state power.
Jailed Hong Kong activist Joshua Wong suspected of violating city’s new security law
By Reuters| Posted by Mallika Soni | Hong Kong
PUBLISHED ON JAN 07, 2021 03:40 PM IST
Wong, who won the primary vote, has been repeatedly detained for his role in organising pro-democracy rallies. He was also among 12 opposition candidates disqualified from running in the legislative election, which has since been postponed with the government citing the coronavirus.
China goes online to mock ‘beautiful sight’ of US Capitol chaos
By Agence France-Presse | Posted by Ayshee Bhaduri | Beijing
UPDATED ON JAN 07, 2021 11:12 AM IST
On Thursday morning, state media tabloid Global Times tweeted side-by-side photo comparisons of Hong Kong protesters occupying the city’s Legislative Council Complex in July 2019 with Wednesday’s Washington riots.
HK arrests 53 oppn figures, sparks outcry
By Agencies | Hong Kong, Hong Kong
PUBLISHED ON JAN 07, 2021 01:47 AM IST
Police confirmed 53 people - including a US citizen - were arrested for “subversion” in an early morning operation that involved about 1,000 officers.
Moody’s withdraws SBI’s forex bonds’ ratings
By Press Trust of India | Posted by Deepali Sharma | Mumbai
PUBLISHED ON JAN 06, 2021 08:35 PM IST
The agency said the rating withdrawal are on those forex bonds issued by SBI through its branches at the Dubai International Finance Centre, Hong Kong, London, and Nassau, a county in Florida, US.
EU calls for ‘immediate release’ of Hong Kong activists
By Associated Press | Posted by Deepali Sharma | Brussels
PUBLISHED ON JAN 06, 2021 06:21 PM IST
China is the bloc’s second-biggest trading partner behind the United States, and the EU is China’s biggest trading partner.
Explainer: Hong Kong mass arrests chill democracy movement
By Associated Press | Posted by Ayshee Bhaduri | Hong Kong
PUBLISHED ON JAN 06, 2021 05:46 PM IST
The arrests will remove more activists from the scene, reducing the possibility of renewed protests and eliminating many as future candidates for office. They warn a younger generation that formed the backbone of protests that even holding an unofficial primary can result in legal action.
Hong Kong democracy activists demand govt releases ‘political prisoners’
By Reuters| Posted by: Harshit Sabarwal | Hong Kong
PUBLISHED ON JAN 06, 2021 03:05 PM IST
At a press briefing to address the mass arrests of pro-democracy activists in a dawn sweep, members of the democratic camp said the arrests were “shameful” and represented oppression on the right to vote.
‘Assault on universal rights’: Incoming US secretary of state on Hong Kong arrests
By Bloomberg | Posted by Karan Manral
UPDATED ON JAN 06, 2021 11:41 AM IST
“The Biden-Harris administration will stand with the people of Hong Kong and against Beijing’s crackdown on democracy,” tweeted Antony Blinken, US President-elect Joe Biden’s nominee for secretary of state.
Dozens of Hong Kong pro-democracy figures arrested: Report
By Associated Press | Posted by Kanishka Sarkar | Hong Kong
PUBLISHED ON JAN 06, 2021 07:39 AM IST
At least seven members of Hong Kong’s largest Democratic Party — the city’s largest opposition party — were arrested, including former party chairman Wu Chi-wai. Former lawmakers, including Helena Wong, Lam Cheuk-ting, and James To, were also arrested, according to a post on the party’s Facebook page.
Hong Kong: Amid protest and pandemic, experts warn govt of social unrest among youth
By Asian News International| Posted by: Harshit Sabarwal | Hong Kong
PUBLISHED ON JAN 05, 2021 04:15 PM IST
The pent-up resentment against the government and frustration over the coronavirus pandemic among students has been described as ‘powder keg waiting to go off’, reported South China Morning Post (SCMP).
NYSE scraps plan to delist China telecom firms
By Agence France-Presse | Posted by Deepali Sharma | New York
PUBLISHED ON JAN 05, 2021 03:07 PM IST
No detailed reason was given for the sudden reversal, which the exchange said came after “further consultation with relevant regulatory authorities”.
China asks US to stop interfering with Hong-Kong related issues
By Asian News International | Posted by Srivatsan K C | Beijing
PUBLISHED ON JAN 04, 2021 06:22 PM IST
In a press conference, Chinese Foreign Ministry spokesperson Hua Chunying said China is a country ruled by law and anyone who violates it must be punished.
Hong Kong postpones school re-openings to Lunar New Year
By Bloomberg | Posted by Nilavro Ghosh
PUBLISHED ON JAN 04, 2021 03:34 PM IST
Hong Kong has been one of the most aggressive places worldwide to close schools despite research from the likes of the United Nations warning about the adverse consequences of doing so.
India’s market cap swells to $2.5 trillion
By Ashwin Ramarathinam | Livemint
UPDATED ON JAN 04, 2021 05:59 AM IST
Investors are expecting a sharp economic recovery in 2021 and companies whose fortunes are tied to the revival are leading the stocks’ rally. Continued foreign inflows coupled with a pickup in earnings and the rollout of vaccines are expected to sustain the upward momentum.
Hong Kong in talks to use vaccine records for travel, HKET says
By Bloomberg | Posted by Nilavro Ghosh
UPDATED ON JAN 02, 2021 01:34 PM IST
The electronic-registration system will record when and which type of vaccine a person/citizen has received and will remind the user when to receive a second shot, Secretary for Innovation and Technology Alfred Sit was cited as saying in a radio interview.
NYSE to delist 3 Chinese telecom companies to comply with US executive order
By Asian News International| Posted by Mallika Soni | New York
UPDATED ON JAN 02, 2021 12:42 AM IST
The three companies -- China Mobile, China Telecom and China Unicom Hong Kong -- will be delisted between January 7 and January 11 and proceedings to delist them have started, according to a statement by the NYSE.
Recovery in earnings and economy may catapult markets in 2021
By Nasrin Sultana | Livemint
UPDATED ON JAN 01, 2021 06:00 AM IST
Markets hit an all-time high on the last day of a volatile 2020 which had a divergent trend of a sharp fall and unexpected rebounds.Both the BSE Sensex and Nifty gained 15-16% in rupee terms in the year
Hong Kong’s top court puts media tycoon Jimmy Lai back in custody
By Reuters | Posted by Ayshee Bhaduri | Hong Kong
PUBLISHED ON DEC 31, 2020 02:55 PM IST
The Court of Final Appeal’s ruling comes a week after Lai, one of Hong Kong’s most prominent democracy activists who is accused of colluding with foreign forces, was released on HK$10 million ($1.3 million) bail along with extensive restrictions that included barring him from using social media.
Bitcoin touches $29,000 for another high in banner year
By Bloomberg | Posted by Shivani Kumar
UPDATED ON DEC 31, 2020 07:18 AM IST
The largest cryptocurrency climbed to as high as $29,292 before pulling back slightly to trade at $28,520 as of 9:12 am in Hong Kong Thursday. It has advanced almost 50% in December, on track for its biggest monthly gain since May 2019.
Chinese court jails 10 Hong Kong democracy activists for up to three years
By Agence France-Presse| Posted by Mallika Soni | Agence France-Presse
PUBLISHED ON DEC 31, 2020 01:52 AM IST
A number of activists have fled the city for overseas and political organisations have shuttered their doors as Beijing seeks to keep a lid on unrest that rocked the financial hub for months last year.
Hong Kong tycoon Jimmy Lai steps down from Next Digital helm
By Bloomberg | Posted by Ayshee Bhaduri
PUBLISHED ON DEC 30, 2020 10:45 AM IST
Jimmy Lai, a prominent critic of Beijing and local authorities, tendered his resignation “in order to spend more time dealing with his personal affairs,” according to a statement from the media group he founded three decades ago. He also stepped down from the position of executive director.
Hong Kong teen jailed for China flag insult
By Agence France-Presse | Posted by Shivani Kumar | Beijing
UPDATED ON DEC 30, 2020 03:46 AM IST
Tony Chung, a 19-year-old who led a now-disbanded pro-democracy group, was convicted earlier this month for throwing the Chinese flag to the ground during scuffles outside Hong Kong’s legislature in May 2019.
China starts ‘Hong Kong 12’ activists’ trial
By Agencies, Shenzhen
UPDATED ON DEC 29, 2020 05:29 AM IST
Ten of the so-called “Hong Kong 12” were in court in the southern city of Shenzhen to face charges linked to an illegal border crossing. Chinese authorities took them into custody after their boat was intercepted on August 23.
China rejects US call to release Hong Kong fugitives
By Reuters | Posted by Kunal Gaurav | Beijing
PUBLISHED ON DEC 28, 2020 02:42 PM IST
Chinese foreign ministry spokesman Zhao Lijian told a news briefing that the US remarks “disregard facts”.
China’s crackdown on Alibaba worsen China’s internet selloff
By Bloomberg | Posted by Ayshee Bhaduri
UPDATED ON DEC 28, 2020 10:57 AM IST
Once hailed as the standard-bearers of China’s economic and technological ascendancy, Alibaba, now face increasing pressure from regulators worried about the speed with which they’re amassing hundreds of millions of users and gaining influence over almost every aspect of daily life.
‘Give what you can give, take what you need to take:’ This refrigerator in Hong Kong has something for everybody
By Associated Press | Posted by: Sanya Budhiraja | Hong Kong
PUBLISHED ON DEC 25, 2020 05:58 PM IST
The door of the fridge sitting outside a hockey academy opens to reveal it is stuffed with packets of instant noodles, biscuits, tins of food and even socks and towels for anyone who may need them.
Alibaba to be probed for antitrust charges
By Sutirtho Patranobis | Livemint, Beijing
UPDATED ON DEC 25, 2020 05:21 AM IST
The announcement spooked many investors who dumped shares of Alibaba’s subsidiaries and affiliates, as well as other internet firms that risk being targeted by Chinese antitrust regulators.