Commentary The sinking of Hong Kong officially started with the enactment of the National Security Law (NSL) at 11:00 p.m. on June 30, 2020. Hong Kong has lost its glory, and the defenders of our old core values have either fled, have been detained or are in prison. Hongkongers have mostly used peaceful ways to…
Hong Kong: Treading a Dangerous Path
June 9, 2022
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carrie lamChinadeterioration of Hong KongHong KongHong Kong National Security LawLee Ka-chiuOpinionxi jingping
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Inflation Will Be More Persistent Than Expected
Commentary The most important economic question to date is still the old one: whether inflation has peaked or still has some months to go. The U.S. official tone on inflation has always been on the supply side such as the logistic blockage due to Covid-19 lockdowns or the Ukraine-Russian war. The demand side of ridiculous…
Hong Kong to Facilitate MPF Investments in Chinese Debts as Foreign Investors Leave
Hong Kong recently approved a legislative amendment clearing the way for the city to invest its residents’ pension fund in debt securities issued or guaranteed by Beijing. The move comes when foreign investors are ditching Chinese debt at a record pace. Mandatory Provident Fund (MPF) is a compulsory pension scheme designed to provide retirement savings…
Hong Kong’s Bankruptcy Filings Hit New High in April, HKMA Bought Nearly $7.5 Million USD to Defend Currency
Individual bankruptcy filings jumped to nearly 1,000 in April, a new high in Hong Kong since May 2020. At the same time, the Hong Kong dollar suffered the largest sell order, and the Hong Kong Monetary Authority (HKMA) again intervened to buy nearly HK$5.9 billion (about $750 million). Analysts believe that the interest rate spread…
Consulates in Hong Kong Commemorate Tiananmen Square Massacre, Ignoring Threats of Consequences to Bilateral Relations
June 9, 2022
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June 4 marked the 33rd anniversary of the Chinese Communist Party’s Tiananmen Square massacre. In Hong Kong as in mainland China, any commemoration of the atrocity faced a crackdown by authorities. Many foreign consulates in Hong Kong lit candlelights and posted messages on social media to mourn the victims of the massacre, while expressing concern…
Canada Is Naive in the Face of China’s Infiltration and Disinformation Campaigns: Expert
Canada is faltering under China’s continued espionage and foreign interference campaigns, and as politicians willfully turn a blind eye to the threat, the country is also losing credibility among its democratic allies, an expert at a panel discussion said. Sam Cooper, an award-winning investigative journalist, said he was told by Canadian intelligence officials that Beijing…
Canada Naive in the Face of China’s Infiltration and Disinformation Campaigns: Expert
Canada has been naive about communist China its continued espionage and foreign interference campaigns, and as politicians willfully turn a blind eye to the threat, the country is also losing credibility among its democratic allies, an expert said at a panel discussion on June 7. Sam Cooper, an award-winning investigative journalist, said he was told…
Hong Kong’s Status as an Airport Tanks as Passenger Traffic Drops to 2 Percent of Pre-epidemic Levels
Many countries have eased their travel restrictions now that the global epidemic has slowed down. But this is not the case in Hong Kong under the Chinese Communist Party’s (CCP) zero-COVID policy. A recent report released by Natixis, the French investment bank, said Hong Kong’s strict entry restrictions, continued outflow of residents, and other negative…
BNO Visa Applications Increased 25 percent Quarterly, 110,000 Approvals Last Year
A wave of emigration from Hong Kong has surged since the National Security Law was passed in June 2020. As shown in the data from the UK Home Office on May 26, 19,500 BNO visa applications were received, a 25 percent increase from 15,600 in the 2021 fourth quarter. This is a first big quarterly…
Slow Start Continues as Hong Kong IPOs Saw the Lowest Fundraising in 12 Years
Hong Kong’s initial public offering (IPO) market saw the lowest fundraising rate in 12 years, with IPO proceeds in May slumping to less than $140 million, and totaling a record low of $2.21 billion for the first five months of 2022. Amid the market’s grim outlook, the Hong Kong Exchanges and Clearing (HKEX) plans to…
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