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On Sunday, Evergrande reported losses of 33 billion yuan ($4.53 billion) for the first half of the year, versus a 66.4 billion yuan loss in the same period a year earlier. The Chinese property sector’s worsening debt crisis poses a significant challenge for President Xi Jinping and his policy makers, with the country’s economy already reeling from weaker domestic and overseas demand. China’s State Council Information Office, which handles media queries on behalf of the government, declined to comment on the property market and Evergrande’s fate. He sold the first complex the following year for 80 million yuan, according to Evergrande’s website. The committee investigated the matter after banks seized 13.4 billion yuan ($1.84 billion)of deposits held by the property-services unit in 2021.

Persons: Aly, Hui Ka Yan, Hui, Evergrande, Suppliers haven’t, ”, Anne Stevenson, Yang, Evergrande’s, Xi Jinping, Reuters wasn’t, Kelly Richmond Pope, ” Hui, “ Evergrande, Stevenson, Engen Tham, Julie Zhu, Clare Jim, Cassell Bryan Organizations: China Evergrande Group, REUTERS, Rights, China Evergrande, HK, Reuters, Suppliers, J Capital Research, Information Office, Political, Conference, Guangzhou Evergrande, soccer’s, Hong, Forbes, HengTen Networks, Management, Chicago’s DePaul University, Evergrande, Financial, Communist Party, “, China, Shanghai, Cassell, Low, Thomson Locations: China, Shenzhen, Guangdong province, Rights SHANGHAI, HONG KONG, United States, U.S, China’s, Henan province, Beijing, Hong Kong, Guangzhou, Evergrande, HengTen, Evergrande’s Hong Kong, Shanghai

☆ Lawyer wanted by Hong Kong says he was exercising his rights in Australia
▼ + stars: | 2023-07-06 | by ( Kirsty Needham | ) www.reuters.com time to read: +4 min

The Hong Kong police and security bureau did not immediately respond to a request for comment. Hong Kong says 260 people have been arrested under the law, 79 of them convicted for offences including subversion and terrorism. China and Hong Kong say it was necessary to restore stability in the financial hub. Yam said he started speaking out about the rule of law in Hong Kong and the crackdown because his friends were in jail. Reporting by Kirsty Needham in Sydney; Additional reporting by James Pomfret and Jessie Pang in Hong Kong; Editing by William MallardOur Standards: The Thomson Reuters Trust Principles.

Persons: Kevin Yam, Yam, Mao Ning, Anthony Albanese, Hong, Ted Hui, Richard McGregor, Kirsty Needham, James Pomfret, Jessie Pang, William Mallard Organizations: SYDNEY, Hong, HK, Hong Kong, of Australia, Law Society of Hong, Lowy Institute, Thomson Locations: Australian, Hong Kong, Hong, Australia, China, Beijing, British, Law Society of Hong Kong, Sydney

☆ Australia PM says Hong Kong bounty on overseas activists 'unacceptable'
▼ + stars: | 2023-07-05 | by ( Kirsty Needham | ) www.reuters.com time to read: +1 min

Hong Kong Chief Executive John Lee said on Tuesday eight overseas-based Hong Kong activists who were issued with arrest warrants for alleged national security offences would be "pursued for life". Hong Kong police have offered rewards of HK$1 million ($127,656) for information leading to the arrest of the eight, including Melbourne lawyer and Australian citizen Kevin Yam, and former Hong Kong lawmaker Ted Hui, who has lived in Australia since 2021. "It's just unacceptable," Albanese said of the Hong Kong announcement in a Nine television interview. The Hong Kong activists are accused of asking foreign powers to impose sanctions on Hong Kong and China, and are wanted under a national security law that Beijing imposed on the former British colony in 2020. Chinese and Hong Kong authorities say the law has restored the stability necessary for preserving the Asian financial centre's economic success.

Persons: Anthony Albanese, John Lee, Kevin Yam, Ted Hui, " Albanese, Penny Wong, Kirsty Needham, Jamie Freed Organizations: SYDNEY, Australian, Hong, Hong Kong, HK, Thomson Locations: Hong Kong, Melbourne, Australia, China, Beijing, British

☆ Hong Kong leader vows to pursue 8 activists 'for life' over alleged national security offences
▼ + stars: | 2023-07-04 | by ( Clement Tan | ) www.cnbc.com time to read: +1 min

Hong Kong Chief Executive John Lee vowed Tuesday to pursue eight pro-democracy activists "for life" after they were targeted with arrest warrants for alleged national security offences. "Endangering national security is a serious crime and the [Hong Kong] government will enforce the law strictly," Lee said in Cantonese at a press conference in Hong Kong, according to a CNBC translation. "The government will use all legal means, and to the best of our ability, hold these criminals endangering national security accountable," he added. On Monday, Hong Kong police accused the eight overseas activists of offences under the national security law, including foreign collusion, subversion and incitement to succession. The controversial law was resisted for several years before it was imposed on Hong Kong in 2020 after protracted anti-China protests the year before.

Persons: Ted Hui, Lam, John Lee, Lee Organizations: CNBC, Hong Locations: Kowloon, Hong Kong, China

HONG KONG, July 4 (Reuters) - Hong Kong chief executive John Lee said on Tuesday eight overseas-based Hong Kong activists who were issued with arrest warrants for alleged national security offences, would be "pursued for life". Hong Kong police issued arrest warrants for the eight overseas-based activists on Monday, accusing them of national security offences, including foreign collusion and incitement to secession, and offered rewards for information leading to their arrest. They are wanted under a national security law that Beijing imposed on Hong Kong in 2020. Both these countries have criticised the national security law for being used to suppress Hong Kong's pro-democracy movement. Chinese and Hong Kong authorities say the law has restored the stability necessary for preserving Hong Kong's economic success.

Persons: John Lee, Lee, Nathan Law, Anna Kwok, Finn Lau, Dennis Kwok, Ted Hui, Kevin Yam, Mung Siu, Yuan Gong, James, Hong Kong's, Hong, James Pomfret, Donny Kwok, Muralikumar Anantharaman, Raju Gopalakrishnan Organizations: Hong Kong, HK, U.S . State Department, Hong, Inter, Parliamentary Alliance, Thomson Locations: HONG KONG, Hong Kong, Hong, United States, Britain, Australia, Beijing, China

Hong Kong CNN —Hong Kong police on Monday placed bounties on eight prominent democracy activists in self-imposed exile overseas, offering HK$1 million ($127,603) rewards each for information leading to their arrests. After leaving Hong Kong in recent years, many of the activists have continued to speak out against what they say is Beijing’s crackdown on their home city’s freedoms and autonomy. The sweeping law was imposed by Beijing on Hong Kong in 2020, after huge pro-democracy protests roiled the semi-autonomous city in the previous year. The Hong Kong government has repeatedly denied the national security law is suppressing freedoms. “I feel no joy over this, but feel sad for Hong Kong that people now see things this way, because it is an indication of how low Hong Kong has gone in the eyes of many,” he told CNN from Australia.

Persons: Nathan Law, Dennis Kwok, Ted Hui, Hong, Steve Li, “, ”, Kevin Yam Organizations: Hong Kong CNN, Hong, HK, CNN Locations: Hong Kong, United States, Canada, Britain, Australia, Beijing

REUTERS/Bobby Yip/File PhotoHONG KONG, July 3 (Reuters) - Hong Kong police on Monday accused eight overseas-based activists of serious national security offences including foreign collusion and incitement to secession and offered rewards for information leading to any arrest. "They have encouraged sanctions ... to destroy Hong Kong and to intimidate officials," Steve Li, an officer with the police's national security department, told reporters. Chinese and Hong Kong authorities say the law has restored the stability necessary for preserving Hong Kong's economic success. "I miss Hong Kong but as things stand, no rational person would be going back." British-based rights group Hong Kong Watch said in a statement Britain, the U.S. and Australia should issue statements "guaranteeing the safety of those activists named and the wider Hong Kong community living overseas".

Persons: Nathan Law, Bobby Yip, Anna Kwok, Finn Lau, Dennis Kwok, Ted Hui, Kevin Yam, Mung Siu, Yuan Gong, Steve Li, Hong Kong, Yam, Li, James Pomfret, Jessie Pang, Robert Birsel Organizations: REUTERS, HK, Hong, Reuters, Georgetown University's Center, Asian Law, Police, Kong's Security, Hong Kong Watch, Thomson Locations: Hong Kong, China, HONG KONG, United States, Britain, Australia, Beijing, British, Hong, Asia, U.S

☆ Self-exiled Hong Kong democrat sentenced to 3 1/2 years in jail in absentia
▼ + stars: | 2022-09-29 | by ( ) www.reuters.com time to read: +2 min

HONG KONG, Sept 29 (Reuters) - A court in Hong Kong on Thursday sentenced a pro-democracy activist and former lawmaker, Ted Hui, to 3 1/2 years in jail for "criminal contempt" after he failed to show up for trial in several criminal cases. Hui, 40, fled Hong Kong in December 2020, several months after China imposed a sweeping national security law punishing offences like subversion and foreign collusion with possible life imprisonment. "After the National Security Law came into effect in Hong Kong, the courts in Hong Kong have been reduced to become courts of the (Chinese) Communist Party. Political trials, and sentencing against dissent has become the norm in Hong Kong," Hui wrote. Hong Kong and Chinese authorities say the national security law has restored stability to Hong Kong after mass pro-democracy protests in 2019, and that the judiciary remains independent.

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