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CNN —Pope Francis urged Chinese Catholics to be “good citizens” and “good Christians,” a rare instance of the Holy Father publicly addressing the issue of religion in China. Mongolia is sandwiched between Russia, whose invasion of Ukraine Francis has publicly criticized, and China, an atheist state where religious practice is heavily curtailed by the government. And to the Chinese Catholics, I ask you to be good Christians and good citizens.”Pope Francis leads Mass at the Steppe Arena in Ulaanbaatar on Sunday. Pedro Pardo/AFP/Getty ImagesChina may be officially an atheist state, but religious practice is legal in the country – albeit under tight government supervision and surveillance. Francis landed in Mongolia Friday for a trip that has lacked the usual fanfare of a Papal visit.
Persons: Pope Francis, Francis ’, Pope, Ukraine Francis, Stephen Chow, Cardinal John Tong, , Francis, Hong, , ” Pope Francis, Mass, Pedro Pardo, Pontiff Organizations: CNN, Hong Kong’s, Getty, Vatican News, Mongolian, Sunday Locations: China, Mongolian, Ulaanbaatar, Mongolia, Russia, Ukraine, Hong Kong, Vatican, Beijing, AFP, Russian
Why Hong Kong can’t cut loose from the US dollar just yet
  + stars: | 2023-06-13 | by ( Laura He | ) edition.cnn.com   time to read: +11 min
Hong Kong CNN —Hong Kong’s currency is facing its biggest test since the global financial crisis of 2008. The steep fall is a sign that investors are ditching the Hong Kong dollar. The Hong Kong Monetary Authority (HKMA) is committed to keeping the Hong Kong dollar between 7.75 and 7.85 per greenback. People walk past the Hong Kong Monetary Authority (HKMA) on May 4, 2023, in Hong Kong, China. “Pegging the Hong Kong dollar to the US dollar encourages such transactions to be carried out in Hong Kong and under Hong Kong law, even if neither party is based in Hong Kong.”This helps to create jobs and prosperity in Hong Kong, while also benefiting mainland China.
Persons: Hong, hasn’t, Andy Xie, ” Logan Wright, Bill Ackman’s, Ackman, Wright, Peter Parks, Kong, Deng Xiaoping, Margaret Thatcher, outflows, Chi Lo, Chen Yongnuo, Hong Kong’s, , Richard Cookson ,, Boaz Weinstein, Daniel Fung, Rhodium’s Wright, Xie, Eddie Yue, Banks, John Greenwood, , Greenwood, ” Greenwood Organizations: Hong Kong CNN, British, Hong, Traders, Hong Kong, Bill Ackman’s Pershing, Capital Management, Getty, Lehman Brothers, Hong Kong Monetary Authority, US Federal Reserve, Asia Pacific, BNP, Asset Management, Fed, China News Service, Rubicon Fund Management, Bloomberg, Saba Capital Management, National Security Law, CNN Locations: Hong Kong, United States, China, Hong, Beijing, AFP, Britain, , , Riding
Hong Kong CNN Business —International airlines are scrambling to add more flights to Hong Kong as the city ends two and a half years of quarantine measures, leading to a surge in demand for travel. “As Hong Kong’s home airline, we are fully committed to rebuilding the connectivity of the Hong Kong aviation hub,” it said in a statement. This will absolutely increase the demand for travel to and from Hong Kong,” Christoph Meyer, Lufthansa’s general manager of sales for Hong Kong, Macao and South China, said in a statement. International Air Transport Association Director General Willie Walsh said last week that China’s zero-Covid policy had “devastated” Hong Kong. Friday’s news puts Hong Kong back on “the right track,” said Dr. Kam Hung Ng, assistant professor of aviation engineering at the Hong Kong Polytechnic University.
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