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☆ China threatens to retaliate over U.S. bill that could shutter Hong Kong trade offices
▼ + stars: | 2024-09-12 | by ( Dylan Butts | ) www.cnbc.com time to read: +1 min

American lawmakers have passed a bipartisan bill that could eventually lead to the shuttering of Hong Kong's U.S.-based trade offices, drawing strong condemnation from the Chinese-ruled city and Beijing. The legislation, the Hong Kong Economic and Trade Office Certification (HKETO) Act, was passed by the U.S. House of Representatives with overwhelming support on Tuesday. If it passes the Senate and is signed into law, HKETO would require the U.S. secretary of state to annually review the "privileges, exemptions and immunities" granted to Hong Kong's Economic and Trade Offices. Beijing strongly condemned the act's passing on Wednesday, accusing the U.S. of politicizing normal economic cooperation and attempting to contain Hong Kong's development. The remarks echoed a statement from the Hong Kong government that decried the U.S. for twisting facts, violating international laws and norms, and grossly interfering in the affairs of Hong Kong.

Persons: HKETO Organizations: U.S, Capitol, Senate, House, Hong, Hong Kong Economic, Trade, U.S . House, Hong Kong's Economic Locations: Washington , DC, Hong Kong's U.S, Beijing, Hong Kong, U.S, China

☆ Hong Kong shoppers are crossing the border into Shenzhen to buy croissants and rotisserie chickens at China's newest Costco
▼ + stars: | 2024-03-05 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

The store's popularity is driven by Hong Kong residents crossing the border to shop in mainland China. Xinhua News AgencyLarge bulk stores are a rarity in Hong Kong due to the city's limited space and expensive culture. AdvertisementHong Kong's economic struggles, however, have created the perfect circumstances for Shenzhen Costco to thrive. Costco has organized several shuttle buses each day that run between the Shenzhen store and Hong Kong, according to a company spokesperson. Costco is also partnering with cross-border delivery companies that pack and ship items purchased by Hong Kong residents.

Persons: — Organizations: Costco, Service, Xinhua, Agency, Hong, Shenzhen Costco, Bloomberg, Tencent Holdings, Pay Locations: Shenzhen, China, Hong Kong, Costco, Guangdong Province, Guangdong Province of China, Taiwan

HONG KONG, July 19 (Reuters) - China's appointment of a top intelligence official to run Hong Kong's national security regime underscores its determination to tighten its grip on the financial hub, according to diplomats and analysts. Dong will bolster security oversight of Hong Kong, rocked for months in 2019 by pro-democracy protests that posed a crisis for Beijing's Communist Party leadership. Under the security law, China's national security office has sweeping investigative and surveillance powers, and enjoys immunity from city laws. Dong's appointment comes as Hong Kong prepares to bolster its national security regimen with a new law, called Article 23, that Hong Kong officials say will encompass espionage and treason among other offences not covered in the 2020 legislation. Additional reporting by Hong Kong newsroom and Yew Lun Tian in Beijing; editing by Robert BirselOur Standards: The Thomson Reuters Trust Principles.

Persons: Dong Jingwei, Dong, Xi Jinping's, Tian, Robert Birsel Organizations: Hong, Beijing's Communist Party, Ministry of State Security, U.S, Hong Kong, Thomson Locations: HONG KONG, British, Beijing, Hong Kong, China, United States, Britain, Australia

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

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

Hong Kong will issue vouchers worth HK$5,000 ($637) per person to all adults this year, half the amount issued in 2022. Hong Kong usually runs balanced budgets or surpluses, since its pegged currency system commits it to fiscal prudence. "HAPPY" HONG KONG? He also said a "Happy Hong Kong" campaign would be launched for the general public, including gourmet food fairs and harbourfront carnivals that would help stimulate consumption. ($1 = 7.8488 Hong Kong dollars)Additional reporting by Jessie Pang; Writing by Marius Zaharia and James Pomfret; Editing by Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.

☆ Six former staff of Hong Kong newspaper plead guilty to conspiracy to collude
▼ + stars: | 2022-11-22 | by ( Jessie Pang | ) www.reuters.com time to read: +3 min

HONG KONG, Nov 22 (Reuters) - Six former members of staff at Hong Kong's defunct pro-democracy newspaper Apple Daily pleaded guilty on Tuesday to conspiracy to commit collusion with foreign forces in a closely watched national security case. Prosecutor Anthony Chau said Apple Daily was used as a platform to advocate for foreign sanctions. Beijing and Hong Kong's government denied that and accused the protesters of undermining the stability at the heart of Hong Kong's economic success, at the behest of foreigners. Lai and the six former Apple Daily staff members were charged with conspiracy to commit collusion with foreign forces under the law. Lai and his three companies have pleaded not guilty to the national security and sedition charges.

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