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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

☆ Matthew Trickett: British man accused of spying for Hong Kong’s intelligence services found dead in park
▼ + stars: | 2024-05-21 | by ( Sharon Braithwaite | ) edition.cnn.com time to read: +2 min

London CNN —A man charged by British police for allegedly spying for Hong Kong’s intelligence services, has been found dead in a park outside of London. Trickett had appeared alongside two other suspects at Westminster Magistrates’ Court on May 13, charged with national security offences. “Trickett was on court bail, awaiting court proceedings, which required him to register at a police station regularly,” the police said. Relations between Hong Kong and its former colonial ruler Britain have soured in recent years following mass pro-democracy protests in the Chinese city in 2019 and 2020. The British government has criticized Hong Kong’s Beijing-backed crackdown on almost all opposition in the years following the protests, while Hong Kong authorities have bristled at Britain providing a safe haven for pro-democracy leaders sought by the Hong Kong police.

Persons: Hong, Matthew Trickett, Trickett, “ Trickett, Trickett’s, John Lee, Hong Kong’s, Louisa Cieciora, Lee, Lucas Lilieholm, Chris Lau, Jerome Taylor Organizations: London CNN, British, London . Police, Thames, ’, The Times, Embassy, Hong, Hong Kong, Police, Hong Kong Economic, Trade Office, Economic, Trade Locations: London, Maidenhead , Berkshire, Sunday, Westminster, Hong Kong, Britain, Hong Kong’s Beijing

Hong Kong CNN —Hong Kong’s leader responded on Tuesday after three people were charged by British police for allegedly spying on behalf of the city’s intelligence services. Relations between Hong Kong and its former colonial ruler Britain have soured in recent years following mass pro-democracy protests in the Chinese city in 2019 and 2020. The British government has criticized Hong Kong’s Beijing-backed crackdown on almost all opposition in the years following the protests, while Hong Kong authorities have bristled at Britain providing a safe haven for pro-democracy leaders sought by the Hong Kong police. Hong Kong leader Lee noted in his Tuesday news conference that one of the men charged was the office manager of the Hong Kong Economic and Trade Office in London but did not directly address a question over whether it was involved in surveillance of Hong Kong dissidents in the UK. Hong Kong Chief Executive John Lee is speaking at a press conference on April 30, 2024.

Persons: Hong, Chi Leung, Peter, Wai, Matthew Trickett, Chung Biu Yuen, Hong Kong’s, John Lee, ” Lee, Chi Leung Wai, Yui Mok, Jonathan Brady, Yuen, Louisa Cieciora, Lee, Vernon Yuen, ”, Dominic Murphy Organizations: Hong Kong CNN, British, Hong, city’s Metropolitan Police, Hong Kong, Embassy, Westminster Magistrates, Administrative, Police, Hong Kong Economic, Trade Office, . Hong, Economic, Trade, Metropolitan Police, UK National Security, Crown Prosecution Service, Command, Met Police Locations: Hong Kong, Westminster, London, city’s, Britain, Hong Kong’s Beijing, . Hong Kong, England

☆ Tesla to cut prices on some Model 3, Model Y in HK -media
▼ + stars: | 2023-07-31 | by ( ) www.reuters.com time to read: 1 min

Companies Tesla Inc FollowBEIJING, July 31 (Reuters) - U.S. automaker Tesla (TSLA.O) is set to cut prices on multiple variants of its Model 3 and Model Y vehicles in Hong Kong from Aug. 4, Hong Kong Economic Times reported on Monday. The discounts would range from 6% to 11.9%, according to the report. Reporting by Beijing NewsroomOur Standards: The Thomson Reuters Trust Principles.

Persons: Tesla Organizations: Tesla Inc, BEIJING, U.S, Hong Kong Economic Times, Beijing, Thomson Locations: Hong Kong

☆ Hong Kong: National security warning now a part of land sales
▼ + stars: | 2023-02-15 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —Hong Kong real estate is the most expensive in the world, but it wasn’t eye watering prices that took investors by surprise this week. Hong Kong authorities have repeatedly claimed the law has restored order and stability after the city’s 2019 anti-government, pro-democracy protests. Lee said the legal provision is “an obvious thing” for Hong Kong to add to safeguard national security. “Safeguarding national security is the shared responsibility of the entire Hong Kong society,” it said. Developers and investors bidding on land sales are not normally involved in activities that violate the national security law, she said.

☆ Hong Kong adds security law clauses to land sales, property stocks drop
▼ + stars: | 2023-02-13 | by ( ) www.reuters.com time to read: +3 min

"Safeguarding national security is the shared responsibility by the entire Hong Kong society," the Development Bureau told Reuters, confirming the media report. Hong Kong Economic Times reported that Hong Kong authorities began to include applicable provisions of the National Security Law in the terms of land sales and short-term leases in the Asia financial hub. That sent Hong Kong property stocks index (.HSNP) down as much as 4.9% to the lowest in six weeks, compared to a 0.1% slip in the benchmark Hang Seng Index (.HSI). "It suggests that developers will be even more cautious in putting a bid in land sale," said Steven Leung, a sales director at UOB Kay Hian. Hong Kong and Chinese authorities say it is necessary to restore stability after anti-government protests in 2019.

☆ After spending time in Japan and briefly appearing in Thailand, Jack Ma's now resurfaced in Hong Kong, where he's reportedly meeting with finance execs
▼ + stars: | 2023-01-20 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +2 min

This time he's in Hong Kong, meeting financial executives. He has kept a low profile and evaded public view since he ran afoul of Chinese authorities in 2020. He has now resurfaced again, and was seen in Hong Kong, meeting with financial executives, per a Friday report by the Hong Kong Economic Times. The news of his resurfacing in Hong Kong comes just weeks after Ant Group said Ma would be giving up control of his company. The speech angered Chinese authorities, brought scrutiny to his company and eventually led to a wide regulatory crackdown on Chinese tech companies.

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