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4 mentions found


☆ Geopolitics is the biggest challenge for Hong Kong: Economist
  + stars: | 2024-10-17 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGeopolitics is the biggest challenge for Hong Kong: EconomistLe Xia, Chief Economist for Asia-Pacific at BBVA, discusses Hong Kong Chief Executive John Lee's annual policy address, saying greater access to fund flows and lower interest rates will be positive for the economy.
Persons: Le Xia, John Lee's Organizations: Hong Kong, BBVA Locations: Hong, Asia, Pacific
☆ Hong Kong leader asks Beijing to rule on 'blanket ban' on foreign lawyers in national security cases
  + stars: | 2022-11-28 | by ( James Pomfret Greg Torode | James Pomfret | Greg Torode | ) www.reuters.com   time to read: +4 min
But Hong Kong's Court of Final Appeal (CFA) on Monday gave a final ruling on the matter, rejecting the government's application to impose a "blanket ban" on foreign lawyers working on national security cases, bar exceptional circumstances. Lai is one of the most prominent Hong Kong critics of China's Communist Party leadership including Xi Jinping, and Hong Kong's Department of Justice made repeated attempts to block Owen from representing him. SWEEPING NATIONAL SECURITY LAWLee also said there was no means of ensuring a foreign lawyer would not divulge state secrets that might emerge during a national security trial. Beijing imposed the sweeping national security law on Hong Kong in June 2020 after sometimes-violent protests rocked the city for months the year before. Beijing's power of ultimate legal interpretation is outlined in the Basic Law, the mini-constitution that grants extensive Hong Kong autonomy and freedoms.
☆ Hong Kong’s steep slide shows misplaced priorities
  + stars: | 2022-11-01 | by ( Robyn Mak | Thomson Reuters | Robyn Mak Joined Reuters Breakingviews In Previously | ) www.reuters.com   time to read: +3 min
HONG KONG, Nov 1 (Reuters Breakingviews) - Hong Kong’s third-quarter GDP plunged 4.5% from a year earlier as consumers and companies slashed spending. The government is trying to rally enthusiasm for its finance sector - as signaled by the flagship Fintech Week and Global Financial Leaders Investment Summit events happening this week. Beijing's commitment to stamping out Covid-19 infections on the mainland has halted vital flows of tourists and business people to Hong Kong. Moreover, Hong Kong's currency peg to the U.S. dollar means it must follow the U.S. Federal Reserve's rate hikes even though its inflation rate is less than half that in the United States. "Looking ahead, the markedly deteriorating external environment will continue to pose immense pressure on Hong Kong's export performance in the remainder of the year," the city government said.
☆ Hong Kong's Covid restrictions could be eased further next month, says official
  + stars: | 2022-09-26 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHong Kong's Covid restrictions could be eased further next month, says officialRegina Ip, convenor of the Hong Kong Executive Council, says she expects that Chief Executive John Lee's policy address in October will provide "good news."
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