hong kong

Germany grants asylum to 2 Hong Kong pro-democracy activists  

Germany has granted asylum to two Hong Kong activists in a sign of growing concern over how dissent is dealt with in the territory. In interviews with The Wall Street … Click to Continue »

Hong Kong raises $1 billion in oversubscribed first green bond   -4%

Hong Kong raised $1 billion from the sale of its first green bond on Wednesday, as the former British colony looks to establish itself as a center for green finance.

Hong Kong activists secure refugee status in Germany   12%

Germany has granted refugee status to two Hong Kong activists facing rioting charges at home, they said on Wednesday, apparently the first time Germany has acknowledged such status for democracy campaigners from the Chinese-ruled city.

The WhatsApp spyware story tells us that nothing is secure | John Naughton  

The attack on the messaging app showed us spying is a thriving business

When Edward Snowden broke cover in the summer of 2013 and a team of Guardian journalists met up with him in his Hong Kong hotel, he insisted not only that they switch off their mobile phones but also that they put the devices into a fridge. This precaution suggested that Snowden had some special insight into the hacking powers of the NSA, specifically that the agency had developed techniques for covertly taking over a mobile phone and using it as a tracking and recording device. To anyone familiar with the capabilities of agencies such as the NSA or GCHQ, this seemed plausible. And in fact, some years later, such capabilities were explicitly deemed necessary and permissible (as “equipment interference”) in the Investigatory Powers Act 2016.

When Snowden was talking to the reporters in Hong Kong, WhatsApp was a four-year-old startup with an honest business model (people paid for the app), about 200m active users and a valuation of $1.5bn. In February 2014, Facebook bought the company for $19bn and everything changed. WhatsApp grew exponentially to its present ubiquity: it has more than 1.5 billion users and has spread like a rash over the entire planet.

Continue reading...

Germany grants asylum to two Hong Kong pro-democracy activists  

Two pro-democracy activists from Hong Kong have sought and secured refugee status in Germany. The decision shows concern that Beijing is limiting rights in semi-autonomous Hong Kong.

Top Chinese official Wang Yang tells Hong Kong business delegation to prepare for lengthy trade war with US but to join forces with mainland enterprises   5%

The head of China’s top political advisory body has told a Hong Kong business delegation in Beijing to be ready for a protracted trade war and expressed hopes local firms can join hands with mainland Chinese enterprises to “go abroad” for development.The remarks on Wednesday by Wang Yang, the country’s No 4 official and chairman of the Chinese People’s Political Consultative Conference, followed President Xi Jinping’s call on Monday for the nation to embark on a “new Long March”, in a sign that…

Naked woman flees jealous boyfriend into street in Hong Kongs Tai Po district, arrest follows  

A naked woman on Wednesday ran out of a public housing building in northern Hong Kong to seek help after a fight with her live-in boyfriend.The woman, 25, was taking a bath in a third-floor flat in Tai Yee House at Tai Yuen Estate on Ting Kok Road, Tai Po, soon after 10.30am when the dispute erupted.An initial police investigation found that the fight with her 36-year-old boyfriend started with an argument over their relationship. No weapons were used in the confrontation.A police source said…

Hong Kongs Equal Opportunities Commission to study complaints about Wu Chi-wai, who yelled profanity at Chief Executive Carrie Lam   3%

Hong Kong’s discrimination watchdog has promised to look into complaints against a democratic lawmaker who recentlyshouted a profanity at the city’s chief executive.The pledge on Wednesday marked a reversal by the Equal Opportunities Commission (EOC), which last week cleared Democratic Party leader Wu Chi-wai of breaching the Sex Discrimination Ordinance.The EOC said at the time that Wu’s vulgar outburst was not covered by the ordinance so it could not take action against him. The group said,…

Access to audit papers state secrets of mainland companies to help Hong Kong regulators investigations  

Hong Kong’s accounting regulator will get access to audit papers of mainland companies, considered as “state secrets” in a landmark agreement, which will assist in nine ongoing investigations.Under the memorandum of understanding between the Financial Reporting Council (FRC), the regulator for auditors of listed companies in Hong Kong and a unit of China’s Ministry of Finance, the FRC can request the ministry to get access to the auditor’s papers in the mainland to help with its investigations…

Inmates must work in pairs when cleaning areas in security camera blind spots, Hong Kong Coroners Court rules, after man facing rape charge hanged himself   -50%

The Coroner’s Court on Wednesday recommended inmates detained in Hong Kong’s correctional facilities be made to work in pairs when cleaning areas in security camera blind spots after a man hanged himself two years ago.The jury’s recommendation concluded an inquest into the death of Lam Lok-man, 28, who was found hanging from a bedsheet tied to the window frame of a staff toilet at Lai Chi Kok Reception Centre on July 10, 2017.He died two days later at Caritas Medical Centre, with the cause of…

Five-year-high turnout expected at Hong Kong vigil to mark 30th anniversary of Tiananmen crackdown as contentious extradition bill adds fuel to fire   27%

Organisers of the upcoming candlelight vigil in Hong Kong to mark the 30th anniversary of the Tiananmen Square crackdown in Beijing expect a five-year-high turnout of more than 180,0000 people.This year, a local issue – the government’s controversial extradition bill – will also be covered at the annual event, to be held on June 4 in Victoria Park, according to the organiser, the Hong Kong Alliance in Support of Patriotic Democratic Movements of China.Alliance vice-chairman Lee Cheuk-yan said…

Great Eagle matriarch loses battle for control of one of Hong Kongs richest real estate clans as court sides with family trust manager HSBC   25%

A Hong Kong court on Wednesday ruled against the matriarch of Great Eagle, one of the city’s richest real estate clans, in her bid to prevent some of her children from taking control of the family conglomerate.The Court of First Instance ruled against Lo To Lee-kwan, 99, who launched the legal action in 2016 against HSBC International Trustee, manager of a family trust that held the majority shares in the Hong Kong-listed Great Eagle Holdings.She wanted the trust manager removed because she…

Philippines demands Hong Kong explain grilling of former official who accused President Xi Jinping of crimes against humanity at International Criminal Court   15%

The Philippines wants a full explanation why a former Supreme Court associate justice, a staunch critic of President Xi Jinping, was detained at Hong Kong’s airport for three hours on Tuesday.Germina Aguilar-Usudan, deputy consul general in Hong Kong, said on Wednesday she understood every government had the discretion to grant or deny visitors entry to its soil, but she needed answers as to why Conchita Carpio-Morales was held for questioning before she was let in.“The immigration department…

Hong Kong extradition bill: citys leader hints that only requests from Chinas top court or prosecutor will be accepted   18%

Hong Kong’s leader has dropped the strongest hint yet that extradition requests from mainland China will only be accepted if made by the country’s top court or prosecutor’s office, in a bid to present a controversial bill that would be more palatable to a jittery public.During a question and answer session at the Legislative Council on Wednesday, Chief Executive Carrie Lam Cheng Yuet-ngor also accused opposition lawmakers of double-standards.“If the central government says something it is…

Hong Kong National Party waives right to legally challenge ban, paving way for more government crackdowns on independence groups   27%

An outlawed separatist party in Hong Kong has waived its right to legally challenge an unprecedented ban, a move that could embolden the government in future crackdowns on pro-independence groups in the city.The Hong Kong National Party’s decision came as Tony Chung Hon-lam, a member of another independence group, Studentlocalism, was arrested on Wednesday morning for criminal damage of a national flag during a protest at the Legislative Council complex on May 14.HKNP said it had little faith…

Celebrity Hong Kong tutor Kris Lau gets more time to prepare defence in bribery trial after prosecutors withdraw one-size-fits-all charge  

Lawyers defending a celebrity English tutor accused of bribing a former marking assistant for confidential Hong Kong examination information have been granted more time to prepare their case, after prosecutors withdrew a contentious charge against the pair.Kris Lau Koon-wah, 43, and Seraph Wong Tsz-hin, 19, a student who previously worked as a marking assistant with the Hong Kong Examinations and Assessment Authority, were originally accused of accessing a computer with dishonest intent.But…

Singapore, Bangalore beat Hong Kong in Deutsche Banks worldwide quality-of-life poll. Beijing is in second-last position   -20%

Hong Kong has been ranked 44th out of 56 cities for its quality of life, in a survey released by Deutsche Bank on Monday. It ranked behind Asian peers Tokyo (14), Singapore (23), Seoul (29) and Bangalore (33) in the “Mapping the World’s Prices 2019” poll, but was ahead of Beijing, which came in at 55th, just ahead of Lagos in Nigeria.In its eighth year, the survey has ranked cities on the basis of prices of goods and services to shine a light on incomes and purchasing power, safety, health care…

Stocks Blog: China stocks end down over fears US-China trade war is escalating   21%

Good day, traders. Mainland stocks ended down while Hong Kong held on to skimpy gains.  As for those rare-earth stocks, well, a lot of traders bagged their profits and ran. Catch up on the action below. Please send any questions about markets to deb.price@scmp.com . -- Yujing Liu and Deb Price in Hong Kong

Debt-ridden HMV mulls big liquidation sale of CDs, DVDs in Hong Kong after potential buyers walk away   10%

HMV may hold a huge liquidation sale in Hong Kong with tens of thousands of discounted CDs, records and DVDs up for grabs after two potential buyers decided to walk away from the bankrupt music giant, according to its liquidator.Several would-be buyers had been gearing up to act as white knights by acquiring the 25-year old Hong Kong arm of the iconic music vendor after it went into provisional liquidation in December, said Wong Sun-keung, a partner at accounting firm Vision AS.“Two potential…

Has Hong Kong, the most expensive property market globally, found a solution in co-living? One firm hopes so   24%

The co-living phenomenon is catching on fast in Hong Kong, the world’s most expensive property market, generating higher rents and attracting greater investment in the process.There are 1,600 beds available in the city currently, according to JLL, higher than a forecast of 1,200 beds between 2015 and 2020, with rents ranging from HK$2,700 (US$344) to HK$27,700.And supply is set to grow, with Hong Kong-based real estate fund Arch Capital Management Company the latest firm to hitch its wagon to…

Stocks Blog: China markets gain while Hong Kong slides in trade war storm   28%

Good day, traders. Markets in China were up, boosted by a sudden passion for rare earth-linked stocks, but Hong Kong struggled.  Catch up on the day's action below, including the eye-watering 108 per cent gain by Hong Kong-traded China Rare Earth Holdings. Please send any questions you have to deb.price@scmp.com . -- Yujing Liu and Deb Price in Hong Kong

Hong Kong stocks fall to lowest level since January as trade war weighs down risk appetite   23%

Hong Kong stocks declined on Monday to the lowest level in almost four months while shares in China also dropped, as risk appetite remained low amid protracted trade tensions between China and the US.The Hang Seng Index closed 0.6 per cent lower at 27,787.61, the lowest level since January 30. The benchmark rose as much as 9 per cent since the end of January to an April high, but has since given up all the gains as the return of trade tensions prompted weeks of sell-off.In mainland China, the…

Global city or Chinese city? Hong Kong fears the balance is tipping  

A proposal to ease extraditions, including to mainland China, has prompted Hong Kong’s largest protests since the pro-democracy Umbrella Movement.

Boy or girl? Hong Kong at centre of banned China gender test   2%

Shady middle-men are openly advertising on Chinese social media to smuggle blood samples of pregnant women to Hong Kong to skirt the mainland's ban on gender testing, an AFP investigation has found.

In a Possible First for Hong Kong, Activists Wanted by Police Gain Protection in Germany  

The activists faced charges related to a 2016 street brawl. Germany’s move is a growing recognition of the erosion of individual freedoms in Hong Kong.