Archive for May 29th, 2020

Asian shares mixed after Wall Street rally; HK lower

29-May-2020 Intellasia | AP | 6:02 AM

Asian stocks were mixed after an upbeat open on Thursday (May 28), as investors pinned their hopes on an economic rebound from the coronavirus crisis. Shares rose in Tokyo, [...] » More

US revokes HK special status as furor grows on China law

29-May-2020 Intellasia | AFP | 6:02 AM

The United States has revoked Hong Kong’s special status under US law, opening the way for the city to be stripped of trading privileges, as Washington accused China of [...] » More

Lawyers for gay homeowner call for his husband to be given equal treatment under HK’s inheritance laws

29-May-2020 Intellasia | South China Morning Post | 6:02 AM

Lawyers for a gay homeowner challenging Hong Kong’s inheritance laws have demanded equal treatment for their client, arguing that the current regime treats his husband [...] » More

China’s leaders ‘arrogant and aggressive’ over HK security law, EU politician says

29-May-2020 Intellasia | South China Morning Post | 6:02 AM

Beijing’s proposals for a national security law for Hong Kong are “aggressive and arrogant”, the head of the European Parliament department that handles [...] » More

HK is no longer autonomous from China, US determines, as Mike Pompeo makes certification that may mean sanctions

29-May-2020 Intellasia | South China Morning Post | 6:02 AM

In a huge blow to Hong Kong, the Trump administration informed the US Congress on Wednesday that the city is no longer suitably autonomous from China. The assessment is a [...] » More

China parliament approves plan to impose HK security law

29-May-2020 Intellasia | AFP | 6:02 AM

China’s parliament approved plans Thursday to impose a security law on Hong Kong that has ratcheted up tensions with the US and sparked new protests over fears the city [...] » More

Two Sessions 2020: national security law for HK a step closer after NPC endorses resolution

29-May-2020 Intellasia | South China Morning Post | 6:02 AM

China’s top legislature has endorsed a resolution authorising its Standing Committee to tailor-make a national security law for Hong Kong. Thursday afternoon’s [...] » More

Li & Fung delists from HK’s bourse after 28 years as supply chain manager is privatised while global trade roils

29-May-2020 Intellasia | South China Morning Post | 6:02 AM

The curtain came down on the publicly traded shares of Li & Fung Limited after 28 years on the Hong Kong stock exchange, as the century-old supply chain manager and [...] » More

China vows to hit back at US over any action on HK national security law

29-May-2020 Intellasia | South China Morning Post | 6:02 AM

China has again warned that it will retaliate against the United States if Washington takes action over Hong Kong this week. Chinese foreign ministry spokesman Zhao Lijian [...] » More

China prepared for international backlash over HK national security law

29-May-2020 Intellasia | South China Morning Post | 6:02 AM

Beijing is “prepared for the worst case scenario” of an international backlash following the Trump administration’s decision to certify that Hong Kong is no [...] » More

HK national security law: city awaits Trump’s response, casting shadow over long-term economic status

29-May-2020 Intellasia | South China Morning Post | 6:02 AM

Economists, diplomats and business figures were scrambling on Thursday to quantify the effect of Washington’s decision to deem Hong Kong “no longer [...] » More

US business to Trump: Go slowly on HK response

29-May-2020 Intellasia | Reuters | 6:02 AM

Business groups are urging US President Donald Trump to go slowly in responding to Bejing’s planned imposition of new national security laws on Hong Kong, warning [...] » More

In HK and beyond, China moves to consolidate position of strength as country emerges from pandemic

29-May-2020 Intellasia | CNN | 6:02 AM

Sometimes, the best time to act isn’t when you’re at your strongest, but when your rivals are weakest. As much of the world continues to reel from the coronavirus [...] » More

HK civil servants’ union willing to accept pay freeze amid gloomy economic picture

29-May-2020 Intellasia | South China Morning Post | 6:02 AM

A leading civil servants’ union in Hong Kong has offered to accept a pay freeze for the next few years as the official committee that studies the pay trend met on [...] » More

HK must choose ‘lesser of two evils’ US retaliation or foreign investment exodus due to unrest, former justice secretary says

29-May-2020 Intellasia | South China Morning Post | 6:02 AM

Hong Kong must choose “the lesser of two evils”, American retaliation or a foreign investment exodus from an “unstable society” that lacks a security [...] » More