Showing posts with label Hong Kong. Show all posts
Showing posts with label Hong Kong. Show all posts

Thursday, 14 December 2023

Hong Kong corporate governance tumbles to lowest in decades

 


14 Dec 2023, 11:28 am


(Dec 14): Hong Kong’s corporate governance ranking in Asia tumbled to the lowest level in decades, falling behind those of Japan and Singapore, amid concerns about the deterioration of minority shareholder rights and the independence of the judiciary in the city, according to a research report. 

The financial hub dropped to the sixth place this year from second, according to the Asian Corporate Governance Association’s CG Watch rankings. It’s the first time Hong Kong dropped out of the top three spots in the rankings since they began in 2003, according to the report, which was released with CLSA on Wednesday. 

The report marks the latest setback to Hong Kong’s efforts to revive its image as the region’s premier international finance centre. Banks have been eliminating jobs in the city amid a slump in deals, while the city’s benchmark Hang Seng Index is one of the worst performers among major bourses this year.   

Hong Kong’s introduction of a Beijing-led national security law and its crackdown on political activists have also eroded perceptions of the strength of its institutions and the free flow of information in the city, according to the report. 

“The independence of the judiciary and a stifling of the press and academia have also contributed to its current ranking,” the report said.

Hong Kong Chief Executive John Lee has repeatedly defended the merits of the security law, and government officials have balked at the idea that Hong Kong is losing its stature as an international hub.  

Meanwhile, Australia, which has ranked No 1 since 2016, kept its top spot. Japan jumped to No 2 for the first time since the study began, thanks to its “strong” government reforms and efforts by the local stock exchange to improve governance, according to the report.  

Singapore came third, tied with Taiwan, followed by Malaysia. 

Hong Kong corporate governance tumbles to lowest in decades (theedgemalaysia.com)


Tuesday, 4 July 2023

Hong Kong leader says 8 overseas activists will be 'pursued for life'

 Hong Kong police placed bounties on eight activists wanted for alleged national security offences.

04 Jul 2023 12:48PM

Chief Superintendent of Police (National Security) Li Kwai-wah speaks during a press conference to issue arrest warrants for eight activists, in Hong Kong on Jul 3, 2023. (Photo: REUTERS/Joyce Zhou)

HONG KONG: Hong Kong chief executive John Lee said on Tuesday (Jul 4) eight overseas-based Hong Kong activists who were issued with arrest warrants for alleged national security offences, would be "pursued for life".

"The only way to end their destiny of being an absconder who will be pursued for life is to surrender," Lee told reporters.

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.

The accused are activists Nathan Law, Anna Kwok and Finn Lau, former lawmakers Dennis Kwok and Ted Hui, lawyer and legal scholar Kevin Yam, unionist Mung Siu-tat, and online commentator Yuan Gong-yi.

The police also offered rewards of HK$1 million (US$127,656) for information leading to each possible arrest.

The activists are based in several countries, including the United States, Britain and Australia.

They are wanted under a national security law that Beijing imposed on Hong Kong in 2020.

The United States condemned the move through a US State Department spokesman, who said it set "a dangerous precedent that threatens the human rights and fundamental freedoms of people all over the world".

British Foreign Secretary James Cleverly said his government "will not tolerate any attempts by China to intimidate and silence individuals in the UK and overseas".

Both these countries have criticised the national security law for being used to suppress Hong Kong's pro-democracy movement.

Australian Foreign Minister Penny Wong said her government was "deeply disappointed" by the bounties.

"We have consistently expressed concerns about the broad application of the National Security Law to arrest or pressure pro-democracy figures and civil society," Wong said on Tuesday.

Chinese and Hong Kong authorities say the law has restored the stability necessary for preserving Hong Kong's economic success.

Asked about the criticism abroad, Hong Kong leader Lee replied that the city was not unique in having a national security law that was enforceable internationally.

"I'm not afraid of any political pressure that is put on us, because we do what we believe is right," Lee said Tuesday.

He added that authorities would continue to "monitor" the actions and behaviour of the eight while overseas, without giving specifics on how authorities would do this.

"We want them to know that we will not sit and do nothing," Lee said, who also appealed to members of the public to provide information on the activists.

The Inter-Parliamentary Alliance on China, a broad coalition of politicians around the world, said in a statement that the move "confirms fears of Hong Kongers abroad and represents a dangerous escalation in Beijing's global war on dissent".

It added that the HK$1 million "bounties" on the eight, could "exacerbate community tensions and are likely to precipitate unacceptable infringements of sovereignty", in the Western democracies where the activists are now based. 

https://www.channelnewsasia.com/business/eu-concerned-china-export-controls-metals-chips-3605341

US slams Hong Kong bounties as 'dangerous' precedent; China says UK offering 'protection to fugitives'


Saturday, 25 March 2023

New Zealand raises concerns with China on South China Sea, Taiwan

 New Zealand ... expressed concerns over the South China Sea and tensions in the Taiwan Strait ...

New Zealand Foreign Minister Nanaia Mahuta speaks during a session of the UN Human Rights Council, which voted to hold an urgent debate about Russia's deadly invasion of Ukraine at Kyiv's request, amid widespread international condemnation of Moscow's attack, in Geneva, Switzerland February 28, 2022. Fabrice Coffrini/Pool via REUTERS


SYDNEY, March 25 (Reuters) - New Zealand Foreign Affairs Minister Nanaia Mahuta said on Saturday she had expressed concerns over the South China Sea and tensions in the Taiwan Strait during talks with her Chinese counterpart at the end of a visit to Beijing.

Mahuta also said in a statement she "noted New Zealand’s deep concerns regarding the human rights situation in Xinjiang and the erosion of rights and freedoms in Hong Kong", during her meeting with Chinese Foreign Affairs Minister Qin Gang.

"Nanaia Mahuta expressed concerns over developments in the South China Sea and increasing tensions in the Taiwan Strait," the foreign minister's statement said.Mahuta said she reiterated New Zealand’s condemnation of Russia’s invasion of Ukraine. China is a key ally of Russia and both have criticised the U.S. and NATO for undermining global stability.

Mahuta arrived in China on Wednesday for the four-day trip, the first by a New Zealand minister since 2019, and also met China's top diplomat Wang Yi as well as business and women leaders.

Wang told Mahuta that China and New Zealand had always respected and trusted each other, according to a statement by the Chinese foreign ministry.

New Zealand has long been seen as the moderate voice on China in the Five Eyes intelligence-sharing alliance also involving the United States, Australia, Britain, and Canada. But New Zealand's tone on security and China's growing presence in the South Pacific toughened in the past year after China and the Solomon Islands struck a security pact.

New Zealand has consistently expressed concerns about the potential militarisation of the Pacific, amid China's military buildup in the South China Sea.

China views democratically governed Taiwan as its own territory and has never renounced the option of using force to take the island under its control, and claims a large part of the South China Sea.

Mahuta said the countries looked forward to resuming in-person dialogue on a range of issues following a gap of several years in face-to-face contacts.

She invited Qin to visit New Zealand, and also flagged a potential visit by New Zealand Prime Minister Chris Hipkins to China, perhaps this year. Hipkins became prime minister in January after Jacinda Ardern resigned.

Reporting by Sam McKeith; Editing by Stephen Coates

https://www.reuters.com/world/asia-pacific/new-zealand-raises-concerns-with-china-south-china-sea-taiwan-2023-03-25/

Thursday, 20 October 2022

Chinese diplomat says pulling hair of Hong Kong protester was his ‘duty’

A Chinese diplomat who was filmed pulling the hair of a Hong Kong pro-democracy protester on the grounds of his consulate ...

Updated 10:18 PM EDT, Thu October 20, 2022

Video shows scuffle outside Chinese consulate in Manchester

Hong KongCNN — 

A Chinese diplomat who was filmed pulling the hair of a Hong Kong pro-democracy protester on the grounds of his consulate in Manchester, England, has defended his actions – saying it was his “duty” to maintain China’s dignity.

“Any diplomat” would have done the same, Chinese Consul-General Zheng Xiyuan said on Wednesday when asked about video footage that has emerged of a group of men assaulting the protester.

The confrontation took place on Sunday, when a group of pro-democracy protesters turned up to the consulate with banners featuring satirical images of Chinese leader Xi Jinping. The demonstration coincided with the start of a key week-long meeting of the Chinese Communist Party elites in Beijing, at which Xi is widely expected to secure a norm-breaking third term as leader.

Video footage shows one of the pro-democracy protesters – since identified as Bob Chan – being dragged through the gate into the consulate grounds and being beaten by the group of men. It also shows Manchester police entering the consulate grounds to break up the violence.


Video of the incident show a Hong Kong protester beaten by a group of men on the grounds of the Manchester Chinese consulate on October 16.

In an interview with Sky News on Wednesday, Zheng defended his actions and those of his staff, claiming the pro-democracy protesters had incited the violence with “rude banners.”

“I didn’t beat anybody. I didn’t let my people beat anybody. The fact is, the so-called protesters beat my people,” Zheng said.

However, when the Sky News interviewer asked about an image showing him pulling Chan’s hair, Zheng seemed to concede he had been involved, saying: “Yeah, the man abused my country, my leader. I think it’s my duty.”

“To pull his hair?” the interviewer asked – to which Zheng responded, “Yeah!”

He added that he was maintaining the dignity of China and its people, and that “any diplomat” would have done the same in such a situation.



Protest banners bearing the image of Chinese leader Xi Jinping, outside the Chinese consulate in Manchester, England, on October 16.

In a letter to Manchester police on Thursday, Zheng insisted the consulate had been “respectful of the right to protest,” and claimed that the consular grounds had been “stormed” by protesters.

China’s Foreign Ministry has been quick to defend Zheng, describing the protesters as “harassers” who had illegally entered the Chinese consulate, “endangering the security of Chinese diplomatic premises.”

The incident now threatens to further damage UK-China relations, which have soured in recent years with disagreements over Hong Kong, a former British colony, a major point of contention.

On Tuesday, Britain’s foreign secretary summoned China’s second-most senior diplomat in the UK, Charge D’Affaires Yang Xiaoguang, to demand an explanation and express deep concern at the incident.

Manchester police have launched an investigation into the assault, but said on Wednesday that there had been no arrests so far, calling it a “complex and sensitive inquiry” that will take time.


‘I fear I may be silenced’


Speaking publicly at a news conference Wednesday, Bob Chan said he now feared for his safety, and that of his family – echoing fears voiced by other members of Britain’s Hong Kong diaspora.

He claimed he had been trying to stop consular staff from ripping down protest banners when they began to assault him.

“I held onto the gate where I was kicked and punched. I could not hold on for long and was eventually pulled into the grounds of the consulate,” Chan said.

“My hair was pulled and I felt punches and kicks from several men,” he said, adding the assault did not stop until a police officer pulled him back out through the consulate gate.



Hong Kong protester Bob Chan shows a photograph of his injuries at a news conference in London on October 19.

He showed photos of his injuries, saying he had bruises on his head, neck, back and around his eye. “I fear I may be silenced by the powers that be. I fear for the safety of my family,” he continued. “I’m shocked because I never thought something like this could happen in the UK.”

Britain is home to a large number of Hong Kong citizens, many of whom left the city after Beijing introduced a sweeping national security law in 2020. Under the law, protesters and activists have been jailed, newsrooms shut, civic society dismantled and formal political opposition effectively wiped out.

Hong Kong leaders have repeatedly claimed that the city’s freedoms remain intact, and that the law has restored order and stability after massive pro-democracy protests in 2019.

But the combination of China’s tightening grip on the city and its stringent Covid-19 restrictions have prompted an exodus from the city in recent years.

In August, Hong Kong logged its biggest population drop since official records began in 1961.


The Chinese consulate in Manchester on October 17, a day after a scuffle between Hong Kong protesters and Chinese consulate members of staff.

As the size of the Hong Kong diaspora has grown, and Beijing has become more assertive on the world stage, the UK-China relationship has also deteriorated – with British public sentiment souring as well, experts say.

“The Manchester incident reflected the hardening of UK attitudes toward China since the 2019 protests in Hong Kong and the resultant cooling of UK-China relations,” said Chi-kwan Mark, a senior lecturer in international history at the University of London, adding that it partly reflected “the intensified ideological clash between China and the West.”

And it has become a bipartisan issue, with members of both Britain’s Conservative and Labour Parties supporting “a hard-line approach to China,” he said.

In remarks to the UK’s House of Commons on Tuesday, Conservative lawmaker Alicia Kearns called the incident “a chilling escalation,” a sentiment echoed by Labour lawmaker Afzal Khan, who said: “The aggressive, intimidating tactics of the Chinese Communist Party have no place on the streets of my city or my country.”

“The British government … is under pressure to do something concerning China, and to stand up for Hong Kong,” Mark said – though he added that those authorities are now in the difficult position of having to “strike a balance between confrontation and engagement with China.”

https://edition.cnn.com/2022/10/20/uk/manchester-chinese-consulate-hong-kong-protester-intl-hnk/index.html


See also;

https://arisechina.blogspot.com/2022/10/hong-kong-protester-dragged-into.html

Monday, 17 October 2022

Hong Kong protester dragged into Manchester Chinese consulate grounds and beaten up

A Hong Kong pro-democracy protester was pulled into Chinese consulate grounds in Manchester on Sunday and beaten up.


17 October 2022   2 hours ago

Watch: Hong Kong protester attacked in China consulate grounds

A Hong Kong pro-democracy protester was pulled into Chinese consulate grounds in Manchester on Sunday and beaten up.

Unidentified men came out of the consulate and forced a man inside the compound, before he escaped with the help of police and other demonstrators.

The protester told the BBC: "They dragged me inside, they beat me up."

A consulate spokesperson said protesters had displayed an insulting portrait of China's president.

The Foreign Office said it was urgently seeking clarity on the incident. Greater Manchester Police has launched an investigation.

Speaking after the incident, the protester, called Bob, told BBC Chinese that "mainlanders" - people from mainland China, as opposed to Hong Kong - came out of the consulate and destroyed their posters.


"As we tried to stop them, they dragged me inside, they beat me up," he said, adding that he was then pulled out by the UK police.

"It's ridiculous. They [the attackers] shouldn't have done that. We are supposed to have freedom to say whatever we want here [in the UK]."

After the incident, the crowd remained angry. Protesters shouted at the men from the consulate and the British police, arguing they could have done more.

Consulate staff had previously asked the protesters to move to the opposite side of the street.

There were two police officers at the protest, but several more appeared within minutes of the altercation beginning.

They gathered at the gates of the compound trying to break up the fighting and move protesters back.

One police officer entered the consulate grounds and pulled the man who had been dragged inside back out.

At least eight men - some of whom were wearing helmets and protective vests - then returned to the consulate building.

The consulate is on UK soil, but cannot be entered without consent. Any offence committed on diplomatic premises is subject to UK law, but employees may hold diplomatic immunity.

Reacting on Twitter, former Conservative leader Iain Duncan Smith said the UK government should demand a full apology from the Chinese ambassador, and that those involved should be sent back to China.

The demonstrators was protesting as the Communist Party congress began in Beijing.

President Xi Jinping, who is set to secure a third term in power, said he had turned the situation in Hong Kong from "chaos to governance", referring to China's suppression of pro-democracy protests there.

A spokesperson for the consulate said the protesters had "hung an insulting portrait of the Chinese president at the main entrance".

"This would be intolerable and unacceptable for any diplomatic and consular missions of any country. Therefore, we condemn this deplorable act with strong indignation and firm opposition," the spokesperson added.

A spokesperson said Greater Manchester Police was aware of the incident.

"Officers were present and responded immediately to defuse the situation," they said.

"Enquiries are ongoing at this time to understand the full circumstances."



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