Licensed bank in hong kong

The last edition of Hong Kong's Apple Daily sold out all one million copies within hours of hitting newsstands Thursday. The paper was the last remaining pro-democracy publication in Hong Kong, and its closure further restricts the autonomy of the metropolis from mainland China, the Associated Press reported. The Apple Daily had become a critic of efforts by Chinese and Hong Kong authorities to restrict certain freedoms maintained in Hong Kong. People began waiting early Thursday morning to buy the last edition, and all copies were sold out by 8:30 a.m., according to the Associated Press. The publication had to close its doors after police suspended $2.3 million of assets, arrested five prominent editors and executives last week and searched the Apple Daily office on allegations that the paper was a threat to national security. "This is our last day, and last edition, does this reflect the reality that Hong Kong has started to lose its press freedom and freedom of …

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Former Hong Kong pro-democracy lawmaker and activist Ted Hui Chi-fung said he had relocated to Australia where he would continue campaigning against the Chinese Communist Party The 38-year-old fled Hong Kong for Europe in December while he was free on bail on protest-related charges. Hui on Wednesday thanked the Australian government for intervening so that he was allowed to travel from London to Australia this week on a flight that was repatriating Australian citizens. Australia has limited the pandemic spread by denying permission for most people who are not Australian citizens or residents to enter the country. “Honestly, it’s very hard to get here because of the border closure,” Hui told Australian Broadcasting Corp. “I actually couldn’t get any flights on the commercial market so I had to ask the Australian government for assistance and they were so kind for facilitating situations and they put me on the list and gave me the eligibility so that I could …

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Residents in Hong Kong are concerned as authorities have quarantined three districts due to a mutated strain of coronavirus, the South China Morning Post (SCMP) reported on Wednesday. Six COVID-19 cases were confirmed in Hong Kong, with two domestic workers infected with the mutated N501Y strain , prompting local health experts to warn the variant of COVID-19 could spread across the region. “The two [domestic workers] appear to be friends who work in different districts but travelled to other places to eat together during their infectious period. Could there be a transmission chain there? The biggest worry is if a superspreader cluster appears, then things would get out of hand,” University of Hong Kong microbiologist Dr Ho Pak-leung said on Wednesday. © REUTERS / THOMAS PETER China Passes 275 Million COVID-19 Vaccine Shots Mark as Campaign Hits 10 Million Per Day Three cases from Nepal were also recorded, with total cases in Hong Kong reaching 11,796 …

[Read more...] about Hundreds of Hong Kong Residents Quarantined As Health Experts Warn Of Mutant COVID-19 Variant Cases

N OT LONG ago the conventional wisdom was that China would do whatever it took to save its biggest companies from failing. Times have changed. Three corporate giants—Evergrande, the country’s biggest property developer; Huarong, its biggest investor in bad bank assets; and Suning, a retail giant—are all suffering from financial distress. Enjoy more audio and podcasts on iOS Android . The three firms’ long rush to expand has collided with slower growth, tighter credit and stricter regulatory scrutiny. Their bonds are trading at discounts of roughly 25% to face value, showing that investors have priced in a significant chance that they will default. People in the financial industry are debating whether the government really will let them fail. An analyst with a large asset manager that holds Huarong bonds says his firm believes the state will eventually rescue the “bad bank”, given how integral it is to cleaning up non-performing loans in the financial system. A former …

[Read more...] about Three corporate giants are posing a stiff test for Chinese banks

Godzilla Vs Kong (12A) 113mins ★★★★☆ GIANT gorilla King Kong and lizard-on-steroids Godzilla are back for another epic amphibian versus primate bonanza. But nearly 60 years on from when they squared up for their first B-movie fray (1962’s King Kong Vs Godzilla), our combatting creatures now have an A-list budget. The result is a gleefully OTT monster melée that really delivers. The fourth film in the MonsterVerse series (and a sequel to both 2017’s Kong: Skull Island and 2019’s Godzilla: King Of The Monsters), we meet Kong in downtime mode enjoying a relaxing waterfall shower. JOYOUS CGI CARNAGE Living in leisurely captivity on Skull Island, he is watched over by anthropologist Dr Ilene Andrews (Rebecca Hall) and her adopted, hearing-impaired daughter Jia, who has secretly taught the oversized ape to communicate via sign language — and with shades of E.T., he wants to go home. Back in Florida, for reasons that remain hazy, rampaging reptile Godzilla has …

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On the morning of July 1, 2020, newsstands across Hong Kong had a conspicuously uniform appearance. At least eight major papers carried identical front-page advertisements: a cerulean-shaded photo of uniformed officials standing below the Chinese and Hong Kong flags with the city’s harbor in the background. The image was overlaid with lines of white text triumphantly welcoming the arrival of a sweeping national-security law enacted the night before. Just one paper looked different, breaking from the monotonous propaganda. Apple Daily , Hong Kong’s brash tabloid, offered a take that better captured both the feelings of many city residents and the reality of the situation. “Draconian law takes effect,” the paper’s front-page headline read . “One country, two systems dead.” Inflammatory and sensationalist, racy and unabashedly prodemocracy, Apple Daily pushed the limits of respectable reporting and at times disavowed them entirely. But, for its many flaws, it was also a formidable …

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Published 4 hours ago comments Comments Share close Share page Copy link About sharing Related Topics Coronavirus pandemic Cathay Pacific has told its aircrew that they must get a Covid vaccination by 31 August or risk losing their jobs. The airline said staff rostering has become "difficult and complicated" because of a need to segregate vaccinated and non-vaccinated crew. Cathay Pacific said it could, in the "short-term", accommodate those employees not able to take the vaccine. But it said: "We will review the future employment of those who are unable to become vaccinated." The carrier added that it would "assess whether they can continue to be employed as aircrew". The Hong Kong-based airline said that 90% of its pilots and 65% of its cabin crew have been vaccinated or have appointments to receive the injection. But it said it was "becoming clear …

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Published 7 January Share close Share page Copy link About sharing Related Topics US election 2020 World leaders have condemned violent scenes in Washington after supporters of US President Donald Trump stormed the Capitol building on Wednesday. The riot forced the suspension of a joint session of Congress to certify Joe Biden's electoral victory. Many leaders called for peace and an orderly transition of power, describing what happened as "horrifying" and an "attack on democracy". UK Prime Minister Boris Johnson condemned the "disgraceful scenes". "The United States stands for democracy around the world and it is now vital that there should be a peaceful and orderly transfer of power," he wrote on Twitter. Other UK politicians joined him in criticising the violence, with opposition leader Sir Keir Starmer calling it a "direct attack on democracy". Home Secretary …

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China has bitcoin by the throat. If Beijing wants the cryptocurrency to survive, it will survive. But if the Chinese authorities decides to kill it – perhaps because they fear it threatens their control over the financial system – they can do so. That is the lesson of the past few days. There has been much analysis of China ’s decision to regulate the market more closely and the banning of bitcoin mining in Sichuan province – but it is hard to pick out the signals from the noise. Bears, such as the famed author and mathematician Nicholas Taleb, feel that investors have underrated the power that governments have in controlling cryptocurrencies. In a paper published on Sunday he wrote: “By its very nature, bitcoin is open for all to see. The belief in one’s ability to hide one’s assets from the government with a public blockchain…not just read by the FBI but by people in their living room, requires a certain lack of financial seasoning and statistical …

[Read more...] about The future of Bitcoin will be determined by China – not the West

A spokesperson for the Chinese Foreign Ministry has warned Japan and the US against meddling in China's domestic affairs, warning that Beijing will take "all necessary measures to resolutely defend its sovereignty, security, and development interests". In a statement on Sunday, the spokesperson accused the two of "actually ganging up to form cliques and fanning bloc confrontation", adding that "this anachronistic move runs counter to the aspiration for peace, development, and cooperation shared by the overwhelming majority of countries in the region and beyond". The statement comes a few days after US President Joe Biden sat down with Japanese Prime Minister Yoshihide Suga in Washington to discuss an array of pressing issues, including those related to China's growing "assertiveness" on the global arena. During the Friday talks, the two specifically expressed concern over China's alleged military activity around a group of islands in the East China Sea . Tokyo-Beijing Row …

[Read more...] about China Accuses US, Japan of ‘Ganging Up’ Against Beijing