Breakingviews - Hong Kong puts business on notice with roundup

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Business in Hong Kong take notice: The city’s government has taken off its flimsy mask of moderation and arrested over 50 opposition candidates and an American lawyer in dawn raids. Banks and brokerage firms, the lucrative redoubt for financial professional expats, can mostly...

Pro-democracy activist Lester Shum is taken away by police officers after over 50 Hong Kong activists arrested under security law as crackdown intensifies, in Hong Kong, China January 6, 2021.

Hong Kong police say that opposition legislators, by holding an unauthorised primary last year and planning to stymie the policy agenda, were effectively trying to overthrow the government, violating a National Security Law that Beijing rammed into force in July. They have detained nearly all the candidates who stood for election in the primary, plus pollsters and organisers like U.S.

By removing resistance before delayed legislative elections, Lam has undermined claims that NSL enforcement would only impact a “minority of troublemakers”. The bulk of the pro-democracy camp faces charges that can imprison them for years; police say more arrests are coming. And her broad interpretation of what constitutes subversion or foreign collusion will force a rethink among the business community, domestic and foreign.

 

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What’s this about?!

Hopefully Hong-Kong will continue with the arrest of the American and British terrorist

'It was certainly a novel definition of subverting state power: aiming to win seats in an election.' China just fear losing election Fake democracy StandWithHongKong

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Hong Kong puts business on notice with roundupPolice arrested over 50 opposition candidates and a U.S. lawyer in dawn raids linked to an unofficial primary race. Banks and brokerages can mostly shrug it off, but for media and tech firms that host or transmit any exchange of ideas in the city it’s the dawn of a riskier era. petesweeneypro nice petesweeneypro But ESG petesweeneypro 50/7,000,000 = 0.000008%
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China’s Communist Party chips away at Hong Kong business housesFor decades the relationship between Hong Kong’s magnates and Beijing has hinged on the mutually beneficial “high-land-price policy”. This might be changing Can we go somewhere today? Residence, surrounding facilities, say transport, malls, markets, parking lots, etc., belong to large companies. The price of small shops can’t be compared w/ chain stores. Self-operated restaurants can’t afford expensive rent. Hong Kong people can only work for large companies. kerokero_HKer Hongkonger & our friends are under HumanitarianCrisis now :( Pls dont give up HK in this big crisis, HKer not surrender! Still fighting for justice, HumanRight & democracy! Dear world, StandWithHK! SOSHK FreeHK save12hkyouth HongKongNeedsHelp
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