November 21, 2019

Hong Kong protests

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Update from SCMP Hardcore mobs upped their violent game when they took over tertiary campuses last week, as bureaucrats came under fire for doing little and the police warned the city was on the brink of total breakdown. In the north, radicals occupying Chinese University took over the Tolo Highway. At Polytechnic University, they have shut down […]

Halloween and Hong Kong’s Hannibal Lecter who bit off an ear

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By Zuraidah Ibrahim From South China Morning Post Halloween celebrations in Hong Kong took a dark turn last week as its entertainment district of Lan Kwai Fong became the site of tense standoffs between police and protesters testing the reviled anti-mask law. The mood was anything but festive as tear gas was fired nearby and pepper spray used […]

Cayman ‘Economic Substance’ crackdown impacting HK Hedge Funds

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By Elizabeth Beattie From Asian Legal Business The Cayman Islands’ new Economic Substance Law, which targets multinational using strategically placed subsidies to lessen taxation, is impacting Hong Kong hedge funds, according to lawyers the legislation, which came into force in this year after concerns were expressed by the European Union, targets large companies that move […]

Hong Kong equity markets calm as recession looms

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From Gulf Times Bloomberg/Hong kong The economy is heading for a recession, violent protests show no sign of easing and yet Hong Kong’s financial markets are enjoying an unusual period of calm. A gauge of Hang Seng Index volatility has fallen more than 20% this month to the lowest level since mid-July, while the local […]

The Editor speaks: OfReg goes to Hong Kong

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Why on earth it needed outside consultants to work on the assessment of our fuel market is quite beyond me. However, I obviously know nothing except the price we pay for fuel here is HIGH! In the press release we published yesterday (Tuesday) OfReg announced: “The winning bidder of the formal Request for Proposal to […]

Hong Kong protests: was police officer justified in opening fire on protester with live round?

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By Jeffie Lam, Sum Lok-kel, Kanis Leung From South China Morning Post Ex-member of police watchdog defends riot officer who discharged revolver at teenage demonstrator during National Day violence Civil rights campaigners suggest review of police procedures as they challenge officer’s decision to open fire Should the police officer who shot a young protester point […]

Meet the invisible Hong Kong taxi drivers risking danger to help anti-government protesters escape police – for free

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By Cannix Yau From South China Morning Post Some ‘protest drivers’ say they help because they can’t be at the front lines themselves – others because they feel sympathy for demonstrators after seeing too much violence on nightly news ‘I was stunned by their resolve,’ one driver says, ‘I swore to them I would do […]

Hong Kong leader Carrie Lam to withdraw extradition bill

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From BBC Hong Kong leader Carrie Lam has said she will withdraw the highly controversial extradition bill which has triggered months of protests. The proposal, introduced in April, would have allowed criminal suspects to be extradited to mainland China. The bill was suspended in June but Ms Lam stopped short of scrapping it. Full withdrawal […]

A big funding round for Boll & Branch, and more

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By Anthony Ha From TechCrunch 1. Bedding startup Boll & Branch raises $100M The company sells sustainably sourced sheets, pillows, mattresses and towels. Until now, it had only raised $12 million in outside capital. This new funding comes from L Catterton. CEO Scott Tannen compared Boll & Branch to the firm’s previous investments The Honest Company […]

Police officer fires gun, water cannon used for first time on protesters in Hong Kong

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From South China Morning Post At least one warning shot was fired after three officers were chased and beaten by club-wielding demonstrators in Tsuen Wan Crowd-control vehicles brought in after bricks and petrol bombs thrown A gunshot was fired on Sunday and water cannon were deployed for the first time in Hong Kong’s increasingly violent […]