Canada calling? Hong Kong residents shift billions abroad after clampdown

2/2 © Reuters. FILE PHOTO: New Hong Kong Supermarket in Richmond 2/2 By Sarah Wu and Nichola Saminather TORONTO (Reuters) – As China imposed a sweeping national security law in Hong Kong last year after massive protests, residents of the city moved tens of billions of dollars across the globe to Canada, where thousands are […]

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Hong Kong activist warns West to shun Chinese technology ties

2/2 © Reuters. Exiled Hong Kong pro-democracy activist Nathan Law is seen outside the Italian Foreign Ministry in Rome 2/2 ROME (Reuters) – Chinese businesses like Huawei Technologies Co pose a threat to the West, Hong Kong pro-democracy activist Nathan Law said on a visit to Italy on Tuesday, shortly before the Italian foreign minister […]

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EU to limit tech exports to Hong Kong after Chinese clampdown

© Reuters. BRUSSELS (Reuters) – The European Union will limit technology exports to Hong Kong that may be used for repression or surveillance, an EU draft document seen by Reuters said, in the bloc’s first concrete reaction to the Chinese security clampdown on the territory. Expressing “grave concern” for a sweeping national security law imposed […]

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Hong Kong national security laws shouldn’t harm banks’ operations, regulator says

© Reuters. Ashley Ian Alder, Chief Executive Officer of Securities and Futures Commission and Chairman of the Board of International Organization of Securities Commissions, attends the Asian Financial Forum in Hong Kong By Scott Murdoch HONG KONG (Reuters) – Hong Kong’s capital markets regulator sought on Sunday to reassure global banks in the city that […]

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Explainer: Dollar peg is critical to Hong Kong amid U.S. threats, China worries

© Reuters. Illustration photo of a Hong Kong dollar note By Noah Sin HONG KONG (Reuters) – China’s national security law for Hong Kong and moves by the United States to begin withdrawing privileges enjoyed by the city under U.S. law have unsettled investors. They have also raised fears about the stability of the Hong […]

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China has opened a new national security agency office in Hong Kong

China state media, Xinhua, reporting China’s passing of the security law has prompted consternation in the US, UK, Australia and more. The rifts between China and such countries is deepening as tensions rise.  This from earlier, for example: For bank trade ideas, check out eFX Plus Let’s block ads! (Why?) Forexlive RSS Breaking news feed

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US Senate Approves Another Hong Kong Related Bill, Sparking Concerns About US-China Relations

The US Senate unanimously approved a bill on Thursday on sanctions against banks doing business with Chinese officials who are introducing Beijing’s new tough national security law in Hong Kong. Now the document will be sent to the White House for signature by President Donald Trump. The bill also met no resistance in the House […]

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Asian stocks set to track U.S. gains but Hong Kong jitters weigh

By Imani Moise NEW YORK (Reuters) – Asian stocks were set to track Wall Street gains on Thursday as investors cheered signs the global economy was emerging from its coronavirus hibernation although trade is likely to be choppy as fresh concerns about Hong Kong keep investors cautious. Also adding to market apprehension is June U.S. […]

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U.S. Commerce chief: Firms may rethink Hong Kong offices after China security law

© Reuters. FILE PHOTO: U.S. President Trump visits Fincantieri Marinette Marine in Marinette, Wisconsin WASHINGTON (Reuters) – Companies with headquarters in Hong Kong may now rethink having those offices as China begins cracking down on protesters under Beijing’s sweeping new security law, the U.S. commerce secretary said on Wednesday. “I believe that there’s a good […]

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