Tag: Hong Kong

Where Did All the Hong Kong Neon Go?

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It was never just about the neon, that Cubist, consumerist razzle-dazzle cantilevered over Hong Kong’s streets announcing pawnbrokers and mooncake bakers, saunas and shark’s fin soup shops. It was never just about the signs, shining on teahouses offering the finest Iron Goddess of Mercy brew and on hotels paid for by the hour, or on Chinese medicine emporiums bursting with wooden drawers of seahorses and on mahjong parlors clickety-clacking with manicured nails hitting hard tiles. Because while the government’s crackdown on the neon signs stems from safety and environmental concerns,…

‘It’s just a show’: Hong Kong voters likely to stay away as ‘patriots only’ local elections loom

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Years into a crackdown on opposition and dissent in Hong Kong, observers, experts and exiles say there is very little democratic participation left in the city. But the government is still pushing its own version. On Sunday the city will hold district council elections, and chief executive John Lee would very much like people to vote. Transport and museums will be free of charge as part of a “fun day” to promote the polls, which will include concerts and drone shows. Voters will receive a thank you card and a…

‘I’m concerned about my personal safety’: Hong Kong activist Agnes Chow speaks about life in exile

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In August this year Agnes Chow crossed into mainland China filled with fear. The young activist was in the company of five national security police, taking her from her home in Hong Kong, on what she says was a “propaganda tour” organised by authorities in return for her being allowed to study overseas. Police had told her the tour was mandatory if she wanted them to return her passport, which they’d confiscated years earlier as part of her bail conditions. Chow is a key figure in Hong Kong’s most significant…

China Evergrande Soared on the Property Boom. Here’s Why It Crashed.

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In January, more than 100 financial sleuths were dispatched to the Guangzhou headquarters of China Evergrande Group, a real estate giant that had defaulted a year earlier under $300 billion of debt. Its longtime auditor had just resigned, and a nation of home buyers had directed its ire at Evergrande. Police on watch for protesters stood guard outside the building, and the new team of auditors were issued permits to get in. After six months of work, the auditors reported that Evergrande had lost $81 billion over the prior two…

Agnes Chow, a Hong Kong Activist, Not Likely to Return from Canada

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Agnes Chow, a prominent pro-democracy activist in Hong Kong who was arrested as part of a sweeping crackdown, said that she has fled to Canada and planned to skip bail, in a bold challenge to the authorities. Ms. Chow had been arrested in 2020, along with several other dissidents, including the newspaper mogul Jimmy Lai, after Beijing imposed a national security law on Hong Kong to curb dissent. The authorities were investigating Ms. Chow on suspicion of collusion with external elements, a vaguely defined political crime that carries a maximum…

China Evergrande Gets Reprieve in Talks With Foreign Investors

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Once China’s most prolific property developer, China Evergrande has narrowly averted liquidation. A Hong Kong bankruptcy judge on Monday gave Evergrande another two months to work out a deal with foreign investors who lost money when the company defaulted two years ago with hundreds of billions of dollars in debt. The judge set another court hearing for Jan. 29. It was an unexpected development in a bankruptcy lawsuit filed 18 months ago by one investor trying to get paid by forcing the dismantling of Evergrande. The judge, Linda Chan, had…

China Evergrande May Finally Meet Its End in Hong Kong Court

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Once China’s most prolific property developer, China Evergrande may soon be its biggest and messiest corporate breakup. In a Hong Kong courtroom on Monday, a bankruptcy judge could force Evergrande to liquidate and pay back creditors who are owed tens of billions of dollars. It would mark an end to two years of limbo for investors who lent Evergrande money in Hong Kong and have tried to negotiate for a piece of the debt-saddled corporate behemoth that defaulted in early December 2021. A liquidation of Evergrande was once unimaginable. For…

Fears raised after Hong Kong journalist fails to return from China trip

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Friends and colleagues of a Hong Kong journalist have raised concerns after she failed to return from a defence and security forum in Beijing a month ago. Minnie Chan, a reporter for the South China Morning Post, has not been in contact since she went to the Xiangshan Forum, Japan’s Kyodo News reported on Thursday. Chan filed several stories from the forum, the most recent of which was published on 2 November. Kyodo News reported that her friends, whom it did not name, were concerned she was under investigation. The…

China influencing leading British universities, documentary claims

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Leading British universities have been influenced by Chinese agents, with diplomatic and unofficial pressure resulting in censorship on campus, according to a Channel 4 documentary. The Dispatches documentary, Secrets and Power: China in the UK, alleges that the University of Nottingham closed its School of Contemporary Chinese Studies in 2016 in response to pressure from Beijing. The former head of the institute, Prof Steve Tsang, has openly criticised the Chinese Communist party (CCP) on several occasions, but said that university management asked him not to speak to the media during…

Gold Bars and Tokyo Apartments: How Money Is Flowing Out of China.

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Affluent Chinese have moved hundreds of billions of dollars out of the country this year, seizing on the end of Covid precautions that had almost completely sealed China’s borders for nearly three years. They are using their savings to buy overseas apartments, stocks and insurance policies. Able to fly again to Tokyo, London and New York, Chinese travelers have bought apartments in Japan and poured money into accounts in the United States or Europe that pay higher interest than in China, where rates are low and falling. The outbound shift…