MPs urge Liverpool FC to cut ties with Standard Chartered over support for Hong Kong security law July 31, 2022 MPs have urged Liverpool football club to break its sponsorship deal with Standard Chartered over the the bank’s past support for a draconian national security law in Hong Kong. In a letter to Billy Hogan, the football team’s CEO, MPs and peers from the All-Party Parliamentary Group on Hong Kong highlighted that following mounting authoritarianism [...]
Exclusive: Pro-democracy activist Nathan Law labels HSBC a ‘cheerleader’ for Chinese Communist Party July 27, 2022 HSBC is “cheerleading” for the Chinese Communist Party’s (CCP) campaign to strip away Hong Kongers’ human rights, Nathan Law, a pro-democracy activist, told City A.M. today. Law, a former member of Hong Kong’s parliament, accused Britain’s largest lender of putting profits ahead of taking a stand against Beijing eroding the city’s citizens’ freedoms through the [...]
London Metal Exchange faces second lawsuit this week after Jane Street sues over nickel trading fiasco June 7, 2022 New York trading firm Jane Street Capital has followed its Wall Street rival Elliot Management in filing a lawsuit against the London Metal Exchange (LME), over its decision to halt trading of nickel and cancel trades in March. The high-frequency trading firm is suing the LME for $15.3m (£12.2m), after the Hong Kong Exchanges and [...]
Addleshaw Goddard shutters Hong Kong offices due to ‘unique’ challenges posed by city-state May 26, 2022 City law firm Addleshaw Goddard has shuttered its Hong Kong offices with a view to sending lawyers to London, Singapore, and Dubai. John Joyce, managing director of the centuries old law firm, said Addleshaw had decided to close its Hong Kong offices due to the “unique set of challenges” it has faced since first opening [...]
US lawyer pulls out of Hong Kong government forum after activists brand it a ‘propaganda event’ May 23, 2022 The head of US law firm Davis Polk’s Asia division has pulled out of speaking at a Hong Kong government forum commemorating the coming into force of the city-state’s controversial national security laws, after pro-democracy activists branded it a “propaganda event”. In a post on Linkedin, Martin Rogers, the chair of Davis Polk’s Asia business, [...]
Hong Kong stock exchange to open US and Europe offices May 23, 2022 The Hong Kong stock exchange is planning to set up two new international offices in the US and Europe, in an effort to draw overseas investors back to the City state. Speaking to the South China Morning Post (SCMP) at Davos, Nicolas Aguzin, the head of Asia’s third largest stock market, said the new offices [...]
HSBC’s biggest shareholder tells bank to spin off Asian business April 30, 2022 China’s largest insurer has told HSBC it should break itself up and separate out its Asian operations. Shenzhen headquartered insurer Ping An has told HSBC’s board it believes the London and Hong Kong listed bank should split itself up, in order to free up the its Asian business. The Chinese insurance giant, which owns a [...]
Hong Kong’s former number 2 and Beijing favourite John Lee enters the race for city state’s top job April 13, 2022 John Lee, Hong Kong’s former number two official, confirmed today he has formally registered his candidacy in the election for the top job after securing 786 nominations to enter the race. Lee, who resigned as chief secretary last week before declaring he would run for chief executive, is the only candidate formally entered so far [...]
It’s all over for Carrie Lam as controversial Hong Kong leader plans to quit without seeking second term April 4, 2022 Hong Kong’s much-criticised, controverisal leader Carrie Lam says she will not seek a second term and will depart public service after more than four decades. The successor of Ms Lam, who survived massive protests against her government in 2019 and oversaw the implementation of a tough national security law that quashed dissent, will be picked [...]
‘A false veneer to a broken system’: British judges resign from Hong Kong’s highest court March 30, 2022 British judges have resigned from Hong Kong’s highest court, in a move which has been welcomed by the foreign secretary and UK-based advocacy group Stand With Hong Kong (SWHK). Two senior judges, Robert Reed and Patrick Hodge, submitted their resignation to the city’s Court of Final Appeal (HKCFA), saying their role was “no longer tenable” because of [...]