Clare's Feed
Sep 3, 2014

Hong Kong activists say China ‘brutally strangled’ democracy

HONG KONG (Reuters) – Hong Kong activists threatening to blockade the financial district in protest against China’s curbs on democracy said Beijing had “brutally strangled” their hopes but that they would persevere with the struggle.

Hong Kong is bracing for a wave of protests after Beijing on Sunday ruled out fully democratic elections for the city’s leader in 2017, sparking a political showdown with democrats.

Aug 31, 2014

Tantrums, concubines, hotpot burns and smog: China insurers have it covered

HONG KONG, Sept 1 (Reuters) – Your child throws a tantrum
and smashes something? Take out “naughty child insurance”.
Similarly, buy cover against your bride becoming pregnant before
the honeymoon, your team being knocked out of the soccer World
Cup, burning your tongue eating hotpot or if smog ruins your
holiday.
more creative in chasing business.

Quirky, maybe, but China’s insurers are turning to ever more
creative ways to drum up business in a market where growth has
stalled and penetration rates of around 3 percent, half the
global average, are little changed from a decade ago. Premiums
in China are less than $278 billion a year, way below the $1.3
trillion paid in the United States and below even the UK’s $330
billion, according to Munich Re and Swiss Re data.

Aug 28, 2014

Hong Kong anti-graft agency raids home of media tycoon critical of Beijing

HONG KONG (Reuters) – Anti-corruption officers in Hong Kong on Thursday morning raided the home of Jimmy Lai, a media magnate and an outspoken critic of Beijing who has supported pro-democracy activists through his many publications.

The raids come after local media said on Wednesday that China had decided to limit 2017 elections to a handful of candidates loyal to Beijing, a move likely to escalate protests by pro-democracy activists. [ID:nH9N0QV001]

Aug 28, 2014

HK anti-graft agency raids home of media tycoon critical of Beijing

HONG KONG (Reuters) – Anti-corruption officers in Hong Kong on Thursday morning raided the home of Jimmy Lai, a media magnate and an outspoken critic of Beijing who has supported pro-democracy activists through his many publications.

The raids come after local media said on Wednesday that China had decided to limit 2017 elections to a handful of candidates loyal to Beijing, a move likely to escalate protests by pro-democracy activists.

Aug 26, 2014

Foreign judge in Hong Kong defends city’s legal independence

HONG KONG (Reuters) – A senior foreign Hong Kong judge said on Tuesday he detected no undermining of judicial independence in the global financial hub amid rising fears of interference from China.

In rare public comments from a judge on Hong Kong’s Court of Final Appeal, David Neuberger said he saw “no present problem” with the rule of law in the former British colony.

Aug 22, 2014

After food safety scares, China retailer offers baby milk insurance

HONG KONG (Reuters) – A Chinese retailer is offering insurance to customers who buy infant milk powder, highlighting the lengths to which companies are going to address concerns about food safety in China.

Suning Commerce Group Ltd, which owns the Redbaby chain of stores, told Reuters it had launched the policy this week, backed by China’s second largest insurer Ping An Insurance Group.

Aug 20, 2014

China lighting company NVC seeks removal of CEO, alleging misconduct

HONG KONG, Aug 20 (Reuters) – Chinese lighting manufacturer
NVC Lighting Holding Ltd said on Wednesday it was
taking emergency measures following its chief executive’s
refusal to step down after its board of directors adopted a
resolution calling on him to quit.

NVC alleges CEO Wu Changjiang secretly signed licensing
agreements on behalf of a company subsidiary. NVC did not
disclose any details of the deals.

Aug 19, 2014

Hong Kong Law Society president resigns amid China democracy debate

HONG KONG (Reuters) – The president of Hong Kong’s Law Society resigned on Tuesday after a no-confidence vote exposed a growing determination by traditionally conservative lawyers to challenge perceived threats by Beijing to the business hub’s judicial independence.

Hundreds of thousands of people have taken to the streets of Hong Kong, a special administrative region of China, to protest against what they see as interference by Beijing in the affairs of the city, which returned to China in 1997 under a ‘one country, two systems’ style of rule.

Aug 8, 2014

Chinese activists push for safer factories after blast

HONG KONG, Aug 8 (Reuters) – More than a dozen Chinese labor
rights groups are circulating a petition pushing for safer
factory working conditions, in a bid to capitalize on public
anger over the worst industrial accident in more than year.

A room filled with metal dust exploded on Saturday at the
Kunshan Zhongrong Metal Products Co Ltd factory that polishes
wheel hubs for carmakers, including General Motors Co,
killing 75 people and injuring 185.

Aug 8, 2014

US meat supplier OSI withdraws products made in Shanghai factory

HONG KONG, Aug 8 (Reuters) – U.S. meat supplier OSI Group
LLC is withdrawing products made in a Shanghai
factory from undisclosed outlets in the wake of a food safety
scare last month that hit fast food chains McDonald’s
and Yum Brands Inc’s KFC.

“While there have been no reported illnesses linked to any
Shanghai Husi products, recovering this production is an
important step in facilitating the investigations and rebuilding
the respect and trust of our customers, the government and the
people of China,” OSI said in a statement late on Thursday.

    • About Clare

      "I am based in New York and write about IPOs and wealth management. I was formerly based in San Francisco, where I wrote about tech companies."
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