Clare's Feed
Sep 22, 2014

One in five Hong Kong residents consider leaving over cloudy political future: survey

HONG KONG (Reuters) – More than a fifth of Hong Kong residents are considering leaving the city, spurred by concerns about its political future, a survey by the Chinese University of Hong Kong showed.

Hong Kong residents are uneasy after months of rallies, protests and an unofficial referendum have exposed political rifts in the Asian financial hub.

Sep 20, 2014

Hong Kong students to boycott class to protest China curbs on democracy

HONG KONG (Reuters) – Hong Kong students are preparing for a showdown with Beijing over democratic reforms by boycotting classes on Monday, as a restive younger generation challenges the Chinese Communist Party’s tightening grip on the city.

The former British colony returned to China in 1997 with a high degree of autonomy, but Beijing’s rejection of the right to freely choose the city’s next leader has prompted threats from activists to shut down the Central financial district as part of their pro-democracy campaign.

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.

    • 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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