Clare's Feed
Sep 29, 2014

Hong Kong protesters defy tear gas and batons to renew democracy call

HONG KONG (Reuters) – Hong Kong democracy protesters defied volleys of tear gas and police baton-charges to stand firm in the center of the global financial hub on Monday, one of the biggest political challenges for Beijing since the Tiananmen Square crackdown 25 years ago.

The unrest, the worst in Hong Kong since China resumed its rule over the former British colony in 1997, sent white clouds of gas wafting among the world’s most valuable office towers and shopping malls as the city prepared to open for business.

Sep 23, 2014

Esprit expects volatile year after swinging to profit

HONG KONG, Sept 23 (Reuters) – Esprit Holdings Ltd’s
CEO expects further operational upheaval and a period
of potentially “volatile” earnings after the clothier bounced
back from a steep loss.

Jose Manuel Martinez Gutierrez on Tuesday said he is still
changing everything from product development and supply chain
processes to wholesale and retail operations, in a quest to
match the results and fast-fashion model of former employer,
Inditex SA brand Zara.

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.

    • 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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