HONG KONG, March 7 (Reuters) – Hong Kong businessman Carson
Yeung was sentenced to six years in jail on Friday for money
laundering in a high-profile case that law enforcement officials
hailed as an important victory to combat money laundering in the
global financial hub.
Yeung, 54, who was found guilty by a Hong Kong court on five
counts of money-laundering some HK$721 million ($93 million)
over several years, is a flamboyant self-made millionaire and
owner of British football club Birmingham City.
HONG KONG (Reuters) – The head of China’s parliament warned on Thursday that importing western-style democracy for a planned direct election in Hong Kong in 2017 could lead to “disastrous” results, a delegate who attended the closed-door meeting said.
Hong Kong returned to Chinese rule in 1997 with wide-ranging autonomy, an independent judiciary and relatively free press under the formula of “one country, two systems” – along with an undated promise of full democracy, an issue never broached by the British during 150 years of colonial rule.
KUNMING/BEIJING (Reuters) – Police swept a Uighur district of China’s southwestern city of Kunming hours after knife-wielding assailants killed 29 people in a crowded station, bloodily underscoring the risk of ethnic tensions spilling over the borders of restive Xinjiang region.
China has vowed to crack down on what it said were extremist groups who want to transform Xinjiang into an independent state called East Turkestan, but also sought to emphasize ethnic unity in the wake of what it described as a terrorist attack.
KUNMING, China (Reuters) – Witnesses to chilling violence at a Chinese train station placed under heavy security on Sunday recalled moments of fear and chaos after at least 29 people were killed in what authorities called a terrorist attack by Xinjiang militants.
Officials said a group of knife-wielding “terrorists” from the restive Xinjiang region launched a premeditated attack at the Kunming Railway Station in China’s southwest on Saturday night. More than 130 people were wounded.
HONG KONG, Feb 27 (Reuters) – A senior Chinese official on
Thursday condemned the daylight stabbing of an influential
newspaper editor that has exposed deep-rooted anxieties about
possible interference by Beijing in the financial hub’s affairs.
Police have made no arrests nor established any motive for
the stabbing of Kevin Lau, a former chief editor of the Ming Pao
newspaper, by two men, that left him fighting for his life.
HONG KONG (Reuters) – A former chief editor of a major Hong Kong newspaper known for its critical reporting was stabbed and seriously wounded on Wednesday in an attack likely to fuel concern among journalists about what many see as an erosion of media freedoms.
A man in a helmet attacked Kevin Lau Chun-to, former chief editor of the Ming Pao daily, slashing him in the back several times. The assailant rode off on a motorcycle with an accomplice.
HONG KONG (Reuters) – Hong Kong’s economy is expected to grow 3 to 4 percent this year as the financial hub known for its amped up capitalism debates the sustainability of its longer-term finances amid calls to boost welfare spending and narrow the wealth gap.
In his budget speech focused on maintaining Hong Kong’s competitiveness, Financial Secretary John Tsang said the city’s GDP grew 2.9 percent last year compared with 1.5 percent in 2012, and will likely expand between 3 and 4 percent in 2014.
HONG KONG, Feb 26 (Reuters) – Hong Kong will likely post a
far leaner budget surplus this year as the financial hub known
for its amped up capitalism debates the sustainability of its
longer-term finances amid calls to boost welfare spending and
narrow the wealth gap.
Financial Secretary John Tsang is expected to unveil a
fiscal surplus of HK$10-20 billion ($25.8 billion) for the
financial year 2013/14, far less than the bumper HK$64.8 billion
last year, in his budget speech that starts at 0300 GMT, a straw
poll of economists and accounting firms showed.
HONG KONG (Reuters) – Thousands rallied outside Hong Kong’s government headquarters on Sunday demanding the city’s leader uphold media freedoms amid growing anger towards perceived behind-the-scenes intrusions on local media outlets.
Tensions have been rising between forces backing democratic institutions in Hong Kong and China’s Communist Party leaders as the city proceeds with political reforms that could lead to an unprecedented direct election for its next leader in 2017.
SHENZHEN, China/PARIS, Feb 11 (Reuters) – Aston Martin’s
sweeping recall of its high-end sports cars last week raises
larger questions about the risk to global automakers of sourcing
key parts thousands of miles away in China without implementing
adequate quality control measures.
Executives from several major foreign automakers said they
either shun Chinese-owned suppliers or help them establish sound
production processes and train workers to avoid quality