#OpinionArticle
Sony in 1989 VS Sony in 2020
SONY in 1989
“Guys, we have a very special request”, said Mr. Rick Clancy, the vice president of SONY’s media communication department, while he handed out the “tank man”photo taken by CNN and digital photos from other channels. “I am pleading everyone not to report any digital shooting technology seen in this week here. I have already asked our competitors to postpone their reports as well. There is a crisis in China (Tiananmen Massacre), people are still in life-threatening situation.”
Technews TW
SONY in 2020
#SONY removed several photos on the website of 2020 Sony World Photography Awards.
Those photos taken by three photographers are about anti ELAB protests in Hong Kong.
David Butow, one of the these three photographers, said the last response he received from SONY was, “his photo was removed because some regions and markets are sensitive to it”
PTT
======
Renminbi (Chinese currency) is attractive, isn’t it?
Source: Facebook, (04-Jun)
#Kowtow
Sony in 1989 VS Sony in 2020
SONY in 1989
“Guys, we have a very special request”, said Mr. Rick Clancy, the vice president of SONY’s media communication department, while he handed out the “tank man”photo taken by CNN and digital photos from other channels. “I am pleading everyone not to report any digital shooting technology seen in this week here. I have already asked our competitors to postpone their reports as well. There is a crisis in China (Tiananmen Massacre), people are still in life-threatening situation.”
Technews TW
SONY in 2020
#SONY removed several photos on the website of 2020 Sony World Photography Awards.
Those photos taken by three photographers are about anti ELAB protests in Hong Kong.
David Butow, one of the these three photographers, said the last response he received from SONY was, “his photo was removed because some regions and markets are sensitive to it”
PTT
======
Renminbi (Chinese currency) is attractive, isn’t it?
Source: Facebook, (04-Jun)
#Kowtow
Kowtowing to Beijing does not help HSBC
Being caught in the middle of the political tensions between China and the US, HSBC is under fire from all sides.
In late May, CY Leung, former Chief Executive of Hong Kong, publicly criticised HSBC for not immediately expressing its stance on the national security law and pressured the UK-based bank not to “damage China’s sovereignty, dignity, and the feelings of the people.”
A few days later, the bank released a photo showing the Asia Pacific CEO Peter Wong signing a petition in support of the controversial law.
But HSBC's belated support has failed to please the CCP. In a series of articles, the Chinese state mouthpiece Global Times said that the bank “needs to show greater sincerity to express its position on US-China tension and the national security law,” and that it is “far from safe from reprisals.”
China has long accused HSBC of having set a “trap” for Huawei's CFO Meng Wanzhou. Citing "legal experts", Global Times warned that HSBC is not innocent and could be regarded as "a criminal set to face sanctions under Chinese law."
At the same time, HSBC’s endorsement of the law also drew heavy criticisms from Western politicians and rights groups. The US Secretary of State Mike Pompeo slammed the bank for its “corporate kowtow”, which seemed “to have earned HSBC little respect in Beijing.” British MP Tom Tugendhat also questioned why HSBC chose to “back an authoritarian state’s repression of liberties and undermining of the rule of law.”
From Cathay Pacific to HSBC, Beijing sends a clear message to all businesses: if you want to make money in China, you can only side with the #CCP and there is no such thing as political neutrality.
#HSBC #kowtow
Sources:
https://news.mingpao.com/pns/%E7%B6%93%E6%BF%9F/article/20200604/s00004/1591210019253/%E8%A2%AB%E6%89%B9%E6%B2%89%E9%BB%98-%E5%8C%AF%E8%B1%90%E7%8E%8B%E5%86%AC%E5%8B%9D%E7%B0%BD%E5%90%8D%E6%92%90%E5%9C%8B%E5%AE%89%E6%B3%95
CNN, 10 Jun
https://edition.cnn.com/2020/06/10/business/hsbc-china-national-security-law-intl-hnk/index.html
Global Times (Chinese state media) 4, 9, 12 Jun
https://www.globaltimes.cn/content/1190482.shtml
https://www.globaltimes.cn/content/1191093.shtml
https://www.globaltimes.cn/content/1191436.shtml
Reuters, 29 May
https://www.reuters.com/article/us-hongkong-protests-hsbc-hldg/former-hk-leader-calls-out-hsbc-following-uk-criticism-of-security-law-idUSKBN2351K3
Being caught in the middle of the political tensions between China and the US, HSBC is under fire from all sides.
In late May, CY Leung, former Chief Executive of Hong Kong, publicly criticised HSBC for not immediately expressing its stance on the national security law and pressured the UK-based bank not to “damage China’s sovereignty, dignity, and the feelings of the people.”
A few days later, the bank released a photo showing the Asia Pacific CEO Peter Wong signing a petition in support of the controversial law.
But HSBC's belated support has failed to please the CCP. In a series of articles, the Chinese state mouthpiece Global Times said that the bank “needs to show greater sincerity to express its position on US-China tension and the national security law,” and that it is “far from safe from reprisals.”
China has long accused HSBC of having set a “trap” for Huawei's CFO Meng Wanzhou. Citing "legal experts", Global Times warned that HSBC is not innocent and could be regarded as "a criminal set to face sanctions under Chinese law."
At the same time, HSBC’s endorsement of the law also drew heavy criticisms from Western politicians and rights groups. The US Secretary of State Mike Pompeo slammed the bank for its “corporate kowtow”, which seemed “to have earned HSBC little respect in Beijing.” British MP Tom Tugendhat also questioned why HSBC chose to “back an authoritarian state’s repression of liberties and undermining of the rule of law.”
From Cathay Pacific to HSBC, Beijing sends a clear message to all businesses: if you want to make money in China, you can only side with the #CCP and there is no such thing as political neutrality.
#HSBC #kowtow
Sources:
https://news.mingpao.com/pns/%E7%B6%93%E6%BF%9F/article/20200604/s00004/1591210019253/%E8%A2%AB%E6%89%B9%E6%B2%89%E9%BB%98-%E5%8C%AF%E8%B1%90%E7%8E%8B%E5%86%AC%E5%8B%9D%E7%B0%BD%E5%90%8D%E6%92%90%E5%9C%8B%E5%AE%89%E6%B3%95
CNN, 10 Jun
https://edition.cnn.com/2020/06/10/business/hsbc-china-national-security-law-intl-hnk/index.html
Global Times (Chinese state media) 4, 9, 12 Jun
https://www.globaltimes.cn/content/1190482.shtml
https://www.globaltimes.cn/content/1191093.shtml
https://www.globaltimes.cn/content/1191436.shtml
Reuters, 29 May
https://www.reuters.com/article/us-hongkong-protests-hsbc-hldg/former-hk-leader-calls-out-hsbc-following-uk-criticism-of-security-law-idUSKBN2351K3
明報新聞網 - 每日明報 daily news
被批沉默 匯豐王冬勝簽名撐國安法 - 20200604 - 經濟
【明報專訊】早前先後遭前行政長官梁振英及官媒抨擊未就國安法公開表態的匯控（0005），昨日終在微信發文，稱匯豐亞太區行政總裁王冬勝，日前曾到「撐國安立法」的街站簽名聲援（圖），並以簡體字「王冬胜」署名。
#Newspaper
Zoom closes account of US-based Chinese dissidents after Tiananmen conference
Exiled dissidents of the Tiananmen Massacre used Zoom to host a forum about Beijing’s bloody Tiananmen Square Crackdown on protesters in 1989.
The event marked the first time so many high-profile figures with direct ties to the 1989 pro-democracy movement had come together in one space. The promotion was administered through WeChat only two days before to avoid the attention of China’s authorities.
The event on May 31 saw participants dial in from China to listen to the testimonies of many people tied to the events of June 4, including those who were imprisoned, exiled, and family members of the deceased.
The account used for the forum was disabled shortly after. A statement from Zoom suggested that it had taken such action because participants who were in China at the time of the conference had violated local laws by joining. Zoom offered no further elaboration on what laws had been broken and whether Chinese authorities were involved.
This is not the first time online activism related to the event appeared to be censored by even Western internet companies.
Full Articles: SCMP, (11-Jun)
https://bit.ly/2BeWCgS
#SharpPower #FreedomOfSpeech #Censorship #Kowtow #TiananmenMassacre #Zoom
Zoom closes account of US-based Chinese dissidents after Tiananmen conference
Exiled dissidents of the Tiananmen Massacre used Zoom to host a forum about Beijing’s bloody Tiananmen Square Crackdown on protesters in 1989.
The event marked the first time so many high-profile figures with direct ties to the 1989 pro-democracy movement had come together in one space. The promotion was administered through WeChat only two days before to avoid the attention of China’s authorities.
The event on May 31 saw participants dial in from China to listen to the testimonies of many people tied to the events of June 4, including those who were imprisoned, exiled, and family members of the deceased.
The account used for the forum was disabled shortly after. A statement from Zoom suggested that it had taken such action because participants who were in China at the time of the conference had violated local laws by joining. Zoom offered no further elaboration on what laws had been broken and whether Chinese authorities were involved.
This is not the first time online activism related to the event appeared to be censored by even Western internet companies.
Full Articles: SCMP, (11-Jun)
https://bit.ly/2BeWCgS
#SharpPower #FreedomOfSpeech #Censorship #Kowtow #TiananmenMassacre #Zoom
South China Morning Post
Zoom closes account of US-based Chinese dissidents after Tiananmen conference
Participants had joined Zoom meeting from China to listen to testimonies of people targeted in 1989’s bloody June 4 crackdown on pro-democracy protesters.
#Newspaper
Thai Actor, Bright, Apologizes to China Over His Girlfriend’s Twitter Scandal
//“So pretty, looks just like a Chinese girl.”... “What style is this?” Weeraya responded, “Taiwanese girl.” This prompted a Twitter war between Chinese and Thai netizens as many Chinese netizens felt offended and disrespected by Weeraya’s actions. Chinese netizens on Weibo also started campaigns to boycott Bright and subbing teams vowed to stop subbing his series, “2gether: The Series”, which was really popular in China at the time.
//Bright remained silent on the issue until June 20. He uploaded a video on Weibo and apologized to China... had started out the video apologizing for his own mistake first... was sorry for “mistakenly referring to Taiwan as a country in a travel show” he hosted talking about Thailand and Taiwan... he was only introducing tourist destinations and wasn’t trying to impose any political agendas.
//When asked why he stayed silent on the accusations of insulting China and the Chinese people, Bright apologized and explained that he thinks it was a misunderstanding. He respects China and each person. He has never thought about insulting any race. Bright also apologized...
//Bright also expressed that he has Chinese heritage and definitely wouldn’t look down on Chinese people or ethnic Chinese. Lastly, Bright expressed his apologies in Chinese: “Hello everyone, I am Bright. I am sorry to China. I am sorry to you all.” Unfortunately, many Chinese netizens didn’t accept his apology. They left a lot of comments telling him to “get lost!” There were a minority of fans who left supporting comments.
//Watch the video here: https://www.weibo.com/tv/v/J7yEfvGLX?fid=1034:4518014322671659
Further reading:
Milk Tea Alliance Takes on China's Little Pinks in Meme War
https://t.me/guardiansofhongkong/19818
Full Article: 38jiejie, (20-Jun)
#SorryToChina #Kowtow #Thailand #Bright #Twitter #MemeWar #SharpPower #Taiwan #Nationalism
Thai Actor, Bright, Apologizes to China Over His Girlfriend’s Twitter Scandal
//“So pretty, looks just like a Chinese girl.”... “What style is this?” Weeraya responded, “Taiwanese girl.” This prompted a Twitter war between Chinese and Thai netizens as many Chinese netizens felt offended and disrespected by Weeraya’s actions. Chinese netizens on Weibo also started campaigns to boycott Bright and subbing teams vowed to stop subbing his series, “2gether: The Series”, which was really popular in China at the time.
//Bright remained silent on the issue until June 20. He uploaded a video on Weibo and apologized to China... had started out the video apologizing for his own mistake first... was sorry for “mistakenly referring to Taiwan as a country in a travel show” he hosted talking about Thailand and Taiwan... he was only introducing tourist destinations and wasn’t trying to impose any political agendas.
//When asked why he stayed silent on the accusations of insulting China and the Chinese people, Bright apologized and explained that he thinks it was a misunderstanding. He respects China and each person. He has never thought about insulting any race. Bright also apologized...
//Bright also expressed that he has Chinese heritage and definitely wouldn’t look down on Chinese people or ethnic Chinese. Lastly, Bright expressed his apologies in Chinese: “Hello everyone, I am Bright. I am sorry to China. I am sorry to you all.” Unfortunately, many Chinese netizens didn’t accept his apology. They left a lot of comments telling him to “get lost!” There were a minority of fans who left supporting comments.
//Watch the video here: https://www.weibo.com/tv/v/J7yEfvGLX?fid=1034:4518014322671659
Further reading:
Milk Tea Alliance Takes on China's Little Pinks in Meme War
https://t.me/guardiansofhongkong/19818
Full Article: 38jiejie, (20-Jun)
#SorryToChina #Kowtow #Thailand #Bright #Twitter #MemeWar #SharpPower #Taiwan #Nationalism
Mothership
Chinese boycott Thai 'boys love' drama after lead actor's girlfriend's retweet sparked fury
Thai Twitter users then trolled Chinese users back.
#Newspaper
Do as we say! China orders UK firms to obey or else they'll 'pay price and be hit hard'
//British financial services company Standard Chartered Plc and UK bank HSBC have both endorsed China’s proposed security law for Hong Kong... The Chinese Communist Party's official news platform, the Global Times, gave a veiled threat to British companies, such as HSBC, that if they chose to ally themselves with US and UK interests concerning the Huawei 5G rollout and the Hong Kong Security Law there would be consequences. On Tuesday the Global Times declared that if HSBC were to side with UK and US interests, "its image would bear an indelible stain and likely that its Chinese business would take a hit”.
//"Given its reliance on Chinese profits, it will be a life-or-death test for HSBC…And whether or not the bank can overcome its dilemma will really test the political wisdom of its management.”… companies need to pay the price for the choices they have made."
//On Tuesday, Andrew Rosindell MP voiced many parliamentarian's “concern and surprise” at HSBC and Standard Chartered PLC’s support of China’s newly proposed National Security Law in Hong Kong.
//"We cannot let UK owned and run businesses put profits above human rights and fundamental freedoms
//”The actions of HSBC and Standard Chartered PLC undermine and devalue the UK’s political warning shots fired at China.
//"We cannot simultaneously scorn and invest in a regime that so overtly breaches human rights laws.
//The Early Day Motion was signed by eleven cross-party MPs who have called on the Government to set forth measures to encourage HSBC and Standard Chartered Plc to review their support for National Security Law for Hong Kong, which will effectively criminalise freedom of expression in the city.
//Last week Beijing denounced British bank HSBC for supposedly funding "terrorists".
//By "terrorists" central communist authorities mean citizens involved in the pro-democracy demonstrations in Hong Kong.
//Chinese authorities then announced that HSBC had capitulated to their demands and were closing the accounts of those involved in Hong Kong pro-democracy protests.
//The Global Times wrote: "These are the accounts that channel funds to terrorists…”They termed the bank's previous inaction a fence-sitting tactic."
//British banking giant HSBC reportedly makes most of its profits in the Hong Kong financial services market. Trades through the banking sector of Hong Kong contributed more than 80 percent to the company's profits during the first quarter of 2020.
//71 of the world's 100 largest banks have large bases in Hong Kong. The city's banking sector is the ninth-largest in the world and is the second-largest in Asia after Japan.
Full Article: Express, (21-Jun)
Further reading:
Kowtowing to Beijing does not help HSBC
https://t.me/guardiansofhongkong/22590
National security law: Britain urged to go ‘one step further’ for Hong Kong’s BN(O) passport holders alarmed by Beijing legislation
https://www.scmp.com/news/hong-kong/politics/article/3089455/national-security-law-britain-urged-go-one-step-further
#NationalSecurityLaw #UK #HSBC #StandardCharteredPlc #Kowtow #Bully #SharpPower #CCP #terrorists #Finance
Do as we say! China orders UK firms to obey or else they'll 'pay price and be hit hard'
//British financial services company Standard Chartered Plc and UK bank HSBC have both endorsed China’s proposed security law for Hong Kong... The Chinese Communist Party's official news platform, the Global Times, gave a veiled threat to British companies, such as HSBC, that if they chose to ally themselves with US and UK interests concerning the Huawei 5G rollout and the Hong Kong Security Law there would be consequences. On Tuesday the Global Times declared that if HSBC were to side with UK and US interests, "its image would bear an indelible stain and likely that its Chinese business would take a hit”.
//"Given its reliance on Chinese profits, it will be a life-or-death test for HSBC…And whether or not the bank can overcome its dilemma will really test the political wisdom of its management.”… companies need to pay the price for the choices they have made."
//On Tuesday, Andrew Rosindell MP voiced many parliamentarian's “concern and surprise” at HSBC and Standard Chartered PLC’s support of China’s newly proposed National Security Law in Hong Kong.
//"We cannot let UK owned and run businesses put profits above human rights and fundamental freedoms
//”The actions of HSBC and Standard Chartered PLC undermine and devalue the UK’s political warning shots fired at China.
//"We cannot simultaneously scorn and invest in a regime that so overtly breaches human rights laws.
//The Early Day Motion was signed by eleven cross-party MPs who have called on the Government to set forth measures to encourage HSBC and Standard Chartered Plc to review their support for National Security Law for Hong Kong, which will effectively criminalise freedom of expression in the city.
//Last week Beijing denounced British bank HSBC for supposedly funding "terrorists".
//By "terrorists" central communist authorities mean citizens involved in the pro-democracy demonstrations in Hong Kong.
//Chinese authorities then announced that HSBC had capitulated to their demands and were closing the accounts of those involved in Hong Kong pro-democracy protests.
//The Global Times wrote: "These are the accounts that channel funds to terrorists…”They termed the bank's previous inaction a fence-sitting tactic."
//British banking giant HSBC reportedly makes most of its profits in the Hong Kong financial services market. Trades through the banking sector of Hong Kong contributed more than 80 percent to the company's profits during the first quarter of 2020.
//71 of the world's 100 largest banks have large bases in Hong Kong. The city's banking sector is the ninth-largest in the world and is the second-largest in Asia after Japan.
Full Article: Express, (21-Jun)
Further reading:
Kowtowing to Beijing does not help HSBC
https://t.me/guardiansofhongkong/22590
National security law: Britain urged to go ‘one step further’ for Hong Kong’s BN(O) passport holders alarmed by Beijing legislation
https://www.scmp.com/news/hong-kong/politics/article/3089455/national-security-law-britain-urged-go-one-step-further
#NationalSecurityLaw #UK #HSBC #StandardCharteredPlc #Kowtow #Bully #SharpPower #CCP #terrorists #Finance
Express.co.uk
Do as we say! China orders UK firms to obey or else they'll 'pay price and be hit hard'
BRITISH firms have been sent a powerful warning by Chinese state media with one firm told they face a "life or death test", in a stinging attack, as they respond to the new security law in Hong Kong.
#Newspaper
Apple closes Chinese App Store loophole, causing thousands of games to be removed
//Apple will start removing thousands of games from its Chinese App Store in July as a result of a policy that requires all paid games or games with in-app purchases to be licensed by Chinese regulators
// The action marks the end of a loophole that allowed developers to sell games on the platform while they were awaiting approval.
//The measures are expected to impact at least one-third of the reportedly 60,000 games currently listed on Apple’s Chinese App Store that are either paid or feature in-app purchases and which currently lack a license. For some game developers, that could mean losing all revenue from Apple’s second-largest app market.
//major Android app stores have enforced the requirement to have a license prior to publication in China since 2016. However, the situation with Android app stores in China is different to iOS since these are run by local players like Tencent, Oppo, and Huawei.
// Google does not offer its Google Play Store in China.
//The news of the removals comes in the same month that Apple removed a pair of podcasting apps from its Chinese App Store at the request of the Chinese government.
Full Article: The Verge, (22-Jun)
#Apple #IOS #games #Android #license #Censorship #Kowtow #Tencent #Oppo #Huawei
Apple closes Chinese App Store loophole, causing thousands of games to be removed
//Apple will start removing thousands of games from its Chinese App Store in July as a result of a policy that requires all paid games or games with in-app purchases to be licensed by Chinese regulators
// The action marks the end of a loophole that allowed developers to sell games on the platform while they were awaiting approval.
//The measures are expected to impact at least one-third of the reportedly 60,000 games currently listed on Apple’s Chinese App Store that are either paid or feature in-app purchases and which currently lack a license. For some game developers, that could mean losing all revenue from Apple’s second-largest app market.
//major Android app stores have enforced the requirement to have a license prior to publication in China since 2016. However, the situation with Android app stores in China is different to iOS since these are run by local players like Tencent, Oppo, and Huawei.
// Google does not offer its Google Play Store in China.
//The news of the removals comes in the same month that Apple removed a pair of podcasting apps from its Chinese App Store at the request of the Chinese government.
Full Article: The Verge, (22-Jun)
#Apple #IOS #games #Android #license #Censorship #Kowtow #Tencent #Oppo #Huawei
The Verge
Apple closes Chinese App Store loophole, causing thousands of games to be removed
Impacting as many as 20,000 games.
#Interview #LawKachung
Hong Kong top analyst Law Ka-chung left China-based bank because "top of Beijing political circle" said so
(1 May) Law Ka-chung joined the Hong Kong branch of Bank of Communications (BOCOM) in 2005. Two years later, he got promoted as the Chief Economist and Strategist. He write freely and criticized the Hong Kong and China economic systems without any restriction for many years. He started feeling the pressure from China related to his work around 2010.
//"People think it is not appropriate to have a Hongkonger as spokesperson for a China-based bank."
//China-based banks adjusted policy and extended the scope to "purge" Hongkongers step by step. China-base banks don't hire local young people anymore.
//the main point was the system problem...It is about politics and the decision is from top to down (from Beijing)."
//China would like to connect the world via China-based banks... "China sent a lot of people to Hong Kong to learn how the external financial market worked."
//In 2010, he announced that BOCOM would stop comment or run analysis related to China affairs... the excuse BOCOM used was "China affair should come from the China headquarter."
//the decision of the Hong Kong branch "was not from the bank, but it was top-down from there Communist Party of China (CCP).”
//China GDP started to slow down from 10.5% in 2010 to 9,5% and 7.9% year by year. "In the beginning, China didn't think they would collapse because of your comments. However, when things get worse, they would like you to shut up," ...When the economy gets worse, the nature of CCP comes out.
//the Hong Kong financial market changed and put too much focus on China because capital from China soared rapidly.
//So-called financial institutes not only did their own business but also executed political mandate.
//"If you want to be an international financial centre, you can't focus on Asian markets only. You should cover the America and Europe markets as well."
//Hong Kong government and China-based banks focused solely on China market and often launched China related financial products.
//if China wants to internationalize RMB, financial institutes issues RMB bonds everywhere, and China-based banks has to promote that.
//"In the 1980s, when China wanted to take over Hong Kong, they planned to replace all the Hong Kong people with the mainland Chinese. It is just about time to push all of the Hongkongers out."
//BOCOM requested staff to attend marches against umbrella movement in 2014 and counted who attended.
//the impact of SARS in 2003 was much worse.
//Why did the analyst need to align with the Government?
//the demand during umbrella movement in 2014 was still about a general election. However, some voices in the anti-ELAB movement are related to Hong Kong independence and topple the regime in China... China doesn't care about the special status of Hong Kong and execute hard-line policy.
//Since China government can't brainwash the young generation, they turned against all Hongkongers.
//People worried the China will take over private wealth... Hong Kong enforce the law at random, and Hong Kong judicial was overridden, one country two systems is completely over."
//"Money will leave astonishing like leakage in water pipe. And it will never come back."
//speed up de-globalization, Asian countries replacing China as global factory, the agent of capital flow and investment foundation moving to Singapore and away from Hong Kong.
//"The financial centre is losing power. China market is declining. Our financial centre position will diminish."
Full translation:
https://telegra.ph/Hong-Kong-top-analyst-Law-Ka-chung-left-China-based-bank-because-top-of-Beijing-political-circle-said-so-06-28
Source: In Medium
#NationalSecurityLaw #AntiELAB #RMB #Mainlandization #FinancialHub #SharpPower #Censorship #Kowtow
Hong Kong top analyst Law Ka-chung left China-based bank because "top of Beijing political circle" said so
(1 May) Law Ka-chung joined the Hong Kong branch of Bank of Communications (BOCOM) in 2005. Two years later, he got promoted as the Chief Economist and Strategist. He write freely and criticized the Hong Kong and China economic systems without any restriction for many years. He started feeling the pressure from China related to his work around 2010.
//"People think it is not appropriate to have a Hongkonger as spokesperson for a China-based bank."
//China-based banks adjusted policy and extended the scope to "purge" Hongkongers step by step. China-base banks don't hire local young people anymore.
//the main point was the system problem...It is about politics and the decision is from top to down (from Beijing)."
//China would like to connect the world via China-based banks... "China sent a lot of people to Hong Kong to learn how the external financial market worked."
//In 2010, he announced that BOCOM would stop comment or run analysis related to China affairs... the excuse BOCOM used was "China affair should come from the China headquarter."
//the decision of the Hong Kong branch "was not from the bank, but it was top-down from there Communist Party of China (CCP).”
//China GDP started to slow down from 10.5% in 2010 to 9,5% and 7.9% year by year. "In the beginning, China didn't think they would collapse because of your comments. However, when things get worse, they would like you to shut up," ...When the economy gets worse, the nature of CCP comes out.
//the Hong Kong financial market changed and put too much focus on China because capital from China soared rapidly.
//So-called financial institutes not only did their own business but also executed political mandate.
//"If you want to be an international financial centre, you can't focus on Asian markets only. You should cover the America and Europe markets as well."
//Hong Kong government and China-based banks focused solely on China market and often launched China related financial products.
//if China wants to internationalize RMB, financial institutes issues RMB bonds everywhere, and China-based banks has to promote that.
//"In the 1980s, when China wanted to take over Hong Kong, they planned to replace all the Hong Kong people with the mainland Chinese. It is just about time to push all of the Hongkongers out."
//BOCOM requested staff to attend marches against umbrella movement in 2014 and counted who attended.
//the impact of SARS in 2003 was much worse.
//Why did the analyst need to align with the Government?
//the demand during umbrella movement in 2014 was still about a general election. However, some voices in the anti-ELAB movement are related to Hong Kong independence and topple the regime in China... China doesn't care about the special status of Hong Kong and execute hard-line policy.
//Since China government can't brainwash the young generation, they turned against all Hongkongers.
//People worried the China will take over private wealth... Hong Kong enforce the law at random, and Hong Kong judicial was overridden, one country two systems is completely over."
//"Money will leave astonishing like leakage in water pipe. And it will never come back."
//speed up de-globalization, Asian countries replacing China as global factory, the agent of capital flow and investment foundation moving to Singapore and away from Hong Kong.
//"The financial centre is losing power. China market is declining. Our financial centre position will diminish."
Full translation:
https://telegra.ph/Hong-Kong-top-analyst-Law-Ka-chung-left-China-based-bank-because-top-of-Beijing-political-circle-said-so-06-28
Source: In Medium
#NationalSecurityLaw #AntiELAB #RMB #Mainlandization #FinancialHub #SharpPower #Censorship #Kowtow
Telegraph
Hong Kong top analyst Law Ka-chung left China-based bank because "top of Beijing political circle" said so
(1 May) Law Ka-chung joined the Hong Kong branch of Bank of Communications (BOCOM) in 2005. Two years later, he got promoted as the Chief Economist and Strategist. He write freely and criticized the Hong Kong and China economic systems without any restriction…
Canadians interrogated in China are the “ bargaining chips” used by China for the latest hostage diplomacy deal to free Ms Meng Wanzhou
After the 18th month of their detention, two Canadians, Michael Kovrig and Michael Spavor, were accused of espionage by China. Kovrig, a former diplomat, and Spavor, a businessman, were arrested in 2018 shortly after Meng Wanzhou – an executive of China’s state controlled giant Huawei – was detained under US request. The two men have not been able to meet with their lawyer or their families since their arbitrary detention. Instead, they were allegedly exposed to interrogation for six to eight hours a day and exposed to 24-hour artificial lighting.
In comparison, Ms. Meng, according to herself, finally had time to read a book and carefully finish an oil painting. To make things worse, China’s state-controlled court system has an almost 100% conviction rate.
Meanwhile, China constantly implies the fate of the two Canadians are linked to the outcome of Meng’s case. A Chinese journalist even claimed that Canada failed to realize Meng was worth 10 – if not more – Kovrig & Spavor, further exposing the nature of this hostage diplomacy. Behind it is the Han chauvinism and ultranationalism cultivated by the Chinese Communist Party over the years.
The ideology is deeply rooted in imperial China’s world view in which it sees itself the centre of the world for the rest to #kowtow to, sees its renewal as China become increasingly convinced of its uprising power.
#China #Canada #Huawei #MengWanZhou #Hostage
Source:
https://www.theglobeandmail.com/world/article-huaweis-meng-far-more-valuable-than-canadas-kovrig-and-spavor/
https://www.bbc.co.uk/news/amp/world-asia-china-53104303?__twitter_impression=true
After the 18th month of their detention, two Canadians, Michael Kovrig and Michael Spavor, were accused of espionage by China. Kovrig, a former diplomat, and Spavor, a businessman, were arrested in 2018 shortly after Meng Wanzhou – an executive of China’s state controlled giant Huawei – was detained under US request. The two men have not been able to meet with their lawyer or their families since their arbitrary detention. Instead, they were allegedly exposed to interrogation for six to eight hours a day and exposed to 24-hour artificial lighting.
In comparison, Ms. Meng, according to herself, finally had time to read a book and carefully finish an oil painting. To make things worse, China’s state-controlled court system has an almost 100% conviction rate.
Meanwhile, China constantly implies the fate of the two Canadians are linked to the outcome of Meng’s case. A Chinese journalist even claimed that Canada failed to realize Meng was worth 10 – if not more – Kovrig & Spavor, further exposing the nature of this hostage diplomacy. Behind it is the Han chauvinism and ultranationalism cultivated by the Chinese Communist Party over the years.
The ideology is deeply rooted in imperial China’s world view in which it sees itself the centre of the world for the rest to #kowtow to, sees its renewal as China become increasingly convinced of its uprising power.
#China #Canada #Huawei #MengWanZhou #Hostage
Source:
https://www.theglobeandmail.com/world/article-huaweis-meng-far-more-valuable-than-canadas-kovrig-and-spavor/
https://www.bbc.co.uk/news/amp/world-asia-china-53104303?__twitter_impression=true
The Globe and Mail
Huawei’s Meng far more valuable than Canada’s Kovrig and Spavor, Chinese journalist says
Deleted tweet by Chen Weihua, the European Union bureau chief for the China Daily, reflects Beijing’s new 'Wolf Warrior' tone in foreign affairs
⬆️⬆️⬆️ continue reading
#FreeHongKong #NBA #Kowtow
Feature for Personalising Apparel Disabled from NBA Official Online Store following Controversy on Restricting “FreeHongKong” as Text Option
NBA Spokesperson: There Were Attempts to Print Hateful Messages
Many NBA players have been showing their support for the recent movements against systemic racial discrimination in the US, and the National Basketball Players Association has reached an agreement with the NBA to allow slogans supporting racial equality to be printed on the back of jerseys. However, it was discovered last Monday that the NBA official online store had restricted apparel customisations that included the text “FreeHongKong”.
The website then briefly reopened orders for personalised apparel with “FreeHongKong” and explained that there was a technical problem previously. But four days later, the customisation feature was completely removed from the website.
An NBA spokesperson confirmed to Fox News that the apparel customisation feature was temporarily removed from the website since there were “attempts to include violent, abusive and hateful messages on personalised NBA jerseys”, yet no explanation was offered on the inappropriate language in question. Republican Senator Josh Hawley accused the NBA of carrying out censorship like China and not daring to offend Beijing.
Fox News pointed out that before the “FreeHongKong” controversy, the personalised apparel feature had allowed customisations of all sorts of texts, even violent messages such as “Kill Cops”.
A Stand News reporter logged into the NBA website on Friday morning and found all personalised apparel had been taken off the shelf. The only customisable item still available was the Los Angeles Lakers bear, but the text limit had been changed from 12 characters to 11, making it impossible to print the “FreeHongKong” slogan. However, “FreeHK” was still a possible choice and the reporter was able to proceed smoothly to the shopping cart for payment.
Another official NBA online store operator, Fanatics, is also no longer offering personalised NBA apparel, but the website still offers personalised gear from NFL, MLB and other leagues. Fans could still order apparel or gear with “FreeHongKong” text, but “Kill Cops” or other such hateful texts were not accepted.
Experts have opined that the incident has shown NBA’s double standards in allowing stance that pertains to equality movements in the US but hesitating to touch on topics sensitive to China.
Source: Stand News #Jul17
#SelectiveSupport #Inequality #FreeSpeech
#FreeHongKong #NBA #Kowtow
Feature for Personalising Apparel Disabled from NBA Official Online Store following Controversy on Restricting “FreeHongKong” as Text Option
NBA Spokesperson: There Were Attempts to Print Hateful Messages
Many NBA players have been showing their support for the recent movements against systemic racial discrimination in the US, and the National Basketball Players Association has reached an agreement with the NBA to allow slogans supporting racial equality to be printed on the back of jerseys. However, it was discovered last Monday that the NBA official online store had restricted apparel customisations that included the text “FreeHongKong”.
The website then briefly reopened orders for personalised apparel with “FreeHongKong” and explained that there was a technical problem previously. But four days later, the customisation feature was completely removed from the website.
An NBA spokesperson confirmed to Fox News that the apparel customisation feature was temporarily removed from the website since there were “attempts to include violent, abusive and hateful messages on personalised NBA jerseys”, yet no explanation was offered on the inappropriate language in question. Republican Senator Josh Hawley accused the NBA of carrying out censorship like China and not daring to offend Beijing.
Fox News pointed out that before the “FreeHongKong” controversy, the personalised apparel feature had allowed customisations of all sorts of texts, even violent messages such as “Kill Cops”.
A Stand News reporter logged into the NBA website on Friday morning and found all personalised apparel had been taken off the shelf. The only customisable item still available was the Los Angeles Lakers bear, but the text limit had been changed from 12 characters to 11, making it impossible to print the “FreeHongKong” slogan. However, “FreeHK” was still a possible choice and the reporter was able to proceed smoothly to the shopping cart for payment.
Another official NBA online store operator, Fanatics, is also no longer offering personalised NBA apparel, but the website still offers personalised gear from NFL, MLB and other leagues. Fans could still order apparel or gear with “FreeHongKong” text, but “Kill Cops” or other such hateful texts were not accepted.
Experts have opined that the incident has shown NBA’s double standards in allowing stance that pertains to equality movements in the US but hesitating to touch on topics sensitive to China.
Source: Stand News #Jul17
#SelectiveSupport #Inequality #FreeSpeech