#OneCountryTwoSystems #NationalSecurityLaw
Hang Seng Index plummets after Beijing made bold moves
Following Beijing's unilateral introduction of the anti-subversion in Hong Kong, Hang Seng Index plummets by 5.5%, the largest daily fall over 5 years. Sino Land (0083) and Link REIT (0832) dropped more than 10%.
Beijing loyalist Liao Cheung-kong, a non-official member appointed to the Executive Council, said "National security is more important than the stock market."
Liao is also Steward of Hong Kong Jockey Club and Hong Kong Deputy to the PRC's National People's Congress.
Source: Now News; InMedia
Further reading:
Chris Patten: "Chinese Communism is not to be trusted on anything"
https://t.me/guardiansofhongkong/21050
#May22 #HSI #MartinLiao #HangSengIndex #StateTerrorism #Economy
Hang Seng Index plummets after Beijing made bold moves
Following Beijing's unilateral introduction of the anti-subversion in Hong Kong, Hang Seng Index plummets by 5.5%, the largest daily fall over 5 years. Sino Land (0083) and Link REIT (0832) dropped more than 10%.
Beijing loyalist Liao Cheung-kong, a non-official member appointed to the Executive Council, said "National security is more important than the stock market."
Liao is also Steward of Hong Kong Jockey Club and Hong Kong Deputy to the PRC's National People's Congress.
Source: Now News; InMedia
Further reading:
Chris Patten: "Chinese Communism is not to be trusted on anything"
https://t.me/guardiansofhongkong/21050
#May22 #HSI #MartinLiao #HangSengIndex #StateTerrorism #Economy