Australia Universities are “Addicted” to the Income of Chinese Students, Feared to Fall Out of the World's Top 100 Rankings Due to China's Ban
Source from: Apple Daily #Jan05
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Source from: Apple Daily #Jan05
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Australia Universities are “Addicted” to the Income of Chinese Students, Feared to Fall Out of the World's Top 100 Rankings Due to China's Ban
Many Chinese students study aboard in Australia every year, bringing massive benefits to Australian universities. Some universities principals describe that the industry has already “addicted” to the Chinese market. As China-Australia relations deteriorated, China publicly called for not to study in Australia. Some analysis believes that this action massively reduces the universities research expenditures due to the drastic reduction in income. And eventually, it leads to domestic universities falling out of the top 100 in the world.
“Addicted” in relying on the Chinese market
From the start of last year, China-Australia relations become more worsen, Australian President Scott Morrison publicly called out for having an independent investigation into the origin of COVID-19. However, the Beijing government regards this action as a move against China. Afterwards, China launches a trade war against Australia, imposing import bans or tariffs to Australian products such as beef, red wine, coal and lobsters. Chinese Education Department called out to students not to study in Australia, and Australia banned international students from entry due to the pandemic.
Chinese international students contributed around AUD 7 billion (HKD 41.8 billion) to Australian universities each year. Greg Craven, Principal of Australian Catholic University, said the industry is over-relied on the Chinese market, it even brought sovereign risks to Australia. He said helplessly, “They (principals from other universities) all knew about the issues of China, and I have also mentioned in the expert group or publicly, but they chose to remain silent, which is like being addicted to drugs.”
Source from: Apple Daily #Jan05
https://hk.appledaily.com/international/20210105/S7F6EFJHDZDD3EJ4GUKZPEEPEE/
#China #Australia #TradeWar #Universities #internationalstudents #ranking #ScottMorrison #GregCraven #Education
Many Chinese students study aboard in Australia every year, bringing massive benefits to Australian universities. Some universities principals describe that the industry has already “addicted” to the Chinese market. As China-Australia relations deteriorated, China publicly called for not to study in Australia. Some analysis believes that this action massively reduces the universities research expenditures due to the drastic reduction in income. And eventually, it leads to domestic universities falling out of the top 100 in the world.
“Addicted” in relying on the Chinese market
From the start of last year, China-Australia relations become more worsen, Australian President Scott Morrison publicly called out for having an independent investigation into the origin of COVID-19. However, the Beijing government regards this action as a move against China. Afterwards, China launches a trade war against Australia, imposing import bans or tariffs to Australian products such as beef, red wine, coal and lobsters. Chinese Education Department called out to students not to study in Australia, and Australia banned international students from entry due to the pandemic.
Chinese international students contributed around AUD 7 billion (HKD 41.8 billion) to Australian universities each year. Greg Craven, Principal of Australian Catholic University, said the industry is over-relied on the Chinese market, it even brought sovereign risks to Australia. He said helplessly, “They (principals from other universities) all knew about the issues of China, and I have also mentioned in the expert group or publicly, but they chose to remain silent, which is like being addicted to drugs.”
Source from: Apple Daily #Jan05
https://hk.appledaily.com/international/20210105/S7F6EFJHDZDD3EJ4GUKZPEEPEE/
#China #Australia #TradeWar #Universities #internationalstudents #ranking #ScottMorrison #GregCraven #Education
Letter: EU should heed lessons of Hong Kong in China deal
The EU thinks that the EU-China Comprehensive Agreement on Investment (CAI) can bind China into better labour practices and fairer trade practices. This is an utter delusion.
In 2020, China demonstrated how they renege on its treaty-bound obligations to keep Hong Kong free for fifty years. It is disappointing to learn that the city-state’s death-knell does not teach the world anything about China.
Source: FT #Jan05
https://www.ft.com/content/d2b7b9f8-7d56-416d-9098-a0cca2dc6b8b
#SinoBritishJointDeclaration #HongKong #EU #China
The EU thinks that the EU-China Comprehensive Agreement on Investment (CAI) can bind China into better labour practices and fairer trade practices. This is an utter delusion.
In 2020, China demonstrated how they renege on its treaty-bound obligations to keep Hong Kong free for fifty years. It is disappointing to learn that the city-state’s death-knell does not teach the world anything about China.
Source: FT #Jan05
https://www.ft.com/content/d2b7b9f8-7d56-416d-9098-a0cca2dc6b8b
#SinoBritishJointDeclaration #HongKong #EU #China
Political pressure weighs on HSBC over Hong Kong activists
Carrie Lam revealed in late 2020 that she received cash for her salary after being targeted by US sanction. That not only presented a problem for Ms Lam, but also a compliance nightmare for international banks in Hong Kong.
HSBC freezing of a bank account of Ted Hui, former pro-democracy lawmaker, over the new year has shown more fraught for the banks on the compliance problems.
Lawyers say banks are increasingly incentivised to avoid offering services to any Hong Konger who could get them into hot water.
One compliance officer at an international bank in Hong Kong said employees were worried and tried to avoid having their name attached to decisions on individual accounts considered political, even attempting to get closure decisions signed off offshore. “We are all on edge,” the officer said.
Source: FT #Jan05
https://www.ft.com/content/75313efa-e44b-4f73-9cd0-41a045f62749
#HSBC #TedHui #HKActivist #HongKong
Carrie Lam revealed in late 2020 that she received cash for her salary after being targeted by US sanction. That not only presented a problem for Ms Lam, but also a compliance nightmare for international banks in Hong Kong.
HSBC freezing of a bank account of Ted Hui, former pro-democracy lawmaker, over the new year has shown more fraught for the banks on the compliance problems.
Lawyers say banks are increasingly incentivised to avoid offering services to any Hong Konger who could get them into hot water.
One compliance officer at an international bank in Hong Kong said employees were worried and tried to avoid having their name attached to decisions on individual accounts considered political, even attempting to get closure decisions signed off offshore. “We are all on edge,” the officer said.
Source: FT #Jan05
https://www.ft.com/content/75313efa-e44b-4f73-9cd0-41a045f62749
#HSBC #TedHui #HKActivist #HongKong
China’s hegemonic intent increasingly hard to deny
A January 3 essay in Asia Times disputes the notion that China seeks to be a “hegemon,” or dominant country. The author was Asia Times columnist David P Goldman, who also copiously quotes Fudan University Professor Wen Yang.
Goldman not only asserts that China has no hegemonic intent, he goes so far as to allege that, for “many” Americans, “it doesn’t matter whether China is [in fact] hegemonic; its offense is being China.”
This is an important topic, and Goldman and Wen make several specious arguments that demand refutation.
Source: Asia Times #Jan05
https://t.co/3UvuwUyeSN
#China #Hegemon #Goldman #Asia #Times
A January 3 essay in Asia Times disputes the notion that China seeks to be a “hegemon,” or dominant country. The author was Asia Times columnist David P Goldman, who also copiously quotes Fudan University Professor Wen Yang.
Goldman not only asserts that China has no hegemonic intent, he goes so far as to allege that, for “many” Americans, “it doesn’t matter whether China is [in fact] hegemonic; its offense is being China.”
This is an important topic, and Goldman and Wen make several specious arguments that demand refutation.
Source: Asia Times #Jan05
https://t.co/3UvuwUyeSN
#China #Hegemon #Goldman #Asia #Times
Hong Kong Exchange to Delist Jailed Jimmy Lai Media Group on 12th January 2023; share value of over HK$7 Million vanished
Source: Channel C Hong Kong, #Jan05
https://bit.ly/3WipCbH
Read more
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Source: Channel C Hong Kong, #Jan05
https://bit.ly/3WipCbH
Read more
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Hong Kong Exchange to Delist Jailed Jimmy Lai Media Group on 12th January 2023; share value of over HK$7 Million vanished
Next Digital, the media company founded by jailed tycoon Jimmy Lai Chee-ying, will be delisted from the Hong Kong stock exchange on January 12, a year and a half after the closure of its flagship newspaper Apple Daily.
On December 23, 2022, the company received a letter from the Hong Kong Stock Exchange notifying that a review would be carried out to evaluate the company's trading and listing status. The Listing Committee has decided to remove Next Media's listing status citing Listing Rules 6.01A (1) . If Next Media does not appeal this decision, its listing status will be revoked on January 12, 2023.
Next Media responded that it has no intention to appeal this decision.
Before trading suspension, Next Media had a per-share earnings of HK$0.29, with a market value of HK$765 million. According to data disclosed by the Stock Exchange, Next Media's founder Jimmy Lai holds 71.26% of the company's shares. According to RFI, the delisting means that Jimmy Lai and the small shareholders who hold about 30% of the company's shares will together lose HK$765 million."
RFI also reports that according to the Hong Kong Freedom of Speech Annual Report, which was written by anonymous journalists and news scholars and published by the International Journalists' Association, Next Media's rapid downfall is a reflection of a major change in laws affecting media. The report states that the National Security Law has given the Hong Kong government significant power to suppress private property rights, freedom of speech, personal freedom, and the rule of law.
The report also mentions that Next Media, which had one of the top readership and over 500,000 paying online subscribers in Hong Kong, is wiped out within half a year of the law's implementation.
Source: Channel C Hong Kong, #Jan05
https://bit.ly/3WipCbH
#ApplyDaily #JimmyLai #HongKongExchange
Next Digital, the media company founded by jailed tycoon Jimmy Lai Chee-ying, will be delisted from the Hong Kong stock exchange on January 12, a year and a half after the closure of its flagship newspaper Apple Daily.
On December 23, 2022, the company received a letter from the Hong Kong Stock Exchange notifying that a review would be carried out to evaluate the company's trading and listing status. The Listing Committee has decided to remove Next Media's listing status citing Listing Rules 6.01A (1) . If Next Media does not appeal this decision, its listing status will be revoked on January 12, 2023.
Next Media responded that it has no intention to appeal this decision.
Before trading suspension, Next Media had a per-share earnings of HK$0.29, with a market value of HK$765 million. According to data disclosed by the Stock Exchange, Next Media's founder Jimmy Lai holds 71.26% of the company's shares. According to RFI, the delisting means that Jimmy Lai and the small shareholders who hold about 30% of the company's shares will together lose HK$765 million."
RFI also reports that according to the Hong Kong Freedom of Speech Annual Report, which was written by anonymous journalists and news scholars and published by the International Journalists' Association, Next Media's rapid downfall is a reflection of a major change in laws affecting media. The report states that the National Security Law has given the Hong Kong government significant power to suppress private property rights, freedom of speech, personal freedom, and the rule of law.
The report also mentions that Next Media, which had one of the top readership and over 500,000 paying online subscribers in Hong Kong, is wiped out within half a year of the law's implementation.
Source: Channel C Hong Kong, #Jan05
https://bit.ly/3WipCbH
#ApplyDaily #JimmyLai #HongKongExchange
Channelchk
壹傳媒1.12起被聯交所除牌 逾7億港元市值化為烏有 | Channel C
壹傳媒下周四（12日）被除牌！