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U.K. Points to Political Risk in New Hong Kong Business Guidance

The U.K. highlighted increasing political risks in its latest guidance on conducting business in Hong Kong, pointedly dropping references to relations with its former colony as “positive” and “beneficial.”

The U.K. government updated its guidance Tuesday for the business risk level in Hong Kong to include a warning that a China-drafted national security law imposed last year was “already reducing the extent to which the people of Hong Kong are able to exercise their fundamental rights and freedoms.” The guidance also lays out recent political changes in Hong Kong, citing “increasing concerns” about

#Bloomberg

https://www.bloombergquint.com/politics/u-k-points-to-political-risk-in-new-hong-kong-business-guidance

#Feb17 #PoliticalRiskInHongKong #HongKong #HKBusinessGuidance
#Court #818Rally #PoliticalPersecution
German Parliament Member: We should not give up on Hong Kong democracy advocates


Source: Stand News #Feb17

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#Court #818Rally #PoliticalPersecution
German Parliament Member: We should not give up on Hong Kong democracy advocates

In Hong Kong, a number of pro-democracy figures in Hong Kong were accused of "organising and participating in the an assembly at Victoria Park on August 18, 2019 during the Anti-ELAB movement.

Among them were Lee Chu-Ming, Founding Chairman of the Democratic Party; Margaret Ng Ngoi-Yee, barrister and ex-Legislative Councillor; and Jimmy Lai Chee-ying, Founder of Apple Daily. They were charged of "oganising and taking part in an unauthorised assembly". The trial began in court on Feb 16, 2021.

In Germany, #GydeJensen, the youngest female member of the #GermanParliament, showed support for the pro-democracy activists in Hong Kong. She uploaded photos of her holding up a sign which said “WE STAND WITH HONGKONG”. She also mentioned that she had made motion in the parliament, urging #Germany and the #EU to show more concern on human rights issues.

Jensen stated that the prosecution of the pro-democracy figures was undoubtedly a political one, and was part of Xi Jinping’s plan to silence the democratic movement in Hong Kong, so that Hong Kong people would give up their hope on freedom and democracy.

Jensen warns that the agenda also applied to the international level. She stressed that international figures could not let themselves get numbed by Hong Kong’s current situation, nor give up on Hong Kong’s democratic advocates.

Source: Stand News #Feb17

#GlobalSupport #JimmyLai #MargaretNg #StandWithHongKong #InternationalSociety
Virtual control: the agenda behind China’s new digital currency

Source: Financial Time #Feb17

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Virtual control: the agenda behind China’s new digital currency

Although no official launch date has been announced, China is intent on becoming the first large economy to introduce a digital currency, showcasing its position as the global leader in payments technology to the world at next year’s Winter Olympics.

China’s digital plan dovetails with broader ambitions for its currency as Beijing hopes the
technology will help promote the renminbi internationally and weaken the US dollar’s
supremacy.

China’s digital renminbi is a “central bank digital currency”, making it in some ways the
opposite of cryptocurrencies such as bitcoin. Its digital format enables the central bank to track all transactions at the individual level in real time. Beijing aims to use this feature to combat money laundering, corruption and the financing of “terrorism” at home by strengthening the already formidable surveillance powers of the ruling Communist party.

Source: Financial Time #Feb17

https://www.ft.com/content/7511809e-827e-4526-81ad-ae83f405f623#uk

#DigitalYuen #China #CBDC #DigitalRenminbi
#WinterOlympics #HumanRights #Shame
Natalie Geisenberger: I’d never returned to China

#NatalieGeisenberger #Luge #IOC #LGBT

Source: Deutsche Welle; #Feb17

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#WinterOlympics #HumanRights #Shame
Natalie Geisenberger: I’d never returned to China

#NatalieGeisenberger, Germany’s #luge champion who took home a sixth gold medal at #WinterOlympic Games this year. She went to Beijing having previously criticised China and even considered boycotting.

“When there’s #HumanRights and the country’s stance on #LGBT, those issues should be taken into consideration by the #IOC (in selecting host nations).”

Geisenberger refused to speak about the human rights issue during the Games.

“You have to be careful when you say what, and where you say it, and I think many are feeling this way. Here on location, I think it’s better not to say too much,” she said on February 8.

Having now returned to Germany, she told newspaper Süddeutsche Zeitung that she will never return to China.

“It’s just not a holiday destination for me, and I wouldn’t go to China for a World Cup either,” Geisenberger continued saying, “it has nothing to do with the pandemic. I wasn’t there because I really wanted to go to China, but because the IOC decided that the Olympic Games would take place in Beijing.

Source: Deutsche Welle; #Feb17
https://p.dw.com/p/47AoV
Australia requests an investigation and an explanation on a Chinese warship irradiating an Australian patrol aircraft with a laser

On #Feb17, a Chinese navy warship used laser irradiating an Australian royal air force patrol at the north of mainland #Australia.

Australian PM, #ScottMorrison, said that Australia requested a full investigation into the incident through diplomatic methods. He also asked China to explain why "a professional defence force" can do such a dangerous act.

Hw tod the press on #Feb21, "This is completely unacceptable to have such an act. As a result, we requested to have an investigation on the warship behaviour... It is very unprofessional for a mature navy to have these dangerous and reckless acts, so we hope China to provide us with an answer."

However, the Chinese Foreign Affairs Ministry spokesperson, #WangWenbin, replied the accusation is not true and claimed the Chinese warship was "sailing normally", "complying with relevant international law".

#NavyWarship #RoyalAirForcePatrol

Source: SBS #Feb22

https://www.sbs.com.au/chinese/cantonese/zh-hant/scott-morrison-demands-full-investigation-into-chinese-laser-incident?cid=alc:soc:bau:con:SBSChineseTelegram::na
World Bank was accused of funding Xinjiang suppression movement

Source: RFI #Feb17

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World Bank was accused of funding Xinjiang suppression movement

According to #SCMP, a report from #AtlanticCouncil, an American think tank, points out that the clients of International Finance Company (#IFC) which is under #WorldBank, are active participants of #Xinjiang suppression with significant evidence.

China was accused of Xinjiang forcing labour, forcing them to leave their land, eradicating their culture, damaging their environment in this movement.

The researchers call the World Bank to leave the Xinjiang region, claiming that the nearly $500 direct loans and the investment to the Xinjiang companies violate the World Bank's "development finance" criteria.

A #Belgian MP said, "the World Bank is not to fund modern slavery but to support the world development. There is no excuse. We have to force the companies which relate to abusive forcing labour to leave the market."

SCMP reports that the Belgian was sanctioned by China due to launching a debate on the Xinjiang #AllegedGenocide in the Belgian parliament.

Source: RFI #Feb17

https://bit.ly/3pVCvuW