Lam said the measures were the result of a three-way tug of war between considerations related to public health, economic impact and social acceptability and that the city may need to co-exist with the virus for a period of time. … [Read more...] about Covid-19: Hong Kong to impose most severe social distancing restrictions
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Manipulating Hong Kong LegCo election won’t be allowed: spokesperson
BEIJING, July 14 (Xinhua) -- A spokesperson for the Hong Kong and Macao Affairs Office of the State Council said Tuesday that it will never allow any illegal manipulation in the Legislative Council (LegCo) election in the Hong Kong Special Administrative Region (HKSAR). … [Read more...] about Manipulating Hong Kong LegCo election won’t be allowed: spokesperson
HSBC to set up an IFSC banking unit at GIFT City
Hong Kong and Shanghai Banking Corporation (HSBC), one of the largest financial services organisations in the world, has decided to set up an International Financial Service Centre (IFSC) in Gujarat International Finance-Tec (GIFT) City,as per a joint release issued by HSBC and GIFT SEZ Authority on July 13. The global banking major has received an in-principle approval from the GIFT SEZ Authority to set up an IFSC Banking Unit (IBU) at GIFT and the approval is subject to other regulatory approvals. The proposed commencement of the IBU by HSBC marks a landmark for India’s IFSC business and establishes GIFT City as a globally competitive international financial centre.Surendra Rosha, Group General Manager and CEO HSBC India, said: “We have been closely partnering the development of GIFT City and are pleased with the rapid progress it has made, offering a great value proposition to global financial institutions. Our proposed IBU at GIFT IFSC, subject to other regulatory … [Read more...] about HSBC to set up an IFSC banking unit at GIFT City
US starts paring back HK’s special status
The US moves come as the top decision-making body of China's parliament deliberates a draft national security law for Hong Kong that pro-democracy activists fear will be used to eliminate dissent and tighten Beijing's control. … [Read more...] about US starts paring back HK’s special status
China’s ethnic groups’ rights detailed
Kalsang Drolma, a researcher at the China Tibetology Research Center, spoke of the achievements in the development of human rights in Tibet in a presentation backed by statistics. She underlined that the people in Tibet's political rights to their language and culture and to freedom of religious belief have been fully guaranteed. … [Read more...] about China’s ethnic groups’ rights detailed
