Browsing Tag
Hong Kong
161 posts
Markets mostly rise on rate hopes but China fears weigh
Markets rose as global interest rate hikes subdued inflation, allowing central banks to adopt a softer monetary policy. Investors hoped for Beijing’s support amid weak data, while Wall Street’s strong earnings were tempered by Netflix and Tesla reports. Cautious optimism persisted, given the receding risk of recession but lingering concerns over China’s economy.
Beijing appoints Hong Kong national security commissioner
Beijing has appointed Dong Jingwei as Hong Kong’s commissioner of national security, overseeing Chinese security agents in the city under the national security law.
The position had been vacant since January. The move comes as Hong Kong plans to create a law focused on espionage.
Australia fears China’s latest Pacific deal could stoke tensions
Australia has expressed concerns over China’s policing pact with Solomon Islands, urging transparency and stating that it threatens to escalate tensions in the South Pacific. China’s increasing influence in the region has raised alarm among Western powers.
Hong Kong jails first person under cannabidiol ban
A 32-year-old woman was jailed in Hong Kong for bringing CBD into the city, the first conviction under the recent ban. Possessing or consuming CBD can lead to up to seven years in jail and hefty fines.
Hong Kong officials argue that CBD can be converted into the illegal compound THC. Despite the ban, CBD remains popular globally and is expected to be a US$47 billion industry by 2028.