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...In some ways, Lai’s life follows the typical trajectory of Hong Kong’s self-made billionaires....
...After Taiwan’s presidential election last month, China was quick to rebuke the countries that congratulated the winner, Lai Ching-te, who Beijing has labelled a separatist....
...” against Hong Kong and Beijing....
...Jimmy Lai, the Hong Kong media tycoon and former owner of the now-defunct Apple Daily newspaper, has appeared in court in a long-delayed national security trial that could put him in prison for life....
...A representative from a western business chamber said it was “concerning” that Hong Kong was increasingly mirroring mainland China in prioritising national security....
...Many of the city’s leading democrats are Catholic, including media mogul Jimmy Lai, who is on trial for alleged national security crimes, barrister Martin Lee and Joseph Zen, former bishop of Hong Kong....
...Analyst Nick Lai flagged concerns over the company’s slow rollout of models and an increasingly crowded Chinese EV mass market....
...“If this interference succeeds, then Taiwan would not be electing a president but a chief executive, it would become like Hong Kong,” he added....
...“It would become like Hong Kong.”...
...Insurance group Prudential’s new business profit rose by about 45 per cent to $3.1bn last year, as its core business in Hong Kong continued to recover from the impact of coronavirus restrictions....
...“Right now it’s very difficult” to do business in China, he said, adding that he expected it to take another year or so for demand to return....
...Ed Tang, who co-runs the advisory business Art-Bureau out of Hong Kong, New York and London, is of a similar mind....
...US’s state department said it was “alarmed” by the sweeping new law, while Lord David Cameron, the UK’s foreign minister, said the law would make it harder for those who do business in Hong Kong....
...But now that Lai has won the presidency, Beijing has toned down its rhetoric....
...South Korea publishes the results of its business survey for April. Australian inflation data for February is due....
...Hong Kong’s benchmark Hang Seng index was flat. Ecommerce giant JD.com’s Hong Kong-listed shares rose more than 8 per cent after revenues exceeded analysts’ expectations....
Beijing says Lai Ching-te’s victory ‘does not represent majority public opinion’
...In Hong Kong, a city that is adapting to life under a Beijing-imposed national security law and introducing its own version of it, global companies are bringing in practical barriers to doing business....
...“That is a loss for China, too,” said Lai....
...Events: Former Hong Kong media magnate Jimmy Lai appears in court on two counts of conspiracy to collude with foreign forces to endanger national security and a count of conspiracy to print inciting publications...
...While top local officials have said they met no opposition from foreign businesses and consulates in the city in closed-door meetings, many western governments and business chambers representatives have...
...Alibaba’s Hong Kong shares lost 6.6 per cent despite announcing a large share buyback as revenue from the company’s previously dominant domestic ecommerce business missed expectations amid increasingly fierce...
...China yesterday lashed out at the US, UK and Japan for congratulating Lai on his victory. China in the past has denounced Lai as a dangerous separatist....
...Guangdong Gary Lai, a chef who runs a Michelin-recommended noodle soup restaurant in Hong Kong, is still waiting for the roughly 1,000 sq ft apartment he bought in Zhaoqing two years ago for Rmb1.1mn to...
...“This mutually beneficial agreement aligns with UBS’s strategy of winding down and simplifying its non-core and legacy portfolio and with Apollo’s continued momentum in growing [securitised products business...
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