Anti-parallel Trade Activist Attacked In Sha Tin
"); jQuery("#212 h3").html("

"); });
2019-08-19 HKT 11:16
An activist who is against the so-called parallel trade was attacked by several men in Sha Tin on Sunday night and is now being treated in hospital.
Ronald Leung said he was attacked by a group of men with rattan sticks and other objects around 11pm on Sunday night, according to Yuen Long anti-violence protest organiser Max Chung, who visited him in hospital.
Leung is the convenor of the North District Parallel Imports Concern Group, which opposes the influx of traders from the mainland who buy goods in Hong Kong to resell across the border, leveraging the SAR's lower taxes, and the perceived higher quality of some goods here. Local residents in the border towns say this has disrupted their lives.
Chung said Leung also told him that the men said the attack was just a warning, and told him not to cause any trouble.
Leung said that he was walking along the Shing Mun River on Sunday night when he was pounced on.
He said when he turned around to see who was grabbing him, some white powder was sprayed in his face. Then they started attacking, he said, adding one of them called out his name and warned him not to "stir up things".
Leung said there have been some protests by anti-parallel trade activists recently and some people were intimidated by this.
"I don't know if this attack is related to those things," he said.
Leung said that the attackers spoke with local accents and seemed to know what he does. He said he believed that he had been followed by them for some time and suspected this was a warning orchestrated by some powerful people.
Leung said this attack will not silence him and he will continue to speak out on the parallel trade issue.
EX.IO Partners With Franklin Templeton To Expand Tokenised Assets In Hong Kong
EX.IO, a licensed virtual asset trading platform in Hong Kong, has formed a strategic partnership with global investmen... Read more
HKMC Prices HK$12 Billion Digital Bond Issuance, Largest Globally
The Hong Kong Mortgage Corporation Limited (HKMC) has priced its inaugural digital bond issuance, raising approximately... Read more
MUFG, SMFG And Mizuho Plan Joint Yen Stablecoin By March 2027
Three of Japan’s largest financial groups, MUFG, SMBC, and Mizuho, plan to jointly issue a stablecoin by March 2027, ... Read more
TransUnion Launches Free Credit Reports For Lost HKID Holders In Hong Kong
TransUnion is offering a one-time free credit report to eligible individuals in Hong Kong who have lost their Hong Kong... Read more
Why HSMs Are Becoming Essential For Digital Asset Key Security
Conversations revolving around digital asset finance often return to the blockchain, but Shaun Chen’s concern sits cl... Read more
Webinar: The Deepfake Threat And What APAC Financial Institutions Are Doing About It
Generative AI is making fraud more convincing and easier to scale. Reports of Gen AI-enabled scams rose 456% between Ma... Read more
