'Beijing Worried Outbreak Will Threaten HK Stability'
"); jQuery("#212 h3").html("

"); });
2022-02-16 HKT 16:15
A vice-president of Beijing's top think tank on Hong Kong said Beijing is concerned that the Covid situation would lead to social instability here, and it would hold the SAR administration accountable if it fails to contain the outbreak.
Lau Siu-kai’s comments on Wednesday came after Wen Wei Po and Ta Kung Pao quoted President Xi Jinping as saying that the SAR government must shoulder the main responsibility of reining in the pandemic.
“If the Covid situation gets out of hand and people’s dissatisfaction accumulates, leading to all sorts of anti-government behaviour… that would not be what the central government wants to see,” he told RTHK.
“From President Xi’s point of view, various measures taken by the central government have righted the wrongs. The prosperity and stability Hong Kong enjoys now are hard-earned, and shouldn’t be ruined by the uncontrollable Covid situation.”
The vice president of the Chinese Association of Hong Kong and Macau Studies said Beijing has increasingly taken up a leadership role in the SAR’s fight against the pandemic.
He said local authorities may now be under pressure to consider measures less welcomed by society, including real-name contact tracing and getting more people vaccinated “through harsher means”.
ZA Bank Brings Nasdaq Data To Hong Kong, Expanding US Stock Access And Investor Education
ZA Bank and Nasdaq have announced a collaboration aimed at enhancing digital wealth management in Hong Kong and interna... Read more
Hong Kong To Study One‑Stop Infrastructure For Equities, Bonds And Digital Assets
The Hong Kong Monetary Authority’s (HKMA) CMU OmniClear and the Hong Kong Exchange (HKEX) are set to begin a study on... Read more
Hong Kong To Issue First Stablecoin Licenses In March, Expand Crypto Regulation
Hong Kong will issue its first licenses for fiat-referenced stablecoin issuers in March and introduce new legislation l... Read more
MSIG Joins US$6B IFC Credit Insurance Facility To Boost Emerging Market Lending
MSIG USA and Mitsui Sumitomo Insurance (MSI Japan), together referred to as MSIG, have joined a new insurance-ba... Read more
Why The $2 Trillion Stablecoin Prediction Is Too Low
McKinsey estimates the stablecoin market will hit $2 trillion by 2028. But according to Sam Lin, COO of dtcpay, even th... Read more
RedotPay Eyes US IPO With Potential US$1 Billion Raise
RedotPay is reportedly exploring an IPO in the US that could raise more than US$1 billion, according to people famili... Read more