Former CE Calls For Action Against "yellow Shops"

"); jQuery("#212 h3").html("

"); });
2020-05-03 HKT 16:42
Former Chief Executive CY Leung on Sunday stepped up the rhetoric against opposition forces, urging people to report the so-called "yellow businesses" that support the anti-government protests for suspected violations of laws and regulations.
In a social media post, Leung, who is now a vice-chairman of the Chinese People's Political Consultative Conference, criticised anti-government protesters for damaging a large number of shops during the protests, such as restaurants under the Maxim's group.
He said he's against the use of violence to retaliate, but that people could report to relevant government departments, pro-government lawmakers or Leung himself if they found any of the "yellow businesses" to have violated any buildings, fire services or hygiene regulations, such as suspected illegal structures and dripping air-conditioners.
Beijing’s liaison office on Saturday criticised opposition lawmakers, saying some of them had disregarded free-market principles to promote the so-called “yellow economy”.
Why Financial Crime Keeps Rising, Even After $200 Billion In Compliance Costs
Despite spending over $200 billion globally on compliance, financial crime continues to surge. AI, deepfakes, and scam ... Read more
Cathay United Bank Launches First Private Banking Operations At Taiwans New Asset Management Hub
Taiwan has launched a new Asset Management Hub in Kaohsiung, aimed at accelerating the development of onshore private b... Read more
OCBC Hong Kong To Launch Serial Entrepreneur Financing By End-2025
OCBC Hong Kong has announced a new financing initiative by OCBC Group aimed at supporting serial entrepreneurs in Hong ... Read more
Hex Trust CEO Joins Hong Kongs Web3 Task Force
Alessio Quaglini, CEO and Co-founder of Hex Trust, has been appointed as a non-official member of the Hong Kong SAR Gov... Read more
E-Wallets Vs Digital Banks: Whats The Winning Fintech Model In Southeast Asia?
At Money20/20 Asia, we sat down with Jaykie Tan, Head of Business Development APAC at Mambu, and Cecilia Tan, Regional ... Read more
Hong Kong Introduces Anti-Scam Charter 3.0 To Tackle Online Financial Fraud
The Hong Kong Monetary Authority (HKMA), the Securities and Futures Commission (SFC), the Insurance Authority (IA), and... Read more