'Granting Jimmy Lai Bail Severely Hurts Rule Of Law'
"); jQuery("#212 h3").html("

"); });
2020-12-27 HKT 12:09
An article in the official People's Daily newspaper has criticised the High Court for granting Apple Daily founder Jimmy Lai bail, saying that has drastically hurt the city's rule of law.
The paper described Lai as a "serious offender" of the national security law, and questioned who would shoulder responsibility if he absconded or "continued to wreck Hong Kong".
The article added that Lai is an "extremely dangerous" person, and it is "beyond imagination" that he was released on bail.
It stressed that under the law, a judge should not grant bail unless he or she has very good reason to believe that the suspect won't continue endangering national security.
The newspaper also questioned whether Lai should be transferred into the central government’s jurisdiction, saying many of the media tycoon's past actions, such as publicly calling on overseas governments to sanction Hong Kong, warrant mainland intervention.
The High Court released the pro-democracy tycoon last Wednesday on a HK$10 million bail, under strict conditions which include a ban on leaving his home, giving interviews, meeting foreign officials or using social media.
Government prosecutors have reportedly filed for an appeal over his bail to the city's top court, and sources say the Court of Final Appeal is slated to hold a hearing on Thursday morning.
Lai is charged under the national security law with colluding with foreign powers, and faces a separate fraud charge in relation to his business use of Next Digital's headquarters in Tseung Kwan O.
Vietnam And South Korea Launch Cross-Border QR Payments
Vietnam and South Korea have launched cross-border QR payments that allow Korean users to pay merchants in Vietnam thro... Read more
WeChat Pay Integrates With Local QR Networks In 5 Asian Countries
WeChat Pay has integrated its service with national QR code networks in five Asian countries, simplifying cross-border ... Read more
Global Transition Finance Ecosystem Gains Momentum
The global transition finance ecosystem is gaining momentum. According to new research by the Hong Kong Institute for M... Read more
Banking Circle Taps PayGate To Ease KRW Cross-Border Payments Into South Korea
Global payments bank Banking Circle will now handle cross-border transactions and settlement flows for South Korean pay... Read more
Equinix AI Discovery Hub Opens In Hong Kong For Enterprise AI
Digital infrastructure company Equinix is partnering with Hewlett Packard Enterprise (HPE) to launch the Equinix AI Dis... Read more
Tencent, Alibaba Eye DeepSeek Stake As AI Startup Tops US$20B Valuation
Chinese tech giants Tencent and Alibaba are in discussions to invest in AI startup DeepSeek, The Information reported, ... Read more
