Police Block HK Alliance From Bank Accounts, Property
"); jQuery("#212 h3").html("

"); });
2021-09-29 HKT 15:45
National security police have frozen assets belonging to the Hong Kong Alliance in Support of Patriotic Democratic Movements of China, days after members voted to dissolve the group.
The police order involved bank accounts and property in Mong Kok where the now-shuttered June 4 museum had operated.
Earlier this month, the force charged several key members of the alliance with inciting subversion of state power, saying in a statement at the time that it had frozen HK$2.2 million in assets. Officers also raided the museum.
Richard Tsoi, a member of the group, said the police’s latest move was unnecessary given that the alliance had already begun legal procedures to liquidate.
He said in a statement that he would write to the police to demand the release of the assets so that he could continue liquidating the alliance.
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
