Sheung Wan Protests Fail To Rattle Businesses
"); jQuery("#212 h3").html("

"); });
2019-07-29 HKT 19:39
Businesses in Causeway Bay and Sheung Wan seem to have taken the disturbances in their stride even after clashes between protesters and police made some streets resemble battlefronts.
Many rounds of tear gas and rubber bullets were fired as protesters launched attacks against the police. The clashes lasted hours, in some cases trapping some innocent bystanders.
Lottin, a French restaurant manager in Sheung Wan, said they had 50 percent less business on Sunday night due to protests and police clearance in the area.
But he was not worried the ongoing anti-extradition campaign would have a lasting effect on his business, as demonstrations haven't been focused in one place, but happen in different areas every time.
The manager said they did smell the tear gas, but not too strongly as it was far away.
They saw people running outside the diner and the manager closed the shutters to keep their customers safe. When things calmed down, the diners left and the restaurant closed.
Lai, a boutique owner in Causeway Place, said she expects business to suffer. She feels revenue will fall 20 to 30 percent in June and July compared to last year.
But she didn't blame this on protesters. Lai said they’re peaceful and she supports their cause too.
Hikaru Ono, a cafe manager in Sheung Wan said their July revenue also fell by roughly 10 percent compared to June. Their shop is usually busy on weekend afternoons, but it is now much quieter.
He said he closed his cafe at 6pm on Sunday as usual. Some protesters were outside the shop but they were peaceful, he said.
A Causeway Bay hotel co-owner said they offered places for several protesters who had trouble going home last night because of transport disruption.
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
