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.
TOPPAN Edge Becomes Japans First Qualified VLEI Issuer
The Global Legal Entity Identifier Foundation (GLEIF) has announced TOPPAN Edge, a subsidiary of TOPPAN Holdings that p... Read more
SFC And Dubais DFSA Partner On Cross-Border Regulatory Cooperation
The Dubai Financial Services Authority (DFSA), the independent regulator of the Dubai International Financial Centre (D... Read more
Toss To Launch Finance Super-App In Australia, Plans Won-Based Stablecoin
South Korea’s fintech unicorn Toss is preparing to launch its finance super-app in Australia before the end of this y... Read more
China Funds Research On Stablecoins And Cross-Border Oversight
China’s largest government-backed research funder has begun accepting applications for studies on stablecoins and the... Read more
XTransfer, CZBank Shanghai Branch Form Cross-Border Finance Partnership
XTransfer has entered into a partnership with the Shanghai branch of China Zheshang Bank (CZBank). The agreement was si... Read more
Brinc Launches VentureVerse Through Acquisition Of OG Club
Brinc, a Hong Kong-based venture acceleration and corporate innovation firm, has acquired OG Club, a decentralised auto... Read more