Stand News Articles Removed, Directors Resign
"); jQuery("#212 h3").html("

"); });
2021-06-27 HKT 22:37
The pro-democracy web media, Stand News, on Sunday said it's decided to stop accepting monthly sponsorship from readers and shelve older commentaries for now, saying "speech crimes" have arrived in Hong Kong.
The moves come days after another pro-democracy newspaper, Apple Daily, was forced to fold following an asset freeze because of a national security probe.
Stand News also said it's temporarily removed commentaries written by its bloggers and readers from May this year and before, until they've decided that it's appropriate for the news platform to publish them again.
In an announcement made on Sunday night, the news platform said it didn't want to waste the donations from supporters in the event that it gets banned.
So, it will soon stop its monthly membership sponsorship scheme, and suspend receiving donations.
"We have enough money to run for another nine to 12 months. If necessary, we will seek help again from Hongkongers in future," Stand News said.
It's terminated the employment contracts of its journalists to protect them, and compensated them with pay higher than legally required. The vast majority of them have decided to stay - on new contracts.
The platform also said most of its directors, including barrister Margaret Ng, singer Denise Ho and columnist Joseph Lian, have accepted recommendations to resign.
Two founding directors, Tony Tsoi and chief editor Chung Pui-kuen, will stay on, and the news outlet will continue its editorial guidelines, saying it will set no boundaries for its reporting.
Stand News, which was founded after the Umbrella Movement in 2014 - is one of the most popular online news outlets in Hong Kong.
In July that year, months before the protests broke out, Tsoi had abruptly closed down House News, a similar news platform he had founded in 2012.
ZA Bank Brings Nasdaq Data To Hong Kong, Expanding US Stock Access And Investor Education
ZA Bank and Nasdaq have announced a collaboration aimed at enhancing digital wealth management in Hong Kong and interna... Read more
Hong Kong To Study One‑Stop Infrastructure For Equities, Bonds And Digital Assets
The Hong Kong Monetary Authority’s (HKMA) CMU OmniClear and the Hong Kong Exchange (HKEX) are set to begin a study on... Read more
Hong Kong To Issue First Stablecoin Licenses In March, Expand Crypto Regulation
Hong Kong will issue its first licenses for fiat-referenced stablecoin issuers in March and introduce new legislation l... Read more
MSIG Joins US$6B IFC Credit Insurance Facility To Boost Emerging Market Lending
MSIG USA and Mitsui Sumitomo Insurance (MSI Japan), together referred to as MSIG, have joined a new insurance-ba... Read more
Why The $2 Trillion Stablecoin Prediction Is Too Low
McKinsey estimates the stablecoin market will hit $2 trillion by 2028. But according to Sam Lin, COO of dtcpay, even th... Read more
RedotPay Eyes US IPO With Potential US$1 Billion Raise
RedotPay is reportedly exploring an IPO in the US that could raise more than US$1 billion, according to people famili... Read more
