Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

News

G7 concerns over New Hong Kong Leader

Published

on

There are widespread concerns about Hong Kong’s new leader-to-be, John Lee

The G7 has expressed its concerns about the legitimacy of the selection process and what it will mean for the people of Hong Kong. 

“The current nomination process and resulting appointment are a stark departure from the aim of universal suffrage and further erode the ability of Hong Kongers to be legitimately represented. We are deeply concerned about this steady erosion of political and civil rights and Hong Kong’s autonomy.”

Activist in exile, Francis Hui says that there is no system in place that gives people of Hong Kong a chance to participate in democracy.

“We have never actually had true democracy to elect our own leader. There has never been a system developed for our people to vote” Hui says.

“John Lee didn’t even have to please anyone in Hong Kong, because those are not the people who are going to vote for him. It’s Beijing and its supporters.”

Naming it a ‘puppet show’, Human Rights Watch says the so-called election has been an expensive one-man show. 

“The Hong Kong government has budgeted HK$228 million (US$29 million) for this one-man “election.” There are “election” posters; there is even an “election” “forum”—featuring only Lee— without a live audience.”

Concerns over rights and freedoms

The current National Security Law “dismantled the city’s freedoms” according to Human Rights Watch.

“It has decapitated Hong Kong’s pro-democracy movement, arrested hundreds of protesters and others for exercising their freedom of speech, shut down outspoken media, civil society groups, and businesses, set up a hotline to encourage people to inform on each other, and otherwise create a climate of fear.”

Though the international community continues to show concern, Hui says it’s time to do more than condemn Beijing.

“It’s really time for us to go further beyond just condemnation and to do something to contain the authoritarian practice of the CCP.”

Lee has been outspoken in supporting the abuse against the Uyghrys in Xinjiang and is well-known for his hardline approach to freedom of speech.

Bigger challenges

Hong Kong is a financial hub attempting to relaunch itself after several years of political upheaval. 

However, many people are now fleeing the country, dissatisfied with the administration.

“They really persist on their way to have zero cases in the city, which makes the international community, especially business people worry about the future of Hong Kong to continue to be the international financial hub.” says Hui.

“Continuously we’ll see more people being involved in this migration wave because of the political situation in Hong Kong.” 

Future of democracy in Hong Kong

Hui says it’s difficult to know whether democracy could be restored.

“What we can do is to continue to spread words and to raise awareness and to push for any action by foreign countries.”

“I believe people on the ground will continue to use their strength and their courage to continue to fight for freedom and to stand for our values.”

Katerina Kostakos contributed to this article.

Continue Reading

News

Markets brace for pivotal week following renewed US-China trade talks

Global markets brace for US-China trade talks, earnings, and inflation data impacting investor sentiment and central bank outlook.

Published

on

Global markets brace for US-China trade talks, earnings, and inflation data impacting investor sentiment and central bank outlook.


Global markets prepare for a critical week as US–China trade talks, major earnings, and inflation data could shift investor sentiment and central bank expectations.

Kyle Rodda from Capital.com breaks down the key risks and opportunities.

#GlobalMarkets #USChinaTrade #Inflation #EarningsSeason #Investing #FederalReserve #AUD #Tesla #Netflix #MarketUpdate


Download the Ticker app

Continue Reading

News

Global markets steady ahead of CPI

Global equities stay strong near record highs as investors await US CPI data to assess central bank decisions.

Published

on

Global equities stay strong near record highs as investors await US CPI data to assess central bank decisions.


Global equities remain resilient, with Wall Street, Europe, and Asia near record highs as investors eye Friday’s US CPI data to gauge central bank moves.

Market watchers note cautious optimism amid ongoing volatility.

#GlobalMarkets #CPI #WallStreet #Equities #Investing #CentralBanks #RBA #Fed #USMarkets #MarketUpdate


Download the Ticker app

Continue Reading

News

US sanctions Russia’s top oil giants

US sanctions on Rosneft and Lukoil aim to pressure Moscow amid oil price surges; impact depends on enforcement.

Published

on

US sanctions on Rosneft and Lukoil aim to pressure Moscow amid oil price surges; impact depends on enforcement.


The US has imposed new sanctions on Rosneft and Lukoil, aligning with Europe to pressure Moscow amid rising oil prices and global market tensions.

Analysts warn the real impact will hinge on enforcement and international response.

#Russia #USSanctions #Rosneft #Lukoil #OilMarkets #Geopolitics #EnergyCrisis #DonaldTrump #EU #GlobalTrade #Moscow


Download the Ticker app

Continue Reading

Trending Now