China’s Point Man On Hong Kong To Visit The City, SCMP Reports
(Bloomberg) -- Beijing's top official in charge of Hong Kong will travel to the financial hub this week to solicit views on a proposed domestic security law, the South China Morning Post reported.
Xia Baolong, who leads the Hong Kong and Macau Affairs Office, will arrive on Thursday for a six-day visit, the newspaper said, citing people familiar with the matter whom it didn't identify. The trip is to include meetings with Chief Executive John Lee, representatives from the private sector and others.
The reported visit comes as at a crucial time for Hong Kong's political and economic future. Lee's decision to enact domestic security legislation has renewed concern among some members of the finance community over a potential chilling effect on open discussion of economic and policy issues.

Read More: Hong Kong's New Security Law Brings Anxiety to Finance Hub
Hong Kong's proposed sweeping definition of state secrets under Article 23 would bring the city more in line with mainland China's vague laws around such information and espionage, which have spooked investors.
Xia visited Hong Kong in April last year, when he delivered a keynote address at a ceremony for the city's National Security Education Day.
“While Hong Kong may appear to be peaceful and calm, there are indeed undercurrents,” he said then. “The root causes for ‘chaos' have not yet been eliminated, and the foundation of ‘orderly governance' needs to be fortified.”
In 2020, Beijing tightened its grip over the city by imposing a broad national security law, a move that followed historic and sometimes violent protests in the former British colony.
Read More: Why Hong Kong Is Drafting Another National Security Law: Q&A
More stories like this are available on bloomberg.com
©2024 Bloomberg L.P.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.