Similar Stories to Hong Kong Protests Hit City's Role As Finance Hub on Bing News

HONG KONG (AP) — Shops in Hong Kong have closed and the local stock market has plunged but protesters are gambling their agitation for greater democracy will pay off by preserving institutions that made this former British colony a profitable asset to China. In the latest blow, mainland authorities on Wednesday suspended group tours to Hong Kong, cutting a critical source of revenue to its growing travel industry. Protests erupted after the communist Beijing government announced candidates in the first direct election of the territory's chief executive in 2017 would have to be approved by a panel dominated by business leaders allied with the mainland. [...] that prosperity depends on an independent, Western-style legal system and civil liberties Beijing promised to preserve through 2047. The strong reputation of its regulatory and legal systems have helped them raise billions of dollars through its stock market from foreign investors. A question for investors is whether the territory "can resolve its political issues so that we have a government that commands basic popular consent to implement economic and structural policies," said Andrew Colquhoun, head of Asia-Pacific ratings for the Fitch ratings agency, in a report. A statement read on the mainland's state TV on Wednesday called on Hong Kong residents to support efforts to "restore social order."

Topics:  hong kong ap     shops   british   china   protests   western-style   andrew colquhoun   asia-pacific   fitch   hong kong   hong kong    a   in   beijing   government   territory   stock   
BING NEWS:
  • Misleading claims in American educational curricula | Utterly Moderate Podcast
    On this episode of the Utterly Moderate Podcast we are joined by political scientist Wilfred Reilly to talk about misleading claims that have made their way into educational curricula.
    05/31/2024 - 12:30 pm | View Link
  • Hong Kong Convicts Pro-Democracy Figures in Case That Cements Beijing’s Control
    A nurse is among 14 opposition activists found guilty of subversion in a ruling that sends a warning against further dissent.
    05/29/2024 - 10:29 pm | View Link
  • Fourteen Hong Kong democrats found guilty in landmark subversion trial
    Fourteen Hong Kong pro-democracy activists were found guilty and two were acquitted in a landmark subversion trial that critics say could deal another blow to the city’s rule of law and its reputation ...
    05/29/2024 - 5:11 pm | View Link
  • Thousands of journalists have fled homelands due to repression, threats and conflict, UN expert says
    UNITED NATIONS — Thousands of journalists have fled their home countries in recent years to escape political repression, save their lives and escape conflict — but in exile they are often vulnerable ...
    05/23/2024 - 2:00 am | View Link
  • Is former Hong Kong leader Carrie Lam’s HK$9 million-a-year office sign of respect or ‘ridiculous’ use of public money?
    Lam got her plush office in Admiralty as there was no space in building shared by former city leaders But lawmakers have questioned rising expenses of ex-leaders amid lack of clarity over roles after ...
    05/16/2024 - 1:30 pm | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More World News