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Global investors are gaining power from China's debtors to the mainland


Global investors are gaining power from China’s debtors to the mainland
Foreign investors in failed Chinese groups may be given powers to liquidate the continent’s assets with Hong Kong, which aims to boost business confidence in the country’s legal system.
The mechanism will force the courts of Shanghai, Shenzhen and Xiamen to recognize the bankruptcy orders filed by the creditor companies in Hong Kong, a channel for Chinese companies raising money from global investors. This means that investors can more easily seek out Chinese business assets on the mainland to recoup their money. The scheme could be extended to more Chinese cities in the future. ....

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Hong Kong's Jimmy Lai Sentenced to 14 Months Amid Crackdown


Hong Kong’s Lai and Other Top Activists Sentenced Amid Crackdown
Bloomberg
28 mins ago
(Bloomberg)
Hong Kong media tycoon and pro-democracy activist Jimmy Lai was sentenced Friday to a total of 14 months in prison for attending unauthorized protests and charged with more national security offenses as authorities pursue a deluge of cases against the city’s most high-profile dissidents.
Lai, 73, and the founder of the pro-democracy Apple Daily newspaper, was sentenced alongside other prominent activists for participating in two protests not approved by police in August 2019, at the height of the city’s unrest.
For one of these protests, Hong Kong’s “father of democracy” Martin Lee, 82, was handed a suspended sentence in the same case, as were senior lawyers and former lawmakers Margaret Ng, 73, and Albert Ho, 69, in recognition of their advanced ages and contributions to society, District Court Judge Amanda Woodcock said. ....

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