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Publishing, Media Takeovers Part of China s Two-Pronged Grip on Hong Kong — Radio Free Asia

Readers queue up to buy fresh copies of the Apple Daily newspaper at a stall in Hong Kong early on Aug. 11, 2020, with a front page photo of the paper s founder Jimmy Lai being escorted through the paper s newsroom by police following his arrest under the new national security law, part of a sweeping crackdown on dissent imposed by Beijing. AFP The ruling Chinese Communist Party (CCP) is making further moves towards setting up a media and publishing empire in Hong Kong, as part of a two-pronged strategy to bring the city under its ideological control, the Ming Pao newspaper reported on Monday.

Hong Kong Media Fall to Pro-Chinese Owners

Hong Kong Media Fall to Pro-Chinese Owners
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Hong Kong to Fire 129 Civil Servants Who Refused to Pledge Allegiance

AFP Authorities in Hong Kong on Monday announced plans to start terminate the contracts of civil servants who refused to take an oath of allegiance to the Hong Kong govermment. Secretary for the Civil Service Patrick Nip told lawmakers that 129 out of 170,000 civil servants haven t signed a written declaration of loyalty, with some writing on the form that the requirement infringed their right to free speech. The declaration vows that the officials will bear allegiance to the Hong Kong Special Administrative Region of the People’s Republic of China . and be responsible to the Government of the Hong Kong Special Administrative Region.

Hong Kong Stocks gain ahead of the Lunar New Year holiday

Hong Kong stock market finished session higher on the first day of trading of the Year of the Ox, Tuesday, 16 February 2021, after the Lunar New Year holidays as risk sentiments underpinned on tracking Asia-Pacific markets higher on optimism over a global economic recovery and roll-out of Covid-19 vaccines. At closing bell, the benchmark Hang Seng Index inclined 1.9%, or 573.09 points, to 30,746.66. The Hang Seng China Enterprises Index added 1.31%, or 155.66 points, to 12,036.15. China s mainland markets will remain closed for the Lunar New Year celebrations and are scheduled to reopen on Feb. 18. Shares of energy stocks gained, on tracking firmer commodity prices. PetroChina surged 13.2% to HK$2.75, while CNOOC soared 9.5% to HK$9.54. Sinopec also added 8.1% to HK$4.12.

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