Question: between Beijing and Hong Kong, which side do you stand on?
Zhang’s message was also a rarity in that he placed Hong Kong’s fate squarely within the 50-year time frame due to expire in 2047. The Basic Law’s Article 5, says only that China’s “socialist system and policies shall not be practiced” in Hong Kong and the “previous capitalist system and way of life shall remain unchanged for 50 years.” This inspired the popular “50 years without change” slogan that helped ease Hong Kong across the colonial finish line in 1997. But that promise has remained curiously unquestioned by everyone and unexplained by Beijing–until now. Zhang is now saying the 50-year promise does have an actual cut-off date after all, and the midway point is fast approaching. He phrased a question: how will Hong Kong be able to present itself to the nation in 2047, when the time comes for the National People’s Congress to renew the 1997 mandate for a separate autonomous region? https://hongkongfp.com/2020/06/25/national-security-law-a-second-handover-for-hong-kong/
Hong Kong’s Protests Have Cemented Its Identity
Chinese authorities have long sought to sway Hong Kongers, but more and more, residents of the city see it as being distinct from the mainland. https://www.theatlantic.com/international/archive/2019/08/hong-kong-china-protest-identity/596320/
Due to the deep political divide between the two camps, the Legislative Council has had difficulty passing bills, even ones that are not politically sensitive. The situation becomes more complicated when considering the divisions within the pro-establishment and pan-democrat camps. The former is divided by those who support last year’s extradition bill and those who don’t, while the latter is split between traditional pro-democrats and young localists. https://www.caixinglobal.com/2020-07-13/analysis-hong-kongs-legislative-council-election-will-be-a-landmark-one-101579328.html
Isso torna o conglomerado – juntamente com várias outras empresas, incluindo HSBC Holdings e Swire Pacific – sujeita a um escrutínio político mais intenso do que a maioria das multinacionais com presença importante na China e no Ocidente. “Este é um ato de equilíbrio delicado”, disse Jackie Yan, professora de estratégia de gestão na Universidade de Hong Kong. “Ele não quer ser visto por órgãos reguladores de países ocidentais como intimamente ligado ao governo chinês.” Alguns o acusam de ser defensor do movimento pró-democracia de Hong Kong e traidor da China. Para outros – a saber, o governo Trump e seus aliados -, é um partidário do Partido Comunista Chinês em quem não se pode confiar para projetos de infraestrutura crítica. https://www.moneytimes.com.br/homem-mais-rico-de-hong-kong-perde-amigos-na-china-e-no-ocidente/
Veteran politicians from “traditional” pro-democracy parties, typically referred to as “pan-democrats,” are known for often compromising with Beijing, in the hope that appeasement will allow for incremental advances towards democratic freedoms. On the contrary, localists (including myself), who are a newer generation of advocates, see that years of compromise have led to nothing but more severe oppression, and believe in stronger acts of defiance to preserve Hong Kong’s autonomy and local culture. This divide became evident in the imposition of the national security law. Some pan-democrats, such as veteran politician Emily Lau, stated that the Hong Kong legislature should make its own version of national security law rather than through Beijing’s imposition – a stance other localists and I can never agree on. Politician Sam Cheung Ho Sum became a district councillor in 2019 and he will be running in the pro-democracy primaries for the Legislative Council election on 11 and 12 July.
HSBC has broken its silence and offered its support for the national security law that Beijing is drafting for Hong Kong, days after a former city chief who is now a state leader criticised the banking giant for not making its stance on the legislation clear. It posted an article on HSBC China’s WeChat account on Wednesday, with the headline saying the group’s Asia-Pacific CEO had signed a petition supporting the new law. The article noted that the Hong Kong Association of Banks had already issued a statement saying the law would contribute to a stable business environment and raise investor confidence in the city.https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3087457/hsbc-breaks-silence-and-backs-national-security Asked about HSBC's
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