Henley & Partners, a British investment migration consultant company, has recently released the Private Wealth Migration Report 2023. The report predicts the upcoming global trend of the outflow and inflow of wealthy people. China will experience the most loss of wealthy people in the world in 2023, with a total outflow of 13,500 people. Meanwhile,…
UK Wealth Migration Report: Hong Kong Loses 1,000 Millionaires While China Bids Farewell to 1,3500 High Net Worth Individuals
US Trafficking in Persons Report Ranks Hong Kong as Tier 2, Still Below Minimum Standard
June 19, 2023
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On June 15, the U.S. State Department released the 2023 Trafficking in Persons Report, upgrading Hong Kong from the Tier 2 Watch List to Tier 2. The report also mentioned last year’s scams to individuals traveling from Hong Kong to Southeast Asia. The report categorizes countries or regions around the world into different categories, including…
Beijing Blames Hamsters and Mail for New Virus Outbreak; Rex Lee Explains Olympic App Security Flaws
January 21, 2022
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Around 2,000 hamsters were killed and foreign letters disinfected in China’s latest total “zero COVID” challenge. Will the counttry succeed in preventing Omicron from interfering with the Olympic Games? We take a look at the most shocking measure the Chinese regime has come up with. Researchers find that the mandatory app Beijing wants everyone to…
Chinese Property Debt Issuers Face ‘Evergrande Premium’ as Worries Mount
Analysis HONG KONG—As uncertainty looms over cash-strapped China Evergrande Group, seizing up China’s junk bond market, pressure is building on its peers to access fresh funding to repay notes worth nearly $300 billion due over the next two years. Once its top-selling developer, Evergrande now looms as one of China’s largest-ever restructurings as a crackdown…
China Evergrande Chairman Says to Ensure Home Deliveries and Wealth Product Redemptions
HONG KONG—Cash-strapped developer China Evergrande Group said it held an internal meeting late on Wednesday night, in which its chairman urged company executives to ensure the quality delivery of properties and redemption of wealth management products. There is mounting political pressure on the company to act as homebuyers and retail investors grow increasingly angry about…
Hong Kong Media Group Next Digital Says It Aims to Wind Down, Board Quits
HONG KONG—Hong Kong media group Next Digital Ltd announced on Sunday that it aimed to go into liquidation and its board of directors had resigned to facilitate the process. Next Digital is owned by jailed tycoon Jimmy Lai and was the publisher of Apple Daily, a popular pro-democracy newspaper that closed in June after its…
Hong Kong Halts Taipei Office, Citing Support of Democracy Activists
Hong Kong suspended the operation of its representative office in Taipei, accusing Taiwan of giving succor to pro-democracy activists in a strongly worded statement issued on Friday. The Hong Kong government said its decision early this week to close the Hong Kong Economic, Trade and Cultural Office (HKETCO) in Taipei was due to the actions…
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