UK firms fear China’s revenge over Huawei and Hong Kong

Mr Rous said many of the Council’s members felt the Government had not fully explained the reasons behind its U-turn on Huawei. “It is the sovereign right of any government to change policy but we want to understand, what is the evidence base for this?” he said. Dominic Raab, the Foreign Secretary, has blamed US sanctions.

A source in the business community in Beijing said there was concern among businesses about the potential impact on the UK-China relationship of “very negative” language coming out of Westminster. “British businesses as much as anybody want to have a robust conversation on the

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HSBC under fresh pressure over claims it checks Hong Kong clients’ pro-democracy links

Bob Seely, a Conservative MP, said it was appalling if HSBC is involved in carrying out such checks and that aiding the destruction of Hong Kong’s political and economic freedoms is “entirely wrong”. 

He said: “This is how democracy dies in reality. It’s not so much with the high profile arrests but the day to day outlawing of perfectly legal political activity.

“I think the lack of respect shown for Hong Kong’s traditions by HSBC is really going to hurt it in other parts of the world.”

HSBC has faced growing pressure in the UK over its public support for

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How Britain could become home to a new Hong Kong

Hong Kong’s ‘one country, two systems’ status is gravely under threat. 

Local dissatisfaction is so great that even last October, a survey by the Chinese University of Hong Kong found that 40pc of the city’s 7.5 million residents were interested in emigrating. 

Now, the question mark over the future of the city’s democratic freedom is so ominous that the British Government has said it will offer visas to the nearly 3 million people in Hong Kong who either hold or are eligible to apply for a British National Overseas passport. 

But one maverick Hong Kong property developer is taking the

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JD.com climbs on Hong Kong debut with more new stocks to follow

HONG KONG — JD.com shares rose 3.5% on their Hong Kong trading debut on Thursday after the company raised as much as $3.88 billion in the city’s largest listing so far this year, sending an encouraging signal for companies lining up to raise capital.

China’s second-largest online retailer’s shares closed at 234 Hong Kong dollars ($30.19), compared with an issue price of HK$226. The shares had initially surged to HK$239.

The trading debut coincided with the conclusion of JD.com’s largest annual sales event, which began June 1. Buying volumes for the “618” festival had reached 239.2 billion yuan by mid-afternoon,

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