Hong Kong national security law

Jimmy Lai, the media mogul who owns the pro-democracy Apple Daily newspaper, warned investors not to buy his Next Digital Ltd. media empire’s stock because the company’s fundamentals don’t justify its recent rally.

Hong Kong media tycoon Jimmy Lai said he was arrested on “trumped up” charges, pushing back against landmark national security legislation that has raised questions about press freedoms and the future of the democracy movement.

Briefs: MAS commits $250 mil, Airbnb close to filing for IPO, and HK tycoon Jimmy Lai says arrest took him by surprise.

China said it will sanction 11 Americans in retaliation for similar measures imposed by the US on Friday, but the list doesn’t include any members of the Trump administration.

The Hang Seng Index fell 0.6% on Monday to close at a six-week low. Top of investor concerns is deciphering the impact on the city’s listed firms from a host of measures taken in the Chinese and U.S. capitols.

China said it will sanction 11 Americans in retaliation for similar measures imposed by the US, but does not target any members of the Trump administration.

Lam was sanctioned because she is “directly responsible for implementing Beijing’s policies of suppression of freedom and democratic processes,” the US Treasury Department said.

As China strengthens its hold on Hong Kong with a new security law, residents considering an escape are coming to grips with the sacrifices they’ll face.

The Southeast Asian region is only gradually coming to grips with the Covid-19 pandemic, but it does not have the luxury of postponing action to tackle the longer-term dangers that it faces.

Hong Kong remains a “formidable” financial centre even though inquiries from businesses looking to come to Singapore are picking up amid the uncertainties in the Chinese territory, said the chief of Singapore’s financial regulator.