ANALYSIS: Hong Kong Stock Market Challenged as Bear Market Persists (Part 1 of 2)The Hong Kong stock market is grappling with the relentless grip of a bear market as foreign funds make a hasty retreat, counterbalanced by an influx of Chinese funds. This complex interplay has cast a shadow over market sentiment, leading to a palpable decline in enthusiasm among investors. As the Chinese Communist Party (CCP) follows a suspected policy of “keep Hong Kong but not its people,” observers note that foreign investment, human freedoms, and human capital are leaving the city. Their place is being filled by Chinese investment and repressive rule. The Hang Seng Index, following its descent below the critical 18,000-point threshold on Aug. 18, embarked on a seven-day consecutive decline, followed by faint signs of an upward trajectory....

Read more

Japanese Telecoms Establish Emergency Hotlines Amid Surge of Harassment Calls From ChinaSince Japan initiated the release of treated nuclear wastewater into the ocean on Aug. 24, it has faced an onslaught of harassing calls from China. The situation has led telecom companies in Japan to set up specialized emergency hotlines. While this wave of calls has baffled and frustrated many Japanese citizens, businesses based in Japan but operating in China are also contending with boycotts. Harassment Calls Disrupt Lives of Regular Japanese Citizens These unsolicited calls have targeted a broad range of sectors in Japan, from government agencies to corporations, non-profits, restaurants, and health care facilities. However, the brunt of these calls is borne by ordinary citizens who have no direct connection to the wastewater discharge issue....

Read more

Ex-Head of CCP Department Now Designated a Spy Agency Met With Canadian Federal Ministers in 2018The former head of a Chinese Communist Party (CCP) department responsible for engaging with foreign political parties met with multiple federal cabinet ministers and the national security adviser to the prime minister during a 2018 visit to Canada. This CCP department was recently designated an “intelligence service” by a German federal intelligence agency. The International Department of the Central Committee of the CCP, also known as the International Liaison Department (ILD), operates “de facto as an intelligence service of the People’s Republic of China and is therefore part of the Chinese intelligence apparatus,” says a “Safety Notice for Politics and Administration” in German....

Read more

China's Alliance With Russia Threatens the Free WorldAnalysis While the West has imposed sanctions on Russia for its invasion of Ukraine, the Chinese regime has been warming up to Russia, providing key economic and military support. U.S. House Foreign Affairs Committee Chairman Michael McCaul (R-Texas) said on Sept. 1 that the alliance between Russia and China worried him. “We have never seen a threat this large scale to Europe and the Pacific, I would argue, since World War II,” he told The Associated Press. Economic Support In the 14 months from February 2022 to March this year, total investment in Russia by the Industrial and Commercial Bank of China (ICBC), Bank of China (BOC), China Construction Bank, and Agricultural Bank of China rose from $2.2 billion to $9.7 billion, according to Russian central bank data. ICBC and BOC accounted for $8.8 billion of that total....

Read more

More Articles …