Christopher Hui
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Christopher Hui
Christopher Hui Ching-yu (; born 1976) is a Hong Kong politician and government official. Since 2020, he has been Secretary for Financial Services and the Treasury. Biography Hui is the son of a veteran pro-Beijinger Hui Wang-chuen who is a leader of one of the major Fujian associations in Hong Kong. His sister, Florence Hui, was an Under Secretary for Home Affairs. His wife, Rita Chan, is a managing director at J.P. Morgan. Hui received his bachelor's degree from the University of Oxford, and his Master of Business Administration from the INSEAD graduate business school. In 1999, he was admitted as an Administrative Officer in the Government and served in the Economic Development Branch, the Office of the Government of the Hong Kong Special Administrative Region in Beijing and the Home Affairs Department until 2003. After he left the government in 2003, Hui worked in the banking sector and became a managing director at Hong Kong Exchanges and Clearing for 12 years. He was als ...
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Xu (surname 許)
Xu () is a Chinese surname, Chinese-language surname. In the Wade-Giles system of Romanization of Chinese, romanization, it is romanized as "Hsu", which is commonly used in Taiwan. It is different from Xu (surname 徐), which is represented by a different character. Variations Other Chinese varieties In Cantonese, 許/许 is transcribed as Heoi in Jyutping and as Héui in Yale romanization of Cantonese, Yale Romanization; customary spellings include Hui, Hoi or Hooi. In Hokkien, 許/许 is transcribed in Pe̍h-ōe-jī as Khó͘ and in Tâi-lô as Khóo. In Teochew dialect, Teochew, 許/许 is spelled as Kóu, and customarily as Koh, Khoh, Khor, Khaw or Ko. In Fuzhou dialect, Fuzhou, 許/许 is spelled as Hii, Hee or Hoo. In Hakka people, Hakka, 許/许 is spelled as Koo. Other languages In Japanese language, Japanese, 許 is transliterated as Yurusu, Bakari, or Moto and in Sino-Japanese vocabulary, Sino-Japanese as Kyo or Ko. In Singapore, 許/许 is spelled as See. In the ...
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Pro-Beijing Camp (Hong Kong)
The pro-Beijing camp, pro-establishment camp, pro-government camp or pro-China camp refers to a political alignment in Hong Kong which generally supports the policies of the Beijing central government and the Chinese Communist Party (CCP) towards Hong Kong. The term "pro-establishment camp" is regularly in use to label the broader segment of the Hong Kong political arena which has the closer relationship with the establishment, namely the governments of the People's Republic of China (PRC) and the Hong Kong Special Administrative Region (HKSAR). It is also labeled as the "Patriotic Front" by the pro-Beijing media and sometimes labeled as "loyalists" by the rival pro-democracy camp. The pro-Beijing camp evolved from Hong Kong's pro-CCP faction, often called "leftists", which acted under the direction of the CCP. It launched the 1967 Hong Kong riots against British colonial rule in Hong Kong and had a long rivalry with the pro-Kuomintang bloc. After the Sino-British Joint De ...
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Erick Tsang
Erick Tsang Kwok-wai (; born 1 September 1963) is a Hong Kong government official. Since 2020, he has been Secretary for Constitutional and Mainland Affairs, one of the principal officials of Hong Kong. Prior to that, he was Director of Immigration. Biography Tsang joined the Immigration Department (Hong Kong), Immigration Department in 1987 and rose through the ranks to Principal Immigration Officer in 2009. He was Assistant Secretary for Security from 2003 to 2006. In 2012, he became Assistant Director of Immigration and then in 2014, Deputy Director of Immigration. In April 2016, he was appointed Director of Immigration. In April 2020, State Council of the People's Republic of China appointed Tsang Secretary for Constitutional and Mainland Affairs, replacing Patrick Nip, days after the department had failed to reflect Beijing's controversially changed position on the status of the Liaison Office under Hong Kong's Basic Law. He also drew criticism for a prominently position ...
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COVID-19
Coronavirus disease 2019 (COVID-19) is a contagious disease caused by a virus, the severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The first known case was COVID-19 pandemic in Hubei, identified in Wuhan, China, in December 2019. The disease quickly spread worldwide, resulting in the COVID-19 pandemic. The symptoms of COVID‑19 are variable but often include fever, cough, headache, fatigue, breathing difficulties, Anosmia, loss of smell, and Ageusia, loss of taste. Symptoms may begin one to fourteen days incubation period, after exposure to the virus. At least a third of people who are infected Asymptomatic, do not develop noticeable symptoms. Of those who develop symptoms noticeable enough to be classified as patients, most (81%) develop mild to moderate symptoms (up to mild pneumonia), while 14% develop severe symptoms (dyspnea, Hypoxia (medical), hypoxia, or more than 50% lung involvement on imaging), and 5% develop critical symptoms (respiratory failure ...
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Witman Hung Partygate
Witman Hung partygate refers to a political scandal in Hong Kong that occurred during the COVID-19 pandemic. A banquet was held at a tapas bar in Wan Chai on 3 January 2022, during the fifth wave of COVID-19 pandemic, to celebrate the 53rd birthday of Witman Hung Wai-man, a delegate of Hong Kong to the National People's Congress. Amidst initial spread of the Omicron variant, the event was attended by at least 225 people, including fourteen senior officials and twenty lawmakers, exceeding the legal capacity of the venue. The party was held against advice given by authorities to avoid large gatherings, and some attendees were later scrutinised for failing to scan the LeaveHomeSafe contact tracing app, as was legally required. The party became known to the public after a participant became infected with COVID-19, prompting authorities to order Hung and 170 other attendees to enter quarantine at a state facility in Penny's Bay. The event became a political scandal over possible vio ...
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COVID-19 Pandemic In Hong Kong
The COVID-19 pandemic in Hong Kong is part of the worldwide pandemic of coronavirus disease 2019 () caused by severe acute respiratory syndrome coronavirus 2 (). The virus was first confirmed to have spread to Hong Kong on 23 January 2020. Confirmed cases were generally transferred to Princess Margaret Hospital's Infectious Disease Centre for isolation and centralised treatment. On 5 February, after a five-day strike by front-line medical workers, the Hong Kong government closed all but three border control points – Hong Kong International Airport, Shenzhen Bay Control Point, and Hong Kong–Zhuhai–Macau Bridge Control Point remaining open. Hong Kong was relatively unscathed by the first wave of the COVID-19 outbreak and had a flatter epidemic curve than most other places, which observers consider remarkable given its status as an international transport hub. Furthermore, its proximity to China and its millions of mainland visitors annually would make it vulnerable. Some e ...
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David Webb (Hong Kong Activist)
David Michael Webb (born 29 August 1965) is an activist investor, share market analyst and retired investment banker based in Hong Kong. Early life Webb graduated in Mathematics from Exeter College, Oxford in 1986. From 1981 to 1986 he was also an author of books and games for early home computers, particularly the Sinclair ZX Spectrum. He authored the Pac Man type game Spookyman and went on to create the acclaimed 3D Vector graphics game Starion on the Spectrum. After graduation he became an investment banker in London. He moved to Hong Kong in 1991. He retired from investment banking in 1998, and now lobbies extensively for increased transparency and public accountability of directors of public companies as well as for the Government of Hong Kong. Webb was appointed a Deputy Chairman of the Hong Kong Securities and Futures Commission's Takeover and Mergers Panel on 1 April 2013, having commenced serving as member on 1 April 2001. Activism Webb has been referred to as ...
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Companies Registry (Hong Kong)
The Companies Registry (Hong Kong) (CR, ) is a government department under the Financial Services and the Treasury Bureau of the Government of Hong Kong. Its responsibilities include the registration of Hong Kong companies and non-Hong Kong companies under the Companies Ordinance, Open-ended fund company, open-ended fund companies under the Securities and Futures Ordinance and limited partnership funds under the Limited Partnerships Funds Ordinance. It administers the licensing regime for trust and corporate service providers under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance as well as the licensing regime for money lenders under the Money Lenders Ordinance. Its headquarters is located at Queensway Government Offices in Hong Kong Island. History The previous form of the Companies Registry was formed in 1865 with the enforcement of the first Companies Ordinance which was based on the Companies Act 1862, 1862 Act in the United Kingdom and was governed by ...
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Executive Order 13936
Executive Order 13936, entitled "The President’s Executive Order on Hong Kong Normalization", is an executive order signed by U.S. President Donald Trump on July 14, 2020. On the same day Trump had signed into law Hong Kong Autonomy Act, one of the laws from which the order derives authority. The act and the executive order are the US's response to the imposition of a controversial national security law in Hong Kong by the Standing Committee of the National People's Congress of China on June 30, 2020, which was described as "an unusual and extraordinary threat ..to the national security, foreign policy, and economy of the United States" in the preamble. According to Trump, he said the executive order was to "hold China accountable for its aggressive actions against the people of Hong Kong", and Hong Kong would be treated the same as China. The order directs government agencies to eliminate preferential treatments given to Hong Kong as compared to Mainland China. Background ...
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Global Financial Leaders' Investment Summit
The Global Financial Leaders' Investment Summit is a financial summit to be hosted in Hong Kong by the Hong Kong Monetary Authority (HKMA), scheduled for 1–3 November 2022. Background The initiative was announced by Financial Secretary Paul Chan in March 2022, and the theme is "Navigating Beyond Uncertainty" with the goal of discussing challenges and opportunities facing the global financial community. Another hope for the Summit was for the government to show the re-opening and reconnecting of the city. According to Eddie Yue of the HKMA, the Summit is expecting around 200 guests (including over 30 CEOs and chairmen) from over 100 major financial institutions. For guests who stay after the Summit concludes, the 2022 Hong Kong Sevens is scheduled to take place afterwards. Guests to the Summit will also be given free coupons as gifts to the Wine and Dine Festival, from the Hong Kong Tourism Board, where they can be redeemed at 210 restaurants and bars for free cocktails or ot ...
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Fintech
Fintech, a portmanteau of "financial technology", refers to firms using new technology to compete with traditional financial methods in the delivery of financial services. Artificial intelligence, blockchain, cloud computing, and big data are regarded as the "ABCD" (four key areas) of fintech. The use of smartphones for mobile banking, investing, borrowing services, and cryptocurrency are examples of technologies designed to make financial services more accessible to the general public. Fintech companies consist of both startups and established financial institutions and technology companies trying to replace or enhance the usage of financial services provided by existing financial companies. A subset of fintech companies that focus on the insurance industry are collectively known as insurtech or insuretech companies. Key areas Academics Artificial intelligence (AI), blockchain, cloud computing, and big data are considered the four key areas of FinTech. Artificial intellige ...
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Financial Services Development Council, Hong Kong
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability assessment ...
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