Rows of Chinese and Hong Kong flags decorate a street outside a shopping mall, ahead of the 25th anniversary of Hong Kong's handover to China from Britain, in Hong Kong, China, on June 16, 2022. Picture taken on June 16, 2022.HONG KONG — Hong Kong returned to China in 1997 after 156 years of British colonial rule.
The city remains the Asian regional hub for foreign banks given its proximity and connectivity to mainland China, which is likely to remain a major growth market, though it faces increased competition with Singapore.Hong Kong's British-rooted common law traditions and independent judiciary are fundamental to Hong Kong's stability and prosperity as a financial centre.
Some Western jurists and judges have expressed concern over China-style justice percolating into Hong Kong. Authorities, however, say the rule of law remains intact.In 1997, Hong Kong was a vibrant regional media hub but in recent years, media freedoms have deteriorated sharply, according to groups like the International Federation of Journalists .Latest data shows Hong Kong ranked 148th this year out of 180 places in Reporters Without Borders press freedom index, down from 18th spot in 2002.
Lai's popular pro-democracy newspaper, the Apple Daily, closed in June 2021 after hundreds of police raided its newsroom, and authorities froze assets. Lai and several senior journalists at the paper are being detained without bail, accused of collusion with foreign forces.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Source: YahooSG - 🏆 3. / 71 Read more »
Source: STForeignDesk - 🏆 4. / 71 Read more »
Source: STForeignDesk - 🏆 4. / 71 Read more »
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »