Thursday, July 29

Hong Kong

Biden, Hong Kong, International, Politics, President Joe Biden

Biden says Hong Kong is’deteriorating,’ and the administration is set to release an advisory for US businesses on the situation

At a White House press briefing on Thursday, Biden said the situation in Hong Kong is "deteriorating." The White House is set to issue a business advisory — expected Friday — for US companies. China has been clamping down on Hong Kong's pro-democracy movement. See more stories on Insider's business page. At a White House press briefing on Thursday, President Joe Biden said the situation in Hong Kong is "deteriorating" and said the administration is set to issue a business advisory — expected Friday — "as to what may happen" in Hong Kong."Let me talk about the business advisory," Biden said. "The situation in Hong Kong is deteriorat...
crypto, Crypto Regulation, cryptocurrency crime, Hong Kong, hong kong crypto, Markets, MI Exclusive, Money Laundering, Tether

Hong Kong police arrest four over alleged $155 million Tether money laundering scheme

Regulators are paying close attention to the crypto world. Cesc Maymo/Getty Images Hong Kong authorities arrested four men over an alleged $155 million money laundering scheme, according to reports. The men, aged between 24 and 33, had made transactions in Tether on a trading platform, officials said. Cryptocurrencies have long been used in crime, as they can provide anonymity and be hard to trace. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Hong Kong customs authorities have arrested four people in connection with a suspected $155 million money laundering scheme using the cryptocurrency Tether.According to reports in Bloomberg and local media, four men aged between 24 and 33 were arrested in an operation called "Coin Breaker."Hong Kong customs offic...
BI Commentary, China, Chinese Communist Party, columnist, Didi, Economy, Finance, Hong Kong, IPO, Markets, Military & Defense, New York Stock Exchange, Opinión, Politics, stock market, Tech Insider, US-China rivalry, Xi Jinping

China’s’wolf warrior diplomacy’ has come to Wall Street

China's assertive, nationalistic behavior — known as "wolf warrior diplomacy" — has come to the financial markets. This week Beijing punished a Chinese tech company that listed on the New York Stock exchange, and announced rules to govern all Chinese companies listed abroad. Consider this part of the Chinese Communist Party tightening its grip on power at home, and closing its doors power from abroad. This is an opinion column. The thoughts expressed are those of the author. See more stories on Insider's business page. It was only a matter of time before Beijing's heightened nationalism came to Wall Street.T...
apple daily, China, Hong Kong, Jimmy Lai, News UK, Politics, Speed desk

Hong Kong’s pro-democracy newspaper Apple Daily could shut within days, top advisor says

Apple Daily, a prominent Hong Kong pro-democracy newspaper, has been a target of authorities. An advisor warned it could shut in "days" after assets of linked companies were frozen. Five of its top executives were also arrested earlier this month. See more stories on Insider's business page. Apple Daily, a prominent pro-democracy newspaper in Hong Kong, could shutter in a "matter of days," an advisor to its founder told the BBC.Authorities in Hong Kong froze the assets of companies linked to the newspaper last week, and Mark Simon told the BBC that it could "do nothing while none of its bank accounts are functioning.""The paper is ...