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Hong Kong businesses back new security law despite fears

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China’s new security law has sent fear coursing through many Hong Kong residents, but the city’s commercial community has largely embraced it as a way to get back to doing business.

The controversial legislation has granted mainland Chinese authorities unprecedented control as they seek to end the pro-democracy protests that plunged Hong Kong into turmoil last year.

Despite warnings from rights groups and legal analysts that it could be a fatal blow to the city’s legal autonomy and political freedoms, many in the business community have welcomed the law as a way to restore stability.

The Hong Kong General Chamber of Commerce described the passing of the law earlier this week as “instrumental in helping to restore stability and certainty to Hong Kong, which has been severely impacted by the social unrest since last year”.

“We need a stable environment which the (security law) aims to provide.”

British banking giants HSBC and Standard Chartered — both with a major presence in Hong Kong and on the mainland — joined other firms in publicly backing the law last month.

Analysts and members of the business community have said the law could add to the risk and complexity of doing business in Hong Kong, but it is unlikely to spark a mass exodus of foreign firms.

Hong Kong stocks rallied almost three percent Thursday, led by property firms with investors betting that the law will restore stability to the city.

“By and large, the mindset of business people is always to try and carry on as if nothing has changed, and try and avoid the political risks,” said Ben Bland, a political analyst at the Lowy Institute, an Australian think tank.

“So I’m not surprised by the sort of reactions we’ve seen.”

Jes Staley, the CEO of Barclays, told Bloomberg News it was a “very difficult political situation”.

He added: “We’re not going to get involved in the politics of Hong Kong.”

Grave concerns

The text of the law has set off alarm bells with its broad phrasing of offences and the supremacy of the mainland’s Communist Party-controlled courts over Hong Kong’s.

The city transformed itself into a global financial hub thanks to the reputation of its independent judiciary, becoming a centre for settlements and arbitration — especially with mainland firms.

That legal autonomy — among other freedoms for its residents — was guaranteed for 50 years under the “One Country, Two Systems” agreement that saw Britain hand over the colony to China in 1997.

It created a firewall between the city and China’s opaque legal system — and also helped Hong Kong act as a gateway to the mainland for foreign firms.

The new law has undermined that system, and the Hong Kong Bar Association said it was “gravely concerned”.

The law threatens protections including fair trials, fundamental rights and freedom of expression, the organisation said in a blistering critique on Wednesday.

While there is unlikely to be an overnight flight, analysts said the risks are likely to grow in the future.

“In the long run, the law will most likely embolden Beijing and local allies to put greater political pressure on companies and their employees to closely adhere to… Beijing’s agenda,” William Nee of Amnesty International told Bloomberg.

Analysts have pointed to how firms have been targeted by Beijing on political issues, most notably the backlash last year against Hong Kong airline Cathay Pacific over its staff allegedly supporting pro-democracy protesters.

HSBC also faced pressure from a pro-Beijing former Hong Kong chief executive before its show of support for the law, and analysts said companies would be keen to avoid that fate.

‘Enormous market’

But Hong Kong’s status as a gateway to the riches of mainland China — the world’s second-largest economy — is likely to remain the top consideration for investors, analysts said.

The city’s equity and property markets have been flooded with mainland billions in recent years.

By the end of 2019, mainland companies made up 73 percent, or $3.4 trillion, of the market capitalisation in Hong Kong, according to the Hong Kong Trade Development Council.

Some of China’s biggest state-owned and private companies are listed in the city.

Most recently, Chinese e-commerce giant JD.com raised almost $4 billion last month in what was the world’s second-biggest IPO this year.

“I do feel this will add to the complexity of working in Hong Kong or operating out of Hong Kong,” Jun Bei Liu of Tribeca Investment Partners told Bloomberg.

“But I think Hong Kong is still very, very relevant and it is the hub to have access to China, which is an enormous market.”

– AFP

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Farewell to Dr Lee Wei Ling: Rain marks solemn tribute, echoing her father’s funeral

Dr Lee Wei Ling’s funeral was conducted on 12 October 2024, in Singapore, with family members leading the procession in the rain. In a heartfelt eulogy, her brother, Lee Hsien Yang, remembered her dedication to medicine and family. Dr Lee had requested a simple ceremony, with her ashes to be scattered at sea.

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Li Huanwu and Li Shaowu sending off their aunt, Dr Lee Wei Ling in the rain (Photo: Lianhe Zaobao/唐家鴻)

Dr Lee Wei Ling was farewelled on 12 October 2024, in a solemn funeral ceremony attended by close family members and friends.

The weather was marked by light rain, drawing comparisons to the conditions during her father, Lee Kuan Yew’s funeral in 2015.

Her nephews, Li Huanwu and Li Shaowu, led the procession, carrying Dr Lee’s portrait and walking side by side under the rain, symbolically reflecting the loss felt by her family.

In his emotional eulogy through a recorded video, her brother, Lee Hsien Yang, spoke of Dr Lee’s profound contributions to medicine and her unshakable devotion to family.

He described her as a remarkable individual whose life had left an indelible mark on those who knew her, as well as on Singapore’s medical community.

Expressing deep sorrow at her passing, Lee Hsien Yang reflected on their close bond and the immense loss he felt, having been unable to attend her final farewell.

He recalled his private goodbye to her in June 2022, a poignant moment that stayed with him during her last months.

Lee Hsien Yang also reiterated Dr Lee’s wish for a simple funeral, a reflection of her humility.

In accordance with her wishes, her body was cremated, and her ashes will be scattered at sea, symbolising her desire for a modest and unobtrusive departure from the world.

LHY acknowledged the efforts of his sons, Li Huanwu and Li Shaowu, for their role in managing their aunt’s care during his absence, thanking them for their dedication to her comfort in her final days.

During his eulogy for his sister, Lee Hsien Yang also conveyed a message from Dr Lee regarding the family’s long-standing issue surrounding their home at 38 Oxley Road.

Quoting from Dr Lee’s message, LHY said: “My father, Lee Kuan Yew, and my mother, Kwa Geok Choo’s, unwavering and deeply felt wish was for their house at 38 Oxley Road, Singapore 238629, to be demolished upon the last parent’s death.”

Dr Lee had been a vocal advocate for ensuring that this wish was honoured since Lee Kuan Yew’s death in 2015.

Dr Lee and LHY had strongly supported their father’s wishes, while their elder brother, Prime Minister Lee Hsien Loong, took a different stance. This disagreement led to a public and highly publicised rift within the family.

In her final message, Dr Lee reiterated: “Lee Kuan Yew had directed each of his three children to ensure that their parents’ wish for demolition be fulfilled. He had also appealed directly to the people of Singapore. Please honour my father by honouring his wish for his home to be demolished.”

Dr Lee had maintained a private life, focusing on her medical career as a respected neurologist. She was known for her candid views, often unflinching in her advocacy for transparency and integrity.

Her professional accomplishments, combined with her strong commitment to her parents’ legacy, made her a significant figure in both Singapore’s medical community and public discourse.

Diagnosed in 2020 with progressive supranuclear palsy (PSP), a rare neurodegenerative disorder, Dr Lee faced immense physical and emotional challenges in her final years.

The illness progressively affected her movement, speech, and ability to swallow.

Despite her health struggles, Dr Lee remained actively involved in public discussions, particularly on matters concerning her father’s legacy, until her condition worsened to the point where communication became difficult.

By March 2023, her brother LHY revealed that her condition had deteriorated significantly, and he feared he might not be able to see her again due to his own circumstances.

Even in her final months, Dr Lee maintained a close relationship with her immediate family, who cared for her during her illness.

Dr Lee’s funeral and cremation mark the end of a significant era for the Lee family and Singapore.

Her legacy as a dedicated neurologist and a firm advocate for her parents’ values will continue to resonate, even as the debates over the future of the Oxley Road property remain unresolved.

The rain that fell during her funeral, so reminiscent of her father’s final farewell, added a symbolic layer to this momentous chapter in Singapore’s history.

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TJC issued 3rd POFMA order under Minister K Shanmugam for alleged falsehoods

The Transformative Justice Collective (TJC) was issued its third POFMA correction order on 5 October 2024 under the direction of Minister K Shanmugam for alleged falsehoods about death penalty processes. TJC has rejected the government’s claims, describing POFMA as a tool to suppress dissent.

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The Transformative Justice Collective (TJC), an advocacy group opposed to the death penalty, was issued its third Protection from Online Falsehoods and Manipulation Act (POFMA) correction direction on 5 October 2024.

The correction was ordered by Minister for Home Affairs and Law, K Shanmugam, following TJC’s publication of what the Ministry of Home Affairs (MHA) alleges to be false information regarding Singapore’s death row procedures and the prosecution of drug trafficking cases.

These statements were made on TJC’s website and across its social media platforms, including Facebook, Instagram, TikTok, and X (formerly Twitter).

In addition to TJC, civil activist Kokila Annamalai was also issued a correction direction by the minister over posts she made on Facebook and X between 4 and 5 October 2024.

According to MHA, these posts echoed similar views on the death penalty and the legal procedures for drug-related offences, and contained statements that the ministry claims are false concerning the treatment of death row prisoners and the state’s legal responsibilities in drug trafficking cases.

MHA stated that the posts suggested the government schedules and stays executions arbitrarily, without due regard to legal processes, and that the state does not bear the burden of proving drug trafficking charges.

However, these alleged falsehoods are contested by MHA, which maintains that the government strictly follows legal procedures, scheduling executions only after all legal avenues have been exhausted, and that the state always carries the burden of proof in such cases.

In its official release, MHA emphasised, “The prosecution always bears the legal burden of proving its case beyond a reasonable doubt, and this applies to all criminal offences, including drug trafficking.”

It also pointed to an article on the government fact-checking site Factually to provide further clarification on the issues raised.

As a result of these allegations, both TJC and Annamalai are now required to post correction notices. TJC must display these corrections on its website and social media platforms, while Annamalai is required to carry similar notices on her Facebook and X posts.

TikTok has also been issued a targeted correction direction, requiring the platform to communicate the correction to all Singapore-based users who viewed the related TJC post.

In a statement following the issuance of the correction direction, TJC strongly rejected the government’s claims. The group criticised the POFMA law, calling it a “political weapon used to crush dissent,” and argued that the order was more about the exercise of state power than the pursuit of truth. “We have put up the Correction Directions not because we accept any of what the government asserts, but because of the grossly unjust terms of the POFMA law,” TJC stated.

TJC further argued that the government’s control over Singapore’s media landscape enables it to push pro-death penalty views without opposition. The group also stated that it would not engage in prolonged legal battles over the POFMA correction orders, opting to focus on its abolitionist work instead.

This marks the third time TJC has been subject to a POFMA correction direction in recent months.

The group was previously issued two orders in August 2024 for making similar statements concerning death row prisoners.

In its latest statement, MHA noted that despite being corrected previously, TJC had repeated what the ministry views as falsehoods.

MHA also criticised TJC for presenting the perspective of a convicted drug trafficker without acknowledging the harm caused to victims of drug abuse.

Annamalai, a prominent civil rights activist, is also known for her involvement in various social justice campaigns. She was charged in June 2024 for her participation in a pro-Palestinian procession near the Istana. Her posts, now subject to correction, contained information similar to those presented by TJC regarding death penalty procedures and drug-related cases.

POFMA, which was introduced in 2019, allows the government to issue correction directions when it deems falsehoods are being spread online.

Critics of the law argue that it can be used to suppress dissent, while the government asserts that it is a necessary tool for combating misinformation. The law has been frequently invoked against opposition politicians and activists.

As of October 2024, Minister K Shanmugam has issued 17 POFMA directions, more than any other minister. Shanmugam, who was instrumental in introducing POFMA, is followed by National Development Minister Desmond Lee, who has issued 10 POFMA directions.

Major media outlets, including The Straits Times, Channel News Asia, and Mothership, have covered the POFMA directions. However, as of the time of writing, none have included TJC’s response rejecting the government’s allegations.

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