Hong Kong Integrates Truly with China

Hong Kong Chief Executive Carrie Lam said Hong Kong's strategy to strengthen the status of a global financial center through greater integration with mainland China has been reaping results. Beijing, Lam explained, has helped restore stability to Hong Kong.

UMMATIMES - According to Lam, Hong Kong contributed to China's financial reform and opening up. Hong Kong can also play a key role in promoting China's financial development.

These roles include facilitating the internationalization of the yuan, helping finance mainland Chinese companies, and providing a safe haven for Chinese money overseas.

"Hong Kong has never been absent from reforms and has always been open, providing capital, technology and resources. We will serve China's needs while injecting new strength into Hong Kong's economy," Lam said.

Lam said Hong Kong would embrace the opportunities created by China's plans to integrate Hong Kong, Macau and parts of Guangdong in the development zone.

Non-Chinese investors fear Hong Kong's independence has been lost, after Beijing imposed a national security law in response to mass protests in 2019.

Hong Kong police arrested five executives of the Apple Daily newspaper on Thursday (17/6). For the first time Hong Kong police have a warrant to confiscate journalistic material under national security laws.

Police deployed 500 officers to raid the offices of Apple Daily. Police said the media articles in the newspaper had violated security laws.

National security police said five directors of a company had been arrested on suspicion of colluding with foreign countries or with external elements. Hong Kong police did not name the suspect.

Apple Daily said Editor-in-Chief Ryan Law, Chief Executive Officer Cheung Kim-hung, Chief Operating Officer Chow Tat-kuen, Deputy Editor-in-Chief Chan Puiman and Chief Executive Editor Cheung Chi-wai had been arrested in the raid.

A photo published by Apple Daily shows police taking over reporters' desks and using their computers. Apple Daily said their offices were closed and journalists were barred from accessing certain floors or obtaining their equipment and notebooks.

In the photo, Law is seen walking handcuffed and flanked by police officers. The move is the latest blow to Apple Daily after authorities ordered media tycoon Jimmy Lai's stake in Next Digital to be frozen.