Li Ka-shing, Asia’s richest man, said Hong Kong needs to raise its competitiveness if it wants to avoid losing out to Shanghai, where China is setting up a free trade zone, Radio Television Hong Kong reported.
Wang Guangya, China’s ambassador to the United Nations from 2003 to 2008, may replace Liao Hui as director of the country’s Hong Kong and Macau Affairs Office, the South China Morning Post said, citing unidentified people close to the situation.
United Nations Secretary-General Ban Ki-moon , a former South Korean foreign minister, is setting aside the traditional impartiality of his post to push for sanctioning North Korea over a suspected naval attack.
Chinese Vice Premier Li Keqiang swept through Hong Kong’s financial district today, with police blocking footbridges between the world’s fifth-biggest stock exchange and the Asian headquarters of JPMorgan Chase & Co. when his cavalcade of more than 18 vehicles passed beneath.
Hong Kong’s widening wealth gap, with home prices soaring 70 percent since the start of 2009, may prompt an increased turnout in annual protests this week as the territory’s leader suffers his lowest poll ratings yet.