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Discussion in 'Members' Club Room' started by Pika, Aug 14, 2019.
No, a few visits over the span of three decades
The so called 5 demands are just a road map to seek independent or semi-independent and to create anti-CCP/China/Chinese government in HK. The central government knew full well that there is no hope to change things on the ground til the HK people stand up to the rioters themselves. Until then, the central government would weaken HK and diversify its functions such as tourism, trading, and financial. Shenzhen, Shanghai, and Macau would be directly benefit to these changes.
Exclusive: Protest-free Macau to win financial policy rewards from China
MACAU/HONG KONG (Reuters) - Chinese President Xi Jinping will visit Macau next week to announce a raft of new policies aimed at diversifying the city’s casino-dependent economy into a financial center, according to over a dozen interviews with officials and corporate executives.
The move is seen by officials and executives in Macau as a reward for having avoided the anti-government protests that have gripped nearby Hong Kong over the past six months.
The policies include the establishment of a yuan-denominated stock exchange and the acceleration of a renminbi settlement center already in the works, as well as the allocation of land for Macau to develop in neighboring mainland China, they said.
While there has been speculation about the proposals in recent months, the fact they have been officially approved has not previously been reported.
“The financial industry used to be an idea that we reserved for Hong Kong,” said one Chinese official who requested anonymity. “We used to give all the favorable policies to Hong Kong. But now we want to diversify it.”
Xi’s trip to mark the 20th anniversary of Macau’s return to China comes as the central government has praised the city for upholding the “one country, two systems” framework that governs both Hong Kong and Macau.
In contrast, China has condemned anti-government protests in Hong Kong and accused demonstrators in the financial center of undermining national stability.
China’s Hong Kong and Macau Affairs Office did not respond to requests for comment.
Beijing has instructed state-owned banks and enterprises to help set up infrastructure in Macau to aid financial diversification, four sources familiar with the matter told Reuters.
Two officials who helped develop the Shanghai stock exchange moved to the territory this year to help establish its yuan-based stock exchange, one of the sources said.
Chinese officials, and bankers in Hong Kong, say the push to develop financial infrastructure in Macau is part of a plan to avoid any major market disruption in Hong Kong that could impact Chinese businesses.
The idea is not for Macau to replace or undermine Hong Kong but for China to have a contingency plan in case the situation in Hong Kong worsens, they said.
“Xi Jinping has made very clear that he wants a diversified Macau economy,” said another Chinese official who declined to be identified. The future focus will be on tourism and finance, to make it a center to host international meetings like Singapore.”
Macau’s new exchange will initially be focused on bond trading to encourage local and Chinese companies to issue debt in the city, according to a Chinese official familiar with the matter.
The exchange will also focus on start-ups and target companies from Portuguese-speaking countries, ensuring it does not directly compete with bourses in Hong Kong or in the southern Chinese city of Shenzhen, according to six Macau executives and Chinese officials. Macau was a Portuguese colony until it was handed to China in 1999.
An announcement that Macau will join the Beijing-backed Asian Infrastructure Investment Bank is also expected during Xi’s visit, two Chinese officials said.
Xi is expected to announce policies to further integrate Macau with mainland cities in the Greater Bay Area, the region around the Pearl River Delta that also includes Hong Kong, according to Chinese officials and Macau executives.
As part of that effort, Macau will be allocated more land on the mainland island of Hengqin to develop in areas such as education and healthcare, they said.
Macau’s casino operators, which have been hit by slowing economic growth, the Sino-U.S. trade war and a weakening Chinese yuan, are also looking at development opportunities in Hengqin, casino executives said.
The economic slowdown in China has added to pressure on Macau to diversify its economy from the casino industry, which accounts for more than 80% of government revenues.
“We plan to work with the Macau government to launch programs that encourage next-generation entrepreneurs to start businesses in Hengqin,” said Lawrence Ho, chief executive of Melco Resorts, which runs three casino resorts in Macau.
Sands China, another casino operator, said it was looking at setting up a training academy in Hengqin.
Beijing has previously allocated Macau portions of land on the former oyster farming island, which lies just across the water from its casinos, including land for Macau University’s campus which opened in 2013.
While the new initiatives were not explicitly linked to toeing the official line, Chinese officials have repeatedly praised Macau for setting an example in maintaining national security and adhering to the central government’s requirements.
“This is the candy that Hong Kong did not want,” said Larry So, a political commentator and retired Macau university professor. “It is a gift for Macau, for Macau being a good boy.”
In recent weeks, Xi has said at several gatherings of senior government officials that it is crucial to find ways to implement the “Macau model” in Hong Kong, two people familiar with the discussions said, on condition of anonymity.
“President Xi Jinping spoke highly of the practice of one country, two systems with Macau characteristics. This is an encouragement and a spur,” Macau’s chief executive, Fernando Chui, said at a meeting with Chinese officials in Beijing on Dec. 3, according to an official transcript.
More than half of Macau’s population of 600,000 immigrated from China in recent decades, which has helped the territory foster a stronger affinity for the mainland than in Hong Kong, where most of the population was locally born.
Millions of dollars also have been ploughed into creating youth associations in Macau linked to the Chinese government. Many of Macau’s associations are traditional pro-establishment groups that dole out generous subsidies to residents.
“Macau will be an example of China’s reunification,” Ho Iat Seng, who is set to become Macau’s next chief executive on Dec. 20, told state broadcaster China Central Television last month.
The city was well placed to “better develop the one country, two systems principle”, he added.
How have I changed your words or your intent? The relevant part of one of your comments:
(Emphasis added.) I have said MANY times that the bolded part is what I challenged. Now you say I have misreported your intent. Are you denying what you wrote?
You are responsible for proving your assertion (that a majority of HK's people support the violence). You made the claim, so you must prove it. You have not done so. You have only proven that you are willing to work quite hard for the cockroaches.
I have little doubt that most Hong Kongers currently desire to keep the current system (1C2S) beyond 2047. That was probably what the recent election suggested.
What I object to is @KYli's assertion that this implies that most people support the violent protesters. This is a subtle distinction. But it's important, as violence tends to grow.
If the chaos grows too much, Hong Kongers will regret it. Beijing will continue to respect 1C2S nonetheless; the island will continue to be perfectly free to ruin itself if that is what its people want.
I said that voting result indicates "majority of the HK support the rioters" but you keep saying "majority of the HK support violence" which isn't my words.
I made my case. You just refused to see it. I don't need your approval or do I care of what you think. Making groundless accusation has only made you look unreasonable and disrespectful.
I don't know what your thinking comes from. They never demand to keep the current system. They demand the right to directly elect both the Chief Executive and all legislators which pretty much guarantee the pan-Dems camp would take control of all three branches of the government. That means the central government would have no say whatsoever. There goes your 1C2S.
Huawei critics in China inspired by Hong Kong protests https://www.ft.com/content/477ee462-1a3d-11ea-97df-cc63de1d73f4
attempts to make a connection between HK and the story I heard
Dec 2, 2019
Most people do not support violence. Violence is not something civilized/ normal societies crave. Right/left, Pro/anti China - all will say they oppose violence. At the end of the day, I think it is a given that violence is bad and something to be shunned - especially if there is rule of law in the land
But the election results have done nothing to stop the violence. Rather it has emboldened the rioters to seek more drastic measures - Bombs and guns.
In that sense, the pro-dem voting, No-violence seeking voters of HK has indirectly given support to further Violence.
The vocal minority in HK is pro independence.
The silent majority of HK is pro-rioters.
I believe that the majority of Hong Kongers prefer the status quo! True, some of these people wouldn't think twice if someone offers "full independence" or something else, and gladly takes it. NEVERTHELESS, they would take the status quo as it is now.
It's the radical elements within these people that are trying to force the issue via VIOLENT (very ugly) means!
Just a little nik-pick. Hong Kong is more than just an Island. The Island part of Hong Kong only comprise approx 20% of the total land area!
We finally got to the bottom of this.
I think a large vocal MINORITY is for change away from CCP China come what may. (let's say 1/3. Is not scientific, just for the sake of argument). Another 1/3 want to keep status quo, but will be happy/ok to go along.
So this still leave a sizable minority 1/3 not happy (approx 2.3 million people).
BUT even if this were so, and the west MSM are trying to say from this evidence, Hong Kongers wants independence, blah, blah.
But what these MSM delibreatly avoide to mention is....... that Hong Kong is a sovereign territory of China (CCP or KMT) recognised the world over without exception!
The system of governance is upto that sovereign country! Saying they demand and deserve independence because of majority of people wish it is absurd!
It is no difference to say, London have a labour mayor and its counter to the governing party of the country, and therefore they should have independence if they so wish it!
One has to look at example of Catalan in Spain to see how the MSM are not advacating independence for catalan siting its unconstitutional! Lol.
Well in Hong Kong, it is also unconstitutional! Butvit don't stop the MSM and USA voicing their support for the thugs!
This is the 毛 Mao woman, (some call her 巫 witch woman) whos an elected councillor, a person of trust, where laws are made, and uphold and respected. Wher she should set high standards and examples for others to follow.
Yet here she is happly possing with thugs, and to cap it all, have her own son getting caught out destorying the legislature back all those months ago!