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 by AFP Staff Writers Hong Kong (AFP) Feb 25, 2021
The US Consulate in Hong Kong has completed a multi-million-dollar property sale that was previously put on ice after Beijing refused to grant permission, the buyer announced Thursday. The deal for six luxury pads in a swanky part of the island will see the US State Department pocket some US$330 million. The sale was previously announced last year but then suddenly put on hold in December, an apparent victim to growing tensions between Washington and Beijing, who insisted it was no ordinary property transaction and needed a specific go-ahead. On Thursday, Hang Lung Properties, the buyer, said the sale had now been processed after Washington obtained written consent from Beijing. "Completion of the acquisition of the property by the tenderer took place on 25 February 2021," the company said in a statement. The residences, nestled on an oceanview hillside in one of Hong Kong's most ritzy neighbourhoods, were previously used to house staff. The US and China have been at loggerheads for months over trade, human rights and a clampdown on Hong Kong, with Beijing increasingly willing to wield its economic power to push back against what it says is American interference in internal affairs.
Top Chinese official outlines plan to ensure 'patriots' run Hong Kong Hong Kong (AFP) Feb 22, 2021 A top Chinese official on Monday outlined plans to ensure only "patriots" run Hong Kong as Beijing seeks to neuter any remaining democratic opposition and take a more direct role in how the business hub is run. The landmark speech by Xia Baolong, head of the Hong Kong and Macau Affairs Office, came just two weeks ahead of the annual meeting of China's rubber-stamp legislature as speculation grows that further measures are being planned to sew up control of the city. "The most vital and pressing ... read more
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