We would love to hear your thoughts about our site and services, please take our survey here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksHSBC Holdings Share News (HSBA)

Share Price Information for HSBC Holdings (HSBA)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 701.90
Bid: 701.70
Ask: 701.90
Change: 6.30 (0.91%)
Spread: 0.20 (0.029%)
Open: 693.20
High: 703.40
Low: 693.20
Prev. Close: 695.60
HSBA Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE 10-HK's Apple Daily raided by 500 officers over national security law

Thu, 17th Jun 2021 01:30

(Adds U.S. and European reaction)

By Sara Cheng and Sharon Abratique

HONG KONG, June 17 (Reuters) - Five hundred Hong Kong police
officers sifted through reporters' computers and notebooks at
pro-democracy tabloid Apple Daily on Thursday, the first case in
which authorities have cited media articles as potentially
violating the national security law.

Around dawn, police arrested five executives of the
newspaper, and officers were later seen sitting at computers in
the newsroom after entering with a warrant to seize journalistic
materials, including from reporters' phones and laptops.

The raid is the latest blow to media tycoon Jimmy Lai, the
tabloid's owner and a staunch Beijing critic, whose assets have
been frozen under the security law and who is serving prison
sentences for taking part in illegal assemblies.

The raid drew condemnation from the United States and
Europe.

The European Union and Britain said it showed China was
using the national security law to crack down on dissent and
silence the media rather than deal with public security.

U.S. State Department spokesman Ned Price said the United
States was "deeply concerned by Hong Kong authorities' selective
use of the national security law to arbitrarily target
independent media organizations."

"The charges of 'collusion with a foreign country or with
external elements to endanger national security' appear to be
entirely politically motivated," he added.

In comments raising further alarm over media freedoms in
Hong Kong, the territory's Security Secretary John Lee described
the newsroom as a "crime scene" and said the operation was aimed
at those who use reporting as a "tool to endanger" national
security.

He did not elaborate on the dozens of articles at which
police said they were taking aim, but said the five were
arrested for a conspiracy to make "use of journalistic work" to
incite foreign forces to impose sanctions on Hong Kong and
China.

"Normal journalists are different from these people. Don't
collude with them," he told reporters. "Do your journalistic
work as freely as you like in accordance with the law, provided
you do not conspire or have any intention to break ... the
national security law."

Senior superintendent Li Kwai-wah said the tabloid's reports
dated back to 2019, without saying when the most recent were
published. The legislation is not retrospective but prosecutors
can use actions from before its implementation as evidence.

Police have also frozen HK$18 million ($2.32 million) of
assets owned by three companies linked to Apple Daily and said
that the raid was not aimed at the media industry as a whole.

In a letter to readers, Apple Daily said it was the victim
of a "targeted attack by the regime," but its staff "will
continue to stick to their posts loyally and fight to the end."

It said police seized 38 computers used by reporters.

It was the second time national security police have raided
the Apple Daily headquarters; 200 officers went in last year to
arrest Lai on suspicion of colluding with foreign forces.

Lai has been in detention since December, denied bail under
the security law and serving several sentences for taking part
in unauthorised rallies, including during the global financial
hub's mass pro-democracy protests in 2019.

The security law was Beijing's first major move to set
China's most restive city on an authoritarian path. It punishes
anything Beijing deems as subversion, secessionism, terrorism
and collusion with foreign forces with up to life in prison.

The five arrested were editor-in-chief Ryan Law, chief
executive officer Cheung Kim-hung, Chief Operating Officer Chow
Tat-kuen, Deputy Chief Editor Chan Puiman and Chief Executive
Editor Cheung Chi-wai.

"This is a blatant attack on the editorial side of Apple
Daily," Mark Simon, an adviser to Lai who is outside Hong Kong,
told Reuters. "They're arresting the top editorial folks."

Asked how long he thinks the newspaper can survive, Simon
said: "They decide, not us," referring to authorities.

'ORWELLIAN' LAW

Pictures published by Apple Daily showed police sitting at
reporters' desks and using their computers. A person streaming a
live feed for Apple Daily's Facebook page said reporters were
prevented from accessing certain floors or getting their
equipment or notebooks.

Chief editor Law was seen walking in handcuffs, flanked by
police officers. The paper's general news desk told reporters in
a text message seen by Reuters to carry on with their
assignments outside the building for the time being.

Authorities last month ordered the freezing of Lai's shares
in Next Digital, publisher of the newspaper.

In May, Reuters reported that Hong Kong's security chief
sent letters to Lai and branches of HSBC and Citibank
threatening up to seven years in jail for any dealings with the
billionaire's accounts in the city.

Apple Daily is an unapologetic tabloid founded 26 years ago
that mixes pro-democracy discourse with celebrity gossip and
investigations of those in power, and is popular in Hong Kong.

"The arrests ... under Hong Kong’s Orwellian National
Security Law destroy any remaining fiction that Hong Kong
supports freedom of the press," said Steven Butler, Committee to
Protect Journalists' Asia program coordinator.

"China, which controls Hong Kong, may be able to eliminate
the paper, which it sees as an annoying critic, but only at a
steep price to be paid by the people of Hong Kong, who had
enjoyed decades of free access to information," he added.
(Reporting by Sharon Tam, Sharon Abratique, Sara Cheng, Clare
Jim, Donny Kwok, and Anne Marie Roantree in Hong Kong;
additional reporting by Simon Lewis, Arshad Mohammed and David
Brunnstrom in Washington, Robin Emmott in Brussels and Guy
Faulconbridge in London; writing by Marius Zaharia; Editing by
Michael Perry, Gerry Doyle and Nick Zieminski)

More News
2 Apr 2024 17:28

London stocks dip in global risk off mood; commodity-linked stocks jump

FTSE 100 down 0.2%, FTSE 250 adds 0.9%

*

Read more
2 Apr 2024 15:22

London close: Stocks turn red on return from Easter break

(Sharecast News) - UK stocks experienced a downturn by the end of trading on Tuesday, as investors resumed activity following the extended weekend, with initial gains reversed by the close ahead of a week marked by a number of key economic data releases.

Read more
2 Apr 2024 11:50

LONDON MARKET MIDDAY: FTSE 100 buoyed by UK manufacturing growth

(Alliance News) - The FTSE 100 in London was up at midday on Tuesday, reacting to the UK manufacturing sector returning growth and further PMI data across the globe.

Read more
2 Apr 2024 09:09

LONDON MARKET OPEN: FTSE 100 up as oil majors and gold miners shine

(Alliance News) - Stock prices in London opened higher on Tuesday, in confident trade following the long Easter weekend, ahead of a UK manufacturing sector reading later in the morning.

Read more
2 Apr 2024 08:44

TOP NEWS: HSBC to pay special dividend after completing Canadian sale

(Alliance News) - HSBC Holdings PLC on Tuesday said it would pay shareholders a special dividend after completing the sale of its Canadian business.

Read more
2 Apr 2024 08:05

LONDON BRIEFING: HSBC in special payout on Canada sale; Astra FDA win

(Alliance News) - London's FTSE 100 traded higher on Tuesday following the long weekend, as investors react to US data, and look ahead to manufacturing sector readings from Europe later.

Read more
28 Mar 2024 09:55

UBS makes Ermotti Europe's best-paid bank boss with $16 mln package

Ermotti earned $15.9 mln in 2023

*

Read more
27 Mar 2024 14:42

Bank of England steps up scrutiny of private equity and bank valuations

LONDON, March 27 (Reuters) - The Bank of England said on Wednesday it was taking a deeper look at risks from the opaque private equity sector, and why valuations of Britain's main banks are "subdued" compared with international peers.

Read more
27 Mar 2024 09:40

LONDON BROKER RATINGS: Sainsbury's, Petershill Partners upped to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

Read more
27 Mar 2024 08:54

Britain's Vanquis bank 'resets' business after 2023 loss

LONDON, March 27 (Reuters) - Vanquis Banking Group on Wednesday said it was resetting its business, highlighting the challenges faced by Britain's smaller banks, after reporting a 4.4 million-pound ($5.55 million) loss before tax for 2023.

Read more
27 Mar 2024 07:44

Britain's Vanquis bank 'resets' business after 2023 loss

LONDON, March 27 (Reuters) - Vanquis Banking Group on Wednesday said it was resetting its business, highlighting the challenges faced by Britain's smaller banks, after reporting a 4.4 million-pound ($5.55 million) loss before tax for 2023.

Read more
25 Mar 2024 10:19

LONDON BROKER RATINGS: SocGen raises Sage; Numis cuts Virgin Money

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

Read more
18 Mar 2024 06:59

PRESS: M&S and HSBC planning loyalty "superapp", seven-year deal — Sky

(Alliance News) - Marks & Spencer Group PLC and HSBC Holdings PLC are preparing plans to announce a new seven-year deal that includes the creation of a loyalty "superapp", Sky News reported Sunday.

Read more
11 Mar 2024 14:05

HSBC to recruit about 50 more bankers for US commercial bank - Reuters

(Sharecast News) - HSBC is planning to recruit about 50 more bankers in its US commercial bank to lend to start-up companies, mainly in the technology and healthcare sectors, according to a senior executive.

Read more
7 Mar 2024 15:29

London close: Stocks finish firmer as US jobless claims rise

(Sharecast News) - London markets closed with modest gains on Thursday, after higher-than-expected jobless claims figures from the US, and a flurry of corporate news in the UK.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.