Beijing puts Hong Kong business on alert

China's government rejects calls for free elections in the city, rousing protestors to set in motion plans to block streets in Hong Kong's financial district.
CY Leung at the press conference on Sunday
CY Leung at the press conference on Sunday

Beijing has effectively put Hong Kong's financial district on alert after rejecting calls for free elections in the city, with a planned gridlock of business by protesters imminent.

The decision by China’s National People’s Congress Standing Committee, announced on Sunday, throws down the gauntlet to the Occupy Central movement.

Occupy Central, backed by Hong Kong media tycoon Jimmy Lai, aims to block the financial district by staging a sit-in protest just yards from the Asian headquarters of Citi and HSBC.

Beijing’s intransigence and protestors’ plans to bring traffic in Hong Kong’s streets to a standstill are a threat to the city’s reputation as...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222