Latest news with #ElizabethQuatPei-fan
South China Morning Post
11-04-2025
- Business
- South China Morning Post
Hong Kong seeks to attract US-listed mainland firms amid trade war
Several US-listed mainland Chinese companies have reached out to the Hong Kong government amid the escalating trade war, the city's innovation minister has said, while calling for the financial hub to seize opportunities created by the crisis to showcase its international appeal. Advertisement Secretary for Innovation, Technology and Industry Sun Dong weighed in on the intensifying US-China tensions at the legislature on Friday, the same day Beijing increased tariffs on US imports to 125 per cent in retaliation for Washington's decision to raise duties on Chinese goods to 145 per cent. During a special Financial Committee meeting of the Legislative Council, lawmaker Elizabeth Quat Pei-fan asked the government to try to attract Chinese-American tech talent and US-listed Chinese firms that were seeking to leave the North American country amid the US-trade war. '[The government] could consider building a green lane to facilitate the listing of high-quality Chinese tech firms in Hong Kong. This can boost Hong Kong's stock market while advancing Hong Kong's tech development,' Quat said. US Treasury Secretary Scott Bessent reportedly declined to rule out the possibility that Washington might delist Chinese stocks from US exchanges. He also warned Beijing against trying to devalue its currency as a way to respond to the new tariffs. Advertisement In response to the lawmaker, Sun said: 'In reality, there are quite a few mainland companies listed on the Nasdaq that have recently reached out to us through different means. In this time, Hong Kong must leverage its unique advantages – freedom, openness and internationalism.'
South China Morning Post
02-03-2025
- Politics
- South China Morning Post
34% of women sexually harassed at work in Hong Kong but few take action: survey
One-third of women in Hong Kong have been sexually harassed in the workplace over the past three years but most of them do nothing about it fearing it will affect their job or because they have accepted it as the norm, a survey has found. Advertisement Lawmaker Elizabeth Quat Pei-fan, whose party jointly carried out the survey, said on Sunday that the issue of workplace harassment in Hong Kong appeared not to have improved in decades. 'We've been discussing this issue of workplace sexual harassment for more than … 20 years already, and the media has been reporting on such matters constantly over the years,' she said. 'But not many companies, not enough of them, actually take action to protect women.' She said organisations that committed themselves to ESG, or 'environmental, social and governance', responsibilities often overlooked the aspect of workplace sexual harassment. Advertisement ESG is a set of operational standards for companies that investors use to screen potential investments.
