Hong Kong Letter: Harsh jail sentences may harm financial centre and trading hub reputation

Hong-Kong News

Hong Kong Letter: Harsh jail sentences may harm financial centre and trading hub reputation
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Imprisoning of 45 former politicians and activists convicted under Beijing’s National Security Law could trigger the imposition of US visa restrictions on multiple Hong Kong officials

People wait to enter the West Kowloon Court ahead of a sentencing hearing for 45 pro-democracy activists in Hong Kong. Hong Kong’s special status could create a boom for its shipping and logistics industries next year if Donald Trump imposes a 60 per cent tariff on Chinese imports. Photograph: Lam Yik/Bloombergat the beginning of this week left the city battered by torrential rain for a number of days.

In many jurisdictions this is normal politics but for the three-judge panel that heard the case, it was tantamount to an attempt to overthrow the government. The mother of Hendrick Lui, who was sentenced to four years and three months, was bundled into a police van outside the court after she held up a sign that read: “Righteous people will live, villains must die”.

But the harsh sentences handed down on Tuesday could have more serious, immediate consequences for Hong Kong and its reputation as a financial centre and trading hub. Within hours, US state department spokesman Matthew Miller said Washington would take action in response to the jailings. Trump’s administration sanctioned 11 senior Hong Kong officials in 2020, banning them from owning property or other assets in the US and making it a criminal offence for anyone in the US to have any financial transactions with them. The city’s former chief executive Carrie Lam said she could not access banking services and had to keep piles of cash at home because of the sanctions.

Hong Kong’s special status could create a boom for its shipping and logistics industries next year if Trump imposes a 60 per cent tariff on Chinese imports. The expectation locally is that the tariffs will not apply to Hong Kong so more Chinese goods are likely to be shipped through the city’s port to avoid them.

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