Hong Kong freezes assets of media tycoon Lai under security law

About This Source - Al Jazeera English

The video item below is a piece of English language content from Al Jazeera. Al Jazeera is a Qatari state-funded broadcaster based in Doha, Qatar, owned by the Al Jazeera Media Network.

Recent from Al Jazeera English:

  • Slavery reparations, Mexico’s ‘kill zones’, a photographer’s field notes | The Stream
  • World Heritage Sites: How are they selected? | Inside Story
  • Generator fuel shortage in Lebanon risks patients’ lives
  • Al Jazeera English published this video item, entitled “Hong Kong freezes assets of media tycoon Lai under security law” – below is their description.

    Hong Kong authorities have frozen assets belonging to jailed media tycoon Jimmy Lai, including all shares in his company, Next Digital – the first time a listed firm has been targeted by national security laws in the financial hub.

    Also among assets targeted were the local bank accounts of three companies owned by Lai, Hong Kong’s Secretary for Security John Lee said in a government statement.

    The statement, issued after the market closed on Friday, said Lee had issued notices “in writing to freeze all the shares of Next Digital Limited held by [Jimmy] Lai Chee-ying, and the property in the local bank accounts of three companies owned by him”.

    Lai was sentenced to 14 months in prison for taking part in unauthorised assemblies during pro-democracy protests in 2019.

    He faces three alleged charges under a sweeping new national security law imposed by Beijing, including collusion with a foreign country.

    Al Jazeera’s Katrina Yu reports from Beijing.

    Al Jazeera English YouTube Channel

    Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.

    In This Story: Beijing

    Beijing, China’s sprawling capital, has history stretching back 3 millennia. Yet it’s known as much for modern architecture as its ancient sites such as the grand Forbidden City complex, the imperial palace during the Ming and Qing dynasties.

    2 Recent Items: Beijing

  • Tokyo Olympics: Opening ceremony highlights as tennis star Naomi Osaka lights the Olympic flame
  • China blocks probe into origins of COVID-19
  • In This Story: Hong Kong

    Hong Kong, officially the Hong Kong Special Administrative Region of the People’s Republic of China (HKSAR), is a metropolitan area and special administrative region of the People’s Republic of China on the eastern Pearl River Delta of the South China Sea. With over 7.5 million residents of various nationalities in a 1,104-square-kilometre (426 sq mi) territory, Hong Kong is one of the most densely populated places in the world.

    Hong Kong became a colony of the British Empire after the Qing Empire ceded Hong Kong Island at the end of the First Opium War in 1842. The colony expanded to the Kowloon Peninsula in 1860 after the Second Opium War and was further extended when Britain obtained a 99-year lease of the New Territories in 1898. The whole territory was transferred to China in 1997. As a special administrative region, Hong Kong maintains separate governing and economic systems from that of mainland China under the principle of “one country, two systems”.

    3 Recent Items: Hong Kong

  • Hong Kong: five arrested for sedition over children’s book about sheep
  • Flood toll rises in central China, as tens of thousands evacuated
  • Making A New China: Home Coming Journeys
  • Leave a Comment