About This Source - South China Morning Post
The South China Morning Post (SCMP), with its Sunday edition, the Sunday Morning Post, is a Hong Kong-based English-language newspaper founded in 1903. It is Hong Kong’s newspaper of record, owned by Alibaba Group.
Recent from South China Morning Post:
South China Morning Post published this video item, entitled “SCMP Explains: Hong Kong’s Tracker Fund” – below is their description.
US sanctions barring American investors from owning or trading in stocks allegedly owned or controlled by the Chinese military could deal a serious financial shock to millions of retail investors and pensioners in Hong Kong. The Tracker Fund, the biggest and most popular exchange-traded index fund in the city, has a dramatic U-turn within three days on its investment in several major Chinese-owned firms to its portfolio, because it is managed by a US-based company that must abide by the sanctions.
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In This Story: China
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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”.