Hero CEO Refused Communist Demands for Names

Local media in Hong Kong is reporting that Cathay Pacific airline’s CEO, Rupert Hogg, responded to demands from China’s Civil Aviation Administration to hand over a list of Cathay Pacific employees who had participated in the protests with admirable defiance.

According to unconfirmed reports, he responded by putting only his own name on the list provided. If the reports are true it would go some way to explaining his ‘resignation’ yesterday. Beijing has control of a big shareholding in the airline. It might not be as brave as the man in Tienanmen Square who stood alone against the tanks, it was the right response and he must have known it would cost him his job.

UPDATE: We re-emphasise that the veracity of local reports is contested.

mdi-timer 20th August 2019 @ 3:00 pm 20th Aug 2019 @ 3:00 pm mdi-comment Comments
‘Beijing Barry’ Takes £43,000 from China-Linked Firm

Barry Gardiner is still pocketing tens of thousands of pounds from a law firm whose head is linked to the Chinese regime. New figures show the Shadow International Trade Secretary has accepted £43,500 from Christine Lee & Co so far this year. The latest donations are on top of £180,000 he previously accepted from the firm…

Christine Lee describes herself as a “legal adviser to the Embassy of the People’s Republic of China in the UK” and “legal adviser to the Overseas Chinese Affairs Office of the State Council” in China. Her son, Daniel Wilkes, works in Gardiner’s office as a parliamentary researcher. The register states Wilkes is “paid by Christine Lee & Co (solicitors) for the work I do in Parliament”…

Gardiner’s current brief concerns international trade with China. He was a vocal advocate of the Hinkley Point power station deal, which involved a Chinese state-backed firm. Both the donations and employing Christine Lee’s son are allowed under parliamentary rules. Beijing Barry, still on the make

mdi-timer 17th May 2018 @ 11:45 am 17th May 2018 @ 11:45 am mdi-comment Comments
Chinese Press to May: “Is Britain Safe?”

Charming…

mdi-timer 1st February 2018 @ 3:14 pm 1st Feb 2018 @ 3:14 pm mdi-comment Comments
Cancel Hinkley, Because It Ain’t Worth It

hinkley

This chart from Bloomberg Energy is devastating. For the same budget as Hinkley we could get 20 gigawatts more electricity from gas, or the same for a fraction of the cost. Even solar would produce more energy at that price. Though with green renewable sources the capacity has to be discounted to reflect how much of the time the wind doesn’t blow and the sun doesn’t shine. Even so, that renewables are anywhere near competitive in cost terms means this has to be looked at by Phil Hammond with his calculator. George Osborne looked at it in political terms – the Chinese and the French will no doubt create some geo-political problems if May cancels the deal. The dash for gas makes far more sense…

mdi-timer 5th September 2016 @ 3:10 pm 5th Sep 2016 @ 3:10 pm mdi-comment Comments
Times Runs Full Page Ad for “China Heroes”

China Xinhua Times

On Page 22 of today’s Times sits a series of articles in contrast with the rest of the paper’s coverage of Team GB’s record Olympics haul. A bold headline emblazoned with the Chinese flag praises “China Heroes” such as weightlifter Long Qingquan and table tennis champion Ding Ning. A far cry from the front page headline of “Demand for new honours as Team GB beat China”…

Upon closer inspection, the gushingly patriotic articles are the efforts of a full page advertisement from the Chinese state’s official Xinhua News Agency. Xinhua today declared China “second in the overall standings”, despite Team GB coming second via the traditional tally of gold medals. Odd choice of paper for the bragging propaganda, since the proprietor has really gone off Chinese…

mdi-timer 22nd August 2016 @ 11:11 am 22nd Aug 2016 @ 11:11 am mdi-comment Comments
London Lands 30 Billion Rupee “Masala Bond”

hdfc uk india

India’s first offshore rupee-denominated bond was listed on the London Stock Exchange today. The investment – known as a “masala” bond – was issued by India’s largest bank HDFC, whose chairman Deepak Parekh praised London’s “wide range of financial instruments” and “unshakable trust from international investors.”

“While we did explore other markets for listing, the responsiveness and efficiency with which the officials at the UKLA and London Stock Exchange responded to our urgent requirements was remarkable.”

HDFC’s decision to place the 30 billion rupee / £341 million bond on the British market was preceded by the Chinese government earlier this year, who issued the first ever Yuan bond outside of China (worth £300 million) in May. Last week, the German stock exchange (Deutsche Börse) voted overwhelmingly in favour of merging with the London Stock Exchange, hoping to make it the world’s largest market. Both India and China are listed within the top 20 GDP growth rates in the world, and form part of Guido’s post-Brexit trade map. It cements London’s place as the financial capital of the world – Paris and Frankfurt didn’t have a hope. Even the arch-Remainiacs over at Bloomberg are grudgingly admitting it’s good post-Brexit news…

mdi-timer 1st August 2016 @ 12:06 pm 1st Aug 2016 @ 12:06 pm mdi-comment Comments
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