#Hong Kong risk assessment

[darkautomaton]

Best Practices in Corporate Risk Management in Hong Kong

With an increasingly complex legal, regulatory, economic, and technological environment, effectively managing organizational risks is critical for companies striving towards sustainable growth in Hong Kong. By taking a strategic approach to identifying key risk exposures and establishing governance policies to address vulnerabilities, both local and multinational corporations can enhance resilience.

Conduct Extensive Risk Assessments

The foundation for building robust risk oversight is to regularly conduct enterprise-wide assessments, tapping perspectives from leaders across functions on risks emerging within main business units, as well as at the corporate level. Special focus should be placed on emerging risks - from supply chain disruptions to fast-evolving cybersecurity threats. Risks posed by Hong Kong regulations and legal responsibilities around data, employment, IP, taxation and import/export controls should also be incorporated.

Appoint Centralized Risk Leadership

While business heads are accountable for risks within their domains, oversight at the core by a Chief Risk Officer and/or risk management committee provides critical independence and cross-functional coordination. Responsibilities span creating risk reporting procedures to keeping senior leadership and board directors appraised, to aligning mitigation plans with corporate strategy. Risk managers also liaise with insurance providers to secure proper coverage against financial hazards.

Implement Key Risk Policies

Findings from risk assessments should drive key policy changes, be it business continuity planning to address operational crises, instituting ethics training to reduce fraud and corruption, or enacting information handling protocols to avoid data leaks, hacking and illegal trading incidents that would undermine Hong Kong stock listings. Anti-money laundering and sanctions/export controls compliance also need special attention in Hong Kong as a gateway between China and global trade.

Monitor External Signals

In addition to internal risk monitoring, closely follow legislative or law enforcement policy shifts, as well as economic/political disruptions arising locally as well as in mainland China that stand to impact operations. Participate in trade groups and maintain contacts in agencies like InvestHK to receive critical market updates. Regular stress tests help evaluate Hong Kong megaprojects like the Greater Bay Area growth plan or One Belt One Road initiative - and gauge ensuing risk reprioritizations.

By approaching risk oversight as an integrated corporate capability monitoring both internal weaknesses and external threats, companies gain enhanced visibility into vulnerabilities which allows preemptively strengthening of operations against cascading Hong Kong/China hazards - thereby boostinglong-term performance and valuation for shareholders.

[mariacallous]

Georgians are in the streets fighting for their democracy. The Georgian Dream party, which is working to align Tbilisi with Moscow’s interests, declared victory in the country’s Oct. 26 election before the votes were even counted. Voters and election observers were harassed by Russian-funded gangs and mobsters; just after the election, protesters holding European Union flags were sprayed with water from high-powered hoses. And the person who has the iron will necessary to lead the charge against Russian-inspired authoritarianism in Georgia? A woman: President Salome Zourabichvili.

This is no accident. Across the world, women have, and are, playing incredible roles as bulwarks against the rise of authoritarianism. Moldovan President Maia Sandu is standing up to a tsunami of Russian disinformation. In Poland, women played a critical role in the effort to oust the right-wing populist Law and Justice (PiS) party. In Hong Kong, women continue to be the practical and normative face of resistance to Chinese authoritarian rule.

These are the freedom fighters of the 21st century. And yet, the U.S. national security community tends to view women’s issues as a domestic concern, frivolous, or irrelevant to “hard” security matters. For example, in 2003, discussions of securing Iraq excluded women, with a top U.S. general stating, “When we get the place secure, then we’ll be able to talk about women’s issues.” More recently, the role of women in the military has been reduced to discussions of diversity, equity, and inclusion, rather than a focus on how women have been vital to solving the United States’ most wicked national security problems—from serving on the front lines in combat to providing essential intelligence analysis. But if the overall aim of U.S. national strategy is to shore up democracy and democratic freedoms, the treatment of women and girls cannot be ignored.

Globally, women’s rights are often eroding in both policy and practice, from the struggles of the Iranian and Afghan women who exist under gender apartheid to the Kenyan women experiencing the harsh backlash of the rise of the manosphere. In tandem, there’s been a sharp rise in reports of online harassment and misogyny worldwide.

National security analysts explore issues and psychologies through any number of prisms, but Women, Peace, and Security (WPS) remains an underutilized one. One of the national security community’s core tasks is discerning signals from noise in the global strategic environment, and regressive ideas on gender and gender equality can be a useful proxy metric for democratic backsliding and authoritarian rise.

The United States’ 2023 Strategy and National Action Plan on Women, Peace and Security provides the backbone for the United States to leverage WPS to counter authoritarianism. It highlights that displays of misogyny online are linked to violent action. The plan also points out that formally incorporating gendered perspectives is essential for maintaining democratic institutions at home and modeling them aboard. This includes recognizing misogyny—online or in policy—as an early indicator of authoritarian rise.

Unfortunately, WPS is often misread as simply including more women in the national security workforce. But it is more than that. It offers a framework for understanding why it is useful to take gendered perspectives into account when assessing how the actions of individuals or groups enhance national security, which is especially important at a time when authoritarian regimes are weaponizing gender in ways that strengthen their grip on power domestically and justify their aggression abroad.

In Russia, President Vladimir Putin has argued that he is the guardian of traditional Christian values, telling women that they should be back at home raising children, and has been rolling back domestic violence laws at the same time. Days before invading Ukraine in February 2022, Putin said, “Like it or don’t like it, it’s your duty, my beauty,” which was widely interpreted within Russia as a reference to martial rape. Russia’s own army is built on a foundation of hierarchical hazing in which “inferior” men are degraded by their comrades. With that kind of rhetoric from the top, is it any wonder that Russian soldiers’ war crimes have included the rapes of women and children?

But Putin isn’t alone. In Hungary, Prime Minister Viktor Orban has consolidated media outlets to censor women’s voices, in the name of protecting traditional values. He has also used coercive financial practices to push women out of the workforce and positions of political power and into more traditional roles of wife and mother. In Belarus, President Alexander Lukashenko attempted to force the deportation of the most prominent woman opposition leader and imprisoned her after she tore up her passport to prevent it. In China, where women were once told they “hold up half the sky,” President Xi Jinping has worked to undo decades of Chinese Communist Party policy on gender equality. Chinese women are now being encouraged to return home and become mothers, while feminists have been targeted legally and socially.

The WPS agenda provides the U.S. national security community with three opportunities to recognize, understand, and counter early-stage authoritarianism.

First, the United States can do a much better job of supporting women’s groups around the world as a central aspect of its national security strategy. Women’s groups are often a bellwether for authoritarian rise and democratic backsliding—as currently on display in Russia, China, Hungary, Georgia, and Belarus, where women inside and outside their respective regimes have been specifically targeted or attacked.

Women have also found innovative ways to resist the rise of authoritarian norms. In places like Moldova, women have acted as bulwarks against authoritarianism despite vicious disinformation campaigns targeting women leaders. Yet when it comes to formulating and executing strategies on national security, women’s groups are often left in the margins and their concerns dismissed.

Second, gender perspectives are essential to more fulsome intelligence gathering and analysis. The U.S. intelligence community can do a much better job of integrating gender—particularly as it relates to the treatment of the most vulnerable—as an indicator of societal and democratic health. This includes understanding how both masculinities and femininities influence decision-making and how, in turn, lived experiences act as necessary analytical tools. Training collectors and analysts of intelligence to recognize gendered indicators will provide a more robust view of the geopolitical landscape and fill critical holes in national security decision-making.

Finally, the United States must improve the participation of its national security community in WPS and feminist foreign-policy discussions. For too long, the “hard” security sector has distanced itself from more “human” security-focused endeavors and treated women’s rights as something that’s just nice to have.

Yet national security is an essentially human endeavor, and gender is a central component of what it means to be human. This is something that needs to be appreciated to better understand the many dimensions of the conflict—disinformation, online influence campaigns, and lawfare—that authoritarian regimes are waging against the United States and its allies.

[schrijverr]

What Happens in Hong Kong…

What if the fight in 1x19: Unfinished Business had gone a little differently and Tommy learned about Oliver kidnapping him in Hong Kong?

On AO3.

Ships: none

Warnings: mentions of canonical violence and canonical character death

~~~

Oliver is still off balance about today as he wanders back into the club. Seeing the Count like that, deciding not to kill him, it’s strange. There was a time where he wouldn’t have hesitated to put that arrow in his brain, but today he couldn’t do it.

He wonders how he’s changing. There is so much darkness inside of him that he ripped out and put into this persona, transmitting it from Kapyushon to the Hood. But now that darkness is leaving the Hood and he isn’t sure if it’s leaving him all together, or if Oliver Queen is reabsorbing that darkness.

A movement catches his eyes and he instinctively focuses on it, assessing it as a threat.

It’s Tommy and he immediately feels guilty about putting Tommy in the threat category, even though he knows his brain just works that way. He spots the folder in Tommy’s hand and sees an opportunity to make up, calling out a “Hey,” that stops Tommy in his tracks.

“How are we doing?” Oliver asks. He knows the other man is mad at him, but he doesn’t know how much. The question feels neutral enough to get a gauge on where they stand, before making his next move.

“In the black,” Tommy answers curtly, not meeting his eyes. Still mad then. It’s confirmed when Tommy coolly asks: “Did the Hood get his man?”

“Well,” Oliver lets out a breath, “we won’t have any problems with Vertigo anymore.” He isn’t sure if the question was genuine, but he’d rather not risk it. Plus, maybe showing he did some good will make Tommy less mad.

It doesn’t seem to work. Tommy keeps his back turned to him and is now counting money. If he wants to make it right, he’s going to have to do better than pretending it didn’t happen. It’s difficult for him, but Oliver manages to start: “Look, Tommy, I’m sorry-”

“I’ve caught up the bookkeeping and all my notes on the inventory are in there, along with the list of supplier that we use,” Tommy cuts him off.

An uncomfortable feeling crawls down Oliver’s throat and constricts his chest, but he doesn’t want to read into the situation. Doesn’t want to believe what his brain clicks together. Doesn’t want to assess all possibilities and plan. He doesn’t want to let Tommy go. So, he falls into an easy pattern that has always come to him and plays dumb, saying: “Okay? I don’t see why you’re telling me that.”

Tommy turns around, meeting his gaze with eyes he barely recognizes. He has never seen Tommy upset with him like this.

“This club is important to me,” Tommy tells him, then walks forward accusingly. “But for you it’s just a front. You want me to keep your secret, help you be this thing you’ve become, but you refuse to see me for what I’ve become. I’ve got just a bit more self-respect for that.”

Each and every word hits him in his chest and he watches helplessly as Tommy walks away. His brother in all but blood is leaving his club – their club – with nothing more than an, “I quit,” thrown over his shoulder.

Oliver can’t let that happen.

Tommy is his rock, always has been. Being able to work with him is one of the best thing that has happened to him. Tommy is such a joy, so innocent and untainted by all the darkness Oliver carries inside him. When he’s with him, he can almost forget his own darkness.

There is a truth to Tommy’s words. He doesn’t see Tommy for who he has become, not entirely at least, and that hurts. Because Tommy isn’t the same. He has gotten more mature. Oliver just saw that same happiness and mistook it for immaturity, because his own happiness has been beaten out of him so he could survive and he can’t fathom surviving while being happy, can’t fathom living instead of surviving.

“Wait,” he calls out, before Tommy can open the door, needing him to stay.

A relief washes over him when Tommy pauses, however, he doesn’t turn around, just stills as he waits to see what will come out of Oliver’s mouth next. It’s terrifying, because he has lost the way he would charm himself out of trouble, replaced it with beating the problem until it’s gone. But now he has to talk and hope it’s enough to keep his friend.

“It’s not-” he starts, then realizes that saying it’s not you, but me, probably isn’t the best idea. He bites his lips, then starts again: “When I was on the island, I- I wasn’t alone.”

Tommy makes a confused noise and turns just a bit, throwing a glance Oliver’s way. He knows everyone wants him to open up about what happened there, talk to them. Whether it’s concern or morbid curiosity. Tommy isn’t immune either.

He could talk about Slade, how he turned in a matter of minutes due to drugs in his system. How he’s had friends turn against him. But he doesn’t. It won’t work. Because it’s not Tommy, who is the problem; it’s him.

“There were these group of mercenaries, who were trying to set up a base of operation there. Off the grid,” Oliver twists the truth. He’s sure Amanda Waller won’t like him talking about her involvement there and he doesn’t fancy A.R.G.U.S. showing up on his doorstep any time soon.

“I ran into a special ops, who’d been trying to stop them, but got stranded on the island when his plane was shot down. He helped me survive and get away from these men, but he’d gotten shot. We had targets on our back,” Oliver says, watching as Tommy turns around fully now, listening intently, though with a confused frown on his face.

“There were these herbs in a previous hideout we’d used and we needed them to treat his wound, so I went to get them,” Oliver explains, glad he found a good way to present this, though a little sick for what he was about to admit next.

“When I got there, I found a man. He was tied up, beaten bloody,” Oliver says, swallowing thickly as he remembers him. “He told me he was on a school trip on a fishing boat and it went down, that he washed up here and was found by those mercs, who were about to kill them until they’d been called away for a scuffle. Me and my friend, probably.”

Tommy is now letting go of the handle. Oliver has successfully convinced him to stay and listen, interesting him enough to not want to leave. A part of him wishes he would have failed, so he doesn’t have to actually get to telling this part.

“He begged me to cut him free, terrified those men would come back and finish what they started,” he says, dragging it out, because he doesn’t want to say it, until he has to. He is quiet for a beat, taking a harsh breath, before he rips the band aid off: “I didn’t cut him free. I left him there.”

Oliver looks at the ground, determined not to see Tommy’s expression and glad for that determination when an outraged Tommy exclaims: “What the hell, man! Why not?”

He looks up, his eyes filled with emotions that are warring in his chest as he admits: “Because I didn’t know him, Tommy. I left him there to die, because I couldn’t confirm his story and we couldn’t use a liability.”

Tommy is quiet for a moment, then scoffs: “So what? Am I the liability? Is that what you’re saying?”

He had a whole point with the story, about how he doesn’t know anyone anymore. That he knows they’ve all changed, but he doesn’t know how and he can’t risk it. But having Tommy think that… it’s the worst. Tommy has always been too good. Oliver must rectify it immediately.

“No!” the word comes out quick and harsh, followed by a waterfall of words that had been trapped inside him and now come rushing out: “It’s me. Can’t you see that? For five years, I had to mistrust everyone, try to find their masks, before it got me. Because that guy? He wasn’t a student on a field trip at all. He was one of them. When we got captured, he was there, manning their equipment. It was a trap. I made the right call by leaving someone to die, Tommy.”

His breathing is harsh now and Tommy has recoiled from him when he started talking, his voice getting louder and louder.

When he opens his mouth again, his voice is softer, almost a whisper and coated in shame: “I see that you’ve changed. I see it, Tommy, I do. But a part of my brain can’t help but wonder if it’s a mask, a ruse. When it’s gonna drop and how it’s going to screw me over. Mistrusting everyone comes so much easier to me now.”

He swallows and admits: “It’s not you, it’s everyone. I don’t trust my mom when she says that I’m home, that I’m safe and she loves me. Don’t trust Thea when she hugs me, afraid she’ll have a knife at my back. And that’s on me. Not them.”

He meets Tommy’s eyes, tears in his own, though he valiantly fights them down. He has turned off his emotions for years now, he can manage not crying, no matter how hard it is. Across from him, Tommy looks shocked and a little heartbroken. Oliver wishes he wasn’t used to getting that expression from people, confirming how fucked in the head he is.

“I am so sorry that I thought you dealt those drugs. I know you better than that- I should know you better than that. It’s not a mask with you, it couldn’t have been. Anyone who’d fly across the world to find me, wouldn’t be going behind my back,” Oliver says, needing Tommy to understand.

At first it looks like it’s going to work, like opening up is actually going to help. Which is great, because he’ll keep his friend, but horrible, because then he might have to do it more.

However, then Tommy frowns and suspicious he asks: “How did you know I’d flown across the world to try and find you?”

“Uhm, Laurel mentioned it,” Oliver says, kicking himself for bringing it up.

“No, she couldn’t have. No one knew, except my dad. I didn’t want to give anyone false hope,” Tommy shakes his head. “You couldn’t have known, unless- unless you were there.”

Oliver’s heart stops. He never should have let that slip, how could he have been so stupid. Now, he needs to do damage control as quickly as he can. Tommy can never – never – end up on Amanda’s radar.

“Tommy, look at me, look at me right now,” Oliver snaps, moving towards the other as fast as he can to grab his face to force him to meet his eyes, having to force himself to not care about how Tommy flinches back and struggles. “You cannot tell anyone, and I mean anyone, about Hong Kong.”

“So you were really there?” Tommy asks, his voice distorted by Oliver’s grip, which would have been funnier were it not for the betrayal that’s in there too.

“Promise me you won’t tell,” Oliver insists.

“Did you see me?” Tommy demands, not replying to Oliver.

Oliver lets go of his face to shake his shoulders, repeating: “Promise me you won’t tell.”

“Not until you tell me how you know,” Tommy says angrily.

After quickly running through all his options, Oliver admits: “I was the one that kidnapped you. Now promise me.”

“What the hell, man!”

“Promise me,” Oliver yells.

“You just said you kidnapped me! You were not on that island. Why the hell would you not come home? Why would you lie about that? Why would you hide that?”

“Just promise me you won’t tell, it’s important.”

“Why?”

“Because they might come for you,” Oliver explodes.

“Who?” Tommy explodes right back.

“The- the people that got me from the island,” Oliver says, quietly, looking around as if he expects Amanda to appear from the shadows.

“Oliver, tell me what happened,” Tommy asks. He isn’t angry anymore, but confused and obviously hurt, as well as concerned. He’s so Tommy. So like his mother. Oliver has never been good at saying no to Tommy, it’s how they got into so much trouble together.

He sighs, looks around, then drags Tommy down to the basement, making sure to close the door behind him and sweep the room.

“Uhm, you’re- you’re kind of scaring me, dude,” Tommy chuckles nervously.

“Good,” Oliver says, giving him a glare. Before taking a centering breath. He doesn’t want to be mad at Tommy. It’s not his fault.

“The wrong kind of people heard about what happened on the island. We stopped those mercs. Not because it was the right thing to do or some noble reason or whatever. They were a threat to me, so they had to go, and they had a possible way off the island, which was good. We took them down, because of selfish reasons,” Oliver says.

“We? Your friend, the spy dude?” Tommy asks.

“Yes,” Oliver says, seeing no reason in mentioning Shado… or Sara. “He- He didn’t make it. I did.” It still hurts to say that, no matter how many years have passed and how it ended between them. He still misses his friend, despite what he turned into.

“I’m sorry.”

“It’s okay.”

“So, uhm, the wrong people heard? What does that mean?” Tommy says, an obvious prompt to get him to talk and get the uncomfortable silence to end. Oliver misses the time their silences were never uncomfortable.

“At first I actually thought they rescued me,” Oliver says bitterly. “But they just needed me to break in somewhere. As a dead man, no one would notice if I didn’t come back. And no one would suspect it was me. Perfect fall guy.”

“That’s seven kinds of fucked up.”

“Tell me about it,” Oliver grins, though it’s more a quirk of his lips these days. “I tried to escape, logged into my email, before I was recaptured.”

“It was really you,” Tommy breathes, still a little disbelieving.

“It was,” Oliver confirms. “A few days later, I find myself on a rooftop with a gun pointed at your head.”

“What?” Tommy chokes.

“They needed me inconspicuous. You can’t be that if there is someone going around town with your picture. They needed you off the board. I didn’t want to shoot you.”

“And you didn’t, because I would have known that.”

Oliver smiles at the reaction, a bit of his guilt alleviated by Tommy’s ability to make a joke about the whole situation. “No, I didn’t,” he agrees. “The kidnapping you was necessary to get you out, because if I didn’t take you off the board, someone else would have. And they wouldn’t have hesitated in pulling that trigger.”

Tommy pales and swallows heavily, retroactively scared for his life, which had been in danger without him even knowing. Oliver wishes he could take that fear, that Tommy would have never known that he had a gun pointed at him, that he tranquilized him and took him to a warehouse where he scared the shit out of him.

“So you saved my life?” Tommy squeaks after a second. And Oliver’s heart lets out a rush of warmth while breaking. Of course Tommy would see that as saving his life, not endangering it.

“I made sure you weren’t killed, sure,” Oliver agrees, because he doesn’t feel like flaying himself open more than he already has. This is why he doesn’t open up to anyone, it just invites questions and feelings.

“Did you do the break in for them?” Tommy asks.

Oliver nods tightly. “Not much else I could do,” he says, trying to forget seeing everyone here, being home, as well as the devastation in Hong Kong. Akio dying, General Shrieve tortured. Both by his hands.

“And what then, this was years ago. Did they keep you captive?” Tommy demands to know, which is valid, since he did say he was on the island for five years when he obviously wasn’t.

The more Tommy knows, the more danger he’s in, he doesn’t need to know about the Bratva and he probably wouldn’t believe the magic bit. Yeah, if he tells him about the magic bit, he’ll probably end up right next to the Count.

So he tells another half truth, pretending to be sincere, because that’s his entire life at this point. At least he doesn’t have to fake the bitterness when he says: “When it was done, they drugged me and dropped me right back on that god forsaken island. Covering up their tracks. I suppose I should be grateful they kept their end of the bargain and didn’t kill me.”

Tommy has wide disbelieving eyes and he staggers to the chair Felicity usually sits in as he processes everything Oliver just told him.

Oliver gives him a minute or so, before he softly says: “You’re free to walk away, Tommy. You’re free to hate me for lying to you about it, or suspecting you for the drugs. I’m fine with that. But, please, promise me you won’t tell anyone I was off that island.”

“You think they’re still watching you?” Tommy hisses, looking around now too, much like Oliver did earlier.

“I don’t think they have someone trailing me, but they likely will show up if rumors about this start going around,” Oliver says honestly. Amanda likes her status quo, she won’t let Oliver risk her operation.

“Fuck, man,” Tommy says, letting out a deep breath. He leans back in the chair and rubs his face, while Oliver studies him nervously.

Tommy hasn’t retracted his quitting, nor has he reacted beyond telling Oliver how fucked it all was, which is nice and strange. Oliver does know what happened to him was kind of fucked up, but fucked up has become his normal that he didn’t even realize until he saw Tommy react to what he told him.

“Are you still going to quit?” Oliver asks after a bit, unable to take the silence that is interspersed with mutterings of that’s so fucked up from his friend.

“I’m still a bit mad at you,” Tommy says and Oliver feels his gut churn, so much for opening up to people. “However,” Tommy goes on, “I would also be a suspicious fuck if that shit happened to me, so when I- when I process all… this, uhm, I’ll- I’ll get back to you.”

“…So I shouldn’t look for your replacement?” Oliver inquires shyly, unable to stop the bit of hope that creeps into his chest.

“Nah, man, this is our club, right?” Tommy smiles. “Just gimme a few days and we’ll be cool.”

“Thank you,” Oliver says and he has never meant two words more.

Tommy is still kind, not hardened by the world the way Oliver is. He still forgives easily, forgets just as quick. It will get him killed some day, but Oliver doesn’t want him to stop. Learning that the world is unforgiving is not fun and he doesn’t want Tommy to have to learn it, doesn’t want him to loose that innocence.

His darkness is forever a part of him, no matter how much he puts it into the Hood, it still haunts his every interaction. Today has shown him that much. However, not everyone is like him and that’s good. That’s the best actually. He hates who he is, he wouldn’t want anyone to be like him.

Oliver vows to keep an eye on Tommy, make sure he’s not being too kind to the world that will never be kind back and will never deserve that kindness. Because Oliver is being given that kindness now, and he cherishes it. He’ll preserve it in Tommy, keep the darkness as far away from him as possible.

At that point, Oliver couldn’t have known how hard that promise would be to keep. How Tommy would hurt due to the sins of his father, much like Oliver does. How Oliver would wish, he hadn’t tried to preserve that kindness, because it’s the lack of kindness that has helped him survive regardless and it’s the excess Tommy has of it, that gets him killed.

But that’s the future. Right now, he’s happy that his friend is still there with him, that he didn’t royally screw up everything he touches. That despite the darkness of the Hood, Oliver Queen still has enough humanity to have people like Tommy in his life.

~~

A/N:

Do I think Oliver – especially season 1 Oliver – would ever open up like this? No. But I like him talking about Lian Yu, so he will here for my entertainment.

[head-post]

British MI5 issues alert on Chinese spy to divert attention from PM scandal

The UK’s domestic spy agency MI5 issued an alert calling a woman a Chinese agent to allegedly divert attention from a COVID lockdown party scandal involving former prime minister Boris Johnson, according to Reuters.

In January 2022, MI5 issued an alert about lawyer Christine Lee. The agency claimed she was “involved in political interference activities” in the United Kingdom on behalf of the ruling Chinese Communist Party.

The warning was circulated among lawmakers by the Speaker of the House of Commons, who stated MI5 discovered that Lee had “facilitated financial donations to serving and aspiring parliamentarians on behalf of foreign nationals based in Hong Kong and China.”

Lee is now suing MI5 for unspecified damages. She claimed the agency acted unlawfully and unreasonably. At an Investigatory Powers Tribunal hearing on Monday, her lawyer Ramby de Mello read out a message sent to Lee from Barry Gardiner, an MP for the opposition Labour Party. Gardiner claimed he had received hundreds of thousands of pounds worth of donations from her.

He also stated “many people” believed that the timing of the alert was intended to divert attention from Johnson’s admission of an unlawful gathering at Downing Street during the first COVID lockdown. The day before the notice was issued, Johnson had apologised to parliament for attending a “bring your own booze” gathering that had been held at his official residence.

I had never believed that the Security Services would be overtly party political in that way. What has been suggested to me is that the Security Services may have wished to ‘pick a fight’ or to ‘detract attention’ from something else and that we were simply collateral damage.

De Mello stated that MI5 did not have the authority to issue an “unprecedented” notice alleging that Lee had engaged in political interference on behalf of the United Front Work Department of the Chinese Communist Party.

In their written statements, MI5’s lawyers claimed the alert (IA) was announced on national security grounds. It also aimed to protect parliamentary democracy from foreign interference.

The respondent assessed that (Lee) posed a risk of this nature, and its judgment was that the issuing of the IA was the most effective and proportionate means to address that risk. Those assessments were rational and lawful.

The hearing continues on Tuesday.

Read more HERE

[nursingwriter]

¶ … goal of their ethical calling, physicians, nurses and other health care workers are obliged to treat the sick and potentially infectious patients and, in so doing, they are to take some personal risk (Murray 2003). This was the bottom line of the assessment and stand made by Dr. Henry Masur and his colleagues at the National Institute of Allergy and Infectious Disease (NIAID), particularly during the outbreak of dread global SARS in Canada and Hong Kong last year. They also referred to other epidemics, such as the HIV / AIDS. Masur emphasized that this primary goal and obligation is voluntary and sets the medical profession apart from other professions, precisely because of the involvement of some personal risk in fulfilling that obligation. Besides physicians, medical professionals are nurses, dentists and health workers. Records of the first SARS outbreaks in Toronto and Hong Kong showed that a huge 50% of those affected were, in fact, health-care workers (Murray). In Toronto alone, 40% were nurses, 19% were physicians and 41% were respiratory therapists, radiology and electrocardiogram technicians, paramedics and research assistants, including housekeepers, clerical staff and security personnel (Murray). Dr. Masur took the opportunity to point to that obligation to treat the sick and take the personal risk despite uncertainty, a question, which came up during the outbreak of HIV and AIDS almost 20 years ago. At the same time, he underscored the role of health-care administrators to provide equipment and environmental controls in maximizing the safety of their staff as part of their administrative responsibility (Murray). He, however, admitted that there are "countervailing considerations that can and should be taken, such as or including a high potential serious injury or death, and, thereby, limit their primary duty to treat and take personal risk (Murray). Nevertheless, there is yet no definable level to determine when a particular risk becomes high enough to defeat the primary obligation. The general norm is to evaluate the risks of other infectious diseases, which do not always respond to therapy, such as drug-resistant bacteria, meningococcus and the Ebola virus (Murray). Dentists may not refuse to treat an HIV patient because he or she is infectious (Schulman 2000). In the case of School Board v Arlene of 1987, the U.S. Supreme Court held that risk to others must first be accommodated and the remaining risk must remain significant before discrimination could be justified. Consequent studies demonstrated that there was "nothing remotely approaching a significant risk of transmission in dental or health care settings even without reasonable accommodation (Schulman)." "Reasonable accommodation" meant proper control of the infection. Furthermore, dentists have no right to compel a patient to reveal HIV results in order to be treated, because disability law protects the patient's right to conceal those results. They have the right to require such information only when it is relevant to proper patient care and treatment, as all relevant medical information must be disclosed by the patient (Schulman). Unfortunately, many HIV-infected patients do not truthfully fill out medical questionnaires for fear of being refused treatment. It was believed that this behavior would not be to the best interest of patients themselves and would prevent a beneficial relationship with the dentist. Dentists faced two problems: establishing an environment of trust with the HIV-infected patient and protecting confidential information when revealed (Schulman). The law has long been protective of privacy information, such as a diagnosis of mental illness that could produce stigma or breed discrimination. Recently, this information came to include HIV information, which dentists must contend with in their practice. A recent study of U.S. doctors showed that those willing to care for patients during a bio-terror outbreak of an unknown but potentially deadly illness dropped from 80% to only 40% (Levin 2003). Dr. G Caleb Alexander and Dr. Matthew Wynia of the University of Chicago Hospitals surveyed 526 physicians and found that fewer expressed willingness to treat when there was specific threat to their personal safety. Their study revealed that only 21% of the respondents were willing to brave a bio-terrorist attack and that 80% of these came from sectors that acknowledged their professional obligation to care for patients during epidemics, despite the dangers (Levin). These sectors were associated with primary care practice and the feeling of personal preparation to treat these patients, out of a duty and commitment to do so. The American Medical Association issued a call to doctors to apply themselves to their knowledge and skills, though the use might place them at some risk. These doctors who expressed willingness to take the risk believed that real bio-terrorism was not quite likely to occur, only 15% of them acknowledged the probability in the next few years (Levin). Drs. Alexander and Wynia felt that physicians should be endowed with supplemental instructions on how to respond promptly to medical disasters, such as where to report an emergency and how to generate a feeling of readiness, even when a physician cannot expertly tackle an outbreak or case of smallpox, anthrax or another source of bio-terror infection (Levin). They quickly explained that preparedness for a bio-terrorist attack required more than medical knowledge and skills, but precisely to put that knowledge to work, which entailed some risk. This kind of readiness was demanded, not only by bio-terrorist attacks, but also by other natural occurrences of epidemics (Levin), including hemorrhagic fevers, plague and SARS. The threat of unusual and new disease outbreaks from bio-terrorist sources, however, presented a unique opportunity for especially-committed physicians to exhibit their intense devotion to long-standing ethical principles on their sworn duty to treat (Levin). But there are conditions and circumstances under which physicians felt that they could and should terminate a relationship with a patient (Katz and Paul 2002). Among these were the failure of the patient to pay for the physician's services, the failure to appear for appointments or take medications as prescribed, the securing of morally and religiously inappropriate or wrong services, or the patient's having a communicable disease. These conditions and circumstances must be balanced before the law and not be resorted into out of the physician's unwillingness to extend medical care (Katz and Paul). A physician did not have the duty to treat a patient if there was no established relationship between them. This meant that the physician's "duty to treat" could not be forced upon him (or her) in refusing to treat a person needing emergency care because, and as long as, a doctor-patient relationship was not established (Katz and Paul). Common law allowed physicians the freedom to decline to extend treatment to such a person. The law of contracts and the inexistence of such a relationship did not confer the "duty to treat" upon the physician: the relationship was also based on voluntary consent on both sides. In establishing the legal relationship, both parties must act affirmatively in a way wherein the physician expressly or impliedly wanted or was willing to treat the patient and, therefore, establish the relationship with the latter (Katz and Paul). The relationship was customarily established when the physician saw the patient, but it could be established even if the patient failed to appear for the appointment and the physician agreed to treat him or her. It could also be established if a primary care physician referred the patient to a specialist or another physician - usually participating in the HMO - and the specialist or other physician set an appointment for the patient (Katz and Paul). When the relationship got established, the physician assumed the responsibility and "duty to treat" and provide care to the patient until the relationship got terminated by their mutual consent, the dismissal of the physician by the patient, the completion of the physician's services or when the physician withdrew from the relationship. Many laws, however, prominently laws governing emergency treatment in hospitals and out of ethical constraints, have limited a physician's ability to terminate such a relationship with a patient. Congress enacted the Federal Emergency Medical Treatment and Active Labor Act, or EMTALA, to ward off or contain "patient dumping" by hospitals, primarily because of the patients' inability to pay for medical services (Katz and Paul). EMTALA obliged hospitals and their physicians to extend medical screening examinations and medical stabilization to all who seek emergency care, regardless of the ability to pay. Physicians who refused to comply could be subjected to monetary penalties and exclusion from Medicare and Medicaid programs for such a violation (Katz and Paul). There were also anti-discrimination laws that curtailed the physician's option not to treat. Section 504 of the Rehabilitation Act of 1973 prohibited the exclusion of a disabled person from receiving benefit on the sole basis of his or her disability, when the program was federally funded. This was especially true with the Americans with Disabilities Act of 1990 as it covered those with a contagious disease (Katz and Paul). Title III of this Act prohibited a place of public accommodation from denying a person access to health care on account of his or her disability, unless this person presented a direct threat or significant risk to the health and safety of others (Katz and Paul). Quite often, the courts declined to apply this law to a physician's refusal to treat, such as in Bragdon v Abbott in 1998 when the Supreme Court decided that asymptomatic HIV was a disability. In the case, the dentist refused to fill a cavity because the patient has HIV but without symptoms. The patient sued the dentist under the ADA and the Supreme Court ruled that health care providers had the legal obligation to treat (even) HIV infected patients because HIV was considered a disability (Katz and Paul). The American Medical Association issued a similar position. Both ethical and legal opinions and inclinations went against a physician's intentionally and unilaterally discontinuing or refusing a patient relationship, unless the physician could provide the patient reasonable notice in writing and enough time to look for another physician (Katz and Paul). The refusal or inability to meet these conditions constituted abandonment or dereliction of duty if injury resulted. The physician could be subjected to disciplinary action and civil liability Many physicians believed that they could "fire" a patient when the latter became unable to pay for the physician's fees under non-emergency situations. But the courts were not unanimous on the matter. Some courts determined that the relationship could be terminated if the physician gave the patient a written statement of the intention to severe the relationship and enough time to look for another physician. Other courts decided that a physician could end the relationship if the patient became uncooperative with the health plan and after informing the latter and giving him or her a list of other participating providers or upon the patient's agreement to pay from his or her own pocket for the medical services. Likewise, a physician was not obliged to prescribe or extend medical treatment that he or she deemed ethically or religiously objectionable or medically ineffective (Katz and Paul). The physician should discuss his or her objection to the kind of treatment sought by the patient, offer non-objectionable alternatives, which could be as effective or more effective and document the discussion (Katz and Paul) for records purposes. The physician might also deny treatment or care when requested outside the physician's clinic or office hours or in inappropriate places. The physician could also choose to close their windows and refuse to accept more patients when they felt that they had no more capability to do so at that moment (Katz and Paul). The physician was also justified in refusing to treat disorderly and uncooperative patients under non-emergency situations. Patients who refused to follow the physician's health care plan or a specific regimen could be dismissed by the physician after serving a written notice of the intent and the reasons and the patients did not modify their behavior. Just the same, the physician must wait until the uncooperative patients could find a replacement (Katz and Paul). A physician who got employed for a specific function would not be under an obligation or duty to treat beyond the duration of that function. Surgeons on one-time basis would fall below this category. Even then, surgeons must make it clear to the patient that repeat visits or continued treatments could not be expected (Katz and Paul), as the surgeon's service was limited to a certain illness or injury or to a particular time and place and that another health care practitioner would provide follow-up care (Katz and Paul). Denial of care could never be given as a pretext of discrimination. Policies and procedures must be observed and complied with uniformly and in a non-discriminatory way in order to avoid this. The physician must give not only enough time for the patient to locate another physician but also actually help in looking for this substitute and include reasons for the termination of the relationship in the patient's medical records (Katz and Paul). The physician-patient relationship assumed certain obligations: the physician was not allowed to say "no" without exposing himself or herself to civil liability and malpractice. Moreover, this could not be done or resorted to when the patient needed medical care. All the reasons must be made clearly and sufficiently known to the patient and adequately documented. In summary, the same utmost regard taken in treating a patient would be demanded of the physician in discontinuing their relationship. Bibliography Katz, Laura L. And Marshall B. Paul. When a Physician May Refuse to Treat a Patient. Physician's News Digest, 2000. http://www.physiciansnews.com/law.202.html Levin, Aaron. Doctors Willing But Not Ready to Treat Deadly Bio-terror Agents. Health Behavior News Service: Center for the Advancement of Health, 2003. http://www.cfah.org/ubns/news/bioterror09-17-03.cfm Murray, Terry. Health Care Staff Have a Duty to Treat. The Medical Post: Rogers Media, 2003. http://www.medicalpost.com/mpcontent/article.jsp.jsessionid=NJCJNDCEAGHH?content=20020515_09 Schulman, David I. The Dentist, HIV and the Law: Duty to Treat, Need to Understand. Dental Treatment Consideration, 2000. http://www.hivdent.org/dtcblaa082001.htm Stavis, Paul F. And Amy Petragnani. Suicide: to Treat or Not to Treat. Quality of Care Newsletter, issue 65, November-December 1995. http://www.cqc.state.ny.us/counsels_corner/cc65.htm Read the full article

[learnmorewithus]

Why an MBA in Finance is the Key to a Lucrative Career

The financial sector is the backbone of global economies, offering high-paying and prestigious job opportunities for skilled professionals. If you’re looking to accelerate your career, an MBA in Finance can provide the knowledge, expertise, and network to succeed in this dynamic field. Here’s how pursuing an MBA with a specialization in Finance can open doors to a lucrative career.

1. High Demand for Finance Professionals

Every business, from startups to multinational corporations, needs financial experts to manage budgets, investments, risks, and strategic planning. With an MBA in Finance, you position yourself for in-demand roles such as Financial Analyst, Investment Banker, Chief Financial Officer (CFO), and Risk Manager—all of which offer excellent career growth and salary potential.

2. Lucrative Salary Packages

Finance professionals are among the highest earners in the corporate world. According to global salary reports, MBA graduates specializing in finance often secure six-figure salaries soon after graduation. Additionally, finance careers come with performance-based bonuses and profit-sharing opportunities, further increasing earning potential.

3. Expertise in Financial Strategy and Decision-Making

An MBA in Finance equips you with advanced skills in financial modeling, risk assessment, investment analysis, and corporate finance management. These strategic skills are highly valued across industries, making you a critical asset to any organization looking to maximize profitability.

4. Career Opportunities Across Industries

Unlike other specializations, finance professionals are needed across all sectors, including banking, investment firms, insurance, healthcare, real estate, technology, and even government organizations. This versatility allows you to choose a career path that aligns with your interests and long-term goals.

5. Leadership and Management Growth

MBA programs emphasize leadership, strategic thinking, and decision-making skills, preparing graduates for senior management roles. With experience, you can move into executive positions such as CFO, Finance Director, or even CEO, overseeing an organization's entire financial strategy.

6. Networking and Industry Connections

An MBA program provides unparalleled networking opportunities with industry leaders, alumni, and faculty members. These connections can lead to job referrals, mentorship opportunities, and even entrepreneurial ventures in the finance sector.

7. Global Opportunities and Career Mobility

Finance is a universal field, allowing professionals to work in different countries and financial hubs like London, New York, Dubai, and Hong Kong. With an MBA in Finance, you gain globally recognized skills that enhance your mobility and job prospects worldwide.

Conclusion

An MBA in Finance is not just an academic qualification—it’s a strategic investment in your career. It provides the skills, industry recognition, and earning potential needed to thrive in today’s competitive financial landscape. Whether you aim to become an investment expert, financial strategist, or corporate leader, an MBA in Finance can help you achieve your professional goals and secure a prosperous future.

[subinirfan]

Which Countries Accept ACCA? Global Recognition & Work Opportunities

The Association of Chartered Certified Accountants (ACCA) is a globally recognized qualification that opens doors to a wide range of career opportunities in accounting, finance, and management. With members and students in over 180 countries, ACCA offers a pathway to international employment, higher salaries, and career growth. In this article, we will explore the countries where ACCA is accepted, its global recognition, and the work opportunities available.

Global Recognition of ACCA

ACCA is one of the most prestigious and widely accepted professional accounting qualifications worldwide. Its syllabus aligns with international accounting standards, making it highly valuable in global finance and business sectors. Many countries recognize ACCA either as an equivalent to their local accounting qualification or offer exemptions and membership pathways to local accounting bodies.

Countries That Accept ACCA Qualification

1. United Kingdom (UK)

As ACCA is based in the UK, it is fully recognized by employers, audit firms, and financial institutions. ACCA members can work in top-tier accounting firms like PwC, Deloitte, EY, and KPMG, as well as multinational corporations and government sectors.

2. European Union (EU) & EEA Countries

ACCA is recognized across many European Union (EU) and European Economic Area (EEA) countries, including:

Ireland – ACCA members can work as auditors, financial analysts, and consultants.

Germany – While ACCA is accepted in private sectors, auditors may need additional local qualifications.

France, Netherlands, Spain, and Italy – ACCA is valued in multinational companies and financial services sectors.

3. United Arab Emirates (UAE) & Middle East

Countries such as the UAE, Saudi Arabia, Qatar, and Bahrain highly regard ACCA for roles in banking, auditing, and corporate finance. The Big Four firms and top financial institutions actively hire ACCA professionals.

4. Canada

While Canada has its own Chartered Professional Accountant (CPA) designation, ACCA members can pursue a Mutual Recognition Agreement (MRA) with CPA Canada to gain local accreditation.

5. Australia & New Zealand

ACCA is accepted in Australia and New Zealand, but additional assessments may be required to gain full recognition from CPA Australia or the Chartered Accountants Australia and New Zealand (CA ANZ) bodies.

6. Singapore & Malaysia

ACCA is widely accepted in Singapore and Malaysia, with many top companies, banks, and audit firms preferring ACCA professionals.

7. India

Although Chartered Accountancy (CA) by ICAI is the primary qualification in India, ACCA is gaining popularity, especially in MNCs and companies with international financial reporting requirements.

8. Pakistan & Bangladesh

ACCA is highly regarded in both Pakistan and Bangladesh, with strong demand in audit firms, banking, and financial institutions.

9. South Africa

ACCA is recognized in South Africa, and professionals can gain membership with SAICA (South African Institute of Chartered Accountants) through bridging programs.

10. Hong Kong & China

In Hong Kong, ACCA is highly accepted, and there is a pathway to obtain membership with the Hong Kong Institute of Certified Public Accountants (HKICPA). In mainland China, ACCA is recognized by international firms and companies operating under IFRS.

Work Opportunities for ACCA Professionals

With ACCA, professionals can pursue careers in various industries, including:

Public Accounting & Audit – Work at the Big Four (PwC, EY, Deloitte, KPMG) or local accounting firms.

Banking & Finance – Investment banking, financial planning, and risk management roles.

Corporate Finance & Management – CFO, Financial Controller, and Internal Auditor roles in multinational companies.

Government & Regulatory Bodies – Work in financial policy, tax advisory, and public sector accounting.

The ACCA qualification is globally recognized and provides excellent career opportunities in accounting, finance, and auditing across multiple countries. Whether you are looking to work in the UK, Canada, UAE, Singapore, or other major financial hubs, ACCA offers a pathway to international career success.

If you aspire to build a career that spans across borders, ACCA is the right choice for you!

[inkovsky]

The Hang Seng Index opened 227 points lower at 22,716 points and continued to fall, falling 508 points to 22,436 points. It fell 367 points or 1.6% for the day to 22,576 points; the Technology Index fell 172 points or 3.03% to 5,500 points. The main board traded HK$283.9 billion .

Although the market turnover continued to be brisk past days, there were signs of a slowdown in capital inflows, reflecting that investors' attitude towards entering the market has become more cautious. The Hong Kong stock market has retreated in the short term, with support at 22,000 points. It is expected to rise further after consolidation. If it breaks the resistance of 22,700 points, it may test the high of 23,241 points in October last year. Citigroup raised its year-end target for the Hang Seng Index to 24,500 points.

HSBC's performance last quarter exceeded expectations. Goldman Sachs maintained its "buy" rating on HSBC and raised its target price from HK$93 to HK$103.

European stock markets developed differently, with UK and German stocks closing down 0.57% and 0.53% respectively, while French stocks rose 0.15%.

The bleak performance outlook of Walmart, the largest retailer in the United States, has exacerbated market concerns about the US economy. U.S. stocks plummeted on Thursday. The Dow Jones Industrial Average opened 66 points lower and then widened its decline to as much as 677 points, hitting a low of 43,950 points. The S&P 500 fell 0.97% from its record high, and the Nasdaq, which is dominated by technology stocks, fell 1.3%.

At the close of U.S. stocks, the Dow Jones Industrial Average was still down 450 points, or 1.01%, to 44,176 points; the S&P 500 fell 26 points, or 0.43%, to 6,117 points; and the Nasdaq fell 93 points, or 0.47%, to 19,962 points.

One month after Trump took office as US President, the S&P 500 has risen about 4.5% this year as of Wednesday. Citigroup said Trump's policy proposals will bring short-term downside risks because investors have not yet incorporated policy interference into their assessment of fundamental factors; the bank's benchmark target for the end of this year is 6,500 points, which means there is still about 6% room for growth from Wednesday's close.

The U.S. dollar index fell as much as 0.77% to 106.34; the Japanese yen rose above 150 per dollar, hitting a new high this year, and once rose 1.38% to 149.39; the euro rose 0.79% to $1.0506. Bitcoin rose 2.6% to $98,784 and hit a low of $96,260 during the day.

[Below] A joint Egyptian and British archaeological team discovered the tomb of King Thutmose II in the Western Valley of the Theban necropolis. This is the first complete pharaoh's tomb to be discovered since the discovery of Tutankhamun's tomb in 1922.

[datahkg]

Data HK: Understanding the Role of Hong Kong's Data and Its Impact

Data HK: Understanding the Role of Hong Kong's Data and Its Impact

Hong Kong, a vibrant city known for its financial prowess, has also become a significant player in the world of data analytics and technology. The term "Data HK" can refer to various types of data originating from or related to Hong Kong. From statistical data used in government decision-making to the evolving role of data in the gambling and lottery sectors, Data HK plays a crucial role in many industries. This article will explore the significance of data in Hong Kong across different sectors, with a special focus on its role in lottery and gambling.

1. Government Data and Open Data Initiatives

In recent years, the Hong Kong government has made significant strides in promoting the use of data for transparency and better decision-making. Through initiatives like the "Open Data" portal, various government departments and public organizations make their data freely available to the public. This includes information on health, transportation, economic indicators, and more.

Open Data Portal: This portal offers a wide variety of datasets, including statistical data on population, employment, and more, aimed at fostering innovation and supporting businesses in making data-driven decisions.

Smart City Initiative: As part of Hong Kong's Smart City vision, the government is investing in data-driven projects to improve public services and enhance residents' quality of life. Technologies such as the Internet of Things (IoT), artificial intelligence (AI), and big data are expected to transform urban living and create opportunities for tech startups and entrepreneurs.

2. Hong Kong and the Gambling Industry: A Focus on Data in Lottery and Betting

One of the most recognized forms of data in Hong Kong is related to the gambling industry, especially in the context of lottery games like Mark Six. The Hong Kong Jockey Club (HKJC), which runs the Mark Six lottery, provides detailed statistical data about past draws, trends, and number frequencies to help players make informed decisions.

Mark Six Lottery Data

The Hong Kong Mark Six lottery is a popular gambling game in the city, where participants choose six numbers from a pool, and the results are drawn periodically. The HKJC provides extensive data about previous draws, helping gamblers analyze number patterns, frequency of certain numbers, and trends over time.

Past Draws and Trends: Detailed data about previous Mark Six draws can be analyzed by players who believe certain number combinations might appear more frequently. Such data includes information on hot and cold numbers, frequency charts, and historical patterns.

Winning Numbers and Statistical Analysis: Analysts and enthusiasts often use statistical tools to forecast potential winning combinations, though the lottery remains a game of chance. Many websites and apps provide users with downloadable datasets and predictions based on previous data.

Impact of Data in Gambling:

With the rise of online betting platforms, data plays an increasingly important role in the world of gambling. Operators now leverage sophisticated data analytics tools to track user behavior, detect fraud, optimize betting odds, and personalize gambling experiences.

For example:

Big Data Analytics: By analyzing large volumes of betting data, operators can tailor promotions, detect irregular betting patterns, and prevent problem gambling behaviors.

Customer Behavior Insights: Data from customer interactions helps companies optimize user experiences, from offering personalized bets to developing loyalty programs.

3. The Role of Data in Business and Financial Services

Hong Kong is a global financial hub, and data plays a crucial role in its business and financial services. Banks, investment firms, and financial institutions leverage data to make informed decisions about investments, risk assessments, and market trends.

Financial Data and Market Insights: Investors and analysts rely on vast amounts of financial data, including stock market prices, trading volumes, and company earnings reports. Hong Kong's stock exchange (HKEX) is a key provider of financial data.

Risk Management and Fraud Prevention: With the use of big data, banks and financial institutions in Hong Kong are better equipped to detect fraud, assess credit risk, and ensure regulatory compliance.

4. Data Privacy and Security in Hong Kong

As a financial hub, Hong Kong is also a focal point for concerns regarding data privacy and security. The government has taken steps to improve data protection through legislation such as the Personal Data (Privacy) Ordinance (PDPO), which regulates the collection and use of personal data. However, with increasing amounts of personal and financial data being collected, ensuring privacy and protecting data from cyber threats remains a critical issue.

Cybersecurity Challenges: The growth of online services, especially in financial sectors and gambling platforms, has heightened the need for strong cybersecurity measures.

Data Protection Laws: Hong Kong's Personal Data Privacy Ordinance (PDPO) provides legal protections for individuals' personal data and aims to ensure that businesses collecting personal information are held accountable for its security and use.

5. Data-Driven Innovation and Future Trends

Looking ahead, Hong Kong is expected to continue advancing its use of data in sectors like fintech, healthcare, education, and transportation. Some of the key trends shaping the future of data in Hong Kong include:

AI and Machine Learning: Data-driven innovations in AI and machine learning are set to revolutionize industries like finance, healthcare, and transportation. AI algorithms can process massive datasets to provide predictive analytics and improve decision-making.

Blockchain Technology: Blockchain has the potential to further secure data transactions in various industries, particularly in finance, by providing transparent and immutable records.

Smart City Technologies: Hong Kong is working towards becoming a smart city, where data collected from various sensors, devices, and systems will be analyzed to enhance urban planning, resource management, and public services.

Conclusion

Data HK represents a broad range of data-related activities and industries in Hong Kong. From government open data initiatives to its crucial role in the financial and gambling sectors, data is transforming the city's economy and society. As the city continues to invest in technology and data-driven solutions, the potential for innovation and growth is immense, making it an exciting time to watch the development of data in Hong Kong.

[aitoolswhitehattoolbox]

Assessment Analyst - Program Management

Role Assessment Analyst – Program Management Location Hong Kong Who are LRQA? LRQA stands for dedication to clients, market firsts, and deep expertise in risk management. We’ve grown to become a leading global assurance provider, … Apply Now

[8manage]

Hong Kong Biotech Companies: R&D Challenges and Innovative Solutions

In recent years, the development of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) has unlocked immense opportunities for Hong Kongs biotechnology and healthcare industries. With over 250 biotech-related companies based in Hong Kong, the landscape encompasses pharmaceuticals, traditional Chinese medicine, medical devices, and diagnostic technologies. However, the unique nature of the biotech industry presents significant challenges in research and development (R&D) management. This article delves into the primary challenges Hong Kong biotech companies face and outlines innovative solutions to overcome these hurdles.

Key challenges in biotech R&D management

1. Long R&D cycles and high costs

Developing biotech products, especially pharmaceuticals, involves extensive experiments, clinical trials, and regulatory reviews. R&D timelines often span several years to over a decade, requiring substantial financial investments. For startups and small to medium-sized enterprises (SMEs), limited resources exacerbate this challenge. Furthermore, the prolonged development cycle increases the risk of products losing market competitiveness due to technological advancements or shifting industry trends.

2. Complex regulatory compliance and approvals

The biotech and healthcare industries are subject to stringent international and local regulations. Hong Kong companies must navigate frameworks such as the Hong Kong Pharmacy and Poisons Ordinance, US FDA approvals, and EU CE certification. These regulatory processes are time-intensive, resource-demanding, and require meticulous documentation. Failure to comply or delays in approvals can lead to significant project setbacks.

3. Talent shortage in biotech R&D

The biotechnology industry demands highly skilled professionals, particularly in cutting-edge fields like gene editing, AI-assisted diagnosis, and biopharmaceuticals. Hong Kong faces a significant talent gap due to: ● Limited local talent supply with interdisciplinary and international expertise. ● Global competition for top-tier professionals, who often favor mature markets like North America and Europe.

4. Limited funding sources

While Hong Kong boasts a mature financial ecosystem, biotech R&D requires sustained financial support. Many companies struggle to secure funding, particularly in early-stage development, where risks are high. Even with IPOs or venture financing, cash flow gaps can hinder project progress.

5. Technology commercialization and market integration

Converting R&D breakthroughs into market-ready products remains a persistent challenge. Key issues include: ● Limited expertise in technology transfer and commercialization strategies. ● Insufficient market acceptance for new drugs or medical devices. ● Challenges in establishing effective promotion channels and sales networks.

Innovative solutions: leveraging project management software

For Hong Kongs biotech companies, adopting professional project management software can address these challenges by optimizing workflows, enhancing resource allocation, and reducing risks. Below, we outline tailored solutions for each major R&D hurdle.

1. Addressing long R&D cycles and high costs

Solution: Optimize R&D processes and improve efficiency ● Project planning and progress tracking: project management software enables companies to create detailed project plans with features such as critical path analysis, milestone setting, and task prioritization. This streamlines workflows and shortens development timelines. ● Resource management and cost control: by tracking manpower, equipment, and expenditures in real time, companies can minimize resource wastage and prevent budget overruns. ● Data-driven decision-making: software equipped with advanced analytics helps companies assess project risks, optimize resource allocation, and forecast timelines, reducing delays caused by inefficient planning. Example: Companies using project management tools have reported 20-30% reductions in R&D cycle times due to improved planning and efficiency.

2. Navigating regulatory compliance and complex approvals

Solution: Streamline compliance processes and document management ● Integrated compliance management: project management software incorporates regulatory requirements, allowing for automated compliance checkpoints, document workflows, and approval timelines to meet global standards. ● Centralized document management: features like version control, secure sharing, and audit trails ensure seamless collaboration between R&D teams and regulatory bodies, minimizing errors. ● Audit-ready tracking: the software automatically logs project decisions and actions, simplifying the submission of compliance reports to regulatory authorities. Impact: Companies can reduce approval delays by up to 15-20% by improving document accuracy and regulatory adherence.

3. Bridging the talent gap with efficient collaboration

Solution: Enhance team collaboration and knowledge sharing ● Cross-team collaboration: project management software supports multi-team and cross-regional collaboration with tools like task assignments, real-time chat, and video conferencing. ● Knowledge base management: built-in knowledge repositories allow teams to access project data, technical documents, and solutions on demand, enhancing productivity. ● Smart task allocation: intelligent software algorithms assign tasks based on team members skills, ensuring efficient use of limited talent resources. Example: Remote collaboration tools have enabled biotech companies to access global talent pools, mitigating local shortages and improving team productivity by 25%.

4. Overcoming funding challenges

Solution: Optimize resource allocation and financial transparency ● Priority-based resource allocation: software helps companies focus on projects with high market potential, preventing resource dilution across multiple initiatives. ● Financial analysis and reporting: real-time cost tracking and investment return analysis enable companies to plan budgets more effectively and attract investors with transparent financial data. ● Progress visualization: clear dashboards displaying project milestones and funding usage foster confidence among internal stakeholders and external financiers. Benefit: Biotech firms using project management software report a 30% improvement in funding acquisition due to enhanced transparency and investor trust.

5. Enhancing technology commercialization and market integration

Solution: Manage the full lifecycle from R&D to commercialization ● Align R&D goals with market demand: demand management features help align research projects with current market needs, increasing commercialization success rates. ● End-to-end lifecycle management: track the journey from research to product launch, including trial production, promotion planning, and feedback integration. ● Risk management tools: identify and mitigate risks such as supply chain disruptions, competition, and market acceptance challenges through predictive analysis. Outcome: Companies adopting lifecycle management tools have achieved 40% faster time-to-market and higher success rates for product launches

Why Hong Kong biotech companies need digital project management tools

The biotechnology industry is one of the most competitive and rapidly evolving sectors globally. For Hong Kong-based biotech companies, leveraging digital project management tools can provide a strategic advantage by:

● Reducing R&D timelines through better planning and resource management. ● Ensuring regulatory compliance with automated workflows. ● Maximizing talent efficiency through collaboration and knowledge sharing. ● Securing funding with transparent financial data and progress reporting. ● Accelerating commercialization by aligning R&D with market demands.

By embracing digital transformation, biotech companies can improve efficiency, reduce risks, and enhance market competitiveness.

Conclusion

Hong Kongs biotech industry holds immense potential, but challenges like long R&D cycles, complex regulations, talent shortages, and funding limitations persist. To address these issues, professional project management software offers tailored solutions to streamline processes, enhance resource allocation, and drive successful commercialization.

For biotech companies aiming to thrive in the competitive Greater Bay Area and global markets, adopting digital project management tools is no longer optional—it is a necessity. By leveraging these tools, companies can overcome operational hurdles, accelerate innovation, and achieve sustainable growth in the dynamic biotech landscape.

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[cryptogirl2024]

ZA Bank and HashKey Exchange Partner to Launch Retail Crypto Services

Hong Kong’s largest virtual bank, ZA Bank, has teamed up with HashKey Exchange to introduce retail crypto trading services. The partnership enables ZA Bank clients to trade Bitcoin and Ethereum directly using fiat currencies like HKD and USD, all within the bank’s app. Users must hold a ZA Bank account and complete a risk assessment to access the service.

Calvin Ng, ZA Bank’s alternate chief executive, emphasized the collaboration’s goal of merging traditional finance with crypto under strict regulatory compliance. This move makes ZA Bank the first in Asia to provide retail crypto trading, responding to growing interest as global crypto users hit 560 million in 2024, a 30% year-on-year rise.

HashKey Exchange CEO Livio Weng noted the partnership’s potential to bolster Web3 development while adhering to high regulatory standards. The initiative aligns with Hong Kong’s ambition to solidify its position as a global crypto hub despite mainland China’s restrictions.

[nursingwriter]

¶ … Health Care Environment that Impacts the Nursing Profession Natural Disasters The objective of this work in writing is to examine the issue of natural environment in terms of impacts on the nursing profession in the health care environment. Questions answered in this study include the question of what steps should the nursing profession take to prepare the profession for provision of health care during natural disasters. It is the opinion of the writer of this work that special preparations should be undertaken by those in the nursing profession to prepare them to properly assist those in the health care environment seeking treatment during such as natural disasters. Brief Outline Following this section in this study will be a brief introduction followed by a literature review in this area of study and next following will be an analysis of the information reviewed and then stated will be a conclusion to the study. Introduction Nurses are often reported to play the role of first responder when disaster occurs. However, lack in the areas of competencies combined with gaps in education result in difficulty in recruiting nurses who are prepared to respond to a disaster and provide assistance effectively. A training course is reported which is based on the International Council of Nurses (ICN) Framework of Disaster Nursing Competencies and Global Standards for the Initial Education of Professional Nurses and Midwives. It is reported that all of the participants in the study passed the "assessments and examinations with an average score of 70%." (Sunshine, 2010) The ICN Framework of Disaster Nursing Competencies was reported as instrumental in guiding curriculum development for training. The training program is such that can be utilized in preparing "generalist nurses of their nursing competencies in disaster preparedness, response and post-disaster recovery and rehabilitation." (Sunshine, 2010, p.1) The work of Fung, et al. (2009) reports a study that focused on identification of perception of disaster among nurses. The study reports that 123 of 164 respondents or 75% reported a description of disaster in the open-ended question. 61%$ of participations are reported to have "described unfortunate events with large numbers of victims as disasters." (Fung, et al., 2009) The study states conclusions that Understanding how disaster is perceived by nurses and the "likelihood of disastrous events is the initial step for disaster planning and the development of a disaster nursing curriculum in Hong Kong." (Fung, et al., 2009) The study concludes all nurses worldwide should be "equipped with knowledge and skills for disaster care." (Fung, et al., 2009) Reported in the work entitled "The Importance of End-of-Life Care in Nursing Home Settings is Not Diminished by a Dias aster" states that disaster situation emphasis "is on preserving life, and this goal is both appropriate and laudable." (Omega: Journal of Death & Dying, 2009) It is reported that nursing home residents specifically are at "heightened risk for experiencing negative disaster related outcomes due to comprised physical or mental health that requires skilled nursing care. Education and training in end-of-life services for nursing home staff, disaster emergency responders, and other lay people is vital to build capacity for adapting the delivery of these services in disaster situations in the interest of equity and human rights." (Omega: Journal of Death & Dying, 2009) The work of Sebastian, et al. (2003) reports the phases of emergency management utilized by St. Luke's emergency management plan which includes the phases as follows: (1) Mitigation -- activities to eliminate or reduce the probability of a disaster occurring; (2) Preparedness -- activities developing the capabilities of response needed in an emergency; (3) Response -- the provision of emergency services during a crisis; and (4) Recovery -- short- and long-term processes. Short-term includes restoration of vital services to the hospital and patient basic needs provision. Long-term focuses on restoration of the hospital to its normal state of operation. (Sebastian, et al., 2009) The document entitled "Public Health -- Community Health Nursing Practice in Canada: Roles and Activities" reports the role of the public health nurse to be inclusive of planning for, participating in and evaluating the response "…to both natural disasters (such as floods, earthquakes, fires, or infectious diseases including those that involve explosives, chemicals, radioactive substances, or biological threats for the purpose of minimizing serious illness, death and social disruption." (Canadian Public Health Association, 2010, p.18) The Canadian Nursing Student's Associaton highlights the role of the Canadian nurse in Global relief efforts in times of natural disaster events and states that the CNSA endorses and supports as well as becoming actively involved in relief efforts on a global basis and acknowledges the impacts represented by such as natural disaster. This is both national and international in scope. (CNSA, 2010, p.1) Analysis and Conclusion The literature reviewed in this study has informed the study that disaster planning on the part of nurses is a critical aspect of medical facility response during a time of crisis such as a natural disaster. There are specific phases of emergency response that ensure that the needs of patients and the hospital are met during the time of crisis. Education and training are critical components of any emergency response management plan and as such should be at focus by the hospital or other health care institution when formulating emergency response plans for use in the event of a crisis or natural disaster event. Bibliography Global Relief Efforts in Natural Disasters (2010) Canadian Nursing Student's Association. Jan 2010. Retrieved from: http://www.cnsa.ca/english/publications/policies-and-position-statements/resolutions/global-relief-efforts-in-natural-disasters Olivia, F. et al. (2009) Nurses' Perception of Disaster: Implications for Disaster Nursing Curriculum. Nurse Education. Journal of Clinical Nursing 15, Nov. 2009. Retrieved from: http://web.ebscohost.com.rap.ocls.ca/ehost/pdfviewer/pdfviewer?sid=185f38dc-6533-42c0-ac0b-1664fc9ec5d8sessionmgr112&vid=1&hid=123 Public Health -- Community Health Nursing Practice in Canada: Roles and Activities (2010) Canadian Public Health Association. 2010. Retrieved from: http://www.cpha.ca/uploads/pubs/3-1bk04214.pdf Sebastian, SV (2003) Resiliency of Accomplished Critical Care Nurses in a Natural Disaster. Clinical Article. 1 Oct 2003. Vo. 23, No. 5. Critical Care Nurse. Retrieved from: http://web.ebscohost.com.rap.ocls.ca/ehost/pdfviewer/pdfviewer?sid=3d313e8a-ed28-4e35-ac92-08c52b4b0475sessionmgr104&vid=1&hid=123 Sunshine, SS, et al. (2010) Development and Evaluation of an Undergraduate Training Course for Developing International Council of Nurses Disaster Nursing Competencies in China. World Health. The Nursing Scholarship Journal. 1 Dec. 2010. Retrieved http://web.ebscohost.com.rap.ocls.ca/ehost/pdfviewer/pdfviewer?sid=8e5a10b4-219a-4012-a1e6-d993ea72cc85sessionmgr111&vid=1&hid=123from: The Importance of End-of-Life Care in Nursing Home Settings is Not Diminished by a Disaster. Omega: Journal of Death & Dying; 2011, Vol. 64 Issue 2, p143-155. Retrieved from: http://web.ebscohost.com.rap.ocls.ca/ehost/detail?sid=8e9f110b-7553-48e0-8ea0-a8833f7813f7sessionmgr111&vid=1&hid=123&bdata=JnNpdGU9ZWhvc3QtbGl2ZSZzY29wZT1zaXRl#db=hch&AN=67651759 Read the full article

[i-might-haveapolitic]

In case you're not subscribed to The Telegraph, the article is below the cut:

How innovative Hong Kong protesters are using lasers, traffic cones and parkour in battle with police

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Sophia Yan

Hong Kong

02 August 2019 9:01pm BST

In her pink top and billowy skirt there is little outward sign that Diana, 24, spends her weekends executing inventive, eye-catching protest tactics on the frontlines of Hong Kong’s pro-democracy movement.

Millions of young people have taken to the streets all summer to fight for the city’s freedoms in the face of growing repression from China.

In increasingly chaotic clashes, the protesters at the frontline bring with them a variety of homespun tools to confound highly-trained riot police backed by extensive surveillance capabilities.

During the week Diana - not her real name - taps furiously on her phone chatting with fellow frontline activists about new ways to stay one step ahead of the authorities.

Green laser-pointers are a must-have, shone at police cameras to prevent protesters’ faces from being captured - any who are identified risk a 10-year prison sentence for rioting - or target officers’ eyes.

Last weekend, as clashes between protesters and police descended into pandaemonium, Diana swung the beam to-and-fro to direct the pace of charges and retreats.

“I don’t know why, I just had the idea,” she said.

Effective protesting is all about “having a team of people,” said Brian, 20, who also declined to give his real name for fear of arrest.

Protesters drag cones to block traffic on a busy road in the centre of the city

Protesters drag cones to block traffic on a busy road in the centre of the city

One group, protesters explained, distracts police with the lasers or other bright lights so a second team can counter-attack. A third group leads changes to the formation and a fourth at the rear keeps spirits high by drumming and shouting slogans, while scouts and runners pass supplies and news between different frontlines.

Some protesters trained in parkour scale overpasses to assess the situation on the ground or drop objects to deter police.

Others work together to snuff out tear-gas, swiftly dropping traffic cones over the smoking canisters then pouring water into them through the nozzle.

This is a dangerous business, drawing giant blisters on protesters' arms and gasps on widely-shared social media clips.

To stymie facial recognition, demonstrators also spray paint surveillance cameras or unfurl umbrellas around groups in action – for instance, when they are removing metal street gates or bus stop sign poles to erect barriers to block police and indicate safe zones for protesters.

When they head home, protesters leave behind cash at subway stations to avoid being tracked through their public transport cards.

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“We’re just private citizens – our abilities are not better than the police,” said Brian, one of the protesters who stormed the legislative building in early July. “They have full professional gear that is many times better than ours…so we can only find other methods, like using the lasers or strong lights, to make it harder for them to target us.”

As the movement continues with more rallies planned this weekend, many demonstrators have also upgraded their makeshift gear – gone are thin face masks and surfboards that were “useless” against police batons and giant riot shields, said Diana.

Now demonstrators pull up metal street signs to use as shields, don arm and leg guards, procure iron rods, and bring everything from bricks to eggs to throw.

Communication is carefully restricted, too.

Frontline defenders never store each other’s contact information and limit tactical chats to small numbers while designated messengers pass information between the groups.

The laser beams can disorient police and block facial recognition technology

The laser beams can disorient police and block facial recognition technology Credit: SIPA USA

The idea is to prevent police from tracking down too many people in case one person is arrested or devices are confiscated.

Across the city, activists target visitors from mainland China - where news of the protests are restricted to government propaganda - by using Airdrop to send information on why there are protests, the real story behind Tiananmen Square and emphasise that foreign forces do not control the movement.

Many protesters also keep their frontline participation from family, friends, and colleagues, so as to keep them from worrying and preserve relationships over differing political opinions.

“Every weekend, I feel so angry, passionate, desperate,” said Diana. “But on weekdays, you have to pretend to be a normal person and go to work.

A protester uses a traffic cone to cover a tear gas canister

A protester uses a traffic cone to cover a tear gas canister Credit: AP

The double life can be hard to balance – she recently got home at 2 am after choking on streams of tear gas before heading to the office by 7 am. Seconds before a standoff exploded, one frontliner was overheard asking his mother not to ring again, saying his movie was not over yet.

The frontliners draw parallels and inspiration for their own fight from the 2014 Ukrainian Revolution, though many worry that police or protester deaths are on the horizon – a development that could finally begin to splinter public opinion, which has largely been in support of the movement.

Protesters, however, say the Hong Kong government already has blood on its hands, given a series of protest-related suicides in recent weeks.

To them, success is the only option after being thwarted in the 2014 pro-democracy protests dubbed the Umbrella Revolution.

“Every time I stand out, I walk and fight for those who committed suicide and those who have been arrested,” said Diana.

“They were sacrificed; we can’t go back and say we forgive the government.”

Nice article about Hong Kong street tactics.

Cw: police violence, injuries, state surveillance