News Snapshot:
Use of security law’s powers for the first time to target a listed company could have repercussions for investor sentiment in the city. Hong Kong authorities have frozen assets belonging to jailed media tycoon Jimmy Lai, including all shares in his company, Next Digital – the first time a listed firm has been targeted by national security laws in the financial hub. Also among assets targeted were the local bank accounts of three companies owned by Lai, Hong Kong’s Secretary for Security John Lee said in a government statement. The statement, issued after the market close on Friday, said Lee...
