Hong Kong convicts Jimmy Lai
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Arm China is among the fifth batch of companies brought to Hong Kong by OASES, which has so far drawn more than 102 firms.
Senior party members previously alleged they had been told to disband or face severe consequences, including possible arrest.
These problems first took root as China prepared to assume control of Hong Kong from Britain, in 1997. Concerned that the transition would scare off foreign investors, Chinese leaders tried to woo real-estate tycoons and other business elites by giving them key roles overseeing the city’s future governance.