AI Bloodbath Coming on June 1st?

If you're invested in AI stocks, you need to see Elon Musk's new invention. A $2.2 trillion shakeup could hit as soon as June 1--crashing giants like Nvidia. Former hedge fund manager Enrique Abeyta reveals how to prepare.

Hong Kong's security net extends beyond arrests as small businesses pressured

KANIS LEUNG
June 30, 2025

HONG KONG (AP) -- It's been years since mass arrests all but silenced pro-democracy activism in Hong Kong. But a crackdown on dissent in the semiautonomous Chinese city is still expanding, hitting restaurants, bookstores and other small businesses.

Shops and eateries owned by people once associated with the largely subdued pro-democracy movement are feeling a tightening grip through increased official inspections, anonymous complaint letters and other regulatory checks.

Those critical of the city's political changes say it's a less visible side of a push to silence dissent that began five years ago when Beijing imposed a national security law to crush challenges to its rule, under which opposition politicians were jailed and pro-democracy newspaper Apple Daily was shuttered.

China said the law was necessary for the city's stability following anti-government protests in 2019.

In 2024, the city passed its own national security law, which has been used to jail people for actions like writing pro-independence messages on the back of bus seats and wearing a T-shirt carrying a protest slogan that authorities deemed could imply the separation of Hong Kong from China, a red line for Beijing.

In recent weeks, food authorities sent letters to restaurants warning that their business licenses could be revoked if the government deems them to be endangering national security or public interest.

Frequent inspections

Leticia Wong, a former pro-democracy district councilor who now runs a bookstore, says her shop is frequently visited by food and hygiene inspectors, the fire department or other authorities over complaints about issues like hosting events without a license. It happens most often around June 4, the anniversary of the 1989 Tiananmen Square massacre.

Her records show government authorities took measures against her shop some 92 times between July 2022 and June 2025, including inspecting her shop, conspicuously patrolling outside, or sending letters warning her of violations. She has been studying regulations to protect herself from accidentally breaking them.

"Some areas look trivial -- and they really are -- but they still have the power to make you face consequences," she said.

In an emailed reply to The Associated Press, the fire department said it conducted checks at Wong's business following multiple complaints this year. Wong's bookstore passed most of them but still faces enforcement action for failing to provide valid certificates for two fire extinguishers and its emergency lighting system, it said.

Other small business owners described similar experiences.

A bakery that put up pro-democracy decorations during the 2019 protests saw food authorities' inspections jump from quarterly to monthly over the past one to two years, mostly over labeling complaints. Its owner, who asked to remain anonymous fearing government retribution, said the frequent inspections made running the business a struggle.

A restaurant owner who received the notice of the newly added terms on possible license revocation over national security violations said he doesn't know what could be considered a violation and fears one wrong move could cost his staff their jobs. He spoke on the condition of anonymity, fearing potential impact on his business partners and employees.

Food authorities said inspections follow the law, information and public complaints. They maintained that the new national security conditions for food business licenses were clearly defined and would not affect law-abiding operators.

The Hong Kong Chief Executive's office has not immediately commented.

Anonymous denunciations

Others say they have lost opportunities after anonymous letters were sent to employers or business partners.

Wong said an anonymous letter sent to an organization that had planned an event at her shop prompted them to cancel the booking. Separately, she lost a freelance job after a funder demanded that a social enterprise not hire her without a specific reason.

Her landlord also received an anonymous letter warning them not to rent the space to her.

"I feel that this society is working very hard -- that is, within the system, under the official system, working very hard to reject me, or to make my life difficult," Wong said.

Chan Kim-kam, another former district councilor, says she lost both a part-time job and a role in a play after the people she worked for were pressured. A school where she taught sociology part-time asked her to leave after it received a letter claiming that she made a student uncomfortable.

The letter, which was written in the simplified Chinese characters used in mainland China but less prominently in Hong Kong, included links to news reports about her arrest under the homegrown national security law last year, though she was never charged.

Meanwhile, the city's Leisure and Cultural Services Department told her drama group to replace her or lose their venue, she said.

"I think it's really such a pity. When the culture of reporting people has become so intense, it destroys the trust between people," she said.

Cultural authorities, declining to discuss specific bookings, said all their venue bookings were managed under established procedures.

Rule of law in question

Hong Kong leader John Lee has said the security law upholds the rule of law principle and only an extremely small portion of people were targeted. He noted 332 people have been arrested for offenses related to national security, about 66 each year on average, or 0.2% of the police's annual arrest figures. Still, he warned of persisting soft resistance, saying "the streets are full of petty people."

Local broadcaster i-Cable News said national security guidelines would be issued to government workers. Secretary for Security Chris Tang told the broadcaster that even a cleaner should report words endangering national security, if any are found during their job.

But Eric Lai, a research fellow at Georgetown Center for Asian Law, said Hong Kong is using regulatory powers to monitor and regulate dissent without checks and balances. Local courts were unable to check the powers granted to the government under the security laws, he said.

It fits a common pattern among undemocratic governments like mainland China, he said. In many cases across the border, law enforcement officers frequently harass and surveil dissenters without formal charges.

"It tells the world that the so-called rule of law in Hong Kong is only a facade of rule by men," he said.

Outside a court on Jun. 12, members of the pro-democracy party League of Social Democrats protested against their convictions over street booth activities with a banner that says "rule of law in name, silencing voices in reality."

They were fined for collecting money without a permit and displaying posters without approval. The judge said freedom of expression was not absolute and restrictions could be imposed to maintain public order.

On Sunday, the party announced it had dissolved, citing immense political pressure and consideration of consequences for its members, months after the city's biggest pro-democracy party announced to move toward disbandment. Its chairperson Chan Po-ying wiped away tears at the news conference.

"In the past, the government said it focused on a small portion of people. Now, it includes various kinds of people in Hong Kong, ordinary residents," she said.

Continue Reading...

Popular

Big Banks Pass Fed's 2025 Stress Test With Ease—But Some Say It Was Too Easy

All major U.S. banks passed the Fed's 2025 stress test, but critics say easier assumptions may have padded the results.

Lockheed Martin, RTX, General Dynamics And Other Defense Stocks Rise In Friday Pre-Market: What's Going On?

Shares of defense stocks Rtx Corp (NYSE: RTX), Lockheed Martin Corp (NYSE: LMT) and General Dynamics Corp (NYSE: GD) climbed 4.6%, 4.2% and 1.2%, respectively during Friday pre-market trading session amid Israel's intensifying military operations in Lebanon and Iran.

This Is the Biggest Economic Story Nobody's Talking About (Yet) - Ad

One expert investor has recently visited Beijing, Singapore, and Hong Kong looking for the next big tech breakthrough. But it was a two-minute encounter at San Francisco's airport that stopped him dead in his tracks. It's part of a larger trend that PwC says could be worth $16 trillion and Goldman Sachs says could cost 300 million people their jobs globally.

Trump's Crypto Ventures, Draper And Cathie Wood's Bitcoin Predictions, MSTR Estimates, And More: This Week In Crypto

The past week in the world of cryptocurrency was nothing short of eventful. From legislative moves aimed at curbing alleged corruption in cryptocurrency ventures to bold predictions about Bitcoin’s dominance, the week was filled with intriguing developments. Here’s a quick recap of the top stories that made headlines.

Must-See: Elon's New "Space" Device - Ad

Tech legend Jeff Brown predicts this "space technology" will be Elon Musk's next trillion-dollar business, and it will make a lot of people rich. This could be the biggest internet innovation since the first web browser Netscape kicked off the internet boom in the late 1990s.

Trump Brokers Peace Deal Between DR Congo And Rwanda — Now Eyes Billions In US Investment

Trump brokers a peace deal between DR Congo and Rwanda, aiming to end conflict and unlock U.S. investment in critical African minerals.

Iran's Top Diplomat To UN Says Uranium Enrichment To Continue: An 'Inalienable Right'

Iran reaffirms commitment to nuclear program despite US strikes. Ambassador cites Non-Proliferation Treaty as justification. Impact remains debated.

The Missing Ingredient for Big Tech's $3T Recipe? - Ad

Big Tech doesn't build everything; they buy what's next. And only Emteq's tech offers real behavior insights for smart glasses, key to unlocking the $3T XR market. Their patented sensors track live facial muscle movements. With health-focused smart glasses in demand, only Emteq has this tech.

Bernie Sanders Shares First Thing He Would Do As President — And It Could Be A Jab At Elon Musk

Bernie Sanders lost the 2016 and 2020 presidential races. In a recent interview, Sanders shared what he would do first if he were president.

If You Missed Bitcoin, Nvidia, and Tesla... - Ad

Missed Bitcoin, Nvidia, or Tesla? Jeff Brown - the tech insider who called them early - says your second chance is here. On July 23rd, a new AI breakthrough could launch a market 14X bigger than the ChatGPT boom. And you can get in for as little as $50.

US-Iran Nuclear Deal In 2025? Crypto Bettors On Polymarket See Strong Chance After Trump's Ceasefire Announcement

Cryptocurrency bettors sharply raised their odds on Monday that the United States and Iran would strike a nuclear deal in 2025 after President Donald Trump confirmed a ceasefire in the ongoing Middle East conflict.

How to manage ADHD at work and turn it into a strength

NEW YORK (AP) — Jeremy Didier had taken her son to a psychologist for a when she spotted an article about women with the condition. As she read it in the waiting room, she thought to herself: They're describing me.

Trump Is Fast-Tracking These Three Companies - Ad

The Trump administration is planning to invest DIRECTLY in a small sector of the stock market... And they just revealed the names of three potential targets.

Oil rises and US stock futures slide as markets react to US strike on Iran nuclear sites

NEW YORK (AP) — The price of oil rose and U.S. stock futures fell as global markets react to the U.S. strike against nuclear targets in Iran.

Crypto Genius: These 5 Altcoins Could Crush Bitcoin in 2025 - Ad

On June 30th, two powerful "Wealth Drivers" ignite what could be a 2025 super bull run-backed by Trump. One investmentThe altcoin market as a whole has already soared 132,721% over the past ten years and could surge again. A $900 stake could turn into $108K over 12 months. This is The Great Gain of 2025.

Russian Spy Chief And CIA Director Ratcliffe Agree To 'Call Any Time' Amid Tensions: Report

Russian spy chief Sergei Naryshkin and the Director of the Central Intelligence Agency (CIA), John Ratcliffe, have reportedly agreed to have direct communication at any time.

Senate Republicans move to slash CFPB funding by half, risking hundreds of job cuts

NEW YORK (AP) — Senate Republicans have moved to cut the funding of the Consumer Financial Protection Bureau by roughly half, as part of President Trump’s “Big Beautiful Bill,” which is likely to lead to hundreds of job cuts at the nation’s financial watchdog agency.

A 64% Dividend From Gold? - Ad

Gold is soaring. But here's what no one's talking about: a way to earn a 64% dividend-paid in real cash every 30 days. No trading. No risky mining stocks. Just one simple move in your brokerage account... and you could start collecting monthly income almost instantly.

Occidental Petroleum, Exxon Mobil, Chevron Surge In Monday Pre-Market: What's Going On?

Occidental Petroleum Corp (NYSE: OXY), Exxon Mobil Corp (NYSE: XOM) and Chevron Corp (NYSE: CVX) climbed 1.95%, 1.53% and 1.31% during Monday pre-market trading session after oil prices have skyrocketed to their highest point since January, sparking concerns about potential supply disruptions.

Public Company Bitcoin Holdings Are A 'Megatrend' Just Getting Started, Says Bitwise's Matt Hougan

Matt Hougan, Chief Investment Officer at Bitwise Asset Management on Monday described the surge in public companies holding Bitcoin (CRYPTO: BTC) as a “megatrend” that is set to accelerate, driven by concerns over dollar devaluation and

If You Missed Tesla, Here's Your "Second Chance"... - Ad

If you missed your shot at turning $1,000 into more than $18,000 when I recommended Tesla, you'll want to pay close attention. I'm 100% convinced Elon's "Agenda X" could make early investors rich. But you need to hurry, because Elon and Visa are moments away from launching.

Cramer Praises Monster Beverage As 'Smoking Hot,' Warns Investors About This AI Stock

Cramer recommends buying Okta (OKTA) as it reported strong earnings, but not to trust Nebius Group (NBIS), while Sweetgreen (SG) and Monster Beverage (MNST) have mixed views. He also suggests buying McDonald's (MCD) while their partnership with Krispy Kreme (DNUT) will end in 2025.

How to Hack a $1.3T Market - Ad

Forget concrete. The new foundation for real estate success is digital, and Pacaso leads the way. Their tech unlocks a $1.3T real estate market. They've already earned $110M+ in gross profits in their operating history and reserved the Nasdaq ticker PCSO.

Trump Extends 50% Steel Tariffs To Home Appliances Like Fridges, Dishwashers Starting June 23

President Trump's administration will extend existing 50% steel tariffs to imported home appliances including refrigerators, dishwashers.

Netflix's Squid Game Finale Takes Over Seoul With Massive Parade, Star-Studded Fan Event

Netflix celebrated the finale of Squid Game with a parade and fan event in Seoul, featuring characters and emotional reflections from cast.

AI Bloodbath Coming on June 1st? - Ad

If you're invested in AI stocks, you need to see Elon Musk's new invention. A $2.2 trillion shakeup could hit as soon as June 1--crashing giants like Nvidia. Former hedge fund manager Enrique Abeyta reveals how to prepare.

Senate Republicans are in a sprint on Trump's big bill after a weekend of setbacks

WASHINGTON (AP) — After a weekend of setbacks, the Senate will try to sprint ahead Monday on big bill of despite a series of challenges, including the sudden announcement from that he won't run for reelection after opposing the package over its Medicaid health care cuts.

What to Stream: Ryan Coogler’s 'Sinners,' a Kesha album, 'SharkFest' and John Cena with Idris Elba

Kesha enjoying her freedom on her first new album since she left her old label and Ryan Coogler’s guts-spilling vampire film “Sinners,” are some of the new television, films, music and games near you.

This Is the Biggest Economic Story Nobody's Talking About (Yet) - Ad

One expert investor has recently visited Beijing, Singapore, and Hong Kong looking for the next big tech breakthrough. But it was a two-minute encounter at San Francisco's airport that stopped him dead in his tracks. It's part of a larger trend that PwC says could be worth $16 trillion and Goldman Sachs says could cost 300 million people their jobs globally.

Boeing Rises 2.8% After Key Trading Signal

A significant trading signal occurred for Boeing stock, as it demonstrated a power inflow at $209.02, after which BA rose up to 2.8%.

Pete Hegseth attacks old Fox News colleague's reporting on Iran strikes intelligence evaluation

Defense Secretary Pete Hegseth criticized his former Fox News colleague Jennifer Griffin as “about the worst, the one who misrepresents the most intentionally what the president says” in a Pentagon news conference Thursday.

Must-See: Elon's New "Space" Device - Ad

Tech legend Jeff Brown predicts this "space technology" will be Elon Musk's next trillion-dollar business, and it will make a lot of people rich. This could be the biggest internet innovation since the first web browser Netscape kicked off the internet boom in the late 1990s.

ICE arrests 84 people at Louisiana racetrack

NEW ORLEANS (AP) — The U.S. Immigration and Customs Enforcement arrested 84 people unlawfully in the country during a raid at a southwest Louisiana racetrack, the agency announced Tuesday.

Steve Jobs Took Secrecy To Fight Club Levels For This Critical Mission At Apple — 'People Thought They Knew…But Nobody Knew'

Apple's original iPhone team, under Steve Jobs, operated with intense secrecy, likening their work to "Fight Club," with no one outside the core group knowing the device's design until its 2007 debut.

The Missing Ingredient for Big Tech's $3T Recipe? - Ad

Big Tech doesn't build everything; they buy what's next. And only Emteq's tech offers real behavior insights for smart glasses, key to unlocking the $3T XR market. Their patented sensors track live facial muscle movements. With health-focused smart glasses in demand, only Emteq has this tech.

Senate Defends Trump's War Powers, Rejects Push For Congressional Approval For Further Action Against Iran

Senate rejects proposal to limit Trump's military powers against Iran. Vote largely split along party lines with only one Dem voting against.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright finstrategist.com
Privacy Policy | Terms of Service