China's e-commerce giant starts stock offering in Hong Kong

China's e-commerce giant starts stock offering in Hong Kong

China's e-commerce giant starts stock offering in Hong Kong's Hong Kong IPO follows rival Alibaba Group Holding listing closer to its home market amid tensions between the US and China.

The proposed joint statement would express concern worry and concern toward the legislation and urge Beijing to maintain the "one country, two systems" framework that guarantees Hong Kong a high degree of autonomy.

He also issued a veiled warning to Tokyo to distance itself from the United States and European countries in dealing with sensitive issues, saying Beijing hopes "the Japanese side will create sound conditions and atmosphere" to realize Xi's visit to Japan.

That visit was postponed due to the coronavirus, and in the ensuing weeks, U.S.

Japan opted not to join a statement condemning Beijing issued by the U.S., the U.K., Australia and Canada on May 28, the day that China passed the legislation, reportedly disappointing the signatories.

Japan had expressed concern about Beijing's move in a statement on May 28, the day China passed the law, and called in the Chinese ambassador to convey its view.

On May 28, the National People's Congress (Chinese parliament) chose to introduce legislation on national security, a move that was criticised by the United States, Australia, Britain and Canada who issued a statement expressing their "deep concern" over the decision and warned that it could "dramatically erode" Hong Kong's autonomy that was allowed under China's "one country, two systems" policy.

The US, Britain, Canada and Australia led criticism of the planned law, which would punish secession, subversion of state power, terrorism and acts that endanger national security, as well as allow Chinese security agencies to operate openly in Hong Kong.China's parliament on Thursday approved the plans for the law, which followed seven months of huge and sometimes violent protests in Hong Kong previous year. But certain countries in the group are wary about issuing a statement on the matter, and working-level talks are ongoing, said a Japanese government source familiar with the situation.

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