Hong Kong is associated with its tycoons. With 67 billionaires, it has more ultrarich individuals than any other city in the world, but many of its young citizens are having difficulties in coping with the very high costs of living. The housing issue, in particular, is extremely problematic. Only 50 percent of Hong Kong households own their property.
Hong Kong residents also expressed concern about the renewed violence.
Hong Kong has also said its residents coming home will have to spend 14 days in quarantine.
Hisense have also sponsored the Australian Open tennis tournament, NASCAR racing in the United States, the Red Bull Racing F1 team and Germany's Schalke 04 football club.
Hong Kong groups protest outside the United States consulate general in Hong Kong on June 26 over a new US bill that would sanction those supporting the national security law for Hong Kong. They criticized what they said is US meddling in China's affairs. Protesters expressed support for the national security legislation as a way to return social stability to the city. CALVIN NG/CHINA DAILY
Hong Kong education experts expressed concern on Monday that the city's young people were being used as political pawns by the opposition after the reappearance of unlawful assemblies and violence on the streets on Sunday.
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Hong Kong will play a key role in the Greater Bay Area, said Swiss financial consultant Angelo Giuliano, who lived in the city for three years until he was stranded in Switzerland because of the coronavirus pandemic. Giuliano said the US sanctions on Hong Kong only show that Washington is afraid of falling behind China.
Ho, who also is chairman of Education Convergence, a leading association of local educators, also said it's unreasonable to stage a boycott based on a political stance in secondary schools. No one in the secondary education system, including students, teachers and school officials, should be pulled into any political dispute.
Hong Kong legal experts and political heavyweights said on Sunday it is "misleading" and factually unfounded for United States politicians to describe the 12 fugitives arrested while fleeing the city as "democracy activists".
Ho Hon-kuen, chairman of the professional association Education Convergence, said that young students are easily influenced by the biased political speeches on campuses, as radicals have infiltrated universities and secondary schools.