Baird Capital, the private equity investment arm of Milwaukee-based Robert W. Baird & Co., says it has made a meaningful financial commitment to back education executive Peter Winn and his team. Winn is the former president of the China-based operations of English First Professional (EF). In six years, Winn built this business from a concept […]

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Secretary for Security TK Lai says the Government has asked US authorities to give a full and comprehensive response to claims its agencies hacked into Hong Kong computer systems.

Speaking to the media today, Mr Lai said the Security Bureau wrote to the US government on June 21 seeking a clarification, and an explanation for the allegation, adding the Government is disappointed no reply has been received so far.

As Hong Kong is an international financial centre, he said Internet security, personal privacy and freedom of information is very important for the commercial sector and the public.

Police will take action to ensure the planned Occupy Central protest does not hinder public order.

This was the message from Secretary for Security TK Lai to lawmakers today, saying the Government is very concerned about the proposed event, as people and companies are worried it will impact the community.

Mr Lai said that, according to reports, more than 10,000 people may be called upon to occupy trunk roads in Central to express their aspirations.

He said demonstrations must be held in a peaceful and orderly manner, and not hinder the general public.

"If there is any occupancy of trunk roads in Central – paralysis of traffic, blocking up of public thoroughfares – by over 10,000 people, it will cause grave impact on social order and public safety and even affect emergency services, thereby threatening lives and property."

He said Police will adopt appropriate measures to ensure public order and protect public safety.

Any public meetings of more than 50 people, and processions of more than 30, must be notified to the Commissioner of Police at least seven days before the event, and can only be conducted if there are no objections, he added.

The Wall Street Journal's China Real Time Report has an article entitled, "Why Chinese Workers Sometimes Hold Foreign Execs Hostage." The report begins: Beset by stories of runaway bosses, Chinese workers are adopting increasingly drastic methods in negotiating with their…

In this edition of China Money Podcast, senior equity analyst at Sanford C. Bernstein, Michael Werner, returns to discuss the recent interbank market liquidity squeeze in China, which Chinese banking shares he likes and what he sees as the biggest risk…