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Hong Kong's Media Under Siege: A Threat to Investments and Democracy

Industry ExpressTuesday, Jan 21, 2025 9:36 pm ET
3min read
The upcoming Legislative Council (LegCo) elections in Hong Kong, scheduled for September 4, have sparked concerns about the safety and rights of journalists in the region. The International Federation of Journalists (IFJ) and its affiliate, the Hong Kong Journalists Association (HKJA), have strongly criticized an attack on two journalists from Ming Pao Daily on August 31, calling on the Hong Kong authorities to guarantee the rights and safety of the local media in the lead-up to the elections.

On Wednesday, a journalist and photographer from Ming Pao Daily arrived at a local restaurant, where a candidate for the upcoming elections and her support group were hosting a banquet event, which is illegal according to the Elections (Corrupt and Illegal Conduct) Ordinance. As the journalists arrived at the restaurant, they were immediately blocked from entering by members of a police support group. The journalists identified themselves, but were still barred entry. When the photographer started using his phone to film the scene, it was immediately confiscated. The photographer was also attacked, injuring his head and breaking his glasses. The journalist was pushed to the ground and injured her hand.

The Ming Pao Daily and the Ming Pao Staff Association condemned the brutal act. Police investigated the case and classified it as theft and common assault. This is not the first time that journalists have been attacked by the police support group. During the Umbrella Revolution in 2014, several journalists from Radio Television Hong Kong were attacked when they tried to report on an anti-revolution protest organized by the group.

The IFJ Asia Pacific Office said: "We welcome the swift investigation into the incident by the police, however we urge the police to take action against those responsible. In the lead-up to the elections, the situation in Hong Kong has soured and the media is coming under increasing pressure. We call on the local authorities to guarantee the rights of the media, particularly during times of political change."

The escalating pressure on Hong Kong's media landscape, as evidenced by the recent attacks on journalists, has a significant impact on the overall investment climate in the region. The suppression of independent media and freedom of speech creates an environment of uncertainty and risk for investors, as it undermines the free flow of information and the ability of businesses to make informed decisions. This is further validated by the statement from the Media Freedom Coalition, which highlights that the free flow and exchange of opinions and information is vital to Hong Kong's people, business, and international reputation.

Moreover, the increased self-censorship among local media outlets, as well as the prosecution of journalists and publishers like the Stand News team and Jimmy Lai, creates a chilling effect on others in the press and media. This further erodes the trust and confidence of investors in the region, as it indicates a lack of respect for human rights and fundamental freedoms, which are essential for a stable and prosperous business environment.

The upcoming LegCo elections could exacerbate these trends, as the new electoral system favors pro-Beijing candidates and limits the representation of pro-democracy voices. This could lead to further restrictions on press freedom and a more controlled media environment, as the government may seek to consolidate its power and suppress dissenting views.

Investors in Hong Kong's media sector may face increased risks and uncertainty due to the changing political and media landscape. The suppression of independent media and the chilling effect on journalists could lead to a lack of reliable and diverse information sources, making it more difficult for investors to make informed decisions. Additionally, the potential for further government intervention in the media sector could create regulatory risks and uncertainty for investors.

Moreover, the LegCo elections could influence the broader investment landscape in Hong Kong. A more controlled media environment and the suppression of independent voices could negatively impact Hong Kong's international reputation as an open place to do business. This could lead to a decline in foreign investment, as investors may be hesitant to operate in an environment with limited press freedom and a lack of transparency.

In conclusion, the upcoming LegCo elections in Hong Kong could have significant implications for the local media environment and the investment landscape in the city. The new electoral system and the ongoing suppression of independent media could lead to further restrictions on press freedom, increased risks for investors in the media sector, and a potential decline in foreign investment due to concerns about Hong Kong's international reputation. Investors should closely monitor the situation and consider the potential long-term effects of these developments on their investments in Hong Kong.
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