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Hong Kong protesters hurl petrol bombs in fresh university clashes

Fresh violence erupted around a besieged Hong Kong university campus on Sunday morning, as protesters braced for a possible final police push to clear them after fiery clashes overnight.
Huge fires had lit up the night sky at Hong Kong Polytechnic University in Kowloon district hours earlier as protesters hurled petrol bombs, some by catapult, and police fired volleys of tear gas to force them up onto the podium of the red-brick campus.
After a few quiet hours as protesters slept on lawns and in the university library, police fired fresh rounds of teargas shortly after 10am. Activists hurled petrol bombs in return, some igniting trees outside the campus.
Hours earlier, squads of Chinese soldiers dressed in shorts and T-shirts, some carrying red plastic buckets or brooms, emerged from their barracks in a rare public appearance to help residents clear debris blocking key roads.
Parts of the campus looked more like a fortress on Sunday morning, with barricades and black-clad protesters manning the ramparts with improvised weapons like bricks, crates of fire bombs, and bows and arrows at the ready.
“We don’t want to attack the police, we just want to safeguard our campus....and we want to safeguard Hong Kong,” said Chan, 20, a year-three student at the university who did not want to provide her full name.
The campus is the last of five universities to be occupied, with activists using it as a base to continue to block the city’s central cross-harbour road tunnel.
The presence of China’s People’s Liberation Army (PLA) soldiers on the streets, even to help clean up, could stoke further controversy over Hong Kong’s autonomous status at a time many fear Beijing is tightening its grip on the city.
Hong Kong did not request assistance from the PLA and the military initiated the operation as a “voluntary community activity,” a spokesman for the city’s government said.
Pro-democracy lawmakers condemned the PLA’s actions in a joint statement, warning that under the city’s Garrison Law the military must not interfere in local affairs unless it was asked by the government to help with disaster relief or public order, government-funded broadcaster RTHK reported.
The Asian financial hub has been rocked by months of demonstrations, with many people angry at perceived Communist Party meddling in the former British colony, which was guaranteed its freedoms when it returned to Chinese rule in 1997.
Beijing denies interfering and has blamed the unrest on foreign influences.
Clashes between protesters and police have become increasingly violent in the Chinese-ruled city, which is grappling with its biggest political crisis in decades.
The demonstrations pose the gravest popular challenge to Chinese President Xi Jinping since he came to power in 2012.
Xi has said he is confident the Hong Kong government can resolve the crisis. Until Saturday, Chinese troops in the city had remained inside their base during the protests.
source:Reuters
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BENEFIT AGM approves 10%...
- March 27, 2025
BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, held its Annual General Meeting (AGM) at the company’s headquarters in the Seef District.
During the meeting, shareholders approved all items listed on the agenda, including the ratification of the minutes of the previous AGM held on 26 March 2024. The session reviewed and approved the Board’s Annual Report on the company’s activities and financial performance for the fiscal year ended 31 December 2024, and the shareholders expressed their satisfaction with the company’s operational and financial results during the reporting period.
The meeting also reviewed the Independent External Auditor’s Report on the company’s consolidated financial statements for the year ended 31 December 2024. Subsequently, the shareholders approved the audited financial statements for the fiscal year. Based on the Board’s recommendation, the shareholders approved the distribution of a cash dividend equivalent to 10% of the paid-up share capital.
Furthermore, the shareholders endorsed the allocation of a total amount of BD 172,500 as remuneration to the members of the Board for the year ended 31 December 2024, subject to prior clearance by related authorities.
The extension of the current composition of the Board was approved, which includes ten members and one CBB observer, for a further six-month term, expiring in September 2025, pending no objection from the CBB.
The meeting reviewed and approved the Corporate Governance Report for 2024, which affirmed the company’s full compliance with the corporate governance directives issued by the CBB and other applicable regulatory frameworks. The AGM absolved the Board Members of liability for any of their actions during the year ending on 31st December 2024, in accordance with the Commercial Companies Law.
In alignment with regulatory requirements, the session approved the reappointment of Ernst & Young (EY) as the company’s External Auditors for the fiscal year 2025, covering both the parent company and its subsidiaries—Sinnad and Bahrain FinTech Bay. The Board was authorised to determine the external auditors’ professional fees, subject to approval from the CBB, and the meeting concluded with a discussion of any additional issues as per Article (207) of the Commercial Companies Law.
Speaking on the company’s performance, Mr. Mohamed Al Bastaki, Chairman BENEFIT , stated: “In terms of the financial results for 2024, I am pleased to say that the year gone by has also been proved to be a success in delivering tangible results. Growth rate for 2024 was 19 per cent. Revenue for the year was BD 17 M (US$ 45.3 Million) and net profit was 2 Million ($ 5.3 Million).
Mr. Al Bastaki also announced that the Board had formally adopted a new three-year strategic roadmap to commence in 2025. The strategy encompasses a phased international expansion, optimisation of internal operations, enhanced revenue diversification, long-term sustainability initiatives, and the advancement of innovation and digital transformation initiatives across all service lines.
“I extend my sincere appreciation to the CBB for its continued support of BENEFIT and its pivotal role in fostering a stable and progressive regulatory environment for the Kingdom’s banking and financial sector—an environment that has significantly reinforced Bahrain’s standing as a leading financial hub in the region,” said Mr. Al Bastaki. “I would also like to thank our partner banks and valued customers for their trust, and our shareholders for their ongoing encouragement. The achievements of 2024 set a strong precedent, and I am confident they will serve as a foundation for yet another successful and impactful year ahead.”
Chief Executive of BENEFIT; Mr. Abdulwahed AlJanahi commented, “The year 2024 represented another pivotal chapter in BENEFIT ’s evolution. We achieved substantial progress in advancing our digital strategy across multiple sectors, while reinforcing our long-term commitment to the development of Bahrain’s financial services and payments landscape. Throughout the year, we remained firmly aligned with our objective of delivering measurable value to our shareholders, strategic partners, and customers. At the same time, we continued to play an active role in enabling Bahrain’s digital economy by introducing innovative solutions and service enhancements that directly address market needs and future opportunities.”
Mr. AlJanahi affirmed that BENEFIT has successfully developed a robust and well-integrated payment network that connects individuals and businesses across Bahrain, accelerating the adoption of emerging technologies in the banking and financial services sector and reinforcing Bahrain’s position as a growing fintech hub, and added, “Our achievements of the past year reflect a long-term vision to establish a resilient electronic payment infrastructure that supports the Kingdom’s digital economy. Key developments in 2024 included the implementation of central authentication for open banking via BENEFIT Pay”
Mr. AlJanahi concluded by thanking the Board for its strategic direction, the company’s staff for their continued dedication, and the Central Bank of Bahrain, member banks, and shareholders for their valuable partnership and confidence in the company’s long-term vision.
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