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Thousands of Hong Kong protesters stage illegal march, metro stations close

Thousands of Hong Kong protesters, many wearing masks in defiance of emergency laws, staged an illegal march through the Kowloon district on Sunday which will test the strength of the pro-democracy campaign after four months of unrest.
Banners reading “Free Hong Kong” stretched across the ground, other posters read “HongKongers Resist,” and graffiti on one wall said “Better Dead than Red.”
Police have declared the march illegal meaning the protesters, who range from young students to the elderly, many carrying umbrellas for sun protection, face arrest.
The Kowloon area has been the site of some of the worst violence in recent weeks and tight security has been imposed along the march route, with metro stations closed and police placing water cannons on the street.
Protesters are angry at Hong Kong’s leader Carrie Lam for what they see as her failure to protect their freedoms from an encroaching Beijing, imposing colonial-era emergency powers, and allowing what they say is excessive force by police.
“Carrie Lam is not listening to us at all. This may work in China but not in Hong Kong,” said Cheung, a 33-year-old woman wearing a face mask and black T-shirt, symbols of the democracy movement. She declined to give her first name.
“You can’t ask a city that already has freedom to walk backward. You can’t close the door and keep everyone inside. You can’t do this in an international city,” she said, adding she was not afraid of being arrested.
Hong Kong has been battered by months of often massive and violent protests, the worst political crisis since Britain handed the city back to China in 1997.
The crisis in the Chinese-ruled city also poses the biggest popular challenge to China’s President Xi Jinping since he took power. Xi has vowed to crush any attempt to split China.
The unrest was sparked by a bill that would have allowed extradition to mainland China for trial in Communist Party-controlled courts. It has since widened into a pro-democracy movement.
Hong Kong has been relatively calm in the past two weeks after violent protests fueled by the introduction of emergency laws, which ban face masks at public rallies.
Protesters have 5 core demands: universal suffrage, an independent inquiry into police action against protesters, amnesty for those charged, and an end to describing protesters as rioters, and the formal withdrawal of the extradition bill.
Lam has said the bill is dead, but it is yet to be formally withdrawn. She has rejected the other demands. On Sunday she said a police complaints inquiry will be completed before the end of the year.
Protesters and police have staged running street battles, with police firing tear gas, rubber bullets, and sometimes live rounds, at protesters throwing petrol bombs and bricks.
Two people have been shot and wounded by police and thousands injured. Police have arrested more than 2,300 people since June.
Hardcore protesters have in recent weeks targeted mainland Chinese businesses, daubing them in graffiti and at times setting fires, while mainland Chinese living in Hong Kong have begun to express fears for their own safety.
The city’s metro network, which carries some 5 million people daily, has been torched and trashed, and at one stage was forced to completely shut down.
Subway operator MTR Corp Ltd said several Kowloon stations were closed on Sunday, the airport express would not stop at Kowloon, and the network will again shut two hours early at 10 pm.
The destination of the march is the West Kowloon station, the main railway interchange with mainland China, where authorities have heightened security and restricted access.
Hong Kong is governed under a “one country, two systems” formula, which permits the city freedoms not available on the mainland such as an independent judiciary.
Beijing has rejected claims it is encroaching on these freedoms and blames Western nations, such as the United States and Britain, for inciting the unrest.
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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