The Tyler Group News Articles Hong Kong

HONG KONG — Tens of thousands including teachers and parents pushing strollers took to Hong Kong streets Sunday to protest the upcoming introduction of Chinese patriotism classes they fear will lead to brainwashing, the latest sign of growing discomfort over Beijing's influence in the semiautonomous territory.
Students and pro-democracy activists were among those who marched to the Hong Kong government's headquarters to protest the new curriculum, which authorities are encouraging schools to begin using when classes resume in September.
They fear the classes will be used to brainwash children into supporting China's Communist Party. The government has denied that and says they are aimed at building Chinese national pride.
The controversy flared up after reports emerged that pro-Beijing groups published a booklet for use in classes that extolled the virtues of one-party rule.
"China wants Hong Kong's next generation to know how great it is and not know the bad stuff," said Chan Yip-Long, a 9-year-old primary school student. "The booklet is very biased, so I am opposing it."
The protest is the latest sign of growing discontent in Hong Kong over mainland China's increasing influence 15 years after the freewheeling financial center was returned to China by Britain following more than a century of colonial rule. Tensions have also been stoked by growing economic inequality and as well as an influx of free-spending wealthy Chinese, who are see...

Thomas and Raymond Kwok, the billionaire co-chairmen of Asia's largest developer Sun Hung Kai Properties, and Rafael Hui, Hong Kong's former No.2 public official, appeared at a Hong Kong court today to hear formal corruption charges against them.
This is Hong Kong’s biggest corruption case in 40 years. The charges come after investigations between government officials and the city’s tycoons. That has touched a nerve with angry citizens who are concerned at the wide spread corruption between a leading public figure and the two billionaire property developers.
After attending the one hour hearing where they were both formally charged, the youngest brother Raymond Kwok talked to a waiting press corp, saying in Cantonese, that he had done nothing wrong
"I firmly believe I haven't done anything wrong. The Hong Kong judicial system is very fair. I will do my best to defend myself against these accusations. My goal is to prove my innocence. Thank you."
Three others have also been charged in the Sun Hung Kai case. Thomas Chan, the Sun Hung Kai board member in charge of land purchases, Francis Kwan, a former banker and a former chief operation officer of the Hong Kong Futures Exchange. Thomas Kwok's lawyer declined to comment while lawyers representing the other four could not immediately be reached for comment.

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With more than 40 years of collective financial services industry experience, The Tyler Group has been helping individuals and their families, business owners, doctors, lawyers and other professionals preserve, build and transfer their wealth using a process that builds an investment strategy on a solid foundation of financial goals and objectives.
We believe approachability and consistency are the keys to building long-term relationships with you. We strive to anticipate your needs, do what's necessary to get you answers to your questions and make sure you feel comfortable with us and with our recommendations.

“We support and inspire the partners of bodies who have been given an expat mission”

The Tyler Group is a leading structure in making global expat connections specifically in Barcelona. What we do is build a client relationship that honors. We invest in and care about our client’s success through giving a 24/7 professionalism and expertise in terms of business, travel and tours, financial and legal services and well as capturing the best of Barcelona as for both individual and group leisure living.

HONG KONG — Tens of thousands including teachers and parents pushing strollers took to Hong Kong streets Sunday to protest the upcoming introduction of Chinese patriotism classes they fear will lead to brainwashing, the latest sign of growing discomfort over Beijing's influence in the semiautonomous territory.
Students and pro-democracy activists were among those who marched to the Hong Kong government's headquarters to protest the new curriculum, which authorities are encouraging schools to begin using when classes resume in September.
They fear the classes will be used to brainwash children into supporting China's Communist Party. The government has denied that and says they are aimed at building Chinese national pride.
The controversy flared up after reports emerged that pro-Beijing groups published a booklet for use in classes that extolled the virtues of one-party rule.
"China wants Hong Kong's next generation to know how great it is and not know the bad stuff," said Chan Yip-Long, a 9-year-old primary school student. "The booklet is very biased, so I am opposing it."
The protest is the latest sign of growing discontent in Hong Kong over mainland China's increasing influence 15 years after the freewheeling financial center was returned to China by Britain following more than a century of colonial rule. Tensions have also been stoked by growing economic inequality and as well as an influx of free-spending wealthy Chinese, who ...

Thomas and Raymond Kwok, the billionaire co-chairmen of Asia's largest developer Sun Hung Kai Properties, and Rafael Hui, Hong Kong's former No.2 public official, appeared at a Hong Kong court today to hear formal corruption charges against them.
This is Hong Kong’s biggest corruption case in 40 years. The charges come after investigations between government officials and the city’s tycoons. That has touched a nerve with angry citizens who are concerned at the wide spread corruption between a leading public figure and the two billionaire property developers.
After attending the one hour hearing where they were both formally charged, the youngest brother Raymond Kwok talked to a waiting press corp, saying in Cantonese, that he had done nothing wrong
"I firmly believe I haven't done anything wrong. The Hong Kong judicial system is very fair. I will do my best to defend myself against these accusations. My goal is to prove my innocence. Thank you."
Three others have also been charged in the Sun Hung Kai case. Thomas Chan, the Sun Hung Kai board member in charge of land purchases, Francis Kwan, a former banker and a former chief operation officer of the Hong Kong Futures Exchange. Thomas Kwok's lawyer declined to comment while lawyers representing the other four could not immediately be reached for comment.

With more than 40 years of collective financial services industry experience, The Tyler Group has been helping individuals and their families, business owners, doctors, lawyers and other professionals preserve, build and transfer their wealth using a process that builds an investment strategy on a solid foundation of financial goals and objectives.
We believe approachability and consistency are the keys to building long-term relationships with you. We strive to anticipate your needs, do what’s necessary to get you answers to your questions and make sure you feel comfortable with us and with our recommendations.

* Says investment partner may have falsely pledged German bonds
* Raises worries Suntech may need to seek new financing
* Shares fall 15 percent to all-time lows
HONG KONG, July 30 (Reuters) - Suntech Power Holdings Co Ltd said on Monday that its partner in a solar development fund might have defrauded it with a bogus collateral pledge of hundreds of millions of euros of German bonds, sending its shares to all-time lows.
"We now suspect that the German government bonds may not have existed and Suntech may have been a victim of fraud," Chief Executive Officer Zhengrong Shi said on a conference call.
Shares of China-based Suntech shares fell more than 15 percent to $1.33 on the New York Stock Exchange as investors feared the world's largest maker of solar panels would have try to tap debt markets to raise more than $500 million to refinance a bond obligation due next year.
"They're going to need an additional infusion from somewhere," said Ardour Capital Investments analyst Adam Krop.
That financing fear comes as solar companies around the globe struggle to survive a drop of more than 60 percent in panel prices since the beginning of 2011 that has virtually erased profits in the industry.
In the conference call on Monday, Suntech executives said the company was looking into securing a new credit facility or issuing bonds in China to raise the money to cover a $541 million convertible bond that comes due...

The Supreme Judicial Court on Monday ruled that Citizens Bank had no responsibility in a fraud committed more than a decade ago by former Boston defense attorney Morris M. Goldings.
The decision upheld a lower court’s dismissal of most of the claims brought by Go-Best Assets Ltd., a Hong Kong company that lost $5 million in the scheme. The state’s highest court also reversed two remaining claims the company had made against Citizens, ruling that, “There is no evidence that the bank actively participated in or substantially assisted in any fraud, breach of fiduciary duty, or conversion committed by Goldings against Go-Best.”
Goldings was a high-profile First Amendment lawyer in Boston at one time, defending owners of strip clubs and adult film houses in the downtown area formerly known as the Combat Zone. He was convicted in 2002 of stealing $17 million from his firm’s clients and sentenced to three years in federal prison, and three years’ probation. The firm, Mahoney, Hawkes & Goldings, went out of business, and Goldings was disbarred.
Go-Best sued in a civil case, alleging that Citizens had some responsibility for the $5 million lost at the hands of Goldings. According to Go-Best, Citizens was negligent in the matter because it knew that Goldings was bouncing checks in his account with the bank and should have known that he was misappropriating client funds.
But the high court ruled that there was “no evidence in th...