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Hong Kong’s League of Social Democrats announces disbandment | Hong Kong Protests News

Founded in 2006, LSD was the latest pro-democracy party to hold street protests amid a national security crackdown.

The League of Social Democrats (LSD), the last remaining active pro-democracy party in China-ruled Hong Kong, has announced its disbandment due to “immense political pressure”.

The “difficult” decision announced on Sunday in effect leaves the financial hub with no opposition force holding street protests after the imposition of sweeping national security laws in recent years.

In a statement, the relatively small left-wing party, which was founded in 2006, said it had reached its conclusion after “careful deliberation”, particularly with regards “to the consequences” for its members.

“Over these 19 years, we have endured hardships of internal disputes and the near-total imprisonment of our leadership, while witnessing the erosion of civil society, the fading of grassroots voices, the omnipresence of red lines, and the draconian suppression of dissent,” it added.

But “the road has narrowed beyond passage”, the LSD continued, warning that the “terrain ahead is even more treacherous”.

National security laws

China imposed a national security law on Hong Kong in 2020, punishing offences such as subversion with the possibility of life imprisonment following mass pro-democracy protests in 2019. Under the legislation, many leading activists were prosecuted or jailed, dozens of civil society groups dissolved and media outlets critical of the government were shuttered.

A second set of laws, known as Article 23, was passed in 2024 by the city’s pro-Beijing legislature. They punish a range of offences, including treason, sabotage, sedition, the theft of state secrets, external interference and espionage. Sentences range from several years to life imprisonment.

The LSD was the only pro-democracy party that still staged small street protests from time to time and held street booth activities to carry on its advocacy despite the risks.

While never as popular as the more moderate Democratic Party and Civic Party, it won three seats in the 2008 legislative elections – its best showing.

The LSD is widely known for its more aggressive tactics when fighting for change. Its members have thrown bananas, eggs and luncheon meat at officials or pro-Beijing lawmakers as a protest gesture. Its party platform said the group advocated nonviolent resistance but would not avoid physical confrontations – a stance that set it apart from older, traditional pro-democracy groups.

‘No other choice’

On Sunday, party leader Chan Po-ying did not elaborate on the pressure the LSD received but said she was proud to say the party had still contributed to the city’s pro-democracy movement.

“We have stayed true to our original aspirations and haven’t let down the trust placed in us by those who went to prison,” she said. “While we are now forced to disband and feel an ache in our conscience, we have no other choice.”

The announcement comes just before Hong Kong, a former British colony, will mark the 28th anniversary of its return to Chinese rule on Tuesday.

The city used to witness annual pro-democracy protests on the anniversary and other demonstrations demanding better policies, but those ceased after most organising groups were disbanded and activists were jailed.

Critics said the drastic political changes under the security laws reflect Hong Kong’s shrinking freedoms despite Beijing’s promises to keep them intact after the 1997 handover. But the governments in Beijing and Hong Kong insist the measures are necessary for the city’s stability, saying they balance security with safeguarding the rights and freedoms of the city’s residents.

In April, Hong Kong’s biggest pro-democracy party, the Democratic Party, also voted to give its leadership the mandate to move towards a potential disbandment. A final vote is expected at a later date.

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China: CATL Supercharges Hong Kong’s IPO Market

On May 27, Chinese EV battery giant CATL raised HK$41 billion (about $5.23 billion) in the world’s largest IPO of 2025 on the Hong Kong Stock Exchange.

Shares jumped 16.4% on its debut, with JPMorgan Chase underwriting the deal that propelled the bourse to the top of global rankings.

“CATL’s Hong Kong listing is a significant milestone, not just for the company but for the broader regional market,” said Joshua Chu, a Hong Kong-based lawyer at CITD.

“The scale of the IPO, given the current global macroeconomic headwinds and the cautious investor sentiment in Asia, is impressive,” he added.

The advisers also managed a complex dual-listing process, underscoring Hong Kong’s growing capability to handle large strategic offerings. After all, these were some of the most seasoned global and regional financial institutions and law offices, according to Anandaday Misshra, managing partner of Indian law firm AMLEGALS.

“It is clear that CATL has leaned on deep institutional and sectoral expertise to structure a deal of this magnitude,” Misshra added.

Also, CATL’s Hong Kong listing “shows growing confidence in zero-carbon technologies and the companies building them,” Kapil Dhiman of Quranium said.

“As a company building secure digital infrastructure for the future, we see this as a sign that Hong Kong is ready to play a leading role again in supporting bold, forward-looking industries,” Dhiman adds.

CATL reported a 40% year-on-year increase in EV battery deliveries in the first quarter of the year. Seoul-based SNE Research suggests it also acquired a 38.2% global market share.

CATL’s Hong Kong listing proceeds would be utilized for factory construction in foreign markets—accounting for 30% of its total revenue.

“For now, it looks far more like a war chest. The large earning to spending suggests China will take up any new technologies slowly anyway,” said economist Dr. Bryane Michael of Oxford University.

CATL’s IPO also reflects a broader shift in global capital flows.

“As US-China trade tensions ease, Chinese equities have rebounded strongly, while ongoing US-EU tariff disputes and political uncertainties continue to weigh on US markets,” Chu said. “Hong Kong’s mature market infrastructure and strategic positioning make it an increasingly attractive destination for international investors seeking stability and growth in Asia.”

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