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China summons U.S. diplomat to complain about Hong Kong remarks
BEIJING/WASHINGTON (Reuters) - China summoned a senior U.S. diplomat on Friday to lodge a formal complaint about U.S. comments on Hong Kong, after proposed U.S. legislation that would require the government to justify the continuation of special treatment for the territory.
The bipartisan Senate legislation, sponsored by several senior senators, would require the U.S. secretary of state to issue an annual certification of Hong Kong’s autonomy to justify special treatment under the U.S. Hong Kong Policy Act of 1992.
The proposed law, introduced by Republican Senator Marco Rubio and Democratic Senator Ben Cardin, would also require the U.S. president to identify those responsible for the abduction of booksellers and other individuals from Hong Kong and subject them to U.S. sanctions.
The planned legislation comes amid a political crisis in the former British colony, where protests have boiled over against a proposed law that would allow extraditions to mainland China.
Chinese Vice Foreign Minister summoned Robert Forden, the U.S. Deputy Chief of Mission in Beijing, to lodge stern representations over recent U.S. comments and actions on Hong Kong and the extradition law and urged Washington to stop interfering in the city’s affairs immediately.
Le urged Washington not to not take any actions that harm Hong Kong’s prosperity and stability, the ministry said in a statement.
“We urge the U.S. side to treat the Hong Kong government objectively and fairly and respect its normal legislative process,” the statement cited Le as saying.
“China will watch the U.S. side’s actions and further respond,” he added, without elaborating.
Hong Kong returned to Chinese rule in 1997 under a “one country, two systems” deal guaranteeing it special autonomy, including freedom of assembly, free press and independent judiciary.
Many accuse China, where the courts are strictly controlled by the Communist Party, of extensive meddling since then, with the extradition proposals a further example.
Earlier on Friday, the foreign ministry expressed “extreme dissatisfaction” with the proposed U.S. bill, calling it “irresponsible carping and crude interference”.
China called on the United States “to give up its delusions of creating chaos in Hong Kong, stop pushing the proposed bill and to stop interfering in China’s domestic affairs,” spokesman Geng Shuang told a regular media briefing.
The bill would also require the president to issue a strategy to protect U.S. citizens and business from the effects of a revised extradition law and the U.S. Commerce Department to issue an annual report assessing whether Hong Kong was adequately enforcing U.S. and U.N. sanctions, particularly those on Iran and North Korea.
In addition, the legislation would make clear that Hong Kong citizens should not be denied visas to the United States if they were arrested or detained in connection with protest activity there.
Scuffles broke out between demonstrators and police in Hong Kong on Thursday as hundreds of people persevered with a protest against the extradition law a day after police fired tear gas and rubber bullets to break up big crowds.
Wednesday’s protests around the city’s legislature forced the postponement of debate on the bill, which many in Hong Kong fear will undermine freedoms and confidence in the commercial hub.
https://www.reuters.com/article/us-hongkong-extradition-usa-congress/china-summons-u-s-diplomat-to-complain-about-hong-kong-remarks-idUSKCN1TF0XD?
also nommed it yesterday, but did not realize it was not included until now. things get missed for whatever reason. The important thing is that is was seen, that is what matters.
Chewy IPO Jumps As Trading Begins, And Prices Above Range
Chewy (CHWY) stock soared Friday in a market for initial public offerings that continues to heat up. The Chewy IPO, being spun out by PetSmart, raised $1.02 billion for the largest U.S. online retailer of pet food and supplies.
The Chewy IPO priced shares at $22 each late Thursday, above the estimated price range set by underwriters of $19-$21. In the first few minutes of trading, Chewy stock neared 40.60 for a gain of 85% on the stock market today. The stock then pulled back, and was up about 54%, near 33.80, during early-afternoon trading.
The initial range was $17-$19, while the amount of shares being offered rose to 47.5 million shares, up from 41.2 million.
Research and advisory firm IPO Boutique said, before Chewy's offering priced, that it was "multiple times oversubscribed." That means the request for shares among institutional investors was higher than what was being allotted.
PetSmart acquired Chewy in 2017 for a reported $3.35 billion. PetSmart never publicly disclosed the acquisition price and continues to hold a majority stake in the company.
Based in Dania Beach, Fla., and launched in 2011, Chewy says it partners with more than 1,600 brands to put 45,000-plus products on its e-commerce website.
Chewy IPO Filing
"Since our launch, we have created the largest pure-play pet e-tailer in the United States, offering virtually everything a pet needs," the company said in the Chewy IPO filing.
In 2018, Chewy reported revenue of $3.5 billion, up 67% from the prior year. It showed a net loss of $268 million. About 42% of revenue comes from sales of pet food. Another 22% comes from supplies and medicine, and 25% from vet care. The rest comes from pet services and live animal sales.
The IPO market has been red-hot in recent months. While the high-profile Uber (UBER) and Lyft (LYFT) IPOs have fizzled, Beyond Meat (BYND), Zoom Video (ZM) and Tradeweb Markets (TW) are among the many big winners. CrowdStrike (CRWD) and Fiverr (FVRR) had huge IPO trading debuts this week.
https://www.investors.com/news/technology/chewy-ipo-prices-shares-jump-as-trading-commences/
The hand-off to retail is now being completed.
https://finance.yahoo.com/quote/CHWY?p=CHWY&.tsrc=fin-tre-srch
don't drop that shit nigga!
np anon, is important to notice the symbolism here. perhaps some get turned off with the jr connections but that is their problem.
missing the point entirely. you don't have to be in that camp to see what is going on with the symbolic aspect of it.
right, what a witty response that was.
the paint schemes are fairly close.
but you go right ahead and keep projecting that anyone who ever brings that name up is in the has to be alive camp.
and fuck off too