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The Young Reporter

Business

Investors unfazed over grey areas of Bitcoin regulation

Hong Kong has seen the rise of money laundering and illicit payments in this year. According to the Hong Kong Police Force (HKPF), there has been 3671 cases of deception-related crimes reported in the first half of 2018 -- including email scams and investment fraud. In addition, Hong Kong's anti-fraud squad has discovered that thousands of Hong Kong bank accounts have been used to launder about $4 million in the past year. Some of these fraudsters made use of Bitcoin -- a popular type of cryptocurrency -- to commit these crimes. First founded in 2009, Bitcoin does not need to rely on a central bank or single administrator to be sent from user to user.  To ensure its security, Bitcoin also uses cryptography to secure and verify transactions. As such, it is possible to conduct transactions anonymously, allowing these fraudsters to make use of its anonymous nature for ransom or blackmail. This also makes it difficult for police to identify fraudsters. Due to these crimes, local banks are increasingly wary about cryptocurrencies, which makes it more difficult for investors to obtain bank accounts to trade Bitcoin. For example, local cryptocurrency exchange Gatecoin received a notification from Han Seng Bank that their company bank account is suspended without further explanation last year. The exchange was forced to create a foreign bank account to continue with their operations. Banks are also charging high interest rates for many cryptocurrency exchanges in order to discourage investors to mine Bitcoin locally. according to the Bitcoin Association of Hong Kong. These concerns have prompted some nations to scrutinise their current cryptocurrency policies. For example, China is one of the most extreme regulators of cryptocurrency trading. The nation has started to ban Bitcoin miners, while also freezing bank accounts associated with cryptocurrency exchanges. They have even blocked …

Society

A drive through the newly opened Wan Chai Bypass and Island Eastern Corridor

The Wan Chai Bypass and Island Eastern Corridor opens today, costing $36 billion dollars to build. The project began in December 2009 and aims to reduce traffic from the eastern corridor towards the city’s central area, which has previously been a problematic area for traffic during rush hour. This is caused by drivers and passengers going back to the Kowloon side via the Cross Harbour Tunnel and surge of traffic going towards the Sai Ying Pun area from Causeway Bay. Passengers that go by the route from the eastern corridor to the west side often have a 30 to 45 minute wait between 5:00PM to 7:30PM. Roads have now been changed in order to accommodate the brand new tunnel. One of our reporters drove through the tunnel this afternoon, taking about 5 minutes to drive through the entire 4.5km tunnel, with generally smooth traffic. However, the final "test" that should occur would be during the rush hours in the morning and evening. During the drive, there were no clear instructions indicated on switching lanes within the tunnel was not allowed, giving the Wan Chai North (going to the Wan Chai Convention Center) only one lane, but three lands while heading out to the western side of the island. Despite the three lanes leading up to the western side, there was also no clear route that connects the Western Crossing harbour Tunnel since the exit is currently closed. One of the main aims of the tunnel was to divert the traffic from the Cross Harbour Tunnel to the Western Crossing Tunnel and the Eastern Harbour Crossing. However, the unclear instructions and unopened roads made it very difficult to get to the Western Harbour Crossing. Overall, the experience of driving through the tunnel was smooth, despite some minor changes in the directions and some exits of the tunnel remaining closed.

The New Kick-off : Live sports and VR

  • 2019-01-21

20-year-old football fanatic, Tse Pak-hoi Tonny, had anticipated the VR live football match streaming experience for long, which eventually happened in the 2018 Russia World Cup last Summer. It was the first time ever immersive technology kicked into the field of football. Last Summer, the 2018 World Cup worked with Oculus, a US-based VR technology company, to offer VR live-streaming of matches through Oculus Go, the company's own VR  headset goggles. Fox sports live-streamed four World Cup matches for free on Oculus Venue, while BBC Sports VR app broadcasted 33 live matches. The most ambitious of all went to Spanish company, Telemundo Deportes VR, which covered 64 live World Cup matches with paid TV subscriptions. As an experienced viewer who watches local and international live football matches four to five times each month both on TV and at scene, Mr. Tse explained he felt clueless and confused after having his first trial with a short 360 video of Madrid versus Juventus in the 2017 Champions League Final from Fox Soccer online. "The very first thing that I immediately knew when the game started was I did not know what to focus on. There were too many things happening around," said Mr. Tse. Chief operating officer of VR Educate, Ko Ping-yeung, explained the VR experience of a live-streamed sports game is different from what usual VR experience can offer because the nature of sports games viewing and playing video games are different. "You cannot think of them as the same thing. In VR videos and gameplays, they choreographed animated characters with a fictional plot, which users are guaranteed to experience interactions. However, I guess for live sports, there is probably not much you can do beforehand except making sure you have the equipment you need to make things as real as …

Society

Operation Santa Claus: Food experiences for pupils with disabilities

With help from Operation Santa Claus, Caritas Jockey Club Lok Yan School plans to develop simple and healthy recipes for their pupils suffering from "complex medical cases". OSC is an annual charity campaign that aims to support the Hong Kong community and beyond, through the combined charitable fundraising power of two of Hong Kong's most respected news organisations - South China Morning Post and Radio Television Hong Kong.

Business

Tournament needed for future development of Hong Kong's esports industry

Hong Kong esports athlete, Lo Tsz-kin won a gold medal at the Asian Games 2018. However, since esports is not recognised as an official sport in Hong Kong, he is not eligible to receive the $400,000 cash award as other gold medalists under the Athlete Incentive Award Scheme. Hong Kong's esports industry has been developing slowly compared to other countries, experts say hosting mature tournaments is the key to the industry's future development. The city has a large amount of highly skilled players, yet the industry had started late and the development of the local esports industry is slow when compared to other regional countries which started around the same time as us like Japan and Vietnam, said Marbles So, manager of Kowloon Estadium, a company which provides practice venue and management for professional esports players. According to a report by Cyberport published in 2017, Hong Kong has more than 300,000 esports players. Professional esports teams have been set up by esports management companies such as Kowloon Estadium and Hong Kong Esports Limited. Many professional esports players, however, opted for developing their career outside of Hong Kong, mainly in mainland China and Taiwan. In 2012, Hong Kong League of Legends player Lau Wai-kin, who goes by Toyz, had won the Season 2 World Championship with his Taiwan-based team, Taipei Assassins. The Hong Kong government has been supportive of esports in recent years. In 2017, the government funded $35 million in the Hong Kong Esports Festival, the first esports and music festival organised by the Tourism Board. Acknowledging "tremendous potential" in the industry, Financial Secretary Paul Chan announced in the 2018 budget that the Hong Kong government will allocate $100 million to Cyberport for its development of an arcade for esports competitions and digital entertainment. Still, compared to the global esports …

Politics

Chief Health Inspector depicted Mong Kok turmoil as "chaos"

Prosecutors accuse four people of taking part in riot, during the Mong Kok unrest trial. The trial began at Hong Kong's High Court after jury selection on  November 28, 2018. Chief Health Inspector Lai Yau-yu, of the Food and Environmental Hygiene Department described the clash between the police-force and citizens at a Lunar New Year night in 2016 as "chaotic". Mr. Lai, a witness for the prosecution, notified the court that the Food and Environmental Hygiene Department planned to coordinate with police officers to maintain public order in Mong Kok on February 8, 2016. According to Mr. Lai, he received a message from a police officer, stating Hong Kong Indigenous, a localist group, would gather people to support food hawkers in Sham Shui Po or Mong Kok. "I saw a group of people standing at the corner of Portland Street and Shantung Street. They were about to put on blue jackets," Mr. Lai said."'Hong Kong Indigenous' were printed on those jackets." The Inspector added that the group of people walk into an alley of Portland Street after putting on jackets. He saw that two food trolleys were pulled out by hawkers from the alley, followed by a handful of people in blue jackets. They pulled the trolleys to Argyle Street. A lockdown happened in Mong Kok during a Lunar New Year night in 2016 - a police officer fired two gun shots while some protesters threw bricks at the police-force and set fire. The clash began after protesters intended to stop a clampdown on hawkers. Edward Leung Tin-kei, a former spokesperson of Hong Kong Indigenous, along with three others, namely Lee Nok-man, Lam Ngo-hin and Yung Wai-ip, are facing charges of participating in riot. They all denied the charge. "I was too far away from the crowd that I could …

The Young Reporter Vol. 51

  • 2018-11-27

 

Politics

Legco By-election: pro-democracy camp's second defeat in Kowloon West

Hong Kong's pro-democracy camp has failed to regain veto power in the Legislative Council as the pro-establishment camp gets the upper hand in yesterday's Kowloon West by-election. Rebecca Chan Hoi-yan, who ran as an independent backed by pro-establishment forces, emerged victorious with 106,457 votes, leading by 13,410 votes. This is the first time the pro-establishment camp wins democrats by such a large margin. "I'm very excited to see this result. I'm grateful to every volunteer in my team and people who support me," said Ms. Chan, former TVB and Cable News journalist and political assistant to Secretary for Food and Health. Ms. Chan said she would focus on current work about people's livelihoods and keep her promises to the voters, instead of thinking about the next election. "We are going to make real and practical contributions," Ms. Chan said. "People's livelihoods are the first priority, and we should solve the problems concerning people's lives first." Despite facing controversies over election campaign expenses and her comments on Victor Mallet's visa denial that it was irrelevant to press freedom, she has a relatively high support rate of 25% according to the University of Hong Kong Public Opinion Programme's pre-election polls. Lee Cheuk-yan, who announced his decision to join the election after previously ousted lawmaker Lau Siu-lai's nomination was invalidated, have not succeeded in gaining the Kowloon West seat. He is the "Plan B" of pro-democracy camp, meaning that he would only join the election upon Ms. Lau's invalidation as an "alternative choice." Mr. Lee said he had “learned a lot from this election," and appealed to care for the future. He pointed out that there were still plenty of "battles" to fight, such as the legislation of Article 23, implementation of Lantau Tomorrow Vision. "As a Hongkonger, we can be disappointed, but …

Politics

FCC president claims foreign journalists fear visa rejection

Several foreign correspondents in Hong Kong have told TYR they feel a general sense of anxiety about their visa renewals after senior Financial Times editor Victor Mallet was denied permission to continue working in Hong Kong. The president of the Foreign Correspondents' Club, Florence de Changy, told TYR that she could sense the anxiety among younger reporters and those who want to be posted in Beijing in the future. "They will not show themselves too much on the stage and they will not host some speakers if the situation prevails," said Ms. de Changy, who works for Le Monde, a French newspaper, and Radio France International. The Immigration Department rejected Mr. Mallet's work visa renewal months after he moderated a forum by Andy Chan Ho-tin, convenor of the banned pro-independence Hong Kong National Party, in August at the FCC. Mr. Mallet was then offered a seven-day visitor permit to stay in Hong Kong when he arrived back from Bangkok on October 8. His attempted re-entry on November 8 was denied by the Immigration Department, with no reason given. Ms. de Changy said Mr. Mallet had never been warned his visa would be at risk if he hosted that forum. "Sometimes the [Hong Kong] government don't like what we do but they did not stop us from doing it," the FCC president added. The FCC currently has 500 members who are journalists or correspondents. Some 80 foreign media organisations have set up offices in the city, according to government statistics. Several foreign correspondents pointed out the grey area the government left behind following Mr. Mallet's incident when they spoke to TYR, including those who have interviewed Andy Chan or covered stories about Hong Kong independence. They declined to go into the specifics of their issues because their news organisations' codes of conduct prohibit them from …

Hong Kong's news media faces practical challenges in face of global digitalisation

  • 2018-10-12

The traditional mass media in Hong Kong is slow to strategise its use of digital technologies compared to news outlets worldwide, media professionals said on October 6 at the 2018 European Study Tour Seminar organised by the Journalism Education Foundation. "Digitalisation has drastically transformed the international media landscape in recent years. Whilst a myriad of European news organisations have already undergone major structural transformations, most media organisations in Hong Kong have not responded to these trends,"  Raymond Li, a senior lecturer of the Hong Kong Baptist University's Journalism Department said. Attended by tens of journalism students from local universities, the post-tour event was centred mainly around reflective observations several media persons made after comparing the digital transformations of news organisations between Europe and Hong Kong. "Traditional news outlets in Hong Kong are very conservative when it comes to embracing digital transformation as the risk is often very big," said Siu Sai-Wo, CEO and Executive Director of Sing Tao News Corporation Limited. Mr. Siu stated vast differences in the operating mechanisms of online and print media as one of the risks media companies have to bear in case of investment failure. Now that is technology being more prioritised over content, new media journalists face more pressure to produce innovative online content, leading to a surge in churn rates amongst some media companies. Mr. Siu added that some companies also need to retrain employees who had only received conventional journalism training. Mr. Li believed that Hong Kong's media sector lacked an explicit digital development strategy as some still expect room for the traditional media to thrive. "When it comes to developing innovative new media products, we also lag behind in investment and expertise," he continued. South China Morning Post is one of the few companies that have started to incorporate breakthrough technologies …