Hong Kong's High Court found tycoon and pro-democracy campaigner Jimmy Lai guilty of conspiracy to collude with foreign forces in the city's highest-profile trial under a China-imposed national security law that could see him jailed for life.

Jimmy Lai, the former Hong Kong media mogul and outspoken critic of Beijing, was convicted in a landmark national security trial in the city's court on Monday, which could send him to prison for the rest of his life.

BEIJING/HONG KONG, Dec 16 (Reuters) - Chinese AI chip startup Biren ‌Technology ​aims to launch a Hong Kong ‌initial public offering in the coming weeks, four sources with knowledge of the ​matter said. The IPO could raise $300 million, local Chinese media reported. One of the sources confirmed the number to Reuters.

Caution prevails as investors weigh China’s growth prospects after key economic data showed a deceleration across the board.

Hong Kong's last major opposition party disbanded on Sunday after a vote by its members, the culmination of Chinese pressure on the city's remaining liberal voices in a years-long security crackdown.

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These problems first took root as China prepared to assume control of Hong Kong from Britain, in 1997. Concerned that the transition would scare off foreign investors, Chinese leaders tried to woo real-estate tycoons and other business elites by giving them key roles overseeing the city’s future governance.