Is Jimmy Lai a bargaining chip in US-China trade talks?

Mark Pinkstone/Former Chief Information Officer of HK government

So, US President Donald Trump is going to ask China to release former media tycoon Jimmy Lai Chee-ying, currently facing sedition and collusion charges in Hong Kong, during the trade negotiation talks in Switzerland this weekend, according to international news agency, Reuters.

There is little chance of that ever happening. In the whole scheme of world conflicts and international trade negotiations, the trial of a Hong Kong man on sedition charges pales into insignificance. Just a leaf in a tea cup. And even if it did come up during the hard talk negotiations, the Chinese side will simply ignore it.

British-based Reuters boasts a readership of more than one billion people a day and is used by some 750 television broadcasters covering 115 countries. Yes, it does have reach and is influential. But it is also biased, like most of the western media towards China and Hong Kong.

Indeed, the Reuters release was picked up by most of the world’s media.  Bloomberg quoted Trump from the release’s account of a radio interview: “I think talking about Jimmy Lai is a very good idea. We’ll put it down and we’ll put it as part of the negotiations.”

Trump was responding to a question put by Republican political commentator Hugh Hewitt on his Hughniverse podcast on May 7.

During the negotiations on Hong Kong’s future in the 1980s, Reuters moved its regional headquarters from Hong Kong to Singapore as it had no faith in Hong Kong’s future. It still doesn’t, even though Hong Kong has fought off adversaries and doomsday prophets with a shield of truth and perseverance. The story of Hong Kong’s triumphs and successes have been retold many times.

Reuters reports: “The trial of Lai – a long-standing critic of the Chinese Communist Party – has shone a spotlight on a sweeping crackdown on dissent in Hong Kong following China’s imposition of a national security law in Hong Kong in 2020.”

The writers, both Hong Kong residents, were in Hong Kong and witnessed the bloody riots that prevailed at the time, but chose to side with the dissidents and their reportage thereafter has been colored by their own emotions. Gone are the days of balanced, unbiased reporting, especially with such a reputable news organization.

But the story is continually fuelled by Lai’s son, Sebastien and his public relations team of barristers at Doughty Street Chambers in London.

On World Press Freedom Day last week, Fox News devoted a segment to Sebastien who noted that in 1995 Lai senior founded Apple Daily…which quickly “became a beacon for free speech.”  Every Hong Konger knows that Apple Daily was launched on a platform of sex, gossip and more sex. It was a sleaze newspaper, known in the west as the “yellow press.”  In its early days it had no political bias. It was not until he ran foul with the Beijing authorities over regulations concerning his Giordano store that his attitude changed towards Beijing and anything relating to authority.

Sebastien summed up his father as “an immigrant who never quite fit in.”

In this final plea, Sebastien sought the release of his father, even before a verdict has been reached in his trial, so that he “can leave Hong Kong and be with his family.”

Lai faces three charges: two counts of collusion with a foreign country or with external elements to endanger national security and one count of conspiracy to publish a seditious publication.

Jimmy Lai wrapped up his testimony on March 6 after taking the witness stand for 52 days. The trial is set to hear closing arguments on August 14, which are expected to last eight days.

But again, the western press smeared the judiciary before the trial even began. The infamous BBC lauded: “Mr Lai cannot expect a fair trial in today’s Hong Kong…”

It quoted Doughty Street barrister Jonathan Price, a member of Lai’s so-called international legal team saying that the fundamental principle of the rule of law in Hong Kong has eroded and that “everybody knows there’s only going to be one result.”

Mr Price, his colleagues in Doughty Street Chambers and the BBC should be reminded that Hong Kong’s judiciary ranks No.23 out of the 142 jurisdictions in the authoritative World Justice Project last year and even higher ratings in World Economic Forum earlier findings.

Mark Pinkstone

** The blog article is the sole responsibility of the author and does not represent the position of our company. **

Hong Kong is facing a dilemma as more locals are spending their dollars outside of the city than what the visitors are bringing in.

Relaxed visa/permit restrictions for locals and foreign residents alike is making it easier for travel to the mainland while inbound traffic crossing the boundary is low budget and spending less on accommodation and food.

Tourism is an important pillar for Hong Kong’s economy. In pre-COVID times, tourism accounted for about four per cent of the territory’s Gross Domestic Product (GDP) and provided for about six per cent of total employment.

In Hong Kong’s heydays, the city saw about 65 million tourists in 2018, of which 51 million came from the mainland. It was boom time for retailers and restaurants. Long queues of mainland shoppers would line the streets along Canton Road and elsewhere waiting to buy luxury items from Gucci, Prada, Tiffany’s and other high-end stores which set up shop in Hong Kong to tap this lucrative market.

Today many restaurants and retail outlets are closing down, especially in the boundary towns of Sheung Shui and Yuen Long. The market is no longer there, and high rental costs make it almost impossible to survive.

During the 2025/2026 festive season, Hong Kong saw a 25.6 per cent rise in inbound trips on New Year’s Day 2026 (664,338 trips), but this was still countered by a massive 515,954 outbound exits on the same day.

Winston Yeung, chair of the Hong Kong Federation of Restaurants & Related Trades, told local media that business was sluggish during the Christmas holiday, with some restaurant owners calling it “the slowest business at Christmas over the past 10 years.”

Unfortunately, the local market is not propping up the tourism outlets. Instead, the locals are traveling in large numbers to Shenzhen and Macau and other parts of China for day trips or extended holidays, thereby providing a leakage in the local economy.

While Hong Kong received more than an estimated 45 million visitors last year, more than about 100 million departures were recorded by the Immigration Department of locals leaving Hong Kong by plane, train or bus mainly to the mainland (75 per cent), and to other major Asian destinations.

Hong Kong has 320 hotels offering 92,907 rooms, according to the Hong Kong Tourism Board. Despite mainlanders’ choice of more budget accommodation, occupancy rates for the hotel industry remained high at 88 per cent last year. The major hotels are not affected by the change in mainlanders’ preferences as they rely more on the affluent international tourist, visiting Hong Kong for business, conventions or holidays.

Property developer, Caldwell Banker Richard Ellis (CBRE) says Hong Kong’s hospitality market currently presents various investment-ready assets including rare investment opportunities for upper upscale and luxury hotels. These high-end properties are particularly attractive due to their resilience, as they are less reliant on Chinese group travelers and enjoy sustained spending power among affluent individual travelers and international visitors. This makes them attractive for investors seeking stable returns in a dynamic market.

To encourage locals to spend more at home and at the same time provide a bonus for tourists, Hong Kong has organised a series of mega events, many held in the new sports stadium on the site of the old Kai Tak airport in Kowloon. Traditional events in 2026 will include the French May Arts festival in March, Hong Kong Book Fair in July, Hong Kong performing Arts Expo in October, the World Snooker Grand Prix in February, and, of course, the international dragon boat races in June.

Blockbusters will include BlackPink World tour in January, the Hong Kong marathon, which draws in runners and their supports from around the world, and the Hong Kong Tennis Open also in January.

That is good for the inbound and outbound tourists alike. But more needs to be done to tip the tourism scales to a surplus for Hong Kong’s economy to grow at a faster pace. As the saying goes charity starts at home, so it is up to us as local residents who have reaped the benefits of the city to spend more in local restaurants and retail outlets than spend it elsewhere. Support local enterprises. After all, the restaurants in Hong Kong are ranked among the best in the world and are tax free as against a value-added tax applied to restaurants and shops in the mainland.