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His business could have been severely hit by the coronavirus pandemic, but he has been able to continue it thanks to rail freight services between China and Europe.

Hong Kong solicitor Kennedy Wong Ying-ho told China Daily on Wednesday that the National People's Congress Standing Committee's decision to allow the sixth-term Hong Kong Legislative Council to continue to serve for no less than a year is made out of respect for "one country, two systems" and "Hong Kong's high degree of autonomy".

Ho also said the flight transfer service in the Macao International Airport will be suspended.

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Hong Hao, chief strategist at BOCOM International Ltd, said the solid earnings performances of large-cap shares can be among the reasons for Monday's rise.

Hong Kong residents took to the streets during the weekend to clear roadblocks and debris left by rioters on major roads, after the most chaotic week since a series of violent protests erupted in June.

His company, Sense Media, was bought by DX.com, a Hong Kong-listed company engaged in cross-border e-commerce this year.

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Hong Kong saw another day of chaos as travelers struggled to catch their flights at Hong Kong International Airport on Sunday after rioting protesters moved to paralyze transportation links to the city's aviation hub despite a judicial injunction.

Ho was posthumously awarded the title “Righteous Among the Nations” by Israeli organization Yad Vashem in 2001 and made an honorary citizen by the Israeli government in 2007.

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Hong Kong residents held citywide celebrations on Wednesday. People were seen singing the national anthem and waving national flags at several iconic spots across the city, including Victoria Peak, a landmark of the financial hub, and the Big Buddha－the world's largest outdoor sitting Buddha statue－at Po Lin Monastery.

Home sales in metros are sluggish even in the Chinese New Year that began on Feb 16, and resilient in lower-tier cities. The trend is expected to continue, industry experts said.