Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Finance
    3. >Hong Kong wraps up pro-democracy tycoon Jimmy Lai's security trial
    Finance

    Hong Kong Wraps up Pro-Democracy Tycoon Jimmy Lai's Security Trial

    Published by Global Banking & Finance Review®

    Posted on August 28, 2025

    4 min read

    Last updated: January 22, 2026

    Add as preferred source on Google
    The image illustrates the ongoing anti-government protests in Moldova, where fugitive tycoon Ilan Shor offers $3,000 monthly to participants. This controversial move aims to destabilize the pro-European government ahead of elections.
    Moldovan anti-government protests funded by Ilan Shor - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:securityfinancial institutionsinvestmentInternational tradefinancial markets

    Quick Summary

    Hong Kong court to announce verdict in Jimmy Lai's security trial, a significant case testing rule of law in the financial hub.

    Hong Kong Court to Announce Verdict in Jimmy Lai's Security Trial

    By Jessie Pang and James Pomfret

    HONG KONG (Reuters) -A Hong Kong court said it will deliver its verdict in media tycoon Jimmy Lai's national security trial at a later date, after closing submissions concluded on Thursday, in a case that has drawn global attention as a test of the rule of law in the Chinese-ruled financial hub.

    The 156-day trial, which began in December 2023, has become the most high-profile example of China's crackdown on rights and freedoms in the Asian financial hub under a sweeping national security law that was imposed after mass pro-democracy protests in 2019.

    When asked to give an indication of the verdict date, one of the three judges Esther Toh said this would be announced "in good time".

    The 77-year-old Lai, who is the founder of the now-shuttered pro-democracy Apple Daily newspaper, has pleaded not guilty to two charges of conspiracy to collude with foreign forces, and a charge of conspiracy to publish seditious material.

    Some countries such as the U.S. say the trial is politically motivated and have demanded Lai's immediate release. The Chinese and Hong Kong governments say he is being given a fair trial.

    Lai, who faces possible life imprisonment, stands accused of using the Apple Daily as a platform to conspire with six former executives and others to produce seditious publications between April 2019 and June 2021, and to collude with foreign forces between July 2020 and June 2021.

    He was accused of conspiring with activist Andy Li, paralegal Chan Tsz-wah and others to invite foreign countries, including the U.S., Britain and Japan to impose sanctions, blockades and other hostile activities against Hong Kong and China. He was also accused of financing advocacy group Stand with Hong Kong.

    During the submissions, Lai's lawyer Marc Corlett said there was no evidence his client directed or agreed with any of his alleged co-conspirators to continue such actions against Hong Kong and China after the security law took effect.

    Corlett described the accomplice witness Chan Tsz-wah as a "serial liar" while saying Li had engaged in activities that violated the NSL of his "own volition" without any involvement from Lai.

    He added that merely following the Twitter accounts of Stand with Hong Kong and another group critical of Beijing, the Inter-Parliamentary Alliance on China, did not amount to support for them.

    Another lawyer for Lai, Robert Pang, said the 161 articles cited by the prosecution were not seditious and the press should be given "greater latitude" of freedom of expression.

    "ARMCHAIR PUNDITRY"

    Another judge Alex Lee, said this case was about determining whether Lai made a request to foreign governments to place sanctions on Hong Kong and China, and had "nothing to do with journalism".

    Pang also said Lai's "armchair punditry" on social media and live chats were just "pure commentary", including one instance where Lai warned the only way for China to reconcile with the world would be when Communist Party leader Xi Jinping steps down.

    "He's commenting on world affairs, something that we see every day in cha chaan tengs or over the dim sum table," Pang said, referring to Hong Kong's famed diners and bite-sized dishes.

    But Justice Toh said a live online chat was very different from a talk between two old men over dim sum. She added freedom of expression has limits, citing examples in the U.S. and Britain of people being arrested for protests related to Palestine.

    "It's good to say la-di-da, freedom of expression is not illegal. Well, that's true, but it's not an absolute."

    (Reporting by Jessie Pang and James Pomfret; Editing by Clarence Fernandez and Saad Sayeed)

    Key Takeaways

    • •Hong Kong court to deliver verdict in Jimmy Lai's trial.
    • •Lai faces charges of conspiracy under national security law.
    • •The trial is a high-profile example of China's crackdown.
    • •Lai's defense argues lack of evidence for conspiracy.
    • •The case tests the limits of freedom of expression in Hong Kong.

    Frequently Asked Questions about Hong Kong wraps up pro-democracy tycoon Jimmy Lai's security trial

    1What are the charges against Jimmy Lai?

    Jimmy Lai faces charges of conspiracy to collude with foreign forces and sedition, stemming from his activities with the now-defunct Apple Daily newspaper.

    2What is the significance of Lai's trial?

    The trial is a high-profile example of China's crackdown on rights and freedoms in Hong Kong under the national security law, drawing international attention and criticism.

    3What do Lai's lawyers argue regarding the evidence?

    Lai's lawyer, Marc Corlett, stated there is no evidence that Lai directed or agreed with any co-conspirators, and emphasized that following critical Twitter accounts does not equate to support.

    4When will the verdict be announced?

    The court has not specified an exact date for the verdict, but one of the judges indicated it would be announced 'in good time'.

    5How have foreign governments reacted to the trial?

    Countries like the U.S. have described the trial as politically motivated and have called for Lai's immediate release, while the Chinese and Hong Kong governments maintain he is receiving a fair trial.

    More from Finance

    Explore more articles in the Finance category

    Image for Blaze at Russia's Baltic Sea port of Ust-Luga after major Ukrainian drone attack
    Blaze at Russia's Baltic Sea Port of Ust-Luga After Major Ukrainian Drone Attack
    Image for Morning Bid: Deal, or no deal?
    Morning Bid: Deal, or No Deal?
    Image for Labubu maker Pop Mart meets 2025 revenue expectations
    Labubu Maker Pop Mart Meets 2025 Revenue Expectations
    Image for Israel strikes Tehran as Trump says US negotiating to end war
    Israel Strikes Tehran as Trump Says US Negotiating to End War
    Image for South Korea, Germany exposed to rare earths shortage, Australia's Arafura says
    South Korea, Germany Exposed to Rare Earths Shortage, Australia's Arafura Says
    Image for Currency markets drift as traders sceptical of US efforts to end Iran war
    Currency Markets Drift as Traders Sceptical of US Efforts to End Iran War
    Image for Stocks bounce and oil retreats on Mideast ceasefire reports
    Stocks Bounce and Oil Retreats on Mideast Ceasefire Reports
    Image for Equinor CEO says EU unlikely to increase Russian gas imports
    Equinor CEO Says EU Unlikely to Increase Russian Gas Imports
    Image for Openreach taps Google AI to speed fibre rollout, cut emissions
    Openreach Taps Google AI to Speed Fibre Rollout, Cut Emissions
    Image for UK consumer sentiment falls as Iran war rages, KPMG says
    UK Consumer Sentiment Falls as Iran War Rages, Kpmg Says
    Image for US oil prices fall on prospect of Middle East ceasefire easing supply disruption
    US Oil Prices Fall on Prospect of Middle East Ceasefire Easing Supply Disruption
    Image for Lamborghinis stranded in Sri Lanka as war disrupts Asia's used-car trade 
    Lamborghinis Stranded in Sri Lanka as War Disrupts Asia's Used-Car Trade 
    View All Finance Posts
    Previous Finance PostNvidia CEO Says AI Boom Far From Over After Tepid Sales Forecast
    Next Finance PostAnalysis-Asia's Pledge to Boost US Farm Imports May Redraw Trade Flows