Next Digital chairman Jimmy Lai leaves Mong Kok police station after being released on bail on August 12. Photo: Bloomberg
The View by Richard Harris
Why the extraordinary Next Digital share price surge after Apple Daily’s Jimmy Lai was arrested?
The market narratives surrounding the move have been confused, implausible and unconvincing. Rumours of pro-democrat or American support make no sense, given the numbers. Could it be a surge of mainland money in anticipation of a TikTok-style sell-off?
Richard has pioneered Asian investment management at senior levels for companies such as JP Morgan, Citi, BNY Mellon and several start-ups. He has 40 years of experience in a full range of investment and capital markets activities. He is CEO of Port Shelter Investment Management.