Bar Association Queries Structure Of Security Bill
"); jQuery("#212 h3").html("

"); });
2020-06-16 HKT 10:01
The chairman of the Bar Association said on Tuesday that Beijing's intention to take control of the most serious national security cases in Hong Kong amounts to a "reverse engineering" of the failed extradition bill.
The bill has caused widespread protests in the SAR amid concerns people could be taken across the border to be tried.
Philip Dykes was commenting after a deputy director of the Hong Kong and Macau Affairs Office (HKMAO) indicated that Beijing might exercise jurisdiction in rare cases.
Dykes said the proposed national security law sounded like a weird hybrid between common and mainland law, stressing that he had not yet seen details of what was proposed.
"At the moment it sounds like a reverse engineering of the ill-fated extradition bill. Rather than you going to the mainland, the mainland comes to you," Dykes told RTHK.
HKMAO deputy director Deng Zhonghua said on Monday that Beijing must be able to exercise jurisdiction over the most serious national security cases that arise in Hong Kong, but SAR authorities should be responsible for the majority of enforcement work and trials in relation to the upcoming national security legislation.
Deng said the mainland would need jurisdiction over "extremely rare cases" where national security has been severely threatened, adding that this would not undermine Hong Kong's independent judicial power, including that of final adjudication.
China To Inject US$44 Billion Into State Banks To Boost Tech And Curb Risks
China said it will inject 300 billion yuan (US$44 billion) into state-owned banks this year to guard against systemic r... Read more
Hong Kong Regulators Expand GenAI Sandbox To Insurance, Securities And MPF Sectors
The Hong Kong Monetary Authority (HKMA), Securities and Futures Commission (SFC), Insurance Authority (IA), and Mandato... Read more
South Korea To Cap Crypto Exchange Ownership At 20%
South Korean regulators and lawmakers have agreed to cap major shareholder stakes in cryptocurrency exchanges at 20%, d... Read more
DBS Hong Kong Partners With Know Your Customer To Automate SME Onboarding
Know Your Customer Limited, a provider of automated business verification solutions, has partnered with DBS Hong Kong t... Read more
Hong Kong Banks Extend Loan Repayment Relief For Tai Po Fire Victims
The Hong Kong Monetary Authority (HKMA) and the Hong Kong Association of Banks (HKAB) have met to discuss additional su... Read more
Hong Kong And Macao Deepen Financial Cooperation With Updated Agreement
The Hong Kong Monetary Authority (HKMA) and the Monetary Authority of Macao (AMCM) held a meeting on March 3 to strengt... Read more
