Bar Association Writes To NPCSC Over New Law
"); jQuery("#212 h3").html("

"); });
2020-06-03 HKT 11:45
The Bar Association has made public a letter it has written to the National People's Congress Standing Committee (NPCSC) urging it to consult the Hong Kong people about the national security legislation being drawn up for the city.
Writing on behalf of the association, chairman Philip Dykes says they believe "meaningful public consultation" on the new law is "crucial".
"Whilst the proposed legislation is yet to be drafted by the NPCSC, having regard to the momentous significance of the proposed legislation, the said [NPC] decision has already generated widespread concern within the local community," he writes.
"The proposed legislation, once promulgated, will affect the entire seven-million strong population in the HKSAR, including resident overseas nationals and businesses."
"We hope to be provided with a copy of the draft legislation when it is ready, to consider the same and give constructive comments on its form and content," Dykes says.
Dykes also notes in the letter that Article 18 of the Basic Law states that national laws shall not be applied in Hong Kong except for those added to Annex III, and these laws shall be confined to those relating to defence, foreign affairs and matters outside the limits of the SAR's autonomy.
Last week, the association issued a statement saying it had found a number of "worrying problems" regarding the national security law plan, not least that it believes Beijing has no power to impose the legislation on Hong Kong.
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
