Beijing Vows To Deter 'external Interference' In HK
"); jQuery("#212 h3").html("

"); });
2021-03-05 HKT 10:48
Premier Li Keqiang said on Friday that China will “resolutely guard against and deter external forces’ interference in the affairs of Hong Kong and Macau”.
The state leader made the remarks at the opening of the annual plenary session of the National People’s Congress (NPC), adding the central government will “stay true to the letter and spirit of the principle of One Country Two Systems”.
He said Hong Kong people will continue to rule Hong Kong with a high degree of autonomy.
The premier added that Beijing will “improve” the systems of Hong Kong and Macau for enforcing the Chinese constitution and the Basic Laws of the two SARs, and ensure laws are implemented and enforced to safeguard national security in the two cities.
While he did not give details, speculation is rife that Beijing will reform Hong Kong's political system in a way that would reduce the political leverage of the opposition camp.
A draft decision on improving the electoral system of Hong Kong has already been submitted to the NPC on Friday for discussion.
Li, meanwhile, said the central government will support the SARs’ economic growth.
On Taiwan, the state leader said Beijing is committed to the one-China principle and the 1992 consensus, adding Beijing will “remain highly vigilant against and resolutely deter any separatist activist seeking ‘Taiwan independence’”.
His comments came shortly after the mainland banned the import of pineapples from Taiwan citing the discovery of bugs on the fruit, but analysts say the move could have huge implications on cross-strait trade ties.
ZA Bank Brings Nasdaq Data To Hong Kong, Expanding US Stock Access And Investor Education
ZA Bank and Nasdaq have announced a collaboration aimed at enhancing digital wealth management in Hong Kong and interna... Read more
Hong Kong To Study One‑Stop Infrastructure For Equities, Bonds And Digital Assets
The Hong Kong Monetary Authority’s (HKMA) CMU OmniClear and the Hong Kong Exchange (HKEX) are set to begin a study on... Read more
Hong Kong To Issue First Stablecoin Licenses In March, Expand Crypto Regulation
Hong Kong will issue its first licenses for fiat-referenced stablecoin issuers in March and introduce new legislation l... Read more
MSIG Joins US$6B IFC Credit Insurance Facility To Boost Emerging Market Lending
MSIG USA and Mitsui Sumitomo Insurance (MSI Japan), together referred to as MSIG, have joined a new insurance-ba... Read more
Why The $2 Trillion Stablecoin Prediction Is Too Low
McKinsey estimates the stablecoin market will hit $2 trillion by 2028. But according to Sam Lin, COO of dtcpay, even th... Read more
RedotPay Eyes US IPO With Potential US$1 Billion Raise
RedotPay is reportedly exploring an IPO in the US that could raise more than US$1 billion, according to people famili... Read more