Don't Panic Over New HK Law: Foreign Ministry Chief
"); jQuery("#212 h3").html("

"); });
2020-05-25 HKT 17:26
The Foreign Ministry office in Hong Kong said on Monday that the new national security law for the city will only affect a small number of residents, and for everybody else "there is absolutely no need to panic".
Xie Feng, commissioner of the Ministry of Foreign Affairs in Hong Kong, made his remarks during a speech on the proposed national security legislation, in which he sought to reassure foreign investors they would not be affected.
He said some actions during the pro-democracy protests have been "terrorist in nature" and "troublemakers" have colluded with foreign forces, posing "imminent danger" to national security.
"The legislation will alleviate the grave concerns among local and foreign business communities about the violent and terrorist forces," Xie said.
His comments added to a chorus of strengthening government rhetoric against pro-democracy protesters who fear the law will limit people's rights and freedoms.
But Xie said rights will be preserved.
"Do not be intimidated or misled, exploited by those with ulterior motives and in particular, do not be a rumour monger yourself, or join the anti-China forces in stigmatising or demonising the legislation," he said, addressing "law-abiding citizens and foreign internationals who love Hong Kong". (Reuters)
HSBC Launches TradeCash In Hong Kong To Accelerate Trade Finance Access
HSBC has launched a digital trade finance tool called HSBC TradeCash, allowing businesses in Hong Kong to upload sales ... Read more
HKEX And HKMA Launch Pilot On E-HKD For After-Hours Margin Payments
Hong Kong Exchanges and Clearing Limited (HKEX) and the Hong Kong Monetary Authority (HKMA) have launched a joint pilot... Read more
Can You Trust AI Agents To Stay Within Your Intent?
Checking someone’s ID at the door of a nightclub tells you who they are, but it does not tell you how they will behav... Read more
China CITIC Bank Taps Tencent Cloud For Fintech 2.0 Banking Push In Hong Kong
Tencent Cloud has signed a strategic cooperation agreement with China CITIC Bank International (CNCBI) to support the d... Read more
Payful Launches Cloud-Based Visa Charge Card Programme Via BPC SmartVista
Chinese cross-border payment company Payful has launched a cloud-native Visa charge-card programme for corporate and me... Read more
Hong Kong Banking Taskforce Convenes To Plan Northern Metropolis Financing
The Northern Metropolis Financial Advisory Taskforce held its inaugural meeting on 17 June to discuss the financing nee... Read more
