EU's Claims On Election Overhaul 'unfounded': Govt
"); jQuery("#212 h3").html("

"); });
2021-06-10 HKT 21:20
The Hong Kong government on Thursday hit back at the European Union, saying the bloc had made what it called "unfounded accusations" on Beijing's overhaul of the SAR's political system.
Earlier in the day, the EU released a statement denouncing the sweeping changes as a breach by China of its international commitments.
It also pledged to increase support for the SAR's civil society, promote the freedom of expression here, and facilitate the movement of Hong Kong citizens.
However, a SAR government spokesman said the EU's claims were "misleading" and accused it of having "ulterior motives”, adding that the changes to the electoral system were both timely and necessary.
"Anti-China forces had created chaos in the Legislative Council, paralysed the operation of the government, and even colluded with external forces to undermine Hong Kong's safety and interests. No country or government could turn a blind eye to such dangers," the spokesperson said in a statement.
The spokesman added that it's "hypocritical" for the EU to attack China by creating issues in Hong Kong using the pretext of human rights, democracy and autonomy.
He called on the international community to stop interfering with the city's affairs.
After the election overhaul, the number of directly-elected seats at the Legislative Council will be drastically reduced, and people who wish to stand in elections will have to be vetted by top government officials to ensure they are “patriots”.
They will also be required to secure nominations from members of an Election Committee, expected to be dominated by the pro-Beijing camp.
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
