Foreign Ministry Rejects Stand News Case Criticism
"); jQuery("#212 h3").html("

"); });
2021-12-30 HKT 01:43
The Foreign Ministry's representative in the SAR has rejected as "misleading" criticism from the European Union's External Action Service and the Foreign Correspondents' Club of an operation by national security police against Stand News.
The online media outlet announced on Wednesday that it was ceasing operations and laying off all staff, hours after seven people linked to the group were arrested and $61 million worth of assets was frozen. Police said they were investigating whether articles and opinion pieces it published had breached the law.
A spokesperson for the Office of the Commissioner of the Foreign Ministry said comments from the EU's external affairs division and the FCC had "vilified Hong Kong's rule of law and freedom, and emboldened anti-China elements in Hong Kong".
The actions of the police and the arrests were in accordance with the rule of law and would safeguard national security, the rule of law and public order, the spokesperson said, according to the Xinhua news agency.
The FCC said in a statement earlier that the arrests were a "further blow to press freedom in Hong Kong" and would "continue to chill the media environment". The club said it was not commenting on the legality of the actions, but it urged the authorities to respect press freedom, as protected under the Basic Law.
A spokesman for the EU, Peter Stano, said in a tweet that the arrests marked a further deterioration in press freedom in the SAR.
The Foreign Ministry spokesperson added in response: "Facts cannot be twisted and the historical trend cannot be reversed.
"No slander can distort the fact that Hong Kong enjoys a highly-developed media sector and press freedom, nor can it prevent Hong Kong from opening a new chapter in transforming from chaos to stability and prosperity."
The spokesperson described as "black sheep" those who endanger national security and undermine the rule of law and public order under the cover of journalism, adding that such people were tarnishing press freedom and would be held accountable.
SBI Holdings To Acquire Bitbank In US$289M Crypto Expansion
SBI Holdings has agreed to acquire Japanese crypto exchange Bitbank in a deal valued at approximately US$289 million, w... Read more
4 Ways Hong Kong Banks Fight Financial Crime Using AI, According To HKMA
The Hong Kong Monetary Authority (HKMA) wants banks to use AI in financial crime as a way to counter cyberattacks and s... Read more
Ripple Launches RLUSD Stablecoin In Japan Through SBI Group
Ripple has launched its US dollar-denominated stablecoin, Ripple USD, in the Japanese market. The expansion follows reg... Read more
SBI And Startale Launch Trust Bank-Backed Yen Stablecoin JPYSC In Japan
SBI Group has introduced its trust based stablecoin JPYSC in partnership with Singapore-based fintech company Startale ... Read more
Visa Study: Digital Wallets Lead Greater Bay Area Payment Preferences
Visa has released its latest Consumer Payment Attitudes Study, highlighting how payment seamlessness is linked to a shi... Read more
European And South Korean Banks Form Project Pangea For FX Settlement
Chainlink, South Korean infrastructure provider FairSquareLab, the Unified Korea Alliance (UniKA), and European stablec... Read more
