G7 Powers Urge China To End 'oppression' In HK
"); jQuery("#212 h3").html("

"); });
2021-03-13 HKT 05:10
Group of Seven powers on Friday demanded that China honour commitments in Hong Kong and end "oppression" against democratic activists after Beijing forced sweeping changes of the city's election system.
Beijing's rubber-stamp parliament on Thursday passed reforms that said that only "patriots" can run the city, which was guaranteed a separate system before Britain handed over control in 1997.
"Such a decision strongly indicates that the authorities in mainland China are determined to eliminate dissenting voices and opinions in Hong Kong," Britain, Canada, France, Germany, Italy, Japan and the United States as well as the European Union said in a joint statement.
The G7's top diplomats said they "call on China and the Hong Kong authorities to restore confidence in Hong Kong's political institutions and end the unwarranted oppression of those who promote democratic values."
"The people of Hong Kong should be trusted to cast their votes in the best interests of Hong Kong. Discussion of differing views, not silencing of them, is the way to secure the stability and prosperity of Hong Kong," they said.
Beijing has brushed aside earlier international warnings on Hong Kong and last year pushed through the national security bill used to detain activists.
The actions came after Hong Kong was rocked by massive and sometimes violent protests in 2019 against Beijing's encroachment on the financial hub's unique freedoms. (AFP)
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
