Government 'deplores And Opposes' UK Offer
"); jQuery("#212 h3").html("

"); });
2020-07-23 HKT 22:11
The government has sharply criticised the UK government for offering a path to British citizenship for around three million Hong Kong people.
In what it described as a solemn statement, the government said it deplores and opposes the UK's new policy to ease the path to citizenship for those with BNO status.
It said that when the Sino-British Joint Declaration was signed in 1984, the two sides exchanged memoranda in which Britain clearly pledged not to confer the right of abode in the UK on BNO passport holders who are Chinese nationals in Hong Kong.
It said it was hypocritical for London to deliberately violate its pledge, calling it a "political manoeuvre".
The government also said it supports an announcement from the ministry of foreign affairs in Beijing, which said China would consider not recognising BNO passports as valid travel documents and reserves the right to take further measures.
The SAR government said it would follow up accordingly.
The new policy from the UK government, as well as an earlier decision to suspend an extradition agreement with the SAR, came as a response to Beijing's imposition of the new national security law here, which Britain says breaches the terms of the Joint Declaration.
The Hong Kong government called on the UK to stop interfering in the affairs of the SAR, and return to, what it called, "the normal tracks".
China To Inject US$44 Billion Into State Banks To Boost Tech And Curb Risks
China said it will inject 300 billion yuan (US$44 billion) into state-owned banks this year to guard against systemic r... Read more
Hong Kong Regulators Expand GenAI Sandbox To Insurance, Securities And MPF Sectors
The Hong Kong Monetary Authority (HKMA), Securities and Futures Commission (SFC), Insurance Authority (IA), and Mandato... Read more
South Korea To Cap Crypto Exchange Ownership At 20%
South Korean regulators and lawmakers have agreed to cap major shareholder stakes in cryptocurrency exchanges at 20%, d... Read more
DBS Hong Kong Partners With Know Your Customer To Automate SME Onboarding
Know Your Customer Limited, a provider of automated business verification solutions, has partnered with DBS Hong Kong t... Read more
Hong Kong Banks Extend Loan Repayment Relief For Tai Po Fire Victims
The Hong Kong Monetary Authority (HKMA) and the Hong Kong Association of Banks (HKAB) have met to discuss additional su... Read more
Hong Kong And Macao Deepen Financial Cooperation With Updated Agreement
The Hong Kong Monetary Authority (HKMA) and the Monetary Authority of Macao (AMCM) held a meeting on March 3 to strengt... Read more
