Govt Rejects AmCham Concerns Over Security Law
"); jQuery("#212 h3").html("
"); });
2020-05-28 HKT 02:38
Share this story
The government on Wednesday told the American Chamber of Commerce that it's "unhelpful" to spread rumours and fear or speculate on the details of Beijing's national security law for Hong Kong when it's not even been drafted yet.
The chamber has raised concerns that the law could jeopardise business prospects and stoke fears among foreign nationals over their safety.
But in a statement responding to the concerns, the government said the vast majority of law-abiding residents and overseas investors have nothing to fear.
It also dismissed the chamber's concern that the local legislative process has been bypassed, pointing out that national security legislation is always the prerogative of the state.
HKMA Warns Of Fake Stablecoins As Licensed Issuers Have Yet To Launch Tokens
The Hong Kong Monetary Authority (HKMA) has warned the public about fake stablecoins in Hong Kong, specifically flaggin... Read more
Tazapay Secures Money Service Operator License In Hong Kong
Singapore-based cross-border payments company Tazapay has secured a Money Service Operator (MSO) license in Hong Kong. ... Read more
Livi Bank Posts First Full-Year Profit In 2025 As Loans Rise 49%
Hong Kong digital bank livi bank reported a full-year profit of HK$21 million for 2025. For the year, total operating i... Read more
FWD Group Reports US$720M In New Business Sales As Expansion Continues
FWD Group reported a 4% year-on-year increase in new business sales to US$720 million for the first quarter of 2026, dr... Read more
WeLab Bank 2025 Revenue Hits HK$942M After Securing First-Half Profitability
WeLab Bank achieved profitability in the first half of 2025 and reported a 35% year-on-year revenue increase to HK$942 ... Read more
Ripple And Kbank Roll Out Institutional Digital Asset Wallet In South Korea
Ripple has partnered with Kbank to deploy an institutional digital asset wallet in Korea, equipping the internet bank w... Read more