HK Must Be Prepared For New CIA Unit: Chris Tang
"); jQuery("#212 h3").html("

"); });
2021-10-08 HKT 18:02
Security Secretary Chris Tang says Hong Kong needs to get prepared for the new China Mission Centre which the US Central Intelligence Agency (CIA) is setting up.
The American spy agency announced the creation of the centre on Thursday, saying it would strengthen its work on China.
Tang didn't elaborate on what the SAR administration will do, but said espionage will be covered by new national security legislation that officials are working on.
"Smart Hongkongers will know what kind of ways the CIA's China Mission Centre would use to gather intelligence. We have to be prepared," he said.
"In safeguarding the national security as well as the security of Hong Kong, we have to have a robust intelligence system, which will be supported by our operational unit. We also have to look at relevant legislation. That's why we have to revive Article 23," Tang added.
He said the national security law Beijing introduced in Hong Kong last year only covers two of seven types of offences set out in Article 23 of the Basic Law, and existing laws aren't enough to tackle acts that endanger national security.
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