Law To Allow Mainland Security Agents Into HK
"); jQuery("#212 h3").html("

"); });
2020-05-22 HKT 10:27
Beijing intends to draw up a law to "prevent, stop and punish" any acts of secession, subversion or terrorism activities in Hong Kong that threaten national security, with mainland agencies free to set up bases in the SAR if they wish.
A resolution to be voted on by NPC delegates would also authorise the NPC Standing Committee to legislate against intervention by foreign forces in Hong Kong affairs, with the legislation to be added into Annex 3 of the Basic Law.
In order to ensure national security isn't compromised, the resolution says any relevant Beijing departments would be able to set up organisations in Hong Kong "according to needs".
NPC vice-chairman Wang Chen said the SAR government has failed to bring in national security legislation under Article 23 of the Basic Law, and the issue has been "demonised".
He said there is a risk that the matter will be stalled for a long time, but the risks to national security have been brought clearly into focus since social unrest broke out in Hong Kong last year.
HSBC Tests Blockchain-Based Issuance For Structured Products In Hong Kong
HSBC has completed a private placement of its first digitally native structured product in Hong Kong. The bank issued U... Read more
OSL Group Secures Austrian MiCAR License To Expand European Crypto Services
OSL Group has secured authorisation as a Crypto-Asset Service Provider (CASP) from the Austrian Financial Market Author... Read more
SFC Requires Brokers And Crypto Platforms To Stop Using OTPs For Client Login
The Securities and Futures Commission (SFC) has ordered internet brokers and virtual asset trading platforms in Hong Ko... Read more
Hang Seng Bank Integrates Alipay+ For Cross-Border QR Payments
Hang Seng Bank has partnered with Alipay+ to enable its customers to make cross-border QR payments directly through the... Read more
Animoca Brands And Visa Pilot AI Agent Shopping In Hong Kong
Animoca Brands has completed a live pilot of AI-powered commerce capabilities in Hong Kong, developed in collaboration ... Read more
GIM Closes US$20M Series A To Build Agentic AI Systems For Capital Markets
Grace Investment Machine (GIM) has secured US$20 million in a Series A funding round to develop agentic AI systems for ... Read more
