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 And Standard Chartered Venture Reportedly Among First For Hong Kong Stablecoin Licenses
People familiar with the matter say HSBC and a joint venture led by Standard Chartered will likely be among the first f... Read more
Hong Kong Taxi E-Payment Adoption Surges, Hits 90% Ahead Of April 2026 Mandate
The taxi industry is moving decisively toward digital payments as the mandatory Hong Kong taxi e-payment requirement, s... Read more
SUNRATE Renames China Payment Unit Following Regulatory Approval
SUNRATE has changed the name of its China-licensed entity from Transfar Pay to SUNRATE Pay following following regulato... Read more
Bithumb Could Face Six-Month Business Suspension Over AML Breaches
Financial authorities plan to impose significant sanctions on virtual asset exchange Bithumb for breaching anti-money l... Read more
HSBC Hong Kong Enables Digital Consolidation Of Multiple Passbooks
HSBC Hong Kong has introduced a new Passbook Consolidation feature on the HSBC HK App, allowing customers to view and m... Read more
PAObank Launches Flexible Wealth Service For Retail Customers
PAObank has launched a new wealth service, offering a dual-advantage solution that allows customers to switch between i... Read more
