Laws To Be Amended To Combat Spying: Chris Tang
"); jQuery("#212 h3").html("

"); });
2022-01-26 HKT 14:12
Security Secretary Chris Tang on Wednesday said the Official Secrets Ordinance will be amended to better tackle espionage in Hong Kong.
Speaking at a Legislative Council meeting, he said certain countries have been attempting to engage in activities to endanger national security in the territory, with the social unrest in 2019 being a "vivid example."
The security minister told lawmakers that the administration currently relies on the national security law and the Official Secrets Ordinance to tackle espionage, adding that the latter is too limited in scope and needs to be revised.
"In the existing Official Secrets Ordinance, the definition of espionage work is rather limited. It covers the approach of prohibited places and the making of information useful to the enemy," Tang said.
"We feel that these definitions are not enough for us to combat all manners of espionage activities and risks arising from these."
He said the legislation will be amended at the same time as officials draft more laws against acts that endanger national security under Article 23 of the Basic Law.
Tang said officials plan to submit the proposals to Legco for scrutiny in the second half of the year.
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