New Law Will Be 'tailor-made' For HK: Albert Chen

"); jQuery("#212 h3").html("

Related News Programmes

"); });

2020-05-23 HKT 19:41

Share this story

facebook

  • Professor Albert Chen says he expects Beijing officials will make reference to Hong Kong's shelved national security bill. File photo: RTHK

    Professor Albert Chen says he expects Beijing officials will make reference to Hong Kong's shelved national security bill. File photo: RTHK

A pro-Beijing legal scholar said on Saturday that he believes the mainland’s national security laws won’t be the model for the proposed legislation for Hong Kong, but rather it would be a tailor-made one for the SAR.

Albert Chen from the University of Hong Kong said he expects the central government to make reference to the common law system as well as the shelved national security bill in Hong Kong since a lot of study was done in 2003.

Macau’s version of the national security legislation will also be studied on for example the definition and peanlty of secession and subversion, he added.

Chen believed the proposed legislation, to be directly promulgated in Hong Kong after it’s inserted to the annex three of the Basic Law, won’t have retrospective effect.

Professor Chen, who’s also a member of the Basic Law Committee, said the panel hasn’t been consulted yet, but he doesn’t rule out Beijing may send officials to Shenzhen or Hong Kong to collect views later.

Chief Executive Carrie Lam said on Friday that she’s afraid there won’t be any public consultation in Hong Kong since the law is being drafted in a state level.

Meanwhile a former chief economist of the Bank of Communications Law Ka-chung, warned that foreign companies may pull their funds in Hong Kong because of the proposed national security law.

He said if Hong Kong was no longer an international finance centre, it may not be able to raise capital in the long run.

RECENT NEWS

Chinese Regulator Approves Citis Plan For Its Own Securities Firm

Citi has received approval from the China Securities Regulatory Commission (CSRC) to set up a wholly owned capital mark... Read more

HSBC RedCoin Debuts On PayMe With Wider Stablecoin Rollout Planned

HSBC has launched HSBC RedCoin, its first stablecoin, on the PayMe mobile payment app in Hong Kong. Denominated in Hong... Read more

Unlimit Joins Hong Kong Governments Strategic Enterprise Partners

Unlimit has signed a partnership agreement with the Hong Kong Government, which named the global financial infrastructu... Read more

Is Your Crypto Safe If Your Custodian Goes Bankrupt?

No institution moves into digital assets until it knows who will hold them and what happens to those assets if that cus... Read more

EleBank Opens First Physical Store In Hong Kong

Hong Kong digital bank EleBank has opened its first physical store in Causeway Bay as it expands beyond online banking ... Read more

Taiwan Blocks Grabs US$600 Million Foodpanda Acquisition

Taiwan’s Fair Trade Commission (FTC) has blocked Grab’s proposed US$600 million acquisition of Delivery Hero’s fo... Read more