New Legislation Will End Violence In HK: State Media

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

"); });
2020-05-21 HKT 22:34
State media said on Thursday that it is "absolutely necessary" for the National People's Congress to fulfill its obligation to guarantee national security with regards to Hong Kong, given the "seemingly unstoppable violence" and "rise of secessionism in the city, fanned by foreign powers".
An editorial in the Communist Party-run China Daily said there was "nothing untoward" in asking the country's legislature to strengthen the legal framework with regard to Hong Kong, being as all countries attach the utmost significance to national security.
It said those who will find the news "encouraging and comforting" are people who cherish the rule of law and stability and prosperity of Hong Kong, while critics will "mostly have an axe to grind when it comes to the Chinese mainland".
"What has happened in Hong Kong since June last year indicates that the legal system in the SAR is not only weak with regard to national security, as its limited number of relevant articles are scattered among various laws and regulations, some of which date back to British rule and many of which have been left in a state of dormancy since then, but also frail in its law enforcement power which has been unable to quell the unrest," the newspaper said.
It said the new legislation will not only provide the necessary legal guarantee for the state to exercise its power to protect national security, but will also make sure the SAR government can safeguard public order by helping it close the "loopholes in its legal system".
The commentary added that the national legislation will provide the legal basis for concrete action to check the "escalation of violence in the SAR".
China CITIC Bank Launches Payment Connect Services To Support Cross-Border Transactions
China CITIC Bank International Limited (CNCBI) has announced it will introduce services and a customer offer related to... Read more
Eddid Financial Secures SFC Approval For Digital Asset Services
Hong Kong’s Eddid Financial has announced that its subsidiary, Eddid Securities and Futures, has received approval fr... Read more
Hong Kong Customs Uncovers HK$1.15B Virtual Asset Money Laundering Scheme
Hong Kong Customs has uncovered a suspected money laundering operation involving cash smuggling and virtual assets tota... Read more
Lendela Partners With TransUnion To Launch Free Credit Score Tool In Hong Kong
Lendela, a loan matching platform based in Hong Kong, has partnered with credit reference agency TransUnion through a c... Read more
Hex Trust Appoints Rohit Apte As Head Of Markets
Hex Trust, a digital asset financial institution specialising in custody, staking, and markets services, has appointed ... Read more
Scaling Across APAC: Why Cross-Border Payments Matter More Than Ever
In today’s digital-first economy, the Asia-Pacific (APAC) region has emerged as a global hotspot for fintech innovati... Read more