New Zealand Suspends Extradition Treaty With HK
"); jQuery("#212 h3").html("

"); });
2020-07-28 HKT 08:24
New Zealand has suspended its extradition treaty with Hong Kong and made a number of other changes following China's decision to pass a national security law for the territory, Foreign Affairs Minister Winston Peters said on Tuesday.
"New Zealand can no longer trust that Hong Kong’s criminal justice system is sufficiently independent from China," Peters said in a statement.
"If China in future shows adherence to the ‘one country, two systems’ framework then we could reconsider this decision."
Beijing imposed the new legislation on the former British colony earlier this month despite protests from Hong Kongers and Western nations, setting the financial hub on a more authoritarian track.
Australia, Canada and the UK all suspended extradition treaties with Hong Kong earlier this month. US President Donald Trump has ended preferential economic treatment for Hong Kong.
Peters said New Zealand will treat military and dual-use goods and technology exports to Hong Kong in the same way as it treats such exports to China as part of a review of its overall relationship with Hong Kong.
Travel advice has been updated to alert New Zealanders to the risks presented by the new security law, he added.
China is New Zealand’s largest trading partner, with annual two-way trade recently exceeding NZ$32 billion (US$21 billion).
New Zealand's ties with China have frayed recently after the pacific nation backed Taiwan's participation at the World Health Organisation (WHO). (Reuters)
China To Inject US$44 Billion Into State Banks To Boost Tech And Curb Risks
China said it will inject 300 billion yuan (US$44 billion) into state-owned banks this year to guard against systemic r... Read more
Hong Kong Regulators Expand GenAI Sandbox To Insurance, Securities And MPF Sectors
The Hong Kong Monetary Authority (HKMA), Securities and Futures Commission (SFC), Insurance Authority (IA), and Mandato... Read more
South Korea To Cap Crypto Exchange Ownership At 20%
South Korean regulators and lawmakers have agreed to cap major shareholder stakes in cryptocurrency exchanges at 20%, d... Read more
DBS Hong Kong Partners With Know Your Customer To Automate SME Onboarding
Know Your Customer Limited, a provider of automated business verification solutions, has partnered with DBS Hong Kong t... Read more
Hong Kong Banks Extend Loan Repayment Relief For Tai Po Fire Victims
The Hong Kong Monetary Authority (HKMA) and the Hong Kong Association of Banks (HKAB) have met to discuss additional su... Read more
Hong Kong And Macao Deepen Financial Cooperation With Updated Agreement
The Hong Kong Monetary Authority (HKMA) and the Monetary Authority of Macao (AMCM) held a meeting on March 3 to strengt... Read more
