NPC Chairman Praises HK's Electoral Overhaul
"); jQuery("#212 h3").html("

"); });
2022-03-08 HKT 12:43
The chairman of the National People's Congress (NPC) Li Zhanshu on Tuesday said the constitutional order and rule of law in Hong Kong were strengthened last year to better ensure the central government exercises its comprehensive jurisdiction over the SAR.
Delivering his annual work report during the ongoing NPC session in Beijing, Li referred to the overhaul of the electoral system of Hong Kong, which includes the vetting of candidates running for public office and increasing the number of seats in the Legislative Council.
"For the new election law, it makes sure patriots govern Hong Kong. It fundamentally promoted the HKSAR’s governance based on the country's constitution and the Basic Law, and that ensures the genuine implementation of the policy of One Country, Two Systems," Li told NPC deputies.
"It has initiated a new phase of our support for the long-term prosperity and stability in Hong Kong and for Hong Kong’s integration into China’s overall development.”
In the work report, the NPC chairman also said China's legislature had engaged in communications with the parliaments in a number of countries to promote substantial cooperation on issues related to Tibet, Xinjiang, Hong Kong, Taiwan, the South China Sea, Covid-19 and human rights.
"We have clarified China’s positions on those issues and fought against subversion and other illegal activities. We remain committed to fighting any of the activities that aim at subverting the socialist system of China,” he said.
EDENA Unveils AI System To Automate Sovereign Asset Settlement
At the DAT Summit Hong Kong, EDENA Capital Partners launched the Autonomic Financial OS. The company describes it as an... Read more
Naver Exposes 15,000 Knowledge IN Users Activity, Moves To Improve Privacy Controls
Naver has announced measures following an incident in which around 15,000 users’ activity histories on Knowledge iN w... Read more
Japans PayPay Files For US IPO, Targets Valuation Above US$10B
SoftBank‘s digital payments unit, PayPay, has filed publicly for a US IPO. The listing could be the largest by a Japa... Read more
Inference Research Launches In Hong Kong With US$20M Seed Funding
Inference Research, an AI-native quantitative trading firm based in Hong Kong, has announced its launch and the expecte... Read more
London-Based Unlimit Appoints Michele Fung To Lead APAC Expansion
London-based fintech company Unlimit, which provides a broad range of financial technology services, has appointed Mich... Read more
SoFi Launches Digital Asset Trading In Hong Kong Through OSL Partnership
SoFi Securities (Hong Kong) (SoFi Hong Kong) and OSL Group have announced a partnership to offer digital asset trading ... Read more