One Country, Two Systems Is Over: Chris Patten
"); jQuery("#212 h3").html("

"); });
2020-06-30 HKT 17:20
Hong Kong's last governor, Chris Patten, said on Tuesday that Beijing's passage of the national security law for Hong Kong means One Country, Two Systems has come to an end.
In a statement issued by the UK-based pressure group Hong Kong Watch, Patten said the legislation will "throttle" the city's rule of law.
"This decision, which rides rough-shod over Hong Kong's elected legislature, marks the end of one-country, two-systems. It is a flagrant breach of the Sino-British Joint Declaration – a treaty lodged at the United Nations – and Hong Kong's mini constitution, the Basic Law," he said.
"It will throttle the city's rule of law, presenting a major confrontation between what passes for law in China and the common law system in Hong Kong which has allowed the city to function as one of the most important financial hubs in Asia."
Patten added that Hong Kong's separation of powers is "in danger of being shattered" and the courts "politicised" by the move to allow the Chief Executive to choose which judges sit on national security cases.
Is Hong Kongs Default Life Insurance Choice A Wealth Drain?
Hong Kong is a city that takes financial security seriously, boasting one of the highest insurance penetration rates in... Read more
RedotPay Secures $107M Series B, Total Funding Hits $194M
RedotPay, a global stablecoin-based payment fintech, has closed a US$107 million Series B round, bringing its total cap... Read more
91% Of Hong Kong Merchants Lose Revenue To Payment Friction
Aspire has released its Hong Kong Ecommerce Pulse Check 2025, highlighting that while mid-sized ecommerce merchants rem... Read more
Do Kwon Faces Possible Trial In Korea After US Conviction
Do Kwon, the crypto tycoon behind the 2022 collapse of TerraUSD and Luna, caused an estimated US$40 billion in investor... Read more
Startale, SBI Holdings To Develop Japans Regulated Yen Stablecoin
Startale Group and SBI Holdings have signed a MoU to jointly develop and launch a fully regulated Japanese yen-denomina... Read more
KakaoBank Expands In Indonesia Through Superbank Partnership
KakaoBank, South Korea’s largest internet-only bank, is accelerating its global expansion through a deepened partners... Read more
