Security Ministry Vows To 'guide, Support' HK Police
"); jQuery("#212 h3").html("

"); });
2020-05-29 HKT 09:04
Beijing's public security ministry pledged to "guide and support" the Hong Kong police force after the National People's Congress approved a decision to impose a new national security law on the SAR.
The Ministry of Public Security (MPS) said it would use "all efforts to guide and support the Hong Kong police to stop violence and restore order", according to a statement released late on Thursday.
The MPS has no enforcement powers in the SAR.
Beijing says the national security law will aim to tackle secession, subversion, terrorism and foreign interference in Hong Kong, with details expected to be drawn up in the coming weeks.
The legislation has sparked fresh protests in Hong Kong, with democracy activists fearing it could erode the city's freedoms and jeopardise its role as a global financial hub.
The new legislation is also expected to enable Beijing to establish intelligence agencies in Hong Kong, including a domestic intelligence agency potentially involving the MPS and the Ministry of State Security, China's main intelligence agency. (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
