Taiwan Plans Safe Haven For Hong Kong People
"); jQuery("#212 h3").html("

"); });
2020-06-18 HKT 21:29
Taiwan will open a special office next month to deal with Hong Kongers wanting to move to the island, including those seeking sanctuary for "political reasons", the government said on Thursday.
The announcement comes after President Tsai Ing-wen pledged last month a humanitarian "action plan" for Hong Kongers pushing for democracy in the financial hub.
Tsai's government will cover "necessary expenses" for those who come to Taiwan because their freedom and safety are under threat, said Chen Ming-tong, chairman of the Mainland Affairs Council, the island's top China policy-making body.
"In the past the NGOs were basically doing that but now the government will stand up and finance the expense," Chen said.
Taiwan, a self-ruled democratic island, has received an influx of Hong Kong activists seeking shelter as Beijing cracks down on protesters in the financial hub.
Unrest flared again recently after Beijing announced plans to impose a sweeping national security law in the city, a move that has alarmed many Western governments and Taiwan.
The new office in Taipei will open on July 1 and part of its remit will be to handle applications from Hong Kongers seeking to stay in Taiwan for "political reasons", Chen said.
Tsai's cabinet will still make the final decision in such cases. Financial assistance will be available for successful applicants who have entered the island legally, Chen added.
"Our laws are very clear on that... it's not a rescue (project), it's to offer support," he said.
The office will also deal with requests from Hong Kongers seeking to study, work or invest in Taiwan, Chen said.
Hong Kong plunged into turmoil last year with months of street protests as the government pushed for a now-scrapped bill to allow extraditions to China.
More than 5,000 Hong Kongers moved to Taiwan last year, up 41 percent from a year earlier, figures show.
Some of them were fleeing prosecution over the protests or seeking a new life in one of Asia's most progressive democracies. (AFP)
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
