Global Financial Market Review

Taiwan's government urged Beijing on Friday not to lead Hong Kong into "bigger turmoil" due to wrong policy decisions, after the mainland proposed new national security legislation for the SAR.

Taiwan's Mainland Affairs Council said in a statement that the Chinese Communist Party has wrongly blamed external influences and Hong Kong independence "separatists" for the instability in the territory.

"The laws of any civilised society should be an umbrella to protect the people, rather than shackles on their freedom," the council said.

Taipei also urged Beijing to start dialogue with Hong Kong society.

Meanwhile, at the National People's Congress session at the Great Hall of the People, Premier Li Keqiang said Beijing will encourage the people of Taiwan to join it in pushing for "reunification".

"We will encourage them to join us in opposing Taiwan independence and promoting China's reunification. With these efforts, we can surely create a beautiful future for the rejuvenation of the Chinese nation," he said.

At the opening of the annual meeting, Li said Beijing will resolutely oppose and deter any separatist activities in Taiwan.

He added that the central government will also improve measures to encourage exchanges and cooperation between Taiwan and the mainland.

Following Li's comments, Taiwan's presidential office said the island will be "more determined" to defend democracy and freedom. (Additional reporting by Reuters)