'Three To Ten Years In Jail For Security Law Crimes'
"); jQuery("#212 h3").html("

"); });
2020-06-20 HKT 21:59
A local deputy to the National People’s Congress Standing Committee (NPCSC), Tam Yiu-chung, told the media that penalties for national security crimes under the law proposed by Beijing will range from three to ten years imprisonment.
He said mild offences will carry a sentence of around three years, while more serious crimes will entail prison terms of between five to 10 years.
He said the penalties are similar to those in Hong Kong’s criminal law.
Tam also said it is unlikely that the law will be retroactive.
Tam also said only under extremely rare circumstances will the central government’s agent on national security assume jurisdiction in Hong Kong, such as a state of emergency that the SAR government alone cannot handle, such as wars.
The Xinhua News Agency had released the details of the controversial new law but had not mentioned details of the punishment spelt out in the draft legislation.
HSBC Launches TradeCash In Hong Kong To Accelerate Trade Finance Access
HSBC has launched a digital trade finance tool called HSBC TradeCash, allowing businesses in Hong Kong to upload sales ... Read more
HKEX And HKMA Launch Pilot On E-HKD For After-Hours Margin Payments
Hong Kong Exchanges and Clearing Limited (HKEX) and the Hong Kong Monetary Authority (HKMA) have launched a joint pilot... Read more
Can You Trust AI Agents To Stay Within Your Intent?
Checking someone’s ID at the door of a nightclub tells you who they are, but it does not tell you how they will behav... Read more
China CITIC Bank Taps Tencent Cloud For Fintech 2.0 Banking Push In Hong Kong
Tencent Cloud has signed a strategic cooperation agreement with China CITIC Bank International (CNCBI) to support the d... Read more
Payful Launches Cloud-Based Visa Charge Card Programme Via BPC SmartVista
Chinese cross-border payment company Payful has launched a cloud-native Visa charge-card programme for corporate and me... Read more
Hong Kong Banking Taskforce Convenes To Plan Northern Metropolis Financing
The Northern Metropolis Financial Advisory Taskforce held its inaugural meeting on 17 June to discuss the financing nee... Read more