'Twisting Of Basic Law Is The Gravest Assault On HK'
"); jQuery("#212 h3").html("

"); });
2020-04-20 HKT 12:28
Pan-democratic lawmakers warned on Monday that the SAR is facing a constitutional crisis, as a row escalates over what limits there are to the powers of Beijing's liaison office in Hong Kong.
At a press briefing, the pro-democracy camp said the office's contention that it is not subject to restrictions laid out under Article 22 of the Basic Law is the “gravest assault” on the "One Country, Two Systems" principle.
Democratic Party lawmaker Helena Wong accused mainland authorities of "twisting" the Basic Law.
“The Hong Kong SAR government is directly under the central government. The Hong Kong and Macau Affairs Office (HKMAO) and the liaison office are also under the central government. We are neither under the HKMAO nor the liaison office," she said.
"It’s stated clearly in the constitution, unless President Xi Jinping tells us whatever was said in the past isn’t valid anymore and that he can interpret the Basic Law in whatever ways he wants,” she said.
Council Front’s Claudia Mo, meanwhile, accused the Hong Kong government of failing to uphold the "One Country, Two Systems" principle.
“The repeatedly revised government statements [on Saturday night] are not just inflammatory, they are downright dishonest. It shows you the Carrie Lam government will just bend over backwards to accommodate Beijing’s wishes and they wouldn’t even bother to keep up appearances,” she said.
“This is probably the gravest assault on One Country, Two Systems because now they’re laying down the ground rule… their ground rule that they can just do anything, say anything about Hong Kong. I’m the law, according to China,” she said.
The Labour Party's Fernando Cheung said the affair marks a turning point. He said that while the liaison office had meddled in Hong Kong matters in the past, it always used to do so in a clandestine way. Now everything is out in the open, he said.
HKMA Warns Of Fake Stablecoins As Licensed Issuers Have Yet To Launch Tokens
The Hong Kong Monetary Authority (HKMA) has warned the public about fake stablecoins in Hong Kong, specifically flaggin... Read more
Tazapay Secures Money Service Operator License In Hong Kong
Singapore-based cross-border payments company Tazapay has secured a Money Service Operator (MSO) license in Hong Kong. ... Read more
Livi Bank Posts First Full-Year Profit In 2025 As Loans Rise 49%
Hong Kong digital bank livi bank reported a full-year profit of HK$21 million for 2025. For the year, total operating i... Read more
FWD Group Reports US$720M In New Business Sales As Expansion Continues
FWD Group reported a 4% year-on-year increase in new business sales to US$720 million for the first quarter of 2026, dr... Read more
WeLab Bank 2025 Revenue Hits HK$942M After Securing First-Half Profitability
WeLab Bank achieved profitability in the first half of 2025 and reported a 35% year-on-year revenue increase to HK$942 ... Read more
Ripple And Kbank Roll Out Institutional Digital Asset Wallet In South Korea
Ripple has partnered with Kbank to deploy an institutional digital asset wallet in Korea, equipping the internet bank w... Read more