UK Says China Has Breached Sino-British Declaration
"); jQuery("#212 h3").html("

"); });
2020-07-01 HKT 19:31
The United Kingdom said on Wednesday that China's imposition of a security law on Hong Kong was a "clear and serious" violation of the 1984 Joint Declaration and called on Beijing to honour its international obligations.
"The enactment and imposition of this national security law constitute a clear and serious breach of the Sino-British Joint Declaration," Prime Minister Boris Johnson said in parliament.
"It violates Hong Kong's high degree of autonomy and is in direct conflict with Hong Kong's basic law. The law also threatens the freedoms and rights protected by the joint declaration," he said.
"We made clear ... that if China continued down this path we would introduce a new route for those with British National Overseas Status to enter the UK, granting them limited leave to remain, with the ability to live and work in the UK and thereafter to apply for citizenship and that is precisely what we will do now."
Meanwhile, British Foreign Secretary Dominic Raab said he would set out shortly the action Britain would take with its international partners.
"China, through this national security legislation, is not living up to its promises to the people of Hong Kong," he said. "We will live up to our promises."
Asked about how the West should deal with President Xi Jinping, Raab said:
"Obviously, China is a leading member of the international community. And it is precisely because of that, that we expect it to live up to its international obligations and its international responsibilities, for trust in China's ability to do that, today has been a big step backwards." (Reuters)
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