West Will No Doubt Pounce On Anti-sanctions Law: CE
"); jQuery("#212 h3").html("
"); jQuery(document).ready(function() { jwplayer.key='EKOtdBrvhiKxeOU807UIF56TaHWapYjKnFiG7ipl3gw='; var playerInstance = jwplayer("jquery_jwplayer_1"); playerInstance.setup({ file: "https://newsstatic.rthk.hk/audios/mfile_1605173_1_20210810181353.mp3", skin: { url: location.href.split('/', 4).join('/') + '/jwplayer/skin/rthk/five.css', name: 'five' }, hlshtml: true, width: "100%", height: 30, wmode: 'transparent', primary: navigator.userAgent.indexOf("Trident")>-1 ? "flash" : "html5", events: { onPlay: function(event) { dcsMultiTrack('DCS.dcsuri', 'https://news.rthk.hk/rthk/en/component/k2/1605173-20210810.mp3', 'WT.ti', ' Audio at newsfeed', 'WT.cg_n', '#rthknews', 'WT.cg_s', 'Multimedia','WT.es','https://news.rthk.hk/rthk/en/component/k2/1605173-20210810.htm', 'DCS.dcsqry', '' ); } } }); }); });
2021-08-10 HKT 12:06
Chief Executive Carrie Lam says she’s quite certain that “external forces, foreign governments and western media” will use the introduction of the mainland’s anti-sanctions law in Hong Kong to weaken people’s confidence in the SAR.
She said that’s why she believes the law should be incorporated into Annex 3 of the Basic Law by way of local legislation, so it can be better explained – instead of being promulgated directly by Beijing like the national security law was.
Lam said on Tuesday that she had already conveyed her views on this to the central government.
“The view I submitted… I said I support doing it through local legislation. This is because I am quite certain that some external forces, foreign governments or some Western media will speculate on this… to try and weaken [Hong Kong’s] status as a financial hub and weaken various sectors’ confidence in Hong Kong,” she said.
“Local legislation will allow us to better explain the implementation of the anti-sanctions law in Hong Kong, its legal framework, procedure and so on.”
Lam reiterated that the mainland law is only retaliatory in nature.
“Pay attention. The law is called ‘anti-foreign sanctions law’. It’s a countermeasure, but not an active one. The nation is not actively sanctioning anybody or any organisations. When somebody unreasonably sanctions national organsations or SAR officials, we must have the ability to counter it,” she said.
How Core Modernisation Is Paving The Way For Invisible Banking
In an era dominated by digital innovation, the banking sector is evolving rapidly to meet the modern consumer’s deman... Read more
ZA Bank Financial Performance Shows Strong Growth, Reduced Losses Last Year
ZA Bank, a virtual bank in Hong Kong, has reported a substantial increase in its financial performance for the past yea... Read more
Elon Musk Impersonated In Suspected Quantum AI Crypto Fraud
The Securities and Futures Commission (SFC) has issued a public warning about suspected fraud involving the entity know... Read more
Why Hong Kong Is Primed For A Crypto ETF Breakthrough
In the dynamic landscape of global finance, Hong Kong has emerged as a frontrunner in innovative exchange-traded funds ... Read more
MixCare Health And Pacific Prime Collaborate On Digital Health Platform
MixCare Health, a Hong Kong-based digital health and wellness platform, has partnered with Pacific Prime, an internatio... Read more
Mox Bank Revenue Triples In 2023 Driven By New Services And Customer Growth
Mox Bank announced that it has tripled its revenue in 2023, driven by an increase in its customer base, deposits, and l... Read more