West Will No Doubt Pounce On Anti-sanctions Law: CE

"); jQuery("#212 h3").html("

Related News Programmes

"); 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

Share this story

facebook

  • West will no doubt pounce on anti-sanctions law: CE

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.

RECENT NEWS

SBI Holdings To Acquire Bitbank In US$289M Crypto Expansion

SBI Holdings has agreed to acquire Japanese crypto exchange Bitbank in a deal valued at approximately US$289 million, w... Read more

4 Ways Hong Kong Banks Fight Financial Crime Using AI, According To HKMA

The Hong Kong Monetary Authority (HKMA) wants banks to use AI in financial crime as a way to counter cyberattacks and s... Read more

Ripple Launches RLUSD Stablecoin In Japan Through SBI Group

Ripple has launched its US dollar-denominated stablecoin, Ripple USD, in the Japanese market. The expansion follows reg... Read more

SBI And Startale Launch Trust Bank-Backed Yen Stablecoin JPYSC In Japan

SBI Group has introduced its trust based stablecoin JPYSC in partnership with Singapore-based fintech company Startale ... Read more

Visa Study: Digital Wallets Lead Greater Bay Area Payment Preferences

Visa has released its latest Consumer Payment Attitudes Study, highlighting how payment seamlessness is linked to a shi... Read more

European And South Korean Banks Form Project Pangea For FX Settlement

Chainlink, South Korean infrastructure provider FairSquareLab, the Unified Korea Alliance (UniKA), and European stablec... Read more