'Withdraw HK Privileges If Beijing Sends Troops In'

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

Related News Programmes

"); });

2019-11-14 HKT 22:12

Share this story

facebook

  • The commission called for a firmer line on Hong Kong. Image: Shutterstock

    The commission called for a firmer line on Hong Kong. Image: Shutterstock

An influential US Congressional commission has urged lawmakers there to pass legislation that would automatically withdraw trade privileges granted to Hong Kong if Beijing sends the military to quell protests here.

In its 2019 annual report, published on Thursday night, the United States-China Economic and Security Review Commission says the provisions of the 1992 US-Hong Kong Policy Act should immediately cease to apply if the People's Liberation Army or the People's Armed Police are deployed.

It describes the past five months of protests as the biggest political crisis since the 1997 handover, adding: "China’s encroachment on Hong Kong’s autonomy and its suppression of pro-democracy voices in recent years have fueled opposition, with many protesters now seeing the current demonstrations as Hong Kong’s last stand to preserve its freedoms."

The report calls on the State Department in Washington to set up a set of specific benchmarks to assess whether Hong Kong's promised "high degree of autonomy" is being maintained.

It also calls for an extension of export control measures targetting state-owned mainland companies to their Hong Kong subsidiaries.

"The future direction of Hong Kong – and with it US-Hong Kong policy – will rest upon the outcome of the historic 2019 protest movement and the extent to which the Hong Kong government respects the aspirations of its people to protect the territory’s autonomy," the report concludes.

"Regardless of the outcome, it is clear that Beijing is unwilling to wait until 2047 – when it no longer must abide by the 'one country, two systems' arrangement – to exert its influence over all aspects of Hong Kong’s affairs.

"Given recent developments, US policymakers are starting to prepare for the day when Hong Kong loses the legal protections and democratic freedoms that are key pillars of the US-Hong Kong relationship."

In a response to the report published in the early hours of Friday morning, the Hong Kong government rejected the commission's findings and said foreign legislatures should stay out of the SAR's affairs.

______________________________



Last updated: 2019-11-15 HKT 01:07

RECENT NEWS

Ant Internationals Ant Bank And Bettr Selected For Hong Kongs GenAI Sandbox++

Digital bank Ant Bank and embedded financial solutions provider Bettr have been selected to participate in Hong Kong’... Read more

Visa And BOCHK Tapped For Hong Kong AI Sandbox To Test Agent-Initiated Commerce

Visa has announced that it is partnering with Bank of China (Hong Kong) (BOCHK) in the GenA.I. Sandbox++. With the Visa... Read more

Hong Kong Regulators Pick 36 Agentic AI Use Cases For GenA.I. Sandbox++

The Hong Kong Monetary Authority (HKMA), the Securities and Futures Commission (SFC), the Insurance Authority (IA), and... Read more

Finloop And Yunfeng Financial Become Latest Anchorpoint Authorised Distributors

Finloop and Yunfeng Financial have joined Anchorpoint’s HKDAP stablecoin beta access programme as authorised distribu... Read more

Standard Chartered Becomes First Bank To Distribute HKDAP Stablecoin

Standard Chartered Bank (Hong Kong) Limited (SCBHK) has become the first bank distributor of HKDAP, the Hong Kong dolla... Read more

Lianlian DigiTech Profit Doubles In H12026, Agent Wallet Pushes To Address Payment Needs

Lianlian DigiTech Co., Ltd, a payment service provider headquartered in China, reported its interim results for the fir... Read more