WASHINGTON, DC: US President Donald Trump on Tuesday (May 26) warned that Hong Kong could lose its status as a global financial centre if a ...
WASHINGTON, DC: US President Donald Trump on Tuesday warned that Hong Kong could lose its status as a global financial centre if a proposed Chinese crackdown goes ahead, as the territory's leader tried to reassure nervous investors.
The announcement of plans for the new law - which will be written by Beijing and bypass Hong Kong's legislature - sparked the biggest drop on the city's stock exchange in five years on Friday.The legislation would ban secession, subversion, terrorism and foreign interference after months of massive, often-violent pro-democracy protests last year.She argues that the controversial law would"only target a handful of lawbreakers.
The proposed law, she added,"only targets a handful of law-breakers ... it protects the vast majority of law-abiding, peace-loving residents."Hong Kong was upended last year by seven months of huge pro-democracy protests, fueled by years of rising fears that Beijing is chipping away at the city's freedoms.
The precise wording of the security law has yet to be revealed but China's rubber-stamp parliament previewed initial details last week. She said anti-government protests would continue to be allowed"if it is done in a legal way", but she did not elaborate on what views would be considered illegal under the new law.
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