'HK Fugitive Laws Threaten US National Security'
"); jQuery("#212 h3").html("

"); });
2019-05-08 HKT 11:41
A report from a commission under the US Congress has warned that the proposed amendments to Hong Kong's extradition laws will pose a threat to the security and economic interests of the United States in the SAR, and put at risk every US citizen in Hong Kong – including defence personnel on navy port calls.
The report said "the proposed bill could create serious risks for US national security and economic interests in Hong Kong, and potentially violate several key provisions of the US-Hong Kong Policy Act".
The report warned the US Congress that the passage of the bill would increase Hong Kong's susceptibility to what it called Beijing’s political coercion and further erode the SAR’s autonomy.
It said the "changes would undermine the strong legal protections guaranteed in Hong Kong and leave the territory exposed to Beijing’s weak legal system and politically motivated charges".
The US-China Economic and Security Review Commission said the US Navy could consider alternative ports to Hong Kong because the new laws would increase potential risks for military personnel to be renditioned.
The report said the passage of the bill may provide grounds for the US to re-examine important elements of its relationship with Hong Kong, arguing that the new laws could violate key provisions of the US-Hong Kong policy act.
It noted the American President could suspend the application of any part of the Hong Kong Policy Act by "determining that Hong Kong is not sufficiently autonomous to justify [such] treatment".
But the report stopped short of suggesting the president should suspend the act, only saying that the new laws would remove legal protections in Hong Kong that preserve its well-regarded rule of law and reputation as an international financial hub.
The report also argued that the bill could provide Beijing with a powerful legal tool to further intrude into Hong Kong affairs.
It said the bill's passage would almost certainly make things harder for pro-democracy advocates and the business community, saying they're already worried about what it called Beijing’s illegal detention of Hong Kong and other foreign citizens.
The report said if the bill is passed, it "could affect the estimated 85,000 US citizens and over 1,300 US firms in Hong Kong – about 300 of which base their Asia regional operations in the territory".
The existing extradition treaty between the US and Hong Kong may also need to be re-examined as the new law may be used to override the protections that are guaranteed under the pact, it said.
SUNMI Technology Is Officially Listed On The Main Board Of HKEX
SUNMI Technology Group Co., Ltd, a Business IoT (BIoT) leader, was officially listed on the Main Board of the Hong Kong... Read more
Can AI-Native Infrastructure Finally Eliminate The Friction Within Cross-Border Payments?
What is stopping businesses from fully tapping a US$336 billion cross-border payments opportunity? Ask the merchants tr... Read more
HKMA Cargox Pilot Brings 21 Banks To Boost SME Trade Finance Via Data Sharing
The Hong Kong Monetary Authority (HKMA) has launched the HKMA Cargox pilot programme, partnering with 21 banks to digit... Read more
Krakens Parent Acquires Reap In US$600M Deal To Expand Stablecoin Payments In Asia
Payward, the parent company of cryptocurrency exchange Kraken, is acquiring Hong Kong-based payments infrastructure fir... Read more
XTransfer Files For Hong Kong IPO, Seeking US$186 Million
Chinese B2B cross-border payments company XTransfer has filed for an IPO in Hong Kong to raise US$186 million. The comp... Read more
HSBC Rolls Out Privé World Legend Mastercard To Hong Kong Clients
HSBC Hong Kong has launched the HSBC Privé World Legend Mastercard, becoming the first bank in the Asia Pacific region... Read more
