'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.
HKMA Warns Of Fake Stablecoins As Licensed Issuers Have Yet To Launch Tokens
The Hong Kong Monetary Authority (HKMA) has warned the public about fake stablecoins in Hong Kong, specifically flaggin... Read more
Tazapay Secures Money Service Operator License In Hong Kong
Singapore-based cross-border payments company Tazapay has secured a Money Service Operator (MSO) license in Hong Kong. ... Read more
Livi Bank Posts First Full-Year Profit In 2025 As Loans Rise 49%
Hong Kong digital bank livi bank reported a full-year profit of HK$21 million for 2025. For the year, total operating i... Read more
FWD Group Reports US$720M In New Business Sales As Expansion Continues
FWD Group reported a 4% year-on-year increase in new business sales to US$720 million for the first quarter of 2026, dr... Read more
WeLab Bank 2025 Revenue Hits HK$942M After Securing First-Half Profitability
WeLab Bank achieved profitability in the first half of 2025 and reported a 35% year-on-year revenue increase to HK$942 ... Read more
Ripple And Kbank Roll Out Institutional Digital Asset Wallet In South Korea
Ripple has partnered with Kbank to deploy an institutional digital asset wallet in Korea, equipping the internet bank w... Read more
