Lord Patten, the last British governor before the handover, described the new laws as 'a frontal assault' on the relative freedoms granted to Hong Kong. Pictured, a riot police officer in the former British colony fires tear gas at protesters in Causeway Bay, Hong Kong, on May 24 … [Read more...] about Chinese army issues chilling warning to Hong Kong protesters as it says it’s ready to ‘smash’ any demonstrations against new national security law
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Several generations later, Shenzhen is a metropolis of skyscrapers, high-tech campuses and huge, modern ports that dwarf Hong Kong's own, at least in trading volume. Railways, roads, bridges and other infrastructure have transformed the Pearl River Delta region that surrounds it into a whole ecosystem of built-up cities that is China’s answer to Silicon Valley and then some. It also is home to increasingly influential tech companies like Huawei Technologies and Tencent. … [Read more...] about Hong Kong on borrowed time as China pushes for more control
Technically, the central government can do this, but it doesn't look good. Article 18 of the Basic Law says that the congressional Standing Committee can add laws on defense, foreign affairs and other matters outside Hong Kong's autonomy. National security falls into that. … [Read more...] about Police fire pepper pellets and arrest dozens of pro-democracy activists in Hong Kong as they protest bill making it illegal to mock China’s national anthem
'This may be worrisome. It depends on what the bill says about what powers these people have,' said Albert Chen, a constitutional law scholar at Hong Kong University and member of a committee that advises the congressional Standing Committee on the Basic Law. … [Read more...] about Hong Kong’s richest man, 91, who owns UK mobile network Three backs new national security law and says it will give the city long-term stability
HONG KONG: Bankers and investors fear China's push to impose national security laws on Hong Kong threaten the city's future as an international financial centre. If it gets to that stage, Beijing's move will come at a cost for China's economy. WHY DOES CHINA NEED HONG KONG AS IT IS? China still has extensive capital controls and often intervenes in its financial markets and banking system. Hong Kong is one of the world's most open economies and one of the biggest channels for equity and debt financing. The size of Hong Kong's economy may only be the equivalent of 2.7% of mainland China's, down from 18.4% in 1997 when it reverted to Chinese rule, but the territory punches above its weight due to world-class financial and legal systems. As a gateway between China and the West, Hong Kong attracts global capital for China more efficiently than its other cities. HOW IS THAT CHANGING? Under the 'one country, two systems' formula agreed as part of Britain's handover of the territory … [Read more...] about How important is Hong Kong to China as a free finance hub?