HONG KONG (Reuters) – China’s foreign ministry branch in Hong Kong hit back on Saturday at “meddling” countries and said proposed national security laws would not hurt the interests of foreign financiers in the city.
FILE PHOTO: Hong Kong President Carrie Lam, using a face mask following the coronavirus illness (COVID-19) outbreak, participates in a news conference with officers over Beijing’s strategies to enforce national security legislation in Hong Kong, China May 22,2020 REUTERS/Tyrone Siu
The security legislation, which could see Chinese intelligence firms set up bases in Hong Kong, has actually sent out chills through the business and diplomatic neighborhoods.
U.S. federal government officials have stated the legislation would end the Chinese-ruled city’s autonomy and would be bad for both Hong Kong’s and China’s economies. They said it could jeopardise the territory’s unique status in U.S. law, which has assisted it maintain its position as an international financial centre.
Britain has said it is deeply worried by the suggested security laws which it stated would undermine the “one nation, 2 systems” concept concurred when Hong Kong returned to Chinese rule in1997
Bankers and headhunters said it could lead to cash