MY KOLKATA EDUGRAPH
ADVERTISEMENT
regular-article-logo Monday, 23 December 2024

Hong Kong to adopt China’s anti-sanctions law

Critics have warned that the anti-foreign sanctions law could undermine HK’s reputation as a global financial hub

Reuters Hong Kong Published 09.08.21, 01:21 AM
Representational image.

Representational image. Shutterstock

Hong Kong’s justice secretary said on Sunday that a mainland Chinese law to counter foreign sanctions could also be adopted in the China-ruled city by writing it into Hong Kong’s mini-constitution, pending a decision by the Chinese parliament.

Justice secretary Teresa Cheng’s comments are the strongest official indication so far that Hong Kong would embrace the mainland law, passed in June to counter foreign sanctions as the US and EU step up pressure over trade, technology, Hong Kong and Xinjiang.

ADVERTISEMENT

Under the law, individuals or entities involved in making or implementing discriminatory measures against Chinese citizens or entities could be put on an anti-sanctions list by relevant departments in the Chinese government.

Cheng wrote in an official blog entry that the “most natural and appropriate way” to introduce the anti-sanctions law into Hong Kong would be to add it to an annex of the Basic Law, or Hong Kong’s mini-constitution. She added that such a move needed first to be approved by the National People’s Congress. Local media have reported that a decision would likely be made during a meeting in Beijing on August 17-20.

Critics have warned that the anti-foreign sanctions law could undermine Hong Kong’s reputation as a global financial hub and tarnish sentiment among foreign firms.

Follow us on:
ADVERTISEMENT
ADVERTISEMENT