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The new US law would hit the HKG Party elites and their economy, in finance, trade, shipping, technology and other areas if violations of the Act occur. The Act emphasizes HKG's international status and stresses that the U.S. will coordinate with allies, including the UK, Australia, Canada, Japan, and SK to promote democracy and human rights in Hong Kong.
For instance already and before the Act was actually passed the HKG Stock Exchange was preparing to buy the London Stock Exchange until October when, after 5 months of demonstrations and police violence in HKG, the LSE said no.
Ouch to the Party tycoons in HKG and on the mainland China.
How Washington’s Hong Kong Human Rights and Democracy Act can protect freedoms in Hong Kong
This week, the United States passed a law aimed at protecting Hong Kong’s autonomous status and its residents’ civic rights. Beijing is furious about the US move to pass the Act.
Since Hong Kong was handed over to China in 1997, the city’s autonomous status has been ensured by international treaty — the 1984 Sino-British Joint Declaration — which established the principle of “one country, two systems”. It outlines the framework of the the city’s mini-constitution, the Basic Law, and ensures that Hong Kong becomes a signatory to a number of United Nations Conventions, including its Human Rights Convention.
Following 1989’s Tiananmen Square Massacre, the U.S. enacted the Hong Kong Policy Act in 1992 to ensure Hong Kong’s autonomous status as a precondition of its special economic treatment of Hong Kong as a separate customs and trading zone. This Act has granted Hong Kong favourable bilateral ties in the areas of trade and economics, finance, aviation, shipping, and technology.
The majority of pro-democracy Hong Kongers believe that the Act would counterbalance China’s encroachment into Hong Kong, especially as the city’s independent customs and trading status, recognized by the international community, is the key to the global financial centre’s success. Beijing will now likely be more cautious in taking further aggressive interventions that undermine the city’s political and legal autonomy. The stability of Hong Kong would be beneficial to all the players, just as ending the city’s autonomy would be detrimental to all concerned.
How Washington's Hong Kong Human Rights and Democracy Act can protect freedoms in Hong Kong | Hong Kong Free Press HKFP
CCP Boyz in Beijing need to retain the one country, two systems agreement for Beijing to benefit from having HKG. Sending in the People's Armed Police paramilitaries of the PLA or tossing Hong Kongers into jail by the thousands would end the whole of it. The first target of the new law is the HKG Party-Governmen's revenge action last month to reduce the budget of the city universities which were centers of protest and action, effective January.
For instance already and before the Act was actually passed the HKG Stock Exchange was preparing to buy the London Stock Exchange until October when, after 5 months of demonstrations and police violence in HKG, the LSE said no.
Ouch to the Party tycoons in HKG and on the mainland China.
How Washington’s Hong Kong Human Rights and Democracy Act can protect freedoms in Hong Kong
This week, the United States passed a law aimed at protecting Hong Kong’s autonomous status and its residents’ civic rights. Beijing is furious about the US move to pass the Act.
Since Hong Kong was handed over to China in 1997, the city’s autonomous status has been ensured by international treaty — the 1984 Sino-British Joint Declaration — which established the principle of “one country, two systems”. It outlines the framework of the the city’s mini-constitution, the Basic Law, and ensures that Hong Kong becomes a signatory to a number of United Nations Conventions, including its Human Rights Convention.
Following 1989’s Tiananmen Square Massacre, the U.S. enacted the Hong Kong Policy Act in 1992 to ensure Hong Kong’s autonomous status as a precondition of its special economic treatment of Hong Kong as a separate customs and trading zone. This Act has granted Hong Kong favourable bilateral ties in the areas of trade and economics, finance, aviation, shipping, and technology.
The majority of pro-democracy Hong Kongers believe that the Act would counterbalance China’s encroachment into Hong Kong, especially as the city’s independent customs and trading status, recognized by the international community, is the key to the global financial centre’s success. Beijing will now likely be more cautious in taking further aggressive interventions that undermine the city’s political and legal autonomy. The stability of Hong Kong would be beneficial to all the players, just as ending the city’s autonomy would be detrimental to all concerned.
How Washington's Hong Kong Human Rights and Democracy Act can protect freedoms in Hong Kong | Hong Kong Free Press HKFP
CCP Boyz in Beijing need to retain the one country, two systems agreement for Beijing to benefit from having HKG. Sending in the People's Armed Police paramilitaries of the PLA or tossing Hong Kongers into jail by the thousands would end the whole of it. The first target of the new law is the HKG Party-Governmen's revenge action last month to reduce the budget of the city universities which were centers of protest and action, effective January.