In the News: Hong Kong National Security; More US Entity Listings; and Hang Seng Index Reform

May 25, 2020 | BY

Vincent Chow

Beijing imposes national security law on Hong Kong; U.S. adds more Chinese entities to Entity List; and Alibaba, Xiaomi set to join benchmark Hong Kong index

China readies national security legislation for Hong Kong 

China is set to impose national security legislation in Hong Kong after a motion was brought before the National People's Congress (NPC) at its annual meeting on May 22. Consisting of seven main articles, the draft invokes the NPC's authority under Article 31 of China's constitution, which states that "systems to be instituted in special administrative regions shall be prescribed by law enacted by the National People's Congress," and Article 62, which empowers the NPC to "oversee the implementation of the Constitution."

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