In the News: HK Security Law; Wealth Management Connect; and Data Security Law

July 06, 2020 | BY

Vincent Chow

Hong Kong national security law comes into effect with U.S. sanctions imminent; China launches wealth management connect scheme with Hong Kong, Macao; and NPC publishes draft Data Security Law tightening data protection rules

Hong Kong national security law comes into force

Hong Kong's new national security law finally came into effect following weeks of intense speculation about its scope and potential impact on businesses in the city. On June 30, China's top legislative body, the National People's Congress Standing Committee, granted final approval before President Xi Jinping signed the legislation into law. The law, which cracks down on "secession, subversion, organisation and perpetration of terrorist activities," as well as collusion with foreign countries, came into effect the same evening.

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