Hong Kong national security law

Hong Kong stocks headed for their best day in more than two months, after President Donald Trump’s response to China for its crackdown on Hong Kong stopped short of fully escalating tensions between the two nations.

What does China want, and what will happen?

Hong Kong told the United States to keep out of the internal debate over new national security laws being imposed by China, and warned that withdrawal of the financial hub’s special status under US law could backfire on the US economy.

Quoteworthy: “It’s like a knife on the top of our head. Any time, it will come to our neck.” –— Jimmy Lai, prominent pro-democracy activist, after China approves new Hong Kong security laws

China’s decision to impose a national security law on Hong Kong has spurred speculation of capital flight and an erosion of the city’s status as an international financial centre. As a venue for share offerings, at least, the near-term futur

It was anything but an ordinary afternoon for Hong Kong stocks as Chinese lawmakers approved a controversial plan to impose national security legislation for the city.

Chinese lawmakers approved a proposal for sweeping new national security legislation in Hong Kong, defying a threat by US President Donald Trump to respond strongly to a measure that democracy advocates say will curb essential freedoms in the city.

Oil extended its drop to trade near US$32 (S$45.39) a barrel after a U.S. industry report signalled crude inventories swelled for the first time in three weeks, raising fresh concerns about excess supply.

The future remains uncertain but Hong Kong's economy remains steady for now.

The Trump administration said it could no longer certify Hong Kong’s political autonomy from China, a move that could trigger sanctions and have far-reaching consequences on the former British colony’s special trading status with the US.