FAST FIVE: Chinese President Xi Signs National Security Law For Hong Kong
The National People's Congress Standing Committee swiftly approved the landmark national security law on Tuesday, signaling Communist Party leader Xi Jinping's desire to seize more control to squash pro-democracy protests in the city to stop subversion, terrorism, separatism, and collusion with external forces. The National Security Law for Hong Kong was passed unanimously on Tuesday.
Chinese President Xi Jinping signed a presidential decree about the legislation.
#HK pic.twitter.com/XOJ5G7PsoS – Global Times (@globaltimesnews) June 30, 2020 The new law could jeopardize civil liberties and Hong Kong's independent judicial system, which has allowed the financial hub to thrive over the decades economically. President Donald Trump warned he would disband Hong Kong's preferential trade status – and in response to the passage of the law in the overnight hours – Washington released a headline indicating it will bar the export of weapons and sensitive technology to the city. The most significant penalty under the new law is life imprisonment – something that will likely deter protesters from organizing on city streets. [End of Hong Kong, Beginning of Reign of Terror] 1.
It marks the end of Hong Kong that the world knew before.
This followed Washington's decision last week to restrict visas for Chinese government officials who threaten Hong Kong's autonomy. Hang Seng futures were unchanged on the session amid the passage of the new law. “Hong Kong stocks pared an advance Tuesday as investors awaited details of the legislation.