Political situation
Written by: Chen Chuolan
2020-05-22 13:24
Last update date: 2020-05-22 13:28The Third Session of the Thirteenth National People's Congress opened this morning (22nd). The agenda includes consideration of the "Hong Kong version of the National Security Law." The draft mainly targets four types of behaviors, including subversion of state power, secession of the country, terrorist activities, and interference by external forces.
The Pakatan Rakyat issued a press release today in support of the decision, arguing that legislation can target the current social situation and safeguard national security, while taking into account the political reality of Hong Kong ’s difficulty in making laws on its own. The practice is pragmatic and feasible. As soon as the news came out, Hong Kong stocks plunged more than a thousand points before the close this morning, further hurting the Hong Kong stock market.
The Pakatan Rakyat believes that legislation can target the current social situation and maintain national security, while taking into account the political reality of Hong Kong ’s difficulty in making legislation on its own. (Profile picture)
According to the Pakatan Rakyat, Hong Kong has not made legislation on national security in the past 23 years, but it is currently threatened by internal and external forces. The Hong Kong government also lacks the conditions for local legislation. The central government is forced by the situation, so it exercises its power in accordance with the Constitution. Solve the security threat posed by Hong Kong to Beijing.
Affected by the epidemic in the past few months, Hong Kong ’s GDP shrank by 8.9% in the previous quarter and the unemployment rate rose to a 10-year high of 5.2%. According to the Pakatan Rakyat, national security legislation is only aimed at actions that "seriously endanger national security." This move is conducive to safeguarding Hong Kong's prosperity and stability, safeguarding the legitimate rights and freedoms of Hong Kong's citizens, as well as the practice of "one country, two systems" in Hong Kong, and appeals to all sectors of the Hong Kong community to support it.
According to the Pakatan Rakyat, if the recurrence of violence will affect Hong Kong ’s economy, the unemployment situation will continue to deteriorate, bringing unbearable consequences for Hong Kong. Legislation will help Hong Kong stop the violence and return to the rule of law, so that the economy will not continue to deteriorate. However, since the news of the "Hong Kong version of the National Security Law" came out yesterday, the HSI fell more than 1,100 points this morning, a record low of nearly two months, and even securities analysts pointed out that if the NPC passes the draft, it is believed that some foreign investment will be withdrawn , Hong Kong stocks will continue to decline.
[Hong Kong version of the National Security Law] HSI has more than a thousand points in half a day. Experts say first pay attention to whether 22800 points can be kept.
Hong Kong version of the National Security Law ｜ The Kuomintang calls for respect for the Hong Kong People ’s Autonomous Land Commission to deliberately evade the legislative process of Hong Kong
Hong Kong version of the National Security Law ｜ said that the National People's Congress considers Hong Kong's social interests
Hong Kong version of the National Security Law ｜ Liu Zhaojia: The central government has no confidence in the Hong Kong government at all costs
Hong Kong version of the National Security Act 2020