This new draft law, first announced at China's parliament – the National People's Congress – last week, would target acts of secession, ban foreign interference and acts of terrorism, according to Hong Kong's Chief Executive Carrie Lam.
Despite the law, the bad news for businesses is: the protests could continue for years yet, according to Wildau. The move has sparked concerns that it will give Beijing more control over the Asian financial hub and reduce the rights and freedoms Hong Kongers enjoy but which are denied to mainland Chinese. It's seen inciting further pro-democracy protests, after months of increasingly violent demonstrations last year.
"If you're part of the protest movement, you're very concerned right now. It's a sad day for political activists, for pro-democracy activists in Hong Kong," he said.
Britain should have never returned Hong Kong to a communist China. Which PM made that decision?
In usa all you have to do is protest peaxefully and you get thrown in jail
when india destroyed kashmir’s autonomy, you didn’t blame india; when america blocked huawei in the name of national security, you said nothing. now, some people in hk want independence, you say china should do nothing...
They are NOT protesters! They are THUGS and TERRORISTS!
It is a sad day for the World. HKERs would remember that CNBC help to isolate Hong Kong protesters.
ok if investors are really the friend of Xi. Business men could not find a place of law to protect themselves in China.
you mean a sad day for Rioters, not protesters
What a crass headline. So what if human rights are trampled upon, let's have the consolation prize that people can still make money as others rot in jail.
The protest has turned ugly. The protesters(thugs) vandalize facilities and shops and attack normal ppl on street. It is good news to implement the new security law.
The brits' last hope is holding on hong kong after shooed off the eu market. Now CH does the last blow on that thin hope.The indian market is wild like indian men to scare away any economic miracle for brit. Solo in their own world with no future, no middle east friend either.
We need law and order for Hong Kong. US has at least 10 times more of similar law in place. Why they keep pointing fingers for other area to have similar arrangement? Go back to your double standard world and free us from your nonsense.
It’s never about freedom. Young protestors are cat’s paw of the filthy rich in town.
f investors
How much can you believe what the CCP said? If CCP are truthful in their words, COVID19 would be under controlled since mid-February.
chingchong ChinaVirus
Wow..that's uh...quite a take.
Until Chinese communist troops start arresting and shooting Hong Kongers in central.
Yeah that’s not what anyone was worried about
Ah yes, the all important investors. Get bent.
CNBC I'm not a smart Being. You saying a New Law slammed down on Hong Kong won't hurt Hong Kong or cause a concern for those who wish to invest on something now called China and no longer called Hong Kong. Maybe I missed something. I'm not a journalist.
Jesus. Nice summary for late-stage democracy. Bring on the oligautocracy.
Profit over freedom... checks out.
It´s never bad for investors, no matter what.
These sad kids dont even realized why they are holding the colonial flag. Pathetic.
Sad?
It literally can't go tits up. -
Oh ffs
Haha
hahaha
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