On 21st May 2020, the Chinese Government proposed a new law on national security regulations that may be enacted in Hong Kong under the provisions of Annex III of its Basic law, which is the city’s de facto constitution. The proposed legislation may set up the legal framework to prevent and punish subversion, terrorism, separatism and foreign interference
When Hong Kong was handed back to China on 1 July 1997, following more than 150 years of British control, the "one country, two systems" principle was established as the foundation of the relationship.
Therefore, the proposed legislation has triggered a number of reactions both from the UK and the USA, as well as from across the business world, given the importance of both mainland China and Hong Kong in various industries such as financial services and manufacturing.
What the Report Offers:
The report is intended to provide insights into the potential impact of the proposed law, particularly on UK-China relations. The report leverages arguments across a number of spheres, including political, as well as trade, and foreign policy.
The report is beneficial to business executives, trade bodies, policymakers, academic institutions, think-tanks, consultancies and any other interested parties.
Key Areas Explored in the Report:
- Political reactions, positions, and dynamics
- The potential legislation that could be used to impose sanctions
- How the enacting of security law may affect trade and foreign policy
- Insights on future Sino-UK economic and financial cooperation
- Executive Summary
- Political Reactions and Positions
- The Political Reaction from the USA
- The UK Political Stance: A Path to UK Citizenship - Double Standards or Moral Obligations?
- Potential Implications of the Political Fallout
- Impact on Trade and Foreign Policy
- The UK’s Project Defend
- Potential Legal Avenues
- Sanction Threats from the US - Senator Pat Toomey’s Bill and Existing Avenues
- Legal Pursuit from the UK or Trade Takes Priority?
- Assessing the future of Sino-UK cooperation - An End to the Golden Era or a New Beginning?
- Coronavirus and the Prospect of Global Trade wars
- The Brexit Impact and Local UK Politics