HONG KONG - The sweeping new national security law imposed on Hong Kong by Beijing would accelerate the city's descent in importance as a global financial hub, observers said, adding that its fortunes would shift in the longer term as it is plugged deeper into the mainland.
Law faculty principal lecturer at the University of Hong Kong Eric Cheung told The Straits Times that the new security legislation that kicked in on Tuesday night (June 30) was drafted with a mainland approach, unlike the common law system practised in Hong Kong.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you