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Hong Kong must implement China’s anti-sanctions law but status as international business hub will be taken into account, finance chief Paul Chan says
- Hong Kong has a constitutional obligation to implement legislation, financial secretary says
- Law is for restoring normality to market order and safeguarding interests of ordinary enterprises, he adds
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Hong Kong has a constitutional obligation to implement mainland China’s anti-sanctions law to counteract any action by foreign entities, the finance chief has said, adding the city’s status as an international financial centre will be taken into account in its application.
Writing on his blog on Sunday, Paul Chan Mo-po said it was up to the National People’s Congress Standing Committee, the country’s top legislative body, to decide under which format the new national law would be applied to Hong Kong.
The standing committee is expected to come up with a decision on Friday about adding the legislation to the mini-constitutions of both Hong Kong and Macau.
“The anti-sanctions law is foreign affairs, falling under the jurisdiction of the central government. Hong Kong has the constitutional obligation to implement it,” the financial secretary said.
“But the drafting of the law in mainland China is different from that in Hong Kong … The actual operation will depend on the enactment of the details or the administrative measures promulgated by relevant government departments.”
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