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Hong Kong issues new national security law bill with tougher jail terms
© Reuters. A Hong Kong flag is flown behind a pair of surveillance cameras outside the Central Government Offices in Hong Kong, China July 20, 2020. REUTERS/Tyrone Siu
By Jessie Pang, James Pomfret and Greg Torode
HONG KONG (Reuters) -Hong Kong on Friday published its draft of a new national security law, a document some lawyers said broadened what could be considered sedition and state secrets, with tougher penalties for any one convicted of those crimes and several others.
The draft, which also includes new laws encompassing treason, espionage and external interference, is being closely watched by foreign diplomats and businesses who fear it could further dent freedoms in the financial hub already subjected to a China-led crackdown on dissent that has sent many pro-democracy politicians and activists into jail or exile.
The Legislative Council started debating the bill on Friday amid tight security, and several members of the largely pro-Beijing body told reporters they expected the bill to be passed into law before mid-April.
Hong Kong leader John Lee had earlier urged lawmakers to pass the bill “at full speed”.
“The geopolitics have become increasingly complex, and national security risks remain imminent,” a government statement said.
Some lawyers analysing the draft said, at first glance, elements of the revised sentences for some listed offences are similar to Western ones but some provisions, such as those for sedition and state secrets, are broader and potentially tougher.
The bill includes sentences of up to life imprisonment for treason, insurrection and sabotage, 20 years for espionage and 10 years for crimes linked to state secrets and sedition.
The European Union, in a statement to Reuters, said it had made clear in a diplomatic note its “grave concerns” over the far-reaching provisions in the bill on “external interference” and the law’s extra-territorial reach.
The draft bill, however, noted some rights provisions.
“Human rights are to be respected and protected, the rights and freedoms, including the freedoms of speech, of the press and of publication, the freedoms of association … are to be protected” the bill read.
Some investors said the desire to fast-track the bill was concerning.
“The fact they are rushing through article 23 shows concern about public opposition. The business community is going to be unhappy unless there are guard rails protecting individual rights,” Andrew Collier, managing director at Hong Kong-based Orient Capital Research told Reuters.
Simon Young, a law professor at the University of Hong Kong, also said the broad definitions of crimes, especially those linked to foreign interference and collusion, could prove challenging to firms.
“It may well be that businesses or groups that have some connection with foreign governments might fall under the radar as an ‘external force'”, Young said.
CONCERNS OVER FREEDOMS
Hong Kong has long been a business, academic and media hub for China and the region, but in recent years critics say the rule of law and freedom of information have been undermined.
Hong Kong and Chinese officials have said the draft was similar to laws in some Western nations and that it was necessary to plug “loopholes” in the national security regime.
That regime was bolstered in 2020 by another law imposed directly by China which at the time said it was aimed at restoring stability after pro-democracy protests a year earlier.
The debate on the Hong Kong bill coincides with a move by China’s top lawmakers to create a slew of new national security laws in order to safeguard the mainland’s sovereign interests.
The Hong Kong bill proposed extending police detention for those arrested, without charge, for up to 14 days with a magistrate’s approval and potentially limited access to lawyers, compared to 48 hours currently.
The sentences for sedition, defined as inciting disaffection or hatred towards authorities through acts, words or publications, have been expanded from two to up to 10 years for offences in collusion with foreign forces.
Critics, including media advocacy groups, had earlier called for sedition to be scrapped, noting its potential use to silence freedom of expression and the media.
The bill proposes a jail term of up to 3 years, up from one year, for possessing a seditious publication and police have the right to search any premise to seize and destroy such material.
The definition of state secrets also appears quite broad, some lawyers said, saying it includes military, security and diplomatic secrets as well as classified social, economic and technological information involving China and Hong Kong governments, and their relationship.
By Maggie Fick and Ahmed Aboulenein
WASHINGTON (Reuters) – Members of Donald Trump’s presidential transition team are laying the groundwork for the United States to withdraw from the World Health Organization on the first day of his second term, according to a health law expert familiar with the discussions.
“I have it on good authority that he plans to withdraw, probably on Day One or very early in his administration,” said Lawrence Gostin, professor of global health at Georgetown University in Washington and director of the WHO Collaborating Center on National and Global Health (NS:) Law.
The Financial Times was first to report on the plans, citing two experts. The second expert, former White House COVID-19 response coordinator Ashish Jha, was not immediately available for comment.
The Trump transition team did not immediately respond to a Reuters request for comment.
The plan, which aligns with Trump’s longstanding criticism of the U.N. health agency, would mark a dramatic shift in U.S. global health policy and further isolate Washington from international efforts to battle pandemics.
Trump has nominated several critics of the organization to top public health positions, including Robert F. Kennedy Jr., a vaccine skeptic who is up for the post of secretary of Health and Human Services, which oversees all major U.S. health agencies including the CDC and FDA.
Trump initiated the year-long withdrawal process from the WHO in 2020 but six months later his successor, President Joe Biden, reversed the decision.
Trump has argued that the agency failed to hold China accountable for the early spread of COVID-19. He has repeatedly called the WHO a puppet of Beijing and vowed to redirect U.S. contributions to domestic health initiatives.
A WHO spokesperson declined to directly comment but referred Reuters to comments by WHO Director-General Tedros Adhanom Ghebreyesus at a press briefing on Dec. 10 in which he was asked whether he was concerned that the Trump administration would withdraw from the organization.
Tedros said at the time that the WHO needed to give the U.S. time and space for the transition. He also voiced confidence that states could finalize a pandemic agreement by May 2025.
Critics warn that a U.S. withdrawal could undermine global disease surveillance and emergency response systems.
“The U.S. would lose influence and clout in global health and China would fill the vacuum. I can’t imagine a world without a robust WHO. But U.S. withdrawal would severely weaken the agency,” Gostin said.
U.Today – MicroStrategy has made headlines again by purchasing 5,262 BTC for approximately $561 million at an average price of $106,662 per BTC. The company now holds a staggering 444,262 BTC, accumulated at a total cost of approximately $27.7 billion, with an average purchase price of $62,257 per BTC.
Despite impressive returns of 47.4% since the beginning of the quarter and 73.7% since the beginning of the year, skepticism about the company’s strategy is growing.
It is believed that to sustain its purchases, MicroStrategy raises capital through methods such as issuing convertible and corporate bonds, securing credit lines and selling shares.
This cycle appears to operate as follows: shares are sold to acquire the cryptocurrency, and the rising price per BTC increases asset value, enabling further loans, which are then reinvested in more purchases.
Some observers warn that a significant decline in Bitcoin’s price or MicroStrategy’s stock could trigger a cascade effect. A sharp fall in MSTR shares would weaken the collateral backing its loans, potentially leading to forced asset sales, including BTC.
This scenario could exert downward pressure on the broader cryptocurrency market, as the company holds 2.2% of the global Bitcoin supply now.
Thus, while some view Michael Saylor’s approach as a bold bid to cement the cryptocurrency’s role in the financial system, others see it as unsustainable. History offers a cautionary note: in 2000, MSTR shares surged to $333 before plummeting 99%, a collapse that took 24 years to recover from.
National homebuilder ranked No. 12 on inaugural list ranking companies based on trust
SCOTTSDALE, Ariz., Dec. 23, 2024 /PRNewswire/ — With a longstanding reputation for trust, national homebuilder and land developer Taylor Morrison (NYSE:) (NYSE: ™HC) has been recognized by Forbes on their inaugural list of the Most Trusted Companies in America. The homebuilder ranked No. 12 out of 300 companies across all industries.
“There are few things more powerful than trust and it’s something we strive to earn amongst all company stakeholders, from our customers to our team members, our shareholders, and our local communities,” said Taylor Morrison Chairman and CEO Sheryl Palmer. “To be included on this esteemed list in its inaugural year is especially meaningful and these awards are important reminders of the relationships we’re building across all aspects of our business.”
Fueled by hundreds of millions of data points, the Most Trusted Companies in America list combines data on a wide range of factors across four categories: employee trust, customer trust, investor trust and media sentiment. The ranking was created in partnership with research companies HundredX, Signal AI and Glassdoor.
Taylor Morrison also earned the No. 67 spot on Forbes’ inaugural America’s Best Companies list. The ranking is Forbes’ most comprehensive company ranking to date and factored in ratings for financial performance, customer and employee satisfaction, cybersecurity, sustainability, companies’ remote work policies, media coverage and more. Forbes’ America’s Best Companies list assessed more than 60 metrics across 11 primary categories to identify which organizations excel across the board. Of the more than 2,000 U.S.-based publicly traded companies that were eligible, only 300 qualified for each list.
In addition to being named among the Most Trusted and Best Companies in America by Forbes, Taylor Morrison holds several additional accolades including being named on Newsweek’s America’s Most Responsible Companies and America’s Greenest Companies lists, U.S. News & World Report’s Best Companies to Work For list, the American Opportunity (SO:) Index, America’s Most Trusted ® Home Builder for nine years, Hearthstone’s 2021 BUILDER Humanitarian Award, and inclusion on the Fortune 500 list since 2021.
About Taylor Morrison
Headquartered in Scottsdale, Arizona, Taylor Morrison is one of the nation’s leading homebuilders and developers. We serve a wide array of consumers from coast to coast, including first-time, move-up, luxury and resort lifestyle homebuyers and renters under our family of brands”including Taylor Morrison, Esplanade and Yardly. From 2016-2024, Taylor Morrison has been recognized as America’s Most Trusted ® Builder by Lifestory Research. Our long-standing commitment to sustainable operations is highlighted in our annual Sustainability and Belonging Report.
For more information about Taylor Morrison, please visit www.taylormorrison.com.
CONTACT:
media@taylormorrison.com
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