https://www.scmp.com/news/hong-kong/politics/article/3084924/caught-between-china-and-united-states-why-hong-kong-latest
At the heart of the Hong Kong issue is the enactment of a national security law required by Article 23 of the
Basic Law
the city’s mini-constitution. The law prohibits acts of “treason, secession, sedition, or subversion”.
A hard way to do this is to pass the national security law and add it to Annex III of the Basic Law, the NPC Standing Committee, the country’s top legislative body, to reinterpret some colonial ordinances and turn them into a de facto national security law, a source familiar with the discussion said.
One such possible area is the export controls of technology. A part of HRDA specifically asks for a report on Hong Kong’s enforcement of technology trade controls will be interfered by the US govt to enforce US versions of interference similar to an Export List of controls enacted against Huawei which US does not have jurisdiction, then they will just take away the rights of Hong Kong autonomy status, and nothing more they can do.
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What is the effects of Hong Kong when it’s Free Trade and independent self autonomy status is taken away?
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The effects of depegging the HK$ from the US$ and back to the RMB$.
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How technology trade restrictions will affect Hong Kong?
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Will Hong Kong still be the Financial Hub of the entire Asia?
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Might be a good thing for a Financial reset to Digital currency since Wall Street is doomed to collapse in September 2020, where over US$600 trillions of derivatives futures contracts not backed by Gold will instantly collapse.
