Statement by ExCo Non-official Members
The following is issued on behalf of the Executive Council Secretariat:
Non-official Members of the Executive Council (ExCo Non-official Members) today (December 15) issued the following statement:
The Court of First Instance of the High Court convicted Lai Chee-ying of conspiracy to collude with a foreign country or with external elements to endanger national security and conspiracy to publish seditious publications, and ExCo Non-official Members welcome the verdict.
ExCo Non-official Members stated that Hong Kong is a society underpinned by the rule of law, consistently adhering to the principles that laws must be obeyed and lawbreakers be held accountable. The court's conviction demonstrates the justice of the law and upholds the core values of Hong Kong.
ExCo Non-official Members condemn any acts of collusion with foreign or external forces to endanger national security. Those who break the law must bear legal consequences for their unlawful actions, and convicted individuals got what they deserved.
ExCo Non-official Members will continue to support the Special Administrative Region Government in steadfastly fulfilling its responsibility to safeguard national security and making every effort to prevent, stop, and punish acts and activities that threaten national security.
Lai Chee-ying, Photo source: reference image
HKMA and AMCM sign revised MOU to further strengthen co-operation
The following is issued on behalf of the Hong Kong Monetary Authority:
The representatives of the Hong Kong Monetary Authority (HKMA) and the Monetary Authority of Macao (AMCM) held a meeting today (March 3) to foster closer financial co-operation between the two authorities in several key areas. During the meeting, they signed a revised Memorandum of Understanding (MOU).
The HKMA and the AMCM have maintained close co-operation in banking supervision for many years. Building on the existing framework, the revised MOU expands the scope of collaboration to cover additional areas including financial infrastructure linkage, information exchange on currency and data statistics, and industry training and engagement.
The Chief Executive of the HKMA, Mr Eddie Yue,said, "As core cities in the development of the Guangdong-Hong Kong-Macao Greater Bay Area, Hong Kong and Macao share a common goal to maintain financial stability and support financial development. Our joint efforts not only enhance mutual synergy but also enable both cities to make greater contributions to the country's economic and financial development. The revised MOU expands our co-operation to broader areas such as financial infrastructure and information exchange, laying a more solid foundation for deepening financial collaboration between Hong Kong and Macao."
The Chairman of the AMCM, Mr Simon Vong, said, "The financial co-operation between Macao and Hong Kong is built on solid foundations. In recent years, both sides have been continued to explore new areas for collaboration, including the bond market and financial infrastructures. The newly amended MOU will serve to deepen and broaden the comprehensive co-operation between the two authorities, enabling both parties to uphold the sustained and steady development of our financial markets, while also providing strong support for the national strategic goal of developing the Guangdong-Hong Kong-Macao Greater Bay Area into an international financial hub."
HKMA and AMCM sign revised MOU to further strengthen co-operation Source: HKSAR Government Press Releases
