News: 2024.03.20
The Association of Banks welcomes the passage of the "Maintenance of National Security Bill" and believes that this legislation is an important step for the Hong Kong Special Administrative Region to fulfill its constitutional responsibilities in accordance with Article 23 of the Basic Law.
The Association of Banks pointed out that during the public consultation process, the SAR government actively communicated with all walks of life and fully considered the opinions and suggestions of different stakeholders, which helped ensure the fairness and transparency of the legislation.
The Association of Banks believes that the passage of the "Maintaining National Security Bill" will help maintain Hong Kong's social stability and financial security, and provide a more stable and reliable business environment for the financial industry.
The Association of Banks calls on all financial institutions to strictly abide by the "Regulations on Safeguarding National Security", ensure that their business operations comply with laws and regulations, and actively participate in relevant training and publicity activities to improve employees' legal awareness and risk prevention capabilities.
The Association of Banks emphasized that financial institutions should strengthen cooperation with regulatory agencies, promptly report any situation that may involve national security, and jointly maintain Hong Kong's financial stability and security.