Australian PM Morrison: Suspending extradition treaty with Hong Kong
|
Announcing measures to assist the Hong Kong (HK) residents on Thursday, Australia’s Prime Minister (PM) Scott Morrison said that they will suspend the extradition treaty with HK.
Additional quotes
“Concerned at imposition of national security law on Hong Kong.”
“Immigration program offers opportunities to Hong Kong citizens.”
“Will be extending visas by five years from today for skilled and graduate visa holders.”
“Offering a pathway to permanent residency. “
“To look at new incentives and arrangements to attract export-orientated Hong Kong-based businesses to relocate to Australia.”
“Same rules apply to getting a student visa and to getting a temporary work visa.”
“Around 10,000 Hong Kong citizens, residents are in Australia on student visas or on temporary work visas.”
“Not anticipating a surge of arrivals as a result of this change.”
“Not talking about tens of thousands of applications.”
Market reaction
AUD/USD is little changed on the above announcement, wavering around 0.6975, as the bears keep control amid a bit of a risk-off market mood.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.