Chow Hang-tung and Lee Cheuk-yan, former leaders of the Hong Kong Alliance in Support of Patriotic Democratic Movements of China, have pleaded not guilty to charges of inciting subversion under the sweeping national security law imposed by China on Hong Kong in 2020.

The case centers on the alliance’s long-standing slogan calling for an end to one-party rule in China, which prosecutors argue amounted to encouraging unlawful efforts to overthrow the leadership of the ruling Communist Party.

Prosecutor Ned Lai told the court that freedoms of speech, assembly and association could not supersede national security legislation, accusing the defendants of attempting to frame the proceedings primarily as a human rights dispute.

“The freedoms of speech, association and assembly mentioned by D2 and D4 are not ‘trump cards’ that can override the law,” Lai said, referring to the defendants by their court identification numbers.

Defense lawyer Erik Shum, representing Lee, argued that prosecutors had failed to establish evidence showing what unlawful acts the alliance had allegedly urged residents to commit.

During earlier hearings, Lee rejected the prosecution’s interpretation of the slogan “ending one-party rule,” saying it referred to democratic reform rather than the removal of Communist Party leadership through illegal means. Chow, a barrister representing herself, argued that her writings were intended to encourage public understanding of democratic aspirations in mainland China rather than incite hatred or unlawful action.

A third defendant, veteran activist Albert Ho, pleaded guilty when proceedings opened in January, a move that could reduce his sentence if convicted.
The trial has become one of the most closely watched national security cases in Hong Kong since Beijing introduced the law following large-scale anti-government protests in 2019.

Critics, including international rights groups, say the legislation has sharply curtailed political dissent and civil liberties in the financial hub. Chinese and Hong Kong authorities maintain the law restored stability after months of unrest.

Amnesty International said the prosecution relied on “vague, overly broad and arbitrary definitions” of subversion and called for the charges against Chow and Lee to be dropped.

For decades, Hong Kong hosted the only large-scale public commemorations on Chinese soil marking the June 4 Tiananmen crackdown, drawing tens of thousands annually to candlelight vigils. Authorities banned the gatherings in 2020, citing pandemic restrictions, and the former vigil site has since hosted events organized by pro-Beijing groups.

The hearing is expected to continue into the afternoon, though judges have not indicated when a verdict may be delivered.

Trump told reporters at the White House that Taiwan policy would remain part of discussions with Xi despite Beijing’s longstanding opposition to U.S. military support for the island.

“President Xi would like us not to,” Trump said when asked about continued U.S. weapons sales to Taiwan. “That’s one of the many things I’ll be talking about.”
China regards Taiwan as part of its territory and has repeatedly condemned U.S. military assistance to the democratically governed island, while Taiwan rejects Beijing’s sovereignty claims.

The United States maintains a “one-China policy,” formally recognizing Beijing while remaining legally obligated under U.S. law to help Taiwan maintain defensive capabilities.

Tensions between Washington and Beijing intensified in December when the Trump administration approved an arms package for Taiwan valued at more than $11 billion, the largest such deal announced by the United States.

Trump administration officials have also recently urged Taiwan to increase defense spending as pressure from China continues to grow in the Taiwan Strait.

Despite heightened regional tensions, Trump said he did not believe military conflict over Taiwan would erupt during his presidency, citing his personal relationship with Xi.

In Taipei, Foreign Ministry spokesperson Hsiao Kuang-wei said Taiwan would continue strengthening defense cooperation with Washington and building deterrence capabilities to preserve regional stability.

Trump also said he intended to raise the case of Lai, the founder of the now-closed Apple Daily newspaper and one of Hong Kong’s most prominent pro-democracy figures.

Lai was sentenced in February to 20 years in prison on charges including conspiracy to collude with foreign forces and publishing seditious materials under Hong Kong’s national security framework.

“People would like him out, and I’d like to see him get out too,” Trump said, adding that he had previously discussed the matter with Chinese officials.
Lai’s imprisonment has drawn criticism from Western governments and international rights organizations, which argue that Beijing’s national security crackdown has sharply curtailed civil liberties and press freedom in Hong Kong.

Trump said he would also raise the detention of Jin Mingri, leader of the independent Zion Church, who was arrested after Chinese authorities tightened restrictions on unauthorized religious activity and online preaching.

The sanctions target what U.S. officials described as a procurement network supporting Iran’s defense sector amid continuing regional tensions and stalled diplomatic efforts tied to the conflict involving Tehran and its regional allies.

The Treasury Department said the measures were aimed at entities and individuals allegedly involved in facilitating the acquisition of sensitive materials and technology for Iran’s military-industrial apparatus, including components linked to the production of Shahed unmanned aerial vehicles.

The action comes days before U.S. President Donald Trump is expected to travel to China for talks with Chinese President Xi Jinping, at a time when negotiations tied to the broader Iran conflict have shown little progress.

“Under Trump’s decisive leadership, we will continue to act to Keep America Safe and target foreign individuals and companies providing Iran’s military with weapons for use against U.S. forces,” Treasury Secretary Scott Bessent said in a statement.

The Treasury did not immediately disclose the full list of sanctioned parties in the initial announcement, but said several of the targeted entities operated from China and Hong Kong and were involved in supplying materials tied to Iran’s drone manufacturing capabilities.

Iran’s Shahed drones have become a central component of the country’s military strategy and have drawn international scrutiny over their deployment across regional conflicts. Western governments have repeatedly accused Tehran of expanding its drone production and export networks despite existing sanctions regimes.

The latest measures freeze any U.S.-based assets belonging to the designated parties and generally prohibit Americans from conducting business with them. Secondary sanctions risks may also apply to foreign financial institutions engaging with sanctioned entities.

Washington has steadily expanded sanctions targeting Iran’s defense procurement channels since the outbreak of heightened regional hostilities, focusing increasingly on overseas intermediaries and companies accused of supplying dual-use technology and industrial materials.

The fire, which spread across seven of eight buildings in the Wang Fuk Court complex, displaced roughly 4,600 residents, many of whom have since been living in temporary housing across the city. Officials have allowed controlled access for residents to inspect their homes and recover belongings, with visits scheduled through early May.

Among those returning is 78-year-old Keung Mak, who lived in his apartment for more than four decades. He said he expected to find little remaining after seeing photographs of severe structural damage, including exposed steel reinforcement and debris-strewn floors. His wife, Kit Chan, said most personal items of sentimental value, including family photographs and letters, were likely destroyed.

Authorities have imposed strict limits on access due to safety concerns, typically allowing up to four people per unit for a maximum of three hours, with further restrictions in severely damaged apartments. Many buildings remain structurally compromised, with elevators out of service, posing challenges for elderly residents, who accounted for over one-third of the complex’s population before the fire.

Local officials said more than 1,400 of those registered to return are aged 65 or older. Some residents have undertaken physical preparation to climb stairs in high-rise buildings, where access remains limited.Investigations into the cause of the fire are ongoing.

A lawyer involved in an independent inquiry has indicated that most fire safety systems in the complex failed on the day of the incident due to human error, though authorities have yet to release final findings.Residents have reported ongoing psychological distress, with some describing difficulty sleeping and persistent anxiety months after the event.

Others expressed concern about the condition of their properties and the risk of theft following reports of looting, which led to arrests earlier this year.The Hong Kong government has signaled that demolishing the heavily damaged buildings may be more viable than repairs and has proposed buying back ownership rights from affected residents.

The proposal has drawn mixed responses, with some residents questioning whether less-damaged units could be restored.For others, the emotional toll remains a key factor in decisions about resettlement. Some residents from the only building that escaped the fire have indicated reluctance to return, citing ongoing trauma and the proximity to the site where neighbors and acquaintances died.

Authorities have said further decisions on reconstruction and compensation will depend on the outcome of structural assessments and the final investigation report.

Treasury Secretary Scott Bessent said the administration had cautioned governments and banks that continued transactions involving Iranian oil could trigger punitive measures. “If you are buying Iranian oil, that if Iranian money is sitting in your banks, we are now willing to apply secondary sanctions,” he told reporters at the White House.

The warning comes as the U.S. enforces a naval blockade on Iran that began earlier this week, with officials saying they expect the move to curb purchases by key buyers, particularly China, which has accounted for the majority of Iran’s seaborne oil exports.

Bessent said the Treasury had contacted two Chinese banks, warning that they could face sanctions if evidence shows Iranian funds moving through their systems. China’s embassy in Washington did not immediately respond to requests for comment.

Separately, the U.S. Treasury announced sanctions targeting Iran’s oil transportation network, including more than two dozen individuals, companies and vessels, as part of a broader effort to disrupt the country’s energy exports.

The measures follow the administration’s decision not to renew a 30-day sanctions waiver issued on March 20 that had allowed Iranian oil shipments already at sea to reach global markets.

The waiver, which Bessent said facilitated the delivery of about 140 million barrels, is set to expire on April 19.Washington has also allowed a similar waiver covering Russian oil shipments to lapse, reinforcing its broader sanctions enforcement strategy.

U.S. officials said letters had been sent to jurisdictions including China, Hong Kong, the United Arab Emirates and Oman, identifying financial institutions allegedly linked to Iranian transactions and warning of potential enforcement actions.

The steps are part of what the administration has described as a “maximum pressure” campaign aimed at curbing Iran’s oil revenues and limiting its ability to finance regional activities.

Curtis, speaking alongside fellow lawmakers including Jeanne Shaheen, said Taiwan should draw lessons from Hong Kong, where Beijing imposed a sweeping national security law in 2020 following unrest, a move critics say curtailed freedoms.

The visit comes as President Lai Ching-te seeks approval for an additional $40 billion in defence spending, a proposal backed by Washington but currently stalled in the opposition-controlled parliament.

Taiwan’s government says the funding is necessary to strengthen deterrence against China, which claims the island as its territory. Opposition parties have expressed support in principle for defence measures but have resisted approving what they describe as open-ended commitments.

Curtis said Taiwan risked misjudging Beijing’s intentions if it ignored the trajectory of Hong Kong since its return to Chinese rule in 1997 under a framework guaranteeing autonomy.“My biggest worry for Taiwan is that they underestimate the intentions of China,” Curtis said, urging vigilance despite aspirations for peace.

China has simultaneously stepped up engagement with Taiwan’s opposition. Beijing has invited Cheng Li-wun, leader of the Kuomintang, to visit, a trip she has described as a “peace mission.”

Taiwan’s Mainland Affairs Council said China’s objective of annexation had not changed and cautioned against what it called “illusions” about peace, reflecting ongoing tensions across the Taiwan Strait.

In a statement released late on Saturday, the ministry’s Hong Kong office said Commissioner Cui Jianchun met U.S. Consul General Julie Eadeh on March 27 and conveyed “strong dissatisfaction and firm opposition” to the alert, calling on the United States to stop intervening in Hong Kong matters “in any form.

”The dispute follows recent amendments to Hong Kong’s national security enforcement rules, which make it an offence in national security cases to refuse to provide passwords or other assistance to access electronic devices.

In response, the U.S. Consulate General in Hong Kong issued a public alert on March 26 advising U.S. citizens to contact the consulate if they are arrested or detained in connection with the updated rules.

The alert highlighted concerns over the expanded scope of enforcement powers under the revised framework.The U.S. Consulate General did not immediately respond to a request for comment outside business hours.

The exchange underscores ongoing tensions between Beijing and Washington over Hong Kong’s governance and legal environment, particularly since the introduction of national security measures that foreign governments have said could affect civil liberties and legal protections.

Chinese authorities have consistently defended the measures as necessary to safeguard stability and national sovereignty, rejecting external criticism as unwarranted interference.

The measures expand enforcement powers under the Hong Kong national security law, introduced by Beijing in 2020 following large-scale pro-democracy protests in the financial hub.

The latest amendments mandate that individuals hand over “any password or other decryption method” needed for police to access electronic devices believed to contain evidence.

The rules apply not only to those under investigation for national security offences but also to individuals who own, possess, or are authorized to access the relevant devices, as well as anyone with knowledge of the required passwords or decryption tools.

Failure to comply constitutes a criminal offence, marking a shift from previous practice, where refusal to unlock devices was not treated as obstruction.The amendments were formulated under the direction of Chief Executive John Lee in coordination with the National Security Commission.

A government spokesperson said the measures aim to ensure that activities endangering national security can be “effectively prevented, suppressed and punished,” while safeguarding the lawful rights and interests of individuals and organizations.

Hong Kong has further strengthened its legal framework with an additional security law enacted in 2024, complementing the broader legislation imposed after the 2019 unrest.

China Merchants Securities, citing industry forecasts, said last month the figure could exceed $2 trillion by 2030.

China’s securities watchdog has advised some local brokerages to pause their real-world asset (RWA) tokenisation business in Hong Kong, said two sources, signalling Beijing’s concerns of a euphoric drive towards a booming digital assets market offshore.

The RWA tokenisation process usually converts traditional assets such as stocks, bonds, funds and even real estate, into digital tokens traded on a blockchain. A raft of Chinese firms, including brokerages, have launched RWAs in Hong Kong over the past few months.

At least two leading brokerages have received informal guidance from the China Securities Regulatory Commission (CSRC) in recent weeks to refrain from conducting RWA business offshore, said the sources with knowledge of the matter.

One of the sources said the latest regulatory guidance is aimed at strengthening risk management of a new business and making sure the claims made by companies are backed by strong, legitimate businesses.

The move comes as Hong Kong over the past year ramped up efforts to position the Asian financial centre as a digital assets hub, with many firms, including Chinese brokerages, preparing for the launch of virtual asset trading, investment advisory and virtual asset management.

China, once the world’s biggest bitcoin trading and mining centre, on the other hand, has taken a cautious approach towards digital assets after it banned cryptocurrency trading and mining in 2021 due to financial system stability concerns.

Last month, Chinese regulators asked big local brokers to halt publication of research endorsing stablecoins in a bid to curb a surge in interest in the digital currency among domestic investors, Reuters has reported, citing sources.

Beijing’s latest move comes even as Hong Kong said in June its Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA) are conducting a legal review of RWA tokenisation, drawing on international experience.

The global RWA market is currently worth around $29 billion, according to data provider RWA.xyz. China Merchants Securities, citing industry forecasts, said last month the figure could exceed $2 trillion by 2030.

China, once the world’s biggest bitcoin trading and mining centre, on the other hand, has taken a cautious approach towards digital assets after it banned cryptocurrency trading and mining in 2021 due to financial system stability concerns.

Last month, Chinese regulators asked big local brokers to halt publication of research endorsing stablecoins in a bid to curb a surge in interest in the digital currency among domestic investors, Reuters has reported, citing sources.

Beijing’s latest move comes even as Hong Kong said in June its Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA) are conducting a legal review of RWA tokenisation, drawing on international experience.

The global RWA market is currently worth around $29 billion, according to data provider RWA.xyz. China Merchants Securities, citing industry forecasts, said last month the figure could exceed $2 trillion by 2030.

Washington (AP) — The U.S. said Tuesday it is sanctioning a group of people and firms from Iran, China and Hong Kong associated with the alleged development of Iran’s ballistic missile program.

The network of seven people and six firms “facilitated procurement of sensitive and critical parts and technology for key actors in Iran’s ballistic missile development,” including Iran’s defense ministry and its affiliated firms, according to the Treasury Department.

Among the sanctions targets are the China-based firm Zhejiang Qingji, which has allegedly sold centrifuges and other materials to an Iran-based firm affiliated with the nation’s defense ministry. Also designated for sanctions were several executives at Qingji and the Hong Kong-based Lingoe Process Engineering Limited, which Treasury said served as a front company for the Chinese firm.

Also named is Iran’s Defense Attaché in Beijing, Davoud Damghani, who is alleged to coordinate purchases from China for Iran end-users.

Among other things, the sanctions deny the people and firms access to any property or financial assets held in the U.S. and prevent U.S. companies and citizens from doing business with them.

The latest round of financial penalties comes as Iran recently claimed that it has created a hypersonic missile capable of traveling at 15 times the speed of sound, adding a new weapon to its arsenal as tensions remain high with the United States over Tehran’s nuclear program.

Tensions between the U.S. and Iran are also high amid months of antigovernment protests in Iran and Western anger at Iran’s export of attack drones to Russian forces fighting in Ukraine.

Brian E. Nelson, Treasury’s undersecretary for terrorism and financial intelligence, said the U.S. “will continue to target illicit transnational procurement networks that covertly support Iran’s ballistic missile production and other military programs.”