iShares MSCI Hong Kong (ETF:EWH), (FLHK) Hong Kong Pro-Democracy Lawmakers Resign Following China Ruling


Source: benzinga.com benzinga.com

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The members of the Hong Kong's elected pro-democracy opposition announced they will resign on Wednesday in protest over four lawmakers being expelled, reports the BBC. What Happened: Earlier this year, China passed a wide-ranging security law for Hong Kong that makes it easier to punish protesters and reduces the city's autonomy. On Wednesday, Beijing passed a resolution allowing the city's government to dismiss politicians who are deemed a threat to national security. This decision was passed by China's legislative body, which allows Hong Kong's executive to expel elected lawmakers directly without having to go through the courts. Why It Matters:...