Chinese ambassador summoned to Foreign Office after men charged with ‘spying for Hong Kong’
China’s ambassador to the UK has been summoned to the Foreign Office after three people were charged with spying for Hong Kong.
The Foreign Office said it was “unequivocal in setting out that the recent pattern of behaviour directed by China against the UK including cyber-attacks, reports of espionage links and the issuing of bounties is not acceptable”.
A spokesman said ambassador Zheng Zeguang was summoned on instruction from Foreign Secretary Lord Cameron after the men were charged under the National Security Act with assisting Hong Kong’s intelligence service and foreign interference.
Chi Leung (Peter) Wai, 38, Matthew Trickett, 37, and Chung Biu Yuen, 63, appeared at Westminster Magistrates’ Court on Monday.
It is alleged that between 20 December 2023 and 2 May, Yuen, Wai and Trickett agreed to undertake information gathering, surveillance and acts of deception that were likely to assist a foreign intelligence service.
It is also alleged that they forced entry into a UK residential address on 1 May.
The “bounties” mentioned by the Foreign Office are about money provided for information leading to the arrest of overseas nationals – something the Hong Kong government offered in July and December 2023.
A custody van arrives at Westminster Magistrates’ Court where the three men appeared. Pic: PA
Alicia Kearns, chair of the foreign affairs committee, said the Chinese ambassador being summoned was “a relief to hear and long overdue”.
“Hostile interference on UK soil is a serious issue for which we should have absolutely zero tolerance,” she said.
“We must be absolute on that with all countries.”
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The Chinese embassy in London on Monday denied all the allegations, strongly condemned the UK’s “unwarranted accusation” and said the UK has staged a “series of accusations against China”, with the claims about Chinese spies and cyber attacks “groundless and slanderous”.
“It must be stressed that Hong Kong has long returned to China. Hong Kong is China’s Hong Kong. The UK has no right and is in no position to point fingers at and meddle in Hong Kong affairs,” it added.
The three suspects were granted bail on Monday and will appear at the Old Bailey on 24 May.
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District Judge Louisa Cieciora said they must abide by conditions including a 10pm to 5am curfew, reporting weekly to their local police station, not travelling internationally and informing police of devices used to access the internet.
Trickett, Yuen and Wai were charged following an investigation led by officers from the Met’s counter-terrorism command in which 11 people were detained.
Eight men and a woman were arrested by officers on 1 May in the Yorkshire area, before a man was arrested in London and another man was arrested in the Yorkshire area the following day, the force said.
The seven men and one woman who were not charged were released from custody on or before 10 May.
Millionaire Tory donor Malcolm Offord has defected to Reform UK, saying he would be campaigning “tirelessly” to “remove this rotten SNP government”.
Nigel Farage announced the former Conservative life peer’s defection during a rally in the Scottish town of Falkirk, where regular anti-immigration protests have taken place outside the Cladhan Hotel – which is being used to house asylum seekers.
Mr Farage, Reform UK’s leader, said he was “delighted” to welcome Greenock-born Lord Offord to Reform, describing his defection as “a brave and historic act”.
He added: “He will take Reform UK Scotland to a new level.”
During a speech, Lord Offord, who previously donated nearly £150,000 to the Tories, said he would be quitting the Conservative Party and giving up his place in the House of Lords as he prepares to campaign for a seat in Holyrood in May.
The 61-year-old said he wanted to restore Scotland to a “prosperous, happy, healthy country”.
“Scotland needs Reform and Reform is coming to Scotland,” he told the rally.
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“Today I can announce that I am resigning from the Conservative Party. Today I am joining Reform UK and today I announce my intention to stand for Reform in the Holyrood election in May next year.
“And that means that from today, for the next five months, day and night, I shall be campaigning with all of you tirelessly for two objectives.
“The first objective is to remove this rotten SNP government after 18 years, and the second is to present a positive vision for Scotland inside the UK, to restore Scotland to being a prosperous, proud, healthy and happy country.”
The latest defection comes as Mr Farage finds himself at the centre of allegations of racism dating back to his time in school.
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Claims made against Nigel Farage
Sky News reported on Saturday that a former schoolfriend of Mr Farage claimed he sang antisemitic songs to Jewish schoolmates – and had a “big issue with anyone called Patel”.
Jean-Pierre Lihou, 61, was initially friends with the Reform UK leader when he arrived at Dulwich College in the 1970s, at the time when Mr Farage is accused of saying antisemitic and other racist remarks by more than a dozen pupils.
Mr Farage has said he “never directly racially abused anybody” at Dulwich and said there is a “strong political element” to the allegations coming out 49 years later.
Reform’s deputy leader Richard Tice has called the ex-classmates “liars”.
A Reform UK spokesman accused Sky News of “scraping the barrel” and being “desperate to stop us winning the next election”.
The European Commission’s proposal to expand the powers of the European Securities and Markets Authority (ESMA) is raising concerns about the centralization of the bloc’s licensing regime, despite signaling deeper institutional ambitions for its capital markets structure.
On Thursday, the Commission published a package proposing to “direct supervisory competences” for key pieces of market infrastructure, including crypto-asset service providers (CASPs), trading venues and central counterparties to ESMA, Cointelegraph reported.
Concerningly, the ESMA’s jurisdiction would extend to both the supervision and licensing of all European crypto and financial technology (fintech) firms, potentially leading to slower licensing regimes and hindering startup development, according to Faustine Fleuret, head of public affairs at decentralized lending protocol Morpho.
“I am even more concerned that the proposal makes ESMA responsible for both the authorisation and the supervision of CASPs, not only the supervision,” she told Cointelegraph.
The proposal still requires approval from the European Parliament and the Council, which are currently under negotiation.
If adopted, ESMA’s role in overseeing EU capital markets would more closely resemble the centralized framework of the US Securities and Exchange Commission, a concept first proposed by European Central Bank (ECB) President Christine Lagarde in 2023.
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EU plan to centralize licensing under ESMA creates crypto and fintech slowdown concerns
The proposal to “centralize” this oversight under a single regulatory body seeks to address the differences in national supervisory practices and uneven licensing regimes, but risks slowing down overall crypto industry development, Elisenda Fabrega, general counsel at Brickken asset tokenization platform, told Cointelegraph.
“Without adequate resources, this mandate may become unmanageable, leading to delays or overly cautious assessments that could disproportionately affect smaller or innovative firms.”
“Ultimately, the effectiveness of this reform will depend less on its legal form and more on its institutional execution,” including ESMA’s operational capacity, independence and cooperation “channels” with member states, she said.
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The broader package aims to boost wealth creation for EU citizens by making the bloc’s capital markets more competitive with those of the US.
The US stock market is worth approximately $62 trillion, or 48% of the global equity market, while the EU stock market’s cumulative value sits around $11 trillion, representing 9% of the global share, according to data from Visual Capitalist.
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