Hong Kong is no longer autonomous from China, says Mike Pompeo

HONG KONG (Reuters) - U.S. Secretary of State Mike Pompeo said Hong Kong no longer qualifies for its special status under U.S. law, unnerving investors worried about the risk to the Chinese-ruled city's status as a global financial hub.

His comments came after Beijing's proposal last week to directly impose national security legislation in China's freest city, stoking global concerns over freedoms in the former British colony and reviving anti-government protests.

China's National People's Congress, or parliament, on Thursday approved the decision to go forward with the national security law that would tackle secession, subversion, terrorism and foreign interference. It is expected to be enacted before September.