U.S. House passes bill to sanction Chinese banks over Hong Kong

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The U.S. House of Representatives passed legislation on Wednesday that would penalize banks doing business with Chinese officials who implement a national security law that House Speaker Nancy Pelosi called a 'brutal, sweeping crackdown' on Hong Kong.

FILE PHOTO: The U.S. Capitol Building is seen before U.S. President Donald Trump is expected to deliver the State of the Union address on Capitol Hill in Washington, U.S., February 4, 2020. REUTERS/Joshua Roberts

The measure passed by unanimous consent, reflecting concern in Washington over China’s enactment of a security law seen as ending the autonomy that allowed the former British colony to thrive as an international financial center. Earlier, Pelosi made an unusual appearance at a committee hearing on the situation in Hong Kong to say the security law marked the death of the “One Country, Two Systems” principle.

 

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When India officially stripped Kashmir of its autonomy status and cut off telephone and Internet service last year for 12 million people, where was the western outrage and sanction?

ChouTi1982 Does XI care?

It is simply unreasonable for the US House of Representatives to interfere in the internal affairs of other countries.

Damnit! Where will the U.S. get its money from the EU?

Hong Kong security law | Hundreds arrested on first day of Hong Kong national security law

They should add the banks that operate there as well (HSBC, STD CHTD, etc)

China A share banking sector rise 2% to celebrate this bill. Wall street talks, not house.

然并卵。

I hope similar action such as sanctions be brought against Israel over illegal annexation on Westbank.

Bank of China

tRump would veto this

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