U.S. State Department issues sanctions warning to banks over Hong Kong crackdown

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The U.S. State Department on Wednesday warned international financial institutions doing business with individuals deemed responsible for China's crackdown in Hong Kong that they could soon face tough sanctions.

WASHINGTON - The U.S. State Department on Wednesday warned international financial institutions doing business with individuals deemed responsible for China’s crackdown in Hong Kong that they could soon face tough sanctions.

In a report to Congress, the State Department named 10 people, including Hong Kong’s chief executive Carrie Lam, all of whom have already been sanctioned, and said within 60 days it would identify financial institutions that conduct significant transactions with them. The State Department report, required under the Hong Kong Autonomy Act, comes at a time when relations between the United States and China, the world’s two biggest economies, have plunged to the lowest point in decades in the run-up to President Donald Trump’s Nov. 3 re-election bid.

 

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CCP ia a real anemy, bigger threat than any others, to the world by all means World should not pander to the Chinese market

To made it better, the law should also include their relatives as well. Btw, I am sure some of them are still using iPhone now so Apple should have something to do about that.

CCPChina & HK gov has intentionally cancelled legislative council election for a year, kept on suppressing & arresting dissidents, disqualified teachers who believe critical thinking over brainwashing, etc. Sanctions are the most peaceful way to punish the violators of freedom.

RMB vs USD

US crackdown on protestors resulted in scores of deaths. So who is going to sanction them?

Some say that is going to be a post pandemic war between China and Hong Kong

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