Hong Kong braces for Monday deadline as Trump’s report puts HSBC, lenders back into sanctions spotlight

//Hong Kong braces for Monday deadline as Trump’s report puts HSBC, lenders back into sanctions spotlight

Hong Kong braces for Monday deadline as Trump’s report puts HSBC, lenders back into sanctions spotlight

Hong Kong’s financial sector could soon find itself back in the middle of an uncomfortable tug of war between China and the United States over Beijing’s imposition of a controversial national security law for the city in late June.The Trump administration is facing a deadline on Monday to identify, in a report to the US Congress, individuals who facilitated the “erosion” of Beijing’s obligations under the Basic Law. Critics argue the sweeping powers under the national security law impinge on…

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By | 2020-10-11T02:00:14+00:00 October 11th, 2020|Business|Comments Off on Hong Kong braces for Monday deadline as Trump’s report puts HSBC, lenders back into sanctions spotlight