U.S. warns banks as it names five more Chinese officials under Hong Kong act - News Summed Up

U.S. warns banks as it names five more Chinese officials under Hong Kong act


WASHINGTON (Reuters) – The United States on Monday named five already-sanctioned Chinese officials it said had contributed to undermining Hong Kong’s democracy and warned that foreign financial institutions that conduct business with them would be subject to sanctions. A six-monthly State Department report to Congress named the five as Chen Dong, He Jing, Lu Xinning, Tan Tienui and Yin Zonghua, all deputy directors at China’s Hong Kong liaison office. Naming the five bought to 39 the number of officials so designated under the terms of the U.S. Hong Kong Autonomy Act since October last year. The United States has thus far not sanctioned any foreign financial institution for doing business with those named in accordance with the Hong Kong act, which became law last year. The five individuals named on Monday were among seven Chinese official sanctioned in July over China’s crackdown on democracy in Hong Kong.


Source: MetroXpress December 20, 2021 22:53 UTC



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