With tighter grip, Beijing sends message to Hong Kong tycoons: fall in line
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With tighter grip, Beijing sends message to Hong Kong tycoons: fall in line
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
HONG KONG (Reuters) - China s top legislature has postponed a vote on extending an anti-sanctions law to Hong Kong, the South China Morning Post said on Friday, as global banks and other financial institutions fret over the impact it could have on their operations. Beijing was expected to formally approve the law for the Chinese-ruled city on Friday to counter actions by foreign governments amid escalating geopolitical tensions. The central government hopes to listen to further views on the matter, the newspaper cited a mainland source as saying. Financial firms have been closely watching a meeting this week of the National People s Congress Standing Committee, the highest body of China s parliament, for signs on how and when the legislation will be introduced in Hong Kong. Beijing introduced the law in mainland China in June under which individuals or entities involved in making or implementing discriminatory measures against Chinese citizens or entities could be put on a mainland ant