Sunday, 18 Jul 2021 08:09 AM MYT
A Star Ferry sails past Hong Kong’s business Central district June 18, 2014. Reuters pic
Follow us on Instagram and subscribe to our Telegram channel for the latest updates.
WASHINGTON, July 18 The United States on Friday warned its business community of growing risks of operating in Hong Kong due to China’s clampdown, as an increasing number of Western companies consider abandoning the historic financial hub.
The United States also imposed sanctions on seven more Chinese officials in Hong Kong as it vowed there would be a price for Beijing’s imposition of a draconian security law a year ago.
Jul 18, 2021
China said Hong Kong’s future leader needs to tackle the city’s housing crisis in the latest sign that the Asian financial hub’s expensive residential real estate market is a priority for Beijing as Chinese officials seek to reassert their legitimacy following unrest.
With a national security law ensuring stability and prosperity in the city, Hong Kong’s housing problems should be “greatly improved” by 2049, Xia Baolong, the director of the Cabinet-level Hong Kong and Macau Affairs Office in Beijing, told a private gathering of the Hong Kong’s senior-most officials on Friday. Xia was alluding to a year that marks 100 years since the Communist Party came to power in China.
Daily Times
July 17, 2021
The United States on Friday warned its business community of growing risks of operating in Hong Kong due to China’s clampdown, as an increasing number of Western companies consider abandoning the historic financial hub.
The United States also imposed sanctions on seven more Chinese officials in Hong Kong as it vowed there would be a price for Beijing’s imposition of a draconian security law a year ago. “Beijing has chipped away at Hong Kong’s reputation of accountable, transparent governance and respect for individual freedoms and has broken its promise to leave Hong Kong’s high degree of autonomy unchanged for 50 years,” Secretary of State Antony Blinken said in a statement. “Today we send a clear message that the United States resolutely stands with Hong Kongers,” Blinken said.
U.S. sanctions Chinese officials for democratic suppression in Hong Kong | Wall Street Journal Free Press News
The United States imposed sanctions on seven Chinese officials for Beijing’s suppression of democracy in Hong Kong. This is Washington’s latest effort to hold China responsible for the erosion of the rule of law in its so-called former British colonies.
The sanctions issued by the U.S. Treasury Department on Friday targeted individuals in the Hong Kong Liaison Office, and Beijing used these individuals to plan its policies on Chinese territory.
According to online information, the seven people included in the Ministry of Finance’s “Specially Designated Nationals” list are Chen Dong, He Jing, Lu Xinning, Qiu Hong, Tan Tierui, Yang Jianping, and Yin Zonghua, deputy directors of the Liaison Office.