US warns companies about doing business in Hong Kong
MATTHEW LEE, AP Diplomatic Writer
July 16, 2021
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People visit the annual book fair in Hong Kong Wednesday, July 14, 2021. Booksellers at Hong Kong s annual book fair are offering a reduced selection of books deemed politically sensitive, as they try to avoid violating a sweeping national security law imposed on the city last year.Matthew Cheng/AP
WASHINGTON (AP) The Biden administration issued a blanket warning Friday to U.S. firms about the risks of doing business in Hong Kong as China continues to clamp down on political and economic freedoms in the territory.
2021/07/17 10:14 People visit the annual book fair in Hong Kong Wednesday, July 14, 2021. Booksellers at Hong Kong s annual book fair are offering a reduced selection . People visit the annual book fair in Hong Kong Wednesday, July 14, 2021. Booksellers at Hong Kong s annual book fair are offering a reduced selection of books deemed politically sensitive, as they try to avoid violating a sweeping national security law imposed on the city last year. (AP Photo/Matthew Cheng) WASHINGTON (AP) The Biden administration issued a blanket warning Friday to U.S. firms about the risks of doing business in Hong Kong as China continues to clamp down on political and economic freedoms in the territory.
Jul 17, 2021
Washington – The United States imposed sanctions on Friday on seven Chinese officials over Beijing’s crackdown on democracy in Hong Kong, Washington’s latest effort to hold China accountable for what it calls an erosion of rule of law in the former British colony.
The sanctions, posted by the U.S. Treasury Department, target individuals from China’s Hong Kong liaison office, used by Beijing to orchestrate its policies in the Chinese territory.
The seven people added to Treasury’s “specially designated nationals” list were Chen Dong, He Jing, Lu Xinning, Qiu Hong, Tan Tienui, Yang Jianping, and Yin Zonghua, all deputy directors at the liaison office, according to online bios.
A woman wearing a face mask walks past a bank s electronic board showing the Hong Kong share index in Hong Kong on July 16. (AP Photo)
WASHINGTON The Biden administration issued a blanket warning Friday to U.S. firms about the risks of doing business in Hong Kong as China continues to clamp down on political and economic freedoms in the territory.
Four Cabinet agencies the departments of State, Treasury, Commerce and Homeland Security released the nine-page advisory that alerts companies about the shifting legal landscape in Hong Kong and the possibility that engaging with Hong Kong business could incur reputational and legal damages.