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1. While #China imposed a new law that can expel elected lawmakers directly, HK regulators attempted to comfort foreign investors in this int'l city by claiming "financial institutions can implement US sanctions" w/o fear of violating #nationalsecuritylawā€¦
2. However, the advice completely contradicts #CCP's latest political red line, from its new sanction toolkits #UnreliableEntityList on foreign companies to the escalating economic sanctions on #Australia.ā€¦
3. When even #China's tech giant #AntIPO was suddenly halted, with recent restrictions on #Alibaba, it becomes doubtful whether foreign firms will be spared amid Beijing's unpredictable retaliation.
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