US issued a new Hong Kong Business Advisory, and sanctioned 7 Chinese officials (deputy directors of the China Liaison Office in Hong Kong) under the Hong Kong Autonomy Act of 2020.
home.treasury.gov/policy-issues/…
home.treasury.gov/policy-issues/…
1/ They outline 4 risks for business/individuals in HK
-risks for businesses following the imposition of the NSL
-data privacy risks
-risks regarding transparency and access to critical business info
-risks for businesses with exposure to sanctioned HK or PRC entities/individuals
-risks for businesses following the imposition of the NSL
-data privacy risks
-risks regarding transparency and access to critical business info
-risks for businesses with exposure to sanctioned HK or PRC entities/individuals
2/ Sanction list:
- Chen, Dong 陈冬
- He, Jing 何靖
- Lu, Xinning 卢新宁
- Qiu, Hong 仇鸿
- Tan, Tieniu 谭铁牛
- Yang, Jianping 杨建平
- Yin, Zonghua 尹宗华
- Chen, Dong 陈冬
- He, Jing 何靖
- Lu, Xinning 卢新宁
- Qiu, Hong 仇鸿
- Tan, Tieniu 谭铁牛
- Yang, Jianping 杨建平
- Yin, Zonghua 尹宗华
3/
Individuals and entities should be aware of potential consequences of certain types of engagement with sanctioned individuals or entities.
Individuals and entities should be aware of potential consequences of certain types of engagement with sanctioned individuals or entities.
4/
“Businesses operating in Hong Kong may face heightened risks and uncertainty related to PRC retaliation against companies that comply with sanctions imposed by the United States and other countries, including through enforcement of the Countering Foreign Sanctions Law.”
“Businesses operating in Hong Kong may face heightened risks and uncertainty related to PRC retaliation against companies that comply with sanctions imposed by the United States and other countries, including through enforcement of the Countering Foreign Sanctions Law.”
The newest warnings from the US government is in line with the recommendations on @AtlanticCouncil’s latest report Hong Kong’s Future on Edge”, partnered with SWHK.
atlanticcouncil.org/in-depth-resea…
atlanticcouncil.org/in-depth-resea…
White House @PressSec Jen Psaki holds a press briefing on Biden administration's advisory to warn American companies about the risks of doing business in Hong Kong as China tightens its hold on the semi-autonomous region.
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