The State Department is warning international financial institutions that they may soon face U.S. sanctions for doing business with officials who undermine Hong Kong’s autonomy and freedoms.
In an Oct. 14 report to Congress, mandated by the Hong Kong Autonomy Act that was signed into law in July by President Donald Trump, the department identified 10 individuals, including Hong Kong leader Carrie Lam, whose actions have “undermined freedoms of assembly, speech, press, or the rule of law.”
