China Summons US Ambassador Over Hong Kong Sanctions

"); jQuery("#212 h3").html("

"); });
2020-07-16 HKT 00:32
The Foreign Ministry in Beijing summoned the US ambassador on Wednesday to protest at Washington's sanctions over the national security law in Hong Kong, and said it would retaliate.
The warning was issued by Vice-Foreign Minister Zheng Zeguang to US Ambassador Terry Branstad hours after US President Donald Trump stripped Hong Kong of preferential trade treatment and authorised sanctions on banks.
"This is gross interference in China's internal affairs and seriously violates international law and basic norms of international relations," the Foreign Ministry said in a statement.
"In order to safeguard its own legitimate interests, China will take the necessary response to the US's wrong actions, including sanctions against US entities and individuals," the statement said.
Zheng also told Branstad that the US had recently taken "bad actions" on the Chinese regions of Xinjiang and Tibet, and the South China Sea, "further exposing the nature of its hegemony".
"With regard to this, China has and will continue to take countermeasures to resolutely safeguard its core interests. I want to tell the US that any bullying and injustice it imposes on China will be resolutely countered." (AFP)
______________________________
Last updated: 2020-07-16 HKT 08:41
HK Police And Regional Partners Arrest Over 1,800 In Cross-Border Scam Crackdown
In a major cross-border crackdown, Hong Kong police and law enforcement agencies from six countries and regions arreste... Read more
Tiger Brokers To Double Hong Kong Team As It Targets Offshore Chinese Wealth
Online brokerage Tiger Brokers intends to increase its Hong Kong headcount by two times to capture more offshore Chines... Read more
Behind The Unicorn: The Startup Struggles You Dont See Ft. Tessa Wijaya, Xendit
In this episode of Fintech Fireside Asia, I sit down with Tessa Wijaya, Co-founder and COO of Xendit, one of Southeast ... Read more
SFC Updates Guidance To Non-Face-to-Face Account Opening
The Securities and Futures Commission (SFC) has updated its guidance on acceptable non-face-to-face (NFTF) account open... Read more
NTTs Mobile Arm Set To Acquire SBI Sumishin Net Bank In US$5.1 Billion Deal
NTT Docomo, the mobile arm of Nippon Telegraph and Telephone (NTT), has announced plans to acquire online bank SBI Sumi... Read more
Visa Click To Pay Goes Live In Hong Kong Via ZA Bank
Visa, a digital payments provider, has announced a partnership with ZA Bank to roll out Click to Pay in Hong Kong today... Read more