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
HKMA Warns Of Fake Stablecoins As Licensed Issuers Have Yet To Launch Tokens
The Hong Kong Monetary Authority (HKMA) has warned the public about fake stablecoins in Hong Kong, specifically flaggin... Read more
Tazapay Secures Money Service Operator License In Hong Kong
Singapore-based cross-border payments company Tazapay has secured a Money Service Operator (MSO) license in Hong Kong. ... Read more
Livi Bank Posts First Full-Year Profit In 2025 As Loans Rise 49%
Hong Kong digital bank livi bank reported a full-year profit of HK$21 million for 2025. For the year, total operating i... Read more
FWD Group Reports US$720M In New Business Sales As Expansion Continues
FWD Group reported a 4% year-on-year increase in new business sales to US$720 million for the first quarter of 2026, dr... Read more
WeLab Bank 2025 Revenue Hits HK$942M After Securing First-Half Profitability
WeLab Bank achieved profitability in the first half of 2025 and reported a 35% year-on-year revenue increase to HK$942 ... Read more
Ripple And Kbank Roll Out Institutional Digital Asset Wallet In South Korea
Ripple has partnered with Kbank to deploy an institutional digital asset wallet in Korea, equipping the internet bank w... Read more
