Pompeo Says US Will Not Stand By While HK Suffers

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

"); });
2020-08-08 HKT 08:14
The US Secretary of State Mike Pompeo has said the US will not stand by while the people of Hong Kong suffer, what he called, "brutal oppression at the hands of the Chinese Communist Party or its enablers."
He made the the comment in a tweet after the US imposed sanctions on the Chief Executive Carrie Lam and 10 other top Hong Kong and mainland officials. The move freezes their assets and prohibits them from carrying out any kind of business in the country, in response to Beijing's imposition of the national security law in the SAR.
As well as Carrie Lam, the others hit with sanctions include Police Commissioner Chris Tang, his predecessor Stephen Lo, Justice Secretary Teresa Cheng and Security Secretary John Lee.
Hong Kong and Macau Affairs Office director Xia Baolong, and his deputies Zhang Xiaoming and Luo Huining are named, along with the director of the new Office for Safeguarding National Security, Zheng Yanxiong, Eric Chan – the secretary general of the Committee for Safeguarding National Security – and Secretary for Constitutional and Mainland Affairs Erick Tsang.
The US Treasury Department says Lam is directly responsible for implementing Beijing’s policies of suppression of freedom and democratic processes, and she and the 10 others are responsible for the degradation of Hong Kong’s autonomy.
A statement on the department's website says the US stands with the people of Hong Kong in their ongoing pursuit of freedom and democracy, and Washington will continue to pursue those who implement such nefarious policies in the SAR.
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