Punishment For US Figures 'deserved': HKMAO
"); jQuery("#212 h3").html("

"); });
2021-07-24 HKT 18:32
The Hong Kong and Macau Affairs Office said on Saturday seven American citizens and entities that are being sanctioned by Beijing are getting the punishment they deserve.
In the first sanctions imposed under China's new anti-foreign sanction law, unspecified counter-sanctions have been laid on the current or former heads of a range of organisations, including former US Commerce Secretary Wilbur Ross.
In a statement, the HKMAO offered staunch support for the counter-sanctions.
A spokesperson said the people or groups concerned have been fabricating facts and creating rumours about Hong Kong, and have pushed for bills and measures that intervened in the SAR’s affairs and harmed China's interests.
"They must get the punishment they deserve, and we must make them remember: any bullying acts which wave around the weapon of sanctions will be faced with strong counterstrikes," the spokesperson said.
China's sanctions came just days ahead of a visit by US Deputy Secretary of State Wendy Sherman.
Last week, Washington sanctioned seven officials from the Liaison Office, because of their role in the security crackdown in Hong Kong.
It also issued an advisory that highlighted concerns about the potential impact on international companies operating in the SAR.
White House press secretary Jen Psaki said on Friday that the US is "undeterred" by the latest Chinese action.
"These actions are the latest examples of how Beijing punishes private citizens, companies, and civil society organisations as a way to send political signals and further illustrate the People's Republic of China’s deteriorating investment climate and rising political risk.”
Five Years In: Lessons From Asias Digital Bank Revolution | David Becker, MD APAC, Mambu
Digital banking in Asia was supposed to change the world. Five years later, did it live up to the hype? In this in-dept... Read more
19th Asian Financial Forum To Spotlight Finance And Global Opportunities
The 19th Asian Financial Forum (AFF), co-organised by the Hong Kong SAR government and the Hong Kong Trade Development ... Read more
HK Banks Launch Money Safe Service To Protect Deposits
The Hong Kong Monetary Authority (HKMA) and the Hong Kong Association of Banks (HKAB) announced on 30 December that all... Read more
HashKey Lists On Hong Kong Exchange
HashKey listed on the Main Board of The Stock Exchange of Hong Kong Limited, becoming the first digital asset company t... Read more
North Korea Linked To Over Half Of 2025 Crypto Heist Losses
TRM has published new research showing that North Korea-linked actors were responsible for more than half of the US$2.7... Read more
South Korea Forms Task Force After Coupang Data Breach
The South Korean government announced on Thursday (19 December) that it will establish an interagency task force to add... Read more
