Report: US 'plans Sanctions Over Legco Expulsions'
"); jQuery("#212 h3").html("

"); });
2020-12-07 HKT 09:49
The United States is preparing to impose sanctions on at least a dozen Beijing and Hong Kong officials over their alleged role in the disqualification of elected pan-democratic legislators in Hong Kong, according to three sources, including a US official familiar with the matter.
The move, reported by Reuters, could come as soon as Monday and will target Communist Party officials as US President Donald Trump's administration keeps up pressure on Beijing in his final weeks in office. President-elect Joe Biden takes over on January 20.
The State Department and the White House did not immediately respond to requests for comment.
Up to 14 people, including officials of the National People's Congress, would likely be targeted by measures such as asset freezes and financial sanctions, two sources told the Reuters news agency.
The US official, speaking on the condition of anonymity, said multiple individuals would be sanctioned. A person familiar with the matter said the group would likely include officials from Hong Kong as well as the mainland.
The sources did not provide names or positions of those being targeted for sanctions. Two sources cautioned an announcement could still be delayed until later in the week.
The Hong Kong government expelled four opposition members from its legislature last month after the NPC gave SAR authorities new powers to curb dissent. The move triggered mass resignations by pro-democracy lawmakers.
It also raised further alarm in the West. The Five Eyes intelligence-sharing group – made up of Australia, Britain, Canada, New Zealand and the United States – said last month the move appeared to be part of a campaign to silence critics and called on Beijing to reverse course.
Washington has already put sanctions on Chief Executive Carrie Lam, the territory's current and former police chiefs and other top officials in August for what it said was their role in curtailing freedoms.
Beijing has previously condemned US sanctions related to Hong Kong, calling it interference in China’s internal affairs. (Reuters)
Manulife Names Wilton Kee As CEO For Hong Kong And Macau
Manulife has appointed Wilton Kee as the new Chief Executive Officer for its Hong Kong and Macau operations, effective ... Read more
Banks Are Not Ready For AI | Singapore AI CxO Roundtable
In this exclusive roundtable jointly hosted by Fintech News Network and Alteryx, senior banking leaders in Singapore sh... Read more
Mizuho Bank To Invest In Rakuten Bank In October
Mizuho Bank will shift its investment into a 5.81% stake in Rakuten Bank, according to Japan Today. The move allows the... Read more
Forthright Subsidiaries Secure SFC Approval For Virtual Asset Services Across 3 Licenses
Forthright Securities and Forthright Capital have received approval from the Securities and Futures Commission (SFC) to... Read more
SFC Names Elisa Ng To Lead Investment Products, Reappoints Lisa Chen
The Securities and Futures Commission (SFC) has appointed former J.P. Morgan Asset Management executive Elisa Ng as its... Read more
Mastercard And JD.com Partner To Expand Cross-Border Payment Options In China
Mastercard and JD.com have entered a strategic partnership to develop cross-border supply chain finance tools for busin... Read more
