Treatment Of HK Linked On Beijing's Approach: Pompeo
"); jQuery("#212 h3").html("

"); });
2020-06-20 HKT 17:37
US Secretary of State Mike Pompeo has said that the United States would in future treat Hong Kong as a Chinese city rather than an autonomous one to the extent that Beijing treats the territory as a Chinese city.
Pompeo told the online Copenhagen Democracy Summit that elections due in Hong Kong in September would "tell us everything that we need to know about the Chinese Communist Party's intentions with respect to freedom in Hong Kong”.
He also said Washington was working its way through a decision-making process over who would be held accountable over curbs to Hong Kong's freedoms.
Pompeo spoke two days after his first face-to-face meeting in months with China's top diplomat, Yang Jiechi, at which the latter said Washington needed to respect Beijing's positions on key issues and halt its interference in matters such as Hong Kong, while working to repair relations.
US-China relations have reached their lowest point in years since the coronavirus pandemic that began in China hit the United States hard.
Pompeo said his conversations with Yang had been "very frank" and Washington still did not have answers it wanted from China over the outbreak.
Among multiple points of friction are China's moves to impose new security legislation on Hong Kong, which have prompted Trump to initiate a process to eliminate special economic treatment that have allowed the territory to remain a global financial centre.
"To the extent that the Chinese Communist Party treats Hong Kong as it does Shenzhen and Shanghai, we will treat them the same," Pompeo said.
"Any agreements that are unique between the United States and Hong Kong, separate and different to those we have with Beijing, we will move away from every one of those."
Pompeo urged more European governments to speak out about China, saying the US and its allies needed to "take off the golden blinders of economic ties" and see the risks of dealing with Beijing. (Reuters)
China To Inject US$44 Billion Into State Banks To Boost Tech And Curb Risks
China said it will inject 300 billion yuan (US$44 billion) into state-owned banks this year to guard against systemic r... Read more
Hong Kong Regulators Expand GenAI Sandbox To Insurance, Securities And MPF Sectors
The Hong Kong Monetary Authority (HKMA), Securities and Futures Commission (SFC), Insurance Authority (IA), and Mandato... Read more
South Korea To Cap Crypto Exchange Ownership At 20%
South Korean regulators and lawmakers have agreed to cap major shareholder stakes in cryptocurrency exchanges at 20%, d... Read more
DBS Hong Kong Partners With Know Your Customer To Automate SME Onboarding
Know Your Customer Limited, a provider of automated business verification solutions, has partnered with DBS Hong Kong t... Read more
Hong Kong Banks Extend Loan Repayment Relief For Tai Po Fire Victims
The Hong Kong Monetary Authority (HKMA) and the Hong Kong Association of Banks (HKAB) have met to discuss additional su... Read more
Hong Kong And Macao Deepen Financial Cooperation With Updated Agreement
The Hong Kong Monetary Authority (HKMA) and the Monetary Authority of Macao (AMCM) held a meeting on March 3 to strengt... Read more