Trump Set To Sanction Carrie Lam: Report

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

Related News Programmes

"); });

2020-08-07 HKT 21:39

Share this story

facebook

  • The US is set to announce sanctions against Chief Executive Carrie Lam, according to Bloomberg. File photo: Reuters

    The US is set to announce sanctions against Chief Executive Carrie Lam, according to Bloomberg. File photo: Reuters

The Trump Administration is poised to announce sanctions against Chief Executive Carrie Lam and other officials accusing them of curtailing freedoms in Hong Kong, Bloomberg reported on Friday evening.

The report said the move could be announced in the coming hours.

Citing sources familiar with the matter, Bloomberg said the sanctions would also target Communist Party officials.

The Hong Kong Autonomy Act, which the US president signed last month, allows him to impose sanctions and visa restrictions on Chinese officials and financial institutions involved in the imposition of Beijing's new national security law in Hong Kong.

On Friday, the US Consulate in Hong Kong issued a statement saying Washington is "deeply concerned about the chilling effect the law may have on civil society, the media, and on the public’s ability to exercise the freedoms of speech, expression, and assembly that they have enjoyed heretofore".

"The National Security Law seeks to create an atmosphere of fear and self-censorship. It would be an enormous tragedy if it crushed the very openness, diversity, and vitality that are at the heart of what makes Hong Kong so unique," it added.

RECENT NEWS

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