US Senators Introduce Bill To Protect HK's Autonomy

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

Related News Programmes

"); });

2020-05-27 HKT 00:30

Share this story

facebook

  • Pat Toomey said he believed the legislation to protect Hong Kong’s autonomy would have a real impact on China. File photo: Reuters

    Pat Toomey said he believed the legislation to protect Hong Kong’s autonomy would have a real impact on China. File photo: Reuters

Two US senators introduced a bill aimed at defending Hong Kong's autonomy against what they say is increasingly brazen interference from the Chinese Communist Party.

Pat Toomey and Chris Van Hollen said it's obvious that Beijing has stepped up its crackdown on pro-democracy protests in the SAR, adding that its latest move to implement national security legislation in the city is simply aimed at curbing political dissent.

They say the Hong Kong Autonomy Act would impose mandatory sanctions on entities that violate China's obligations to Hong Kong under the Joint Declaration and the Basic Law.

The legislation would also impose mandatory secondary sanctions on banks that do business with these parties.

Van Hollen was asked if mainland companies like Huawei would likely be sanctioned:

"Our goal in this legislation is to make sure that those who are penalised are those who are making the decisions to deprive Hong Kong of its autonomy. We want to really keep the focus there," Van Hollen said.

Toomey said he hopes the legislation can be passed as soon as possible, adding that he believed it would have an impact on China:

"For the foreseeable future they will be very, very dependent on US dollar transactions so I think these sanctions that we've proposed are likely to be very, very powerful for a very long time," Toomey said.

RECENT NEWS

HKMA Warns Of Fake Stablecoins As Licensed Issuers Have Yet To Launch Tokens

The Hong Kong Monetary Authority (HKMA) has warned the public about fake stablecoins in Hong Kong, specifically flaggin... Read more

Tazapay Secures Money Service Operator License In Hong Kong

Singapore-based cross-border payments company Tazapay has secured a Money Service Operator (MSO) license in Hong Kong. ... Read more

Livi Bank Posts First Full-Year Profit In 2025 As Loans Rise 49%

Hong Kong digital bank livi bank reported a full-year profit of HK$21 million for 2025. For the year, total operating i... Read more

FWD Group Reports US$720M In New Business Sales As Expansion Continues

FWD Group reported a 4% year-on-year increase in new business sales to US$720 million for the first quarter of 2026, dr... Read more

WeLab Bank 2025 Revenue Hits HK$942M After Securing First-Half Profitability

WeLab Bank achieved profitability in the first half of 2025 and reported a 35% year-on-year revenue increase to HK$942 ... Read more

Ripple And Kbank Roll Out Institutional Digital Asset Wallet In South Korea

Ripple has partnered with Kbank to deploy an institutional digital asset wallet in Korea, equipping the internet bank w... Read more