Banks snared by HK sanctions laws, US-China spat spirals


Hong Kong’s financial hub is caught in the crossfire of the worsening US and Chine relations. – AFP pic, August 5, 2020.

INTERNATIONAL banks in Hong Kong are caught in the crossfire of competing laws enacted by the United States and China as the superpowers clash over the city’s future, with analysts warning businesses are being forced to pick a side.

Lawyers working for the lenders have been busy.


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