#Sanction
HK Officials sanctioned by the US hold properties with mortgage from two Chinese-owned banks
The US slapped sanctions on four more Chinese-Hong Kong officials on November 9, 2020, including Deputy Commissioner of Police (National Security), Lau Chi-wai and Senior Superintendent of the National Security Department of the Hong Kong Police Force, Li Kwai-wah.
According to Stand News, information obtained from the Land Registry shows that Lau and Li each wholly owns a residential property with mortgages from two different Chinese-owned banks, Chong Hing Bank Limited and Bank of China (Hong Kong). Their mortgages are not paid off.
The two banks have not responded to whether they would comply with the sanctions.
The Stand News reached out to the Police Public Relations Branch (#PPRB) for comments but there was no official response. The Stand News are awaiting response from the said banks on whether they would follow U.S. sanctions measures and if Lau and Li’s mortgages would be affected.
The Financial Times reported days ago the Hong Kong Securities Regulatory Commission made a private promise to international banks in Hong Kong that by complying with US sanctions they are unlikely to violate the National Security Law.
The Securities Regulatory Commission responded to the Stand New’s inquiries, saying they did not wish to comment on the content of the report.
Source: Stand News #Nov10
https://bit.ly/35ge1lX
#NationalSecurityLaw #SecuritiesRegulatoryCommission #LauChiWai #LiKwaiWah #Property
HK Officials sanctioned by the US hold properties with mortgage from two Chinese-owned banks
The US slapped sanctions on four more Chinese-Hong Kong officials on November 9, 2020, including Deputy Commissioner of Police (National Security), Lau Chi-wai and Senior Superintendent of the National Security Department of the Hong Kong Police Force, Li Kwai-wah.
According to Stand News, information obtained from the Land Registry shows that Lau and Li each wholly owns a residential property with mortgages from two different Chinese-owned banks, Chong Hing Bank Limited and Bank of China (Hong Kong). Their mortgages are not paid off.
The two banks have not responded to whether they would comply with the sanctions.
The Stand News reached out to the Police Public Relations Branch (#PPRB) for comments but there was no official response. The Stand News are awaiting response from the said banks on whether they would follow U.S. sanctions measures and if Lau and Li’s mortgages would be affected.
The Financial Times reported days ago the Hong Kong Securities Regulatory Commission made a private promise to international banks in Hong Kong that by complying with US sanctions they are unlikely to violate the National Security Law.
The Securities Regulatory Commission responded to the Stand New’s inquiries, saying they did not wish to comment on the content of the report.
Source: Stand News #Nov10
https://bit.ly/35ge1lX
#NationalSecurityLaw #SecuritiesRegulatoryCommission #LauChiWai #LiKwaiWah #Property
National Security Department Offers Bounty for 8 Exiled Activists
Source: Inmedia #July03
#Exiled #HKers #LiKwaiWah #NationalSecurityLaw #ExtraterritorialEffect
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Source: Inmedia #July03
#Exiled #HKers #LiKwaiWah #NationalSecurityLaw #ExtraterritorialEffect
Read more
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National Security Department Offers Bounty for 8 Exiled Activists
Three years into the implementation of the National Security Law (#NSL), the National Security Department (#NSDepartment) announced that they are offering bounty for the arrest of eight exiled Hongkongers.
In a press conference on July 3, Chief Superintendent Li Kwai-wah said he has applied to the courts for an arrest warrant, with an award of up to 1 million dollars for information on the eight wanted Hongkongers. The eight are: lawyer #KevinYam News commentator #ElmerYuen, Director of Hong Kong Democratic Council (#HKDC) #AnnaKwok, #FinnLau, #MungSiuTat, Former LegCo member #DennisKwok, #TedHui, and #NathanLaw.
The police displayed black-and-white photos of the eight in the conference, announcing their offenses one by one, and criticising their threats to the national security.
Li also mentioned that some "Anti-China rioters" are exiled but continue endangering national security. He quoted the 37th and 38th Ordinance under NSL, emphasising the regulation has an extraterritorial effect, regardless of whether the person is a Hong Kong permanent resident.
#Exiled #HKers #LiKwaiWah #NationalSecurityLaw #ExtraterritorialEffect
Source: Inmedia #July03
https://bit.ly/4388usC
Three years into the implementation of the National Security Law (#NSL), the National Security Department (#NSDepartment) announced that they are offering bounty for the arrest of eight exiled Hongkongers.
In a press conference on July 3, Chief Superintendent Li Kwai-wah said he has applied to the courts for an arrest warrant, with an award of up to 1 million dollars for information on the eight wanted Hongkongers. The eight are: lawyer #KevinYam News commentator #ElmerYuen, Director of Hong Kong Democratic Council (#HKDC) #AnnaKwok, #FinnLau, #MungSiuTat, Former LegCo member #DennisKwok, #TedHui, and #NathanLaw.
The police displayed black-and-white photos of the eight in the conference, announcing their offenses one by one, and criticising their threats to the national security.
Li also mentioned that some "Anti-China rioters" are exiled but continue endangering national security. He quoted the 37th and 38th Ordinance under NSL, emphasising the regulation has an extraterritorial effect, regardless of whether the person is a Hong Kong permanent resident.
#Exiled #HKers #LiKwaiWah #NationalSecurityLaw #ExtraterritorialEffect
Source: Inmedia #July03
https://bit.ly/4388usC