World must push back against China’s refusal to honour its Hong Kong deal
By US Rep. Ted Yoho
#OpinionArticle published on Hong Kong Free Press #4Oct2020
// It is no secret that China has been strong-arming Hong Kong, forcing its residents to flee oppression. The national security law punishes crimes of secession, subversion, terrorism, and collusion with foreign forces with up to life in prison...
Recently, 12 young activists, terrified about the implications of the new law, fled the city by speedboat only to be apprehended by Chinese authorities. They have been detained in mainland China for over a month with no access to legal representation. Their case confirms the worst fears of Hongkongers. No one in Hong Kong, or the rest of the world, should face life in prison for going to the street to exercise their free speech and speak truth to power in criticising their government...
The Hong Kong we see today is unrecognisable from before, with “One Country, Two Systems” forcibly molded into “One Country, One System.” We need to reject the recent actions by the CCP and impose consequences on Beijing for its actions towards Hong Kong.
The truth is, President Xi and the CCP cannot survive with people who have tasted liberty, free thought and self-determination. The US must continue to stand with the people of Hong Kong and work with our allies to put pressure on Beijing to honor its past agreements. The time is now to work together in pushing back against Beijing’s underhanded tactics and protecting the people of Hong Kong. //
Read full article:
https://hongkongfp.com/2020/10/04/world-must-push-back-against-chinas-refusal-to-honour-its-hong-kong-deal/
#FloridaRep #TedYoho #USHouseOfRepresentatives #US #China #Save12HKYouths #AntiCCP
By US Rep. Ted Yoho
#OpinionArticle published on Hong Kong Free Press #4Oct2020
// It is no secret that China has been strong-arming Hong Kong, forcing its residents to flee oppression. The national security law punishes crimes of secession, subversion, terrorism, and collusion with foreign forces with up to life in prison...
Recently, 12 young activists, terrified about the implications of the new law, fled the city by speedboat only to be apprehended by Chinese authorities. They have been detained in mainland China for over a month with no access to legal representation. Their case confirms the worst fears of Hongkongers. No one in Hong Kong, or the rest of the world, should face life in prison for going to the street to exercise their free speech and speak truth to power in criticising their government...
The Hong Kong we see today is unrecognisable from before, with “One Country, Two Systems” forcibly molded into “One Country, One System.” We need to reject the recent actions by the CCP and impose consequences on Beijing for its actions towards Hong Kong.
The truth is, President Xi and the CCP cannot survive with people who have tasted liberty, free thought and self-determination. The US must continue to stand with the people of Hong Kong and work with our allies to put pressure on Beijing to honor its past agreements. The time is now to work together in pushing back against Beijing’s underhanded tactics and protecting the people of Hong Kong. //
Read full article:
https://hongkongfp.com/2020/10/04/world-must-push-back-against-chinas-refusal-to-honour-its-hong-kong-deal/
#FloridaRep #TedYoho #USHouseOfRepresentatives #US #China #Save12HKYouths #AntiCCP
Hong Kong Free Press HKFP
World must push back against China’s refusal to honour its Hong Kong deal
By US Rep. Ted Yoho It is no secret that China has been strong-arming Hong Kong, forcing its residents to flee oppression. The national security law punishes crimes of secession, subversion, terror…
The US House of Representatives passed The Holding Foreign Companies Accountable Act, Chinese Stocks can be Unlisted after 3 Years if they don’t Comply with the Auditing Regulations
Are Chinese stocks in the US going to be “kicked”? The US House of Representatives unanimously passed The Holding Foreign Companies Accountable Act on Wednesday (Dec 2), demanding that the current Chinese stocks in the US have to follow the US auditing regulation standard within three years, including providing audit papers to the regulatory institution. Otherwise, they can be unlisted. After the House of Representatives passes the act, it will be sent to the White House for the signature from President Trump in the next step, to let the bill take into effect.
In other words, if Baidu, Alibaba, China Mobile, and other Chinese stocks in the US do not comply with the US regulatory standard, they can be unlisted.
The Holding Foreign Companies Accountable Act was unanimously verbally passed by the member of the US House of Representatives on December 2. Although the related act is for all foreign companies, it obviously targets the Chinese-funded firms. The bill requires listed companies to disclose whether a foreign government controls or holds the company, including the relationship with the CCP, demanding all the names of the CCP member in the board of directors of the company and whether the company policies or organisation documents includes any content of the CCP constitution. At the same time, the act gives three years for the Chinese firms in the US to comply with the US auditing relations, including letting the US regulatory institution access the audit paper, or the company can be unlisted.
#US #ChineseFundedCompany #CCP #USHouseOfRepresentatives #TheHoldingForeignCompaniesAccountableAct #AuditingRegulatoryStandard
Source: Stand News #Dec03
https://bit.ly/3mFRzsb
Are Chinese stocks in the US going to be “kicked”? The US House of Representatives unanimously passed The Holding Foreign Companies Accountable Act on Wednesday (Dec 2), demanding that the current Chinese stocks in the US have to follow the US auditing regulation standard within three years, including providing audit papers to the regulatory institution. Otherwise, they can be unlisted. After the House of Representatives passes the act, it will be sent to the White House for the signature from President Trump in the next step, to let the bill take into effect.
In other words, if Baidu, Alibaba, China Mobile, and other Chinese stocks in the US do not comply with the US regulatory standard, they can be unlisted.
The Holding Foreign Companies Accountable Act was unanimously verbally passed by the member of the US House of Representatives on December 2. Although the related act is for all foreign companies, it obviously targets the Chinese-funded firms. The bill requires listed companies to disclose whether a foreign government controls or holds the company, including the relationship with the CCP, demanding all the names of the CCP member in the board of directors of the company and whether the company policies or organisation documents includes any content of the CCP constitution. At the same time, the act gives three years for the Chinese firms in the US to comply with the US auditing relations, including letting the US regulatory institution access the audit paper, or the company can be unlisted.
#US #ChineseFundedCompany #CCP #USHouseOfRepresentatives #TheHoldingForeignCompaniesAccountableAct #AuditingRegulatoryStandard
Source: Stand News #Dec03
https://bit.ly/3mFRzsb