#Sanction #HongKongAutonomyAct
#US State Department Warns: Foreign Financial Institutions Will Be Sanctioned For Trading With HK and PRC Officials on US Sanction List
Image: Apple Daily
Source: U.S. Department of State #Oct14
Reas more
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https://t.me/guardiansofhongkong/25995
#US State Department Warns: Foreign Financial Institutions Will Be Sanctioned For Trading With HK and PRC Officials on US Sanction List
Image: Apple Daily
Source: U.S. Department of State #Oct14
Reas more
⬇️⬇️⬇️
https://t.me/guardiansofhongkong/25995
#Sanction #HongKongAutonomyAct
#US State Department Warns: Foreign Financial Institutions Will Be Sanctioned For Trading With HK and PRC Officials on US Sanction List
The US Department of State submitted a report on Oct 14, 2020 with regard to The Hong Kong Autonomy Act.
The report warned:
- In 30 to 60 days from Oct 14, 2020, a report identifying the foreign financial institutions (#FFI) that knowingly conduct a significant transaction with the sanctioned persons will be submitted to the US Congress.
- Within one year after an FFI has been included in the said report, the U.S. President shall impose 5 out of 10 of the sanctions (as follows) and ALL of the sanctions no later than two years. These include:
(1) restrictions on loans from U.S. financial institutions;
(2) prohibitions on designation as a primary dealer;
(3) prohibitions on service as a repository of government funds;
(4) restrictions on foreign exchange;
(5) prohibitions on banking transactions;
(6) prohibitions on property transactions;
(7) restrictions on exports, re–exports, and transfers;
(8) bans on investments in equity or debt;
(9) exclusions of corporate officers; and
(10) sanctions of principal executive officers.
- Not later than one year from Oct 14, 2020, the U.S. President shall impose certain blocking sanctions on the listed persons and subject them to visa restrictions and exclusion from the United States. The sanctioned persons in Hong Kong and China include:
(1) Xia Baolong, the head of the Hong Kong and Macao Affairs Office
(2) Zhang Xiaoming, Deputy Director of the Hong Kong and Macao Affairs Office
(3) Luo Huining, director of the Central Government Liaison Office
(4) Carrie Lam, Chief Executive of Hong Kong
(5) Teresa Cheng, Secretary for Justice and principal legal advisor to Chief Executive
(6) Erick Tsang, Secretary for Constitutional and Mainland Affairs
(7) Zheng Yanxiong, head of the Office for Safeguarding National Security of the Central Government in Hong Kong
(8) Eric Chan, Secretary-General of the Committee for Safeguarding National Security of the HKSAR
(9) John Lee, Secretary for Security
(10) Chris Tang, Commissioner of Police
The State Department emphasized that the release of the report shows US' "ongoing objection to Beijing’s actions that are intentionally designed to erode the freedoms of the people of Hong Kong and impose the CCP’s oppressive policies".
Image: Apple Daily
Source: U.S. Department of State #Oct14
https://www.state.gov/identification-of-foreign-persons-involved-in-the-erosion-of-the-obligations-of-china-under-the-joint-declaration-or-the-basic-law/
#US #USSanction
#US State Department Warns: Foreign Financial Institutions Will Be Sanctioned For Trading With HK and PRC Officials on US Sanction List
The US Department of State submitted a report on Oct 14, 2020 with regard to The Hong Kong Autonomy Act.
The report warned:
- In 30 to 60 days from Oct 14, 2020, a report identifying the foreign financial institutions (#FFI) that knowingly conduct a significant transaction with the sanctioned persons will be submitted to the US Congress.
- Within one year after an FFI has been included in the said report, the U.S. President shall impose 5 out of 10 of the sanctions (as follows) and ALL of the sanctions no later than two years. These include:
(1) restrictions on loans from U.S. financial institutions;
(2) prohibitions on designation as a primary dealer;
(3) prohibitions on service as a repository of government funds;
(4) restrictions on foreign exchange;
(5) prohibitions on banking transactions;
(6) prohibitions on property transactions;
(7) restrictions on exports, re–exports, and transfers;
(8) bans on investments in equity or debt;
(9) exclusions of corporate officers; and
(10) sanctions of principal executive officers.
- Not later than one year from Oct 14, 2020, the U.S. President shall impose certain blocking sanctions on the listed persons and subject them to visa restrictions and exclusion from the United States. The sanctioned persons in Hong Kong and China include:
(1) Xia Baolong, the head of the Hong Kong and Macao Affairs Office
(2) Zhang Xiaoming, Deputy Director of the Hong Kong and Macao Affairs Office
(3) Luo Huining, director of the Central Government Liaison Office
(4) Carrie Lam, Chief Executive of Hong Kong
(5) Teresa Cheng, Secretary for Justice and principal legal advisor to Chief Executive
(6) Erick Tsang, Secretary for Constitutional and Mainland Affairs
(7) Zheng Yanxiong, head of the Office for Safeguarding National Security of the Central Government in Hong Kong
(8) Eric Chan, Secretary-General of the Committee for Safeguarding National Security of the HKSAR
(9) John Lee, Secretary for Security
(10) Chris Tang, Commissioner of Police
The State Department emphasized that the release of the report shows US' "ongoing objection to Beijing’s actions that are intentionally designed to erode the freedoms of the people of Hong Kong and impose the CCP’s oppressive policies".
Image: Apple Daily
Source: U.S. Department of State #Oct14
https://www.state.gov/identification-of-foreign-persons-involved-in-the-erosion-of-the-obligations-of-china-under-the-joint-declaration-or-the-basic-law/
#US #USSanction
United States Department of State
Identification of Foreign Persons Involved in the Erosion of the Obligations of China Under the Joint Declaration or the Basic…
Pursuant to Section 5(a) of the Hong Kong Autonomy Act (“HKAA” or “Act”) (P. L. 116-149), not later than 90 days after the date of the enactment of the HKAA, if the Secretary of State, in consultation with the Secretary of the Treasury, determines that a…
#MI5 Head: Russian and #ChineseThreats to #UK Grow in Severity
//The head of MI5 said the U.K.’s domestic spy agency wants to “do more” to tackle Chinese activities that threaten the intellectual property of British companies and universities.
In his first public remarks since taking on the role earlier this year, #KenMcCallum said he will “carefully” prioritize the agency’s resources against China’s “covert activities.”//
//He directly specified “the differing national security challenges presented by Russian, Chinese, Iranian and other actors” and said they were “growing in severity and in complexity – while terrorist threats persist at scale”.
Examples of the changing threat include claims that China tried to spy on the EU by targeting a former MI6 officer, Fraser Cameron, who allegedly sold classified information to undercover operatives from Beijing. Cameron denies the allegations.
China, McCallum added, was beginning to engage in an “interference in politics”.//
Source: Guardian; Bloomberg #Oct14
//The head of MI5 said the U.K.’s domestic spy agency wants to “do more” to tackle Chinese activities that threaten the intellectual property of British companies and universities.
In his first public remarks since taking on the role earlier this year, #KenMcCallum said he will “carefully” prioritize the agency’s resources against China’s “covert activities.”//
//He directly specified “the differing national security challenges presented by Russian, Chinese, Iranian and other actors” and said they were “growing in severity and in complexity – while terrorist threats persist at scale”.
Examples of the changing threat include claims that China tried to spy on the EU by targeting a former MI6 officer, Fraser Cameron, who allegedly sold classified information to undercover operatives from Beijing. Cameron denies the allegations.
China, McCallum added, was beginning to engage in an “interference in politics”.//
Source: Guardian; Bloomberg #Oct14