Connect with us


Hong Kong Protests: US Warns Banks May Face Sanctions | China News




The US State Department has told international financial institutions they could face sanctions for doing business with people involved in the Chinese crackdown on protesters in Hong Kong.

The United States Department of State officially warned international financial institutions doing business with those held responsible for China’s crackdown in Hong Kong on Wednesday that they may soon face sanctions.

In a report to Congress seen by Reuters, the State Department named 10 people who have all been sanctioned, including Hong Kong chief executive Carrie Lam, and said within 60 days it would identify the institutions financial institutions that carry out significant transactions with them.

It was the latest US response to China’s actions in Hong Kong, including the enactment of a new national security law this year that Washington called an unacceptable breach by China, one country, two commitments. systemic towards the former British colony.

The State Department report, required under the Hong Kong Autonomy Act, comes at a time when relations between the United States and China, the world’s two largest economies, have plunged to the most down for decades as US President Donald Trumps approached in November 3 re-election offer.

In August, Washington imposed sanctions on Lam and other senior political and security officials for what Washington sees as their role in restricting political freedoms in a crackdown on the territory’s pro-democracy movement.

Wednesday’s State Department report does not add any new people to the list or name any banks or other financial institutions that may be exposed to sanctions.

The US Hong Kong Autonomy Law that Trump enacted on July 14 required the State Department to list those held responsible for failure by Communist-ruled China to meet its obligations to Hong Kong within 90 days, which makes them liable to sanctions.

It also requires a list of all financial institutions that knowingly enter into significant financial transactions with these individuals 60 days later.

It allows the US president to impose sanctions on individuals upon appointment and calls for sanctions on financial institutions no later than one year after their appointment.

Senior US and UK politicians have slammed HSBC and Standard Chartered after banks backed China’s national security law for the territory.

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos

picture credit


to request, modification Contact us at Here or [email protected]