Chinese Sanction Law Delayed

  • 3 years ago
China's top legislature has postponed a vote on extending an anti-sanctions law to Hong Kong, as global banks and other financial institutions worry about the impact the law could have on their operations. Beijing introduced the law in mainland China in June. Individuals or entities involved in drafting or enacting discriminatory policies against Chinese citizens or entities may be placed on a mainland anti-sanctions list. Under China's law, such individuals could then be denied entry into China or be expelled. Their assets in China may be seized or frozen. They could also be restricted from doing business with entities or people in China. U.S. officials say the law is being used for crushing dissent in the city, which Beijing denies.

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