DJIA37986.40
LIVE211.02(0.56%)
NDX17037.65
LIVE-356.67(-2.05%)

US Senate Passes Bill Targeting Entities Over China's Hong Kong Security Law


Friday, 3 July 2020 17:34 WIB

Global


The U.S. Senate approved a bill Thursday that would penalize individuals or companies for conducting business with Chinese officials responsible for implementing Beijing's new national security law on Hong Kong.

The Republican-led Senate unanimously passed the Hong Kong Autonomy Act one day after the Democratic majority House approved the measure without opposition.

The approvals were a rare display of bipartisan support in the face of an erosion of autonomy in Hong Kong, a former British colony that prospered as China’s most democratic city and a global financial hub.

The measure, which now goes to President Donald Trump to be signed into law, would impose mandatory sanctions on people or entities that materially contribute to China's failure to preserve Hong Kong's autonomy. The bill would also sanction financial institutions that do business with those individuals or entities.

U.S. Secretary of State Mike Pompeo said Wednesday that China's newly enacted Hong Kong national security law was "an affront to all nations” and that Washington was taking steps to end special permissions for the Chinese region.

"The United States is deeply concerned about the law's sweeping provisions and the safety of everyone living in the territory, including Americans,” Pompeo said.

The Chinese legislature, the National People’s Congress, adopted the national security law for Hong Kong on Tuesday, a day before the 23rd anniversary of Hong Kong's return to Chinese rule.

Source : VOA


RELATED NEWS

POPULAR NEWS

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.