market

What kind of HK sanctions would the U.S. put on China?


The Treasury Department could impose controls on transactions and freeze assets of Chinese officials and businesses for implementing a new national security law that brings into question “one country, two systems.”

Other measures under consideration include visa restrictions for Chinese Communist Party officials, Bloomberg reports.

The Hang Seng Index slipped 0.6% overnight as President Trump said he believes Hong Kong will lose its status as Asia’s financial hub if the new law proceeds.

Dear readers: We recognize that politics often intersects with the financial news of the day, so we invite you to click here to join the separate political discussion.

ETFs: FXI, KWEB, CQQQ, ASHR, YINN, MCHI, TDF, EWH, YANG, CAF, KBA, GXC, CHIQ, CYB, FXP, CHIX





READ SOURCE

Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.