Hong Kong’s Chief Executive Carrie Lam Cheng Yuet-ngor was sanctioned alongside other top officials in August for their alleged role in curtailing political freedoms in the city. Photo: Sam Tsang Hong Kong’s Chief Executive Carrie Lam Cheng Yuet-ngor was sanctioned alongside other top officials in August for their alleged role in curtailing political freedoms in the city. Photo: Sam Tsang
Hong Kong’s Chief Executive Carrie Lam Cheng Yuet-ngor was sanctioned alongside other top officials in August for their alleged role in curtailing political freedoms in the city. Photo: Sam Tsang
Economy /  China Economy

China says US sanctions have no ‘legal effect’ in Hong Kong or China, but analysts urge caution

  • China’s financial sector regulator claimed last week that US sanctions on companies or individuals have no legal grounds in Hong Kong or the mainland
  • Analysts warn that engaging in international transactions with sanctioned entities involves risks many banks may not want to take

Topic |   US-China relations
Amanda LeeKaren Yeung
Amanda Lee in Beijing and Karen Yeung

Updated: 1:10pm, 6 Jan, 2021

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Hong Kong’s Chief Executive Carrie Lam Cheng Yuet-ngor was sanctioned alongside other top officials in August for their alleged role in curtailing political freedoms in the city. Photo: Sam Tsang Hong Kong’s Chief Executive Carrie Lam Cheng Yuet-ngor was sanctioned alongside other top officials in August for their alleged role in curtailing political freedoms in the city. Photo: Sam Tsang
Hong Kong’s Chief Executive Carrie Lam Cheng Yuet-ngor was sanctioned alongside other top officials in August for their alleged role in curtailing political freedoms in the city. Photo: Sam Tsang
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