Financial firms like HSBC could be the subject of new US sanctions in a report to the US Congress due on Monday. Photo: Bloomberg Financial firms like HSBC could be the subject of new US sanctions in a report to the US Congress due on Monday. Photo: Bloomberg
Financial firms like HSBC could be the subject of new US sanctions in a report to the US Congress due on Monday. Photo: Bloomberg

Hong Kong firms could feel the pinch of potential US sanctions on banks, but such a move could also backfire, observers say

  • Further US sanctions against the city’s financial institutions – one possible outcome of a report due on Monday – would have adverse effects for businesses
  • But such a tough stance could also hurt US firms, with possible implications for President Donald Trump’s re-election, some say

Topic |   Hong Kong politics
Financial firms like HSBC could be the subject of new US sanctions in a report to the US Congress due on Monday. Photo: Bloomberg Financial firms like HSBC could be the subject of new US sanctions in a report to the US Congress due on Monday. Photo: Bloomberg
Financial firms like HSBC could be the subject of new US sanctions in a report to the US Congress due on Monday. Photo: Bloomberg
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