As soon as the US sanctions against Hong Kong, Citigroup Standard Chartered immediately reviewed its account to avoid being sanctioned

category:Finance
 As soon as the US sanctions against Hong Kong, Citigroup Standard Chartered immediately reviewed its account to avoid being sanctioned


Citigroup is taking steps to suspend accounts related to some of the sanctioned officials, according to sources quoted by the news agency. Another source said Standard Chartered was assessing whether the bank was associated with any sanctioned officials and would focus on their transactions.

Citigroup and Standard Chartered Bank

The U.S. sanctions ban banks from doing business with punished individuals, but compliance with the order could lead to violations of Hong Kongs national security law, according to the agency. The law clearly stipulates that no sanctions or other hostile actions may be taken against Hong Kong and the mainland of China.

The US Treasury announced last week sanctions against 11 Hongkong and Mainland China officials including Lin Zhengyuee. The sanctions include freezing all the assets of these officials in the United States and banning Americans from trading with them. As a countervailing measure, Chinas foreign ministry announced on the 10th that it would impose sanctions on 11 American people who behaved badly on Hong Kong related issues, including US Senator Rubio.

Chinas Foreign Ministry spokesman Zhao Lijian said at a regular press conference on October 10 that the US State Department and the Ministry of Finance announced sanctions against 11 officials of the central government of China and the Hong Kong Special Administrative Region for the so-called violation of Hong Kongs autonomy. The relevant acts of the United States have openly interfered in Hong Kongs affairs, grossly interfered in Chinas internal affairs, and seriously violated international law and the basic norms of international relations, Strongly condemned. He announced that in response to the US sides misdeeds, the Chinese side has decided to deal with US senators Rubio, Cruz, holly, cotton and Tumi who have behaved badly on Hong Kong related issues, Congressman Smith, President of the national democratic foundation of the United States, David middleway, President of the United States Association for democracy in international affairs, and President of the American Institute of international republics, Mr Right watch executive chairman rose, Freedom House President abramovitz imposed sanctions. Source: responsible editor of global network: Yang Bin_ NF4368

Chinas Foreign Ministry spokesman Zhao Lijian said at a regular press conference on October 10 that the US State Department and the Ministry of Finance announced sanctions against 11 officials of the central government of China and the Hong Kong Special Administrative Region for the so-called violation of Hong Kongs autonomy. The relevant acts of the United States have openly interfered in Hong Kongs affairs, grossly interfered in Chinas internal affairs, and seriously violated international law and the basic norms of international relations, Strongly condemned.

He announced that in response to the US sides misdeeds, the Chinese side has decided to deal with US senators Rubio, Cruz, holly, cotton and Tumi who have behaved badly on Hong Kong related issues, Congressman Smith, President of the national democratic foundation of the United States, David middleway, President of the United States Association for democracy in international affairs, and President of the American Institute of international republics, Mr Right watch executive chairman rose, Freedom House President abramovitz imposed sanctions.