Free Trial

/China: U.S. Commerce Secretary Wilbur Ross......>

US
US: /China: U.S. Commerce Secretary Wilbur Ross says it has revoked Hong Kong's
special Status. Full statement:
* "With the Chinese Communist Party's imposition of new security measures on
Hong Kong, the risk that sensitive U.S. technology will be diverted to the
People's Liberation Army or Ministry of State Security has increased, all while
undermining the territory's autonomy. Those are risks the U.S. refuses to accept
and have resulted in the revocation of Hong Kong's special status.
* "Commerce Department regulations affording preferential treatment to Hong Kong
over China, including the availability of export license exceptions, are
suspended. Further actions to eliminate differential treatment are also being
evaluated. We urge Beijing to immediately reverse course and fulfill the
promises it has made to the people of Hong Kong and the world." 

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.