HONG KONG/STOCK MARKET: “We essentially subsidized Hong Kong by giving them all sorts of incentives. And that’s what made Hong Kong — the exchange and business in Hong Kong — successful. I’ve taken it all back. That means that the United States is going to do a lot more business. You know, we — we […]
Category: Hong Kong
8/13/2020
CHINA/HONG KONG/STOCK MARKET: “I have taken all that back – all of those incentives that they had for the Hong Kong market in order to keep a certain amount of freedom over there, knowing they have China looming over the top of them, but all of those incentives – billions and billions and billions of […]
8/11/2020
HONG KONG: “For years, Hong Kong was making a lot of money that we could have been made that we could have been making in the New York stock exchange and our great exchanges… But I will say that with Hong Kong, we gave tremendous incentives and costs us a fortune to keep Hong Kong […]
7/14/2020
CHINA/EXECUTIVE ORDER/HONG KONG: “Today, I also signed an executive order ending US preferential treatment for Hong Kong. Hong Kong will now be treated the same as Mainland China, no special privileges, no special economic treatment and no export of sensitive technologies. In addition to that, as you know, we’re placing massive tariffs and have placed […]
7/14/2020
CHINA/EXECUTIVE ORDER/HONG KONG: “Today, I signed legislation and an executive order to hold China accountable for its oppressive actions against the people of Hong Kong. The Hong Kong Autonomy Act, which I signed this afternoon, passed unanimously through Congress. This law gives my administration powerful new tools to hold responsible the individuals and the entities […]
7/14/2020
CHINA/HONG KONG/SANCTIONS/TRUMP AS PRESIDENT: “President Trump signed into law a bipartisan bill that requires sanctions on Chinese officials who crack down on the rights of Hong Kong residents to free speech and peaceful assembly, as well as the banks that do business with those officials. Mr. Trump, speaking to reporters in the White House Rose […]
7/14/2020
CHINA/HONG KONG/OFFICIAL STATEMENTS: “Today, I have signed into law H.R. 7440, the ‘Hong Kong Autonomy Act’ (the ‘Act’). The Act addresses China’s failure to meet certain obligations under the Sino-British Joint Declaration. I note, however, that the requirements for a waiver or termination of sanctions under section 8 of the Act could limit my discretion […]
5/30/2020
CHINA/HONG KONG/TRUMP AS PRESIDENT: “This week, China unilaterally imposed control over Hong Kong security. This was a plain violation of Beijing’s treaty obligations with the United Kingdom in the Declaration of 1984 and explicit provisions of Hong Kong’s Basic Law. It has 27 years to go. The Chinese government’s move against Hong Kong is the […]
11/27/2019
CHINA/HONG KONG/PROTESTS/TRUMP AS PRESIDENT: “U.S. President Donald Trump signed into law here congressional bills that back protesters in Hong Kong and threaten China with possible sanctions on human rights, prompting China’s Foreign Ministry on Thursday [11-28-19] to warn of ‘firm counter measures’. Mass protests for more democracy and autonomy have rocked the former British colony […]
11/27/2019
CHINA/HONG KONG/LEGISLATION/SANCTIONS/TRUMP AS PRESIDENT: “President Trump on Wednesday [11-27-19] signed tough legislation that authorizes sanctions on Chinese and Hong Kong officials responsible for human rights abuses in Hong Kong, signaling support for pro-democracy activists and escalating tensions with Beijing as Mr. Trump tries to negotiate a trade deal with Chinese leaders. China’s Foreign Ministry was […]