[WASHINGTON] US Secretary of State Mike Pompeo said he had certified on Wednesday that Hong Kong no longer warrants special treatment under US law in the same way as when it was under British rule, a potentially big blow to its status as a major financial hub. Read more at The Business Times.
"No reasonable person can assert today that Hong Kong maintains a high degree of autonomy from China, given facts on the ground," he said.
Under it, officials responsible for human rights violations in Hong Kong could be subject to sanctions, including visa bans and asset freezes. The United States, European Union, Britain and others have expressed concern about the legislation, widely seen as a possible turning point for China's freest city.
"It's for the long-term stability of Hong Kong and China, it won't affect the freedom of assembly and speech and it won't affect the city's status as a financial centre," Hong Kong Chief Secretary Matthew Cheung told reporters.
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