U.S. sanctions on Hong Kong leader Carrie Lam raises uncertainty for international banks that were looking at a historic opening of the Chinese financial market.
The U.S. Treasury announced Friday sanctions on the semi-autonomous region’s chief executive and 10 other government-related individuals for “undermining Hong Kong’s autonomy” and restricting freedom of expression. The decision generally prohibits the targeted individuals from accessing their U.S. assets and transacting with U.S. persons, including provision of funds.
