Hong Kong and Chinese officials have hit back at US sanctions and one of the city’s financial regulators cautioned companies on how they respond to the measures, a day after Donald Trump dramatically ratcheted up his fight with Beijing over the territory.
The US president on Friday imposed restrictions on 11 Hong Kong and Chinese officials, including Carrie Lam, Hong Kong’s chief executive, and Luo Huining, mainland China’s top official in the city. The measures will freeze assets the individuals hold in the US and prevent them from doing business in the country.
The sanctions are the latest step in an escalating battle between China and the US after Beijing moved to impose a controversial national security law on the city following months of anti-government protests last year.