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Hong Kong marketplaces watchdog states it does not assume sanctions will have an affect on fiscal companies

Hong Kong’s markets watchdog is not knowledgeable of any component of U.S. sanctions imposed on Hong Kong officers that will have an affect on how monetary firms have on their standard functions in the city, a spokesman stated on Saturday.
The United States on Friday imposed sanctions on Hong Kong Chief Government Carrie Lam, the territory’s existing and previous law enforcement chiefs and 8 other top officials for what Washington says is their purpose in curtailing political freedoms in the territory.
“Many world wide firms have prior experience of adequately examining and responding to unique U.S. sanctions to the extent they may possibly have an impact on any of their consumers and related pursuits,” the spokesman for the markets watchdog stated.
The Securities and Futures Commission “is not conscious of any aspect of the (countrywide security legislation) or the U.S. sanctions declared on Friday that would have an affect on the way in which companies carry on their standard operations in Hong Kong”, the spokesman included.


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