Business Standard

China vows support for Hong Kong as financial hub amid US standoff

Tensions between the US and China over Hong Kong has sparked tit-for-tat sanctions

Hong Kong protest, Hong Kong
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A new national security law has fuelled concerns about the state of Hong Kong’s autonomy from China

Bloomberg
China’s banking regulator pledged its backing for Hong Kong as a finance hub and reiterated a commitment to opening up the Chinese financial sector amid a deepening standoff with the US.

China will provide support for its financial institutions who are doing business in Hong Kong while complying with regulations and offering services to residents and companies, the China Banking and Insurance Regulatory Commission said in a statement on its website on Saturday.

Tensions between the US and China over Hong Kong has sparked tit-for-tat sanctions on politicians and officials on both sides that have left global banking institutions walking

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