Strict Chinese anti-sanction laws may be extended to HK but insiders believe it will not harm the city’s financial prominence - AML Intelligence
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Strict Chinese anti-sanction laws may be extended to HK but insiders believe it will not harm the city’s financial prominence

By Dan Byrne for AMLi

The more restrictive Chinese law allowing for retaliation against foreign sanctions was passed in June, and now it is expected to be extended to Hong Kong.

But government insiders are claiming that the law will be applied with enough ambiguity that the disruption to the city – still a core global financial hub – will be kept to a minimum.

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