In the News: Trump Executive Order; Bond Market Integration; and Huawei UK Ban

July 20, 2020 | BY

Vincent Chow

Trump strengthens sanctions over Hong Kong with executive order; China integrates fragmented bond markets to facilitate greater investment; U.K bars Huawei equipment from 5G networks citing U.S. sanctions

Huawei

Trump issues executive order strengthening sanctions, revoking Hong Kong's special status

The Trump administration is significantly ramping up its response to events in Hong Kong. On July 14, President Donald Trump signed into law the Hong Kong Autonomy Act (HKAA), which proposes sanctions against foreign individuals and entities deemed responsible for the alleged erosion of Hong Kong's autonomy. The president issued a separate executive order enhancing the sanctions program provided for in the HKAA. The order also confirmed that the U.S. will revoke Hong Kong's special status in the areas of export controls, immigration and more.

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