Written by: Peng Zhuowei
2020-08-08 16:37Last update date: 2020-08-08 16:37
The U.S. Treasury Department announced yesterday (7th) that 11 Chinese and Hong Kong officials, including Chief Executive Carrie Lam Cheng Yuet-ngor, will be sanctioned and detailed reasons for the sanctions. All private property and interests of the sanctioned persons in the United States, as well as joint venture property and interests in the United States or controlled by Americans that directly or indirectly hold 50% or more of the shares, must be declared to OFAC (Office of Foreign Assets Control of the Ministry of Treasury) , And prohibit Americans and companies from having any money, services, and products dealings with the assets, companies, or individuals in the U.S. of sanctioned persons.
Liu Zhaojia, vice-chairman of the National Hong Kong and Macau Research Association, believes that the sanctions are expected to have an impact on individual officials, but they have "limited material significance" at the national level. The Chinese government should have anticipated this action by the US and will There are corresponding countermeasures to respond. However, Liu Zhaojia believes that the sanctions list will more or less deter those who intend to join the government team.
Liu Zhaojia said that the sanctions list was unexpected. (Profile picture)
When interviewed by "Hong Kong 01", Liu Zhaojia said that thousands of people around the world are on the list of sanctions by the United States, including freezing assets in the United States and prohibiting third parties from trading with sanctioned persons. He pointed out that the US Treasury Department is responsible for the sanctions this time, and there is no mention of not issuing visas to sanctioned persons.
Liu Zhaojia pointed out that since the sanctions list includes key Hong Kong officials, it is believed that in the eyes of China, this is tantamount to a gross violation of Hong Kong’s sovereignty, emphasizing that no sovereign country can accept the relevant actions. He estimated that some large-scale financial weapons are difficult to use in Hong Kong, such as prohibition. U.S. dollars are used for transactions and settlements, because there are still many organizations and companies operating in Hong Kong in the United States.
Liu Zhaojia: Or stay away from those who intend to join the government team
He expects that China will soon introduce proportional countermeasures, such as counter-sanctions against officials who promote bills that harm Hong Kong’s interests. Liu Zhaojia also mentioned that the current sanctions may affect people who intend to become officials of the Hong Kong government in the future. If they do not want to give up their ties or assets with foreign countries, they will not join the government under the current situation. This will speed up President Xi Jinping’s tenure. The goal mentioned in the Ninth Congress is to let patriots rule Hong Kong.
Sanctions are Trump's election strategy, it is difficult to predict whether there will be the next round of sanctions
As for whether there will be the next round of sanctions list, Liu Zhaojia pointed out that it is difficult to predict, but pointed out that there are many internal problems in the United States, and the election of President Trump is severe. He believes that sanctions are one of his election strategies, or he will wait for the birth of a new president. Only a new situation can be seen in US relations.
▼List of U.S. sanctions against Chinese and Hong Kong officials and reasons▼
U.S. Sanctions | Institutional groups petition the U.S. to approve sanctions to interfere in China’s internal affairs
US Sanctions｜The Federation of Trade Unions and the DAB strongly condemn Trump for adding political capital to the election
US sanctions | Luo Huining refutes the sanctions and wishes to send $100 for Trump to freeze
US sanctions | Zheng Ruohua affected by sanctions, Da'anle Engineering just acquired a US company this year
US Sanctions | What are the consequences of 11 Chinese and Hong Kong officials being sanctioned by the US? Prohibition of money and services
01 Political Situation