01 Investigation
Author: Lao Xianliang
2020-12-23 07:05
Last update date: 2020-12-23 07:05
In response to the "Hong Kong National Security Act" enacted by the National People's Congress, the United States began sanctions against Hong Kong and China officials who undermined Hong Kong's autonomy in August. A total of 29 people, along with all 14 vice chairmen of the National People's Congress, were included in the sanctions list.
Among them, after being sanctioned, Lam Cheng Yuet-ngor publicly stated that her bank account had been closed and that she would use cash to pay for food; her youngest son, Lin Yuexi, who studied in the United States, returned to Hong Kong even more urgently.
After Zheng Ruohua, Deng Bingqiang, Liu Cihui, and Li Guihua were sanctioned by the United States, all mortgages were changed and the mortgages were paid off early.
01 Investigation "US Sanctions Tracking" exclusive series:
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U.S. Sanctions Tracking | Lam Cheng cash pays his youngest son Harvard rushes back to Hong Kong, many officials pay off mortgages early
▼List of 15 Chinese and Hong Kong officials sanctioned by the United States in August and November and reasons▼
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The United States officially announced sanctions on 11 Chinese and Hong Kong officials on August 7, but it was announced as early as July that the Chief Executive Carrie Lam responded on July 31, saying, "I laughed and sneered at these so-called US sanctions."
▼The second son of Carrie Lam, Lin Yuexi, returned to Hong Kong from Harvard University▼
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The fax agency reported that the youngest son of Carrie Lam, who has been studying for a master's degree at Harvard University, has disappeared since July 25. He had told the owner of the rental unit that he had returned to Hong Kong with a "family emergency" and did not sign a new year as agreed. lease.
Carrie Lam also accepted an interview with the Hong Kong International Finance and Economics Channel in November, saying that her bank account was closed and she needed to use cash to pay food.
Sitting in front of you is the Chief Executive of Hong Kong SAR, who has no banking services made available to her. I'm using cash everyday for all the things. I have piles of cash at home because the government is paying cash on my salary. (The chief executive of the Hong Kong Special Administrative Region sits in front of you, but there is no bank to provide services. I use cash for everything every day. I have a large stack of cash in my house because the government pays me in cash.)
Carrie Lam
▼01 Exclusive disclosure of mortgage transaction of sanctioned officials▼
Zheng Ruohua, Deng Bingqiang, Liu Cihui, and Li Guihua all had mortgage changes
"Hong Kong 01" also exclusively revealed that the mortgage of other senior officials was changed before and after the sanctions by the United States.
The Secretary of Justice Zheng Ruohua paid off the mortgages of Standard Chartered Bank of the independent houses of Haishi Villa in Tuen Mun and the units in Chunjingyuan, Shatin in one stroke after three weeks of sanctions.
Three days before being sanctioned by the United States, the Commissioner of Police Deng Pingqiang transferred the mortgage of the Chi Fu Garden property in the southern district from HSBC to Bank of China Hong Kong.
By November 10, the United States imposed additional sanctions on four Chinese and Hong Kong officials. On the same day, Deng Bingqiang also paid off the mortgage refinanced to the Bank of China.
Liu Cihui, Deputy Commissioner of Police (National Security), was sanctioned on November 10th. On the 26th of the same month, she paid off the Chong Hing Bank mortgage of the Jiafutai Property in Mid-Levels West.
The Senior Superintendent of the National Security Department of the Police Li Guihua also paid off the Bank of China Hong Kong mortgage on his Lam Tin Laguna City property in a lump sum on December 2.
The National Security Law of the Port Area, which was enacted by the National People's Congress, was formally implemented on July 1, and the provisions were not made public until late the night before the implementation.
(Data Picture / Photo by Gao Zhongming)
Sanctioned officials interviewed said to rely on his wife's household registration
The South China Morning Post interviewed three unnamed officials who were sanctioned. One said that the bank account was closed and the wife’s account was used to pay food. All expenses depended on the wife’s account. Only cash or Octopus was available on weekdays. Another official said that the bank account was not It is closed, but cannot use online banking or credit card services, nor can overseas transfers; the third official said that he no longer has any bank accounts, the situation is similar to Lam Cheng.
Iranian and Russian banks are sanctioned and Hong Kong branches operate as usual
"Hong Kong 01" reviewed the full sanctions list of the US Department of the Treasury. In addition to Chinese and Hong Kong officials sanctioned for political reasons, more than 60 Hong Kong companies and individuals, including a freight forwarder with an Iranian airline, were accused of supporting Local armed groups; two Hong Kong groups are accused of being involved in the Golden Triangle drug trafficking organization, one of the company’s directors has served as a member of the CPPCC National Committee in Hong Kong.
The other two Hong Kong branches of overseas banks registered with the Hong Kong Monetary Authority are also on the sanctions list.
Melli Bank, which is registered in London and has a background of the National Bank of Iran, was sanctioned by the European Union and the United Kingdom from 2008 to 2016. The Hong Kong Monetary Authority followed suit until it was lifted in 2016. The United States reiterated its sanctions in 2018, but Hong Kong did not follow.
The bank is located in Guanjun Building in Central and is still operating. Staff members do not comment on sanctions.
The Russian state-owned development bank "VEB" has been sanctioned because of the Ukraine issue. The Hong Kong-registered "VEB ASIA" and its office in the Central International Financial Center are still operating. Staff members do not comment on the sanctions.
▼In December, the United States sanctions all 14 vice chairmen of the National People's Congress▼
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The U.S. increases sanctions against the four officials of China and Hong Kong on the same day Deng Bingqiang pays off the Bank of China mortgage on the property in the southern district
U.S. sanctions│Deng Bingqiang Zhifu Garden property re-mortgage of Bank of China, Hong Kong and the United States announced that sanctions were completed 3 days ago
US sanctions│ Zheng Ruohua paid off the two properties in early September Standard Chartered Mortgage Department of Justice: Secretary does not comment
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