Biden to warn U.S. companies of risks of operating in Hong Kong – FT

On July 12, 2021, US President Joe Biden meets with his Attorney General Merrick Garland, law enforcement officials, and community leaders in the White House in Washington, DC, to discuss gun violence reduction strategies. Leah Millis/Reuters Reuters, July 13 – According to the Financial Times, the Biden administration will issue a warning to US corporations this week about the rising hazards of doing business in Hong Kong as China imposes greater control over the financial center. The Chinese government’s ability to gain access to data stored by foreign companies in Hong Kong, as well as a new law allowing Beijing to impose sanctions against anyone that allows foreign penalties to be implemented against Chinese groups and officials, according to the Financial Times, citing three people familiar with the situation. Radhika Anilkumar contributed reporting from Bengaluru, and Louise Heavens edited the piece. The Thomson Reuters Trust Principles are our standards./nRead More