What Hong Kong Policy Shift Means For US Finance Cos.

Law360 (June 26, 2020, 3:56 PM EDT) -- On May 29, President Donald Trump announced in a news conference that Hong Kong is no longer sufficiently autonomous to warrant the special treatment that the U.S. has afforded Hong Kong since its handover to China.[1]

Many of the initial concerns have focused on how the revocation will be implemented with respect to customs and other trade laws, but there other concerns that the financial services sector also should consider.[2] While it is unknown how far the consequences of the revocation will extend, we discuss some of the key issues to track over the coming months.

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