Hong Kong can respond to the introduction of US sanctions against China
The Hong Kong authorities, if necessary, can take countermeasures in response to the introduction of US sanctions against China in connection with the adoption of a law on national security of Hong Kong, said in a statement on the government website.
"We repeat, any sanctions imposed under (adopted by the U.S. Senate - ed.) of the act, will not create obligations for financial institutions in accordance with the laws of Hong Kong," - said in a statement.
The Hong Kong government urged the US "to act responsibly, refraining from taking action that could potentially affect the normal functioning of financial institutions and a large number of customers they serve".
"Countermeasures can be taken at both the Central government and Hong Kong government as necessary", - said in the government.
Previously, the newspaper USA Today reported that the U.S. Senate passed a bill on sanctions against China in connection with the adoption of a law on national security of Hong Kong. The bill now goes for signature to President Donald Trump, who can sign it or veto.
On Wednesday, the U.S. house of representatives voted for the bill providing for the imposition of sanctions against the officials, companies and banks that are associated with the acceptance or performance of the act.
Chinese President XI Jinping signed a decree on the entry into force on 30 June of the law on the protection of national security of Hong Kong. Earlier, the standing Committee of vsekitajsky meeting of national representatives endorsed the law. PC NPC also decided to include the law in Annex III of the basic law of the Special administrative region of Hong Kong.
The bill on national security caused discontent of anti-government forces in Hong Kong and some Western officials who see it as a desire by Beijing to tighten control over the autonomy.
Hong Kong came back into the possession of China from Britain in 1997, and has since enjoyed wide autonomy. The Central government of China adhere to the principle of "one country, two systems" in the management of the district. According to the joint Declaration of great Britain and China, Hong Kong will retain broad autonomy until 2047. How will be managed the former British colony after that date are still unknown.