Secretary for Commerce and Economic Development Edward Yau said that the outrageous and unreasonable acts of the United States will definitely affect the relations between China's Hong Kong and the United States.
It is right and proper for Hong Kong to safeguard national security and foreign enterprises need a stable environment to operate in Hong Kong, he said, adding that if the United States unilaterally takes unreasonable action, it will ultimately affect U.S. businesses.
Chan Man-ki, founding president of the Small and Medium Law Firms Association of Hong Kong, said that "one country, two systems" is the cornerstone of Hong Kong being an international financial centre and an international metropolis. American businessmen doing business in Hong Kong are beneficiaries of Hong Kong's prosperity and stability under "one country, two systems."
She pointed out that the United States, confounding right with wrong and suppressing China with lies of so-called equality, peace, freedom and democracy, will reap the consequences.
In response to the so-called U.S. sanctions, the Hong Kong Monetary Authority said that unilateral sanctions imposed by foreign governments are not part of the international targeted financial sanctions system passed by the United Nations and have no legal effect in Hong Kong.
The Non-official Members of the Executive Council said in a statement that the U.S. government's claim that the imposition of the so-called sanctions is in response to the enactment of the national security law in the HKSAR is unsubstantiated and sweeping. They express regret over the U.S. government's act which has undermined the relations between China's Hong Kong and the United States.
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