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Hong Kong SFC reassures FIs about potential conflict between US sanctions and NSL

Financial institutions (FIs) can heave a sigh of relief now that the Hong Kong Securities and Futures Commission (SFC) has given them the private reassurance that implementing US sanctions is unlikely to be considered as engaging in “hostile activities against the Hong Kong SAR”, which would be an offence under the recently enacted National Security Law (NSL). The stance by the…

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