Hong Kong chief says Beijing has no timetable for anti-sanctions regulation

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HONG KONG, Oct 5 (Reuters) – Hong Kong chief Carrie Lam mentioned on Tuesday that Beijing has no timetable to increase an anti-sanctions regulation to the worldwide monetary hub, the place monetary establishments are involved over the impression it may have on their operations.

Lam, talking at her weekly information briefing, mentioned Beijing would take note of the town’s standing as a global monetary centre if it decides to increase the regulation to Hong Kong.

Beijing was anticipated to formally approve the regulation for the Chinese-ruled metropolis in August to counter actions by overseas governments amid escalating geopolitical tensions, however postponed a vote on the difficulty.

Reporting by Clare Jim and Donny Kwok; Editing by Kim Coghill

Hong Kong Chief Executive Carrie Lam attends a news conference following the annual policy address in Hong Kong, China November 25, 2020. REUTERS/Lam Yik/File Photo