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US-China tensions

China poised to impose anti-sanctions law on Hong Kong

City's multinationals face financial risk, caught in US-Beijing tug of war

China applying its anti-sanctions law to Hong Kong would impact financial institutions in the city that comply with U.S. sanctions.   © Reuters

HONG KONG -- China is preparing to apply an anti-sanctions law on Hong Kong, local news reports say, laying the groundwork to punish foreign financial groups in the territory that comply with Western sanctions.

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