The White House will deliver warnings this week to American corporations working in Hong Kong as Beijing seeks to control more of the financial dealings within the territory, a report says.
The announcement will pertain to warnings about the storage of private data in Hong Kong and a Beijing plan to enable retalitory sanctions against individuals or groups that impose restrictions on Chinese companies, the report in the Financial Times said.
US President Joe Biden will issue the warning as the White House seeks to update Trump era sanctions issued against China in retaliation for actions it is taking in Xinjiang to imprison Muslim citizens of that country. China has vigorously spoken out against these claims. Earlier today, China officials claimed that Hong Kong residents and foreign firms are not at risk in the entrepot.
The warning will also highlight recent actions that the Biden administration believes curtail democracy aims in Hong Kong. China has said that actions that seek to penalise officials and the financial hub are infringements of China's sovereignty.
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