Trump ends Hong Kong trade preferences, backs banking sanctions

Trump also said he had signed into law the Hong Kong Autonomy Act, which authorises sanctions against Chinese officials and Hong Kong police seen as infringing on the city's autonomy -- and, crucially, any banks that make significant transactions with them.

"This law gives my administration powerful new tools to hold responsible the individuals and the entities involved in extinguishing Hong Kong's freedom," Trump said. "China will make necessary responses to protect its legitimate interests, and impose sanctions on relevant US personnel and entities," the Chinese foreign ministry said.The White House acknowledged concerns that the Hong Kong Autonomy Act, a tougher follow-up to a law last year, limits the president's leeway to waive sanctions.

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Newsdeck: Beijing’s Hong Kong office warns pro-democracy poll could violate new security lawHONG KONG, July 14 (Reuters) - Beijing's top representative office in Hong Kong has warned that pro-democracy opposition's primary elections at the weekend could violate a new national security law, exacerbating concerns over a crackdown on the former British colony's democracy movement.
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