Total 10 Posts
At a Congressional hearing earlier this week, a Republican Congressman pressed several banking executives about their willingness to do business with China.
Earlier this week, Congressman Tim Ryan (D-OH) and six House colleagues wrote a letter urging the Biden administration to "aggressively enforce" the Uyghur Forced Labor Prevention Act (UFLPA) and "provide Congress with additional information on how the law is being applied to Chinese solar companies."
On June 9, a bipartisan bill was introduced in the U.S. House of Representatives that would restrict banks from doing business with entities operating in Xinjiang and other regions where human rights abuses occur.
In the UK Parliament last week, a Labour party MP pressed a trade official from the UK government about purchases of surveillance products from China. This issue has been hotly debated in recent months and years, and could be addressed in upcoming legislation.
A bipartisan bill introduced in the U.S. House of Representatives last week would restrict banks from doing business with entities that operate in Xinjiang and other regions where human rights abuses occur.
As new U.S. rules are being debated on investment screening of outbound investment destined for China, a recent statement by a German minister may suggest action there as well, although the issue has not progressed as far in Germany. In remarks reported by Reuters [https://www.reuters.com/world/
A bipartisan group of members of the Congressional-Executive Commission on China (CECC) have sent a letter to HSBC, a "British multinational investment bank and financial services company," raising "questions and concerns about HSBC’s business practices in Hong Kong and globally, including restrictions placed on the accounts of American citizens