As the U.S. moves to punish Chinese officials involved in the clampdown on Hong Kong, international banks and other businesses have a problem: how to obey conflicting rules of both Washington’s coming sanctions regime and the territory’s broad new national-security law. On Tuesday, President Trump signed into law a bill that requires sanctions against not only Chinese officials and entities materially contributing to the erosion of Hong Kong’s autonomy, but also financial institutions doing business with those who will appear...

Source: Wall Street Journal July 15, 2020 15:09 UTC