Thursday, July 6, 2023

U.S. Treasury warned Hong Kong banks on tech exports to Russia

  HSBC plans Hong Kong investor summit to fill gap left by Credit Suisse |  South China Morning Post   
U.S. Treasury warned Hong Kong banks on tech exports to Russia

HONG KONG -- U.S. Treasury officials visited Hong Kong in June to urge the central bank, financial institutions, law firms, consultancies and industry groups to do more to curb the flow of advanced American-made technology from the city into Russia.
 
The meetings came just days before U.S. Secretary of State Antony Blinken said during a visit to Beijing that Washington has "ongoing concerns" that Chinese companies are providing technology that Russia could use in its war against Ukraine.
 

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