HK regulators see limited sanctions impact as banks weigh action


HONG KONG (Reuters) - Hong Kong financial regulators sought to calm market fears on Saturday as global financial firms in Hong Kong weighed cutting ties with local clients after the United States imposed sanctions on senior Hong Kong and Chinese officials.

Washington imposed sanctions on Hong Kong Chief Executive Carrie Lam and 10 other top officials for what it calls their role in curtailing political freedoms in the territory, prompting a sharp rebuke from Beijing.

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