The SCMP reports
- The law, designed to punish companies that abide by US sanctions or fail to carry out China’s, has prompted anxiety among some foreign investors
- The National People’s Congress Standing Committee will ‘continue to study related issues’, city’s sole delegate to the body tells Post
China’s top legislative body has unexpectedly postponed a vote to introduce a far-reaching anti-sanctions law into Hong Kong’s mini-constitution that would give the city legal teeth to retaliate against Western government attacks.
While the business community is nervous about being caught in the crossfire after the city adopts the law, the sudden U-turn by the central government has raised eyebrows, coming just after Tam Yiu-chung, Hong Kong’s sole delegate to the National People’s Congress (NPC) Standing Committee, predicting earlier this week that the “urgent and necessary” resolution was very likely to be approved.
