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POLITICSAug 28US Treasury sanctions Hong Kong-based firm over Iran money laundering tiesThe United States announced sanctions on a Hong Kong company on Friday for allegedly helping launder funds for a sanctioned Iranian exchange house, the latest Chinese entity to be targeted as part of Washington’s expanded efforts to squeeze Iran’s financial sector. The development comes as Washington has in recent days slapped new Iran-related sanctions on various Chinese entities, prompting Beijing to vow retaliation just weeks before Chinese President Xi Jinping’s expected visit to the...South China Morning Post
POLITICSJul 29US sanctions Chinese, Hong Kong shipping firms over Iranian oil deliveriesThe United States on Wednesday sanctioned a group of mainland Chinese and Hong Kong shipping companies accused of operating vessels that transported Iranian oil to China, extending Washington’s economic campaign against Tehran alongside its naval blockade. The US State Department said eight companies were designated for operating vessels that moved Iranian crude oil and petrochemical products to China and the United Arab Emirates as part of Iran’s sanctions-evading “shadow fleet”. Six of the...South China Morning Post
POLITICSJul 8Hong Kong’s Paul Chan pledges second trip to Saudi Arabia to build Mideast tiesHong Kong’s finance chief will lead another business delegation to Saudi Arabia later this year, announcing the news as the city hosted the first overseas edition of one of the kingdom’s top technology conferences as part of efforts to boost ties with the Middle East. Speaking at the opening ceremony of LEAP East 2026 on Wednesday, Financial Secretary Paul Chan Mo-po also announced that the conference’s Hong Kong edition would continue to be held annually for the next three years. For his second...South China Morning Post