Aggregated News From Investment Management Regulators

President Trump signs the Hong Kong Autonomy Act into law

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On July 14, 2020, President Trump signed into law the Hong Kong Autonomy Act (the HKAA), unanimously passed by the U.S. House of Representatives on July 1, 2020 and by the U.S. Senate on July 2, 2020. Simultaneously, President Trump signed an executive order (the Executive Order) implementing the HKAA and revoking Hong Kong’s preferential trade status, meaning it will now be treated the same as mainland China for the purposes of, among other things, export controls and tariffs.

Read the full article from Reed Smith here: https://www.reedsmith.com/en/perspectives/2020/07/president-trump-signs-the-hong-kong-autonomy-act-into-law

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