Hong Kong’s Chief Executive Carrie Lam says that she has “piles of cash” at home because she is denied basic banking services due to U.S. sanctions. In a television interview, Lam said the Hong Kong government has to pay her in cash because she does not have a bank account following sanctions imposed by the U.S. on her and other officials for what it called their role in undermining Hong Kong’s autonomy from mainland China, including imposing a national security law on the city at the end of June. Sitting in front of you is a chief executive of the Hong Kong SAR (special administrative region) who has no banking services made available to her,” Lam told Hong Kong International Business Channel. […] U.S. President Donald Trump imposed the sanctions in August on Chinese and Hong Kong officials including Lam; Xia Baolong, director of the Hong Kong and Macau Affairs Office of China’s State Council; and Chris Tang, commissioner of the city’s police. […] Read more: China Banks Act to Comply With Trump Sanctions on Hong Kong “It’s very honorable in this set of circumstances to be so unjustifiably sanctioned by the U.S. government. It’s an honor,” Lam said.
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