Quote TweetThis is a mainland reg & so will not automatically apply in HK, but still is an indication of how Beijing sees the world & will inevitably have implications for global financial institutions operating here. Summary below & link to full Eng version here: http://english.mofcom.gov.cn/article/policyrelease/announcement/202101/20210103029708.shtml…
Henry Gao
@henrysgao
· 5h
MOFCOM just issued its first order for 2021: Rules on Counteracting Unjustified Extra-territorial Application of Foreign Legislation and Other Measures. Key message:We are going to prohibit firms from complying with foreign laws prohibiting transactions with Chinese firms.
Last edited by AsianXpat0; 09-01-2021 at 04:46 PM.
The proverbial sh*t is about to hit the fan. I'd grab the popcorn if I wasn't running a business in the middle of the two countries duking it out. So this is mainland only for now? Doesn't affect my business but certainly affects all of us in a big way if it's used here