9/17, 4:08 PM (Source: TeleTrader)
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US sanctions 'several' Chinese firms over HK

United States Treasury Department's Office of Foreign Assets Control (OFAC) announced on its website on Friday it has sanctioned "several additional" Chinese entities over "Hong Kong-related" issues.

The entities added to the list include Taiwan Be Charm Trading Co Ltd, Victory Somo Group HK Ltd, Black Drop Intl Co Ltd, and industrial equipment firm China 49 group Ltd.

Earlier during the week, Beijing criticized Washington's stance regarding the "China initiative," the security cooperation agreement between the United Kingdom, Australia, and the US, as well as the country's position on Taiwan.

Breaking the News / BU