A group of GOP lawmakers are condemning senior executives of America’s largest banks for agreeing to attend a Hong Kong event headlined by the territory’s leader — saying U.S. sanctions against John Lee Ka-Chiu should trump business interests.
“The hypocrisy is staggering and every financial institution enabling China’s atrocities should be ashamed,” said Rep.Tara Joseph, former president of the American Chamber of Commerce in Hong Kong, argued Hong Kong propaganda authorities will likely weaponize Lee’s presence among senior U.S. banking executives in an effort to whitewash his reputation. It’s an especially sensitive time to do so, given Hong Kong’sto normal business travel after more than two years of pandemic-imposed restrictions.
Those bankers have a ready defense: They won’t break any conditions of Lee’s sanctioned status by rubbing elbows with him in November. That’s because“contribution or provision of funds, goods, or services by, to, or for the benefit of any blocked person.” Smiling photo ops, handshakes and effusive applause for Lee’s keynote speech won’t qualify as violations.
Hong Kong pro-democracy activists say that narrow framing of permissible interactions with Treasury-sanctioned individuals mean that visiting senior corporate executives render Lee and the Hong Kong government implicit approval and reputational boosts just by showing up to hear him speak.
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