Hong Kong has become a center for financial crimes as Beijing tightened its grip on the city, US lawmakers said, highlighting the worsening ties between the former British colony and Washington.
Since Beijing imposed a national security law on Hong Kong in mid-2020, the city “has shifted from a trusted global financial center to a critical player in the deepening authoritarian axis” of China, Iran, Russia and North Korea, the heads of the House China Select Committee said in a letter to Treasury Secretary Janet Yellen on Monday.
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