News Snapshot:
Hong Kong’s finance chief has welcomed China’s anti-sanctions law as a “necessary and reasonable” response to punitive actions from the United States, as he raised the prospect of lawmakers adjusting the national legislation locally rather than Beijing imposing it directly. Financial Secretary Paul Chan Mo-po also said on Sunday that ongoing China-US tensions presented both risks and opportunities for Hong Kong, and businesses in the city must be aware of both. “When the US treats China companies this way [such as imposing sanctions], it also means Hong Kong’s status as an international financial centre is being treasured more by mainland...