HK Leader Warns US Companies Will Suffer If Trade Offices Shut

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John Lee,Hong Kong,Trade Offices

(Bloomberg) -- Hong Kong’s leader warned that American businesses will suffer if Washington adopts a bill to shut the city’s US trade offices, as the city’s ...

-- Hong Kong’s leader warned that American businesses will suffer if Washington adopts a bill to shut the city’s US trade offices, as the city’s relationship frays with the world’s largest economy.Chief Executive John Lee on Tuesday repeated China’s threat of retaliation if the US pushes ahead with an act that would close the finance hub’s three Economic and Trade Offices in America. The US could take such action if it no longer deems the former British colony sufficiently autonomous from China.

InvestHK, responsible for attracting foreign direct investment, assisted over 350 non-local companies in the first seven months of the year, a 40% increase compared to 2023, according to Lee. Rapper turned music mogul Sean "Diddy" Combs has been arrested, according to the US attorney for the Southern District of New York . The 54-year-old was arrested at the Park Hyatt hotel in New York, a representative said, although it is unclear precisely on what charges. SDNY attorney Damian Williams said it was "based on a sealed indictment" and is expecting to have more to say when the document is unsealed.

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