U.S. House bill targets banks amid fears over China law for Hong Kong

The U.S. House of Representatives passed legislation on Wednesday that would penalize banks doing business with Chinese officials who implement Beijing's draconian new national security law imposed on the former British colony of Hong Kong. China responded by saying the United States should stop interfering in Hong Kong affairs and warned that it would "resolutely and forcefully resist". Hong Kong returned to Chinese rule in 1997 under a "one country, two systems" formula that protected its freedoms, including an independent legal system, and wide-ranging autonomy.

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