Greater China Banks Daily "US lets Hong Kong emergency expire but keeps..."

Research evidence excerpt

Greater China Banks Daily "US lets Hong Kong emergency expire but keeps..."

Global Research

20 July 2026ab

Greater China Banks Daily Equities

ChinaUS lets Hong Kong emergency expire but keeps

preferential treatment restrictions; SAFE plans Banks

new cross-border facilitation package MayAnalystYan

may.yan@ubs.com

+852-2971 7157

US lets HK emergency expire but keeps preferential treatment restrictions Alex Ye

Analyst

Reuters, SCMP, July 17: The United States has allowed parts of Executive Order 13936, a S1460522090005

Trump-era order issued in July 2020 after Beijing imposed Hong Kong’s national security alex.ye@ubs.com

law, to expire. The order had declared a national emergency over Hong Kong, +86 755 2215 8858

sanctioned officials linked to the security crackdown and suspended the city’s

Catherine Yang, CFA

preferential treatment in areas including trade and export controls. China’s commerce Analyst

ministry and the Hong Kong government welcomed the decision as a positive step S1460526010003

following recent U.S.-China trade talks, adding that maintaining Hong Kong's catherine-za.yang@ubs.com

prosperity serves shared interests. However, a State Department spokesperson further +86-755-2215 8860

clarified that “The president has allowed the national emergency to end, but Executive Helen Li, CFA

Order 13936 otherwise remains in effect". The spokesperson said that, as the order Analyst

states, Hong Kong is no longer sufficiently autonomous to justify different treatment helen-za.li@ubs.com

from mainland China under certain US laws and provisions. Restrictions under the Hong +852-2971 6066

Kong Human Rights and Democracy Act and the Hong Kong Autonomy Act remain in

place, with sanctions still applying to 38 of 49 previously designated individuals.