The Campaign for Hong Kong and other Hong Kong democracy groups have expressed serious concern over the holding of “Global Financial Leaders’ Investment Summit: Navigating Beyond Uncertainty” in Hong Kong from November 1-3, 2022. About 200 financial leaders representing top financial institutions, including Goldman Sachs, Morgan Stanley, JPMorgan Chase, UBS and BlackRock, were expected to attend the summit.
The Campaign for Hong Kong organized a letter writing campaign urging participants to withdraw from the summit. The letter cited the following three reasons why participants should withdraw:
“The summit, hosted by the Hong Kong Monetary Authority (HKMA), will feature a keynote by Hong Kong’s Chief Executive John Lee Ka-chiu, who has been sanctioned by the US government and whose administration has refused to enforce sanctions from multiple jurisdictions against Russia.
Your participation will be seen and promoted as tacit approval of the ongoing brutal crackdown on Hong Kong’s pro-democracy movement, civil society, independent press, and businesses, and implicit consent to the use of Hong Kong as a haven by individuals and entities evading sanctions.
Furthermore, your participation raises serious questions about potential violations of US laws under the Hong Kong Autonomy Act (Public Law No. 116-149), the Hong Kong Human Rights and Democracy Act (Public Law No. 116-76), the Hong Kong Policy Act (Public Law No. 102-383), and in pursuant to Executive Order (EO) 13936, “The President’s Executive Order on Hong Kong Normalization,” issued on July 14, 2020.”
US legislators Jeff Merkley and Jim McGovern, both Democrats, warned that bankers risked being “complicit” in the crackdown in the former British colony