Hong Kong’s Chief Executive John Lee
Photo:
Selim Chtayti/Associated Press
Much of corporate America has adopted progressive claims about social justice—though that concern seems to stop at the water’s edge. Witness the pilgrimage to Hong Kong that top Wall Street executives are scheduled to make next month to meet the official who arrested democracy supporters, undermined the rule of law, and crushed the free press.
On Nov. 2,
John Lee,
the current chief executive and former secretary for security of Hong Kong, will keynote the Global Financial Leaders’ Investment Summit in Hong Kong. Scheduled speakers also include
CEO
James Gorman,
president
Jonathan Gray,
CEO
David Solomon,
CEO
Jane Fraser,
president
Rob Kapito,
and
president
Daniel Pinto.
All the masters of Wall Street.
They surely know who Mr. Lee is. In 2020 the U.S. Treasury sanctioned him for “being involved in coercing, arresting, detaining, or imprisoning individuals under the authority of the National Security Law.” Beijing imposed the law to outlaw dissent in Hong Kong, and the maximum penalty is life in prison. As of June 26, 203 people had been arrested and 123 charged under the law, according to the online magazine ChinaFile.
A megayacht owned by a sanctioned Russian tycoon recently docked in Hong Kong harbor, triggering a U.S. warning. “The possible use of Hong Kong as a safe haven by individuals evading sanctions from multiple jurisdictions further calls into question the transparency of the business environment,” a State Department spokesperson told Bloomberg. Hong Kong said it doesn’t enforce U.S. sanctions.
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