Ming Pao: Financial Zhan Mountain Rain desires to come to China and the United States

Source: Ming Pao

After the Sino -US relay trade and scientific and technological warfare, the financial war was also desperate.U.S. judges ruled that three large Chinese banks despised the court, refused to follow the US -owned sub -vouchers on violations of North Korean sanctions, and did not rule out that the Huafu re -sealed Huawei's old tricks and operated to the Chinese banks involved., Can't engage in US dollar transactions.In the past, the United States has never cited relevant legal disputes. This time, the incident logo Washington attempts to deal with Chinese banks and enterprises with more aggressive legal tools.The G20 (Group 20 Group) is imminent. Whenever the Sino -US dialogue ushered in an important moment, the United States must have a new action in order to increase negotiating chips. However, the risk of financial warfare must not be underestimated.Global banking system.

Blocking the haze of the Chinese bank's haze and aggressive law enforcement may become the norm

This turmoil is related to a civil operation in Washington two years ago.At that time, the U.S. Department of Justice accused the Bank of China, China Merchants Bank, and Shanghai Pudong Development Bank violated US sanctions to launder more than $ 100 million for North Korean Foreign Trade Bank. Three banks emphasized that there have been strictly abide by the UN sanctions resolution.According to the exclusive disclosure of the Washington Post, the US court ruled last month that three Chinese banks involved in the case despised the court and refused to follow the subpoena on violations of North Korean sanctions investigations.The spear head pointed directly at Shanghai Pudong Development.

On the scale of assets, Shanghai Pudong Development is the ninth largest bank in China, with a $ 900 billion asset scale compared with the United States Goldman Sachs.Shanghai Pudong Development Business focuses on the Mainland, and there are no branches in the United States, but there are hukou in the United States to handle US dollar transactions.The latest ruling means that the U.S. Department of Justice and the Ministry of Finance can quote a clause for the first time. Shanghai Pudong Development rejected the door of the US financial system and cannot operate US accounts to handle US dollar transactions.U.S. experts described that if Washington really quoted relevant sanctions clauses, and was sentenced to a financial death penalty, in an attempt to defeat the banks involved, even if it could not be a fatal blow, it would definitely cause serious damage.

The United States sanction in hostile countries such as Cuba, Iran, and Sudan through domestic legislation, with endless examples.In the past, Washington was fined European banks in violation of the name of the US sanctions, but few threatened to defeat a foreign bank.The controversy of the incident is that the United States forced Chinese banks to hand over customer information with external laws; banks involved in the investing in the case emphasized that according to Chinese law, it is not necessary to provide customer information to overseas.Sino -US criminal judicial assistance agreement treatment.It is difficult for the United States to be strong, and it is impossible for banks involved to violate Chinese laws in order to accommodate the requirements of the United States.

The Patriot Act passed by the US Congress after the terrorist attack of the Patriot. After many years, it has repeatedly violated human rights disputes and is often criticized as evil laws.Now the United States quotes such laws to work with Chinese banks. It is full of maliciousness. Obviously, it is no longer a problem of sanctioning North Korea. Even some American legal experts believe that the incident logo has prepared to adopt the most aggressive judicial justice.Power, dealing with Chinese banks and enterprises, such law enforcement actions may become the norm in the future.

Looking back on the past year, China and the United States are in vain. Whenever the conversation negotiation comes to a critical moment, the United States often has new actions to try to increase the chips on the hand.In December last year, the United States had disagreed with Huawei's vice chairman Meng Wanzhou. As the United States was expected to reach a trade agreement in Junior High School in May this year, Trump suddenly ordered a 25 % tariff on US $ 200 billion in Chinese goods, and and and and and also.Expand the killing of Huawei.The Saturday G20 Summit's Xi Special Association is about to be held, which will inevitably pay attention to whether the White House wants to re -apply.

The internationalization of Hong Kong issues is a blessing or a disaster to clear

The nature of the incident is similar to the United States to suppress Huawei. Former US officials pointed out that just like the combating Huawei and sword referring to the Chinese high -tech industry, the strategy of Huafu in this incident is also clicked.The United States moved out of some rarely used policy tools in the past to combat individual Chinese banks to pressure the entire financial industry in China. However, this approach of Washington is actually quite dangerous.The global financial system is closely connected. In 2008, the experience of financial tsunami showed that an accident in a large financial institution caused an unexpected bone card effect at any time and endangered the world.The scale of many large banks in China, if it is large enough in the United States to be ranked, if Washington thinks it is okay to play fire, it is rash to kill individual Chinese banks, which may open the Pandora box and cause the global banking system to fluctuate.Harm will end up at any time.

In the 1970s, China and the United States established diplomatic relations, and relations between the two countries have been developing in the general direction of strategic cooperation. However, at this moment, Sino -US relations have moved from engagement to Disengagement.The desire to come by reflects this trend.The United States believes that the strategic contact in the past 40 years cannot make China obediently under the order of US hegemony, but has enhanced China and challenged the US status.Washington has become more and more inclined to pull down all kinds of curtains to exclude China. 5G communication technology, digital economy, electronic payment, artificial intelligence and other high -tech industries have hidden two models and two models of the world.

The US government's attitude towards China has evolved into the hostile suppression from the strategic competition of the early 21st century in the late 21st century.Deeply worry.The opposition between China and the United States is increasingly acute. As the traditional role of the Eastern and Western bridges, Hong Kong will usher in the biggest test of a century. Hong Kong should try to avoid being involved in the vortex of this struggle; trying to push the Hong Kong issue on the G20 summit schedule. It is a blessing to Hong Kong.Must think carefully.