General
Hong Kong leader Carrie Lam says she has ‘piles of cash’, no bank account due to US sanctions
Hong Kong leader Carrie Lam says she has to pile up cash at home as she has been unable to open a bank account in the global financial centre since Washington sanctioned her shortly after Beijing imposed a national security law on the city.
Key points:
- The United States imposed sanctions against Chief Executive Carrie Lam and other Hong Kong officials in August
- A defiant Ms Lam told local media that it was “honourable” to be sanctioned by Washington
- Ms Lam’s annual salary is almost 1 million Australian dollars, making her one of the highest paid public officials worldwide
Beijing circumvented Hong Kong’s legislature and imposed a national security law on the former British colony on June 30, a move condemned by some foreign governments,…
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