China Signals Anti-Sanctions Clauses for Financial Law

Bloomberg Law reports that Vice Premier He Lifeng said China will add anti-sanctions and blocking provisions to financial legislation to counter what Beijing views as improper unilateral sanctions. The article says officials also plan to pursue similar blocking and countermeasure provisions across other financial laws. For banks, funds and corporate counsel, the direction of travel is clear: sanctions compliance may increasingly collide with Chinese countermeasure rules. Policies need escalation routes for instructions that may be legal in one jurisdiction and restricted in another.