Carrie Lam's American sanctions hurting

The chief executive of Hong Kong has said she keeps her one million Australian dollar salary at home in “piles of cash” because she has no bank account after the imposition of US sanctions. “I have piles of cash at home. The government is paying me in cash because I don’t have a bank account.” Hong Kong’s leader admitted that US sanctions imposed on her because of the national security law will be an inconvenience but said she and her colleagues will not be intimidated and that it felt honourable to be trusted by Beijing to enforce the legislation. Under the sanctions, the US-based assets of individuals or entities are blocked and Americans and businesses are generally prohibited from dealing with those officials. Carrie Lam admitted in the interview with the English-language broadcaster that the sanctions would be an inconvenience. “We have to use some financial services and we don’t know whether that will relate back to an agency that has some American business, and the use of credit cards will be sort of hampered and so on,” she said. “But those are really meaningless, as far as I am concerned.