---
title: Jones Day Commentary – The Hong Kong Autonomy Act Signed into Law
description: "On July 14, 2020, President Trump signed into law the Hong Kong Autonomy Act (the \"HKAA\"), the U.S. government's response to China's new National Security Law for Hong Kong."
---

[Member News | CGCCUSA ](https://www.cgccusa.org/en/news)

# [Jones Day Commentary – The Hong Kong Autonomy Act Signed into Law](https://www.cgccusa.org/en/news/jones-day-commentary-the-hong-kong-autonomy-act-signed-into-law)

 Written by [CGCC](https://www.cgccusa.org/en/news/author/cgcc) | July 27, 2020

##### **Original Source: **[**Jones Day**](https://jonesday-ecommunications.com/272/5478/july-2020/hong-kong.asp?sid=1aeee702-89a6-4db5-858d-e798e0b289f1)** **

**IN SHORT:**

**The  
 Situation:** On July  
 14, 2020, President Trump signed into law the Hong Kong Autonomy Act (the  
 "HKAA"), the U.S. government's response to China's new [National Security  
 Law for Hong Kong](https://jonesday-ecommunications.com/e/bquoavgjihlqqpa/1aeee702-89a6-4db5-858d-e798e0b289f1).

**The  
 Result:** The HKAA could  
 result in a significant disruption to global transactions, including impacting  
 global supply chains, commercial relationships, correspondent banking  
 relationships, and credit agreements.

**Looking  
 Ahead:** The ultimate  
 effect of the HKAA largely will depend on how the U.S. government implements  
 it, including the scope of the individuals and entities named to the relevant  
 reports. Therefore, banks and companies active in Hong Kong, or in broader  
 aspects of U.S.-China trade and finance, should monitor implementation of the  
 HKAA carefully and be mindful of the new risks and prohibitions it creates.

[CLICK HERE](https://jonesday-ecommunications.com/272/5478/july-2020/hong-kong.asp?sid=1aeee702-89a6-4db5-858d-e798e0b289f1) to read the full commentary regarding The Hong Kong  
 Autonomy Act

[View full post](https://www.cgccusa.org/en/news/jones-day-commentary-the-hong-kong-autonomy-act-signed-into-law)

```json
{
  "@context" : "http://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "CGCC"
  },
  "dateModified" : "2025-01-31T00:37:02.042Z",
  "datePublished" : "2020-07-27T21:51:26Z",
  "headline" : "Jones Day Commentary – The Hong Kong Autonomy Act Signed into Law",
  "image" : {
    "@type" : "ImageObject",
    "height" : 397,
    "url" : "https://47510199.fs1.hubspotusercontent-na1.net/hubfs/47510199/Imported_Blog_Media/Screen-Shot-2020-07-27-at-4_26_25-PM-1.png",
    "width" : 651
  },
  "mainEntityOfPage" : "https://www.cgccusa.org/en/news/jones-day-commentary-the-hong-kong-autonomy-act-signed-into-law",
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "height" : 60,
      "url" : "/hs/hsstatic/content_shared_assets/static-1.4092/img/default-amp-logo.png",
      "width" : 60
    },
    "name" : "News"
  }
}
```