Senators aim sanctions ‘spear’ at China’s banks

A bipartisan pair of senators wants to aim an economic “spear” at Chinese communist officials who tighten Hong Kong’s arms-length relationship with the mainland regime through sanctions legislation that could slash the Chinese financial system.

“We felt it was necessary to take a step that would actually target the offenders, target the people in Beijing who are responsible for this denial of these fundamental rights,” Sen. Pat Toomey, a Pennsylvania Republican, told reporters Tuesday.