The Economy in Hong Kong Won’t Benefit from the New National Security Law

There is a sense of uncertainty among foreign businesses about how Hong Kong’s new security law, known as Article 23, will impact them. The United States has expressed concern over the vague language used in the law, particularly regarding the definition of “state secrets,” which could potentially expose executives and finance professionals to charges of espionage for simply carrying out their duties.

Despite reassurances from city officials that the law aligns with international standards and should not be a cause for worry for media outlets, the financial sector, or non-governmental organizations if they are engaging in regular activities, there are still concerns about potential restrictions on freedom of speech and other civil liberties.

The broad scope of the law has raised concerns among foreign businesses about its potential impact on their operations in Hong Kong. There is a high level of anticipation and apprehension among foreign businesses regarding Article 23 and its potential consequences for their businesses. While city officials are confident in the law’s alignment with international norms, the vague language and broad definitions have left many questioning how it will be enforced and what implications it may have for their businesses.

By Sophia Gonzalez

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