There is 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.
While city officials maintain 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 is still uncertainty among foreign businesses about how Article 23 will be implemented and what implications it may have on their operations in Hong Kong. The broad scope of the law has raised concerns about potential restrictions on freedom of speech and other civil liberties, which could impact the business environment in the region.
Despite reassurances from Chief Executive John Lee that Article 23 is a testament to patriotism and will not hinder normal business operations, there are still concerns among foreign businesses about its implementation and potential consequences on their operations in Hong Kong. While city officials are confident in the law’s alignment with international norms, many businesses are questioning how it will be enforced and what consequences it may have for their companies.
