US warns of growing risks of business in Hong Kong
The United States on Friday warned of growing risks for businesses operating in Hong Kong, saying that routine activities could run afoul of the financial hub's new national security regulations.
China had agreed to a "One Country, Two Systems"
But Beijing has clamped down since mass protests in 2019, with Hong Kong's opposition-free legislature in March passing an ordinance that carries life imprisonment for crimes including treason and insurrection.
Updating a business advisory first issued in 2021, the State Department and other US agencies warned of "new and heightened risks" for firms operating in Hong Kong.
"The vaguely defined nature of the law and previous government statements and actions raise questions about risks associated with routine activities," it said of the new Article 23 law.
The advisory also said differences were narrowing between Hong Kong and mainland China.
The United States on Friday warned of growing risks for businesses operating in Hong Kong, saying that routine activities could run afoul of the financial hub's new national security regulations.
China had agreed to a "One Country, Two Systems"
But Beijing has clamped down since mass protests in 2019, with Hong Kong's opposition-free legislature in March passing an ordinance that carries life imprisonment for crimes including treason and insurrection.
Updating a business advisory first issued in 2021, the State Department and other US agencies warned of "new and heightened risks" for firms operating in Hong Kong.
"The vaguely defined nature of the law and previous government statements and actions raise questions about risks associated with routine activities," it said of the new Article 23 law.
The advisory also said differences were narrowing between Hong Kong and mainland China.
12 months ago
