Advertisement

Hong Kong's business hub status imperiled by security law

A man walks on a bridge which is covered by fence to protect from protesters in Hong Kong,...
A man walks on a bridge which is covered by fence to protect from protesters in Hong Kong, Thursday, May 28, 2020. China’s ceremonial legislature overwhelmingly endorsed a national security law for Hong Kong on Thursday that has strained relations with the United States and Britain and triggered protests in the semi-autonomous territory. (AP Photo/Kin Cheung)(KCRG)
Published: May. 28, 2020 at 5:11 AM CDT
Email This Link
Share on Pinterest
Share on LinkedIn

A security law proposed by China could imperil Hong Kong’s status as one of the world’s best places to do business.

The law, approved Thursday in Beijing, led Secretary of State Mike Pompeo to say Washington will no longer treat Hong Kong as autonomous from Beijing.

The Chinese government has not given details of its proposed law, which is aimed at suppressing secessionist and subversive activity in the former British colony.

Businesses and experts say the uncertainty over Hong Kong's future may lead companies to shift operations elsewhere, while attracting and retaining talent in the city will be a challenge.