Hong Kong

Most U.S. Firms in Hong Kong Say China’s Security Law Will Hurt Business

That’s the headline on my newest story, out Wednesday. It begins:

The vast majority of U.S. firms in Hong Kong are worried about China’s new national-security laws for the city, according to a new survey that highlights rising concerns among executives in the global financial hub.

Some 53% of American Chamber of Commerce in Hong Kong members said they were “very concerned” about the new laws, while 30% said they were “moderately concerned,” the survey found. Some 60% of members said they expected the law to harm their business operations in the city.

After China last week approved a plan to implement new national-security laws in the city, President Trump said the U.S. would no longer treat Hong Kong as a separate entity from China and would roll back policy exemptions for it.

“Hong Kong has been hit by a double whammy in the past week,” Tara Joseph, the chamber’s president, said Wednesday in a statement accompanying the survey results. “Not surprisingly, these are emotive issues.”

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