In recent years, the Hong Kong government has introduced a new security law known as Article 23. This has left many foreign businesses questioning how it will impact their operations in the region. 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 engaging in regular activities, there is still uncertainty among foreign businesses about its implementation and potential implications on their operations.
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, there is still uncertainty among foreign businesses about how Article 23 will be enforced and what consequences it may have for their businesses.
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. There is a high level of anticipation and apprehension among foreign businesses regarding Article 23 and its potential impact on their operations in Hong Kong. The vagueness of the language and broad definitions have left many questioning how it will be enforced and what consequences it may have for their businesses.