Uncertain Waters: The New Security Law’s Effect on Foreign Businesses in Hong Kong

The new security law, Article 23, has raised concerns for foreign companies operating in Hong Kong. Its vague wording has led to fears that it could potentially lead to charges of espionage for executives and finance professionals involved in everyday business activities. Despite these concerns, city officials maintain that the law aligns with international norms and should not impact media outlets, the financial sector or non-government organizations as long as they are carrying out normal activities. However, the implications of Article 23 on foreign businesses in Hong Kong remain uncertain. It is essential for companies operating in the region to closely monitor developments related to the law and ensure compliance with any new regulations that may arise. Staying informed and taking necessary precautions is crucial in these uncertain times.