In recent weeks, foreign businesses operating in Hong Kong have expressed concerns about the impact of the city’s new security law, known as Article 23. Specifically, they are worried about the potential implications for executives and finance professionals who may be charged with espionage for simply carrying out their duties due to vague language regarding the definition of “state secrets.”
However, 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 if they are engaging in regular activities. Chief Executive John Lee has praised the law as a testament to patriotism and insists that it will not hinder normal business operations.
Despite these reassurances, there is still uncertainty among foreign businesses about how Article 23 will be implemented and what implications it may have on their operations in Hong Kong. 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.
Overall, 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. While city officials are confident in the law’s alignment with international norms, the vague language and broad definitions have left many questioning how it will be enforced and what consequences it may have for their businesses.