The new security law in Hong Kong, known as Article 23, has left many foreign businesses questioning how it will impact their operations in the region. The United States has raised concerns 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 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, 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.
The vagueness of the language and broad definitions have left many questioning how Article 23 will be enforced and what consequences it may have for their businesses. While Chief Executive John Lee has praised the law as a testament to patriotism and insists that it will not hinder normal business operations, there is a high level of anticipation and apprehension among foreign businesses regarding its potential impact on their operations in Hong Kong.