Foreign Businesses’ Concerns About Hong Kong’s Article 23: A Reality Check

Foreign businesses are expressing concerns about how Hong Kong’s new security law, Article 23, will affect their operations in the region. The United States has raised issues with the vague language used in the law, particularly regarding the definition of “state secrets,” which could potentially expose executives and finance professionals to espionage charges for merely performing 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. While city officials maintain that the law will not hinder normal business operations, many foreign businesses are questioning how it will be enforced and what consequences it may have for their businesses.

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. Despite reassurances from city officials that the law aligns with international norms, concerns about vague language and broad definitions have left many questioning how it will be enforced and what consequences it may have for their businesses.