• More than half the U.S. firms in Hong Kong are ‘very concerned’ about the new security law, survey shows

Market news

3 June 2020

More than half the U.S. firms in Hong Kong are ‘very concerned’ about the new security law, survey shows

CNBC reports that more than 80% of the U.S. companies in Hong Kong surveyed by the American Chamber of Commerce said they’re concerned about China’s plan to impose a new national security law in the city.

Out of the 180 AmCham members that responded to the survey earlier this week, 53.5% were “very concerned,” while 30.0% were “moderately concerned” about the security legislation. The survey results were published on Wednesday and are not intended to be scientific, said the chamber.

Respondents cited concerns such as threats to Hong Kong’s overall business environment, as well as the legislation’s potential impact on freedom of speech and other “basic civil liberties.”

The survey — which the chamber called “a temperature test of members’ sentiment” — came after China’s top legislative body last week approved the proposal to impose a national security law in Hong Kong.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.