In the wake of the new security law, Article 23, businesses operating in Hong Kong are keeping a close eye on its implementation. The broad definition of state secrets in the law has raised concerns among foreign companies, with fears that it could potentially lead to charges of espionage for executives and finance professionals involved in everyday business activities.
Despite these fears, 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, there is still uncertainty regarding the implications of Article 23 on foreign businesses in Hong Kong.
It is therefore crucial for companies operating in the region to closely monitor developments related to the law and ensure compliance with any new regulations that may arise. The importance of staying informed and taking necessary precautions cannot be overstated in these uncertain times.
