Beijing’s new national security law for Hong Kong is more draconian than many businesses had feared, especially clauses that could be used to target foreign citizens, the handling of “state secrets” and data security, warned lawyers, academics and investors.
The ability under the law for security agencies to arrest foreign nationals, including businesspeople, and send them to the mainland for trial as well as other uncertainties could raise risk premiums in the city, they said.
But others argued the law could bring greater stability after a year of pro-democracy street protests in the Asian financial hub by reducing confrontations between police and demonstrators in Hong Kong.
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