US warns businesses with operations in Hong Kong
Biden administrationon Friday warned businesses with operations in Hong Kong of regulatory risksdue to China’s attempt at restricting freedom in Hong Kong
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Published - Jul 16, 2021, 11:39 PM ET
Last Updated - Feb 09, 2024, 02:09 PM EST
By Shubhangi Mathur, 6:04 PM ET
Biden administrationon Friday warned businesses with operations in Hong Kong of regulatory risksdue to China’s attempt at restricting freedom in Hong Kong.
The HongKong Business Advisory which is jointly published by the departments ofState, Treasury, Commerce and Homeland Security has warned that US firms arefacing risks due to China’s national security law in Hong Kong.
“Beijing has chipped away at HongKong’s reputation of accountable, transparent governanceand respect for individual freedoms, and has brokenits promise to leave Hong Kong’s high degree of autonomy unchangedfor 50 years,” Secretary of State Antony Blinken wrote in a statement, reportedCNBC.
