Hong Kong: US issues warning on business risks

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US to issue warning over risks of doing business in Hong Kong after China imposed new national security law

Jeff Moon, a former assistant US trade representative who worked on Hong Kong policy during the Obama administration, told the BBC: "I think this is quite serious.He pointed out that hundreds of American companies have a presence in Hong Kong. According to the American Chamber of Commerce in the city, about 280 companies have regional headquarters there.

"We are here to support our members to navigate those challenges and risks while also capturing the opportunities of doing business in this region," it said. Mr Moon added that although Hong Kong is an incredibly valuable economic hub, the so-called "one country, two systems" principle which has come under pressure means its appeal to foreign firms will have changed.

"We urge the US side to stop interfering in the Hong Kong issue and China's internal affairs in any form," Chinese Foreign Ministry spokesman Zhao Lijian told a news conference on Friday., citing alleged abuses of the mostly Muslim Uyghur minority group and surveillance there.

 

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The original home of hsbc HSBC_UK, too late for me, they already messed up my life.

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