{"id":129577,"date":"2024-09-07T08:49:03","date_gmt":"2024-09-07T08:49:03","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/09\/07\/us-warns-of-growing-risks-of-business-in-hong-kong-times-of-india\/"},"modified":"2024-09-07T08:49:04","modified_gmt":"2024-09-07T08:49:04","slug":"us-warns-of-growing-risks-of-business-in-hong-kong-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/09\/07\/us-warns-of-growing-risks-of-business-in-hong-kong-times-of-india\/","title":{"rendered":"US warns of growing risks of business in Hong Kong &#8211; Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"720\" src=\"https:\/\/i3.wp.com\/static.toiimg.com\/photo\/msid-113142412,imgsize-932577.cms?resize=1280,720&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"US warns of growing risks of business in Hong Kong &#8211; Times of India\" title=\"US warns of growing risks of business in Hong Kong &#8211; Times of India\" \/><\/div>\n<div>WASHINGTON: The United States on Friday warned businesses of growing risks operating in <!-- -->Hong Kong<!-- -->, saying that routine activities could run afoul of the financial hub&#8217;s new <!-- -->national security regulations<!-- -->.<br \/>China had agreed to a &#8220;<!-- -->One Country, Two Systems<!-- -->&#8221; approach for Hong Kong before the territory was handed over from Britain in 1997.<br \/>But <!-- -->Beijing<!-- --> has clamped down since mass protests in 2019, with Hong Kong&#8217;s opposition-free legislature in March passing an ordinance that carries life imprisonment for crimes including treason and insurrection.<br \/>Updating a business advisory first issued in 2021, the <!-- -->State Department<!-- --> and other US agencies warned of &#8220;new and heightened risks&#8221; for firms operating in Hong Kong.<br \/>&#8220;The vaguely defined nature of the law and previous government statements and actions raise questions about risks associated with routine activities,&#8221; it said of the new Article 23 law.<br \/>Such routine activities could include research on government policies and maintaining connections with local officials, journalists and non-governmental organizations, it said.<br \/>The advisory also said differences were narrowing between Hong Kong and the mainland People&#8217;s Republic of China.<br \/>&#8220;Under similar laws to those recently enacted in Hong Kong, PRC authorities in mainland China appear to have broad discretion to deem a wide range of documents, data, statistics or materials to be state secrets and to detain and prosecute foreign nationals for alleged espionage,&#8221; it said.<br \/>More than 300 people have been arrested under an initial 2020 security law. According to the State Department, they include one US citizen.<br \/>The United States has repeatedly warned that Beijing-led security regulations are putting at risk the openness that allowed Hong Kong to flourish as a trading hub.<br \/>Hong Kong leader John Lee has defended the new ordinance as a move to prevent violence following the mass demonstrations of 2019.<\/div>\n<p><script>\nvar _mfq = window._mfq || [];\n_mfq.push([\"setVariable\", \"toi_titan\", window.location.href]);\n!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        };\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/connect.facebook.net\/en_US\/fbevents.js', n, t, s);\n      fbq('init', '593671331875494');\n      fbq('track', 'PageView');\n    };\n    function loadGtagEvents(isGoogleCampaignActive) {\n      if (!isGoogleCampaignActive) {\n        return;\n      }\n      var id = document.getElementById('toi-plus-google-campaign');\n      if (id) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        t.id = 'toi-plus-google-campaign';\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/www.googletagmanager.com\/gtag\/js?id=AW-877820074', n, t, s);\n    };\n    function loadSurvicateJs(allowedSurvicateSections = []){\n      const section =  window.location.pathname.split('\/')[1]\n      const isHomePageAllowed = window.location.pathname === '\/' && allowedSurvicateSections.includes('homepage')\n      if(allowedSurvicateSections.includes(section) || isHomePageAllowed){\n        (function(w) {\n         function setAttributes() {\n                    var prime_user_status = window.isPrime ? 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