Corporate lawyers and consultants have revealed that foreign corporations operating in Hong Kong have been revisiting their strategies since the previous year in anticipation of the recently passed domestic national security law.
Despite assurances from the city and central authorities that the legislation, dictated by Article 23 of the Basic Law, would neither disrupt operations nor negatively impact the city’s business climate, some companies remain wary of inadvertent law breaches.
Several firms had already initiated additional internal audits before the public consultation period that began at the end of January, according to insiders familiar with foreign business operations in Hong Kong. James Ellender, Futurum Asia’s managing director for Asia-Pacific, stated that some of the firm’s largest clients had requested employee…
