Hong Kong's pro-Beijing politicians sought to allay worries about the impact of China's proposed national security legislation on the Asian financial hub's business environment, saying it would boost investor sentiment.
HONG KONG - Hong Kong’s pro-Beijing politicians sought to allay worries about the impact of China’s proposed national security legislation on the Asian financial hub’s business environment, saying it would boost investor sentiment.
U.S. government officials have said the legislation would end the Chinese-ruled city’s autonomy and would be bad for both its and China’s economies. They said it could jeopardise the territory’s special status in U.S. law, which has helped it maintain its position as a global financial centre. “Especially having gone through almost one year of disruptions, violence and uncertainties, anything particularly in safeguarding national security that will help stabilise the environment is indeed very good for local investment sentiment,” she said.
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