More than half the U.S. firms in Hong Kong are 'very concerned' about the new security law, survey shows

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More than half the U.S. firms in Hong Kong are 'very concerned' about the new security law, survey shows
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The American Chamber of Commerce in Hong Kong surveyed 180 members on how China's proposed national security law has affected their view of the city.

Out of the 180 U.S. companies that responded to the survey by AmCham, 53.5% were "very concerned" while 30.0% were "moderately concerned" about the new national security legislation.

Among the concerns cited by respondents include threats to Hong Kong's overall business environment, as well as the proposed legislation's potential implications on freedom of speech and other "basic civil liberties." Around 60% of U.S. firms thought the law would harm their business operations, but 70.6% said their companies don't have plans to move capital, assets or business operations out of Hong Kong.More than 80% of the U.S. companiesChina's plan to impose a new national security law in the cityOut of the 180 AmCham members that responded to the survey earlier this week, 53.5% were "very concerned," while 30.0% were "moderately concerned" about the security legislation.

Respondents cited concerns such as threats to Hong Kong's overall business environment, as well as the legislation's potential impact on freedom of speech and other "basic civil liberties."

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