Hong Kong businesses back new security law despite fears

– both with a major presence in Hong Kong and on the mainland – joined other firms in publicly backing the law last month.

"By and large, the mindset of business people is always to try and carry on as if nothing has changed, and try and avoid the political risks," said Ben Bland, a political analyst at the Lowy Institute, an Australian think tank.Jes Staley, the chief executive officer of Barclays, told Bloomberg News it was a"very difficult political situation.

It created a firewall between the city and China's opaque legal system – and also helped Hong Kong act as a gateway to the mainland for foreign firms.said it was"gravely concerned." "In the long run, the law will most likely embolden Beijing and local allies to put greater political pressure on companies and their employees to closely adhere to...Beijing's agenda," William Nee of Amnesty International told Bloomberg.

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