HONG KONG - A majority of US companies in Hong Kong surveyed by the American Chamber of Commerce are concerned about the sweeping new national security law in the global financial hub, with a third looking to move assets or business longer-term.
The Amcham survey, published on Monday and to which 183 or 15 per cent of its members responded on July 6-9, showed 36.6 per cent of respondents were"somewhat" concerned and 51 per cent were"extremely concerned" about the legislation. The legislation, which sees a Chinese intelligence agency openly operating in the city for the first time and gives police and mainland agents broad powers beyond the scrutiny of courts, raises a broad spectrum of worries for US companies.
About half were concerned about the city's status as a global finance centre and the erosion of the high degree of autonomy it was promised 23 years ago.
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