"We expect companies to support improvements in protections for citizens and not back their removal," said Roland Bosch, Federated Hermes' sector lead for financial services. Bosch is responsible for corporate engagements in Europe and the U.S.This could just be the tip of the iceberg, said Collier. He suggested other funds may be pushed by labor unions.
Large funds may start to readjust investment protocols and operations in Hong Kong, affecting the city's position as a international financial center, said Collier.similar concerns about both HSBC and Standard CharteredThe firm, a top shareholder of both banks, said it was "uneasy" with the public support for the law. It said it expects "both companies to confirm that they will also speak out publicly if there are any future abuses of democratic freedoms connected to this law.
huileng_tan 'may' really ? think about it. Next step confiscation by the CCP.
HongKong is totally off. The CCP destroyed the SINO-BRITISH JOINT DECLARATION already. OneCountryTwoSystemIsDead. HongKongers will be no more freedom and democracy and HongKong must become the NewWestBerlin after the NationalSecurityLaw. StandWithHongKong HKPoliceState
HK is dying
CantWaitForDawn I may say China did a very good demonstration to the world that how Communism make a wealthy city into a poor ones ! It shows the China system is faulty
Foreign investors in HK must be careful as the national security law gives power the HK government to freeze all properties and money without any reasonable grounds.
In a city lacking human rights, freedom and the rule of law, can investors have confidence in investing?🤷
HongKong is no longer a safe place.
And it could forfeit assets, whoever you are, So I guess this would flee the investors from investing....
China is no longer a trustworthy partner to build a reliable, safe, civilized & peaceful world. CCP break promise, use lies, censorship, torture & virus to spoil the world. All countries should find a new partner now. World is much better w/o CCP.
Freedom or Tyranny?! NationalSecueityLaw of CCP not only killing HK. CCP insults the whole world w/ its arrogance by putting everyone in everywhere in guilty by only judging them. It declares war to the world. Global sanction to them must act now!
free market ruined by One country One System BoycottChina
ccp has made her bed, now lie in it.
After the NSL it's 3 days green in a row and up almost 1000 pts today.
LOL, don't ever take financial advice from this outfit.
This law surpasses Hong Kong’s legislature and it’s basically “I put everyone I hate behind bars” say goodbye to freedom Hong Kong
the national security law and a series of actions showed that totalitarian CCP regime unwillingness to take political reform, the political reform from totalitarian to democracy is systematic safeguard to sustainable prosper
CCP is turning 🇭🇰 from white glove to evil claw. The law extends arm to the world. CCP is a gangster corrupting the world's civilization and human rights. We miss the chance to save Uyghur, we should not let 🇭🇰 be the next victim, 🌍 will suffer the same. StandWithHongKong
sam99061414 NationalSecurityLaw is the threat of freedom fighter and foreigners. The world should unite together against CCP totalitarian regime instead of appeasing it for RMB. StandWithHongKong AntiCCP
Please think twice before visiting Hong Kong. HK is no longer free. The NationalSecurityLaw applies to people who breach this law outside of Hong Kong territory. Oppositing HK Gov or CCP are also considered as 'breach the law'.
HUGO00426554 political risk should never be underestimated HongKong
Foreign institutional investors please divest from Hong Kong silently, or otherwise ccpchina may impose some “national security” restrictions on your withdrawals🤫 Hong Kong stock market is injected heavily with china funds, kinda window-dressing at the moment! Be safe anyway!
Do u think those commies are truly adhering to communism or XiJingping? No, they just concern about their profit as pretending to be patriotic is the first requirement of making money in China. Here’s no law, all are quid pro quo bc u gotta hv connection w/ the authorities.
Yes. It will let the investors think Hongkong will become same as China, which is become horrible, so it makes sparking outflows.
It is just a start for investors to flee
Those Chinese investors would be the ones most scared to see Hong Kong turns into another Chinese city, they transfer their corrupted money to the free market, and now have to flee again
sword_cloud Be sure about that!
Does amy body bere understand what Is Communism. Well, that means that if you are pretty rich , than your money is no more your own's money. At least your dad Is a CCPChina powerful man. Just look what Is happened to Jack MA (ALibaba) or Liu Qiangdong di JD online market.
Let's be honest, money doesn't care about 'social consciousness' it cares about return on investment for risk taken. When an entire system is built entirely on fraud, risk-premia need to rise. Stop with the Social Justice worldview, it's the wrong damn lense.
🤣
Lol... more like they r scared that their money is in reach of Chinese government now... let’s not deceive ourself on thinking that big money is really socially concious... evidence is in the history
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