Hong Kong security law-international companies see their future in the security law

Hong Kong security law, which appeared recently

According to the main businessmen of the region, international companionship is artificial to think about their future in Hong Kong, as the suppression of civil liberties and freedom of media and technology companionship in China continues to gain popularity. Due to the fact that businesses are already facing restrictions due to the pandemic, the introduction of the national security Law and the closure of the newspaper by the administration last year.

Who is leaving the Hong Kong market because of the new security law in China?

Some companies have already announced their departure, for example, the Initium publication, which is moving to Singapore. In an open letter, executive editor Suzy Wu said that he will continue to work online on a decentralized basis, “as the path to freedom becomes more and more treacherous.”

What do other companies think about the security law in Gancong?

Other companies may not be moving from place to place, but they are starting to build their offices in Singapore. It is the main competitor of Gancong City. Gollob believes that this year the number of people leaving will be even greater, he is sure that this is a formidable problem of events for Hong Kong and his new security law.

What happened after the introduction of the security law in China?

According to authenticated data, the largest number of people left Hong Kong forevermore last year since registration began. According to the city’s Census and Statistics department, the hegira of nearly 90,000 people reduced Hong Kong’s population by 1. 2% to 7. 39 million, compared to the steady inhabitants growth over the previous decade.

How did it all start?

Gollob says that many prosperous people anticipated the crackdown to come. But were caught off guard when the jurisdiction used the democratic opposition in Hong Kong that broke out in 2019 to push through a national safe keeping law and arrest lashings of activists, very likely for sedition.

What can this be related to?

Lesperance said the company’s resettlement requests have accrued with the advancement of the extradition bill in 2019. Then they two-fold again with opposition and rose again after assaults on tech billionaires such as Jack Ma on the mainland and media mogul and Apple Daily owner Jimmy Lai in Hong Kong. More and more prosperous people dilated their break out plans to incorporate space such as taxation, habitation and family law.

Did the situation in 1997 somehow affect the emergence of a new security law in Hong Kong?

This more subtle point of view is shared by many representatives of the employment community, who always anticipated that China would assert its power in Hong Kong, but conceivably not as speedily as in the last 18 months. A senior pecuniary manufacturing executive said Hong Kong had faced many empirical challenges over the years, such as the 1997 handover and the SARS outbreak, but had well-educated well to proportion and reinvent itself.