The American Chamber of Commerce said a majority of US companies in Hong Kong are concerned about the new national security law. 36.6% of the respondents surveyed were “somewhat concerned” and 51% were “extremely concerned” about the legislation. 65% said they’re concerned with the “ambiguity in its scope and enforcement” and roughly 61% were concerned Hong Kong’s judicial independence. 49% said the law would have a negative impact on their businesses and about half said they would personally consider leaving the city.
Separately, WSJ reported that the US President Donald Trump’s team would discuss the options on sanctioning China and Hong Kong again early this week. Sanctions and other measures could be announced. But at this point, the options seemed to be limited. Targeted sanctions against Chinese officials and trade measures against Hong Kong would likely have little impact. Yet, more drastic economic measures could hurt the interests of both Americans businesses and Hong Kong people.
