Why MNCs are wary about Hong Kong’s new security law – Times of India
The new national security law, known as Article 23, has been implemented in Hong Kong despite international criticism regarding its potential infringement upon civil liberties. Hong Kong’s Chief Executive, John Lee, views the law as fulfilling a constitutional obligation to create legislation mandated by the Basic Law. This law aims to address what authorities perceive as national security loopholes, particularly concerning violent protests for greater autonomy witnessed in 2019. Under this legislation, penalties for offenses such as sedition, espionage, and external interference have been significantly increased, with potential life imprisonment for some violations. Furthermore, expanded police powers allow for longer detention periods without charge and limitations on communication with legal counsel. Criticism from countries including the US, EU, Japan, and the UK highlights concerns about potential rights violations and damage to Hong Kong’s reputation as a financial hub. Despite international condemnation, Chinese authorities defend the law as necessary for restoring stability, with hundreds arrested under its provisions thus far.
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