Hong Kong Raps U.S. Climate Investment Report

Hong Kong’s government has accused Washington of issuing “biased assertions” and “false accusations” in its latest investment climate report, which criticized the city’s national security laws, Sebastian Tong reported for Bloomberg News.

The report warned that the national security law’s “extremely broad and vague definitions” of espionage, state secrets, and external interference could impair routine business activities. (Photo: Wpcpey CC-BY 3.0 Wikimedia Commons)

The U.S. State Department report argued that uncertainty in Hong Kong’s investment climate has increased since last year’s implementation of its new national security ordinance, which it said was rushed.

The report warned that the law’s “extremely broad and vague definitions” of espionage, state secrets, and external interference — as well as potential extraterritorial application — could impair routine business activities.

In response, a Hong Kong government spokesman said the legislation has made the city “a more attractive and secure destination for international capital and investment.”