National Security Law Seen Threatening Hong Kong’s Financial Role

HONG KONG - Implementation of last year’s highly contentious national security law could cost Hong Kong its international luster as a financial hub, experts have told VOA. 

More than 130 residents, activists, politicians, journalists and others have been arrested under the law despite the government’s initial promise the law would not affect ordinary citizens.  Discussions revolving around how it might affect the city’s valued financial sector have become more heated.     Hong Kong Monetary Authority chief executive Eddie Yu, whose agency’s responsibilities include maintaining Hong Kong’s status as an international financial center, sought to reaffirm the city’s financial stability in a February blog post, saying concerns are often “misinformation or disinformation,” reassuring investors that the level of capital flowing into the city has not been declining, and the number of asset managers is still growing.