Hong Kong’s Status as Global Financial Hub Under Threat as National Security Laws Drive Away Investors
HONG KONG (AP) — Hong Kong, once regarded as the darling of global capital, is facing a crisis of confidence as it loses its status as a financial hub. The recent implementation of tough security laws has only heightened concerns about the city’s future. While authorities claim that these laws will protect Hong Kong and ensure stability, critics worry that they will stifle dissent and lead to closed-door trials and severe punishments. The timing of these laws couldn’t be worse for Hong Kong, as Beijing’s strong control and escalating tensions with the United States have … Read more