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"The Unyielding Grip: How Hong Kong's Security Law Stifles U.S. Investmentsl"🤔
There's an issue with the Hong Kong National Security Law (NSL). Article 23 and the NSL introduced a new offense that targets people who work with "external forces" to influence or interfere with national and local authorities. This includes things like receiving money or instructions from foreign governments, political groups, or individuals. Because of this law, it's become very difficult for U.S. investors, including venture capitalists, angel investors, and seed investors, to put money into businesses in Hong Kong and China (Drones, Computers, etc). The biggest problem with the NSL is that it cannot be reversed, revised, or removed, which means these restrictions are permanent and can't be changed.
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