Joe Biden to warn US companies about Hong Kong risks, says report

A new law that allows Beijing to retaliate against anyone complying with anti-China sanctions is also among the US concerns: media report

The US will warn American companies this week of the increasing risks of operating in Hong Kong, the Financial Times reported, as Washington seeks to ramp up pressure over Beijing’s crackdown on the financial center.

 

The risks include the Chinese government’s ability to gain access to data that foreign companies store in Hong Kong, the FT said Tuesday, citing three people familiar with the matter it didn’t identify.

A new law that allows Beijing to retaliate against anyone complying with anti-China sanctions is also among the US concerns, the newspaper said. The decision was driven in part by the view that companies weren’t taking the issue seriously enough, the FT said.