US Warns Companies About ‘New and Heightened Risks’ of Doing Business in Hong Kong

American investors, researchers, and journalists could be targeted for their regular operations under the city’s new national security ordinance Article 23.

People walk past a National Security banner at a train station on National Security Education Day in Hong Kong on April 15, 2023. Peter Parks/AFP via Getty Images

The United States has warned American businesses, academic institutions, and media about “new and heightened risks” in Hong Kong, saying they could be targeted for their regular operations in the Asian financial hub.

The updated Hong Kong Business Advisory, issued jointly by the State, Agriculture, Commerce, Homeland Security, and Treasury departments on Sept. 6, highlights the risks stemming from a newly passed national security ordinance, commonly referred to as Article 23, which is a provision of Hong Kong’s Basic Law.