Hong Kong markets process impact of new security law

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By Jonathan Breen
28 May 2020

Hong Kong’s capital markets were left roiling this week as investors tried to grasp the significance of a new national security law. Some fund managers are jumping on opportunities amid the ensuing confusion, but other market watchers see the city losing its financial edge. Jonathan Breen reports.

China’s highest legislative body, the National People’s Congress, voted in favour of a Hong Kong security law on Thursday afternoon, giving its standing committee the nod to begin drafting the legislation.

The law, which was proposed last Friday at the government’s annual “Two Sessions” meeting, caused instant uproar ...

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