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HONG KONG: National Security Law impact – breakdown by sector (1)

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The National Security Law (NSL) gives Hong Kong and mainland authorities a powerful new set of legal and enforcement tools, but it remains unclear how or whether these tools will be applied. Large-scale exodus of multinational business from Hong Kong is unlikely unless or until authorities demonstrate that risks from the NSL are more than just theoretical. More likely than exodus is a muddling-through in which business continues largely as normal, at-risk individuals and groups exit, and those who remain act more cautiously to avoid red lines. This series will analyze the impact of
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