<\/div>\n

HK hits back at US ‘unfounded’ national security law claims<\/h1>\n
\n
The US has been critical of the law which, it deemed, had undermined Hong Kong\u2019s autonomy.<\/em><\/strong><\/p>\n
The Hong Kong government hit the US anew over its \u201cunfounded\u201d claims against the National Security Law (NSL).<\/p>\n
Financial Secretary Paul Chan condemned the US claims\u00a0made in the 2021 Investment Climate Statement, that the law undermines Hong Kong\u2019s autonomy.<\/p>\n
\u201cWe strongly object and condemn the US Administration’s repeated attempts to smear the NSL and grossly interfere in Hong Kong’s affairs. We take great exception to the malicious comments relating to the NSL in the Statements,\u201d Chan said.<\/p>\n
\u201cThe Statements, on one hand, attempted to slander the NSL, but on the other hand mentioned that Hong Kong remains a popular destination for US investment and trade, possesses world-class institutions and regulatory systems, and provides competitive financial, trading, and professional services,\u201d he added, noting the US\u2019 statement is \u201cself-contradictory, illogical\u201d, and \u201cself-defeating.<\/p>\n
The US statement also noted that the NSL led to a heightened uncertainty for foreign and local firms based in Hong Kong.<\/p>\n
Earlier, the Biden administration had issued an advisory that the national security policy undermines the legal and regulatory environment in Hong Kong.<\/p>\n
Hong Kong had opposed the advisory, adding that the statement will only put US businesses in the city at a disadvantage.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
HK hits back at US ‘unfounded’ national security law claims The US has been critical of the law which, it deemed, had undermined Hong Kong\u2019s autonomy. The Hong Kong government hit the US anew over its \u201cunfounded\u201d claims against the National Security Law (NSL). Financial…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[555],"tags":[560,558],"class_list":["post-801","post","type-post","status-publish","format-standard","hentry","category-hong-kong","tag-hong-kong-lenders","tag-hong-kongnews"],"yoast_head":"\nHK hits back at US 'unfounded' national security law claims - Grand City Investment Ltd<\/title>\n<meta name=\"description\" content=\"The Hong Kong government hit the US anew over its \u201cunfounded\u201d claims against the National Security Law (NSL).\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/grandcityinvestment.com\/hk-hits-back-at-us-unfounded-national-security-law-claims\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HK hits back at US 'unfounded' national security law claims - 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