Hong Kong’s new national security law, which was recently approved by the legislature, has caused concerns among global businesses in the financial hub. The law includes vague provisions related to state secrets and connections to foreign entities, prompting some corporations to update contingency plans and seek legal advice to mitigate political risks. Many companies are now treating Hong Kong similarly to mainland China in terms of data security, restricting information flow to teams in the region. Executives, who preferred to remain anonymous, expressed a lack of trust in the Hong Kong government, which they believe is influenced by China. The law, effective from March 23, imposes harsher penalties for crimes such as sedition and external interference.