Fmr. U.S. Consul General to Hong Kong Kurt Tong on Anti-Sanctions Law

The video discusses the evolving business risks in Hong Kong, focusing on the impact of the anti-foreign sanctions law and the shift from political instability to Beijing's non-transparent policy decisions. It advises businesses to anticipate policy changes and maintain transparency and communication with authorities to navigate dual regulations from the US, China, and Hong Kong.

What does the anti-foreign sanctions law in Hong Kong primarily do?

• It introduces new risks for foreign businesses.

• It increases transparency in business operations.

• It codifies an existing risk of retaliation.

• It eliminates all risks for foreign businesses.

What is the main source of business risk in Hong Kong according to the transcript?

• Political instability in Hong Kong.

• Trade tensions between Hong Kong and the US.

• Non-transparent decision-making in Beijing.

• Economic downturn in China.

How should businesses prepare for potential regulatory changes from Beijing?

• By ignoring Beijing's policies.

• By anticipating new policies and adapting.

• By reducing transparency in operations.

• By relocating to another country.

What is a key strategy for businesses facing dual regulations from the US and China?

• Avoid communication with authorities.

• Increase transparency and maintain communication.

• Focus solely on US regulations.

• Disregard Chinese regulations.

Why is it challenging for the Hong Kong government to provide clarity on regulatory changes?

• They focus only on local regulations.

• They are not always informed about Beijing's direction.

• They lack communication with foreign businesses.

• They have complete control over Beijing's policies.