Chinese National Security Laws'll Affect Hong Kong’s Status
When China announced that it will enact new security laws to rein in dissidents in Hong Kong, this sent shockwaves across Asia’s equity markets with the Hang Seng Index selling off over a couple of trading sessions. Fate has not been kind to the people of Hong Kong. Since 2019, protesters have come out to voice their dissatisfaction over personal freedoms and universal suffrage. And businesses have suffered. These events have tipped the country into a recession.