Hong Kong national security law

Jimmy Lai, the media mogul who owns the pro-democracy Apple Daily newspaper, warned investors not to buy his Next Digital Ltd. media empire’s stock because the company’s fundamentals don’t justify its recent rally.

Hong Kong media tycoon Jimmy Lai said he was arrested on “trumped up” charges, pushing back against landmark national security legislation that has raised questions about press freedoms and the future of the democracy movement.

China said it will sanction 11 Americans in retaliation for similar measures imposed by the US on Friday, but the list doesn’t include any members of the Trump administration.

The Hang Seng Index fell 0.6% on Monday to close at a six-week low. Top of investor concerns is deciphering the impact on the city’s listed firms from a host of measures taken in the Chinese and U.S. capitols.

Lam was sanctioned because she is “directly responsible for implementing Beijing’s policies of suppression of freedom and democratic processes,” the US Treasury Department said.

As China strengthens its hold on Hong Kong with a new security law, residents considering an escape are coming to grips with the sacrifices they’ll face.

Kelvin Lam, a former economist at HSBC Holdings Plc plans to run for a seat in Hong Kong’s legislature, vowing to stand up for the financial services sector against Chinese influence

Hong Kong, until recently an oasis of political stability in Asia, is now gripped with unprecedented regulatory and legal uncertainty that threatens its position as one of the world’s top financial hubs.

President Donald Trump ordered an end to Hong Kong’s special status with the US and signed legislation that would sanction Chinese officials responsible for cracking down on political dissent in the city.

If Hong Kong’s markets are any guide to its future as an international financial centre, then the city’s investors have little to worry about.