Foreign companies in Hong Kong warn on free speech crackdown

Business leaders fear damage to city's competitiveness

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Hong Kong authorities have denied a visa extension to a longtime journalist at the Financial Times, raising concerns over press freedom in the territory. (Photo by Ken Kobayashi)

DEAN NAPOLITANO, Nikkei Asian Review deputy editor, and NIKKI SUN, Nikkei staff writer

HONG KONG -- Hong Kong's international business community is warning that authorities' recent moves to crack down on free speech could hamper the city's competitiveness. But many executives acknowledge they will not decamp while Hong Kong remains Asia's most important financial hub.

The Hong Kong government's recent decisions to reject the visa renewal of a foreign journalist and to ban a pro-independence party "raises real concerns for the international business community as to whether this will become the thin end of the wedge," said George Cautherley, managing director of health care products company, HCD Holdings.

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