HONG KONG (Financial Times) -- Hong Kong-based hedge funds are considering uprooting their operations as China prepares to impose sweeping national security legislation on the Asian financial hub.
Fund managers and traders in the former British colony are expressing concerns that the industry could find itself in Beijing's crosshairs, after the Chinese Communist party approved a plan to impose national security laws targeted at what it called "subversion of state power" or "interference" from foreign countries.
