Officials fail to quell Hong Kong financiers' security law worries

Bankers and fund managers are changing how they trade and communicate

20200722 Hong Kong Business district

Dismissing worries, senior Hong Kong leaders say the operations of "law-abiding financial institutions and market practitioners" should not be affected by the new national security law.  © AFP/Jiji

NARAYANAN SOMASUNDARAM, Nikkei Asian Review chief banking and financial correspondent

HONG KONG -- Financial professionals in Hong Kong are on edge about the city's new national security law despite attempts by top government officials to play down the risk they could potentially face criminal charges under the legislation's broad provisions.

Financial Secretary Paul Chan and Securities and Futures Commission Chief Executive Ashley Alder each issued statements to the financial community over the weekend to address concerns institutions had raised with them about inadvertently violating the national security law, or NSL, in the course of their operations.

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