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Hong Kong minister shrugs off risk of US penalties for security law

Commerce Secretary Edward Yau vows city will remain 'freest' market

HONG KONG -- A possible U.S. move to scrap preferential trade treatment would not damage Hong Kong's status as an international financial center, the city's commerce minister told the Nikkei Asian Review in an exclusive interview on Monday.

"One thing I can assure the international community is that Hong Kong [will] remain the same place where we uphold rule of law, freedom, and remain the most competitive and the freest [market]," said Edward Yau, the secretary for commerce and economic development, amid a raging controversy over national security legislation proposed by Beijing.

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