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Politics

New Hong Kong regulations threaten to stifle financial hub

Potential restrictions on travel and reduced corporate disclosure spark concern

Hong Kong has served as an international financial and business hub, largely thanks to its laissez-faire economic policies.   © Reuters

HONG KONG -- From limiting public access to corporate information to a potential travel ban, new rules and proposals by the Hong Kong government have raised concerns over the city's future as a free and open economic hub.

The Hong Kong government last month announced plans to allow companies to limit information available to the public on the city's companies registry. The registry currently includes data like the addresses and ID numbers of corporate executives.

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