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White House to Warn U.S. Companies About Hong Kong Risks

  • National security law said the focus of advisory to businesses
  • U.S.-China ties strained over trade, human rights issues
Bloomberg business news
WATCH: Wendy Cutler, vice president at the Asia Society Policy Institute, discusses the U.S. issuing an advisory warning American companies of the increasing risks of operating in Hong Kong. (Source: Bloomberg)
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The U.S. will warn American companies this week of the increasing risks of operating in Hong Kong, three people familiar with the matter said, as Washington seeks to ramp up pressure over Beijing’s crackdown on the financial center.

Those risks include the Chinese government’s ability to gain access to data that foreign companies store in Hong Kong, two of the people confirmed. The warning, first reported by the Financial Times, will come in the form of a business advisory, the people said.