China Vows More Support for Hong Kong as It Touts New Security Law

China’s top official overseeing Hong Kong promised new policies to help the city’s economy — without giving details — a month after the passage of a new Beijing-backed security law that’s raised concern about its future as a financial hub.

Xia Baolong — head of Beijing’s Hong Kong and Macau affairs office — dismissed concerns that the measure known as Article 23 will have a chilling effect on business. “In my eyes Hong Kong is still a place to make money,” he said Monday in a video address to the city’s second annual conference on national security. “There will be more policies supporting and favoring Hong Kong to come,” he said. “Hong Kong will be brilliant tomorrow.”