Majority of US firms in Hong Kong concerned about security law: Report

Some 65% were concerned about the "ambiguity in its scope and enforcement" and roughly 61% were concerned about the independence of Hong Kong's judicial system

A majority of U.S. companies in Hong Kong surveyed by the American Chamber of Commerce (Amcham) are concerned about the sweeping new national security law in the global financial hub, with a third looking to move assets or business longer-term.

The legislation, which punishes secession subversion, terrorism and collusion with foreign forces with up to life in prison, has further strained relations between the United States and China.

The Amcham survey, published on Monday and to which 183 or 15% of its members responded on July 6-9, showed 36.6% of respondents were "somewhat" concerned and 51% were "extremely concerned" about the legislation.

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