https://www.scmp.com/news/hong-kong/politics/article/3277693/us-warning-hong-kong-wont-hurt-city-firms-favour-profits-over-politics-observers
Updated advisory has warned of heightened risks for companies operating in Hong Kong, but limited impact expected on the ground.
A day earlier, the US state, treasury, commerce, agriculture and homeland security departments jointly updated the Hong Kong Business Advisory, warning the Safeguarding National Security Ordinance could pose “new and heightened risks” for companies and individuals operating in the city.
The legislation, which was required under Article 23 of the city’s Basic Law mini-constitution, took effect on March 23 and is the domestic counterpart of the national security law Beijing imposed in 2020.
Huh? Did the editors of the article accidentally delete a paragraph? What legislation?
Damn, I'm stupid. They are talking about about the "Safeguarding National Security Ordinance", which I thought was some organization. Turns out it is similar to the national security law against treason. I got confused by the article because it is simultaneously talking about Russia and the national security law, without even drawing a connection between them.