The Chinese Communist Party (CCP) has warned Australia about helping Hong Kong citizens escape the new repressive national security laws imposed on the territory on July 1.
“We do find these events very concerning, and we have been very clear about our statements to that in concert with many other nations,” said Morrison.
“We’re just working carefully through scenarios, in terms of what could occur, what we may need to respond to and they include scenarios around whether or not there may be individuals who need safe haven or circumstances, where they might seek to move their base or the locality,” said Birmingham.
Under the new changes, the UK will grant residency rights to BN(o) holders and create a path to full British citizenship.
The Risks of Doing Business in Hong Kong Cause Concern
Senator Birmingham asserted that there is a growing concern over the safety of Hong Kong because it is an essential centre of investment and a “commercial hub that has been so important to our region for so long.”Pesek explained that many companies now fear how “the spectre of the Chinese Communist Party” could remake both the Hong Kong judiciary and the banking system.
Utilising the example of Cathay Pacific, Pesek revealed that during the 2019 protests in Hong Kong “Beijing strong-armed companies like Cathay Pacific to punish employees supporting Hong Kong’s pro-democracy movement and ousted Cathay’s chairman and CEO.”
Furthermore, the new foreign collusion law frightens many as it does not specify where the boundaries lie for overseas businesses.
“Might a Goldman Sachs report out of Hong Kong questioning China’s gross domestic product data put its business charter at risk?” wrote Pesek.
He notes could companies like Muddy Waters Research sustain their office in Hong Kong when part of their work is to put a spotlight on alleged fraud from mainland Chinese businesses.