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On Tuesday, Beijing adopted a new national security law for Hong Kong. It comes in the wake of several years of continued social unrest beginning with the Umbrella Movement in 2014 and the anti-extradition movements in 2019.

The mass movements, while mostly peaceful, included violence and vandalism. They also severely impacted the business community, socio-economic stability and Hong Kong’s previously sterling reputation for a business climate that was second to none.

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