29 min

Special Roundtable on Hong Kong's National Security Law and the US Response China Law Podcast

    • Business

A strict new national security law has arrived in Hong Kong, marking the most significant shakeup to the city’s relationship with the mainland since the handover more than two decades ago. In this episode, three lawyers analyze the implications for businesses of the new law as well as the U.S. response in the form of sanctions and greater export control restrictions.

Thomas So is a Hong Kong-based partner at Mayer Brown and a member of the National Committee of the Chinese People’s Political Consultative Conference. Wendy Wysong is Hong Kong managing partner at global law firm Steptoe & Johnson. She is a former Deputy Assistant Secretary for Export Enforcement in the Department of Commerce. Nick Turner is Hong Kong-based of counsel at Steptoe & Johnson. He was previously regional sanctions officer, senior vice president at Citibank in Hong Kong.

The China Law Podcast is a weekly podcast exploring China’s business and financial sectors from a legal perspective, hosted by Vincent Chow. Get in touch at vchow@alm.com with any feedback and ideas for future episodes.

Episode outline


01:31 How companies are expected to comply with the new law
04:12 Companies' internal policies for staff behavior
06:09 Concerns about extraterritorial nature of the law and potential impact on business
11:08 What the Hong Kong Autonomy Act threatens to do
14:32 Scope of the sanctions bill and which financial institutions could be targeted
18:16 Why a new sanctions law is necessary for the U.S. response
20:17 New U.S. export control restrictions on Hong Kong
24:38 Revoking of Hong Kong's special export control privileges



Related links

Why the US Wants to Strip Hong Kong of its Special Trade Privileges

Podcast #9: What Does Hong Kong's Special Trade Status Really Mean?

Podcast #5: Discussing new US Controls on Tech Exports to China with Amanda DeBusk, Former Commerce Department Official

A strict new national security law has arrived in Hong Kong, marking the most significant shakeup to the city’s relationship with the mainland since the handover more than two decades ago. In this episode, three lawyers analyze the implications for businesses of the new law as well as the U.S. response in the form of sanctions and greater export control restrictions.

Thomas So is a Hong Kong-based partner at Mayer Brown and a member of the National Committee of the Chinese People’s Political Consultative Conference. Wendy Wysong is Hong Kong managing partner at global law firm Steptoe & Johnson. She is a former Deputy Assistant Secretary for Export Enforcement in the Department of Commerce. Nick Turner is Hong Kong-based of counsel at Steptoe & Johnson. He was previously regional sanctions officer, senior vice president at Citibank in Hong Kong.

The China Law Podcast is a weekly podcast exploring China’s business and financial sectors from a legal perspective, hosted by Vincent Chow. Get in touch at vchow@alm.com with any feedback and ideas for future episodes.

Episode outline


01:31 How companies are expected to comply with the new law
04:12 Companies' internal policies for staff behavior
06:09 Concerns about extraterritorial nature of the law and potential impact on business
11:08 What the Hong Kong Autonomy Act threatens to do
14:32 Scope of the sanctions bill and which financial institutions could be targeted
18:16 Why a new sanctions law is necessary for the U.S. response
20:17 New U.S. export control restrictions on Hong Kong
24:38 Revoking of Hong Kong's special export control privileges



Related links

Why the US Wants to Strip Hong Kong of its Special Trade Privileges

Podcast #9: What Does Hong Kong's Special Trade Status Really Mean?

Podcast #5: Discussing new US Controls on Tech Exports to China with Amanda DeBusk, Former Commerce Department Official

29 min

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