White House to warn US companies about Hong Kong risks

– A + A (July 13): The US will warn American companies this week of the increasing risks of operating in Hong Kong, three people familiar with the matter said, as Washington seeks to ramp up pressure over Beijing's crackdown on the financial centre. Those risks include the Chinese government's ability to gain access to data that foreign companies store in Hong Kong, two of the people confirmed. The warning, first reported by the Financial Times, will come in the form of a business advisory, the people said. Such an alert from President Joe Biden's administration would underscore how Washington's…