Speaking in the House of Commons Chamber on Wednesday 1st July 2020 in the Foreign Secretary's statement on Hong Kong National Security Legislation. The Rt Hon Dr Liam Fox MP said:
I thank my right hon. Friend for the content and tone of the statement today, because it is a cause of great sadness that we have just witnessed the death of one country, two systems, with all the implications that that will have internationally—something that will be shared across the Inter-Parliamentary Alliance on China countries. Hong Kong is still the entry point for much of China’s inward investment. Has my right hon. Friend had the chance to assess what implications the disregard for international treaty law that we have seen today will have for the security of international investments in Hong Kong, which are still so necessary for the social stability and prosperity of the Chinese people?
I agree entirely with my right hon. Friend’s sentiments, as well as his specific points. Of course, as well as the people of Hong Kong, investors and other people who might wish to visit Hong Kong, and who ordinarily would have done so, will be looking very carefully, not least given the extraterritorial elements of this law, at what it will mean. At the very least, above all the points that have been made in the Chamber today, it will risk a further range of uncertainty for businesses and for finance into Hong Kong and, as I said, that must be counterproductive not just for the people of Hong Kong and those investors, but for China.