Radio Free Asia (RFA) Chinese Edition recently reported that Swedish technology company Micro Systemation AB (MSAB) announced its plan to leave the Hong Kong market and will no longer provide technical solutions to the Hong Kong Police and other Hong Kong government agencies. MSAB made its name in Hong Kong by assisting the police department in unlocking phones. MSAB also intends to leave the entire Chinese market. The company explained that the decision was made based on the fact that the U.S. dropped Hong Kong’s special status. It would rather not risk the possibility of suffering a U.S. sanction. MSAB’s technology resulted in some recent arrests of Hong Kong pro-democracy activists, so the company is facing heavy criticism. At the same time, Canadian financial asset management company BMO and the Denmark retirement fund management company Akademiker Pension also announced plans to leave the Chinese investment market, including Hong Kong.
Source: RFA Chinese, September 24, 2020