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Whether you’re running a mom-and-pop bakery, a laundry pickup service, an ecommerce empire, or practically any other business, having a prominent web presence is important. But for some businesses, that means more than just having a company website. Being able to create multiple landing pages for products, announcements, special promotions, and myriad other reasons can help your business better cater to specific customers and run more customized marketing and acquisition campaigns. One of the most budget-friendly ways to do that is with InfinityPages.

InfinityPages specializes in letting you build fully-custom landing pages in just seconds. Their intuitive drag-and-drop builder makes it easy to design your page exactly how you’d like it and push it live fast without needing developers or designers. With professional templates, elements, widgets, forms, and more, InfinityPages gives you a starting-off point, and then complete control over your landing pages. Once your landing page is built and launched, InfinityPages hosts pages on their cloud servers with 99.9% uptime, ensuring your customers have the best browsing experience possible. Plus, they give you an accurate analytics center for tracking your pages and various campaigns.

With InfinityPages, there’s no limit to the number of sites or pages you can build, nor is there a limit on the number of elements you can use in your pages. You can add integrations like chat widgets, custom embeds, email opt-in forms, and much, much more. You can even download your websites as many times as you’d like for future reference. InfinityPages helps you learn more about your users, all while better connecting with them and driving engagement.

If you want to add to your company’s web presence, landing pages are a great tool. A lifetime subscription to InfinityPages’ Startup Plan is normally $300, but you can get one today for just $39.99.

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Join us as we discuss strategies women entrepreneurs can adopt to keep their networks robust during COVID-19 and beyond.

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Opinions expressed by Entrepreneur contributors are their own.

In this webinar, a panel from Wilmington Trust will discuss the findings of a new survey on peer networking for women business owners, and issues they continue to confront versus their male counterparts. They will also talk about strategies women entrepreneurs can adopt to keep their networks robust during COVID-19 and beyond. 

Key Takeaways:

  • How women business owners and entrepreneurs can gain better access to peer networks
  • What are the networking challenges that women face as compared to men, and how do men and women perceive those challenges differently
  • How the pandemic is impacting face-to-face networking, and what are some techniques business owners can use to overcome those challenges

Register Now

Marguerite is responsible for the development and delivery of strategic advice offerings for clients of Wilmington Trust and M&T Emerald Advisory Services. She provides families and business owners with personal wealth planning and fiduciary services to assist them in the design and implementation of their estate, business succession, and family legacy plans.

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Months after government officials warned public companies that received small business loans through the Paycheck Protection Program that they could face “criminal liability” for taking the stimulus money, dozens of such companies have apparently not returned the funds.

The list of businesses that received PPP loans, released by the U.S. Treasury Department Monday, includes scores of companies whose stocks are publicly traded in such venues as the Nasdaq and the New York Stock Exchange. While the database of PPP borrowers does not include companies that returned their loans, including Shake Shack and Potbelly, it does list at least 38 other public companies that received loans of between $5 million and $10 million—the maximum amount allowed by the program, Fortune’s analysis found.

Those companies run the gamut from tech companies such as Nasdaq-traded Telenav, which has a market valuation of $255 million, to retailers such as Stein Mart as well as biotech and medical firms including Endologix, which received as much as $10 million in early May—but filed for Chapter 11 bankruptcy protection Sunday.

Under the stimulus package’s rules, government-guaranteed PPP loans can be forgiven if borrowers meet certain requirements. In April, Treasury Secretary Steven Mnuchin pledged that PPP loans of more than $2 million would be reviewed, and that companies have to show that they needed the money to support their operations.

“It is unlikely that a public company with substantial market value and access to capital markets will be able to make the required certification in good faith,” according to the Treasury Department’s official guidance.

Still, it may be possible that companies, even publicly traded ones, with lower market capitalizations and more limited liquidity could argue that they needed the PPP funds to survive the pandemic, especially as store closures sunk stock prices. It’s unclear how regulators will treat such companies when they review their loans, as well as companies owned by large investors like private equity funds. Bojangles’, for one, a fast food restaurant specializing in fried chicken, is owned by two private equity firms, but still received a PPP loan of as much as $10 million.

Meanwhile, more companies have also been returning PPP funds: Although public companies have only returned just over $436 million in the stimulus funds, according to research firm FactSquared, a government official told CNBC that a total of $30 billion in PPP loans had been returned or canceled.

More must-read finance coverage from Fortune:

  • If Ernst & Young auditors had done this one thing, they might have uncovered Wirecard’s $2 billion fraud years sooner
  • After overbooking flights in a pandemic, American Airlines is now paying passengers to get off
  • Should Facebook investors ride out the ad boycott—or cash out?
  • Safelite’s CEO on steering the company through crisis—and getting sales back to pre-pandemic levels
  • Former Honeywell CEO David Cote just wrote one of the best guides ever on how to lead a company

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Amazing things have happened to many founders as the result of following their intuition. Here are three ways to do it.

6 min read

Opinions expressed by Entrepreneur contributors are their own.

I’m just going to say it: I’m a big believer in intuition and energies — especially as a creator. There isn’t an idea I’ve acted on that didn’t come to me first as a vision. I lead from my gut with my career decisions, and so far, that has served me tremendously. It got me thinking about how many other entrepreneurs lead from their intuition as well. Has it served them like it’s served me?

After some fruitful conversations, my suspicions were confirmed: Intuition is a guidepost in career. Sure, we may have facts and data that help us decide whether or not to do things like hire that assistant or quit that job. But there’s something deeper and more implicit that really leads us in the right direction. Just as Harvard Business School professor Gerald Zaltman says that 95 percent of our purchasing decisions are made emotionally with our subconscious mind, it’s likely that most of our decisions involving our career, financials or otherwise are, too. 

Related: 7 Things Deeply Intuitive People Do Differently

Here are a few ways to get started with cultivating a relationship with your own intuition.

1. Practice trusting the “tug”

You have to learn from experience by trusting every time that tug comes up. One of my own stories of intuition-gone-right was last year, when I felt a tremendous tug to speak at a summit in L.A. even though it was the same day as my best friend’s graduation from college. I trusted the tug and met my lash manufacturers in the audience after my talk — an opportunity I had wanted to pursue for years. 

Related: The Secret Skill the ‘Shark Tank’ Stars Rely on to Make Quick Decisions

Some don’t know what exactly this tug is or how to know it’s speaking up. I was recently talking with Dani Evans, model and founder of Monrowe, and she explained what to look for: “However you identify your inner guidance system, it’s created to lead us to the paths of our lives that are carved out specifically for us. It can be as simple as a fleeting thought or gentle nudge, or it can be as strong as the equivalent of an audible voice. It’s a knowing deep within you that’s difficult to explain but accompanied with a quiet assurance.”

2. Learn through reflection

We can also develop a closer relationship with our intuition when things go wrong, too, because it’s all about getting a sense for what internal sensations mean what. For example, another entrepreneur friend of mine, Stephanie Thoma, tells a story in her book Confident Introvert about a time she felt a gut instinct to stay home and not attend an event but forced herself to go anyway, thinking she needed to network as usual. On the way home from the event, she got into a car accident and had to go to the emergency room. In her book she writes, “I thought a lot about the value of life and how we spend our time. If that were the last night of my life, would I have wanted to spend it at that event? No. I attended the event for the sake of attending it, valuing quantity over quality. From that point onward, I now make sure to check in with myself about why I am attending something, leading with what feels true to me.” In other words listen to your gut! Don’t go to anything that you feel apathetic about.

Related: Make the Best Decisions for Your Life by Listening to Your Inner Voice

Think through the times in your life that you did listen to your gut and it turned out well, and the inverse of that: when you didn’t, and it didn’t turn out well. You’ll hone this intuition in business. Perhaps when you’re around someone you trust, you feel a sense of warmth in your heart space. And perhaps if you’re making a business decision that isn’t best for the business, a sense of panic starts to kick in. Learn to trust yourself first. 

3. Become okay with ignoring what’s “rational” if your intuition is saying otherwise

Of course, also implicit in trusting intuition is sometimes choosing it over rationale. The tug between mind and heart is a battle we all face from time to time. So, practice being okay with it if your intuition speaks against what seems rational at the time. For example, when I quit my job, it wasn’t necessarily rational. But my gut knew I needed to do it. This seems counterintuitive, because business generally requires rationality, but Richard Branson, founder of Virgin Group, famously said, “I can tell you that when I have to decide whether or not to go ahead with a new venture, I have often found that intuition is my best guide.”

Aishwarya Balaji, a serial tech entrepreneur and the founder of Imperfect CEO, has a story along similar lines. She told me that when her last startup shut down, she went to Bali for a three-week vacation but felt she shouldn’t leave when the time was up. Rather than making the rational choice to go back home, she ended up staying over three months — and met the founder of the wearable tech healthcare company she now leads product development for. 

Many of us think of intuition as abstract and hard to pinpoint, but we all have it within us. If we can strengthen our relationship with it in relation to our career and businesses, we can tap into a hidden wisdom and trust ourselves more. Amazing things have happened to many founders as the result of following their intuition.

Related: Habits of People Who Trust Their Intuition (Infographic)


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Business communication has always been important, but it is doubly important in crises.

4 min read

Opinions expressed by Entrepreneur contributors are their own.

Communication has always been a crucial element of business operations, regardless of the size or location of the company in question. Being able to communicate effective is crucial to defining a brand and putting the best foot forward with customers. When done effectively, business communication can boost a company’s products and services to immense profitability, or sink the company, if done poorly.

Business communication in normal times is very different from business communication in times of crisis. The stakes are higher, and leaders must execute their communication efforts perfectly. Here are a few strategies you can employ to do just that:

Resist the urge to profiteer

When it comes to a crisis situation, the worst position to be in is that of an organization that is seeking to take advantage of the situation. When people cannot blame the cause of a crisis on anyone, they will likely be all too happy to focus all their anger on people they believe are making it worse. Needless to say, the best (or worst, actually) example of this is all the businesses that hiked prises during the health crisis, making essential supplies too expensive for many people to afford.

Apart from severely damaging their brand equity, many of those businesses are facing regulatory censure. On the milder end of the scale, opportunist tactics to make sales must be avoided in your communications. For instance, Subway’s tying the receipt of masks to purchases was a very poorly thought out and damaging approach. Instead, focus on bringing relief to your customers and the public by highlighting discounts or incentives your business is offering, and how those gestures will help people cope with the crisis better.

Related: 14 Proven Ways to Improve Your Communication Skills

Helpful and timely information

In a time of crisis such as this, people will understandably have a lot of uncertainty regarding what to do. Your brand can help by sending information that is relevant to the time and place, and helping people make the right decisions to stay safe and ensure their health. Such gestures will certainly be remembered and appreciated, and the degree of those emotions will be directly tied to how timely and helpful your content is, as explained extensively in this McKinsey report.

When doing this though, it is important to be cautious and ensure that you are only sending verified, accurate information. According to Yaniv Masjedi, CMO of Nextiva, “Sending nothing at all is better than sending something that turns out to be inaccurate or worse still, harmful. If possible, you should also link to or at least reference to the sources for any information you are citing, where such information is scientific, legal or similarly sensitive in nature.” That will increase how helpful the content is because people can go cross-check or get more info, but crucially, it also gives you a layer of insulation, in the event of any subsequent issues with the information.

Related: 4 Simple Ways to Communicate Better With Your Customers

Stay responsive and consistent

In a crisis on the scale of the ongoing health crisis, everyone will understandably be rattled, so it’s important for your business to continue communicating with customers using all available technology channels. You should do everything in your power not to seem as if you are in panic mode to customers. The most common ways this manifests is when people (customers, partners, media) cannot elicit a response from you. Silence gives the opportunity for those people to fill in their presumptions and as everyone’s panicking, those presumptions are likely he worst kind. This can lead to lost sales or other opportunities, as well as a damaged reputation where such silence amounts to poor customer service.

Businesses also often lack PR cohesion during a crisis, resulting in a situation where enquirers are hearing one thing from the Facebook page and getting different information from the Twitter account. Obviously, that would not inspire confidence in customers that yours is a business they can trust at the time. The cause of such issues is often teammates being out of touch with one another. The first solution is to ensure that there is a comprehensive communications plan from the beginning and the second is to make sure that the plan is updated and accessible by everyone who might be speaking on behalf of the company.

Related: 3 Things That Will Boost Your Team’s Communication


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7 min read

Opinions expressed by Entrepreneur contributors are their own.

Covid-19 has wiped out dreams, created a psychological nightmare, and torn a country apart, with individuals questioning what is the right, or wrong, thing to do. The result? Nobody has been untouched.

But, like any crisis, there are lessons to be learned. In the business world we had to rethink employee communications, crisis strategies, technology capabilities, messaging, external communications, new business strategies and business operations – all practically overnight. We had to have all-hands-on-deck and we had to take an honest look at what was in place, what was missing, and what we had, but was no longer relevant. We had to take a solid look at what happened and where we landed to fully understand how we could successfully ride the storm and move forward, with the least amount of destruction. But there can’t be any blinders on. It’s a time for truth. And it’s not always pretty to look at the holes and the lack of strategies that were in place. But it’s real. And now is the time to truly reflect and get the “house” in order if you have not done so.

The bottom line is that we must do two major things:

1. Reflect on our communication. What were we saying and how does that need to shift? What methods were we using and is that still relevant? Who was our audience and has this changed?

2. We need to generate more business to replace what has been lost. Things are not the same therefore our tactics should not be the same. It’s time to shift the mindset.

Here are the top suggestions to communicate better and, through marketing, to rebuild what was lost:

5 Ways to improve communication and marketing

1. Increase video

If there was ever a time to use video as part of your communication strategy, now is that time. The visual element doesn’t allow for sugar coating like the written word does. We can look at your eyes and see your body language. It’s all there. In a situation like this, that’s a positive because we need to see the human side. Use it to share your story. What has your business gone through? Be vulnerable. Take time to create a video calendar that isn’t about your products or services. Talk about how you felt. Talk about missing your customers. Talk about your amazing employees. Talk about what will be new and why you’re going down that road. People buy from companies because they have a need or because they believe in a brand – but they also purchase because they like you. Keep this in mind and remember to keep it real through the use of video.

Related: How to Minimize Risk and Protect Your Money During Times of Crisis

2. Introduce repetition

You must be consistent in your message. If you don’t have one, create one. Then, share across all your channels, often. Use infographics, videos, blogs, newsletters, eBooks, and emails. But the message should be the same, just a different format. Share across your website, create content that gets published into third party outlets, and use as content for social. The point is consistency and frequency. You have a lot to say – now is the time to get your message out there.

3. Insist on the truth 

This is not the time to sugar coat your communications. Your employees need to know the lay of the land and your clients and vendors need to know where they stand. If you fell hard, be honest, and share what you are doing to pick up the pieces. If you have found a way to diversify during these difficult times, let them know why things are changing and how they will be impacted. If things are going well, give them a sense of hope – which is so needed right now. This is not the time to sweep your communications under the rug or to minimize what is going on behind closed doors. Be transparent as respect builds loyalty.

Related: How the Legacy of the Pandemic Will Reshape the Future of Work

4. Improve timeliness

Look at what you had in place. As we were hit by Covid-19, did it hold up? Was something missing? Were the right people informed? There must be a plan in place, for next time. It may not be a pandemic and it may not be this catastrophic, but there will be a next time that communication is imperative, and employees, clients and vendors want and need immediate information. Therefore, time is of the essence. Who will be impacted? How will they be impacted? How long will the changes last? Will there be new policies in effect? Don’t keep those that are invested waiting or you may lose those that mean the most to you.

5. Invest in creativity

Everybody always talks about this element. But few do it well, or at all. What do I mean by this? Simply, stop selling. Many may be thinking, “What is Doreen talking about?” I mean that your customer knows when you are selling something. That is why earned media works better than advertising – though both have their place. It is simply more credible. In a time of crisis, credibility is king. Find a way to get your brand out there and get your message across – with creative concepts. Some of my favorite ad campaigns never mentioned the product, until the end. As an example, a Renault Clio commercial kept me watching. It was relevant. It was emotional and it tied in social concepts that are real in our world today. We practically live in our cars – so, why not tie the commercial to real life? They did that and brought me into their sales funnel, without beating me down with their brand and without “selling.” Not everything has to stay the same. Nor should it.

Related: 12 Business Leaders on Rebuilding in the Post-Pandemic Economy

5 tips from pros to generate business

1. Help your customers

Tolithia Kornweibel, Chief Marketing Officer at Gusto, said “Resist the temptation to preach about how much you care. Just do something to help your customers. In times of crisis, if your future customers spend one second with your marketing that isn’t giving them help or value, you’ve failed.”

2. Build a win-win deal

Justin Halldorson, Managing Partner at Shift Capital, said “People love to say ‘just go buy Facebook ads’ or ‘get serious about social media,’ but that simply doesn’t work in times like these. There are a ton of opportunities for joint-ventures and partnerships right now. Find a way to build a win-win deal where you both benefit. A lack of cash can be made up for with an abundance of creativity.”

3. Shift your strategy

Kevin Dinino, President of KCD PR, said “There are three things you can do to generate lost business: 1) Reevaluate your customers’ needs and desires post-COVID and adapt your services and products to address these critical elements. 2) If you are selling anything online, consider offering payment plans to reduce the immediate financial burden for your customers and create a reoccurring revenue stream for your business. 3. Take advantage of declining ad prices.”

4. Double-down

Kevin Walker, SVP of Marketing at Issuu, said, “It’s likely other companies competing for your customers’ attention will reduce their marketing spend during an economic downturn. Now is the time to double down on your own marketing efforts and take advantage of a ‘quieter’ marketplace.”

5. Understand needs

Emily Pederson, Sr. Account Manager at Leighton Interactive, said “Retention is the new acquisition. Don’t forget about your loyal customers. While you may be hungry for new business, it’s extremely important to make sure you are servicing existing customers and making sure they are safe, happy, and healthy. Think about upsell opportunities when identifying what your customers need and work to identify ways you can be a guide during this post-pandemic world.”

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The final entry deadline for the 2020 (17th annual) edition of The International Business Awards® is Tuesday, July 28.

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5 min read

Opinions expressed by Entrepreneur contributors are their own.

Cloud computing has long been poised to change the business landscape. Cisco predicts that 94 percent of all workloads will be handled in the cloud by next year — and the COVID-19 crisis is speeding up the process. 

As the coronavirus whips the business world into a tailspin, your company can’t afford to go unprepared. Old, server-based computing options can be sluggish in the face of today’s high-paced tech world. By adopting cloud computing, you’re ensuring your organization has the digital tools it needs to face down whatever challenges may come next. 

More and more companies are being forced to take their business online, but not all of them have the necessary digital infrastructure in place. If you’re hoping to get your business through this pandemic unscathed, you’ll need cloud computing to help. Here are five ways it can.

Related: A COVID-19 Survival Kit For Entrepreneurs

1. Document Sharing 

In times like these, businesses can no longer afford to let important documents get lost in endless email chains. Cloud-based document sharing is a great way of ensuring that key pieces of content can be viewed and accessed by anyone who needs to see them without hours of digging. 

As COVID-19 sends workers home, working together is both more difficult — and more important — than ever. Thankfully, document-sharing platforms have begun responding to the pandemic, with leader Dropbox integrating many of its features with Zoom to allow for seamless collaboration. Apps like Dropbox or Google Docs make it easy to keep a tight grip on your key content, even if everything else is in flux. 

2. Cybersecurity

Cyberattacks have always posed a serious threat to the increasingly digitized business world, but the pandemic is only exacerbating the problem. McKinsey research shows that the increase in employees working from home and the pressure faced by some organizations have significantly boosted the possibility of breaches. 

Cloud-powered cybersecurity can solve many of the problems businesses face in this realm. Keeping security operations in the cloud gives your company significantly more digital horsepower, with many of the best security platforms utilizing artificial intelligence to detect and paralyze threats in real time. 

Businesses aren’t the only ones hit hard by the pandemic. Consumers the world over are being plagued with uncertainty and reduced incomes. Research published in Harvard Business Review found that the virus is already making it significantly more difficult for call centers to cope, and this is only going to get worse as time goes on.

Taking your customer service to the cloud is a surefire way to help alleviate these problems. Cloud-based customer service carries the benefits of additional speed and bandwidth, but it also can make life easier for your CS agents. Cloud contact center Five9 recently partnered with Google Cloud to allow agents greater access to relevant customer information in real time. Firms need to be able to deal with high call volumes smoothly to function, and the cloud can make that a reality. 

4. Remote Working

COVID-19 may have shuttered offices in the short term, but the long-term effects might be just as profound, as 74 percent of businesses plan on reducing the number of employees in their office, even after the virus subsides. Remote work has been on the rise for the past several years, but the recent spike in stay-at-home workers means that businesses need to be able to handle entire teams located outside the office.

The aforementioned document-sharing and videoconferencing platforms are crucial components of any work-from-home model, but these aren’t the only tools at your disposal. While Zoom allows you to make seamless video calls, it also weighs down internet connections and can be unruly at times. Messaging service Slack, however, recently underwent a speed increase and RAM usage reduction, making it a valuable cloud-communication option that won’t prohibit your workers from connecting when they need to. 

Related: 4 Major Cybersecurity Risks of Working From Home 

5. Scaling 

For almost all businesses, this is a time of great uncertainty in regards to size. While some digital firms, such as Amazon, are experiencing explosive levels of growth, many are facing the serious possibility of furloughs or downsizing. To stay solvent, you need to be able scale your business up and down on a dime.

Because the cloud doesn’t require a physical server to operate, it allows you to use as much or as little computing power as you need. Research from MIT has shown that on-site data centers can take up to a year to properly build — time your business likely doesn’t have at its disposal. Cloud computing lets you scale dynamically, without the need for waiting.

With COVID-19 comes an unprecedented number of unknowns, so your business needs to cover all its bases to stay prepared. Moving your company to the cloud offers your business a number of new advantages while allowing you to run all of your key operations, whether you’re in the office or at home.

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Learn how to anticipate expectations going forward and understand the tools and resources needed to reimagine operations.

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Stay informed and join our daily newsletter now!

2 min read

As businesses have reopened, navigating “business as usual” while maintaining rigorous, science-based safety standards is essential. Make the wrong moves, however, and you could jeopardize your customers, employees, and even your brand.

Join us for a free webinar, How to Future-Proof Your Business and Prepare for the New ‘Normal’, presented by Salesforce and Entrepreneur. We’ll cover the areas businesses need to think about as they reimagine operations—everything from how to communicate and deepen relationships with customers to planning for customer safety to ensuring supply chain success and more. We’ll help small and midsize businesses anticipate expectations going forward and understand the tools and resources they’ll need to future-proof their business. 

The speakers will be Kylee Hall, Vice President of Marketing at communication platform Remind, and Adrian Fallow, AVP of SMB Sales at Salesforce. Attendees of this webinar will come away with a checklist to follow as your business continues to adapt to the changing environment. You’ll learn:

  • Strategies for delivering customer-centric digital transformation
  • How to lead and drive change within your organization
  • Techniques for building a culture that quickly adapts to meet customer expectations
  • And much more

How to Future-Proof Your Business and Prepare for the New ‘Normal’ will take place live on Wednesday, July 22 at 2 p.m. ET | 11 a.m. PT.

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China’s central government on Tuesday unanimously passed a National Security Law to be imposed in Hong Kong, according to multiple reports from local media, each citing unnamed sources. The measure moved forward despite widespread opposition from lawmakers and citizens in Hong Kong as well as foreign business groups and governments, notably the U.S.

Proponents say the law will bring “stability” to a city rocked by months of protests opposing Beijing’s heavy-handed influence in Hong Kong. Critics say the law—and the manner in which it was promulgated—is a death knell for the unique characteristics that made Hong Kong a thriving international hub for business.


Beijing has moved incredibly fast to pass the law, doing so in a little over a month. The central government announced it would impose a national security law for Hong Kong on May 21, during the first day of the Two Sessions, the annual meeting of China’s ‘rubber stamp’ parliament that announces targets and laws for the year ahead. A proposal for the law was filed on May 22 and approved by China’s parliament on May 28.

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In Hong Kong, Beijing’s announcement came as a surprise. Under Basic Law—the mini constitution that defines Hong Kong’s status as a Special Administrative Region—Hong Kong is supposed to create and implement a national security law by itself. The local government attempted to do so in 2003, but the measure was shelved after months of questioning by lawmakers and a massive street protest.

Beijing’s promulgation of the new law has sidestepped Hong Kong’s legislative process. Central authorities have even expedited their own approval process to fast-track the law. Laws need to be reviewed twice by China’s top legislative body, the NPCSC, in order to pass. The NPCSC normally meets once every two months but met twice in June—once on June 20 and again on June 28—to give the national security law its due process. The expedited timeline ensured the law would go into effect before Hong Kong’s local elections in September that could have swept pro-democracy lawmakers into office.

Official approval

According to the Basic Law, Beijing must consult Hong Kong’s leadership throughout the process of promulgation, but Hong Kong’s top lawmakers—despite supporting the law—have admitted to not knowing any details of the bill beyond those aired by Chinese state media.

China Holds Annual Two Sessions Meetings Amidst Global Coronavirus Pandemic
Chinese President Xi Jinping appears on a large screen in Beijing showing the evening news during a session of the National People’s Congress at the Great Hall of the People on May 25, 2020. Beijing introduced the Hong Kong security law during the meeting of its ‘rubber stamp’ parliament last month.
Kevin Frayer/Getty Images

Broadly, Beijing let it be known that the national security law would target sedition, terrorism, and acts of foreign interreference—later changed to prohibit “collusion with foreign forces.”

Despite not knowing details, Hong Kong officials loyal to Beijing have openly declared support for the bill. The Hong Kong government also spent $900,000 to advertise the impending law, plastering buses, billboards, trams, and escalator walls with adverts that simply read, “National Security Law. Preserve One Country, Two Systems. Restore Stability.”

Risky business

Hong Kong’s independent judiciary is often cited as a key factor in Hong Kong’s development as a hub for international business. Opponents of the national security law say Beijing’s refusal to consult local lawmakers on the process has undermined the local courts, creating an uncertainty that poses a major risk to business.

The American Chamber of Commerce in Hong Kong warned on May 22 that Beijing’s move to “bypass the Hong Kong legislative process to enact a Hong Kong security law may jeopardize future prospects for international business.” Yet the business group later released a survey that showed 70% of respondents planned to keep their business in Hong Kong, despite the impending new law.

A protester surveys the crowd as demonstrators march through
A protester surveys the crowd of demonstrators in Hong Kong last year. Critics see Beijing’s new security law as an attempt to quiet the unrest that has rocked the city for over a year.
Aidan Marzo/SOPA Images/LightRocket via Getty Images

Businesses with major operations in mainland China have voiced support for the new law. On June 3, HSBC Asia-Pacific chief executive Peter Wong signed a petition supporting the law after former Hong Kong chief executive C.Y. Leung publicly criticized the bank for remaining quiet on the issue.

U.S. Secretary of State Mike Pompeo said Beijing’s “browbeating” of HSBC was “a cautionary tale” for other companies that rely on China’s market. The White House has been vocal in its opposition to the law and the U.S. State Department determined in May that Hong Kong can no longer be considered a separate economic entity from mainland China, due to Beijing’s promulgation of the law.

Days later, President Donald Trump ordered his administration to “revoke Hong Kong’s preferential treatment as a separate customs and travel territory from the rest of China.” The action could result in Washington imposing tariffs—like those imposed on China during the trade war—on Hong Kong exports while limiting the city’s free access to the U.S. dollar. Another consequence: on Monday the U.S. halted exports of sensitive technology to Hong Kong.


In negotiations with Britain over the return of Hong Kong in the 1980s, Beijing pledged the city’s “way of life” would remain unchanged for 50 years. The national security law is due to go into effect on Wednesday, July 1—the 23-year anniversary of Hong Kong’s return to Chinese sovereignty.

Police have denied permission for a march in protest of the national security law to be held in Hong Kong on Wednesday. Organizers have said they will hold the demonstration anyway. Those involved could be the first in Hong Kong to be in violation of the new national security law.

More must-read international coverage from Fortune:

  • Corporate Germany has a race problem—and a lack of data is not helping
  • George Floyd protests force Britain to reckon with its role in slavery, leading some companies to pay reparations
  • The insurance case that helped end the slave trade
  • George Floyd protests, coronavirus face masks pose challenges for facial recognition
  • From beekeepers to giant pension funds, activist shareholders are being silenced by the coronavirus

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