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US tech groups resist Hong Kong data-sharing proposal

Google, Amazon Web Services and Microsoft have refused to agree to a proposal that would give Hong Kong regulators access to customer banking records, putting the companies on a collision course with city authorities.

The technology groups have been locked in negotiations since last year with the Securities and Futures Commission, the Hong Kong regulator, over providing access to financial data held on their cloud platforms.

But the dispute has intensified after Beijing imposed a national security law on the Chinese territory last month, according to multiple people with direct knowledge of the discussions.

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