‘Security Law has no impact on businesses’


HONG KONG: The Hong Kong General Chamber of Commerce (HKGCC) said that businesses it surveyed recently were largely positive about the impact of the national security legislation for Hong Kong over the long run. In the chamber’s survey conducted from May 26 to May 29 on the impact of the national security legislation for Hong Kong, a majority of respondents, 61 percent, believe the law will either have a positive impact or no impact at all on their businesses over the long term.
The business community in general is positive about the legislation in the long run, the chamber concluded.
According to the results from the 418 respondents to the survey, the companies’ main concerns include business confidence relating to the short-term uncertainties the legislation might create, while whether businesses or individuals might unwittingly violate the national security law was ranked as the least important concern.
The chamber said it hopes the detailed provisions of the laws and specific implementation measures will be announced as soon as possible to address the concerns stemming from the uncertainties. The business community opposes any sanction imposed by foreign countries against Hong Kong, as such action would unnecessarily hurt local and foreign companies operating here, the chamber said. –Agenices