SOURCE / ECONOMY
Hong Kong remains home for international business: AmCham in HK
Published: Jul 03, 2020 10:51 AM

Hong Kong Photo: Unsplash


The American Chamber of Commerce (AmCham) in Hong Kong said it will remain committed to Hong Kong as a home base for international business following the National Security Law took effect in the Special Administrative Region (SAR) at 11 pm on Tuesday.

"It will take time for the business community to digest details of the law, but we hope it will not impact the dynamism and benefits of this great city, which continues to serve as an important gateway between East and West," the AmCham in Hong Kong said in a statement posted on its website on Thursday.

"We look forward to further consultation with our members on details of the national security law, as well as interaction with the Hong Kong SAR government to seek further clarity on how the law will be interpreted and implemented, and the implications for American businesses operating and investing in Hong Kong," read the statement.

According to a recent survey by AmCham in Hong Kong on its 180 members, around 70.6 percent of respondents said their companies don't have plans to move capital, assets or business operations out of Hong Kong, while 62.2 percent said they personally won't consider leaving the city despite some concerns.

Global Times


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