‘We Fear Confidence Will Suffer:’ Hong Kong’s Extradition Law Is Denounced as Bad for Business

Trade groups claim the much-protested bill threatens Hong Kong’s status as an international business hub.

A stream of protestors ebbed down Hong Kong’s central thoroughfare Sunday afternoon, crowding vehicles off of the streets and clogging up exits of the city’s subway system. The estimated 1.03 million demonstrators had turned out in the 90-degree heat to march on the headquarters of Hong Kong’s Legislative Council, the city’s governing body, to protest an extradition bill that the American Chamber of Commerce says is a threat to Hong Kong’s status as a hub for international business.

“The passage of this bill comes at the expense of the business community and we fear business confidence will suffer,” says Tara Joseph, president of AmCham Hong Kong, urging Hong Kong’s ruling Executive Committee not to “brush off” the concerns of the protestors. “Again we ask the government to drop or delay the tabling of this bill and preserve Hong Kong as a leading international business center,” Joseph says.

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