'Li Ka-shing Says New Law Will Help HK's Prosperity'

Billionaire tycoon Li Ka-shing has welcomed the proposed national security law for Hong Kong, report two pro-Beijing newspapers.

In an identical story published by Ta Kung Pao and Wen Wei Po, Li is quoted as saying the bill will have a positive effect on the long-term stability and prosperity of the SAR.

The interview with the tycoon, who is much revered in Hong Kong, was published on the newspapers' websites on Wednesday.

The founder of CK Asset Holdings reportedly said in the interview that every country has the responsibility to safeguard its own national security.

Li is quoted as saying he believes the enactment of the legislation will ease Beijing's concerns over Hong Kong.

At the same time, he said it is also important for the SAR government to strengthen Hong Kong people's confidence in One Country, Two Systems and secure the trust of the international community.

The article also pointed out that the 91-year-old had not spoken on the issue for several days because he had not been feeling well.

Both the reports stressed that after he got better, Li immediately reached out to reporters, demonstrating "a patriotic businessman's unwavering responsibilities towards the country and Hong Kong".