Top Business Chamber Condemns Yuen Long Violence
"); jQuery("#212 h3").html("

"); });
2019-07-22 HKT 21:16
The Hong Kong General Chamber of Commerce (HKGCC) has strongly condemned Sunday's violence triggered by the extradition bill saga.
In a statement, the HKGCC said "the horrific attacks on innocent people in Yuen Long, and extremely worrying development of people taking the law into their own hands, have shocked and disgusted the people in Hong Kong."
The chamber said protests are becoming increasingly confrontational "while factions are being created that pit citizen against citizen". It says it respects people expressing their views in peaceful protests, but it also cited the storming of Legco, attacks on the police headquarters, the violence at New Town Plaza in Sha Tin a week ago and the vandalising of the liaison office on Sunday, insisting they should not be tolerated.
The chamber said the situation is raising concerns both locally and internationally about Hong Kong's commitment to the Basic Law and the rule of law, and called for a "swift resolution" to the current impasse.
The HKGCC called on the government to formally withdraw its extradition bill and set up an independent commission of inquiry into the events that are at the root of tensions.
It also said the officials must be held responsible "for the poor manner" in which the bill was handled, in accordance with the ministerial system which aims to promote accountability.
And the chamber urges protesters to denounce violence and ensure future demonstrations are peaceful.
Many business groups, including the HKGCC, had expressed concern about the now-suspended extradition bill, fearing business people would be targeted. The government later exempted nine mostly white-collar crimes from the ordinance, winning the chamber's support.
HSBC And Standard Chartered Venture Reportedly Among First For Hong Kong Stablecoin Licenses
People familiar with the matter say HSBC and a joint venture led by Standard Chartered will likely be among the first f... Read more
Hong Kong Taxi E-Payment Adoption Surges, Hits 90% Ahead Of April 2026 Mandate
The taxi industry is moving decisively toward digital payments as the mandatory Hong Kong taxi e-payment requirement, s... Read more
SUNRATE Renames China Payment Unit Following Regulatory Approval
SUNRATE has changed the name of its China-licensed entity from Transfar Pay to SUNRATE Pay following following regulato... Read more
Bithumb Could Face Six-Month Business Suspension Over AML Breaches
Financial authorities plan to impose significant sanctions on virtual asset exchange Bithumb for breaching anti-money l... Read more
HSBC Hong Kong Enables Digital Consolidation Of Multiple Passbooks
HSBC Hong Kong has introduced a new Passbook Consolidation feature on the HSBC HK App, allowing customers to view and m... Read more
PAObank Launches Flexible Wealth Service For Retail Customers
PAObank has launched a new wealth service, offering a dual-advantage solution that allows customers to switch between i... Read more
