HK business groups condemn protest
Print Edition
FOREIGN business groups in Hong Kong joined the city’s billionaire tycoons yesterday in opposing plans for an Occupy-style protest in the Asian financial center.
In a newspaper ad, Canadian, Indian, Italian and Bahraini groups called for a rethink of plans to blockade the central business district to press for “full autonomy.”
Hong Kong became a special administrative region of China in 1997. Under a principle known as “one country, two systems,” the city is allowed to practice capitalism until 2047.
In their advertisement, the foreigner business groups said they had “grave concern” about the protest.
“Occupy Central could potentially cripple commerce in the Central Business District, impacting small local businesses and large multinational operations,” the ad said.
The protest calls for 10,000 people to take over the streets of the financial district sometime in the coming months.
A policy document released by the Chinese central government’s press office on Tuesday said some people were “confused or lopsided in their understanding of one country, two systems,” a misunderstanding that had led to many wrong views about Hong Kong’s economy, society and the development of its political system.
The central government has comprehensive jurisdiction over Hong Kong and was the source of the city’s high degree of autonomy, the document said.
Billionaire Peter Woo has called the protest movement illegal and unwise.
Tycoon Li Ka-shing, Asia’s richest person, said earlier this year it would damage Hong Kong’s image and said there were better ways to strive for democracy.
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