Hong Kong’s Business Community Is Holding Up to Civil Unrest

TIME

Updated: Oct. 4, 2014, 6:30 a.m. E.T.

As protests in Hong Kong pass the one-week mark, members of Hong Kong’s business and financial communities are weighing their support for the pro-democracy demonstrations that have brought some of this financial hub’s commercial sectors to a standstill.

According to the South China Morning Post, Hong Kong’s Financial Secretary, John Tsang Chun-wah, said that while the financial market is still unhurt—the Hang Seng Index climbed 0.6 per cent on Friday—the bourse could nevertheless smart from a loss of confidence should the demonstrations continue.

“Up to now there is still no indication that the protest will end in the near future,” said Tsang. “If the protest drags on, the social conflict may become more acute,” he warned.

Beijing is unwilling to answer the chief demand of the tens of thousands of protesters that have massed in Hong Kong’s streets for the past week…

View original post 693 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s