Professor Ho-Fung Hung said an amendment to Hong Kong law may damage the city's reputation as a financial center and its special status with Washington.
The mass political demonstration has already had an impact on business in the city.
Beyond just the effects of this week, the mass political demonstration has raised long-term concerns about the future of doing business in the territory.released a statement Those "new arrangements," according to the chamber, "will reduce the appeal of Hong Kong to international companies considering Hong Kong as a base for regional operations."
That sentiment was echoed by Ho-Fung Hung, a professor in political economy at Johns Hopkins University. Speaking with CNBC's "Street Signs" on Thursday, he said an amendment to the extradition policy could jeopardize not only the territory's reputation as a financial center but also its special economic status with Washington.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Latest: Hong Kong police search protesters, bagsHONG KONG (AP) — Latest on the debate around Hong Kong extradition legislation (all times local): 5 p.m. Hong Kong police have been searching some protesters and their bags as the...
Read more »
Thousands of Protesters Block Hong Kong Roads Over China Extradition BillThousands of protesters blocked roads around Hong Kong’s legislature early Wednesday as lawmakers were set to debate a widely unpopular proposed law that would allow people to be extradited to China.
Read more »
Hong Kong protests: Live updatesThousands of protesters create gridlock in Hong Kong as lawmakers plan to hold a debate on the controversial extradition bill. Follow live updates:
Read more »
Has Hong Kong already lost its battle against Chinese authority?They are calling it Hong Kong’s “last battle” as authorities face massive opposition to a bill that would enable extradition to the mainland. But with China’s increasingly assertive approach to Hong Kong, the battle may already be lost.
Read more »