Shenzhen WFOE Registration Service
Hotline: 86-755-82147392, Email:info@citilinkia.com
Retired economics professor and Hong Kong deputy to the National People’s Congress Priscilla Lau Pui-king has warned that Hong Kong’s business environment would suffer considerably if political division continued.
The proposal for constitutional reform, aimed at seeing the city’s Chief Executive elected by universal suffrage for the first time, will be put to the vote in the Legislative Council next month.
However, the opposition camp, with 27 votes, has threatened to quash the city’s landmark reform which, if passed, would see 5 million eligible voters cast their first votes for their leader.
If the reforms are vetoed, political development in Hong Kong will come to a standstill. This would disrupt business and economic activities, the former associate professor from Hong Kong Polytechnic University warned.
Voicing her support for the reform package, Lau said if it were vetoed she was not sure what would happen after 2017.
Some 70 legislators face elections next year and Lau believes this will also have an impact.
If the opposition camp continued to hold enough seats to maintain the veto, then constitutional reform would not restart, the economist said.
Hong Kong’s current electoral system has advantages for members of the opposition camp since their seats will be secure as long as they retain enough die-hard followers, the retired scholar predicted.
Lau noted that CE Leung Chun-ying had said Hong Kong could be a “regional super connector” between mainland and the world. The city also has a vital role to play in the country’s “Belt and Road” initiative.
.jpg)
But Lau questioned whether Hong Kong could play such a significant role if political unrest continued.
She noted that Hong Kong also excelled at providing convention and exhibition services. But if electoral reform is vetoed, the resulting social tensions will also affect these international meetings. Many people may prefer to avoid Hong Kong, Lau said.
She stressed that the SAR would lose more opportunities and its traditional facilitating role between the mainland and the rest of the world would be at risk.
These problems in the LegCo have affected the government’s efficiency, said Lau. If the reform package isn’t passed, it will affect not only Hong Kong’s economic development, but people’s livelihoods and many other things.
Contact us
For further queries, please do not hesitate to contact ATAHK at anytime, anywhere by simply calling China hotline at 86-755-82148419, 86-755-82143512, or emailing to info@citilinkia.com