Hong Kong protests, Beijing's tightening grip rattle business community

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Chaotic scenes of protesters rampaging through Hong Kong's legislature, tra...

HONG KONG - Chaotic scenes of protesters rampaging through Hong Kong’s legislature, trashing furniture and daubing graffiti over walls have sent jitters through the business community, which worries about the impact on the city’s status as a financial hub.

Escalating unrest over a controversial extradition bill, which would allow people to be sent to mainland China for trial, grabbed global headlines and clouded Hong Kong’s outlook as a finance hub, one of the city’s main pillars of growth. Hong Kong returned from British to Chinese rule in 1997 under a “one country, two systems” formula that allows freedoms not enjoyed in mainland China, including freedom to protest and an independent judiciary.

“To me, the biggest worry is how Hong Kong is losing its independence bit by bit and is getting dangerously close to a country that doesn’t value human rights and that doesn’t have an independent judicial system,” said Edward, an Australian citizen who has worked in the financial sector for 10 years.

 

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These folks are not playing this is serious!

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