Traders appeal for action to stop the blows

Top News | Tereza Cai 23 Jul 2019

The Chinese Manufacturers' Association of Hong Kong has called on dissidents to discuss and express their opinions sensibly, and to "not let political disputes delay the development of Hong Kong."

It also strongly condemned the protesters blocking the road and maliciously blocking the Liaison Office, adding it was shocked that more than a thousand people dressed in white indiscriminately attacked people in the street and at the MTR Yuen Long Station with canes and steel pipes on Sunday.

Kenny Tang Sing-hing, chairman of the Hong Kong Institute of Financial Analysts and Professional Commentators, said no one should condone violence.

The demonstrations and conflict in Yuen Long have directly affected local retail sales and it is hoped government can peacefully resolve the social conflicts as soon as possible, helping the retail industry get over a hard time, said Annie Tse Yau On-yee, chairwoman of the Hong Kong Retail Management Association.

The association last week predicted that local retail would record a double-digit decline for the full year.

Meanwhile, the Cathay Pacific Airways Flight Attendants Union said it "strongly condemns the government for failing in its primary duty to guarantee the safety of its citizens.''

Irene Chu, head of new economy and life sciences, Hong Kong, at KPMG in China, said the recent uncertain social situation will not necessarily affect Hong Kong's fundamental economic development.

But, she added, it will have a short-term influence and might change company deployment.

The Hong Kong General Chamber of Commerce strongly condemned the violence and called for a swift resolution to the impasse that has polarized the community.

The Chinese General Chamber of Commerce, Hong Kong, also slammed the violence.

Its chairman, Jonathan Choi Koon-shum, called on all sectors of society to adhere to the principle of peace and rationality, stop all attacks that undermine social order, protect the core values and the rule of law in Hong Kong, and allow the SAR to return to stability and prosperity.

The Hong Kong chamber called for an inquiry to independently examine the facts surrounding the events that are at the root of the tensions and their escalation.

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