Hong Kong’s fund management association has rebuffed claims of a looming exodus of investment houses from the financial centre despite growing concerns over China’s plans to impose a national security law.
Bruno Lee, chair of the Hong Kong Investment Fund Association, said fresh unrest in the former British colony was a short-term blip that would not change “the long-term strategic position of Hong Kong”.
Tensions between Hong Kong and China came to a head earlier this month when the Chinese Communist party approved a plan to impose national security legislation targeted at what it called “subversion of state power” or “interference” from foreign countries.
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