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Tycoon Li Ka-shing throws weight behind Hong Kong national security law, suggests it will ease Beijing’s ‘apprehension’ about city

  • Billionaire among six prominent business figures in Hong Kong expressing support for central government’s plan to introduce national security law for city
  • Hongkongers need not ‘over-hypothesise’ pending legislation, Li argues, saying a ‘positive outlook’ will prevail once it is passed

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Tycoon Li Ka-shing (left), Hong Kong’s second-richest man, on Wednesday offered his public support for a new national security law for the city that Beijing plans to impose. Photo: Dickson Lee
Six Hong Kong tycoons have expressed strong support for Beijing’s move to pass a national security law for the city, saying it will help ensure long-term stability and build confidence.
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The billionaires issued separate statements in recent days ahead of a vote at the National People’s Congress in Beijing which could pave the way for the new law to be passed later this year.

On Wednesday, Li Ka-shing, founder of CK Asset Holdings and CK Hutchison Holdings, tried to ease concerns about the law, which critics fear will erode freedoms and damage the city’s economy.

People should not read too much into the legislation, Li said. “It is within each and every nation’s sovereign right to address its national security concerns. We need not over-hypothesise it,” he added.

“Hopefully, the proposed new law can allay the apprehension the central government feels about Hong Kong and from thereon, a positive outlook can begin to prevail.”

Li said the city’s government had a “mission-critical task” to strengthen the confidence of Hong Kong people and to reinforce the international community’s trust in the “one country, two systems” principle.

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Officials have said the law was needed following months of anti-government protests in the city.
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