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Hong Kong – November 13, 2020 – Seven impressive women, a business leader and an exceptional company were honored “Women of Influence” (WOI) Awards (「最具影響力女性」獎項) in recognition of their career accomplishments and their support for the empowerment of women at the 17th Women of Influence Conference & Awards (第十七屆「最具影響力女性」論壇暨頒獎禮) held on November 13. The conference theme was “Global Issues, Local [S ...

AmCham mourns the death of Past Chairman Tom Gorman, who passed away in Hong Kong on September 11, 2020.

A recent survey by the American Chamber of Commerce shows about 39 per cent of the 154 firms surveyed are considering leaving Hong Kong over fears about the new national security law Beijing recently enacted in the city. Elaine Ly from the South China Morning Post speaks to Tara Joseph about some of the biggest challenges American businesses are now facing.

To gauge how these developments have impacted business, AmCham asked its diverse set of member companies for their views in a temperature testing survey, to which 154 members (13% of overall membership) responded between August 7 and August 11.

Respondents to an American Chamber of Commerce survey cited the law’s ambiguity, as well as reluctance among clients to deal with US firms for fear of entanglements. They also cited recent US sanctions and the revocation of Hong Kong’s preferential trade status as potential motivation for leaving the city

President Donald Trump’s move to end Hong Kong’s special status under U.S. law will hurt the country’s business interests and deepen pessimism about the Asian financial hub’s future, the American Chamber of Commerce’s local branch said.

The American Chamber of Commerce in Hong Kong (“AmCham”) has supported open and constructive dialogue between the United States and the HKSAR for more than fifty years. The Chamber remains committed to the mission we espoused at our founding:

Chamber breaks silence, saying withdrawal of preferential treatment ‘will hurt American businesses in Hong Kong’. Donald Trump signed the executive order this week in response to Beijing’s imposition of the national security law in Hong Kong

Tara Joseph, president at American Chamber of Commerce in Hong Kong, discusses how Hong Kong businesses are preparing for escalating tensions between the U.S. and China and their concerns over the national security law. She speaks on “Bloomberg Daybreak: Asia.” (Source: Bloomberg)

The recent introduction of a Hong Kong National Security law by Beijing authorities has placed a fresh international focus on Hong Kong’s unique “One Country, Two Systems” model and its future outlook.