Photo taken on May 6, 2020 shows the International Financial Centre (IFC), a landmark highrise in Hong Kong, south China. (Xinhua/Lo Ping Fai)
The national security legislation help restore social stability and recover economic development of Hong Kong under the principle of "one country, two systems," British bank HSBC said.
HONG KONG, June 4 (Xinhua) -- Various British banks and companies operating in China's Hong Kong Special Administrative Region have voiced support for the national security legislation for Hong Kong.
HSBC reiterated in a statement on Wednesday its respect and support for laws that help restore social stability and recover economic development of Hong Kong under the principle of "one country, two systems".
Citing a recent survey by the Hong Kong General Chamber of Commerce (HKGCC) and a statement by the Hong Kong Association of Banks, HSBC said the national security legislation is expected to strengthen investors' confidence in Hong Kong.
"HSBC also maintains that a stable environment is the key to Hong Kong's long-term economic recovery as an international financial center," said the statement.
HSBC Chief Executive Peter Wong has signed a petition in Hong Kong in support of the legislation, it said.
Standard Chartered said in a statement that the bank believes the national security legislation can help maintain the long-term economic and social stability of Hong Kong.
In an advertisement published on Wednesday in local newspapers, trading company Jardine Matheson said it believes that establishing a legal framework for safeguarding national security is very important as it can ensure continued investment in Hong Kong, promote employment and guarantee people's livelihood.
The group said it "has roots in Hong Kong and will continue to invest here."■
