The chief of the professional body with more than 400,000 members and 135 years of history singled out the preservation of rule of law and an open and democratic society as factors determining the right plan for the chief executive election in 2017. At the moment, there is a lag of information internationally … but people will focus [closely] over the next 18 months, as Hong Kong starts to move towards 2017, he said. It depends on what Hong Kong wants for its future. We will watch how the government develops its electoral package and how the public reacts. If companies were to dilute their stakes in Hong Kong, the most likely benefactors would be Singapore or Shanghai, said Silkenat, who has been travelling to China on business since 1975. While Hong Kong had better regulatory schemes and strong, independent courts, Shanghai may offer better business opportunities, he added. The veteran lawyer said Hong Kongs better regulation meant it was still attractive to American law firms as a base for Asia.
Posted on: Wed, 06 Nov 2013 02:04:19 +0000
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