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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.

For more than 50 years, the American Chamber of Commerce has been committed to preserving Hong Kong’s stature as an international business center, and has worked with and supported the Hong Kong SAR government in the development of a world class business hub incorporating the shared values of rule of law, free flow of information and connectivity across the globe.

Colliers has released its latest Flash Report, “After Covid-19: New Trends of the Hong Kong Office Market”. This report looks at ‘recentralisation’ opportunities, the new role of technology and workplace wellness becoming an expectation, not a value-add strategy.

AmCham has taken a temperature testing survey to see how these announcements are affecting their view of the financial and services hub and their presence in the city.