Tech giants warn proposed Hong Kong cyber rules could undermine digital economy

“Removing the power to connect equipment to or install program in CCS as this is likely to have a chilling effect on technology investment and Hong Kong digital economy, which will undermine trust in service providers who operate in Hong Kong,” Dr. Eden Wood, president of AmCham wrote in the letter.

The HKGCC has raised similar concerns asking the authorities to reconsider the proposed legislation and not to “impose unduly burdensome or disproportionate compliance costs” to businesses given the current economic climate.

“Given the business impact of the proposed law, we suggest that considerations be given to the introduction of balanced and proportionate legislation, which is principle and risk-based, technology-neutral, and aligned with internationally recognized standards, so as to promote stakeholder trust and support the city’s innovation and technology advancements,” Patrick Yeung, CEO at HKGCC wrote in a letter dated 12 August.