“Removing the ability to connect equipment or install a system in CCS as this may have a negative impact on investment in technology and Hong Kong’s digital economy, which will reduce trust in service providers operating in Hong Kong,” Dr. Eden Wood, president of AmCham wrote in the letter.
The HKGCC raised similar concerns asking authorities to reconsider the proposed law and not impose “onerous or disproportionate compliance costs” on businesses given the current economic climate.
“Given the business impact of the proposed law, we suggest that consideration be given to the establishment of a balanced and balanced law, which is objective and risk-based, technology-neutral, and consistent with internationally recognized standards, in order to promote the trust of stakeholders. and support the city’s innovation and technological development,” Patrick Yeung, CEO at HKGCC wrote in a letter dated August 12.
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