Professor Ho-Fung Hung said an amendment to Hong Kong law may damage the city's reputation as a financial center and its special status with Washington.
The mass political demonstration has already had an impact on business in the city.
Beyond just the effects of this week, the mass political demonstration has raised long-term concerns about the future of doing business in the territory.released a statement Those "new arrangements," according to the chamber, "will reduce the appeal of Hong Kong to international companies considering Hong Kong as a base for regional operations."
That sentiment was echoed by Ho-Fung Hung, a professor in political economy at Johns Hopkins University. Speaking with CNBC's "Street Signs" on Thursday, he said an amendment to the extradition policy could jeopardize not only the territory's reputation as a financial center but also its special economic status with Washington.
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