Big Four accounting firms call for restoration of social order in Hong Kong
Updated 11:13, 23-Aug-2019
The Big Four accounting firms – KPMG, Ernst & Young (EY), Deloitte and PricewaterhouseCoopers (PwC) – have voiced opposition against the violence of some protests in Hong Kong. They call for the restoration of the social order in the city and to defend Hong Kong's status as a global financial hub.
"We firmly oppose any action and statement that challenge national sovereignty. The rule of law and the 'One Country, Two Systems' principle are the foundations to maintaining stability and harmony in Hong Kong," the statement of PwC said.
PwC said: "We condemn all violent and illegal activities, and misleading statements," adding that "We urge the society of Hong Kong to work together to address the challenges ahead, and safeguard the stability and prosperity of Hong Kong."
"The rule of law, stability, as well as quality and professional financial services are very important in maintaining Hong Kong's status as a global financial hub and the city's economic development," Raymund Chao, chairman of PWC Greater China said.
Deloitte said the recent escalation of tension and conflict in Hong Kong has caused significant disruptions to the society and has affected the livelihood of many in Hong Kong.
"We do not condone any form of violent or illegal behavior and hope social order will be restored soon through mutual, peaceful dialogue and cooperation of all parties concerned," it said in the statement.
Expressing confidence that Hong Kong will be able to resolve its current difficulties, Deloitte said it is committed to supporting Hong Kong, as part of China, as Hong Kong continues to build on its success as an international financial center predicated on the "One Country, Two Systems" concept, underpinned by the Basic Law.
Voicing opposition to all illegal and violent acts, KPMG said it hopes that Hong Kong, as one of the most important financial centers in the world, will maintain peace, tranquility, prosperity, and stability under the rule of law and the "One Country, Two Systems" principle.
Strongly condemning the violence and illegal acts that have taken place in recent weeks throughout Hong Kong, the statement of EY said: "Hong Kong's long-term stability and success as an international financial center is premised on the fundamental guiding principle of 'One Country, Two Systems' and the rule of law."
"EY calls for a swift return of Hong Kong to a peaceful community with stable law and order for the good of all people in Hong Kong," it said.