Victor Li, the elder son of Hong Kong tycoon Li Ka-shing, and the Hong Kong business community have voiced support for the national security legislation for the Hong Kong Special Administrative Region (HKSAR).

"Hong Kong is now in an atmosphere of political turmoil and business uncertainties," said Victor Li in an email sent through representatives of his property flagship CK Asset Holdings Ltd on Tuesday. "I hope the related draft can stabilize Hong Kong and help its society and economy return to normal."

Victor Li, who took over in 2018 as chairman of his father's sprawling empire spanning ports to telecommunications and retail, is also a political adviser of the 13th Chinese People's Political Consultative Conference (CPPCC).

The Hong Kong business community has said that establishing and improving the legal system and enforcement mechanisms for the HKSAR to safeguard national security is crucial to Hong Kong's long-term development as it helps stabilize its business environment and enhance investors' confidence.

The Chinese General Chamber of Commerce of Hong Kong, the Chinese Manufacturers' Association of Hong Kong, the Federation of Hong Kong Industries, the Hong Kong Chinese Enterprises Association and some other business chambers have issued statements, voicing support for deliberation of the draft decision on the national security legislation in the third session of the 13th National People's Congress (NPC).