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Norman Chan, the head of the Hong Kong Monetary Authority, said a continuation of the pro-democracy protests may dent the citys financial stability, as demonstrations entered a sixth week.

A peaceful end to the protests will be key for foreign investors, Chan told reporters today before joining a delegation to the Chinese capital of Beijing to meet regulators.

Protest leaders are debating their next move after talks with the government yielded no solution to the biggest challenge to Chinas sovereignty of Hong Kong since the city was returned from colonial rule in 1997. While the economy has so far shrugged off the protests, Chan joins other public officials in warning about the impact of a prolonged standoff that has seen roads blockaded in parts of the city.

Hong Kongs Autonomy

If the movement continues for a much longer time, then it may impact social stability and undermine rule of law in Hong Kong, Chan said. It may have a very negative impact on financial stability as well as Hong Kongs position as an international financial center.

Charles Li, the chief executive officer of Hong Kong Exchanges and Clearing Ltd., said Oct. 26 that he wouldnt be surprised if the protests were among factors behind the wait for the regulatory approval of a stock market trading link with Shanghai.

John Tsang, Hong Kong's financial secretary, wrote on his blog that he hopes protesters dont hold a destroy first, then rebuild later attitude to deal with political reform. Close

John Tsang, Hong Kong's financial secretary, wrote on his blog that he hopes protesters... Read More

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John Tsang, Hong Kong's financial secretary, wrote on his blog that he hopes protesters dont hold a destroy first, then rebuild later attitude to deal with political reform.

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Hong Kong Finance Chief Scolds Protesters as They Plan