Reform poll hits 750,000 votes as accounting firms condemn Occupy Central

The city's four biggest accounting firms have joined in a statement condemning Occupy Central for its planned civil disobedience action.

The so-called Big Four - Ernst & Young, KPMG, Deloitte and PricewaterhouseCoopers Hong Kong - said they opposed the pro-democracy movement for its potential "adverse and far-reaching impact" on the local legal system, social order and economic development.

The accounting firms claimed that multinational corporations and investors might move their regional headquarters out of the city or even withdraw their business because of the instability created.

"The Central district has been the heart of the city's commercial activities," they said in the joint statement. "We believe that once the Occupy Central movement takes place, commercial institutions such as banks, the stock exchange and the stock market will inevitably be affected, causing delays to transactions and business activities, which will in turn give rise to market instability and chaos, resulting in [severe] economic and social damage that can hardly be quantified."

If firms relocated or withdrew, "that would weaken the competitiveness of Hong Kong even further and would create a more difficult environment for our next generation", they said.

The statement was published in Chinese-language newspapers , the and the yesterday, as participation in Occupy's unofficial referendum on electoral reform - which began on June 20 - passed 750,000.