The situation appears to be worsening in Hong Kong as reports have emerged of a protester being shot in the chest by police during yet another violent clash, as soldiers paraded for the 70th anniversary of Communist rule in China.

It is understood that this incident marks the first injury from a live round. UK foreign secretary, Dominic Raab called for de-escalation on both sides.

"Whilst there is no excuse for violence, the use of live ammunition is disproportionate, and only risks inflaming the situation.

“This incident underlines the need for a constructive dialogue to address the legitimate concerns of the people of Hong Kong. We need to see restraint and a de-escalation from both protestors and the Hong Kong authorities,” he said.

It is almost four months since protests erupted in Hong Kong, disrupting businesses and transport infrastructure in and around Central.

The nature and duration of the protests have sent ripples across a diverse range of sectors, with aviation, transportation and healthcare all revising their expectations for the coming months’ trading.

Disruption to operations at Hong Kong’s airport has been particularly impactful. More than 74 million passengers used the airport last year, and it handles 1,100 passenger and cargo flights each day, contributing an estimated five per cent to Hong Kong’s GDP directly and indirectly.

For more on the situation in Hong Kong and the impact on businesses, read CIR's latest analysis.

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