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Lawmakers approved the bill at the closing meeting of a five-day bimonthly session of the National People's Congress Standing Committee.

LegCo President Andrew Leung Kwan-yuen said he was saddened by the chaos and called for a pragmatic approach to deliberating on the revision of law.

Last year, the country's services sector output increased 8 percent year-on-year, outperforming the national GDP growth rate of 6.9 percent, according to the National Bureau of Statistics.

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Lee made the comments during the opening day of Sinovation Ventures, where its top executives shared their views about potential investment trends in China next year.

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Lee has successfully transformed Samsung into a global electronics Titan and one of the world's largest producers of smartphones, televisions and memory chips.

Lau Siu-kai, vice-president of the Chinese Association of Hong Kong and Macao Studies, said most voters, affected by the protracted social unrest, this time were driven by the political turmoil and failed to discharge their duties in bringing benefits to the community.

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Lee said the first quarter this year is an event-driven low. "Investors should look beyond the near-term result season for Great Wall Motor's leadership in pickup trucks, no joint venture risks, key beneficiary of rural development, and the start of the joint venture with BMW," he said.

Legislators deliberated on draft amendments to laws including marine environment protection and cultural relics protection.