To be sure, some analysts are less optimistic.
With the mainland unlikely to accede to activists' demands, Gillem Tulloch, Founder of GMT Research, fears that any escalation in protests will hurt Hong Kong's pro-business environment.
"Political risks have long been underestimated in Hong Kong. If [the situation] continues or deteriorates, it will put off businesses and undermine Hong Kong's fundamentals," Tulloch said.
Read MoreWill 'Occupy Central' hurt Hong Kong?
"The issue is getting very uncertain. Many protests in the past have been peaceful and I believe this one will be non-violent as well, but there may be complications. There's a possibility of a crackdown [for] it seems that Beijing will be tough when dealing with these democrats," Daiwa Capital Markets senior economist Kevin Lai said.
"This problem will go on and no one will benefit. It'll be a lose-lose situation, together with how Hong Kong's tourism and retail sales have been hit by China's anti-graft campaign," Lai added.
Declining retail sales have dogged Hong Kong for most of 2014 on the back of a sharp drop in spending by Chinese tourists who accounted for around three-quarters the city's visitors last year. The decline dragged the economy with growth slowing to a two-year low of 1.8 percent on-year in the second quarter from 2.6 percent in the first quarter.
Read MoreHongKong at risk oflosing retail rent crown
Hong Kong, a former British colony, returned to Chinese rule on July 1, 1997, under the formula of "One Country, Two systems" which promises the city wide-ranging autonomy. But tensions between the city of 7 million and the mainland escalated in recent months.
Despite attracting 800,000 people in an unofficial referendum in June, Occupy Central is failing to convince most of Hong Kong's middle class amid concerns about antagonizing China and disrupting business.
"To be honest, I feel that the majority of the Hong Kong people don't really care about [these protests] except that they are causing disruptions," 30-year-old sales executive Mr Leung told CNBC. "Going to work has been a hassle when these protests take place."
Read MoreSenior Chinese official in Hong Kong to defend ruling