Hong Kong leader Carrie Lam will reportedly announce the withdrawal of a contentious extradition bill that has sparked months of mass protests and dampened investor sentiment.
According to the South China Morning Post and other local media reports, Lam is due to make the announcement on Wednesday.
CNBC sources confirmed that Lam will be calling for an urgent meeting with pro-Beijing supporters on Wednesday, but the agenda has not been confirmed.Mai Shangmin | China News Service | Visual China Group | Getty Imagesleader Carrie Lam will reportedly announce the withdrawal of a contentious extradition bill that has sparked months of mass protests and dampened investor sentiment.
According to the South China Morning Post and other local media reports, Lam is due to make the announcement on Wednesday. CNBC sources confirmed that Lam will be calling for an urgent meeting with pro-Beijing supporters on Wednesday, but the agenda has not been confirmed.The proposed bill would have allowed people in Hong Kong to be extradited to mainland China for trial. Lam suspended the bill in July, but protesters have not backed down.
Hong Kong was a British colony until 1997, when it became a special administrative region of China under the "one country, two systems" framework which allows the territory a certain degree of legal and economic autonomy. There are rising concerns among the ct the territory's citizens are now concerned that their civil rights are being eroded under Beijing's rule.
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