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Hong Kong leader to withdraw loathed extradition bill: reports
HONG KONG, Sept 4, 2019 (BSS/AFP) – Hong Kong’s embattled pro-Beijing
leader is planning to permanently shelve a loathed extradition bill on
Wednesday, local media reported, a potentially major concession to pro-
democracy protesters after three months of crippling demonstrations.
Carrie Lam, the city’s unelected chief executive, is expected the make the
announcement Wednesday afternoon, the South China Morning Post and the HK01
news website reported, citing sources.
The reports sparked jubilation on the city’s stock market, which soared
four percent in afternoon trade, as hopes rose that Lam and Beijing may
finally be willing to offer a political solution after weeks of refusing to
make any concessions.
News that some sort of announcement was due first began to emerge around
lunchtime on Wednesday when pro-establishment lawmakers said they had been
summoned to meet Lam.
One lawmaker, who asked to remain anonymous, told AFP their camp had been
asked to meet the city’s leader at 4pm (0800 GMT) ahead of an expected major
announcement.
Reports then emerged that a full withdrawal to the bill was on the cards.
“This gesture to formally withdraw is a bid to cool down the atmosphere,”
the South China Morning Post quoted one source as saying.
That speculation sparked a frenzy on the stock market which has been
battered by both China’s trade war with the United States and Beijing’s
refusal to find a political solution to the weeks of protests in the
international financial hub.
The blue chip Hang Seng index was up around four percent by the end of the
afternoon.
The city’s hugely influential property sector — which had tumbled more
than 20 percent since April — also saw massive gains with the HSI Property
Index jumping more than six percent after the reports.
– Beijing defiant –
Semi-autonomous Hong Kong has been hammered by three months of huge,
sometimes violent, protests that were initially sparked by a plan to allow
suspects to be extradited to the Chinese mainland.
The protests evolved into a wider democracy campaign involving clashes
between protesters and police, in the biggest challenge to China’s rule of
Hong Kong since its 1997 handover from the British.
For the last three months both Lam and Beijing have refused to compromise
beyond agreeing to suspend the bill, a move that fell far short of demands
that it be permanently withdrawn.
Hong Kong’s business community widely disliked the extradition proposal
and looked on aghast as the usually stable city became mired in increasingly
violent street battles between riot police and a minority of hardcore
protesters.
For much of the last three months Lam has struck a defiant tone, appearing
either unwilling or unable to make any concessions.
On Tuesday she insisted she had no plans to resign after an audio
recording emerged of her telling business leaders she wanted to quit but was
hamstrung by Beijing, which now viewed the protests as a national security
and sovereignty issue.
While a full withdrawal of the extradition bill early on in the protests
may have placated some protesters, the movement has since made many more
demands, including an independent inquiry into alleged police brutality, an
amnesty for those arrested and calls for Hong Kongers to be able to directly
elect their leaders — a major red line for Beijing.
Online message forums used by the largely leaderless movement to organise
were filled angry comments saying a withdrawal of the bill would not end the
protests.
“More than 1,000 people have been arrested, countless injured,” one widely
shared message on the Telegram messaging app read.
“Five major demands, not one less. Liberate HK, revolution now,” it added.
BSS/AFP/FI/ 1422 hrs