Hong Kong leader says China 'respects and supports' withdrawal of extradition bill

September 5, 2019 9:43 PM

In a press conference, Lam was repeatedly questioned on why it took her so long to withdraw the bill that would have allowed extraditions to mainland China despite increasingly violent protests, but she skirted the questions.She added that full withdrawal of the bill was a decision made by her government with Beijing’s backing.

Hong Kong’s Hang Seng Index HSI surged more than 4% to a one-month high ahead of the announcement. On Thursday, the market was up 0.4% by midday. Demonstrators were still calling for all demands to be met, with many placing emphasis on the independent inquiry. Lam said on Thursday that the independent police complaints council was credible enough to address the probe.

The announcement came after Reuters reports on Friday and Monday revealed that Beijing had thwarted Lam’s earlier proposals to withdraw the bill and that she had said privately that she would resign if she could, according to an audio recording obtained by Reuters.Skirmishes broke out in some districts including the working class Po Lam late on Wednesday after Lam’s announcement, which came after a weekend of some of the most violent protests the city has seen in the past three months.

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