'Beijing Would Allow Watered-down Extradition Law'

"); jQuery("#212 h3").html("

Related News Programmes

"); });

2019-03-20 HKT 11:59

Share this story

facebook

  • NPCSC member Tam Yiu-chung says he doesn't think it's a big deal to exclude economic crimes from proposed changes to extradition laws. Photo: RTHK

    NPCSC member Tam Yiu-chung says he doesn't think it's a big deal to exclude economic crimes from proposed changes to extradition laws. Photo: RTHK

National People’s Congress Standing Committee member Tam Yiu-chung said on Wednesday that he believes the central government does not have a strong view on whether white-collar crimes should be covered under proposed changes to the SAR's extradition laws.

The legal amendments planned would allow the government to arrange one-off extradition deals with places Hong Kong doesn't have a formal treaty with.

But local business leaders are calling on the administration to leave out economic offences, over fears executives could find themselves surrendered to mainland authorities.

Tam said past experience shows that Beijing is willing to listen to Hong Kong people’s views, citing recent decisions on income tax and foreign investment as examples.

Therefore, he said, if there are a lot of concerns about economic offences being included under the planned law changes, it would not be "a big deal” for the SAR government to “slightly narrow” the scope of the amendments.

RECENT NEWS

OCBC Plans Hong Kong Wealth Expansion With Up To 50 New Bankers

OCBC is expending its wealth management team in Hong Kong by 30% this year to meet growing regional demand for investme... Read more

Hana Financial To Acquire US$669M Stake In Dunamu, Deepening Crypto Push

Hana Financial Group has agreed to acquire a 6.55% stake in digital asset operator Dunamu. The transaction is valued at... Read more

Reap And TerraPay Partner To Expand Cross-Border Payouts Via Local Payment Rails

Reap has partnered with TerraPay to expand its cross-border payout network using domestic clearing systems. The integra... Read more

Tencent Fintech And Cloud Services Lift Q1 2026 Revenue 9% To US$8.68 Billion

Tencent reported a 9% increase in revenue from its fintech and business services division for the first quarter of 2026... Read more

Ant Group Profit Falls An Estimated 79% As AI And Payments Spending Rises

Ant Group saw an estimated 79% decline in quarterly profit as the company accelerates its spending on AI, large languag... Read more

Alibabas Cloud Revenue Jumps 40% As AI Investments Pressure Profitability

Alibaba Group has released its financial results for the quarter and fiscal year ending 31 March 2026, reporting a 3% a... Read more