'Beijing Would Allow Watered-down Extradition Law'
"); jQuery("#212 h3").html("

"); });
2019-03-20 HKT 11:59
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.
SBI Holdings To Acquire Bitbank In US$289M Crypto Expansion
SBI Holdings has agreed to acquire Japanese crypto exchange Bitbank in a deal valued at approximately US$289 million, w... Read more
4 Ways Hong Kong Banks Fight Financial Crime Using AI, According To HKMA
The Hong Kong Monetary Authority (HKMA) wants banks to use AI in financial crime as a way to counter cyberattacks and s... Read more
Ripple Launches RLUSD Stablecoin In Japan Through SBI Group
Ripple has launched its US dollar-denominated stablecoin, Ripple USD, in the Japanese market. The expansion follows reg... Read more
SBI And Startale Launch Trust Bank-Backed Yen Stablecoin JPYSC In Japan
SBI Group has introduced its trust based stablecoin JPYSC in partnership with Singapore-based fintech company Startale ... Read more
Visa Study: Digital Wallets Lead Greater Bay Area Payment Preferences
Visa has released its latest Consumer Payment Attitudes Study, highlighting how payment seamlessness is linked to a shi... Read more
European And South Korean Banks Form Project Pangea For FX Settlement
Chainlink, South Korean infrastructure provider FairSquareLab, the Unified Korea Alliance (UniKA), and European stablec... Read more
