'Extradition Plan Making Business Sector Jittery'

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

Related News Programmes

"); });

2019-03-07 HKT 12:50

Share this story

facebook

  • Lawmaker Felix Chung says as commercial laws in other jurisdictions are vastly different, it puts businessmen at risk. File photo: RTHK

    Lawmaker Felix Chung says as commercial laws in other jurisdictions are vastly different, it puts businessmen at risk. File photo: RTHK

Liberal Party leader Felix Chung has called on the Carrie Lam administration to exclude economic crimes from its controversial plan to amend the Fugitive Offenders Ordinance, saying the proposed move is making the business community here "very uncomfortable".

The government's plan will allow Hong Kong to hand over suspects wanted in any jurisdiction, including the mainland.

Chung said the local business sector is very concerned about the administration's proposal as it also includes people wanted for economic crimes.

He said commercial laws in other jurisdictions are vastly different, and business people could easily breach the laws in those areas without even realising it.

The lawmaker said it is easy to understand if the extradition is regarding serious crimes such as murder.

"The whole bill is going to cover 46 different areas, which include the commercial side, which can cover a very wide range of what they call crimes. So the business sector [has] very uncomfortable feelings," the lawmaker said.

Chung's comments came after the American Chamber of Commerce made a submission to the Security Bureau, expressing "serious reservation" about the proposal because it "substantially expands the possibly of arrest and rendition" to the mainland, which it says has a flawed criminal process.

In its submission to Security Secretary John Lee and made public by lawmaker Claudia Mo, the chamber had raised concern that the changes proposed also put business executives residing in or passing through the SAR under risk of arrest and rendition to the mainland.

Such a situation would make companies rethink plans to retain or select Hong Kong as a base, it warned.

The Amcham submission also said that the "mainland legal system is often abused to criminalise often what are essentially commercial disputes between foreign and local business interests".

RECENT NEWS

OKI And Hitachi To Launch Joint Venture For ATM And Automated Equipment In October

OKI, Hitachi, and Hitachi Channel Solutions have announced that they have reached agreements to integrate their automat... Read more

The Race For Hong Kongs First Stablecoin Licenses Is Almost Over

I’ve been refreshing the Hong Kong Monetary Authority’s register of licensed stablecoin issuers frequently over the... Read more

HTF Securities And Alchemy Pay Expand Hong Kong Type 1 License For Virtual Assets

Alchemy Pay has announced that, in partnership with HTF Securities Limited, it has successfully expanded HTF Securities... Read more

Ping An Digital Bank Rebrands As Deposits Exceed HK$12 Billion

Ping An Digital Bank has introduced a new brand identity, aligning more closely with its parent, Ping An Insurance. The... Read more

Futus PantherTrade Launches Full-Scale Licensed Operations In Hong Kong

Futu has announced that its wholly-owned virtual asset trading platform, PantherTrade, has begun full-scale licensed op... Read more

Mastercard Enables AI Agent To Complete Live Ride-Booking Payment In South Korea

Mastercard has completed a live, authenticated agentic transaction in South Korea, marking a key development in AI-powe... Read more