Extraditions Over Economic Crimes The Norm: CE
"); jQuery("#212 h3").html("

"); });
2019-03-20 HKT 11:44
Chief Executive Carrie Lam refused to be drawn on Wednesday over whether the government will heed calls to exclude economic crimes from new legislation which will allow Hong Kong to surrender suspects to other jurisdictions on a case-by-case basis, noting only that it is normal to allow extraditions for such offences.
The issue was raised by pro-Beijing lawmaker Jeffrey Lam as the CE took part in a question-and-answer session in Legco.
He noted that the Business and Professionals Alliance he belongs to has repeatedly warned the administration that there is considerable opposition to the proposed legal changes among the business sector.
Business leaders have raised fears about executives being handed over to the mainland under the new legislation.
Replying to the legislator, Carrie Lam said Security Secretary John Lee had been speaking to various stakeholders in the past couple of days and she hadn't had much of a chance to talk to him about the matters raised.
"Please give us some time. When the secretary for security has done his rounds, we will be taking a very prudent and cautious approach and will give you a reply," the CE said.
But she also noted that economic crimes are already covered by the city's existing extradition treaties and the list of such offences has not been drawn up solely for the new legislation planned.
Earlier this month, former police chief Andy Tsang – a member of the Chinese People's Political Consultative Conference – suggested that the amendments proposed to the Fugitives Offenders Ordinance could be carried out in two phases so that economic crimes are initially excluded until a thorough public discussion has taken place.
On Tuesday, the Chief Executive said any such changes to the proposed legal amendments would be a matter for the security secretary to decide.
Jean-Louis Tse Appointed CEO Of FinTech Association Of Hong Kong
The FinTech Association of Hong Kong (FTAHK) has appointed Jean-Louis Tse as its new CEO. Jean-Louis brings over 20 yea... Read more
XTransfer To Present Compliance And SME Solutions At Hong Kong Fintech Week
XTransfer will participate in Hong Kong Fintech Week 2025 as the event’s Official Fintech Partner. This marks the sec... Read more
Hang Seng E-HKD Pilots Reveal Gains In SME Cash Flow And Efficiency
Hang Seng Bank has completed two use cases in Phase 2 of the e-HKD Pilot Programme under the Hong Kong Monetary Authori... Read more
FundPark Raises US$71M After Surpassing US$6B In ECommerce Financing
FundPark, a Hong Kong-based technology company providing financing solutions for eCommerce businesses, has raised US$71... Read more
Hang Seng Bank Launches “JustPay” With Voice Recording Payment Feature
Hang Seng Bank has introduced “JustPay”, an industry-first payment experience featuring a voice recording function.... Read more
How To Build An AI First Bank | Malaysia Banking CxO Roundtable
AI is changing banking faster than ever, from how banks detect fraud to how customers interact with apps. In this round... Read more