Extraditions Over Economic Crimes The Norm: CE

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

Related News Programmes

"); });

2019-03-20 HKT 11:44

Share this story

facebook

  • Extraditions over economic crimes the norm: CE

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.

RECENT NEWS

Hong Kong Fund Industry May Double With Tokenised Finance And 24/7 Trading Access

Hong Kong could potentially double the size of its fund industry by moving from legacy infrastructure to token-based fi... Read more

HKMA Alerts Public To Scam Website And Login Screens Posing As Official Site

The Hong Kong Monetary Authority (HKMA) has issued a public alert regarding a fraudulent website and online login scree... Read more

Hong Kong Fintech Promotion Blueprint Indicates 4 Incoming Flagship Projects

The Hong Kong Monetary Authority (HKMA) released the Hong Kong Fintech Promotion Blueprint on 3 February 2025, which sh... Read more

Visa To Enable Cross-Border Payments To 95% Of UnionPay Cardholders In China

At Web Summit Qatar, Visa and UnionPay International (UPI) announced an agreement to enable cross-border money transfer... Read more

HKMA Launches Fintech Blueprint With AI, DLT, Quantum And Cybersecurity Focus

The Hong Kong Monetary Authority (HKMA) published a Fintech Promotion Blueprint to support responsible innovation and f... Read more

How Gaming Giants Are Redefining The Experience Of Paying

Gaming isn’t just a hobby; it’s a global infrastructure challenge. In this episode Vincent Fong (Chief Editor, Fint... Read more