Hong Kong fumbles its China extradition fix

The Hong Kong government will consider excluding some white-collar crimes from any agreement to hand over individuals to Taiwan, Macau and mainland China, according to comments from the president of the Chinese Manufacturers’ Association reported by the South China Morning Post on March 20.

Hong Kong has been considering changes to its extradition rules. The amendments, proposed by the city’s Security Bureau, would allow case-based co-operation with other jurisdictions, including mainland China. Some business groups, including the American Chamber of Commerce, have expressed “serious reservations” about the proposal in a submission to Hong Kong’s Secretary for Security John Lee, and said they would “undermine perceptions of Hong Kong as a safe and secure haven for international business operations”.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Crackdown on banks gives Hong Kong an IPO edgeUBS has been banned from leading market debuts for a year, and is part of a foursome paying $100 mln in fines for shoddy due diligence stretching back to 2009. As bourses fight to host a new wave of unproven startups, investors can take some extra comfort from the city’s aegis. ReutersBiz AlecMac11 As if the established companies are doing so well
Source: Breakingviews - 🏆 470. / 51 Read more »