Hong Kong leader says financial hub's strengths intact despite protests

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Hong Kong leader says financial hub's strengths intact despite protests
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HONG KONG: Hong Kong's strengths as a global financial hub have not been undermined by months of pro-democracy protests, the Chinese-ruled city's chief executive, Carrie Lam, said on Monday.

Protests in Hong Kong escalated in June over a since-withdrawn bill which would have allowed extraditions to mainland China, where courts are controlled by the Communist Party. They have since broadened to include demands such as universal suffrage.

She added she was confident the Asian financial hub will bridge divisions, and realise its goals of a reunited community and"flourishing" economy. Some financial firms have been caught in the middle, with branches of mainland banks repeatedly vandalised as protesters vented their anger at what they perceive as Beijing meddling in the city's affairs, an accusation denied by Beijing which blames the West for fomenting unrest.

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