On Saturday, Beijing-backed Hong Kong leader Carrie Lam indefinitely delayed the extradition bill that makes people to be sent to Mainland China for trial, and also expressed "deep sadness and regret." However, some critics say that the delay is only a delaying tactic. Is it?
This article is for advanced Chinese readers. There is a good mix of vocabularies related to politics, riots, and finance inside the article. If the article is too hard, you can try reading the beginner and intermediate article for the protest topic.
On Sunday, nearly two million people walked into the streets of Hong Kong wearing black clothes, demanding the city's troubled leader to step down, and protesting against the police's suppression at the mass demonstrations on June 12.
On Saturday, Beijing-backed Hong Kong leader Carrie Lam indefinitely delayed the extradition bill that makes people to be sent to Mainland China for trial, and also expressed "deep sadness and regret."
Carrie Lam’s ability to lead the city was questioned. The "Civil Human Rights Front(CHRF)", the initiator of the two major demonstrations, responded to Lin Zhengyue's suspension of the amendment. At the entire press conference, she did not admit her mistakes and feel remorseful for "the amendment that can send people to Mainland China's law " and the police's violent suppression of the demonstration. She was asked 10 times whether she would step down, but she refused to respond positively.
The CHRF believes that Carrie Lam's act of suspending the amendments, and ignoring the public’s request to withdraw the regulations, is only a delaying tactic. At the press conference, she insisted to name the encirclement of the Legislative Council as a riot, and praised the police act of suppressing the demonstrators as inevitably right and proper. She also shunned the fact that the police used violence and murderous weapons to injure civilians, which really invites contempt. The CHRF condemned Carrie Lam for covering the police.
On Wednesday, police fired rubber bullets and tear gas at protesters near the financial center. Violent clashes became global headlines and forced some banks, including HSBC, to temporarily close their branches.
The proposed extradition law threatens the rule of law in Hong Kong and its international reputation as an Asian financial center. The Reuters reported that some Hong Kong tycoons have begun to transfer their personal wealth overseas.
Investor David Weber said in a Sunday newsletter that if Carrie Lam is a stock, he would recommend short selling with a target price of zero. Weber said: "She inevitably loses public trust." "Even though her supervisor in Beijing currently publicly expressed support for her, but they also kept a distance from her recent proposal."