Hong Kong leader Carrie Lam says the extradition bill is 'dead'
Not forex but a headline that'll be of interest to our HK traders.
Carrie Lam is a Hong Kong Chief Executive
The announcement comes after weeks of huge sustained protest in Hong Kong. The extradition, Fugitive Offenders and Mutual Legal Assistance in Criminal Matters Legislation (Amendment) Bill was proposed by the Hong Kong government. Concerns arose that the legislation would blur the demarcation between the legal systems in Hong Kong and mainland China. Potentially subjecting Hong Kong residents and those passing through the city to de facto jurisdiction of courts controlled by the Communist Party of China.