Ex-HKMA chief: China may punish Hong Kong for protests

Protests may affect Hong Kong's status as financial centre

joseph-yam
Joseph Yam

Hong Kong might see its role as China's main offshore centre diluted if the pro-democracy protests do not end shortly, according to Joseph Yam, a former chief executive of the Hong Kong Monetary Authority (HKMA).

Yam, who is also a member of a body that advises the People's Bank of China, said Hong Kong's economic prosperity had been built on its role as an intermediary between the mainland and the rest of the world.

"[When] the intermediary is uncooperative, unreliable, trouble-making, the

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