Some Hong Kong tycoons have started moving personal wealth offshore amid concerns over the legislation. Taiwan, overwhelmingly opposed to a “one country, two systems” formula for itself, has voiced support for Hong Kong. The extradition bill is the latest in a string of issues that have troubled ties between Hong Kong and Beijing, with Hong Kong people increasingly upset by an inflow of Chinese immigrants and sky-high property prices partly pushed by mainland investors. “It’s a democratic beacon for Hong Kong,” Cheng Chung-man, a 32-year-old who works for a lawmaker in Hong Kong’s Legislative Council, told Reuters of Taiwan at Sunday’s rally. “It gives Hong Kong people hope.”

Source: bd News24 June 18, 2019 11:37 UTC