Preferential position could be undermined by protests: ex-HK central bank chief


HONG KONG: A member of China's central bank advisory body warned on Wednesday that Beijing might punish Hong Kong if pro-democracy protests that have paralysed parts of the Chinese-controlled financial centre for a month are allowed to continue.

Joseph Yam, executive vice president of advisory body, China Society for Finance and Banking, and a former Hong Kong central bank chief, said the city's financial integrity and the stability of its currency were also at risk.

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