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China could "punish" Hong Kong

Ex-Hong Kong central bank chief warns against allowing protests to continue

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Published Wed, Oct 29, 2014 · 09:50 PM

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Hong Kong

A MEMBER of China's central bank's advisory body has warned on Wednesday that Beijing will 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 stability of its currency were also at risk.

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