Hong Kong leer Carrie Lam will on September 4 anunce formal withdrawal of a proposed extrition bill that started three months of protests. withdrawal of bill, which would have permitted Hong Kong residents to be sent to mainland China to face trial, is one of main concerns of pro-democracy protesters who have plunged former British colony into its deepest crisis in deces. According to a foreign media report, Lam is slated to meet members of her cabinet and pro-Beijing lawmakers as she has been facing pressure to withdraw bill.

Consequences of withdrawal 

dissents in previous British province started in June over bill, which would have allowed extrition in mainland China where courts are constrained by Communist Party, however, have since vanced into a push for a more democratic government. Hong Kong's benchmark Hang Seng Index increased on Sensex after report, tring up to 3.3%. property index ditionally displayed an increase of 6 percent. withdrawal of draft legislation was seen as of protesters' key demands. Lam has said before that bill was "de" but she did t execute withdrawal.

decision will mean that pro-China government is finally acceding to one of five demands of protesters, who took to streets over past 13 weeks to voice ir opposition to legislation and governance of city.

protestors have been demanding formal withdrawal of bill as well as setting up of a commission of inquiry to investigate police conduct in tackling protests. y also demanded amnesty for those who have been arrested and restart city's stalled political reform process.

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"One country, two systems"

Hong Kong was returned under China under a "one country, two systems" formula. This equation enables it to keep opportunities t enjoyed in mainland China. se opportunities are  freedom to protest and an independent legal system. Subsequently, re was an outr at extrition bill and witnessed increasing influence by Beijing over protestors. 

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Concern for national security

A global media report suggested that Lam in a statement told business leers that she has caused "unforgivable havoc" by bringing extrition bill and that if a choice is given she would apologize and resign from her post. This was revealed in a leaked audio recording.  unrest and consistent protest have become a concern for  national security and sovereignty issue for China. Lam ackwledged that she has a “very limited” room left to resolve issue. One cant deny that this crisis arises in midst of rising strains with United States. Lam's comments are reliable with a media report distributed on Friday that uncovered how leers in Beijing were equately giving orders on taking care of emergency. 

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 (With inputs from ANI)