China plans to replace Hong Kong leader Lam with 'interim' chief executive: FT

Lam has become a lightning rod for protests over fears that Beijing is tightening its grip, limiting the freedoms enjoyed under the "one country, two systems" principle enshrined when colonial ruler Britain handed Hong Kong back to China in 1997. Sources told the FT that officials in China want the situation in Hong Kong to stabilise before making a final decision, as they do not want to be seen to be giving in to violence. The leading candidates to succeed Lam include Norman Chan, the former head of the Hong Kong Monetary Authority, and Henry Tang, who has also served as the territory's financial secretary and chief secretary for administration, the report said.

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