Hong Kong reels as Occupy protests intensify

HK leader CY Leung refuses to resign, worsening the standoff that threatens the city's business community.

Hong Kong's business community is waking up to fresh uncertainty on Friday after Occupy Central’s demands for Hong Kong leader CY Leung’s resignation were ignored.

The passing of the protest movement’s deadline Thursday night was met with a press conference at 11.30pm in which Leung refused to step down.

“I will not resign because I have to continue to do the work of Hong Kong electoral reform,” said Leung, adding he would appoint a senior official to open talks with the protesters.

He warned those gathered outside not to charge police lines or occupy government buildings, which the Occupy movement had threatened throughout...

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