Singapore is concerned about the situation in Hong Kong and hopes the financial hub could “settle down to a new normal,” Prime Minister Lee Hsien Loong said.

“We watch carefully and with some concern what’s happening in Hong Kong,” Lee said in an interview with Bloomberg News Editor-in-Chief John Micklethwait at the New Economy Forum. “That something was going to happen -- was very much on the cards -- and could not have been avoided because the demonstrations and the expressions of defiance could not have carried on indefinitely, certainly not to the end of ‘one country, two systems’ in 2047.”

Lee’s comments came after China’s top legislative body last week passed a resolution allowing for the disqualification of any Hong Kong lawmakers deemed insufficiently loyal. Chief Executive Carrie Lam’s government immediately disqualified four legislators, prompting the remaining 15 opposition members in the 70-seat Legislative Council to resign.

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