Riot police aim at protesters outside Mong Kok police station during a mod protests in Hong Kong on Wednesday, Sept. 4, 2019. Hong Kong Chief Executive Carrie Lam has announced the government will formally withdraw an extradition bill that has sparked months of demonstrations in the city, bowing to one of the protesters' demands. The bill would have allowed Hong Kong residents to be sent to mainland China for trials. It sparked massive protests that have become increasingly violent and caused the airport to shut down earlier this month. (AP Photo/Jae C. Hong)

Riot police aim at protesters outside Mong Kok police station during a mod protests in Hong Kong on Wednesday, Sept. 4, 2019. Hong Kong Chief Executive Carrie Lam has announced the government will formally withdraw an extradition bill that has sparked months of demonstrations in the city, bowing to one of the protesters' demands. The bill would have allowed Hong Kong residents to be sent to mainland China for trials. It sparked massive protests that have become increasingly violent and caused the airport to shut down earlier this month. (AP Photo/Jae C. Hong)

HONG KONG (AP) — Hong Kong leader Carrie Lam withdrew the extradition bill that sparked months of demonstrations, bowing to one of the protesters’ demands in the hope of ending the increasingly violent unrest.

But activists rejected Wednesday’s move as insufficient and vowed not to yield until the government accepts other demands including an independent investigation into alleged police brutality against protesters, the unconditional release of those detained and democracy.

The bill would have allowed Hong Kong residents to be sent to mainland China for trials. It has prompted massive protests since June that have disrupted transportation links around the city and at its international airport.

Lam said the government would not accept the other demands, and instead named two new members to a police watchdog agency investigating police misconduct.

“The government will formally withdraw the bill in order to fully allay public concerns,” she said in a recorded television message.

Lam said the persistent violence is damaging the rule of law and that challenges to the “one country, two systems” framework under which the former British colony returned to Chinese control in 1997 had put Hong Kong in a “highly vulnerable and dangerous situation.”

“Our foremost priority now is to end violence, to safeguard the rule of law and to restore order and safety in society,” she added, vowing to “strictly enforce the law against all violent and illegal acts.”

Lam said it was clear that public frustration has gone far beyond the bill and that her government will seek a dialogue with aggrieved groups to address their discontent. She said she will also invite community leaders, professionals and academics to examine and advise the government on how to resolve deep-seated problems in the society.

“Let’s replace conflicts with conversations, and let’s look for solutions,” she said.

Some lawmakers and activists said the move was too little, too late.

A youth activist who identified herself only as Chan and wore a helmet and scarf to shield her identity told a news conference that protesters “would not back down, not even one step” until their other demands are met.

“If Carrie Lam had withdrawn the bill two months ago, that would have been a quick fix but to apply a bandage onto rotten flesh, that simply won’t cut it,” she said.

Prominent youth activist Joshua Wong said the government in Beijing hopes to cool the protests ahead of China’s National Day on Oct. 1.

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“I hope the people in China can understand that democracy, freedom and human rights are universal values that Hong Kong people are fighting for,” he told journalists before a forum in Taipei, Taiwan, where he is visiting.

“We will continue to fight for it. I hope there is one day that Hong Kong and even China would become a place where people can enjoy democracy and freedom.”

Pro-democracy lawmaker Claudia Mo mocked Lam’s bid to seek dialogue to address public grievances.

“She has been fast asleep these three months, this is just absurd,” Mo said. “The scars and wounds are still bleeding, and she thinks she can just use some garden hose to put out the hill fire.”

Pro-establishment lawmaker Starry Lee, however, urged protesters to accept the government’s olive branch so the city can move forward.

The Hong Kong stock market soared 4%, boosted by reports of the bill’s withdrawal.

Lam, who was elected as the city’s chief executive by a pro-Beijing committee of Hong Kong elites, has come under withering criticism for pushing the extradition bill. Many in Hong Kong see it as an example of the city’s eroding autonomy since the former British colony returned to Chinese control in 1997.

Clashes between police and protesters have become increasingly violent, with demonstrators throwing gasoline bombs and rods at officers in protests last weekend. Authorities in turn have employed water cannons, tear gas, rubber bullets and batons.

The mostly young protesters say a degree of violence is necessary to get the government’s attention after peaceful rallies were futile. Chinese officials have warned that Beijing will “not sit idly by” if the situation worsens.

The prolonged protests have hurt Hong Kong’s economy amid a slowdown in the Chinese economy and its trade war with the United States.

Hong Kong and foreign companies have also been under intense pressure to support China’s ruling Communist Party against the protesters.

Hong Kong’s Cathay Pacific Airways said its chairman, John Slosar, resigned Wednesday, less than a month after its CEO, Rupert Hogg, stepped down following pressure by Beijing over participation by some of the carrier’s employees in protests.

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Associated Press journalists Joe McDonald in Beijing, Eileen Ng in Kuala Lumpur, Malaysia, and Johnson Lai in Taipei, Taiwan, contributed to this report.