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Hong Kong leader offers talks with protesters

WATCH: A stark warning to the tens of thousands of protesters on the streets of Hong Kong: Stay away from government buildings or face the consequences. But, the pro-democracy demonstrators had their own ultimatum for the city’s leader. Chief Political Correspondent Tom Clark reports from Hong Kong.

HONG KONG — Hong Kong’s embattled leader offered Thursday to hold talks between his government and pro-democracy protesters, but said he will not accept their demand that he resign.

BLOG: Calm before the storm

Chief Executive Leung Chun-ying told reporters that he has asked the territory’s top civil servant to arrange talks with the protesters, who have been demanding electoral reforms. The massive street demonstrations are the biggest challenge to Beijing’s authority in Hong Kong since China took control of the former British colony in 1997.

The street protests are the biggest challenge to Beijing’s authority in Hong Kong since China took control of the former British colony in 1997.

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Leung made the comments in a news conference just minutes before a deadline that had been set by the protesters for him to step down.

READ MORE: Why the umbrella became a symbol of Hong Kong’s protests

Before his announcement, the heads of two major universities whose students have joined others in launching the protests appeared before a jittery crowd massed in front of the entrance to Leung’s office and appealed for calm.

During the day, the protesters prepared face masks and goggles while police brought in supplies of tear gas and other riot gear as tensions grew in an increasingly tense standoff outside the imposing government compound near the waterfront.

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WATCH: A sculpture made of umbrellas and metal barricades has been erected by student protesters near Hong Kong’s Government House

READ MORE: Hong Kong protests: Beijing won’t back down

Police warned of serious consequences if the protesters tried to surround or occupy government buildings. The protesters threatened to do so if Leung didn’t resign by the end of Thursday.

In his news conference, held just before midnight, Leung said the authorities would continue to tolerate the protests as long as participants did not charge police lines.

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