Bail hearing for Huawei CFO continues Monday

A bail hearing for Meng Wanzhou, chief financial officer of China's Huawei Technologies Co Ltd, was adjourned until Monday at 1:00 pm local time, after nearly six hours of arguments and counter-arguments with no decision reached.

Meng appeared in a court in Vancouver following her arrest in Canada at the request of US authorities.

Meng Wanzhou, 46, the daughter of Huawei's founder, was arrested as part of a US investigation on Dec 1 as she was changing planes in Vancouver, British Columbia.

"At the request of the US side, the Canadian side arrested a Chinese citizen not violating any American or Canadian law," read a statement by the Chinese embassy in Canada hours after Canada's Department of Justice announced the arrest of Meng on Dec 5.

It's reported that the 46-year-old is accused of breaking US sanctions on Iran and faces a possibility of an extradition to the US.

Huawei denied any wrongdoing by Meng. In a statement on Dec 6, the Chinese tech giant said the company complies with all applicable laws and regulations where it operates, including applicable export control and sanction laws and regulations of the US, the European Union and the United Nations.

The Chinese Ministry of Foreign Affairs confirmed Meng as a Chinese citizen on Friday, dispelling suspicions over Meng's citizenship.

"China provided Meng Wanzhou with consular assistance and demanded her immediate release. China has made its stance clear, demanding an immediate clarification of the reasons for detention," said spokesperson Geng Shuang.

Huawei is one of the largest telecommunications equipment and services providers in the world.