Home>Top Issues

HK ex-financial secretary: New chief needs to eye economy

Tuesday,Mar 21, 2017

From: China.org.cn

 

Antony K Leung, a former financial secretary of Hong Kong, delivers a speech in Beijing on Thursday, March 16, 2017. [Photo by Zhang Lulu/China.org.cn]


Antony K Leung, a former financial secretary of Hong Kong, said on Thursday in Beijing that the next chief executive of the Special Administrative Region (SAR), who is going to be elected in 10 days, needs to focus on economic growth and improving people’s well-being rather than underscoring politics.

Leung made the remarks during a seminar held by Beijing-based think tank, Center for China and Globalization, which he sits as the vice-chairman.

“I hope the next SAR government can focus on economic development and the improvement of people’s well-being, because the past five years have all been talks about politics and universal suffrage, while the economy and citizens’ well-being have failed to be addressed,” Leung said.

Hong Kong was plunged into chaos in 2014 when what’s called the Occupy Central movement took place there.

Leung, who was Hong Kong’s financial secretary from 2001 to 2003, said the city’s next chief executive needs to have better communication with Hong Kong citizens, convincing them that the Chinese central government means good for them.

He said he believes that the central government wants to continue with the “One Country, Two Systems” policy in Hong Kong, favoring Hong Kong without imposing the mainland’s political system on the city. Under the policy, Hong Kong, a former British colony, maintains its capitalist system and enjoys much autonomy.

This year marks the 20th anniversary of Hong Kong’s return to China. In the joint statement issued by China and Britain in 1984, China pledged that Hong Kong’s “previous capitalist system and life-style” remain unchanged for 50 years after its return. Leung said that the following decade is critical as it will decide where the city is heading for the next 30 years to come.

He said Hong Kong, especially its young people, has been faced with three problems, namely, unaffordable housing, fewer opportunities for social mobility and inadequate involvement in policy-making.

He suggested the next SAR government increase public housing, continue building on its existing advantages while working more closely with the Chinese mainland in addition to involving more young people into the city’s policy-making.

 

From China.org.cn, March 17, 2017

 

  • Top 10 international talents’ favorite regions in China

    Shanghai is the most favorite Chinese city for international talents, followed by Beijing, South China’s Guangdong province and East China’s Jiangsu province, according to a report on regional international talent competitiveness released on Monday. The report was conducted and released by the Center for China and Globalization (CCG) and the Southwestern University of Finance and Economics’ Institute of Development Studies.

  • Victor Gao: New agriculture, countryside and farmers in China

    The CPC Central Committee’s first document in 2018 is detailed, comprehensive, and extraordinary, providing a new roadmap for reinvigorating the countryside and incentivizing the farmers.

  • CCG’s New Report Maps Out Paths to Realise Win-win International Cooperation through B&R

    CCG’s New Report Maps Out Paths to Realise Win-win International Cooperation through B&R     PDF Download On the eve of the Belt and Road Forum for International Cooperation in Beijing, the Centre for China and Globalization (CCG) released a…

  • Trump’s visit to China to yield significant outcomes

    U.S. President Donald Trump’s first state visit to China is an historic opportunity to boost cooperation between the world’s two largest economies, and a chance to tackle the problems that dampen bilateral ties, said experts.

  • Beijing ’should mark’ Trump’s words

    US president Donald Trump’s latest accusation that China is causing massive American factory closures should be a signal for the Chinese to be vigilant, mainland trade experts say.