Tag Archives: China

     â€‹The Secretary for Financial Services and the Treasury, Mr Christopher Hui, today (April 8) met with representatives from the financial sector at two briefing sessions over the improvements to the Hong Kong Special Administrative Region (HKSAR)’s electoral system, explaining and exchanging views with them on the amended Annex I to the Basic Law on Method for the Selection of the Chief Executive of the HKSAR and Annex II to the Basic Law on Method for the Formation of the Legislative Council of the HKSAR and its Voting Procedures as endorsed by the Standing Committee of the National People’s Congress (NPCSC).

     In the meetings, Mr Hui gave an overview on the objectives and highlights of the improvements to the electoral system. He reiterated that the NPCSC had exercised its legislative power to improve the electoral system of the HKSAR, and defined the institutional arrangement for the implementation of “patriots administering Hong Kong”.

     Mr Hui said, “We strongly believe that improving the electoral system can safeguard the overall interests of our society. With chaos halted and order restored, we will strive to achieve good governance for Hong Kong. The Financial Services and the Treasury Bureau will also spare no efforts in pushing ahead various policy initiatives for enhancing Hong Kong’s status as an international financial centre under the National 14th Five-Year Plan, for our better integration into the overall development of our country.”

     He added, “The improved electoral system will bring Hong Kong back on its right track, allowing our unique advantages under ‘one country, two systems’ to keep on developing the economy and improving people’s livelihood.” 
      
     Around 30 representatives mainly from the local, Mainland and overseas banking sector took part in the briefings today. They are happy to help the HKSAR Government provide more explanations for the community to understand the importance of “patriots administering Hong Kong” on enhancing the territory’s stability and prosperity.

     Also present at the briefings were the Permanent Secretary for Financial Services and the Treasury (Financial Services), Ms Salina Yan; the Under Secretary for Financial Services and the Treasury, Mr Joseph Chan; and the Political Assistant to the Secretary for Financial Services and the Treasury, Mr Julian Ip.

     Mr Hui will host three more sessions tomorrow (April 9) for stakeholders from the financial services sector and insurance industry, briefing them on the importance and urgency of improving Hong Kong’s electoral system and to secure their support.

        

     The Secretary for Home Affairs, Mr Caspar Tsui, today (April 8) held five briefing sessions and met with representatives of the New Territories Association of Societies, the Hong Kong Island Federation, as well as representatives of District Fight Crime Committees, District Fire Safety Committees and Area Committees of Eastern District, Tai Po District, North District and Kwai Tsing District to brief them on the amended Annex I to the Basic Law on Method for the Selection of the Chief Executive of the Hong Kong Special Administrative Region (HKSAR) and Annex II to the Basic Law on Method for the Formation of the Legislative Council of the Hong Kong Special Administrative Region and its Voting Procedures as approved by the Standing Committee of the National People’s Congress, and listen to their opinions.
 
     Mr Tsui said “patriots administering Hong Kong” is a natural and essential condition for the successful and faithful implementation of “one country, two systems”. Through improving the electoral system of the HKSAR, this principle can be fully implemented with institutional safeguards and the overall interests of Hong Kong’s society can be effectively safeguarded, which are conducive to the stable development of Hong Kong’s democracy.
 
     He appealed to the attendees to fully support and co-operate with the Government in the work of improving the electoral system, and said that he will continue to extensively explain the matters to the public such that various sectors of the community will have a better understanding on the improvements to the electoral system and will recognise the necessity and urgency of them.

      

The following is issued on behalf of the Hong Kong Monetary Authority:      The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by Citibank (Hong Kong) Limited relating to … read more

The following is issued on behalf of the Hong Kong Monetary Authority:      The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by Citibank, N.A. relating to phishing … read more

     The Secretary for Commerce and Economic Development, Mr Edward Yau, today (April 8) briefed representatives from the wholesale and retail sector on the amended Annex I to the Basic Law on Method for the Selection of the Chief Executive of the Hong Kong Special Administrative Region (HKSAR) and Annex II to the Basic Law on Method for the Formation of the Legislative Council of the Hong Kong Special Administrative Region and its Voting Procedures as approved by the Standing Committee of the National People’s Congress.

     At the meeting, Mr Yau reiterated the necessity and urgency of improving the electoral system, highlighting its importance to creating a stable business environment and ensuring Hong Kong’s prosperity and stability. He called on them to fully support the relevant amendments.

     Mr Yau stressed that by improving the electoral system, the excessive politicisation in society and the internal rifts that have torn Hong Kong apart can be effectively mitigated, thereby enhancing the governance capability of the HKSAR. The HKSAR will then be able to focus on addressing economic and livelihood issues, and developing the economy to achieve long-term prosperity and stability through leveraging its unique advantages and the staunch support of the Central Authorities.

     Mr Yau will conduct more briefing sessions in the coming days for textiles and garment, telecommunications, broadcasting, film and performing arts, and publishing sectors respectively on the relevant amendments.