Analyst Expects Voters To Lose Interest In Elections
"); jQuery("#212 h3").html("

"); });
2021-03-31 HKT 16:07
Political analyst Ma Ngok warned on Wednesday that Beijing’s overhaul of Hong Kong’s electoral system will make people far less interested in participating in elections, as they will doubt whether their votes still matter.
Ma, a Chinese University associate professor, said with people’s choice of candidates limited, there will be less interest than there was in the 2019 district council elections.
And, he said, with a historic low percentage of lawmakers elected by ordinary voters, public opinion will not be an important consideration when the government formulates policies.
Ma added that the pro-democracy camp may no longer mobilise professionals to take part in the race for seats on the election committee, which selects the chief executive and now has also been expanded and given the power to nominate all lawmakers and elect 40 of them.
District councillors, who accounted for 117 places in the election committee, will no longer be part of the expanded 1,500-member committee.
Pro-establishment heavyweight Lau Siu-kai said "mild democrats" or "loyal opposition" will have more opportunities in local politics, as the electoral changes only target those who are anti-China and want to ruin Hong Kong.
The vice-president of Beijing's top think tank on Hong Kong said it should not be too difficult for mild democrats to obtain nominations from the election committee because Beijing would want diversity in Legco.
Hong Kong's sole delegate on the country's top legislative body, Tam Yiu-chung, meanwhile, said there will be genuine competition in future elections, although the election committee will only be able to nominate a maximum of 150 lawmaker candidates for 90 seats.
He said eligible candidates will have to be of competence to be able to meet higher standards with more rounds of vetting.
ZA Bank Brings Nasdaq Data To Hong Kong, Expanding US Stock Access And Investor Education
ZA Bank and Nasdaq have announced a collaboration aimed at enhancing digital wealth management in Hong Kong and interna... Read more
Hong Kong To Study One‑Stop Infrastructure For Equities, Bonds And Digital Assets
The Hong Kong Monetary Authority’s (HKMA) CMU OmniClear and the Hong Kong Exchange (HKEX) are set to begin a study on... Read more
Hong Kong To Issue First Stablecoin Licenses In March, Expand Crypto Regulation
Hong Kong will issue its first licenses for fiat-referenced stablecoin issuers in March and introduce new legislation l... Read more
MSIG Joins US$6B IFC Credit Insurance Facility To Boost Emerging Market Lending
MSIG USA and Mitsui Sumitomo Insurance (MSI Japan), together referred to as MSIG, have joined a new insurance-ba... Read more
Why The $2 Trillion Stablecoin Prediction Is Too Low
McKinsey estimates the stablecoin market will hit $2 trillion by 2028. But according to Sam Lin, COO of dtcpay, even th... Read more
RedotPay Eyes US IPO With Potential US$1 Billion Raise
RedotPay is reportedly exploring an IPO in the US that could raise more than US$1 billion, according to people famili... Read more
