Beijing Doesn't Owe HK Universal Suffrage: Carrie Lam
"); jQuery("#212 h3").html("

"); });
2021-11-25 HKT 17:57
Chief Executive Carrie Lam said on Thursday that it would be wrong for people to think that Beijing owes Hong Kong people universal suffrage.
Delivering a live-streamed lecture to teachers involved in citizenship and social development lessons, Lam said while the central government is very sincere in promoting democratic development in Hong Kong, the Basic Law states that selecting the chief executive by universal suffrage is only the ultimate aim.
"In recent years, many people pursuing so-called democracy would say that the central government owes us, if the CE is not chosen by one person, one vote. This concept is wrong," she said.
"Do you remember who Hong Kong's leader was before 1997? It was the governor sent by the UK government. Did we have an election or consultations, or did they ask Hongkongers? No. So this executive-led system headed by the chief executive is not something new... The Basic Law just continues that executive-led system."
Lam added that the idea of having civic nomination for CE candidates is unacceptable, since it is inconsistent with the Basic Law.
During her speech, Lam also said the SAR government and the education sector had not taught people about One Country, Two Systems well enough in the past, leading to misunderstandings about basic principles.
People who pit one country against two systems endanger national security, as well as Hong Kong's long-term prosperity and stability, she added.
Ant International And Bank Of China Partner To Enhance Cross-Border Payment Connectivity
Ant International and Bank of China (Hong Kong) (“BOCHK”) announced a partnership which leverages BOCHK’s banking... Read more
BitGo Korea Gets Green Light For Virtual Asset Custody, Backed By SK Telecom
BitGo Holdings, Inc. (BitGo) announced that its subsidiary, BitGo Korea, Inc. (BitGo Korea), received its Virtual Asset... Read more
Webinar: When Account Takeover Moves Past Onboarding
Account takeover shows why fraud risk cannot be treated as an onboarding problem. Fraudsters are using stolen credentia... Read more
JCB To Trial Stablecoin Payments In Japan With Digital Garage And Lawson
JCB Co., Ltd. (JCB), Digital Garage, Inc. (Digital Garage), and Lawson, Inc. (Lawson) announced that they have jointly ... Read more
Bonnie Chan To Lead HKEX Until Feb 2030 After Securing Second Term
The HKEX Board of Directors has approved the renewal of the employment contract of Hong Kong Exchanges and Clearing Lim... Read more
Ripple Signs Its First Korean Regional Bank In Cross-Border Remittance Deal
Ripple, a blockchain-based enterprise solutions provider for traditional and digital finance, announced a partnership w... Read more