'Beijing Is Trying To Save One Country, Two Systems'

"); jQuery("#212 h3").html("

Related News Programmes

"); });

2021-02-23 HKT 12:08

Share this story

facebook

  • 'Beijing is trying to save One Country, Two Systems'

Chief Executive Carrie Lam said on Tuesday that the central government has to get involved in solving Hong Kong’s political problems to ensure that “One Country, Two Systems” can continue.

She was commenting on remarks made by the head of Beijing’s Hong Kong and Macau Affairs Office, Xia Baolong, who said the territory's electoral system needs to be reformed to make sure that the SAR’s leadership is composed only of “staunch patriots”.

The CE noted that Xia had cited a series of issues in Hong Kong over the years, including the government's failed attempts to introduce national security legislation under Article 23 of the Basic Law, the Occupy Central movement in 2014 and the social unrest of 2019, saying these problems had left the central government very worried.

“How did we come to this stage that the central government has to solve problems regarding Hong Kong’s political and electoral systems?...Whenever some controversial issues emerged, some people would incite hatred against the central government,” she said.

“The central government is very worried and that’s why it has to solve the problems to prevent the situation from worsening to a point where the ‘One Country, Two Systems’ principle can no longer be implemented in Hong Kong.”

RECENT NEWS

Ripple GSmart Delivers Treasury-Native AI That Supports Human Control

Ripple has announced an expansion of GSmart, the treasury-native AI capabilities which are built into Ripple Treasury. ... Read more

Pam Kaur To Stay On As HSBC Adviser After Leaving Group CFO Post

Pam Kaur, HSBC‘s Group Chief Financial Officer, plans to leave the role in 2027. She will not stand for re-election a... Read more

HKMA, HKEX, Nasdaq Dubai And DFSA Establish Strategic Working Group

The Hong Kong Monetary Authority (HKMA), Hong Kong Exchanges and Clearing Limited (HKEX), the Dubai Financial Services ... Read more

Unlimit Secures Hong Kong Money Service Operator License

Global financial infrastructure company Unlimit has secured a money service operator license from the Hong Kong Customs... Read more

Reap Launches Virtual Asset Ledger For Direct Crypto Card Payments

Reap has launched a Virtual Asset Ledger that allows clients of its card issuing platform to fund card spending directl... Read more

Citi To Launch Instant Blockchain Cross-Border Payments In Japan

Citi plans to launch a blockchain-based cross-border payments service for Japanese companies this year, allowing busine... Read more