Business, Tech Leaders Welcome Electoral Changes

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

Related News Programmes

"); });

2021-03-31 HKT 18:41

Share this story

facebook

  • Business, tech leaders welcome electoral changes

Business and technology sector leaders emerged from government briefings about Beijing’s overhaul of Hong Kong’s electoral system on Wednesday full of praise for the changes.

The president of the Information Technology Joint Council, Duncan Chiu, said the Technology and Innovation sub-sector on the election committee – formerly known as the Information Technology sub-sector – will be better represented, even though its number of seats in the committee will remain unchanged at 30.

“By embodying more associations in the technology sector, not just IT, we actually have more representation in the area," he said.

Chiu added that they welcomed the decision to have "well-respected" local academics at mainland institutions – including former University of Hong Kong vice-chancellor Patrick Cheng and chemistry professor Henry Wong – nominate half of the 30 representatives on the committee.

Chinese Manufacturers' Association president Allen Shi also said he welcomed the changes. Shi said he hoped the legislature will help improve the business environment now that it can operate more smoothly.

He said it's reasonable that a newly added commercial sector lawmaker will be selected by Chinese enterprises instead of SMEs, as there are a growing number of mainland enterprises in the SAR.

Secretary for Justice Teresa Cheng also met with members of the legal sector to explain the changes, which will see nine of the 30 members of the legal sub-sector nominated by local members of the China Law Society's council.

RECENT NEWS

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