CY Leung Says He Has No Plans To Run For CE

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

Related News Programmes

"); });

2020-05-10 HKT 16:37

Share this story

facebook

  • Asked whether he has any intention to run for election again, CY Leung told reporters, "No." Photo: RTHK

    Asked whether he has any intention to run for election again, CY Leung told reporters, "No." Photo: RTHK

Former Chief Executive CY Leung on Sunday said he has no intention to run for the top job again as he dismissed suggestions that a new coalition he recently co-founded would take the place of the embattled SAR government.

Leung is a convenor of the Hong Kong Coalition, as is another former leader, Tung Chee-hwa.

Both are also vice-chairmen of China’s top advisory body, the Chinese People's Political Consultative Conference (CPPCC).

The new group counts among its 1,500 members some of the city’s most prominent business tycoons, professionals, and former officials.

Leung told reporters that this coalition is not looking to replace the government, but work to help revitalise the territory which has been hit by a double whammy of months of often violent anti-government protests and the coronavirus pandemic.

Asked if he has any intention to run in another election, Leung answered, “No.”

He also spoke out against the “If we burn, you burn with us” mentality that has been adopted by the protest movement, saying the “evil” results of such an approach can already be seen.

“Once the epidemic is over… On tourism, trade and finance, we can’t compete with the likes of Singapore, South Korea, and Japan. Why? It’s because we’re carrying the baggage of this ‘burn with us’ mentality”, he said.

Leung also told a TVB programme that the coalition will try to help young people find jobs or internships – regardless of their political views.

He also spoke out against the use of violence.

“Even if young people are discontented with society, you must abide by the law. You can’t come out and set fires, or burn people”, he said.

Over the better half of the year, what have they gotten out of such tactics? Eight thousand youths have been arrested, and none of them are the sons or daughters of the people who encouraged them to use such tactics to force the government’s hand.”

Leung also dismissed the viability of the ‘yellow economy’ – where pro-protest consumers patronise only businesses that are supportive of the anti-government movement.

He said since Hong Kong isn’t self-sufficient, the yellow economy cannot be either.

“Lots of ‘yellow businesses’ are in the catering industry”, Leung said.

“The water they use is from the Dongjiang River. The food is from the mainland. How can you then form an exclusionary economy and excluding any participation from the mainland?” he questioned. “How would this theory work?”

The former leader said if people don’t abide by the law, then the entire Hong Kong society, and the economy, will ‘definitely sink’.

RECENT NEWS

Hong Kong Stablecoins Bill Officially Passed, Set To Come Into Effect Later This Year

The Hong Kong government welcomed the Legislative Council’s passing of the Stablecoins Bill today, 21 May 2025. The b... Read more

From Fishermans Son To Fintech Founder: How CapBay Grew RM 6,000 To RM 4 Billion

What started as a RM6,000 loan funded out of their own pockets has grown into over RM4 billion disbursed to more than 2... Read more

Ping An Launches EagleX Global Version For Real-Time Climate Risk Insights

Ping An Insurance (Group) Company of China, Ltd, announced that its subsidiary, Ping An Property & Casualty Insuran... Read more

FWD Resubmits Hong Kong IPO Application Amid Market Recovery

FWD Group, an insurance company backed by billionaire Richard Li Tzar-kai, submitted a new application for an initial p... Read more

Hong Kong Police Crush HK$118M Crypto Laundering Ring, 500 Mule Accounts

In a fresh crackdown on crypto-related crime in Hong Kong, the Hong Kong police arrested 12 individuals for running a c... Read more

Adyen And JCB Launch Card-on-File Tokenisation To Boost Payment Security

Adyen and JCB Co., Ltd. have launched JCB’s card-on-file (COF) tokenisation service, designed to improve the securit... Read more