'Democrats Unlikely To Be Accepted For Legco Polls'

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

Related News Programmes

"); });

2021-10-04 HKT 12:10

Share this story

facebook

  • The Democratic Party said last month that any members who are interested in joining December's Legco race should notify its central committee. Image: Shutterstock

    The Democratic Party said last month that any members who are interested in joining December's Legco race should notify its central committee. Image: Shutterstock

A leader of the All-China Federation of Returned Overseas Chinese said on Monday that it would be almost impossible for members of the Democratic Party to stand in Legco elections.

Lo Man-tuen said members of the party are unlikely to get through the nomination stage for candidates, because of the party's "opposition" to the new electoral system.

In a Ming Pao article, Lo said the party has set a high threshold for backing any individual members who wish to run in December's polls and by doing this it has rejected the electoral system and therefore the Basic Law.

“The Democratic Party must review its platform, respect the Communist Party-led state system, not act against national security to meet the minimum requirements of the principle of ‘patriots ruling Hong Kong’. This is the only way it could hope to be reborn,” he said.

The Democratic Party said last month that any members who are interested in joining the Legco race would need to secure 40 nominations from the party.

RECENT NEWS

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