'Economy Must Come Before Universal Suffrage Target'

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

Related News Programmes

"); });

2021-12-27 HKT 13:24

Share this story

facebook

  • 'Economy must come before universal suffrage target'

A top legal scholar in Beijing said on Monday that the target of allowing Hong Kong to select its chief executive and all members of the legislature by universal suffrage hasn’t changed, but the city should focus on developing its economy and improve people’s livelihood first.

Speaking at a briefing on Beijing’s recent white paper on Hong Kong’s democratic development, Wang Zhenmin, the vice-chairman of the Chinese Association of Hong Kong and Macau Studies, said the "One Country, Two Systems" principle had at one stage deviated greatly from its original intent.

He noted that some people were worried about whether the central government would be angry and change its policy towards Hong Kong.

He said the white paper, issued by Beijing after this month's Legislative Council election, states clearly that the central government is determined to continue to implement the "One Country, Two Systems" principle.

Wang added that Beijing had done a lot in the past two years to save Hong Kong and its democratic system, and to fight against anti-China forces intent on causing trouble in the SAR.

He cited the white paper as saying that the SAR’s target of achieving “dual universal suffrage”, as stipulated in the Basic Law, hadn’t changed.

But he said Hong Kong needs time to recuperate after serious political turmoil.

“We have paid a high price for the new democratic system today. My feeling is that people have been longing for stability," he said.

"Society needs to recuperate and resources should be used to develop the economy and improve people’s livelihood. A strong economic and societal basis is needed for Hong Kong’s democratic development."

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