'Electoral Changes Enhance The Quality Of Democracy'
"); jQuery("#212 h3").html("

"); });
2021-03-21 HKT 13:19
Chief Secretary Matthew Cheung has rejected criticism of Beijing's overhaul of Hong Kong's electoral system, saying the changes will improve political participation and make the SAR more democratic.
Local and international critics have said Beijing's reform package for Hong Kong will stifle opposition voices, with the introduction of a vetting process to block candidates who are not considered to be "patriots".
The reforms will also see the Legislative Council grow from 70 to 90 seats, while the election committee that chooses the Chief Executive, and in future some lawmakers, will expand by 300 seats to 1,500.
Writing on his blog on Sunday, the city's number two official said the fact that both Legco and the election committee would increase in size shows Beijing's determination and sincerity in expanding the scope of democratic elections here.
Cheung claimed the reforms could ensure that all sectors of society are fully represented in the governing structure, and that there would be balanced participation in politics in a broadly representative system.
While critics have called the overhaul a regression in Hong Kong’s democratic development, the minister argued that’s simply not the case.
He stressed the changes would instead “enhance the quality of democracy here" and improve Hong Kong's governing efficiency.
Cheung’s comment comes after Chef Executive Carrie Lam said at an online session of the China Development Forum late on Saturday that the approved electoral changes, as well as the introduction of the national security law, have put Hong Kong back on "the right track" following the 2019 anti-government protests.
“Our country's sovereignty and security were clearly at risk and the HKSAR was thrown into dark abyss. The foundations for Hong Kong's stability were gravely shaken. There was simply no basis for the Chief Executive to promote Hong Kong to global businesses,” she said.
“But this evening, under the theme of 'The Development of Hong Kong in the Next Five Years', I speak with confidence that Hong Kong will thrive, and soar higher, in the next five years… these two important decisions … have put Hong Kong back on its right track, that is, fully and faithfully upholding 'One Country, Two Systems', safeguarding national security and ensuring Hong Kong's stability and prosperity.”
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
