'Electoral Overhaul Kills One Country, Two Systems'

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

Related News Programmes

"); });

2021-03-12 HKT 12:23

Share this story

facebook

  • Ma Ying-jeou says it's 'extremely regrettable' that 'One Country, Two Systems' has officially become history. Photo: RTHK

    Ma Ying-jeou says it's 'extremely regrettable' that 'One Country, Two Systems' has officially become history. Photo: RTHK

Former Taiwan president Ma Ying-jeou said on Friday that Beijing’s latest decision to overhaul Hong Kong’s electoral system spells the death of ‘One Country, Two Systems’.

Speaking to reporters while attending a memorial to mark the 96th anniversary of the death of the founder of modern China and the Kuomintang, Sun Yat-sen, Ma said it is “extremely regrettable” that ‘One Country, Two Systems’ – the brainchild of former mainland leader Deng Xiaoping – has officially become history.

The Hong Kong-born Taiwan politician said Beijing’s decision to impose sweeping changes to the SAR’s political system is no different from officially proclaiming the death of the two systems principle.

KMT chairman Johnny Chiang, meanwhile, said Beijing can only win the hearts and minds of Hong Kong people by giving them democracy and freedoms.

On Thursday, a spokesman for Taiwan's Mainland Affairs Council, Chiu Chui-cheng said the overhaul means Beijing has now taken over direct political control of Hong Kong, despite its promises that the city would maintain "a high degree of autonomy".

"The relevant authorities have deviated from the promise of Hong Kong people ruling Hong Kong and a high degree of autonomy," Chiu told a news briefing. "They have harmed the right of Hong Kong people to freedom, democracy, and the rule of law."

"The rest of the world finds this unacceptable."

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