Government Reshuffle In The Works, Say Reports

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

Related News Programmes

"); });

2021-06-25 HKT 08:24

Share this story

facebook

  • Matthew Cheung has served as chief secretary since 2017. File photo: RTHK

    Matthew Cheung has served as chief secretary since 2017. File photo: RTHK

Hong Kong’s number two official, Matthew Cheung, is being allowed to bow out of Carrie Lam’s administration by Beijing, local media reported on Friday.

The 70-year-old Chief Secretary will be replaced by Secretary for Security John Lee in a reshuffle that is reportedly being considered by the State Council.

Police chief Chris Tang will take over as secretary for security, with one of his deputies, Raymond Siu, assuming the post of police commissioner.

It’s also being reported that Chief Executive Carrie Lam and about 60 other senior officials and public figures will travel to Beijing on Monday for the start of celebrations to mark next month’s 100th anniversary of the founding of the Chinese Communist Party.

Cheung will serve as acting chief executive in Lam’s absence.

Cheung has served as chief secretary since 2017. Prior to his appointment as the city’s number two official, he served for a decade as the secretary for labour and welfare.

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