HK To Go Without Acting Chief Secretary For Now: CE
"); jQuery("#212 h3").html("

"); });
2022-04-07 HKT 15:38
Hong Kong will be left without anyone formally acting as the number two official for the time being, as Beijing considers John Lee’s request to resign to pave the way for a run at the top job.
Chief Executive Carrie Lam told a press conference on Thursday that there was no constitutional requirement to immediately name a replacement, and that Beijing would consider Lee’s resignation and his proposed replacement at the same time.
Lam said even though this is a departure from past practice – like when Matthew Cheung was named acting chief secretary on the same day that she herself resigned to run for Chief Executive in 2017 – having Beijing consider both issues together is “more appropriate.”
“Don’t worry, everyone,” she added, “Even without a chief secretary, there'll still be someone doing the work.”
Lam declined to comment on Lee’s bid to become her successor, stressing that she will not make any remarks at all about the coming election on May 8.
“My only responsibility is to successfully hold the sixth term Chief Executive election,” she said.
Asked why she thought Beijing had so far not commented on her decision against seeking a second term in office, Lam stressed the central government is under no obligation to say anything.
"My decision to not seek a second term is my decision. Why does anybody have to make a public response to my decision?"
"I welcome my friends, my supporters to send me messages that they did appreciate what I have done in my term, but there's no need for any official response from any governments, including the central people's government," she added.
Lam had announced on Monday that she will retire after her term of office ends on June 30, citing family reasons.
Circle CEO Says China Could Launch Yuan Stablecoin In 3 To 5 Years As Trade Grows
Circle CEO Jeremy Allaire predicts that China could roll out a yuan stablecoin within three to five years to expand the... Read more
Naver IPO Timeline Set As Dunamu Merger Targets Nasdaq Debut
Preparations for a Naver IPO are underway following an agreement between Naver Financial and cryptocurrency exchange op... Read more
TransUnion Urges Lenders To Rethink Credit Risk For Gig Workers In Hong Kong
TransUnion is urging lenders to update their risk assessment models, revealing that gig workers in Hong Kong exhibit st... Read more
Citi And Endowus Roll Out HK$4,000 Wealth-Linked Credit Card Campaign
Citi and digital wealth platform Endowus have launched a joint credit card promotion in Hong Kong, expanding the Citi E... Read more
Aspire Secures SFC License In Hong Kong To Launch SME Yield Product
Singapore-headquartered fintech Aspire has secured three financial licenses from the Securities and Futures Commission ... Read more
Why Stablecoins May Become The Backbone Of 24/7 Global Trade
Stablecoin transaction volumes surged 72% in 2025, reaching a record US$33 trillion and signalling growing institutiona... Read more