HKMAO Revamp A Standard Government Review: Starry Lee
"); jQuery("#212 h3").html("

"); });
2023-03-18 HKT 12:58
Hong Kong’s sole delegate to the National People's Congress Standing Committee on Saturday said Beijing's decision to put the SAR's affairs under the direct scrutiny of the Communist Party is part of a general government review and will not affect "One Country, Two Systems".
Starry Lee was commenting on a proposal to turn the Hong Kong and Macau Affairs Office into a higher-level body that answers to the Communist Party's Central Committee, rather than the State Council.
"The structural review is a normal thing, because this is a new government term. Because we all understand that structure cannot remain the same forever. It should be reviewed from period to period," she told reporters after attending a radio programme.
"When you look at the whole picture of the government structure review, not only the Hong Kong and Macau Affairs Office, it actually includes the financial-related committee and bureau, and also technology and big data-related issues. All these are important issues that I believe the central government would like to improve its management [on]."
But Lee said she wouldn’t speculate on who would be in charge before any announcements: "Whoever takes over this office, I believe will follow the central government's policy towards Hong Kong. That is, they will strongly adhere to the One Country, Two Systems,” she said.
Lee, who has recently been elected as a standing committee member of the country’s top legislature, is also the DAB party chairwoman, a lawmaker, as well as a district councillor.
Without saying how she would juggle her responsibilities, Lee revealed that her party would undergo a restructuring in June.
EDENA Unveils AI System To Automate Sovereign Asset Settlement
At the DAT Summit Hong Kong, EDENA Capital Partners launched the Autonomic Financial OS. The company describes it as an... Read more
Naver Exposes 15,000 Knowledge IN Users Activity, Moves To Improve Privacy Controls
Naver has announced measures following an incident in which around 15,000 users’ activity histories on Knowledge iN w... Read more
Japans PayPay Files For US IPO, Targets Valuation Above US$10B
SoftBank‘s digital payments unit, PayPay, has filed publicly for a US IPO. The listing could be the largest by a Japa... Read more
Inference Research Launches In Hong Kong With US$20M Seed Funding
Inference Research, an AI-native quantitative trading firm based in Hong Kong, has announced its launch and the expecte... Read more
London-Based Unlimit Appoints Michele Fung To Lead APAC Expansion
London-based fintech company Unlimit, which provides a broad range of financial technology services, has appointed Mich... Read more
SoFi Launches Digital Asset Trading In Hong Kong Through OSL Partnership
SoFi Securities (Hong Kong) (SoFi Hong Kong) and OSL Group have announced a partnership to offer digital asset trading ... Read more