John Lee Resigns As Chief Secretary
"); jQuery("#212 h3").html("

"); });
2022-04-06 HKT 15:38
Chief Secretary John Lee on Wednesday tendered his resignation, amid reports that he's going to run for the city's top job.
In a statement, Chief Executive Carrie Lam said she had submitted Lee's resignation letter to the central government in accordance with the Basic Law.
Lee will go on leave with immediate effect.
He is expected to hold a press conference at 5.30pm on Wednesday.
Lee was the first number two official in Hong Kong with a police background, taking on the position after a stint under the Lam administration as security secretary.
During his time in the two roles, he has handled a number of hot-button issues, from introducing a joint-immigration checkpoint with the mainland at the West Kowloon high-speed rail terminus, to banning the pro-independence Hong Kong National Party in 2018.
In 2019, he apologised after the administration's ill-fated extradition bill sparked months of social unrest.
"I have expressed my apology. And I expressed my apology because as the chief executive said, it is because of the inadequacy of our work," he said.
After succeeding Matthew Cheung as chief secretary in 2021, Lee brushed aside concerns about what some saw as his lack of policymaking experience.
"There is no know-all, I think, in this world. I have strengths," he said.
Lee, who's 64, joined the police force in 1977 as an inspector. He rose through the ranks and became the deputy police commissioner in 2010.
In 2012, he joined the CY Leung administration as the under secretary for security.
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
