John Lee Sworn In As New CE

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

Related News Programmes

"); });

2022-07-01 HKT 12:56

Share this story

facebook

  • John Lee sworn in as new CE

John Lee was sworn in on Friday as Hong Kong’s new chief executive at a ceremony officiated by President Xi Jinping, as the city celebrated the 25th year of its return to Chinese rule.

In a speech at the Hong Kong Convention and Exhibition Centre following his inauguration, Lee thanked the central government and Hong Kong people for their trust, and pledged to build a caring and inclusive Hong Kong full of vibrancy and development opportunities.

"It is the greatest honour for me today to shoulder this historical mission given to me by the central authorities and the people of Hong Kong. I know well the great responsibility that comes with it," he said.

"I will strive to comprehensively and accurately implement the principles of One Country, Two Systems, Hong Kong people administering Hong Kong and high degree of autonomy, to safeguard the constitutional order of the Hong Kong SAR as defined under the Constitution and the Basic Law, to safeguard our country's sovereignty, national security and development interests, and to ensure the long-term prosperity and stability of Hong Kong."

The new leader noted that Hong Kong had made numerous achievements in the past 25 years and also encountered different challenges. including the global financial crisis, the illegal Occupy movement in 2014, the riots and violence in 2019 and the Covid pandemic.

"Thanks to the full support of the central authorities, the vitality and strength of the One Country, Two Systems principle, as well as Hong Kong citizens' diligence and determination to seek improvements, Hong Kong succeeded in overcoming each and every challenge and moving forward to scale new heights," he said.

Lee added that the national security law has enabled the city to undergo a transformation from chaos to order, while electoral reforms have ensured that only patriots govern the city.

He said the next five years will be key for the city to undergo another transformation from order to prosperity, and the SAR administration will strive to resolve issues facing society in a practical manner, and with a proactive and results-oriented approach.

"Even if we may only solve one problem a day, without making such small steps it is simply impossible to get to faraway places. Through perseverance we shall succeed."

John Lee's cabinet as well as the new Executive Council members also took their oaths of office.

RECENT NEWS

SBI Holdings To Acquire Bitbank In US$289M Crypto Expansion

SBI Holdings has agreed to acquire Japanese crypto exchange Bitbank in a deal valued at approximately US$289 million, w... Read more

4 Ways Hong Kong Banks Fight Financial Crime Using AI, According To HKMA

The Hong Kong Monetary Authority (HKMA) wants banks to use AI in financial crime as a way to counter cyberattacks and s... Read more

Ripple Launches RLUSD Stablecoin In Japan Through SBI Group

Ripple has launched its US dollar-denominated stablecoin, Ripple USD, in the Japanese market. The expansion follows reg... Read more

SBI And Startale Launch Trust Bank-Backed Yen Stablecoin JPYSC In Japan

SBI Group has introduced its trust based stablecoin JPYSC in partnership with Singapore-based fintech company Startale ... Read more

Visa Study: Digital Wallets Lead Greater Bay Area Payment Preferences

Visa has released its latest Consumer Payment Attitudes Study, highlighting how payment seamlessness is linked to a shi... Read more

European And South Korean Banks Form Project Pangea For FX Settlement

Chainlink, South Korean infrastructure provider FairSquareLab, the Unified Korea Alliance (UniKA), and European stablec... Read more