Liaison Office Welcomes Election Committee Polls
"); jQuery("#212 h3").html("

"); });
2021-09-20 HKT 10:52
The liaison office has welcomed Sunday’s election committee polls, saying they marked a "major step in Hong Kong's democratic development with its own characteristics".
In a statement issued through the Xinhua news agency on Monday, the office said 1,448 new members had been selected, and that the new system had fully implemented the principle of "patriots administering Hong Kong".
It went on to congratulate the successful holding of the elections, describing them as the first major poll in Hong Kong after it "returned to stability from chaos".
The office also said the new system would lead the SAR out of what it described as the "pan-politicisation whirlpool", that democracy had taken a solid step forward, and that sound governance had become truly possible.
It ended the statement by saying that it hopes the SAR will see the polls as a starting point to get back on track, and that with patriots in and disruptors out, various sectors in the city will be able to jointly accelerate Hong Kong's development and build a better future under the new electoral system.
Meanwhile, an SAR government spokesman said the elections symbolised the SAR reaching a new milestone in the implementation of "patriots administering Hong Kong" and "promoting the realisation of good governance in Hong Kong".
The spokesman added that the new system will facilitate rational interaction between the executive authorities and the legislature, and effectively enhance governance efficiency.
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
