Nominee To Replace John Lee Yet To Be Approved: CE
"); jQuery("#212 h3").html("

"); });
2022-04-08 HKT 12:54
Chief Executive Carrie Lam on Friday confirmed that she had nominated someone to replace John Lee as chief secretary, saying the appointment is pending Beijing's approval.
Lee tendered his resignation on Wednesday and announced his intention to run in the upcoming chief executive election.
Xinhua News Agency reported on Friday that the State Council had removed him from the post of chief secretary.
Xinhua said the decision was made the day before, and was based on Lam's suggestion. It also said the decision was in accordance with the Basic Law.
The chief executive told reporters on Friday that she had nominated a replacement for Lee, but she had yet to receive any notification on the matter from the central government.
She added that the government will operate normally despite the temporary vacancy.
“The chief secretary is responsible for coordinating different government bureaus in our anti-epidemic work,” Lam said.
“The temporary vacancy will have a certain impact but you can rest assured that the work will be done by other officials, especially as I myself had worked as chief secretary for more than four years previously. So, it won't cause big problems to the government’s work.”
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