Reform In Line With Basic Law: Tam Yiu-chung

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

Related News Programmes

"); });

2021-03-05 HKT 14:18

Share this story

facebook

  • Reform in line with Basic Law: Tam Yiu-chung

Hong Kong’s sole deputy to the National People’s Congress Standing Committee has defended Beijing-led electoral reform for the SAR, saying it's completely in line with the Basic Law and the Chinese constitution.

Tam Yiu-chung, who's in the capital attending the annual NPC session, told Hong Kong media via a video link that the SAR's political structure and election system fall under the authority of the central government.

The pro-establishment heavyweight said the proposed changes are in line with the Basic Law because they were made in accordance with the “actual situation” of Hong Kong.

Tam expressed hope the changes will be in place in time for the Legco election, now set for September 5 after it was postponed for a year.

“Even if the legal amendments cannot be completed by the date in September, I think it doesn’t matter if it is postponed for a short period. But this is just my speculation. We will all do our best to hope to complete the legal amendment work,” he said.

The proposed changes include allowing the election committee that chooses Hong Kong's chief executive to elect “a relatively large share” of lawmakers and nominate all Legco hopefuls. Other reports said the number of Legco seats will increase from 70 to 90 and the number of election committee members will be raised from 1,200 to 1,500.

The NPC is set to discuss the proposals during its plenary session in Beijing.

RECENT NEWS

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