Rule Of Law In Good Shape, Says CE

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

Related News Programmes

"); });

2021-11-19 HKT 19:14

Share this story

facebook

  • Carrie Lam says some of the previous surveys that looked at Hong Kong's rule of law were subjective. Photo: RTHK

    Carrie Lam says some of the previous surveys that looked at Hong Kong's rule of law were subjective. Photo: RTHK

Chief Executive Carrie Lam on Friday said Hong Kong’s rule of law is well recognised, citing improvement in the city’s rule of law ratings over the past 25 years.

Speaking at an event organised by the Law Society, Lam said the World Bank’s Worldwide Governance Indicators showed that the city’s ratings had risen from a score of 69.8 in 1996 to 91.8 in 2020, adding that the score has remained over 90 since 2003.

The figure peaked at 95.19 in 2015 and 2018.

The Worldwide Governance Indicators measure six areas of governance for more than 200 countries and territories from 1996 to 2020, including government effectiveness, rule of law and regulatory quality.

The CE said she noted that various organisations had looked into the SAR’s rule of law situation in recent years, but she said those surveys had been rather subjective with pre-set questions.

Chief Justice Andrew Cheung said the rule of law has been the basis of Hong Kong’s success and the Basic Law is the foundation of the city’s rule of law.

He also said judicial independence is an important element of the rule of law, adding any undue pressure on judges and judicial officers should be condemned.

The president of the Law Society, Chan Chak-ming, said the city’s rule of law has come under enormous challenges over the past two years. He said the Law Society will try its best to maintain the rule of law.

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