'Xi May Instruct Hong Kong On Its Future Development'

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

"); });
2022-06-27 HKT 11:58
Hong Kong’s sole deputy to the National People’s Congress Standing Committee, Tam Yiu-chung, says he hopes President Xi Jinping will give instructions on Hong Kong’s future development when he attends the handover anniversary ceremony on July 1.
On a Commercial Radio programme on Monday, Tam noted that Hong Kong is half way through the 50 years of One Country, Two Systems promised by the central government.
“It’s the 25th anniversary of the system. At least [we hope] there will be an overview, and the future development direction. Let’s see if President Xi will give important instructions on One Country, Two Systems, I hope everyone would want to know more,” he said.
When asked if he expects the central government to state clearly how long One Country, Two Systems can last, Tam said the key is to ensure it gets back on the right, healthy track.
“Personally, I think this is not a difficult matter to handle. No one ever said 50 years is a deadline for changes. It’s easy to resolve this matter. But whether the central government will give a clear time frame or will it offer a general direction or principle that we can work towards? I think it’s also a likely approach,” said Tam.
Xinhua News Agency reported on Saturday that Xi will attend the inauguration of the new term of SAR government, but unlike on previous occasions, it did not specify the length of his stay or details of his itinerary.
Tam would not speculate on whether Xi will physically attend the ceremony or make alternative arrangements, saying it’s better to just wait for an official announcement.
But a deputy to the National People’s Congress, Ip Kwok-him, said he believes Xi will travel to Hong Kong for a brief visit – unless the city sees a sudden surge in Covid-19 cases.
“It’s been reported in the news that President Xi will attend some events, but it didn’t say the dates of his visit. If, very unfortunately, Hong Kong’s epidemic situation worsens drastically, I think it’s totally likely that President Xi will make his appearance and give his speech online,” said Ip.
TOPPAN Edge Becomes Japans First Qualified VLEI Issuer
The Global Legal Entity Identifier Foundation (GLEIF) has announced TOPPAN Edge, a subsidiary of TOPPAN Holdings that p... Read more
SFC And Dubais DFSA Partner On Cross-Border Regulatory Cooperation
The Dubai Financial Services Authority (DFSA), the independent regulator of the Dubai International Financial Centre (D... Read more
Toss To Launch Finance Super-App In Australia, Plans Won-Based Stablecoin
South Korea’s fintech unicorn Toss is preparing to launch its finance super-app in Australia before the end of this y... Read more
China Funds Research On Stablecoins And Cross-Border Oversight
China’s largest government-backed research funder has begun accepting applications for studies on stablecoins and the... Read more
XTransfer, CZBank Shanghai Branch Form Cross-Border Finance Partnership
XTransfer has entered into a partnership with the Shanghai branch of China Zheshang Bank (CZBank). The agreement was si... Read more
Brinc Launches VentureVerse Through Acquisition Of OG Club
Brinc, a Hong Kong-based venture acceleration and corporate innovation firm, has acquired OG Club, a decentralised auto... Read more