Xi Unhappy With Lame-duck Lam, Says Analyst

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

"); });
2019-06-24 HKT 09:50
A China analyst says President Xi Jinping is obviously "tremendously unhappy" with the performance of the Chief Executive Carrie Lam, following weeks of protests sparked by her efforts to amend extradition laws.
Protesters have dropped demands for Lam to resign, saying it's more important she withdraw her extradition bill and set up an independent inquiry into police action during violent clashes outside Legco almost two weeks ago.
Professor Willy Lam says Beijing is unlikely to remove Lam, but the power vacuum created by her ineffectual government could encourage more mainland interference.
"I think she has has become a lame duck, and the lame duck administration could go on even for the rest of her three-year term," he said.
"But this is very bad for Hong Kong, because Hong Kong at this stage requires a very dynamic leader to pull us through the political crisis and also to face immense economic and social challenges.
"This power vacuum is particularly bad because the Communist Party of Hong Kong, which is represented by the central liaison office, may take advantage of the power vacuum to step in to assume more power and initiative."
TOPPAN Edge And Partisia Partner For Fully Privacy-Focused Digital Identity Solution
TOPPAN Edge is partnering with Partisia to develop a fully privacy-focused digital identity using Partisia’s Decentr... Read more
Livi Bank Achieves HKD2.9B In Customer Deposit Growth
livi Bank reported a total operating income of HK$220 million in 2024 in its latest annual report results, marking a 76... Read more
OSL And Ant Digital Partner To Drive Real-World Asset Tokenisation
OSL Group (863.HK), a publicly listed company for digital assets, and Ant Digital Technologies signed a Memorandum of U... Read more
WeLab Bank Hits Profit In 2025 With HKD750M Revenue
WeLab Bank achieved profitability in Q1 2025*, continuing from 2024 when it achieved breakeven within four years of its... Read more
Adoption Of GenAI Rises In Hong Kongs Financial Sector, Though Focus Remains On Internal Operations
In Hong Kong, financial institutions are increasingly adopting generative artificial intelligence (genAI), aiming for e... Read more
HKMA Forms CargoX Expert Panel To Modernise Trade Finance
On 28 April 2025, the Hong Kong Monetary Authority (HKMA) announced the creation of an Expert Panel on Project Cargox. ... Read more