Hong Kong Opens Nomination for Chief Executive Election

Hong Kong

From 02 February to 1 March, Hong Kong’s Registration and Electoral Office (REO) will start accepting nominations for the Special Administrative Region (SAR)’s fifth term chief executive election.

According to an REO spokesman, a nomination form must be subscribed by no less than 150 members of the Election Committee and each member can nominate only one candidate.

Anyone who is a Chinese citizen aged no less than 40 years and a permanent resident of Hong Kong SAR will be eligible to be nominated as candidate.

He/She must not have a right of abode in any foreign country and has ordinarily resided in Hong Kong for continuous period of no less than 20 years, according to Hong Kong Basic Law.

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A candidate must submit the completed nomination form in person during the nomination period.

Woo Kwok-hing, Ip Lau Suk-yee, Lam Cheng Yuet-ngor and Tsang Chun-wah have announced their candidacy.

In March, 1,200 members of an election committee, which include a crowd of Beijing loyalists, will choose Hong Kong’s next city leader.

The former British colony returned to Chinese rule in 1997, under a “one country, two systems” arrangement that granted it a high degree of autonomy.

Hong Kong bourse plans launch of new board

Hong Kong’s only stock exchange is planning to form a new board that will tackle issues about weighted voting rights, a controversial stock model that regulators thumbed down in 2015.

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The possible launching of the new board is being considered amid a backdrop of fierce competition to lure tech company listings.

According to Hong Kong Exchanges & Clearing CEO Charles Li Xiaojia, talks about the move would hopefully be part of a “holistic” consultation that would also include a review of the Growth Enterprise Market board and listing regulatory regime.

The two plans have gained criticisms for providing fertile ground for shell companies to trade in Hong Kong. – EventsNewsAsia.com