Hong Kong Legco to explore mainland-style oversight system for bills enforcement

    Hong Kong Legco to explore mainland-style oversight system for bills enforcement

    Hong Kong’s legislature will consider establishing a dedicated mechanism to scrutinise the implementation of approved bills and funding, drawing inspiration from mainland China’s law enforcement inspection system, according to its president. Legislative Council president Starry Lee Wai-king also dismissed concerns that the city’s first five-year plan would undermine the “one country, two systems” governing principle,…

    Read More
    (Left to right) SCMP deputy Hong Kong editor Olga Wong, CEO of AIA Hong Kong & Macau Alger Fung, finance chief Paul Chan, Hong Kong McKinsey managing partner Arthur Shek and SCMP news editor Denise Tsang. Photo: Dickson Lee

      Hong Kong ‘more than China’s financial sandbox’, Paul Chan says

      Hong Kong is not just China’s economic sandbox but also a driver of the country’s development, the finance chief has said, calling the city the nation’s international financial centre. Financial Secretary Paul Chan Mo-po said on Monday that Hong Kong must move swiftly to embrace artificial intelligence (AI) and “get empowered” in its use, as…

      Read More
      Agility and adaptability are in Hong Kong’s DNA, former leader CY Leung says

        Agility and adaptability are in Hong Kong’s DNA, former leader CY Leung says

        Escalating geopolitical tensions will not derail Hong Kong’s goal set out in the country’s 15th five-year plan and its efforts to implement the blueprint, former leader Leung Chun-ying has said, describing agility and adaptability as in the city’s DNA. The vice-chairman of the Chinese People’s Political Consultative Conference, the country’s top political advisory body, also…

        Read More
        15th five-year plan presents ‘golden strategic period’ for Hong Kong: Paul Chan

          15th five-year plan presents ‘golden strategic period’ for Hong Kong: Paul Chan

          Hong Kong’s financial chief has vowed to serve the nation and seize opportunities from the newly unveiled 15th five-year development plan, calling it a “golden strategic period” with great potential amid escalating geopolitics. Financial Secretary Paul Chan Mo-po said on Sunday that Hong Kong would adopt “Artificial Intelligence+” and “Finance+” approaches to support China’s development…

          Read More
          Legco president Starry Lee has highlighted the legislature’s efforts to support the national 15th five-year plan. Photo: Eugene Lee

            ‘Deliver more practical outcomes,’ Chinese vice-premier tells Hong Kong Legco

            Chinese Vice-Premier Ding Xuexiang has urged Hong Kong’s legislature to deliver more “practical outcomes” that align with the city’s actual conditions and meet Beijing’s expectations under the executive-led governance system. Emphasising the importance of the executive-led system for the second day in a row, the state leader reiterated on Saturday that its implementation was not…

            Read More