Ms. Lam’s announcement comes simply two days earlier than her policy address was scheduled to happen
Hong Kong leader Carrie Lam stated on Monday that her annual policy address scheduled for this week will probably be delayed until she travels to Beijing to ask the Chinese central authorities for assist with measures to assist her metropolis’s battered financial system.
Ms. Lam’s announcement comes simply two days earlier than her policy address was scheduled to happen, and amid stories that Chinese President Xi Jinping can be travelling to the Chinese southern coastal metropolis of Shenzhen to commemorate the 40th anniversary of the particular financial zone.
The leader of Hong Kong, a semi-autonomous Chinese territory, sometimes provides a policy address initially of every legislative yr, however Lam stated that it is a conference that’s not forged in stone.
She stated she is suspending the address after submitting a number of proposed measures to Beijing looking for their assist to assist increase Hong Kong’s financial system, which has taken a battering because of the coronavirus pandemic and months of anti-government protests final yr.
Ms. Lam stated at a information convention that she is going to journey to Beijing on the finish of October to take part in conferences with varied ministries and commissions and see if the central authorities will assist the proposed measures. She declined to offer particulars on the proposals.
She added that gaining the assist from the central authorities in Beijing would permit her to offer an address later within the yr that can increase the arrogance of town’s financial revival.
“For our economy to revive, we need the support of the mainland. We have to better integrate into the national development plan,” she stated.
The supporting insurance policies of central authorities would go an extended solution to boosting the arrogance in our financial system in addition to the revival of financial exercise in Hong Kong, she added.
Ms. Lam, who may even journey to Shenzhen with a delegation of Ministers from Hong Kong in a while Monday to participate within the commemoration actions, stated she has no scheduled conferences with Mr. Xi in Shenzhen. Local media speculated earlier that Lam was suspending her policy address due to Mr. Xi’s visit to the Chinese metropolis.
“It is an indisputable fact that Hong Kong’s economic growth is very related to what we are going to do in our work with the mainland economy,” Ms. Lam stated.