Hong Kong Anniversary: China’s Xi Swears in John Lee as New Leader

Bloomberg Quicktake: Now published this video item, entitled “Hong Kong Anniversary: China’s Xi Swears in John Lee as New Leader” – below is their description.

Chinese President Xi Jinping spoke after presiding over the swearing in of Hong Kong’s new security-minded Chief Executive John Lee.

President Xi Jinping defended his crackdown on Hong Kong’s pro-democracy movement and said the city should focus on its economic development, in a landmark speech on the city’s 25th anniversary of Chinese rule.

Hong Kong has entered a “new stage of moving from chaos to governance” the Chinese leader said Friday morning in a convention hall perched on the city’s Victoria Harbor.

He called on the former British colony to focus on achieving “prosperity,” while cautioning that the relationship between the government and market should be better balanced.

Xi’s speech came after he presided over the swearing in of Hong Kong’s new security-minded Chief Executive John Lee, who also defended the city’s status as an international financial and legal hub.

Lee said Hong Kong had emerged from the “unlawful” pro-democracy protests of recent years with a stronger legal system than many places in Europe and America. 

Lee added that Hong Kong’s future hinged on “the ability to merge with Chinese development while linking with the international world” shortly after being sworn in by Xi.

Xi’s speech outlined expectations for Hong Kong and its incoming administration.

The event — coming at the halfway point in China’s 50-year promise to maintain the former British colony’s liberal and capitalist institutions — was accompanied by a surge of propaganda praising the national security law imposed by Xi for ending protest-fueled unrest. 

Bloomberg Quicktake: Now YouTube Channel

Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.


About This Source - Bloomberg QuickTake: Now

Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City.

It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.

Recent from Bloomberg QuickTake: Now:

House Passes Landmark Tax, Climate and Health Care Bill

Author Salman Rushdie Attacked on Lecture Stage in New York

Is Seasonality a Valid Commodities Trading Strategy?

In This Story: Hong Kong

Hong Kong, officially the Hong Kong Special Administrative Region of the People’s Republic of China (HKSAR), is a metropolitan area and special administrative region of the People’s Republic of China on the eastern Pearl River Delta of the South China Sea. With over 7.5 million residents of various nationalities in a 1,104-square-kilometre (426 sq mi) territory, Hong Kong is one of the most densely populated places in the world.

Hong Kong became a colony of the British Empire after the Qing Empire ceded Hong Kong Island at the end of the First Opium War in 1842. The colony expanded to the Kowloon Peninsula in 1860 after the Second Opium War and was further extended when Britain obtained a 99-year lease of the New Territories in 1898. The whole territory was transferred to China in 1997. As a special administrative region, Hong Kong maintains separate governing and economic systems from that of mainland China under the principle of “one country, two systems”.

3 Recent Items: Hong Kong

‘Sunshine of My Life’ stars light up red carpet at BJIFF

A new generation of activists tackle inequality, democracy and climate change | Witness Documentary

LIVE: Chinese Ambassador Xiao Qian delivers address to Australia’s National Press Club | ABC News

In This Story: XI Jinping

Xi Jinping has been the President of China since 2013 and General Secretary of the Chinese Communist Party (CCP) and Chairman of the Central Military Commission (CMC) since 2012.

Books #Ad

2 Recent Items: XI Jinping

Can China’s economy afford a war with Taiwan? | DW Business Special

LIVE: Chinese Ambassador Xiao Qian delivers address to Australia’s National Press Club | ABC News

Leave a Comment

We don't require your email address, or your name, for anyone to leave a comment. If you do add an email address, you may be notified if there are replies to your comment - we won't use it for any other purpose. Please make respectful comments, which add value, and avoid personal attacks on others. Links are not allowed in comments - 99% of spam comments, attempt to post links. Please describe where people may find additional information - for example "visit the UN website" or "search Google for..." rather than posting a link. Comments failing to adhere to these guidelines will not be published.