John Tsang, Financial Secretary of Hong Kong SAR, Resigns, May Run for Top Post

Yicai

2016-12-13

(Yicai Global) Dec. 13 -- of Hong Kong SAR, John Tsang, has submitted his resignation today. He is expected to run for city’s top job, which will be vacated by chief executive Leung Chun-ying. The office of Hong Kong chief executive confirmed that Hong Kong Chief Executive Leung Chun-ying has received a resignation letter from the financial secretary today, which has already been submitted to the central government.

Hong Kong Chief Executive Leung Chun-ying made a sudden announcement on Dec. 9, saying that he will not run for chief executive in Hong Kong’s 2017 chief executive election and will step down in half a year’s time, making him the city’s first chief executive failing to serve a second term.

Tsang said two weeks ago that he would actively consider running for chief executive if it will benefit the Hong Kong people. Some people close to him encourage him to run for the post while others object to it, he added, saying that unity is the responsibility of all Hong Kong people which can make the city a better place to live in and bring in more economic activities.

Tsang has already rented an office in Wan Chai district for his campaigning for the top post, the Hong Kong media reported.