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United Kingdom symbols fade, China's rise in new Hong Kong

Hong Kong Exchange Fund assets HK$3.81 trln end-May - HKMA
TABLE-Hong Kong's drawndown mortgage loans in May rise 33.5 pct m/m
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01 July, 2017

Carrie Lam was inaugurated as Hong Kong's new chief executive at a solemn ceremony on Saturday, becoming the region's first female leader.

China has ripped up a 50-year treaty signed by Britain to protect the rights of Hong Kong - on the eve of the 20th anniversary of the handover of the territory.

Xi, also general secretary of the Central Committee of the Communist Party of China and chairman of the Central Military Commission, arrived here Thursday to attend celebrations for Hong Kong's 20th return anniversary and the inauguration of the HKSAR's fifth-term government.

The life-long bureaucrat was selected through a process decried by critics as fundamentally undemocratic, involving just a sliver of a percent of Hong Kong's more than 3 million voters.

Members of the Executive Council of the HKSAR were sworn in by Lam.


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