John Lee has set off to Beijing to get the official nod for his new term as Chief Executive of the island in a four-day trip where he will meet with top Chinese leaders.
Western multinationals steer clear of any criticism of China's policies towards hotspots like Hong Kong, Xinjiang, Tibet and Taiwan.
Known as a strong ally of Beijing, John Lee's appointment is being widely seen as a move by China to tighten its grip on the city.
John Lee has promised to relaunch the Chinese special administrative region as an international city and bolster its competitiveness.
John Lee, a 64-year-old former deputy commissioner of police who was promoted to the global financial hub's number two role in 2021, says he is awaiting Beijing's approval to stand in the election.
Hong Kong Chief Executive Carrie Lam says her decision not to pursue a second term is "entirely based" on her family considerations.
The Hong Kong stock exchange suspended the shares of major Chinese developers, such as Shimao Group and Sunac China, from trade for a delay in declaring annual results.
Officials are rushing to build makeshift hospitals in some provinces in China as a steep increase in Omicron-led Covid-19 cases continues to spread.
Nearly 18 provinces across China are battling a surge in Covid cases, causing officials to question the efficacy of the country's 'zero-covid' approach.
Covid-19 has infected more than 418M people and killed over 5.8M worldwide. Here are some of the latest coronavirus-related developments:
The more than 15-carat De Beers Cullinan Blue diamond will be offered in a single-lot auction at Sotheby's Hong Kong in April.
Covid-19 has infected more than 412M people and killed over 5.8M worldwide. Here are some of the latest coronavirus-related developments:
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