Beijing weakens influence of Hong Kong tycoons and strengthens power of mainland-linked outfits in city’s electoral shake-up with Election Committee revamped

Mar 30, 2021 | INVESTING

Individuals in all professional sectors seen as Hong Kong’s opposition stronghold will no longer have the right to vote in the Election Committee to pick the city’s leader, as all 300 of such seats will either be appointed, or chosen by corporate voters or local representatives affiliated with mainland organisations under Beijing’s drastic overhaul of the city’s electoral system.The decision, approved unanimously on Tuesday morning by China’s top legislative body, also enlarged the powerful…

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