Hong Kong Chief Executive Carrie Lam said she wouldn¡¯t seek a second term, ending a tumultuous five-year tenure that saw the financial hub become more isolated due to its twin crackdowns on COVID-19 and the democratic opposition.
Lam announced her plans at a regular news briefing Monday, saying that she informed authorities in Beijing of her plan at a National People¡¯s Congress session more than a year ago. Hong Kong¡¯s benchmark Hang Seng Index climbed as much as 2% after her announcement.
¡°This is a question of my personal wish and aspiration. My personal wish and aspiration is entirely based on my family considerations,¡± Lam told reporters. ¡°This is what I have told the central people¡¯s government. And they have expressed understanding.¡±
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