Monday, 13 March 2017

CY Leung Rises up Beijing Ranks

CY Leung walks to the rostrum after being elected vice-chairman to CPPCC
Beijing welcomed its favourite son to the fold, with Hong Kong Chief Executive elected as a vice chairman of the Chinese People's Political Consultative Conference today.

In a vote, 2,066 voted in favour to appoint him as vice-chairman, 13 against, and six abstaining. Six delegates did not vote. Wonder who those 19 people are...

After the formal closing of the plenum, President Xi Jinping strode over to shake Leung's hand, followed by Premier Li Keqiang.

Afterwards Leung is congratulated by Xi Jinping
Reports say Leung looked tense as he bowed to the audience and bowed to state leaders and the standing committee of the CPPCC.

He becomes the first chief executive to hold two roles simultaneously, though his first job will end at the end of June when he steps down as CE.

It is believed Leung got the vice-chairman gig as a big thank you from Beijing for curbing pro-independence forces in Hong Kong, but really their numbers are minuscule. He must have really frightened them to be awarded such an honorary post.

However being a vice-chairman of the CPPCC isn't going to land him big bucks -- he will make HK$12,000 a month.

But he won't necessarily be immune from investigation or prosecution. Between 2012 and 2013, Leung received HK$50 million from a deal between his former company DTZ and Australian firm UGL.

The position didn't protect Su Rong from prosecution
Leung says he formally resigned from the position of director from insolvent property firm DTZ on November 24, 2011, and ceased to be a director when he signed a "non-compete and non-poach" agreement with UGL, which bought DTZ in early December that year.

But we have seen former CPPCC vice-chairman Su Rong get in trouble with the law. A year after his appointment to the senior leadership position, in March 2013, Su was probed for bribery.

In January this year, he was sentenced to life imprisonment for taking bribes upwards of 116 million yuan.

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