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HONG KONG: A new alliance comprising a long list of prominent figures and tycoons will focus on ways to move Hong Kong forward and repair the rift in society by seeing how to create jobs for young people and revive the economy.
Created by two of Hong Kong’s previous CEOs, Mr. Tung Chee Hwa and Mr. Leung Chun Ying, the Hong Kong Coalition has more than 1,500 members from all walks of life.
Both Mr. Tung and Mr. Leung are vice-chairs of the Chinese People’s Political Consultative Conference, the main advisory body of China.
Members of the coalition include business magnate Li Ka Shing and his two sons, property magnate Lee Shau Kee, current member of the Standing Committee on the National People’s Congress Tam Yiu Chung, and Maria Tam of the Basic Law Committee.
At Tuesday’s launch (May 5), Tung outlined three crises the city now has to face: the coronavirus pandemic, political stagnation, and a slumping economy.
Although the Covid-19 outbreak has stabilized in Hong Kong, he warned that Hong Kong people should remain vigilant, adding that protests against extradition last year have fragmented society and that anti-government forces behind the movement have pushed Hong Kong on the brink.
Hong Kong’s economy contracted 8.9 percent in the first quarter from a year earlier, making it the biggest decline on record since 1974, according to advance estimates released Monday.
Finance Secretary Paul Chan previously said the economy is expected to contract 4 to 7 percent this year.
To help residents and the economy, Leung said the new group, whose manifesto includes upholding the “one country, two systems” principle, will discuss concrete plans to create jobs and develop youth experience through training programs. and volunteering.
On the Covid-19 pandemic, he said the coalition received comments from various representatives on how to ease the burden on residents.
To this end, the coalition will deliver 10 million face masks for children and adults over the weekend.
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