The business sector in the Legislative Council adds a seat to the China Enterprise Association Li Fanfeng: 100% live chickens and pigs are supplied to Hong Kong by members

Political situation

Written by: Wu Zhuoan

2021-05-09 21:20

Last update date: 2021-05-09 21:20

After the electoral reform, the Legislative Council has increased to 90 seats, and an additional seat for the business community (3), elected by the China Enterprise Association.

Chief Executive Carrie Lam Cheng Yuet-ngor interviewed Li Fanfeng, Chief Executive Officer of China Mobile Hong Kong on the program "Overview of Election Committee Subsectors". During the interview, Li pointed out that China Enterprise Association members accounted for the share of Hong Kong economy and more and more Hong Kong people were hired. Semi-listed companies are also members of the China Enterprise Association, and their total asset value accounts for 80% of the overall listed companies. Nearly 100% of live chickens and pigs are also supplied to Hong Kong by members of the China Enterprise Association.

The total asset value of Chinese enterprise members accounts for 80% of the overall listed company

Li Fanfeng pointed out that the members of the China Enterprise Association are mainly concentrated in the five major industries in Hong Kong, including finance, transportation, real estate construction, retail and wholesale, and import and export. He pointed out that the members’ share of the Hong Kong economy and the number of Hong Kong people employed are increasing, more than half. Listed companies are also members of the China Enterprise Association, and their total assets account for 80% of the total listed companies. Nearly 100% of live chickens and pigs are also supplied to Hong Kong by members of the China Association.

Lin Zheng stated that members of the China Enterprise Association are very active in Hong Kong. During her tenure as an official and chief executive, she also met with the China Enterprise Association once or twice a year to encourage members to participate in public welfare undertakings. He also mentioned the Greater Bay Area Youth Employment Program. Participation of Chinese-funded enterprises.

Li Fanfeng pointed out that the Greater Bay Area provides many employment opportunities for Hong Kong. He took the technology industry as an example. There are too few people in Hong Kong, but the Greater Bay Area has a huge market. Hope the Greater Bay Area can help Hong Kong science and technology companies integrate into the mainland industry and commerce.

The insurance sector’s membership in the Election Committee has been reduced from 18 to 17. The former chairman of the Hong Kong Federation of Insurance Industries, Chen Peiliang, interviewed by Lam Cheng said that although the insurance sector has one less seat, the representativeness of the election system has increased and the unevenness of the past can be reduced. Interests dilute, and they believe that even if there are fewer seats, they will support the improvement of the overall electoral system and the interests of Hong Kong.

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