The talk is that Rita Fan Hsu Lai-tai, the former president of the legislature and current member of the National People's Congress Standing Committee, is poised to contest the next chief executive election in 2012. If Fan does - and wins - she would not only be the first woman in Hong Kong to have been at the helm of the legislature, but also the first to hold the highest position in politics. That wouldn't be too bad, given that a mature democracy like Australia has only just got its first woman prime minister.
So we can be happy in the knowledge that we live in a truly cosmopolitan and open society where we like the sound of women warriors roaring. Or can we?
We can, if we look at how the city's women have risen up the ranks of power: the examples of Lydia Dunn, the 'handbag brigade', and democracy advocates deserving of the 'goddess' title show that Hong Kong's women have made significant headway not only in the corporate world but also in politics. These women proved themselves tough and able, fighting in traditionally male-dominated establishments and coming out on top.
We now have 76 (18.8 per cent) directly elected women district councillors. Of the 164 women who ran in the 2007 district council elections, 46.3 per cent of them won their seats (against 44.3 per cent for men), indicating that gender is not an issue for the general electorate.
The 2007 Legislative Council by-election battle between Anson Chan Fang On-sang and Regina Ip Lau Suk-yee drew a historical high for by-election turnout (52.6 per cent). The all-female ticket fielded by the Civic Party in the 2008 Legco poll got two women elected.
Women now make up 18 per cent of our legislature (seven in geographical constituencies and four in functional constituencies). Our figures look pretty good - better than our counterparts in the United States, where women have 90 out of the 535 seats (16.8 per cent) in both houses of the US Congress.