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A handshake between China’s president and Hong Kong’s financial secretary - but what does it mean?

President Xi Jinping’s brief handshake with Hong Kong’s Financial Secretary John Tsang Chun-wah during a key international meeting in Beijing has raised eyebrows in Hong Kong, where political signals from Beijing are subject to all kinds of interpretation.

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Television news footage shows Xi approaching Tsang at the start of a meeting yesterday. Photo: SCMP Pictures
Ng Kang-chung

President Xi Jinping’s brief handshake with Hong Kong’s Financial Secretary John Tsang Chun-wah during a key international meeting in Beijing has raised eyebrows in Hong Kong, where political signals from Beijing are subject to all kinds of interpretation.

News footage of yesterday’s event showed Xi striding into the hall where he presided over a meeting with the 57 founding member states of the Asian Infrastructure Investment Bank, then approaching and wordlessly shaking hands with Tsang.

Xi did not extend the same gesture to other members of the Chinese delegation, rather walking past them to the front of the hall.

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No matter how remote the possibility, speculation is swirling among political observers that the handshake might indicate Beijing’s preference for Tsang to replace Leung Chun-ying as Hong Kong’s chief executive in two years.

Leung’s administration last month failed to secure Legislative Council approval for a reform package – based on Beijing’s restrictive guidelines – for electing the city’s next leader in 2017. The landslide defeat was in part blamed on pro-establishment lawmakers walking out of the Legco chamber in a miscalculated effort to stall the historic vote, drastically reducing the numbers voting “yes”.
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Finance chief Tsang was part of the Chinese delegation attending the signing ceremony of the Articles of Agreement for the AIIB, a regional lender initiated by China as a counterpoint to the World Bank. Xi hosted the meeting with the founding members and the Chinese delegation.

READ MORE: China to have 30 per cent stake, veto power under AIIB deal

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