Hong Kong can achieve a lot with Carrie Lam in charge, former finance minister says

Head of health investment group has held regular discussions with the chief exeuctive-elect but she has not asked him to join her cabinet

PUBLISHED : Wednesday, 19 April, 2017, 7:03am
UPDATED : Wednesday, 19 April, 2017, 7:03am

Former Hong Kong financial secretary Antony Leung Kam-chung says he has high hopes that the next government can achieve much under a new leader.

“I feel hopeful about the new government. I think the government under Ms Carrie Lam Cheng Yuet-ngor’s leadership can achieve and do a lot,” he said after officiating an event in Shenzhen on Tuesday.

Lam, who won the chief executive election on March 26 on a promise to heal political divisions, has been working round the clock to find people to serve in her administration.

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The new government takes office on July 1 and Lam says filling her cabinet has been a “nightmare” process. Leung said he had not been invited to join her team.

“But I think that doesn’t matter, as there are many roles to serve Hong Kong and the country,” said Leung, who now heads New Frontier, a Hong Kong and Shanghai-based investment group that supports health care and internet services in mainland China.

“What matters most is Hong Kong can unite and provide a good future for young people.”

Leung said he had been in “regular discussion” with Lam on different areas, including education and innovative industries.

Leung quit as financial secretary in July 2003 under the shadow of “Lexusgate” – his purchase of a luxury car shortly before he announced in his budget a proposal to sharply increase the first-registration tax on newly purchased vehicles.

On Tuesday New Frontier signed an agreement to cooperate with Shenzhen-based Best Unimed Medical Group, with Leung’s group investing at least 1 billion yuan (HK$1.13 billion) to become the major shareholder.

The medical group is expected to build a 2,000-bed hospital in Shenzhen within two years. While the group’s focus is on developing medical services in Guangdong province in the coming three years, it is considering a nationwide expansion later.