trending Market Intelligence /marketintelligence/en/news-insights/trending/H-vWY3ZjtXy399kj7mr1iQ2 content esgSubNav
In This List

Lawmakers table motion to impeach HK Chief Executive

Blog

Insight Weekly: Bank boards lag on gender parity; future of office in doubt; US LNG exports leap

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Podcast

Street Talk | Episode 99 - Higher rates punish bond portfolios, weigh on bank M&A

Blog

Insight Weekly: Loan growth picks up; US-China PE deals fall; France faces winter energy crunch


Lawmakers table motion to impeach HK Chief Executive

Hong Kong lawmakers backing greater democracy have tabled an impeachment motion against the territory's Chief Executive Leung Chun-ying after he allegedly tried to influence an investigation into an undeclared payment he received from Australian engineering firm UGL, the South China Morning Post reported June 7.

In May, Leung admitted to making suggestions to Holden Chow Ho-ding, vice-chairman of a select committee set up to probe a HK$50 million payment to Leung by UGL, which was not declared to the executive council.

Civic Party head Alvin Yeung Ngok-kiu, one of the lawmakers who tabled the motion, said that Leung's interference could lead to serious repercussions for the legislature's independence. Leung's five-year term ends on June 30. He denies any wrongdoing in the UGL case.

As of June 6, US$1 was equivalent to HK$7.79.