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Hong Kong votes down electoral proposal

Jun. 18, 2015 1:58 AM ETEWH, FCHI, EWHS, FHKBy: Yoel Minkoff, SA News Editor2 Comments
  • Hong Kong's legislature has vetoed a China-vetted electoral reform package that had been criticized by pro-democracy lawmakers as flawed and undemocratic.
  • Although the new system would allow the next leader to be directly chosen by voters, Beijing would retain the right to choose the candidates on the ballot.
  • Prior to the vote, Hong Kong’s government made it clear that if the package was defeated, the status quo would prevail and the chief executive would continue to be chosen by a committee of 1,200 members.
  • ETFs: EWH, EWHS, FCHI, FHK

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