Hong Kong Chief Executive Donald Tsang sought to restore trust in his leadership and stem a growing outcry over collusion between politics and business, as he pledged to cooperate with a probe into his ties with tycoons.
Hong Kong Chief Executive Donald Tsang said he told China the death of dissident Li Wangyang was “suspicious,” using his final address to legislators to make his strongest criticism of the mainland’s human rights record.
William Ackman, founder of hedge fund Pershing Square Capital Management LP, will “lose a lot of money” on his bet that Hong Kong will amend its currency peg to the dollar, city Chief Executive Donald Tsang said.
Hong Kong Chief Executive Donald Tsang, who accepted private jet and yacht trips offered by tycoon friends, apologized for “disappointing” the public and said the government will impose rules to require officials to disclose conflicts of interests.
Tens of thousands of demonstrators will march in Hong Kong on Monday, calling for greater democracy and action to narrow the wealth gap, as city leader Leung Chun- ying battles near record-low popularity.