Hong Kong Finance Chief Quits; Leadership Bid Expected

Hong Kong’s financial arch quiescent Monday, in what is widely seen as a preface to a care bid for a southern Chinese city’s tip job.

Financial Secretary John Tsang tendered his resignation, a supervision said, in a pierce that came after a city’s deeply unpopular stream leader, Chief Executive Leung Chun-ying, announced suddenly on Friday that he would not find a second tenure in office.

Rumors and conjecture have been swirling for months that Tsang would step down and put himself brazen as a claimant to reinstate Leung, whose five-year tenure ends in June.

Tsang, 65, has been dubbed “Mr. Pringles” given his mustache reminds many Hong Kongers of a potato chip brand’s mascot. Educated in a U.S., Tsang has been a city’s financial arch given 2007.

Tsang is Hong Kong’s second-most renouned open official, with an capitulation rating of 62 percent, according to a survey final month by Hong Kong University pollsters. Leung, meanwhile, was last, with a 71 percent condemnation rating. About 1,000 people were polled for a survey, that had a domain of blunder of 3 commission points.

Leung, who cited family reasons for not stability in a job, is widely reviled for his tough position opposite pro-democracy activists and lawmakers and given he’s suspected of carrying low ties to China’s comrade leaders. Tsang, meanwhile, has a some-more tractable open persona.

Hong Kong leaders are selected by a 1,200-member row of mostly pro-Beijing tycoons and elites, that is scheduled to make a collect in March. So far, one person, late decider Woo Kwok-hing, has publicly announced his goal to run for a pursuit of heading a city of 7.2 million.

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