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Economy / Hong Kong

Hong Kong

January 2005 | Risk Summary

Chinese President Hu Jintao publicly rebuked Hong Kong Chief Executive Tung Chee-hwa and his ministers, in full view of the media, when he publicly told them to reflect on how they had been running Hong Kong over the past seven years, examine their shortcomings and raise the level of their governance. The criticism follows a number of policy mistakes by Hu, which have increased calls for his resignation and led to greater demands for the introduction of full democracy in Hong Kong. Public discontent with the government reached a peak on July 1 2003 and 2004, when more than 500,000 Hong Kongers took to the streets to demand more democracy.

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