Like a lonely love-struck schoolgirl staring at the phone, Hong Kong’s Financial Secretary John Tsang waits and waits for China’s Communist Party HK Compatriot Cadre Micromanagement Dept to process his resignation. Only then can he offer himself as a candidate in the city’s Chief Executive ‘election’ next March.
For semi-official conjecture about the Chinese leadership’s thinking, the South China Morning Post turns to Lau Siu-kai. The all-purpose think-tank/’advisor’/loyalist grants the paper an enigmatic tale about Beijing not wishing to seem either approving or disapproving of Tsang, so dragging out acceptance of his departure for a perfectly non-committal two weeks.
Cheng Yiu-tong of Hong Kong’s Communist-front labour organization comes up with a suitably less la-di-da, more proletarian explanation for the delay: the Beijing officials are busy. It’s such a lame excuse it almost sounds credible – where would you put John Tsang in your list of priorities among Donald Trump telling you to shove the US Navy drone you stole, and capital flight from the country verging on Big Panic Crisis yet again?
While Tsang sits patiently, he might like to ponder yesterday’s question, which was: Would Beijing have the nerve to end Hong Kong’s artificially engineered housing supply/pyramid-scheme/rip-off-scam, if that’s what it took to avert rising social discontent and a growing pro-independence movement that threatened to split the glorious motherland?
A contribution to the debate comes from property tycoon Vincent Lo, who urges the next Chief Executive to continue CY Leung’s policies on housing.
Could these be the policies that have enabled housing prices to rise 45% since CY became CE? Yes they could.