Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Business
    3. >Hong Kong’s first ‘patriots-only’ election kicks off
    Business

    Hong Kong’s First ‘patriots-Only’ Election Kicks Off

    Published by maria gbaf

    Posted on September 20, 2021

    3 min read

    Last updated: February 5, 2026

    Add as preferred source on Google
    The image captures the start of Hong Kong's first patriots-only election. It shows voters, mostly pro-establishment supporters, casting their ballots under increased police security, reflecting significant political changes in the city.
    Voting for Hong Kong's first patriots-only election amid heavy police presence - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Quick Summary

    Hong Kong's first patriots-only election begins, reshaping its political landscape with Beijing loyalists and reducing tycoon influence.

    Hong Kong's Patriots-Only Election Begins Amid Political Changes

    By Sara Cheng and Alun John

    HONG KONG (Reuters) -Fewer than 5,000 Hong Kong people from mostly pro-establishment circles began voting on Sunday for candidates to an election committee, vetted as loyal to Beijing, who will pick the city’s next China-backed leader and some of its legislature.

    Pro-democracy candidates are nearly absent from Hong Kong’s first election since Beijing overhauled the city’s electoral system to ensure that “only patriots” rule China’s freest city.

    “The whole objective of improving the electoral system is to ensure patriots administer Hong Kong,” Carrie Lam, Hong Kong’s chief executive, said on Sunday morning.

    “I doubt very much that another government or country will allow the public election to their local legislature of people whose mission is to undermine the national interest or national security.”

    The election committee will select 40 seats in the revamped Legislative Council in December, and choose a chief executive in March.

    Police have ramped up security across the city, with local media reporting 6,000 officers are expected to be deployed to ensure a smooth vote, in which about 4,900 people are expected to cast ballots.

    Changes to the political system are the latest in a string of moves – including a national security law that punishes anything Beijing deems as subversion, secession, terrorism or collusion with foreign forces – that have placed the international financial hub on an authoritarian path.

    Most prominent democratic activists and politicians are now in jail or have fled abroad.

    China’s rubber-stamp parliament in May changed Hong Kong’s electoral system, reducing democratic representation in institutions and introducing the vetting mechanism for election candidates and winners. This all but removed any influence the opposition was able to exert.

    The changes also dramatically reduced the influence of the city’s powerful tycoons https://www.reuters.com/article/hongkong-security-tycoons/with-tighter-grip-beijing-sends-message-to-hong-kong-tycoons-fall-in-line-idUSKBN2GD08D, although groups close to their business interests retain a presence in the 1,500-strong committee that selects Hong Kong’s chief executive.

    TYCOONS OUT, SONS REMAIN

    China promised universal suffrage as an ultimate goal for Hong Kong in its mini-constitution, the Basic Law, which also states the city has wide-ranging autonomy from Beijing.

    Democracy campaigners and Western countries say the political overhaul moves the city in the opposite direction, leaving the democratic opposition with its most limited space since Britain handed the former colony back to China in 1997.

    Committee membership for 117 community-level district councillors, dominated by democrats, was scrapped, while more than 500 seats designated for Chinese business, political and grassroots groups were added.

    The new electoral list includes community-level organisations such as Modern Mummy Group and Chinese Arts Papercutting Association, Cable TV reported.

    Representation from professional subsectors that traditionally had a bigger pro-democracy presence was diluted by the addition of ex-officio members, reducing the number of elected seats.

    About 70% of the nominees did not feature in the last two polls for the committee, which will expand by 300 members to 1,500, Reuters calculations based on the election committee website showed.

    Many prominent tycoons, including Hong Kong’s richest man Li Ka-shing, will not be on the election committee for the first time, as Beijing seeks to rebalance power from big conglomerates to small businesses.

    Three property moguls – Li, 93, of CK Asset Holdings, Lee Shau-kee, also 93, of Henderson Land, and Henry Cheng, 74, of New World Development – withdrew from the race, although their sons will retain their seats.

    (Reporting by Sara Cheng and Alun John; Additional reporting by Greg Torode; Writing by Marius Zaharia; Editing by William Mallard and Edmund Klamann)

    Key Takeaways

    • •Hong Kong holds its first patriots-only election.
    • •Beijing overhauls Hong Kong's electoral system.
    • •Pro-democracy candidates largely absent.
    • •Influence of Hong Kong tycoons reduced.
    • •Security heightened with 6,000 officers deployed.

    Frequently Asked Questions about Hong Kong’s first ‘patriots-only’ election kicks off

    1What is the main topic?

    The main topic is Hong Kong's first patriots-only election, a significant political shift ensuring Beijing loyalists lead.

    2Why is this election significant?

    This election marks a major overhaul of Hong Kong's electoral system, reducing democratic representation and increasing Beijing's influence.

    3How has the influence of tycoons changed?

    The influence of Hong Kong's powerful tycoons has been reduced, with many prominent figures not participating in the election committee.

    More from Business

    Explore more articles in the Business category

    Image for Nominate Now: Chairman of the Year 2026
    Nominate Now: Chairman of the Year 2026
    Image for Submit Your Entry Today for CEO of the Year 2026
    Submit Your Entry Today for CEO of the Year 2026
    Image for Submit Your Entry Today for Best Management Team 2026
    Submit Your Entry Today for Best Management Team 2026
    Image for Nominate Your Team: Best Innovation Management Team 2026
    Nominate Your Team: Best Innovation Management Team 2026
    Image for Submit Your Entry for Years of Excellence Awards 2026
    Submit Your Entry for Years of Excellence Awards 2026
    Image for Nominations Open for Travel & Hospitality Awards 2026
    Nominations Open for Travel & Hospitality Awards 2026
    Image for Submit Your Entry Today for Telecom Awards 2026
    Submit Your Entry Today for Telecom Awards 2026
    Image for Submit Your Entries for The Next 100 Global Awards 2026
    Submit Your Entries for the Next 100 Global Awards 2026
    Image for Submit Your Entry: Public Sector & Governance Excellence Awards 2026
    Submit Your Entry: Public Sector & Governance Excellence Awards 2026
    Image for Nominations Invited for Real Estate Development Awards 2026
    Nominations Invited for Real Estate Development Awards 2026
    Image for Submit Your Entry: Process & Product Awards 2026
    Submit Your Entry: Process & Product Awards 2026
    Image for Call for Entries: HR & Recruitment Awards 2026
    Call for Entries: HR & Recruitment Awards 2026
    View All Business Posts
    Previous Business PostUK’s Meat Industry Warns CO2 Shortage Could Hit Food Supplies
    Next Business PostChina Evergrande’s Lenders Weigh up Loan Losses, Rolling Over Credit – Sources