Hong Kong finance chief quits; leadership bid expected
HONG KONG — Hong Kong’s financial chief resigned Monday, in what is widely seen as a prelude to a leadership bid for the southern Chinese city’s top job.
Financial Secretary John Tsang tendered his resignation, the government said, in a move that came after the city’s deeply unpopular current leader, Chief Executive Leung Chun-ying, announced unexpectedly on Friday that he would not seek a second term in office.
Rumors and speculation have been swirling for months that Tsang would step down and put himself forward as a candidate to replace Leung, whose five-year term ends in June.