Honk Kong citizens have supported pro-democracy candidates to swing the election in their favor.
There have been severe protests against the government for at least six months and people have shown their support for pro-democracy candidates in the local elections held on Sunday.
People are standing up against the terrifying grip of Chinese authorities. There have severe violent protests and demonstrations against the prevailing political crisis.
The win in the local elections is a sign of public sentiment ruling Hong Kong. The pro-democratic candidates have won almost 90 percent of the seats. Out of 452 seats, they have won 390 district council seats giving a landslide win to the pro-democratic party. The Democratic party has won just 100 seats.
Hong Kong was originally a British colony. It was handed over to China in 1997. The high autonomy in Hong Kong works under the principle “one country, two systems” and has its own self-governing power.
People, however, question the framework “one country, two systems”, saying that there are fundamental problems involved in it. The autonomy that was promised by Beijing has been denied to Hong Kong for the past 20 years and recently there have been big demonstrations, protesting for democracy.
RTHK Public broadcaster says that the result is a “routing victory” for the pro-democratic party.
Chief Executive Carrie Lam says she respects the “election results”. Junius Ho and Michael Tien, critics of the pro-democracy movement have conceded defeat.
On his Facebook, Ho writes that it has been an “exceptional year” and election with “abnormal result”.
The Hang Seng index saw a good jump by a 1.5 percent increase. It closed at 26.993.04 on Monday. AIA life insurance surged by more than 3 percent and was the chief driver of the market, after the landslide victory by the pro-democracy candidates.
In China, the Shanghai Composite was up by 0.72 percent on Monday, while the Shenzhen component closed flat.