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Antony Leung - Wikipedia, the free encyclopedia Leung, a former banker and civil service outsider, took the top economic post in one of the world's key financial centres on May 1, 2001. Leung started his banking career as a currency trader and spent 23 years with Citicorp where he took up regional management positions in investment, corporate and private banking in Hong Kong, New York, Singapore and Manila. Leung began to come under severe criticism in January 2003, when he bought a HK$790,000 (US$101,282) Lexus LS 430 just weeks before he raised the tax on new vehicles in his March budget. en.wikipedia.org /wiki/Anthony_Leung   (1415 words)

SignOnSanDiego.com > News > World -- Hong Kong prosecutors will not file charges in ex-finance chief's 'cargate' ... Leung was investigated for allegedly having abused his office when he saved thousands of dollars by purchasing a Lexus just before he raised auto registration taxes, but the director of public prosecutions, Grenville Cross, said no case will be brought. Leung appears to have committed misconduct when he realized there had been a problem with the car purchase and failed to disclose it to Tung's Executive Council, but it was apparently because he wanted "to save himself possible embarrassment and nothing more sinister than that," Cross said. Leung bought the Lexus while his wife, Chinese Olympic gold medalist "diving queen" Fu Mingxia, was expecting their first child – and it's possible that was all that was on his mind, as he claimed, Cross said. www.signonsandiego.com /news/world/20031215-0150-hongkong-carscandal.html   (556 words)

The Telegraph - Calcutta : International   (Site not responding. Last check: 2007-10-08) Leung and Ip were the two officials who came under the most fire in Tung’s unpopular cabinet, but much criticism has also been heaped on the Beijing-appointed leader himself. Leung has been under fire for other reasons and the territory’s justice department said earlier yesterday it was considering whether to charge him over the car controversy. After a local newspaper exposed his purchase, Leung denied he was avoiding the new tax of HK$50,000 and said he needed the new car for the arrival of his first-born, a daughter, in February. www.telegraphindia.com /1030717/asp/foreign/story_2172073.asp   (652 words)

Antony Leung -- Facts, Info, and Encyclopedia article   (Site not responding. Last check: 2007-10-08) Leung began to come under severe criticism in January 2003, when he bought a HK$790,000 (US$101,282) (Click link for more info and facts about Lexus LS 430) Lexus LS 430 just weeks before he raised the tax on new vehicles in his March budget. On July 16, 2003 Leung resigned with immediate effect in the wake of mass protests over the government's handling of a (Click link for more info and facts about controversial anti-subversion bill) controversial anti-subversion bill, having failed to reduce record high unemployment and revive battered consumer confidence. An interesting contrast between Leung and Ip after their departure from the government was highlighted by (Capital of the People's Republic of China in the Hebei province in northeastern China; 2nd largest Chinese city) Beijing's apparent attitude towards them. www.absoluteastronomy.com /encyclopedia/a/an/antony_leung.htm   (1445 words)

HELLO! Tai Tai .com Antony Leung resigned from the Hong Kong government in July 2003 after prosecutors began reviewing his purchase of a luxury car just weeks before he raised auto registration taxes - a move that saved Mr Leung thousands of dollars though he called it an oversight. Mr Leung resigned after it was revealed he had bought a luxury Lexus car to ferry around Ms Fu and their baby ahead of announcing tax increases on new vehicles in the budget in 2003. Financial Secretary Leung, 50, caused a stir in Hong Kong and mainland China when he announced to the local media in March that he was dating the 23-year-old three-time Olympic champion Fu. www.geocities.com /hello_tai_tai/chinesediver.html   (1127 words)

Antony Leung   (Site not responding. Last check: 2007-10-08) Leung, banquero anterior y forastero de la función pública, tomó el poste económico superior en uno de los centros financieros dominantes del mundo de mayo el 1 de 2001. Leung dicho los periódicos dio hacia arriba a paquete de un banquero regordete más que HK$23 millón (USS3 millón) un año para un HK$2.45 más modesto millón. Leung comenzó su carrera de las actividades bancarias como comercio del dinero en circulación y había pasado 23 años con Citicorp donde él tomó posiciones regionales de la gerencia en las actividades bancarias de las actividades bancarias de la inversión, de la corporación y privadas en Hong-Kong, Nueva York, Singapur y Manila. www.yotor.net /wiki/es/an/Antony%20Leung.htm   (1512 words)

Foreign Correspondents' Club Hong Kong - The Correspondent - August-September 2001 We were surprised and pleased by how active, open and engaged "Antony" (as he urged us call him) was in every aspect of the welfare of this city. Leung, while concurring, thought the key was to abandon education "by rote" and instill an atmosphere of creativity, essential in the era of IT. Antony promised to return again to address all the club on the health of the economy. www.fcchk.org /correspondent/corro-aug01/aug-prez.htm   (433 words)

Leung: Increasing taxes may not be suitable Leung said the government was well aware of the general slowdown in major world economies, but he gave no clues as to the direction nor extent of its planned revision. The government cut the territory's 2001 growth forecast to 3 per cent in May and some analysts believe it may be forced to trim it again due to the slowdown in the global economy and lower demand for the territory's exports. Leung indicated that changes may be in the offing further down the road. www.chinadaily.com.cn /en/doc/2001-08/10/content_75811.htm   (388 words)

JS Online: Hong Kong Raises Taxes in Deficit Fight   (Site not responding. Last check: 2007-10-08) Leung said a drop in government revenues will push the deficit for the fiscal year ending March 31 to 70 billion Hong Kong dollars ($8.97 billion) from a deficit of 63.3 billion Hong Kong dollars a year earlier. Leung said he plans to tighten the belts of Hong Kong people gradually - and in a way they can manage - in order to balance the budget in four years. Leung said people will also pay higher property taxes, higher airport departure taxes and even taxes on the air conditioning systems of new cars, if the systems were installed in the factory. www.jsonline.com /bym/news/ap/mar03/ap-hong-kong-econo030503.asp?format=print   (409 words)

Encyclopedia: Antony Leung John Pierpont Morgan (April 17, 1837 – March 31, 1913), American financier and banker, was born in Hartford, Connecticut, a son of Junius Spencer Morgan (1813–1890), who was a partner of George Peabody and the founder of the house of J. Morgan and Co.... The Closer Economic Partnership Arrangement (CEPA) is an economic agreement between the Hong Kong SAR government and the Peoples Republic of China central government, signed on June 29, 2003. Antony Leung Kam-chung (梁錦松, Pinyin: Liáng Jǐnsōng, born 1952 in Hong Kong) was the former Financial Secretary of the Hong Kong Special Administrative Region (HKSAR). www.nationmaster.com /encyclopedia/Antony-Leung   (2703 words)

Top Hong Kong officials quit in wake of protests / Both had ties to leadership in Beijing The resignations of Regina Ip, the secretary of security, and Antony Leung, the financial secretary, represent a very public humiliation for Beijing because the two had the reputation of enjoying particularly close ties to top communist officials. Leung is a former student radical who married Fu Mingxia, China's Olympic gold medalist in diving, last summer. Leung is the third-ranking official in the government, after Tung and Donald Tsang, the chief secretary. www.sfgate.com /cgi-bin/article.cgi?file=/chronicle/archive/2003/07/17/MN85309.DTL&type=printable   (757 words)

Features Item : Hong Kong Seizes the Technology Tool   (Site not responding. Last check: 2007-10-08) For instance, according to Leung, Asia's financial crisis of 1997 hit Hong Kong hard, and just when it seemed like the worst was over, the global economy was stunned by the terrorist attacks of September 11. But Leung notes that Hong Kong is "lucky" to have a strong economic neighbor in the Mainland of China. Leung notes that government leaders several years ago decided to invest in purpose-built infrastructure like the Applied Science and Technology Research Institute (ASTRI) and the Hong Kong Institute of Biotechnology. www.worldtrademag.com /CDA/ArticleInformation/features/BNP__Features__Item/0,3483,88573,00.html   (470 words)

CNN.com - Hong Kong to hike taxes - Mar. 5, 2003 Leung said that Hong Kong's economy is expected to grow by three percent this year, after expanding by 2.3 percent in 2002, faster than the government's projection for two percent growth. Leung proposed to raise Hong Kong's standard personal tax rate to 16 percent from 15 percent in two phases in 2003/04 and 2004/05. Leung also said the government will consider implementing a goods and services tax in the long term to try to broaden its revenue base. cnn.com /2003/BUSINESS/asia/03/05/hk.budget.reut   (778 words)

Hong Kong battles political ... - Jul. 18, 2003   (Site not responding. Last check: 2007-10-08) The resignations announced late Wednesday of Financial Secretary Antony Leung and Security Secretary Regina Ip were "not enough", said legislator Emily Lau of the Frontier Party, one of the groups behind the petition. The unprecedented demonstrations were seen as a damning vote of no-confidence in Tung and his government, and both Ip and Leung had emerged as the most unpopular members in the already unpopular administration. Leung meanwhile had become embroiled in a scandal this year after it emerged that he had purchased a luxury car a few weeks before announcing a tax hike on similar vehicles in his budget. www.inq7.net /wnw/2003/jul/18/text/wnw_1-1-p.htm   (472 words)

VOANews.com - Hong Kong's Financial, Security Ministers Resign to Defuse Controversy Leung, who has been involved in a tax scandal in recent months, scored only a point higher. Leung first came under fire in March when the media discovered he had purchased a luxury automobile just before introducing a tax increase on cars. Leung were at the top of the list of officials that people said should go. www.globalsecurity.org /military/library/news/2003/07/mil-030716-voa08.htm   (439 words)

2 Top Officials in Hong Kong Resign in Wake of Protests Leung attracted the most vehement criticism at a march on July 1 that drew a half-million people, most of them to protest a stringent internal-security bill that Mrs. Leung, whose resignation came two hours later and seemed to catch the government by surprise, said he felt that he had completed budgetary and economic stimulus plans that he wanted. Leung said in a statement that his resignation was effective immediately; Mr. www.nytimes.com /2003/07/17/international/asia/17HONG.html?ex=1373774400&en=113c7c51d653f64a&ei=5007&partner=USERLAND   (924 words)

The Canadian Club of Toronto   (Site not responding. Last check: 2007-10-08) Leung was the Asia-Pacific Chairman of J.P. Morgan Chase & Co. Prior to this, Mr. Leung spent 23 years with Citicorp where he took regional management positions in investment banking, corporate and private banking in Hong Kong, New York, Singapore and Manila. Leung will share his insights into the future development of Asian economies with particular focus on how closer Canada—Hong Kong partnerships can capitalize on the unprecedented opportunities presented by the opening and growth of the huge China market. www.canadianclub.org /index.cfm?action=event&ID=73   (185 words)

Muzi.com | LatelineNews : HK's Leung to stay despite row over car purchase   (Site not responding. Last check: 2007-10-08) Leung came under intense fire from the media and public this week after it emerged he bought a luxury car just weeks before he imposed a hefty tax hike for new cars on March 5. Leung told reporters Hong Kong leader Tung wrote him a letter this week reprimanding him for "serious negligence" and saying that he had breached the code of conduct governing the territory's ministers. Leung donated a sum of HK$380,000 to charity this week to try to pacify an outraged public, whose anger over his string of tax hikes and welfare cuts in the recent budget hit boiling point on news of his car purchase. stars.dailynews.muzi.com /ll/english/1251279.shtml   (438 words)

No prosecution for Antony Leung Ms Leung had delegated the task of deciding whether or not to prosecute the former financial secretary to Mr Cross to avoid any perception of bias because of her former working relationship with Mr Leung. Leading counsel from the private Bar, John Griffiths and Martin Wilson, concluded that when the totality of the evidence was examined, a prosecution of Mr Leung for the offence of misconduct in public office could not be justified. Mr Griffiths and Mr Wilson were correct to advise that although Mr Leung should have made a declaration to the Executive Council about his car purchase, this was not misconduct of sufficient seriousness to justify prosecution. www3.news.gov.hk /ISD/ebulletin/en/category/lawandorder/031215/html/031215en08002.htm   (572 words)

BW Online | July 23, 2001 | Online Extra: Q&A with Hong Kong Financial Secretary Leung Hong Kong Financial Secretary Antony Leung is a rarity, a man with an impressive private-sector background who has recently stepped into the third-most-senior official post in Hong Kong, a slot that in the past was almost invariably filled by a career civil servant. Leung, the Asia-Pacific Chairman for J.P. Morgan Chase and Co. until he took up the new post on May 1, has attacked the job with the pragmatic, can-do spirit of a man who has risen through the ranks of the private sector. Leung says education, finance, tourism, and logistics are all areas where Hong Kong, despite its high costs, can carve out a profitable role as China grows. www.businessweek.com /magazine/content/01_30/b3742077.htm   (1821 words)

Print Backgrounds Hong-Kong   (Site not responding. Last check: 2007-10-08) On Hong Kong's unemployment and the widening income gap, Mr Leung said it was inevitable and unavoidable in a globalised economy. One caller congratulated Mr Leung for taking economy class and said he hoped he would do this all the time. Mr Leung replied that for short trips, it was fine. www.nuffic.nl /positionering/epos/0203/hongkong/backgrounds/printbackhongkong7.html   (550 words)

HK cabinet headhunt forces Tung retreat Former financial secretary Antony Leung Kam-chung left in disgrace, facing possible prosecution on abuse of powers in the purchase of a luxury sedan just before he introduced a tax hike for such products. When Leung was appointed to the financial top job in 2001, there were murmurs within the civil service, as Leung was a career banker, or more precisely a foreign-exchange trader, without any public financial management portfolio. Ever since Leung's resignation was announced on July 15, the media in Hong Kong have been inundated with prominent business and academic figures denying their interest in stepping in. www.freerepublic.com /focus/f-news/958452/posts   (873 words)

Linkage 199 English Edition   (Site not responding. Last check: 2007-10-08) Higher education in Hong Kong has to be revamped in order to prepare the younger generation for the challenges of the emerging knowledge-based economy, said Mr Antony Leung, Chairman of the Education Commission, at an open forum jointly organized by CityU and the Society of Hong Kong Scholars in early January. While Mr Leung expounded on the idea of liberalizing higher education, of "freeing" universities from the tremendous influence of the UGC funding mechanism, some participants voiced their worries about the excessive influence of the market philosophy on higher education institutions. Mr Leung maintained that it is a more diverse type of higher education that the government wants to foster, by borrowing techniques from the business sector. www.cityu.edu.hk /puo/linkage/02-2001/e010206.htm   (484 words)

LEUNG "LEUNG" is a common misspelling or typo for: lean, lounge, lung, lunge. However, Financial Secretary Antony Leung has indicated that none of these reforms will be implemented in the near future. "LEUNG" is used about 5 times out of a sample of 100 million words spoken or written in English. www.websters-online-dictionary.org /definition/english/LE/LEUNG.html   (459 words)

Simon World :: Democracy HK style   (Site not responding. Last check: 2007-10-08) Former financial secretary Antony Leung Kam-Chung has escaped prosecution over the Cargate scandal after the Department of Justice concluded there was insufficient evidence to prove his actions had criminal intent. Lawyers groups have welcomed the decision not to press charges against former financial secretary Antony Leung Kam-chung, saying it heralds a new era in transparency and openness by the Department of Justice. We think differently, and even though what Antony Leung did was wrong, the fact that he was shamed publicly is punishment enough. simonworld.mu.nu /archives/008445.php   (1990 words)

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