Financing, Insurance, Real Estate and Business Services 金融、保險、地產及商業服務界 | |
---|---|
Former Functional Constituency for the Legislative Council of Hong Kong | |
Electorate | 171,534 [1] |
Former constituency | |
Created | 1995 |
Abolished | 1997 |
Number of members | One |
Member(s) | Andrew Cheng (Democratic) |
Replaced by | Insurance |
The Financing, Insurance, Real Estate and Business Services functional constituency was in the elections for the Legislative Council of Hong Kong first created in 1995 as one of the nine new functional constituencies under the electoral reform carried out by the then Governor Chris Patten, in which the electorate consisted of total 171,534 eligible voters worked in the services sector related to finance, insurance, real estate and business in Hong Kong.
The constituency was abolished with the colonial Legislative Council dissolved after the transfer of the sovereignty in 1997.
A similar Insurance functional constituency was created for the 1998 election by the HKSAR government with a much narrow electorate base which restricted to only less than 200 insurers. [2]
Election | Member | Party | |
---|---|---|---|
1995 | Andrew Cheng | Democratic | |
1997 | Legislative Council dissolved | ||
Party | Candidate | Votes | % | ±% | |
---|---|---|---|---|---|
Democratic | Andrew Cheng Kar-foo | 25,658 | 39.68 | ||
DAB | Fung Chi-kin | 18,674 | 28.88 | ||
Independent | Chan Yuk-cheung | 10,514 | 16.26 | ||
Liberal | Chan Yim-kwong | 5,771 | 8.92 | ||
LDF | Ng Kam-chun | 2,348 | 3.63 | ||
Independent | Chan Tung-ngok | 1,699 | 2.63 | ||
Majority | 6,984 | 10.80 | |||
Total valid votes | 64,664 | 100.00 | |||
Rejected ballots | 4,142 | ||||
Turnout | 68,806 | 40.11 | |||
Registered electors | 171,534 | ||||
Democratic win (new seat) |
The Legislative Council of the Hong Kong Special Administrative Region (LegCo) is the domestic unicameral legislature of Hong Kong. It sits under China's "one country, two systems" constitutional arrangement, and was the power center of Hong Kong's flawed representative democracy.
The Provisional Legislative Council (PLC) was the interim legislature of Hong Kong that operated from 1997 to 1998. The legislature was founded in Guangzhou and sat in Shenzhen from 1996 until the handover in 1997 and moved to Hong Kong to serve as the temporary replacement of the Legislative Council of Hong Kong. It was established by the Preparatory Committee for the Hong Kong Special Administrative Region by resolution at its Second Plenary Session on 24 March 1996. The 60 members of the PLC were elected on 21 December 1996 by the 400-member Selection Committee for the First Government of the HKSAR, which also elected the first Chief Executive. The official start date for this council was on 25 January 1997.
In the political systems of Hong Kong, a functional constituency is a professional or special interest group involved in the electoral process. Eligible voters in a functional constituency may include natural persons as well as other designated legal entities such as organisations and corporations.
The Election Committee is a Hong Kong electoral college, the function of which is to select the Chief Executive (CE) and beginning in 2021 to elect 40 members of the 90 members of the Legislative Council. Established by Annex I of the Basic Law of Hong Kong which states that "the Chief Executive shall be elected by a broadly representative Election Committee in accordance with this Law and appointed by the Central People's Government ." It is formed and performs its selection function once every five years, even in the event of a CE not completing their term. The membership of the Election Committee was expanded to 1,500 under the massive overhaul of the electoral system in 2021. The Election Committee has been criticised for its "small-circle" electoral basis and its composition favouring pro-Beijing and business interests.
Professional Forum, formerly known as the Breakfast Group and The Alliance, was a loose political group of the independent politicians in the Legislative Council in Hong Kong. In October 2012, the group formed the Business and Professionals Alliance for Hong Kong (BPA) with other LegCo members from the pro-business sectors.
The 2008 Hong Kong Legislative Council election was held on 7 September 2008 for the 4th Legislative Council since the establishment of the Hong Kong Special Administrative Region. There were 60 seats in the 4th Legislative Council, with 30 members elected by geographical constituencies through direct elections, and 30 members by functional constituencies. Candidates for 14 functional constituency seats were unopposed.
The 2000 Hong Kong Legislative Council election was held on 10 September 2000 for members of the 2nd Legislative Council (LegCo) of the Hong Kong Special Administrative Region (HKSAR). The election returned 24 members from directly elected geographical constituencies, 6 seats from the Election Committee constituency and 30 members from functional constituencies, of which 9 uncontested.
The 1998 Hong Kong Legislative Council election was held on 24 May 1998 for members of the 1st Legislative Council of Hong Kong (LegCo) since the establishment of the Hong Kong Special Administrative Region (HKSAR) in 1997. Replacing the Provisional Legislative Council (PLC) strictly controlled by the Beijing government and boycotted by the pro-democracy camp, the elections returned 20 members from directly elected geographical constituencies, 10 seats from the Election Committee constituency and 30 members from functional constituencies, of which 10 were uncontested.
The 1995 Hong Kong Legislative Council election for members of the Legislative Council of Hong Kong (LegCo) was held on 17 September 1995. It was the first, and only, fully elected legislative election in the colonial period before transferring Hong Kong's sovereignty to China two years later. The elections returned 20 members from directly elected geographical constituencies, 30 members from indirectly elected functional constituencies, and 10 members from elections committee constituency who were elected by all District Board members.
The 2006 Election Committee subsector elections were held from 7.30 am to 10.30 pm on 10 December 2006 in order to elect 664 members of Election Committee. The Election Committee was responsible for electing the Hong Kong SAR Chief Executive in 2007 Chief Executive Election.
The District Council (Second) functional constituency was a functional constituency in the elections for the Legislative Council of Hong Kong which was created in the 2012 constitutional reform package. It was the largest functional constituency consisted of registered voters who were not eligible for voting in the other functional constituencies.
The Social Welfare functional constituency, formerly called Social Services, is a functional constituency in the elections for the Legislative Council of Hong Kong. The constituency was first created as one of the original 12 functional constituency seats for the first ever Legislative Council election in 1985.
The Finance functional constituency, formerly called the Financial functional constituency, is a functional constituency in the elections for the Legislative Council of Hong Kong first created in 1985. It was one of the 12 original functional constituency seats created for the first ever Legislative Council election in 1985 and was divided into Finance and Financial Services in 1991. It has the fewest electorates among all constituencies, composing of 114 banks and deposit-taking companies as corporate electors.
The Insurance functional constituency is a functional constituency in the elections for the Legislative Council of Hong Kong first created in 1998. Being of the functional constituencies with fewest electorates, the constituency is restricted to only 126 insurers as of 2021. It corresponds to the Insurance Subsector in the Election Committee.
The Real Estate and Construction functional constituency is a functional constituency in the elections for the Legislative Council of Hong Kong first created in 1991. The constituency is composed of 463 corporate members of the Real Estate Developers Association of Hong Kong, Hong Kong Construction Association, and Hong Kong E&M Contractors' Association to vote at general meetings of the Associations. Prior to the 2021 electoral overhaul, the eligible voters included individual members.
The Textiles and Garment functional constituency is a functional constituency in the elections for the Legislative Council of Hong Kong, first created in 1995 as one of the nine new functional constituencies under the electoral reform, carried out by the then Governor Chris Patten in which the electorate consisted of total 60,568 eligible voters related to the textile and garment industry. It was abolished with the colonial Legislative Council and dissolved after the transfer of the sovereignty in 1997.
The Wholesale and Retail functional constituency is a functional constituency in the elections for the Legislative Council of Hong Kong first created in 1995 as one of the nine new functional constituencies under the electoral reform carried out by the then Governor Chris Patten, in which the electorate consisted of total 101,988 eligible voters worked related to the wholesale and retail industry.
The Catering functional constituency is a functional constituency is in the elections for the Legislative Council of Hong Kong. It was created for the 2000 Legislative Council election to replace the Urban Council and Regional Council constituencies. The constituency is composed of bodies of several catering associations. It is also corresponding to the Catering Subsector in the Election Committee. Since its creation, it has been held by Liberal Party's Tommy Cheung.
The 2016 Election Committee subsector elections were held on 11 December 2016 for 1,034 of the 1,200 members of the Election Committee (EC) which is responsible for electing the Chief Executive of Hong Kong (CE) in the 2017 election.