2012 Hong Kong Chief Executive Election
On 28 September 2011, in a widely trailed move, Tang resigned from his post, and then in late November announced his candidacy for Chief Executive. He was widely believed to be preferred by Beijing, and hence quickly received support from many financial heavyweights, including Former Monetary Authority chief Joseph Yam Chi-kwong, HSBC Asia-Pacific chief executive Peter Wong Tung-shun, and 'Father of Lan Kwai Fong', Allan Zeman. However, in an unprecedented turn of events, including a series of scandals and dramatically reduced levels of public support, the final vote by the Election Committee saw him lose to Leung Chun-ying.
Read more about this topic: Henry Tang
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