Lawrence Wong made leader of the PAP's 4G team in Singapore

Singapore Prime Minister Lee Hsien Loong, Finance Minister Lawrence Wong and former minister Khaw Boon Wan speak at a press conference after Wong was announced as the leader of the ruling People's Action Party's 4G team.

For more: Lawrence Wong selected as leader of Singapore's PAP 4G team

Video transcript

[MUSIC PLAYING]

LAWRENCE WONG: Now I will be taking on what would possibly be the biggest responsibility of my life. I am under no illusions about the demands of the job. It will get more challenging with greater political contestation and a growing desire for diversity in parliament.

[MUSIC PLAYING]

KHAW BOON WAN: As you heard, I asked the stakeholders to name their choices, other than themselves, and to rank them. 15 of the 19 stakeholders chose Lawrence as their preferred leader. None of the others named garnered more than two votes.

[MUSIC PLAYING]

LEE HSIEN LOONG: I will discuss with Lawrence and we will decide later what's the best strategy for us to fight the next general election, whether for me to hand over to him first, he consolidates, he leads into the next election-- it's clearly the 4G team and will be in charge after the next election-- or I go into the next election leading the PAP, fight the next election, win, and if we win, after that, Lawrence takes over and then the 4G team goes forward.

[MUSIC PLAYING]

LAWRENCE WONG: I look forward to working closely with everyone to take the PAP and Singapore forward and to earn the trust and support of each and every Singaporean.

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