'Backlog Of Funding Requests Will Need To Wait'

"); jQuery("#212 h3").html("

Related News Programmes

"); jQuery(document).ready(function() { jwplayer.key='EKOtdBrvhiKxeOU807UIF56TaHWapYjKnFiG7ipl3gw='; var playerInstance = jwplayer("jquery_jwplayer_1"); playerInstance.setup({ file: "https://newsstatic.rthk.hk/audios/mfile_1466915_1_20190706121059.mp3", skin: { url: location.href.split('/', 4).join('/') + '/jwplayer/skin/rthk/five.css', name: 'five' }, hlshtml: true, width: "100%", height: 30, wmode: 'transparent', primary: navigator.userAgent.indexOf("Trident")>-1 ? "flash" : "html5", events: { onPlay: function(event) { dcsMultiTrack('DCS.dcsuri', 'https://news.rthk.hk/rthk/en/component/k2/1466915-20190706.mp3', 'WT.ti', ' Audio at newsfeed', 'WT.cg_n', '#rthknews', 'WT.cg_s', 'Multimedia','WT.es','https://news.rthk.hk/rthk/en/component/k2/1466915-20190706.htm', 'DCS.dcsqry', '' ); } } }); }); });

2019-07-06 HKT 12:10

Share this story

facebook

  • 'Backlog of funding requests will need to wait'

The chairman of the Legislative Council's Finance Committee, Chan Kin-por, said on Saturday the vetting of a backlog of funding requests will probably have to wait until the new legislative year begins in October.

The committee had been due to consider more than 40 items before the summer break, including hospital expansion and pay rises for civil servants.

Chan said his committee now has nowhere to meet, after protesters stormed the Legco building on Monday. He estimated the cost of repairing the building would cost as much as HK$70 million.

"Basically it is not safe for everyone – for the Legco members, for the public, for the government officials, for the staff there," he said.

"So unless we can resolve that problem, I think it is not reasonable, or even fit at all, to have the meeting there."

Chan said they may have to wait until October and then substantially increase the number of hours the committee will meet for, so outstanding items can be cleared.

However, Democratic Party lawmaker James To said he sees no reason why the Finance Committee cannot just meet in other Legco rooms that were relatively unscathed by Monday's storming.

To questioned whether there were other motives for not wanting to hold the committee meetings within Legco.

"It's normal, we have a room, so we do it," he said. "And if those items, we believe, are not controversial, then why worry about safety, security?"

RECENT NEWS

Eric Trump To Speak At Bitcoin Asia 2025 In Hong Kong

Eric Trump, the second son of US president Donald Trump, is set to speak at the upcoming Bitcoin Asia 2025 conference i... Read more

Hong Kong Digital Banking Survey Reveals User Concerns And Growth Potential

ECHO ASIA, partnering with students from Global Business Studies, CUHK Business School, announced the release of the H... Read more

InvestHK Attracts HK$160 Billion In 2025, With Fintech As Top Sector

Invest Hong Kong (InvestHK) announced on 7 July 2025 that it supported over 1,300 overseas and Mainland companies in se... Read more

ZhongAn Online Completes US$500M H Share Placement To Fuel Core Insurance Growth

ZhongAn Online P & C Insurance Co., Ltd (Zhong An, HKEX:6060) announced the completion of its H share placement on ... Read more

Beyond KYC: How Technology Is Transforming The Fraud Prevention Game

Digital wallets and cryptocurrencies are two of the most targeted channels for fraud this year, according to SEON’s 2... Read more

2025 Hong Kong Fintech Report: What You Need To Know

Hong Kong is hitting the gas when it comes to fintech innovation, regulation and adoption. From the passage of the Stab... Read more