Change Outdated Laws On Prop Money: Ma Fung-kwok
"); jQuery("#212 h3").html("
"); jQuery(document).ready(function() { jwplayer.key='EKOtdBrvhiKxeOU807UIF56TaHWapYjKnFiG7ipl3gw='; var playerInstance = jwplayer("jquery_jwplayer_1"); playerInstance.setup({ file: "http://newsstatic.rthk.hk/audios/mfile_1399422_1_20180601161950.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', 'http://news.rthk.hk/rthk/en/component/k2/1399422-20180601.mp3', 'WT.ti', ' Audio at newsfeed', 'WT.cg_n', '#rthknews', 'WT.cg_s', 'Multimedia','WT.es','http://news.rthk.hk/rthk/en/component/k2/1399422-20180601.htm', 'DCS.dcsqry', '' ); } } }); }); });
2018-06-01 HKT 16:19
Ronny Tong talks to RTHK's Wendy Wong
The lawmaker representing the Sports, Performing Arts, Culture and Publication sector has called for change in regulations, a day after two men were convicted for holding fake banknotes intended for movie-making.
Ma Fung-kwok said current regulations governing the use of prop money are outdated.
Film props company owner Cheung Wai-chuen and logistics firm employer Law Yun-lam were given suspended jail sentences on Thursday for possessing counterfeit cash.
Ma said he was concerned by the ruling and offered to help if Cheung and Law plan to appeal over their case.
He added that he has written to the Financial Services and the Treasury Bureau and the Commerce and Economic Development Department to demand improvements to current restrictions on the use of prop money.
He noted that it would ruin the audience's enjoyment of a film if they see the word "prop" on fake banknotes. He said it would also be "not ideal" to destroy prop money after every use.
But Senior Counsel Ronny Tong defended the regulations. He said it’s important for an international financial centre like Hong Kong to have strict laws regulating the production of fake money.
Tong said the filmmakers could have applied to the Monetary Authority for exemptions if they wanted to produce fake cash for film production.
He told RTHK's Wendy Wong that other financial centres like New York and Singapore also have similar laws.
How Core Modernisation Is Paving The Way For Invisible Banking
In an era dominated by digital innovation, the banking sector is evolving rapidly to meet the modern consumer’s deman... Read more
ZA Bank Financial Performance Shows Strong Growth, Reduced Losses Last Year
ZA Bank, a virtual bank in Hong Kong, has reported a substantial increase in its financial performance for the past yea... Read more
Elon Musk Impersonated In Suspected Quantum AI Crypto Fraud
The Securities and Futures Commission (SFC) has issued a public warning about suspected fraud involving the entity know... Read more
Why Hong Kong Is Primed For A Crypto ETF Breakthrough
In the dynamic landscape of global finance, Hong Kong has emerged as a frontrunner in innovative exchange-traded funds ... Read more
MixCare Health And Pacific Prime Collaborate On Digital Health Platform
MixCare Health, a Hong Kong-based digital health and wellness platform, has partnered with Pacific Prime, an internatio... Read more
Mox Bank Revenue Triples In 2023 Driven By New Services And Customer Growth
Mox Bank announced that it has tripled its revenue in 2023, driven by an increase in its customer base, deposits, and l... Read more