Changes To Constitution A Step Forward: HK Deputy
"); jQuery("#212 h3").html("

"); });
2018-03-05 HKT 11:20
A Hong Kong deputy to the National People's Congress (NPC), Peter Wong, said that the proposals to amend the Chinese constitution is not a move backward, but a step forward towards an enhanced democracy.
The Standing Committee of the National People’s Congress also proposed amending the constitution to remove the two-term limit on the president, adding President Xi’ Jinping's Thought on Socialism with Chinese Characteristics for a New Era in the document, as well as creating a new anti-graft super body calls the National Supervision Commission.
The Standing Committee has said that during consultations and studies, officials and communist party members unanimously supported the changes.
Wong said the changes are good for the country's development. "You have a supervisory committee to check on all government public servants, including the president and the vice-president. If they are not doing their job, the supervisory committee should act. So it is a more enhanced democratic system," he said.
The supervisory element will also remove fears about any individual "becoming a king", Wong said.
Ripple GSmart Delivers Treasury-Native AI That Supports Human Control
Ripple has announced an expansion of GSmart, the treasury-native AI capabilities which are built into Ripple Treasury. ... Read more
Pam Kaur To Stay On As HSBC Adviser After Leaving Group CFO Post
Pam Kaur, HSBC‘s Group Chief Financial Officer, plans to leave the role in 2027. She will not stand for re-election a... Read more
HKMA, HKEX, Nasdaq Dubai And DFSA Establish Strategic Working Group
The Hong Kong Monetary Authority (HKMA), Hong Kong Exchanges and Clearing Limited (HKEX), the Dubai Financial Services ... Read more
Unlimit Secures Hong Kong Money Service Operator License
Global financial infrastructure company Unlimit has secured a money service operator license from the Hong Kong Customs... Read more
Reap Launches Virtual Asset Ledger For Direct Crypto Card Payments
Reap has launched a Virtual Asset Ledger that allows clients of its card issuing platform to fund card spending directl... Read more
Citi To Launch Instant Blockchain Cross-Border Payments In Japan
Citi plans to launch a blockchain-based cross-border payments service for Japanese companies this year, allowing busine... Read more
