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.
Is Hong Kongs Default Life Insurance Choice A Wealth Drain?
Hong Kong is a city that takes financial security seriously, boasting one of the highest insurance penetration rates in... Read more
RedotPay Secures $107M Series B, Total Funding Hits $194M
RedotPay, a global stablecoin-based payment fintech, has closed a US$107 million Series B round, bringing its total cap... Read more
91% Of Hong Kong Merchants Lose Revenue To Payment Friction
Aspire has released its Hong Kong Ecommerce Pulse Check 2025, highlighting that while mid-sized ecommerce merchants rem... Read more
Do Kwon Faces Possible Trial In Korea After US Conviction
Do Kwon, the crypto tycoon behind the 2022 collapse of TerraUSD and Luna, caused an estimated US$40 billion in investor... Read more
Startale, SBI Holdings To Develop Japans Regulated Yen Stablecoin
Startale Group and SBI Holdings have signed a MoU to jointly develop and launch a fully regulated Japanese yen-denomina... Read more
KakaoBank Expands In Indonesia Through Superbank Partnership
KakaoBank, South Korea’s largest internet-only bank, is accelerating its global expansion through a deepened partners... Read more
