'Consult Welfare Experts Before Buying Properties'

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

"); });
2019-03-02 HKT 13:13
The Chief Executive of the Hong Kong Council of Social Service, Chua Hoi-wai, has urged the government to consult experts before buying any private properties for welfare use.
Financial Secretary Paul Chan had announced in his budget on Wednesday that the government will spend around HK$20 billion dollars to buy at least 60 private units to house welfare facilities such as childcare and elderly centres.
But the plan has come under skepticism from critics who say the plan will benefit landlords or push up property prices.
Chua, for his part, stressed the proposal will be hugely beneficial to the elderly and working mothers. To allay the society’s concerns, he said the government should increase its transparency and consult welfare professionals before making the purchases to make sure the sites are suitable and can readily meet people's needs.
“We should be very cautious not to jack up the property prices. I believe that the government’s procurement policy could have some special measures on this. And I also think that some related professionals can be involved, and the public and also the Legislative Council can have some monitoring measure”, Chua said.
TOPPAN Edge Becomes Japans First Qualified VLEI Issuer
The Global Legal Entity Identifier Foundation (GLEIF) has announced TOPPAN Edge, a subsidiary of TOPPAN Holdings that p... Read more
SFC And Dubais DFSA Partner On Cross-Border Regulatory Cooperation
The Dubai Financial Services Authority (DFSA), the independent regulator of the Dubai International Financial Centre (D... Read more
Toss To Launch Finance Super-App In Australia, Plans Won-Based Stablecoin
South Korea’s fintech unicorn Toss is preparing to launch its finance super-app in Australia before the end of this y... Read more
China Funds Research On Stablecoins And Cross-Border Oversight
China’s largest government-backed research funder has begun accepting applications for studies on stablecoins and the... Read more
XTransfer, CZBank Shanghai Branch Form Cross-Border Finance Partnership
XTransfer has entered into a partnership with the Shanghai branch of China Zheshang Bank (CZBank). The agreement was si... Read more
Brinc Launches VentureVerse Through Acquisition Of OG Club
Brinc, a Hong Kong-based venture acceleration and corporate innovation firm, has acquired OG Club, a decentralised auto... Read more