Finance Committee Elects Head Amid Chaotic Scenes
"); jQuery("#212 h3").html("

"); });
2019-10-14 HKT 18:39
Pro-Beijing lawmaker Chan Kin-por has been re-elected as the chairman of Legco's finance committee despite attempts by pro-democracy lawmakers to delay the process.
For over nine hours spanning two days, the pan-dems had raised repeated procedural questions and nominated 22 lawmakers to delay the proceedings.
As rows broke out repeatedly, opposition lawmakers Gary Fan, Chu Hoi-dick and Ted Hui were ejected on Monday.
Fan had disrupted the voting and was thrown out after he snatched the ballot boxes. But fellow pan-democrats surrounded him and prevented his ejection, leading to a brief adjournment.
The meeting then resumed in a different room and amid more arguments, a vote was completed and Chan with 36 votes was declared elected to head the committee.
Opposition lawmaker Claudia Mo said Chan is not fit to be chairman again, saying he is a part of the reason why Hong Kong people are continuing their protests against the existing regime.
"He is not here to cooperate with the government, but collaborate with the government, [to do] whatever the government wants," she said.
But Chan refuted criticism from the rival camp, and blamed the pro-democracy side for the chaos in Hong Kong.
HKMA Warns Of Fake Stablecoins As Licensed Issuers Have Yet To Launch Tokens
The Hong Kong Monetary Authority (HKMA) has warned the public about fake stablecoins in Hong Kong, specifically flaggin... Read more
Tazapay Secures Money Service Operator License In Hong Kong
Singapore-based cross-border payments company Tazapay has secured a Money Service Operator (MSO) license in Hong Kong. ... Read more
Livi Bank Posts First Full-Year Profit In 2025 As Loans Rise 49%
Hong Kong digital bank livi bank reported a full-year profit of HK$21 million for 2025. For the year, total operating i... Read more
FWD Group Reports US$720M In New Business Sales As Expansion Continues
FWD Group reported a 4% year-on-year increase in new business sales to US$720 million for the first quarter of 2026, dr... Read more
WeLab Bank 2025 Revenue Hits HK$942M After Securing First-Half Profitability
WeLab Bank achieved profitability in the first half of 2025 and reported a 35% year-on-year revenue increase to HK$942 ... Read more
Ripple And Kbank Roll Out Institutional Digital Asset Wallet In South Korea
Ripple has partnered with Kbank to deploy an institutional digital asset wallet in Korea, equipping the internet bank w... Read more