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.
HSBC And Standard Chartered Venture Reportedly Among First For Hong Kong Stablecoin Licenses
People familiar with the matter say HSBC and a joint venture led by Standard Chartered will likely be among the first f... Read more
Hong Kong Taxi E-Payment Adoption Surges, Hits 90% Ahead Of April 2026 Mandate
The taxi industry is moving decisively toward digital payments as the mandatory Hong Kong taxi e-payment requirement, s... Read more
SUNRATE Renames China Payment Unit Following Regulatory Approval
SUNRATE has changed the name of its China-licensed entity from Transfar Pay to SUNRATE Pay following following regulato... Read more
Bithumb Could Face Six-Month Business Suspension Over AML Breaches
Financial authorities plan to impose significant sanctions on virtual asset exchange Bithumb for breaching anti-money l... Read more
HSBC Hong Kong Enables Digital Consolidation Of Multiple Passbooks
HSBC Hong Kong has introduced a new Passbook Consolidation feature on the HSBC HK App, allowing customers to view and m... Read more
PAObank Launches Flexible Wealth Service For Retail Customers
PAObank has launched a new wealth service, offering a dual-advantage solution that allows customers to switch between i... Read more