Frank Chan Should Quit Over Hung Hom: Abraham Shek
"); jQuery("#212 h3").html("

"); });
2020-05-13 HKT 14:15
Pro-Beijing lawmaker Abraham Shek has called on Transport Secretary Frank Chan to resign, to take responsibility for the construction scandal at Hung Hom MTR Station.
Shek, who represents the real estate and construction industry, made the comments during a Legco debate on Wednesday on this year's budget.
During the debate, pro-democracy lawmakers tabled a number of amendments to cut the wages of various officials, including Chan. But Shek said that a wage reduction or even an apology from the transport minister would not be sufficient.
"On the one hand, he's monitoring his own department, [and] he's also on the board of directors for the MTR Corporation," said Shek.
"What is meant by the accountability system? I think he's supposed to take up the responsibility, and he shouldn't have failed us," the legislator added.
But engineering sector lawmaker Lo Wai-kwok said a commission of inquiry has already examined the scandal in an objective and detailed way.
Lo said people may have various opinions and criticism, but he thinks they should look ahead at how the government and the MTR implement suggested improvements for future railway projects.
The commission's final report on the controversy was released on Tuesday.
It said Hung Hom MTR Station is safe despite the construction flaws, but there had been "serious deficiencies" on the part of the government, MTR and the main contractor Leighton, including poor craftsmanship, bad management and lax oversight.
EX.IO Partners With Franklin Templeton To Expand Tokenised Assets In Hong Kong
EX.IO, a licensed virtual asset trading platform in Hong Kong, has formed a strategic partnership with global investmen... Read more
HKMC Prices HK$12 Billion Digital Bond Issuance, Largest Globally
The Hong Kong Mortgage Corporation Limited (HKMC) has priced its inaugural digital bond issuance, raising approximately... Read more
MUFG, SMFG And Mizuho Plan Joint Yen Stablecoin By March 2027
Three of Japan’s largest financial groups, MUFG, SMBC, and Mizuho, plan to jointly issue a stablecoin by March 2027, ... Read more
TransUnion Launches Free Credit Reports For Lost HKID Holders In Hong Kong
TransUnion is offering a one-time free credit report to eligible individuals in Hong Kong who have lost their Hong Kong... Read more
Why HSMs Are Becoming Essential For Digital Asset Key Security
Conversations revolving around digital asset finance often return to the blockchain, but Shaun Chen’s concern sits cl... Read more
Webinar: The Deepfake Threat And What APAC Financial Institutions Are Doing About It
Generative AI is making fraud more convincing and easier to scale. Reports of Gen AI-enabled scams rose 456% between Ma... Read more