Funding Drive Against CY Tops HK$2mn In Seven Days
"); jQuery("#212 h3").html("

"); jQuery(document).ready(function() { jwplayer.key='EKOtdBrvhiKxeOU807UIF56TaHWapYjKnFiG7ipl3gw='; var playerInstance = jwplayer("jquery_jwplayer_1"); playerInstance.setup({ file: "http://newsstatic.rthk.hk/audios/mfile_1391367_1_20180416181426.mp3", skin: { url: location.href.split('/', 4).join('/') + '/jwplayer/skin/rthk/five.css', name: 'five' }, hlshtml: true, width: "100%", height: 30, wmode: 'transparent', primary: navigator.userAgent.indexOf("Trident")>-1 ? "flash" : "html5", events: { onPlay: function(event) { dcsMultiTrack('DCS.dcsuri', 'http://news.rthk.hk/rthk/en/component/k2/1391367-20180416.mp3', 'WT.ti', ' Audio at newsfeed', 'WT.cg_n', '#rthknews', 'WT.cg_s', 'Multimedia','WT.es','http://news.rthk.hk/rthk/en/component/k2/1391367-20180416.htm', 'DCS.dcsqry', '' ); } } }); }); });
2018-04-16 HKT 10:57
A crowdfunding campaign to launch an investigation on alleged non-disclosure by former Chief Executive CY Leung has reached its target of raising HK$2 million in just seven days.
The Democratic Party's campaign, named "wolf-hunting", had initially expected to reach the target in three months' time.
The fund drive is to look into allegations relating to a HK$50 million payment Leung received from Australian firm UGL in a deal struck before he took over as Chief Executive in 2012.
Among other things, Leung is accused of not disclosing the deal to the Executive Council, even though he has denied any wrongdoing in the matter.
Since the launch of the fundraising exercise, Leung's lawyers have issued letters to members of the Democratic Party managing the campaign – lawmakers Lam Cheuk-ting, Andrew Wan, Roy Kwong and barrister Senia Ng – threatening to take legal action against them. But the opposition party leaders have vowed to continue their probe.
The ICAC is still investigating the case, but there has been no official word about its current status. However, officials have rejected media reports that surfaced earlier saying that the Department of Justice had decided to drop the case.
Circle CEO Says China Could Launch Yuan Stablecoin In 3 To 5 Years As Trade Grows
Circle CEO Jeremy Allaire predicts that China could roll out a yuan stablecoin within three to five years to expand the... Read more
Naver IPO Timeline Set As Dunamu Merger Targets Nasdaq Debut
Preparations for a Naver IPO are underway following an agreement between Naver Financial and cryptocurrency exchange op... Read more
TransUnion Urges Lenders To Rethink Credit Risk For Gig Workers In Hong Kong
TransUnion is urging lenders to update their risk assessment models, revealing that gig workers in Hong Kong exhibit st... Read more
Citi And Endowus Roll Out HK$4,000 Wealth-Linked Credit Card Campaign
Citi and digital wealth platform Endowus have launched a joint credit card promotion in Hong Kong, expanding the Citi E... Read more
Aspire Secures SFC License In Hong Kong To Launch SME Yield Product
Singapore-headquartered fintech Aspire has secured three financial licenses from the Securities and Futures Commission ... Read more
Why Stablecoins May Become The Backbone Of 24/7 Global Trade
Stablecoin transaction volumes surged 72% in 2025, reaching a record US$33 trillion and signalling growing institutiona... Read more
