Govt Should Order Independent Probe: Liberal Party
"); jQuery("#212 h3").html("

"); });
2019-10-23 HKT 09:26
The leader of the pro-establishment Liberal Party, Felix Chung. said on Wednesday that the government should order an independent probe and restructure the administration to end the ongoing protests.
Chung said the government is being overly simple in the way it deals with the ramifications of the ongoing political crisis.
"If you look at the policy address I think the government is a bit naive to ask people to stop it [protesting] without the government doing anything. Or just urging people to stop doing anything.
"I think that is very naive. I think the government has to do a lot of things to settle the crisis," he said.
"For example, there is a consensus in the general public that an independent investigation commission has to be set up. A restructure of the government has to think about that ... so at least these two particular factors the government must do," the lawmaker said.
The administration on Tuesday announced a HK$2 billion relief package for the retail, catering and transport sectors. Chung said while this will help, businesses' main concern is "when" will the political crisis end.
He told RTHK's Ian Pooler that the industries had seen business drop 30 to 50 percent, and they may not be able to survive another two months of unrest. He criticised government efforts to end the crisis as overly simple.
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
