Lack Of Quorum Disrupts Legco's Budget Debate

"); jQuery("#212 h3").html("

"); });
2019-04-17 HKT 17:31
The full meeting of the Legislative Council was adjourned on Wednesday because the required number of lawmakers were not present.
It is the first adjournment of the meeting since Legco rules were changed in 2017, which gives Legco President, Andrew Leung, the power to decide when to convene the meeting again.
Lawmakers were debating this year's budget on Wednesday afternoon, when People Power lawmaker Ray Chan called for a quorum count.
When it was found there were only 32 lawmakers present, the house was adjourned. The minimum number required is 35.
Liberal Party leader Felix Chung said that under new Legco rules, delaying tactics won't work.
"Since we have changed the rules of procedures, the president can start the meeting anytime. Filibustering in this way will not work anymore," he said.
TOPPAN Edge Becomes Japans First Qualified VLEI Issuer
The Global Legal Entity Identifier Foundation (GLEIF) has announced TOPPAN Edge, a subsidiary of TOPPAN Holdings that p... Read more
SFC And Dubais DFSA Partner On Cross-Border Regulatory Cooperation
The Dubai Financial Services Authority (DFSA), the independent regulator of the Dubai International Financial Centre (D... Read more
Toss To Launch Finance Super-App In Australia, Plans Won-Based Stablecoin
South Korea’s fintech unicorn Toss is preparing to launch its finance super-app in Australia before the end of this y... Read more
China Funds Research On Stablecoins And Cross-Border Oversight
China’s largest government-backed research funder has begun accepting applications for studies on stablecoins and the... Read more
XTransfer, CZBank Shanghai Branch Form Cross-Border Finance Partnership
XTransfer has entered into a partnership with the Shanghai branch of China Zheshang Bank (CZBank). The agreement was si... Read more
Brinc Launches VentureVerse Through Acquisition Of OG Club
Brinc, a Hong Kong-based venture acceleration and corporate innovation firm, has acquired OG Club, a decentralised auto... Read more