Lawmakers Endorse Funding For Govt Revamp
"); jQuery("#212 h3").html("

"); });
2022-06-10 HKT 16:40
Legco's Finance Committee on Friday approved a funding request for the government restructuring plan that's costing an additional HK$95 million in salary each year.
Under the revamp, the number of policy bureaus will go up from the current 13 to 15; new deputies are added to the chief, financial and justice secretaries; and dozens more staff will be hired.
Seventy-three lawmakers voted in favour of the plan and one voted against, with two abstentions.
Some of those who were not in the chamber when the vote was held, such as Alice Mak of the Federation of Trade Unions, Priscilla Leung from the Business and Professionals Alliance and the DAB's Horace Cheung, have been tipped to join the incoming government as politically-appointed officials.
In supporting the funding request, DAB chairwoman Starry Lee said her party hopes the government can do a better job on planning by taking reference to the country's Five Year Plans.
Third Side lawmaker Tik Chi-yuen, who voted against the request, expressed reservations about the three new deputy secretary posts, saying officials have not explained clearly what their roles would be.
The restructuring sees the setting up of a new Culture, Sports and Tourism Bureau, while the Transport and Housing Bureau will be split into two and the Home Affairs Bureau will become the Home and Youth Affairs Bureau.
HashKey Lists On Hong Kong Exchange
HashKey listed on the Main Board of The Stock Exchange of Hong Kong Limited, becoming the first digital asset company t... Read more
North Korea Linked To Over Half Of 2025 Crypto Heist Losses
TRM has published new research showing that North Korea-linked actors were responsible for more than half of the US$2.7... Read more
South Korea Forms Task Force After Coupang Data Breach
The South Korean government announced on Thursday (19 December) that it will establish an interagency task force to add... Read more
Is Hong Kongs Default Life Insurance Choice A Wealth Drain?
Hong Kong is a city that takes financial security seriously, boasting one of the highest insurance penetration rates in... Read more
RedotPay Secures $107M Series B, Total Funding Hits $194M
RedotPay, a global stablecoin-based payment fintech, has closed a US$107 million Series B round, bringing its total cap... Read more
91% Of Hong Kong Merchants Lose Revenue To Payment Friction
Aspire has released its Hong Kong Ecommerce Pulse Check 2025, highlighting that while mid-sized ecommerce merchants rem... Read more
