Legco Approves Additional HK$10bn For Shatin Link

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

"); });
2020-06-12 HKT 21:28
Legislators on Friday approved an additional HK$10 billion in funding for the troubled Shatin-to-Central rail link, after pro-government councillors voted down all motions by their rivals.
The chair of Legco's Finance Committee, Chan Kin-por stopped legislators from asking more questions from 4 pm, saying they were repetitive and the item had been discussed for a long time.
At the end, the funding application was passed - with 30 votes for, and 21 against.
The first phase of the new rail link, between Tai Wai and Kai Tak, was opened in February, while the remaining section to Hung Hum is expected to open next year.
The cross-harbour section, meanwhile, is slated for service in 2022.
2025 Hong Kong Fintech Report: What You Need To Know
Hong Kong is hitting the gas when it comes to fintech innovation, regulation and adoption. From the passage of the Stab... Read more
DigiFT Secures SFC Licenses To Offer Tokenised Asset Services In Hong Kong
DigiFT, a Singapore-based digital asset platform focused on institutional-grade tokenised real-world assets (RWAs), has... Read more
JCB Contactless Cards Now Accepted On Shanghai And Beijing Subways
Japan’s JCB has announced that JCB cardholders can now use their contactless cards to access the subway systems in Sh... Read more
Hong Kong Sets Out Next Phase Of Digital Asset Policy
Hong Kong’s Financial Services and the Treasury Bureau (FSTB) has issued an updated policy statement setting out the ... Read more
Hong Kong Overtakes Singapore In Wealthtech Adoption
Across Asia-Pacific (APAC)’s key wealth management hubs, Hong Kong is emerging as the frontrunner in wealthtech, over... Read more
Chinas AI Capex To Hit 700 Billion Yuan In 2025 Amid US Tech Rivalry
Capital expenditure on AI in China is expected to reach between 600 billion yuan and 700 billion yuan (US$84 billion to... Read more