Legco Debate On Epidemic Fund Request To Continue
"); jQuery("#212 h3").html("

"); });
2020-09-25 HKT 19:10
Legco Finance committee on Friday failed to vote on a government request for more cash for the anti-epidemic fund and decided to continue the discussions on Monday.
After a marathon debate that lasted the entire day, committee chairman Chan Kin-por called for an end to the day's proceedings without a vote and said they will continue the debate on Monday.
The Carrie Lam administration, which is seeking a HK$5.4 billion injection into its anti-epidemic fund, came under attack from lawmakers on both sides of the political spectrum during the discussions.
Both the opposition and pro-establishment camp accused the officials of not doing enough to help people and enterprises affected by the Covid-19 pandemic.
The Democratic Party called for another round of universal payouts, while the Liberal Party said more subsidies should be allocated to firms that had been ordered to close during the peak of the recent outbreak.
DAB lawmaker Ben Chan said his party will still support the funding, but expressed disappointment at the lack of more support for sectors like cross-border non-franchised transport sector.
Government officials, led by Chief Secretary Matthew Cheung, told the members that the government was doing its best to help the people tide over the crisis.
HSBC Launches TradeCash In Hong Kong To Accelerate Trade Finance Access
HSBC has launched a digital trade finance tool called HSBC TradeCash, allowing businesses in Hong Kong to upload sales ... Read more
HKEX And HKMA Launch Pilot On E-HKD For After-Hours Margin Payments
Hong Kong Exchanges and Clearing Limited (HKEX) and the Hong Kong Monetary Authority (HKMA) have launched a joint pilot... Read more
Can You Trust AI Agents To Stay Within Your Intent?
Checking someone’s ID at the door of a nightclub tells you who they are, but it does not tell you how they will behav... Read more
China CITIC Bank Taps Tencent Cloud For Fintech 2.0 Banking Push In Hong Kong
Tencent Cloud has signed a strategic cooperation agreement with China CITIC Bank International (CNCBI) to support the d... Read more
Payful Launches Cloud-Based Visa Charge Card Programme Via BPC SmartVista
Chinese cross-border payment company Payful has launched a cloud-native Visa charge-card programme for corporate and me... Read more
Hong Kong Banking Taskforce Convenes To Plan Northern Metropolis Financing
The Northern Metropolis Financial Advisory Taskforce held its inaugural meeting on 17 June to discuss the financing nee... Read more
