Legco Debate On Epidemic Fund Request To Continue

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

Related News Programmes

"); });

2020-09-25 HKT 19:10

Share this story

facebook

  • The government's epidemic relief fund plans came under severe criticism during the Finance Committee debate. Photo: RTHK

    The government's epidemic relief fund plans came under severe criticism during the Finance Committee debate. Photo: RTHK

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.

RECENT NEWS

South Korea Unveils Digital Asset Basic Act For Stablecoin Issuance

South Korea’s newly elected President Lee Jae-myung is pushing forward with plans to allow stablecoin issuance by loc... Read more

Octopus Taps Wonder As Its Omnichannel Payment Partner Across Hong Kong

Wonder, a payment and fintech platform, has announced its partnership as the purported first omnichannel payment facili... Read more

China And UAE Ink Deal To Boost Cross-Border Payment Cooperation

China’s Cross-Border Interbank Payment System (CIPS) and the Central Bank of the United Arab Emirates (CBUAE) have si... Read more

Hong Kong Approves Banking Amendment To Boost Data Sharing In 2025

The Government welcomed the Legislative Council’s June 4 passage of the Banking (Amendment) Bill 2025, aimed at impro... Read more

Citigroup Lays Off 3,500 In China As Part Of Global Overhaul

Citigroup is cutting 3,500 tech jobs in mainland China to streamline operations and cut costs. The Citigroup China layo... Read more

Hong Kong Expands Crypto Market With Derivative Trading For Investors

Hong Kong’s Securities and Futures Commission (SFC) will soon introduce virtual asset derivatives trading for profess... Read more