Legco Debates Filibuster-curbing Rule Changes
"); jQuery("#212 h3").html("

"); });
2018-03-01 HKT 12:43
The Legiislative Council's powerful Finance Committee began on Thursday to debate proposed rule changes aimed at curbing filibustering.
Pro-government councillors are looking to strip lawmakers of their power to move motions to adjourn meetings, and restrict them to raise only one new motion during meetings. Pan-democratic lawmakers have in recent years used both procedures to delay votes on controversial funding requests from the government.
Civic Party leader Alvin Yeung was among those who warned that moving ahead with the proposed changes will undercut lawmakers' ability to demand clear answers from officials.
"There will be nothing much left when we have concerns on the way an official answers the questions", Yeung said. "Any changes will harm the future, will harm the future legislators, will harm the future check and balance."
But the convenor of the pro-establishment camp, Martin Liao – who proposed the changes – disagrees, saying there's an "absolute need" to change the rules that he says have been abused by some lawmakers in recent years. Liao says a better balance should be struck between the council's duty to monitor the use of public money, and to vet government funding applications on initiatives that affect people's livelihood.
Circle CEO Says China Could Launch Yuan Stablecoin In 3 To 5 Years As Trade Grows
Circle CEO Jeremy Allaire predicts that China could roll out a yuan stablecoin within three to five years to expand the... Read more
Naver IPO Timeline Set As Dunamu Merger Targets Nasdaq Debut
Preparations for a Naver IPO are underway following an agreement between Naver Financial and cryptocurrency exchange op... Read more
TransUnion Urges Lenders To Rethink Credit Risk For Gig Workers In Hong Kong
TransUnion is urging lenders to update their risk assessment models, revealing that gig workers in Hong Kong exhibit st... Read more
Citi And Endowus Roll Out HK$4,000 Wealth-Linked Credit Card Campaign
Citi and digital wealth platform Endowus have launched a joint credit card promotion in Hong Kong, expanding the Citi E... Read more
Aspire Secures SFC License In Hong Kong To Launch SME Yield Product
Singapore-headquartered fintech Aspire has secured three financial licenses from the Securities and Futures Commission ... Read more
Why Stablecoins May Become The Backbone Of 24/7 Global Trade
Stablecoin transaction volumes surged 72% in 2025, reaching a record US$33 trillion and signalling growing institutiona... Read more
