Legco Puts Joint Checkpoint Meetings On Fast Lane
"); jQuery("#212 h3").html("

"); });
2018-03-05 HKT 17:39
A Legco committee scrutinising the controversial joint checkpoint plan for the express rail link at West Kowloon, is speeding up its vetting process, squeezing in as many as 12 meetings before the end of April to discuss the proposal.
The committee has also scheduled an entire day on March 17 for a public hearing on the issue. The bill committee's chairwoman, Regina Ip, said the panel hopes to allow as many as 100 people to express their opinions on the plan.
Opposition lawmakers have accused Ip of working to bulldoze the bill through the legislature by limiting the time allocated for legislators to speak, but she denies it.
Ip said she has set no deadline to deal with the bill, but hopes it can be passed before Legco's summer break.
Critics have accused the government proposal to allow mainland officials to be stationed at the West Kowloon terminal of contravening the Basic Law, which stipulates that mainland laws can be applied in the city.
Officials have denied this, saying the arrangement will help boost the city's economy.
China To Inject US$44 Billion Into State Banks To Boost Tech And Curb Risks
China said it will inject 300 billion yuan (US$44 billion) into state-owned banks this year to guard against systemic r... Read more
Hong Kong Regulators Expand GenAI Sandbox To Insurance, Securities And MPF Sectors
The Hong Kong Monetary Authority (HKMA), Securities and Futures Commission (SFC), Insurance Authority (IA), and Mandato... Read more
South Korea To Cap Crypto Exchange Ownership At 20%
South Korean regulators and lawmakers have agreed to cap major shareholder stakes in cryptocurrency exchanges at 20%, d... Read more
DBS Hong Kong Partners With Know Your Customer To Automate SME Onboarding
Know Your Customer Limited, a provider of automated business verification solutions, has partnered with DBS Hong Kong t... Read more
Hong Kong Banks Extend Loan Repayment Relief For Tai Po Fire Victims
The Hong Kong Monetary Authority (HKMA) and the Hong Kong Association of Banks (HKAB) have met to discuss additional su... Read more
Hong Kong And Macao Deepen Financial Cooperation With Updated Agreement
The Hong Kong Monetary Authority (HKMA) and the Monetary Authority of Macao (AMCM) held a meeting on March 3 to strengt... Read more