Million Dollar Contest Planned To Solve HK Crisis

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

Related News Programmes

"); jQuery(document).ready(function() { jwplayer.key='EKOtdBrvhiKxeOU807UIF56TaHWapYjKnFiG7ipl3gw='; var playerInstance = jwplayer("jquery_jwplayer_1"); playerInstance.setup({ file: "https://newsstatic.rthk.hk/audios/mfile_1489984_1_20191104164008.mp3", skin: { url: location.href.split('/', 4).join('/') + '/jwplayer/skin/rthk/five.css', name: 'five' }, hlshtml: true, width: "100%", height: 30, wmode: 'transparent', primary: navigator.userAgent.indexOf("Trident")>-1 ? "flash" : "html5", events: { onPlay: function(event) { dcsMultiTrack('DCS.dcsuri', 'https://news.rthk.hk/rthk/en/component/k2/1489984-20191104.mp3', 'WT.ti', ' Audio at newsfeed', 'WT.cg_n', '#rthknews', 'WT.cg_s', 'Multimedia','WT.es','https://news.rthk.hk/rthk/en/component/k2/1489984-20191104.htm', 'DCS.dcsqry', '' ); } } }); }); });

2019-11-04 HKT 16:35

Share this story

facebook

  • Christopher Chuang (centre) says he grew up in Hong Kong and would like to do something for the city. Photo: RTHK

    Christopher Chuang (centre) says he grew up in Hong Kong and would like to do something for the city. Photo: RTHK

Christopher Chuang talks to RTHK's Violet Wong

A businessman said on Monday that he is earmarking millions of dollars to organise a contest to find a solution to end the the crisis that has gripped the city.

Christopher Chuang, CEO of a fin-tech company, TGM Group, who’s also a CPPCC member, said the top proposal will be awarded HK$1 million while the judges tasked with picking the best solution will be paid HK$7 million.

Chuang said the proposal should focus on livelihood issues although he admits political conflicts are to blame for the current impasse and only Hong Kong residents can enter the contest.

He said only 100 entries will be chosen and the ideas will have to be non-political. Those with political tones will not be considered. The contest will also be broadcast and live streamed.

Chuang said he grew up in Hong Kong and would like to do something for the city he loves, as society has been divided by social issues since June.

The businessman said he has been to protests sites and talked to the police officers and sympathises with both sides. But both sides are getting further and further away due to political agenda, he said.

"I went down to see many many people including the teenagers, the people behind the masks. And also talk to the police," he said.

"I can see the love in the police eyes for these young people. But at the same time I can see the dream, the lost dream of the teenagers," said Chuang.

He said he recognises his efforts may not solve all the problems in Hong Kong but hopes it will provide a solution.

Chuang told RTHK's Violet Wong that giving support to any side in the political conflict in the city would only add fuel to the flames.

RECENT NEWS

Why Financial Crime Keeps Rising, Even After $200 Billion In Compliance Costs

Despite spending over $200 billion globally on compliance, financial crime continues to surge. AI, deepfakes, and scam ... Read more

Cathay United Bank Launches First Private Banking Operations At Taiwans New Asset Management Hub

Taiwan has launched a new Asset Management Hub in Kaohsiung, aimed at accelerating the development of onshore private b... Read more

OCBC Hong Kong To Launch Serial Entrepreneur Financing By End-2025

OCBC Hong Kong has announced a new financing initiative by OCBC Group aimed at supporting serial entrepreneurs in Hong ... Read more

Hex Trust CEO Joins Hong Kongs Web3 Task Force

Alessio Quaglini, CEO and Co-founder of Hex Trust, has been appointed as a non-official member of the Hong Kong SAR Gov... Read more

E-Wallets Vs Digital Banks: Whats The Winning Fintech Model In Southeast Asia?

At Money20/20 Asia, we sat down with Jaykie Tan, Head of Business Development APAC at Mambu, and Cecilia Tan, Regional ... Read more

Hong Kong Introduces Anti-Scam Charter 3.0 To Tackle Online Financial Fraud

The Hong Kong Monetary Authority (HKMA), the Securities and Futures Commission (SFC), the Insurance Authority (IA), and... Read more