More Wish-lists Ahead Of Budget

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

"); });
2019-02-24 HKT 13:36
About 60 people from the Society for Community Organisation have called for the government increase spending on poverty alleviation, housing and health in the upcoming budget.
The cap on government spending is set at one-fifth fifth of the city's gross domestic product.
But SOCO's community organiser Richard Tsoi says the cap should be raised to one-quarter, as he believes the government has sufficient reserves to support more public spending.
Speaking at a demonstration outside government headquarters, he said: "I think in the past, the government has lots of constraints on expanding public expenditure, that are limiting the government from providing more services and welfare ... We are now facing the elderly problem, we also face the problem of 1 million poor people."
Legislator Priscilla Leung was among another group of people outside government headquarters.
Leung, from the Business and Professional Alliance, called on the government to set aside HK$100 billion to re-introduce its Special Loan Guarantee Scheme for small and medium-sized enterprises. The amount is equal to about a quarter of the government's annual recurrent expenditure.
Leung and about 30 people from Kowloon West also urged the government to provide more tax benefits to and a one-month rent waiver to public housing tenants to relieve their burden.
Future Fintechs Hong Kong Subsidiary Seeks VASP And Asset Management Licenses
Future Fintech, a financial and digital technology services provider, announced that its wholly owned Hong Kong subsidi... Read more
Can Regulation Scale With Innovation? Inside The Stablecoin Plans Of HK And The U.S.
Back in 2022, stablecoins were still an emerging topic. Yet, they stirred enough flurry for the Hong Kong Monetary Auth... Read more
Cyberport Start-ups Forge Regional Fintech Ties At MyFintech Week 2025 In Malaysia
Cyberport led a delegation of its fintech start-ups to MyFintech Week 2025 (MyFW 2025), held in Kuala Lumpur from 4 to ... Read more
Hong Kongs Stablecoin Law Triggers Industry Concerns Over KYC Rules
Hong Kong’s newly implemented stablecoin law, in effect since 1 August, has sparked concern among some in the industr... Read more
Stopping Fraud At The Gate: The New Imperative For Registration & Transaction Monitoring
The Asia-Pacific fintech landscape is thriving, fueled by the rapid adoption of digital payments, online banking and al... Read more
Hong Kong Private Banks See 14% Growth, Hire 400 More Wealth Managers
Hong Kong’s private banking and wealth management sectors are poised for further growth in hiring and office expansio... Read more