MTR Shutdown Good For Passengers: Frank Chan
"); jQuery("#212 h3").html("

"); });
2019-10-01 HKT 09:58
Transport Secretary Frank Chan says the MTR Corporation's decision to shut down 11 stations from late Tuesday morning over protest fears is a good move for passengers.
Speaking after attending the morning's flag-raising ceremony in Wan Chai, Chan said the railway company's decision was appropriate, and good for travellers, the public in general, and in the interests of safety.
Asked by reporters whether shutting down part of the rail network suggested some form of martial law has been imposed in Hong Kong, Chan said the overall security situation has to be considered, especially on National Day.
But Democratic Party legislator Lam Cheuk-ting said the MTR Corporation is clearly working with the government to try to prevent people from taking to the streets.
He said millions of people would be affected by the station closures and railway bosses were ignoring their social responsibility to provide the city's residents with a proper transport service.
Lam added that the move would inevitably lead to even more public anger and further protests.
Wan Chai, Prince Edward and Admiralty stations did not open at all on Tuesday morning, while the MTR Corporation said Causeway Bay, Sham Shui Po, Wong Tai Sin, Sha Tin, Che Kung Temple, Tsuen Wan, Tsuen Wan West and Tuen Mun stations would all shut at 11am.
HKMA Warns Of Fake Stablecoins As Licensed Issuers Have Yet To Launch Tokens
The Hong Kong Monetary Authority (HKMA) has warned the public about fake stablecoins in Hong Kong, specifically flaggin... Read more
Tazapay Secures Money Service Operator License In Hong Kong
Singapore-based cross-border payments company Tazapay has secured a Money Service Operator (MSO) license in Hong Kong. ... Read more
Livi Bank Posts First Full-Year Profit In 2025 As Loans Rise 49%
Hong Kong digital bank livi bank reported a full-year profit of HK$21 million for 2025. For the year, total operating i... Read more
FWD Group Reports US$720M In New Business Sales As Expansion Continues
FWD Group reported a 4% year-on-year increase in new business sales to US$720 million for the first quarter of 2026, dr... Read more
WeLab Bank 2025 Revenue Hits HK$942M After Securing First-Half Profitability
WeLab Bank achieved profitability in the first half of 2025 and reported a 35% year-on-year revenue increase to HK$942 ... Read more
Ripple And Kbank Roll Out Institutional Digital Asset Wallet In South Korea
Ripple has partnered with Kbank to deploy an institutional digital asset wallet in Korea, equipping the internet bank w... Read more
