New Lawmaker Vows 'constructive Monitoring'
"); jQuery("#212 h3").html("

"); });
2022-01-04 HKT 09:30
A first-time legislator said on Tuesday that she wants to create a new culture in the Legislative Council, of 'constructively monitoring' the government.
Wendy Hong, who is also the head of research at property firm, New World Development, took her oath of office on Monday as one of 90 members of the new Legco.
Speaking on RTHK's Hong Kong Today programme, Hong said she wanted to focus on resolving Hong Kong's economic problems and fostering greater links to the mainland.
"You know, during the past 20 years we have witnessed a drop in Hong Kong's competitiveness, industrial hollowing out, a widening wealth gap and excessively uniform economic structure, so it is difficult for youngsters to achieve upward mobility," she told RTHK's Samantha Butler.
"We couldn't focus on development for a long time because our society and the chamber were highly divided, and the Legislative Council was not able to function smoothly."
Hong was one of 40 members of Legco elected by the Election Committee under a new electoral arrangement implemented by Beijing. She said she rejected the argument that the new-look legislature would be unable to monitor the government effectively.
"The goal of monitoring the government is to promote good governance in Hong Kong, serving the public interest in a better way," Hong said.
"So, after taking office, I wish I could promote a new form of monitoring. I call it constructive monitoring, or positive monitoring, by which I mean: I don't simply criticise the government, but more importantly, with my strength in public policy research, I will join the efforts of the government and help find solutions."
SBI Holdings To Acquire Bitbank In US$289M Crypto Expansion
SBI Holdings has agreed to acquire Japanese crypto exchange Bitbank in a deal valued at approximately US$289 million, w... Read more
4 Ways Hong Kong Banks Fight Financial Crime Using AI, According To HKMA
The Hong Kong Monetary Authority (HKMA) wants banks to use AI in financial crime as a way to counter cyberattacks and s... Read more
Ripple Launches RLUSD Stablecoin In Japan Through SBI Group
Ripple has launched its US dollar-denominated stablecoin, Ripple USD, in the Japanese market. The expansion follows reg... Read more
SBI And Startale Launch Trust Bank-Backed Yen Stablecoin JPYSC In Japan
SBI Group has introduced its trust based stablecoin JPYSC in partnership with Singapore-based fintech company Startale ... Read more
Visa Study: Digital Wallets Lead Greater Bay Area Payment Preferences
Visa has released its latest Consumer Payment Attitudes Study, highlighting how payment seamlessness is linked to a shi... Read more
European And South Korean Banks Form Project Pangea For FX Settlement
Chainlink, South Korean infrastructure provider FairSquareLab, the Unified Korea Alliance (UniKA), and European stablec... Read more
