No Political Link In New Appointment: Law Chi-kwong
"); jQuery("#212 h3").html("

"); });
2020-06-01 HKT 14:09
Labour Secretary Law Chi-kwong has denied suggestions that the appointment of a former pro-establishment legislator as his new under secretary is a move to pacify the camp after its defeats in last year's district council elections.
Speaking to reporters on Monday, Law said that Ho Kai-ming from the Federation of Trade Unions (FTU) was the first candidate that came to mind as he had demonstrated an nterest in politics and knowledge in policy formation.
"A lot of people asked who picked [Ho], the answer is simple: of course it was me who picked him," Law said.
Law said that although working for the government is like working in a "hot kitchen", a lot of people are still willing to join the administration
Ho had previously been a vocal critic of government labour policies. But he said on Monday that he doesn’t think that would affect his working relationship with his new boss, saying he and Law can learn from each others' strengths and use their respective experiences to improve labour and welfare policies.
He said he will do his best to learn from Law about how to make good labour policy, and that he will bring the "concerns of the trade unions and employees to the government to deepen the discussion for the policy.”
Ho announced on Saturday that he was resigning as an FTU legislator to join the administration, taking over the government role after his predecessor, Caspar Tsui, was promoted to Home Affairs Secretary as part of a reshuffle in April.
He had represented the labour functional constituency since 2016, and was also a district councillor in Kwun Tong for several years, until he lost his seat in last November's polls when pro-democracy candidates crushed their pro-establishment rivals across the territory.
Meanwhile, Chief Executive Carrie Lam has also appointed DAB member Julian Ip as a political assistant to Secretary for Financial Services and the Treasury Christopher Hui. Ip also took up his new post on Monday.
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