NWSC Pulls Out Of Legco Poll "for Pan-dems' Unity"
"); jQuery("#212 h3").html("

"); });
2020-06-28 HKT 19:40
The Neighbourhood and Worker's Service Centre (NWSC) said on Sunday it will not be running in the Legislative Council election this year.
The group earlier sparked controversy by suggesting it would ignore the results of a primary held by the pan-democratic camp.
On June 19, the NWSC announced that its serving lawmaker, Leung Yiu-chung, would come second in its four-candidate list behind chairman Lo Ngai-yin. They were vying for a seat in New Territories West.
The group said back then, it would push ahead with the ticket even if it loses in the camp's primary on July 11-12.
But now, the group said it wants to show it is not obsessed with winning a Legco seat, and will not be running for the camp's unity.
"We find it deeply regrettable that our proposal that all the teams should consider more data, such as a mid-term survey, before discussing whether to run or end their campaigns," the group said in a statement.
"It's unfortunate our proposal did not receive enough discussion."
The group said it had never considered ignoring the results of the primary.
It said the absence of a Legco seat will affect its work for the grassroots, but that will not stop it from fighting for social justice.
China To Inject US$44 Billion Into State Banks To Boost Tech And Curb Risks
China said it will inject 300 billion yuan (US$44 billion) into state-owned banks this year to guard against systemic r... Read more
Hong Kong Regulators Expand GenAI Sandbox To Insurance, Securities And MPF Sectors
The Hong Kong Monetary Authority (HKMA), Securities and Futures Commission (SFC), Insurance Authority (IA), and Mandato... Read more
South Korea To Cap Crypto Exchange Ownership At 20%
South Korean regulators and lawmakers have agreed to cap major shareholder stakes in cryptocurrency exchanges at 20%, d... Read more
DBS Hong Kong Partners With Know Your Customer To Automate SME Onboarding
Know Your Customer Limited, a provider of automated business verification solutions, has partnered with DBS Hong Kong t... Read more
Hong Kong Banks Extend Loan Repayment Relief For Tai Po Fire Victims
The Hong Kong Monetary Authority (HKMA) and the Hong Kong Association of Banks (HKAB) have met to discuss additional su... Read more
Hong Kong And Macao Deepen Financial Cooperation With Updated Agreement
The Hong Kong Monetary Authority (HKMA) and the Monetary Authority of Macao (AMCM) held a meeting on March 3 to strengt... Read more
