Opposition Continues Battle Against Rail Bill

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

"); });
2018-06-06 HKT 18:52
Pro-democracy lawmakers continued their battle on Wednesday against the government's controversial plan for the express rail terminal as the Legco process entered another phase.
Council Front's Au Nok-hin wanted an adjournment debate on the safety of the Hung Hom Station, saying it involved public safety. But his move was rejected by Legco president Andrew Leung, who ruled the house can debate it later.
During discussions on the second reading of the bill, Civic Party legislator Dennis Kwok criticised Leung’s actions and the time limit of 36 hours he has set for the debate. Kwok said lawmakers might as well forget about holding debates from now on.
His party-mate Tanya Chan accused Leung of not doing his duty and turning Legco into a rubber stamp.
But Leung said this is an urgent bill, and his decision to limit the time for debate follows a long-standing practice.
The Carrie Lam administration had indicated that it wants the legislative process completed within three months of the bill's introduction. The bill was submitted to lawmakers in February.
The new cross-border line is due to open in September.
South Korea Unveils Digital Asset Basic Act For Stablecoin Issuance
South Korea’s newly elected President Lee Jae-myung is pushing forward with plans to allow stablecoin issuance by loc... Read more
Octopus Taps Wonder As Its Omnichannel Payment Partner Across Hong Kong
Wonder, a payment and fintech platform, has announced its partnership as the purported first omnichannel payment facili... Read more
China And UAE Ink Deal To Boost Cross-Border Payment Cooperation
China’s Cross-Border Interbank Payment System (CIPS) and the Central Bank of the United Arab Emirates (CBUAE) have si... Read more
Hong Kong Approves Banking Amendment To Boost Data Sharing In 2025
The Government welcomed the Legislative Council’s June 4 passage of the Banking (Amendment) Bill 2025, aimed at impro... Read more
Citigroup Lays Off 3,500 In China As Part Of Global Overhaul
Citigroup is cutting 3,500 tech jobs in mainland China to streamline operations and cut costs. The Citigroup China layo... Read more
Hong Kong Expands Crypto Market With Derivative Trading For Investors
Hong Kong’s Securities and Futures Commission (SFC) will soon introduce virtual asset derivatives trading for profess... Read more