Opposition Greets Carrie Lam With Protest Signs
"); jQuery("#212 h3").html("

"); });
2019-01-30 HKT 11:34
The controversial changes made to the CSSA elderly welfare payment system continued to cast a shadow in the Legislative Council as the Chief Executive arrived for her monthly question and answer session on Wednesday.
Like during Carrie Lam's appearance at Legco last month, some pan-democratic lawmakers lined up along the passage to the chamber and raised signs as she arrived.
They also chanted slogans against the government's move to raise the eligibility age for elderly CSSA payments from 60 years to 65.
The opposition lawmakers accused Lam of bullying the elderly, and said the government should take the blame for poverty in Hong Kong.
Earlier, about a dozen elderly people under the banner of Association for Elders' Welfare also protested outside Legco against the changes made in CSSA rules.
Asked to scrap the controversial change inside the chamber, Lam again stood firm, telling legislators it's part of a wider population policy that "received widespread public support". She had previously defended the policy as being needed to encourage elderly people to work, citing herself as an example of an active 61-year-old who is still working.
But the protesters said people aged 60 aren't always physically fit and many end up being forced to take up menial jobs like subcontracted cleaning jobs to survive.
They criticised the government for slashing elderly welfare and support, saying the officials are setting a bad example by showing their disrespect for the elderly.
______________________________
Last updated: 2019-01-30 HKT 12:04
OCBC Plans Hong Kong Wealth Expansion With Up To 50 New Bankers
OCBC is expending its wealth management team in Hong Kong by 30% this year to meet growing regional demand for investme... Read more
Hana Financial To Acquire US$669M Stake In Dunamu, Deepening Crypto Push
Hana Financial Group has agreed to acquire a 6.55% stake in digital asset operator Dunamu. The transaction is valued at... Read more
Reap And TerraPay Partner To Expand Cross-Border Payouts Via Local Payment Rails
Reap has partnered with TerraPay to expand its cross-border payout network using domestic clearing systems. The integra... Read more
Tencent Fintech And Cloud Services Lift Q1 2026 Revenue 9% To US$8.68 Billion
Tencent reported a 9% increase in revenue from its fintech and business services division for the first quarter of 2026... Read more
Ant Group Profit Falls An Estimated 79% As AI And Payments Spending Rises
Ant Group saw an estimated 79% decline in quarterly profit as the company accelerates its spending on AI, large languag... Read more
Alibabas Cloud Revenue Jumps 40% As AI Investments Pressure Profitability
Alibaba Group has released its financial results for the quarter and fiscal year ending 31 March 2026, reporting a 3% a... Read more