Pro-democracy Group HK Alliance Lays Off All Staff

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

Related News Programmes

"); });

2021-07-10 HKT 16:27

Share this story

facebook

  • The pro-democracy group says it has been facing greater political suppression. File Photo: Hong Kong Alliance

    The pro-democracy group says it has been facing greater political suppression. File Photo: Hong Kong Alliance

The Hong Kong Alliance in Support of Patriotic Democratic Movements in China said on Saturday that it was laying off its staff members to "ensure their safety", and that half of its committee members were resigning.

The alliance, which organised past annual June 4 vigils, described the move as a "strategic manpower adjustment", amid a "rapidly deteriorating political environment".

The pro-democracy group said its committee members decided to take, what it described as, preventative measures in view of the greater political suppression they faced.

Seven of the alliance's committee members are resigning. They include its secretary Richard Tsoi, social worker Lun Chi-wai, and district councillor Chiu Yan-loy.

The remaining seven, who are staying on, include the alliance's chairman Lee Cheuk-yan, vice-chairman Albert Ho, and vice-chairwoman Chow Hang-tung. All three are either in jail or detention.

The alliance said the move would affect its operation but that it would continue its work despite the difficulties and challenges. It said staff would be offered compensation.

Richard Tsoi told RTHK that the group could continue operating with the help of volunteers and allies. He said staff members might be hired again but that would depend on the situation.

RECENT NEWS

ZA Bank Brings Nasdaq Data To Hong Kong, Expanding US Stock Access And Investor Education

ZA Bank and Nasdaq have announced a collaboration aimed at enhancing digital wealth management in Hong Kong and interna... Read more

Hong Kong To Study One‑Stop Infrastructure For Equities, Bonds And Digital Assets

The Hong Kong Monetary Authority’s (HKMA) CMU OmniClear and the Hong Kong Exchange (HKEX) are set to begin a study on... Read more

Hong Kong To Issue First Stablecoin Licenses In March, Expand Crypto Regulation

Hong Kong will issue its first licenses for fiat-referenced stablecoin issuers in March and introduce new legislation l... Read more

MSIG Joins US$6B IFC Credit Insurance Facility To Boost Emerging Market Lending

MSIG USA and Mitsui Sumitomo Insurance (MSI Japan), together referred to as MSIG, have joined a new insurance-ba... Read more

Why The $2 Trillion Stablecoin Prediction Is Too Low

McKinsey estimates the stablecoin market will hit $2 trillion by 2028. But according to Sam Lin, COO of dtcpay, even th... Read more

RedotPay Eyes US IPO With Potential US$1 Billion Raise

RedotPay is reportedly exploring an IPO in the US that could raise more than US$1 billion, according to people famili... Read more