Protesters' Fund Set To End Operations
"); jQuery("#212 h3").html("
"); });
2021-08-18 HKT 12:07
Share this story
A fund offering support for protesters who are arrested or injured announced on Wednesday that it will cease operations.
The 612 Humanitarian Relief Fund was formed days after the anti-extradition protests broke out in June 2019.
A statement by the fund says the Alliance for True Democracy has been handling the money on its behalf, but since the alliance will soon be defunct, the fund has also made plans to shut down "in an orderly manner".
The fund stressed its accounts are working as normal at the moment, and its assets have not been frozen.
Several newspapers, including Ta Kung Pao and Wen Wei Po, have published editorials in recent months demanding that the police investigate whether there was anything illegal with the fund.
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