Protesters Rally, But In Step With Social Distancing
"); jQuery("#212 h3").html("

"); });
2020-04-08 HKT 14:18
A dozen activists from the League of Social Democrats and the Labour Party staged a protest on Wednesday against the Chief Executive’s recent pay rise, by marching in groups of four and keeping a distance of 1.5 metres between groups.
They staged the protest despite getting an appeal from the police asking them not to march, with the force citing a ban on public gatherings of more than four people implemented due to the coronavirus outbreak.
The activists marched to the government's headquarters in fours, and brought with them a tape measure to make sure that they were 1.5 metres apart – as per the new regulations for gatherings.
The police kept an eye on the marchers as they proceeded from HSBC's headquarters to Government House, but officers did not stop them.
The protesters slammed the Chief Executive Carrie Lam over her recent pay hike and demanded that government pay 80 percent of wages to workers who have lost their jobs or have been badly hit by the coronavirus pandemic.
Labour Party chair Steven Kwok said it's most "politically idiotic" that Lam is getting an extra HK$120,000 a year at such difficult times, when many grassroots residents have already lost their jobs.
"It's shameless [for the CE]. When she donated a month's salary, she made a big show. Now she wants to take it back..... she's a hypocrite," said the league's vice chair, former lawmaker Leung Kwok-hung.
The two parties said that the subsidy for workers could be capped at HK$16,000 a month.
They also said companies that have been forced to suspend operations because of the government's anti-epidemic restrictions should also be given money to pay 80 percent of each employee's salary.
The two parties said they have been calling for help for workers since the Lunar New Year holiday in late January, but their pleas have fallen on deaf ears so far.
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
