Regina Ip Sets May 7 Deadline For Bills Committee
"); jQuery("#212 h3").html("

"); });
2018-04-13 HKT 11:46
Lawmaker Regina Ip said on Friday that she hopes the bills committee she chairs can complete its work on the controversial plans for the West Kowloon rail terminal by May 7.
The bill proposes a joint border clearance facility at the station for the express rail link to the mainland. But critics say allowing mainland officials to operate at the station would be against the Basic Law and the "One Country, Two Systems" principle.
Ip, who is also chairwoman of the pro-government New People's Party, said she was reminded by the administration late on Thursday that it had wanted the legislative process completed within three months of the bill's introduction. The bill was submitted to lawmakers in February.
She said even if the committee's vetting can be completed on May 7, it still has to go through the house committee and the full council.
Ip said as there's only 12 hours across six meetings left for the committee, if lawmakers have issues to raise, they can take them up with her or the committee vice chairman, Horace Cheung.
Transport Secretary Frank Chan, meanwhile, denied that the government is trying to put pressure on Ip to speed things up.
He said officials are simply foreseeing a time management crisis, and he hopes councillors can bear in mind public expectations about the opening of the rail project when vetting the bill.
The HK$84 billion project is expected to open in September this year.
NTT Launches Financial AI Fabric Blueprint For Hong Kong FSIs
NTT Com Asia has released a service blueprint for its Financial AI Fabric in Hong Kong. The Financial AI Fabric bluepri... Read more
Asias Multi-Billion-Dollar Fraud Crisis: Can Fintechs Still Build Trust?
Digital financial services now shape everyday life, placing greater pressure on companies to earn and keep customer tru... Read more
Futu Launches AI Agent “Expert” Mode For Investment Analysis And Trade Support
Futu has launched a new AI-powered trading assistant that can assist with trade execution based on user instructions. T... Read more
DigiFT And SBI Launch Tokenised Japanese Equity Fund On Solana
DigiFT has partnered with SBI Global Asset Management to launch a tokenised Japanese high-dividend equity fund. The JX ... Read more
Baillie Gifford Launches Tokenised Bond Fund In Hong Kong
Baillie Gifford has launched its tokenised investment fund to professional investors in Hong Kong. The Baillie Gifford... Read more
SBI XDC Partners With DSRV To Explore Enterprise Solutions In Japan, South Korea
SBI XDC Network APAC has partnered with South Korean blockchain infrastructure firm DSRV to develop enterprise solution... Read more