Scalpers May Benefit From Border Quotas: Lawmakers
"); jQuery("#212 h3").html("

"); });
2023-01-05 HKT 11:39
Lawmakers Gary Zhang and Yang Wing-kit on Thursday called on the government to set up a ballot system for cross-border travellers rather than any quotas on a first-come, first-served basis, if there are to be restrictions on numbers when quarantine-free journeys are allowed again.
SAR officials say they plan to allow quarantine-free travel from Sunday but are yet to announce any details.
A source earlier told RTHK that an initial quota of 50,000 people travelling in each direction would be adopted at first.
But Zhang said such a cap would be too low.
"The first-come, first served model would bring about many problems, because a large number of citizens would rush to the websites to compete for places," he said on RTHK's Hong Kong Today programme.
"This would definitely give scalpers an opportunity to take advantage of [the situation]."
Yang made the same point, saying on another RTHK programme that there should be a ballot system instead of quotas on a first-come, first served basis.
However, he also said he thinks the expected 50,000 places per day would be enough, noting that recently, around 30,000 people took part in daily draws for quarantine hotels in Shenzhen.
Meanwhile, the chairman of the Hong Kong Seamen's Union, Cheung Sai-teng, said that only five ferries may be put into operation for services to Macau at first, compared to the more than 30 running before the pandemic.
He said it takes time to recruit frontline staff and some ferries require maintenance work.
Manulife Names Wilton Kee As CEO For Hong Kong And Macau
Manulife has appointed Wilton Kee as the new Chief Executive Officer for its Hong Kong and Macau operations, effective ... Read more
Banks Are Not Ready For AI | Singapore AI CxO Roundtable
In this exclusive roundtable jointly hosted by Fintech News Network and Alteryx, senior banking leaders in Singapore sh... Read more
Mizuho Bank To Invest In Rakuten Bank In October
Mizuho Bank will shift its investment into a 5.81% stake in Rakuten Bank, according to Japan Today. The move allows the... Read more
Forthright Subsidiaries Secure SFC Approval For Virtual Asset Services Across 3 Licenses
Forthright Securities and Forthright Capital have received approval from the Securities and Futures Commission (SFC) to... Read more
SFC Names Elisa Ng To Lead Investment Products, Reappoints Lisa Chen
The Securities and Futures Commission (SFC) has appointed former J.P. Morgan Asset Management executive Elisa Ng as its... Read more
Mastercard And JD.com Partner To Expand Cross-Border Payment Options In China
Mastercard and JD.com have entered a strategic partnership to develop cross-border supply chain finance tools for busin... Read more
