Seven Day Cooling-off Period Mooted For 3 Trades
"); jQuery("#212 h3").html("

"); jQuery(document).ready(function() { jwplayer.key='EKOtdBrvhiKxeOU807UIF56TaHWapYjKnFiG7ipl3gw='; var playerInstance = jwplayer("jquery_jwplayer_1"); playerInstance.setup({ file: "http://newsstatic.rthk.hk/audios/mfile_1392011_1_20180419190214.mp3", skin: { url: location.href.split('/', 4).join('/') + '/jwplayer/skin/rthk/five.css', name: 'five' }, hlshtml: true, width: "100%", height: 30, wmode: 'transparent', primary: navigator.userAgent.indexOf("Trident")>-1 ? "flash" : "html5", events: { onPlay: function(event) { dcsMultiTrack('DCS.dcsuri', 'http://news.rthk.hk/rthk/en/component/k2/1392011-20180419.mp3', 'WT.ti', ' Audio at newsfeed', 'WT.cg_n', '#rthknews', 'WT.cg_s', 'Multimedia','WT.es','http://news.rthk.hk/rthk/en/component/k2/1392011-20180419.htm', 'DCS.dcsqry', '' ); } } }); }); });
2018-04-19 HKT 11:23
The Consumer Council has proposed imposing a mandatory cooling-off period for the beauty and fitness industries and time-share schemes.
The watchdog said it has received numerous complaints about unscrupulous sales tactics adopted by these sectors in recent years, and there's a need to step up the protection of consumer rights as soon as possible.
The chairman of the council, Wong Yuk-shan, said the cooling-off period should be for at least seven days so that consumers will have a chance to change their minds.
The refund process, meanwhile, should be completed within 14 days, he said.
The Consumer Council added that companies should bear civil liabilities if they violate the requirement. It called on the government to appoint a specific statutory body to enforce the law.
Civic Party legislator Kwok Ka-ki said he had already spotted loopholes in the proposals. He noted that beauty parlour and gym contracts lasting less than six months would not be protected, and said companies could use this to get round the future legislation.
"We need to have a kind of licensing system for these beauty parlours and also these fitness centres," Kwok said.
The Secretary for Commerce and Economic Development, Edward Yau, said on Wednesday that the government plans to submit a draft bill on the cooling period this year.
OKI And Hitachi To Launch Joint Venture For ATM And Automated Equipment In October
OKI, Hitachi, and Hitachi Channel Solutions have announced that they have reached agreements to integrate their automat... Read more
The Race For Hong Kongs First Stablecoin Licenses Is Almost Over
I’ve been refreshing the Hong Kong Monetary Authority’s register of licensed stablecoin issuers frequently over the... Read more
HTF Securities And Alchemy Pay Expand Hong Kong Type 1 License For Virtual Assets
Alchemy Pay has announced that, in partnership with HTF Securities Limited, it has successfully expanded HTF Securities... Read more
Ping An Digital Bank Rebrands As Deposits Exceed HK$12 Billion
Ping An Digital Bank has introduced a new brand identity, aligning more closely with its parent, Ping An Insurance. The... Read more
Futus PantherTrade Launches Full-Scale Licensed Operations In Hong Kong
Futu has announced that its wholly-owned virtual asset trading platform, PantherTrade, has begun full-scale licensed op... Read more
Mastercard Enables AI Agent To Complete Live Ride-Booking Payment In South Korea
Mastercard has completed a live, authenticated agentic transaction in South Korea, marking a key development in AI-powe... Read more
