Spread The Wealth Around, FTU's Mak Urges
"); jQuery("#212 h3").html("

"); });
2018-02-19 HKT 12:21
A pro-government lawmaker is calling for a cash handout of at least HK$6,000 for Hong Kong people, ahead of the government's budget next week.
Speaking on an RTHK programme on Monday, Alice Mak, from the Federation of Trade Unions says with a massive surplus of up to HK$140 billion, the government shouldn't just leave the money sitting in public coffers.
Other estimates have suggested that the government surplus could be HK$160 billion or even more, adding to the pressure on the Financial Secretary, Paul Chan, who delivers the budget on February 28.
However, Mak's suggestion was opposed by the Civic Party's Kwok Ka-ki.
Speaking on the same RTHK programme, Kwok urged the government to boost its tax refunds by up to 75 percent for people earning under HK$30,000 a month.
The financial secretary has sought to dampen hopes of a large-scale handouts.
On Saturday, Chan said he planned to use the huge surplus on a "targeted basis", which was seen as a strong hint that he did not plan cash handouts.
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
