Stop Cooling Off Period Move, Says Workers' Union
"); jQuery("#212 h3").html("

"); });
2018-05-07 HKT 15:17
A group representing beauty parlour staff wants the government to reconsider its plan to introduce a mandatory cooling-off period for the sector, saying it will drive most, if not all, shops out of business.
The government is considering a seven-day period for customers to change their minds about services provided by the beauty and fitness industries, after many a number of complaints about people being coerced into entering contracts worth thousands of dollars.
But the Beauty Industry Union said on Monday that current laws already provide enough protection for customers, and there are only a handful of unscrupulous businesses.
It said the sector is also taking steps to better protect customers, such as setting up a certification scheme to recognise good shops.
DAB lawmaker Elizabeth Quat, who has been helping the group, said the reported move by the government has already affected the sector as banks have made conditions tougher for many beauty parlours.
SUNMI Technology Is Officially Listed On The Main Board Of HKEX
SUNMI Technology Group Co., Ltd, a Business IoT (BIoT) leader, was officially listed on the Main Board of the Hong Kong... Read more
Can AI-Native Infrastructure Finally Eliminate The Friction Within Cross-Border Payments?
What is stopping businesses from fully tapping a US$336 billion cross-border payments opportunity? Ask the merchants tr... Read more
HKMA Cargox Pilot Brings 21 Banks To Boost SME Trade Finance Via Data Sharing
The Hong Kong Monetary Authority (HKMA) has launched the HKMA Cargox pilot programme, partnering with 21 banks to digit... Read more
Krakens Parent Acquires Reap In US$600M Deal To Expand Stablecoin Payments In Asia
Payward, the parent company of cryptocurrency exchange Kraken, is acquiring Hong Kong-based payments infrastructure fir... Read more
XTransfer Files For Hong Kong IPO, Seeking US$186 Million
Chinese B2B cross-border payments company XTransfer has filed for an IPO in Hong Kong to raise US$186 million. The comp... Read more
HSBC Rolls Out Privé World Legend Mastercard To Hong Kong Clients
HSBC Hong Kong has launched the HSBC Privé World Legend Mastercard, becoming the first bank in the Asia Pacific region... Read more