Tsai Pledges Humanitarian Relief For Hongkongers
"); jQuery("#212 h3").html("

"); });
2020-05-27 HKT 17:22
Taiwanese President Tsai Ing-wen on Wednesday pledged to draw up a plan to give humanitarian relief to people involved in Hong Kong's pro-democracy protests, in Taipei's most concrete intervention since the renewal of unrest in the SAR.
While condemned by Beijing and labelled "rioters" by the SAR government, Hong Kong's demonstrators have won widespread sympathy in democratic Taiwan.
"We will propose an action plan of humanitarian relief for friends from Hong Kong," Tsai told reporters in Taipei. "We will continue to support Hong Kong people's determination to strive for democracy and freedom."
She did not give full details or timing, but said Taiwan's Mainland Affairs Council will lead the initiative, while a government task force will coordinate the budget needed and resources, including accommodation and employment.
Earlier this week, Tsai said Taiwan may revoke the special status it extends to Hong Kong in a warning to Beijing.
Addressing concerns that the revocation could make it harder for Hong Kongers to visit and invest in Taiwan, Tsai said her government will give "necessary help for them to stay, live and work in Taiwan".
Taiwan has no law on refugees that could be applied to protesters seeking asylum, but its laws promise to help Hongkongers whose safety and liberty are threatened for political reasons.
Tsai said the number of immigrants from Hong Kong had jumped in the last year and her government expects the trend to continue. (Reuters)
Chinese Regulator Approves Citis Plan For Its Own Securities Firm
Citi has received approval from the China Securities Regulatory Commission (CSRC) to set up a wholly owned capital mark... Read more
HSBC RedCoin Debuts On PayMe With Wider Stablecoin Rollout Planned
HSBC has launched HSBC RedCoin, its first stablecoin, on the PayMe mobile payment app in Hong Kong. Denominated in Hong... Read more
Unlimit Joins Hong Kong Governments Strategic Enterprise Partners
Unlimit has signed a partnership agreement with the Hong Kong Government, which named the global financial infrastructu... Read more
Is Your Crypto Safe If Your Custodian Goes Bankrupt?
No institution moves into digital assets until it knows who will hold them and what happens to those assets if that cus... Read more
EleBank Opens First Physical Store In Hong Kong
Hong Kong digital bank EleBank has opened its first physical store in Causeway Bay as it expands beyond online banking ... Read more
Taiwan Blocks Grabs US$600 Million Foodpanda Acquisition
Taiwan’s Fair Trade Commission (FTC) has blocked Grab’s proposed US$600 million acquisition of Delivery Hero’s fo... Read more
