'District Councils Never Had Power To Allocate Funds'
"); jQuery("#212 h3").html("

"); });
2021-10-05 HKT 12:37
Chief Executive Carrie Lam said on Tuesday that it would be impossible for Hong Kong's district councils to be stripped of their power to allocate funds, because they have never actually had such a power.
With at least 17 councillors disqualified and hundreds having resigned in recent months, Lam said officials will consider the future of the councils once a territory-wide oath-taking exercise for members is completed on Friday.
"For example, some district councils will be left with only a couple district council members. They could not even have a chairman, no quorum, but at the same time they do have a lot of influence in allocating district council funds, or deciding on which district minor works should be undertaken with public money," the CE said before this week's Executive Council meeting.
Lam was asked whether the government will take away the councils' power to allocate funds.
"I am not in a position to tell you now what will happen, except to make it very clear that under the Basic Law as well as local legislation, district councils are not given power... district councils by themselves, they do not possess power to make decisions, to employ staff or to allocate money," she said.
"Out of respect and recognition of the representativeness of these members, we have allowed them to have a say on the use of the public money which is controlled by a public official, in the name of the director of home affairs... So it does not constitute any taking away of power."
Lam said district councils are only advisory bodies, to give advice when asked by the government.
Last year, the government told Legco that district councils are responsible for identifying projects to be implemented or sponsored, examining funding applications to ensure the use of funds meets the needs of the community, and initiating and carrying out minor works projects.
Wise Hong Kong Business Account Now Available For SMEs To Manage Global Payments
Wise, a global technology company in international money management, launched its international business account in Hon... Read more
ChinaAMC HKD Digital Money Market Fund Debuts As Hong Kongs First Retail Tokenised Fund
OSL Digital Securities (OSL), a regulated digital asset platform and part of OSL Group (863.HK), announced the launch o... Read more
American Express And Alipay Team Up To Simplify Traveller Payments In China
American Express and Alipay introduced a new payment feature that allows eligible global American Express Card Members ... Read more
Alibaba Invests Over US$50 Billion To Drive AI And Cloud Expansion By 2028
Alibaba Group (9988.HK) revealed plans to invest over 380 billion yuan (US$52.44 billion) into its cloud computing and ... Read more
SFC IOSCO Asia-Pacific Meet-up Sets Roadmap For Sustainable And Secure Capital Markets
The Securities and Futures Commission (SFC) recently participated in a series of dialogues under the International Orga... Read more
WeLab Bank Accelerates AI Deployment With Deepseek To Enhance Efficiency
WeLab Bank has taken a significant step forward in its AI deployment strategy by exploring innovative solutions to enha... Read more