Legco President's Act Ensures PLA Get Central Plot
"); jQuery("#212 h3").html("
"); });
2019-06-28 HKT 01:24
A section of prime harbourfront land will be ceded to the military on Saturday, after the Legislative Council president Andrew Leung adjourned proceedings until next week.
The council deals with such land transfers under so-called "negative vetting" rules, meaning the legislation doesn't have to be voted on and is passed by default if no objections are raised.
Leung's decision on Thursday thus prevents legislators from discussing matters related to the subsidiary legislation on the transfer of land before it takes effect on Saturday.
Pro-democracy lawmakers Au Nok-hin and Chu Hoi-dick had tried to stop the surrender of the 150-metre strip of land to the PLA by submitting amendments to the legislation.
However on Wednesday financial services sector lawmaker Christopher Cheung moved to adjourn the meeting - which would effectively delay proceedings beyond the Saturday deadline. He denied this was his intention, saying he proposed the adjournment to allow time for lawmakers to brainstorm on how the government can restore stability in society following the extradition bill saga.
In the end Cheung's motion to adjourn was voted down by pan-democrats, as many pro-government lawmakers abstained.
Au Nok-hin then asked for more time to discuss the proposed amendments on Friday but council president Andrew Leung refused, saying there's wasn't enough time as various other meetings had already been scheduled. He adjourned the meeting to Wednesday.
Hong Kong FPS To Enable Small Cross-Border Payments With Mainland China By Mid-2025
The Hong Kong Monetary Authority (HKMA) has announced plans to connect the Hong Kong FPS with mainland China’s Intern... Read more
Asian Financial Forum Kicks Off In Hong Kong With Over 3,600 Attendees Expected
The 18th Asian Financial Forum (AFF) kicked off yesterday (13 January) at the Hong Kong Convention and Exhibition Centr... Read more
HashKey Group Secures In-Principle Approval For VASP License In Dubai
Hong Kong-based HashKey Group announced that its subsidiary, HashKey MENA FZE, has received In-Principle Approval (... Read more
IFAST Expands Offerings With Custodian Role For Private OFCs In Hong Kong
Fintech solutions provider iFAST HK can now act as a custodian for private Open-ended Fund Companies (OFCs). The OFC re... Read more
Hong Kongs Digital Banks Rethink Physical Branches To Improve Customer Experience
Some Hong Kong digital banks are rethinking their strategies and considering physical branches in Hong Kong, according ... Read more
WeLab Bank Hits Breakeven Four Years After Launch
WeLab Bank announced that it achieved breakeven in December 2024, just over four years after its launch. This update fo... Read more