Seven Day Cooling-off Period Mooted For 3 Trades

"); jQuery("#212 h3").html("

"); jQuery(document).ready(function() { jwplayer.key='EKOtdBrvhiKxeOU807UIF56TaHWapYjKnFiG7ipl3gw='; var playerInstance = jwplayer("jquery_jwplayer_1"); playerInstance.setup({ file: "http://newsstatic.rthk.hk/audios/mfile_1392011_1_20180419190214.mp3", skin: { url: location.href.split('/', 4).join('/') + '/jwplayer/skin/rthk/five.css', name: 'five' }, hlshtml: true, width: "100%", height: 30, wmode: 'transparent', primary: navigator.userAgent.indexOf("Trident")>-1 ? "flash" : "html5", events: { onPlay: function(event) { dcsMultiTrack('DCS.dcsuri', 'http://news.rthk.hk/rthk/en/component/k2/1392011-20180419.mp3', 'WT.ti', ' Audio at newsfeed', 'WT.cg_n', '#rthknews', 'WT.cg_s', 'Multimedia','WT.es','http://news.rthk.hk/rthk/en/component/k2/1392011-20180419.htm', 'DCS.dcsqry', '' ); } } }); }); });
2018-04-19 HKT 11:23
The Consumer Council has proposed imposing a mandatory cooling-off period for the beauty and fitness industries and time-share schemes.
The watchdog said it has received numerous complaints about unscrupulous sales tactics adopted by these sectors in recent years, and there's a need to step up the protection of consumer rights as soon as possible.
The chairman of the council, Wong Yuk-shan, said the cooling-off period should be for at least seven days so that consumers will have a chance to change their minds.
The refund process, meanwhile, should be completed within 14 days, he said.
The Consumer Council added that companies should bear civil liabilities if they violate the requirement. It called on the government to appoint a specific statutory body to enforce the law.
Civic Party legislator Kwok Ka-ki said he had already spotted loopholes in the proposals. He noted that beauty parlour and gym contracts lasting less than six months would not be protected, and said companies could use this to get round the future legislation.
"We need to have a kind of licensing system for these beauty parlours and also these fitness centres," Kwok said.
The Secretary for Commerce and Economic Development, Edward Yau, said on Wednesday that the government plans to submit a draft bill on the cooling period this year.
Payoneer Completes Easylink Payment Acquisition, To Expand In China
Payoneer, a fintech company offering online money transfers and digital payment services, announced on 9 April 2024 tha... Read more
Adobe And Antom Partner To Enhance Digital Creativity Payments In Asia
Adobe and Antom, a provider of merchant payment and digitisation solutions under Ant International, announced a new col... Read more
HKMA Steps Up Against Digital Scams With Fresh Safeguards
The Hong Kong Monetary Authority (HKMA) announced “E-Banking Security ABC,” a series of new anti-digital fra... Read more
Staking-Enabled Bosera HashKey Ether ETF To Launch By End-April
Bosera International and HashKey Capital Limited announced the launch of the Bosera HashKey Virtual Asset Ether ETF on ... Read more
XTransfer Showcases Cross-Border Payment Solutions At AsiaWorld-Expo
XTransfer participated in the Global Sources Consumer Electronics Show 2025 at AsiaWorld-Expo on April 11, 2025, to pre... Read more
Bain Capital Aims To Raise US$9 Billion For New Asia Funds
Bain Capital is aiming to raise billions of US dollars for its upcoming Asia fund and a special situations fund in the... Read more