Hong Kong Today
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Hong Kong's first statutory minimum wage has now been set at 28 dollars an hour. This means from May, 1st all employers will be required to pay workers, except foreign domestic helpers, a minimum hourly wage of 28 dollars. Nick Beacroft asked councillor Lee Cheuk-yan of the Confederation of Trade Unions whether it was a bitter-sweet moment to accept the minimum wage at just 28-dollars an hour. (3.46 mins)
Credit Data Sharing System
The Privacy Commissioner has launched a one-month consultation on the privacy implications of a proposal to widen Hong Kong's credit data sharing system. The Financial Services Industry wants access to consumers' positive mortgage data, on residential and non-residential properties, to give banks a more accurate picture of their credit risk. But Allan Chiang says additional safeguards should be put in place to reflect the increased volume of data that credit agencies would hold. Mr Chiang was asked what's wrong with the existing data being used by banks to access risks. (4.53 mins)
Local blue chips have risen for a sixth consecutive day. The Hang Seng Index rose by more than a third of a per cent. But mainland and most regional markets traded lower. Nick Beacroft asked the director of Sales Trading of OSK Asia, Andrew Sullivan about the local market outlook. (3.17 mins)