News: 2024.03.19
The budget speech released last month mentioned that the government will review different fees in due course. In addition to the "user pays" principle, the affordability of citizens and businesses will also be taken into consideration. Documents submitted by the Hong Kong Monetary Authority to the Legislative Council show that the authorities propose to increase bank license fees, which are expected to increase by 29%. This proposal has attracted attention and discussion from all walks of life.
According to documents submitted by the Hong Kong Monetary Authority, they believe that raising bank license fees is necessary to ensure the stability and healthy development of the financial system. This adjustment is expected to bring an additional $146 million in annual revenue to the Hong Kong Monetary Authority, which is used to supervise and supervise banking operations.
Many citizens and businesses expressed concern and dissatisfaction with the proposal. They believe this will increase their burden and put pressure on the economy. Some people call on the government to give more consideration to the affordability of citizens and businesses and avoid unduly burdening them.
The Hong Kong Monetary Authority understands these concerns, but they emphasize that this adjustment is for the stability and healthy development of the financial system. They pledged to continue communicating with citizens and businesses and taking their views and suggestions into consideration.