It is rumored that cable will hand over licenses and plans to fry 100% of them. The Hong Kong government will communicate with the Labor Department

Cable TV surrenders the pay TV license. Cable TV, a subsidiary of Cable Broadband, has been approved by the government to return the local pay TV program service license. It is expected to stop transmitting relevant signals from June 1. “Manpower deployment and layoff planning”. It is reported that Cable intends to fry one adult.

The Secretary for Commerce and Economic Development, Yau Ying-wah, said on a radio program this morning (18th) that it reflects that the overall manpower of cable TV may decrease, for example, no more recruitment will be made after the loss of manpower. He also understands that after the license is returned, there will be manpower increases and decreases. If there is any internal deployment related to cable equipment, the authorities will communicate with the Labor Department and pay close attention to the trend of cable TV. Asked about the challenges faced by media management, Yau Ying-wah believed that the authorities hoped to make the media more flexible in terms of business arrangements by tearing down the wall and loosening ties. The authorities are also willing to discuss with the broadcasting industry how to do better.

In addition, regarding the tourism industry, Qiu Yinghua mentioned that after the authorities sent out 500,000 air tickets, they saw that there were tour groups coming to Hong Kong, and the seats were also tight. He believed that it could lead and drive the economy, including retail and catering. The economy is gradually recovering. The Hong Kong government sent a delegation to visit the Middle East earlier, and put forward plans to attract talents and business. The authorities will introduce high-tech, artificial intelligence and other enterprises. Due to commercial secrets, Qiu Yinghua said that it is not convenient to disclose which companies are involved, and the two sides are still negotiating. Qiu Yinghua also pointed out that ASEAN is Hong Kong’s second largest trading partner, and if overseas companies set up regional offices in Hong Kong, it will be beneficial to enter the mainland market. The two sides will continue to strengthen collaboration in the future, and Hong Kong has also applied to join the Regional Comprehensive Economic Partnership (RCEP).