Author Archives: hksar gov

     The Centre for Health Protection of the Department of Health said today (May 9) that no additional case of measles infection had been recorded as at 4pm today.        Regarding measles control measure… read more

The following is issued on behalf of the Legislative Council Secretariat:

     The Legislative Council (LegCo) Public Accounts Committee (PAC) will hold a public hearing on “Planning, provision and management of public parking spaces” (Chapter 1) of the Director of Audit’s Report No.72 at 9am tomorrow (May 10) in Conference Room 1 of the LegCo Complex.
 
     Seven witnesses have been invited to appear before the above hearing to respond to points raised in the Report and answer questions asked by PAC members.
 
     The programme for the public hearing is as follows:

Date: May 10, 2019 (Friday)
Time: 9am  
Venue: Conference Room 1

Subject: Planning, provision and management of public parking spaces (Chapter 1 of the Director of Audit’s Report No.72)

Witnesses:
    
Mr Frank Chan Fan
Secretary for Transport and Housing

Ms Ivy Law
Deputy Secretary for Transport and Housing (Transport)3

Ms Mable Chan
Commissioner for Transport

Mr Samson Lam
Assistant Commissioner/Planning
Transport Department

Ms Candy Kwok
Assistant Commissioner/Management and Paratransit
Transport Department

Mr Thomas Chan
Director of Lands

Mr Ivan Chung
Deputy Director of Planning/Territorial
Planning Department
     
     PAC is chaired by Mr Abraham Shek, and its Deputy Chairman is Mr Kenneth Leung. Other members include Mr Paul Tse, Mr Steven Ho, Mr Lam Cheuk-ting, Mr Shiu Ka-fai and Ms Tanya Chan. read more

The following is issued on behalf of the Hong Kong Monetary Authority:
 
     The Hong Kong Monetary Authority (HKMA) announces that a tender of 2-year Exchange Fund Notes will be held on May 21, 2019 (Tuesday) for settlement on May 22, 2019 (Wednesday), as set out in the tentative issuance schedule announced on February 15, 2019.  This is to roll over an issue of 2-year Exchange Fund Notes maturing on the same day. 
      
     A total of HK$1,200 million 2-year Notes will be on offer, of which HK$5 million will be made available for offer to members of the Public who wish to submit non-competitive tender bids through Hong Kong Securities Clearing Company Limited (HKSCC).  If the Notes reserved for non-competitive tender are under-subscribed, the non-subscribed amount will be added to the portion of notes for competitive tender (initially set at HK$1,195 million).  The Notes will mature on May 24, 2021 and will carry interest at the rate of 1.70% per annum payable semi-annually in arrears.
      
     Members of the public who wish to submit non-competitive tender applications for Notes that are open to HKSCC may do so through Stock Exchange Participants/Brokers, or for those who hold Investor Accounts of the Central Clearing and Settlement System (CCASS) at the HKSCC, directly through HKSCC, for submission to the HKMA for processing.  Competitive tender applications for the Notes must be submitted through any of the Eligible Market Makers on the current published list, which can be obtained from the HKMA at 55/F, Two International Finance Centre, 8 Finance Street, Central, Hong Kong (telephone 2878 1465), or from the HKMA’s website at www.hkma.gov.hk; Each tender must be for an amount of HK$50,000 or integral multiples thereof for both competitive and non-competitive tender.
      
     The tender results will be published on the HKMA’s website, the Reuters screen (HKMAOOE), and Bloomberg.  Applicants who submitted non-competitive tender bids through HKSCC may also obtain the tender results from Stock Exchange Participants/Brokers, or for applicants who hold Investor Accounts at HKSCC’s CCASS from the CCASS terminal for CCASS Broker/Custodian/Participants and CCASS Phone System.
 
Hong Kong Monetary Authority Exchange Fund Note Programme Tender Information
___________________________________________________________________
Tender information of 2-Year Exchange Fund Notes:
 

Issue Number	:	02Y2105
Stock code	:	4076 (EFN 1.70 2105)
Tender date and time	:	May 21, 2019 (Tuesday) 9.30am to 10.30am
Issue and Settlement Date	:	May 22, 2019 (Wednesday)
Amount on offer	:	HK$1,200 million (up to HK$5 million for non-competitive tender)
Commencement of/ Deadline for submission of non-competitive tender bids by retail investors through HKSCC	:	Please refer to requirements as set down by HKSCC
Maturity	:	Two years
Maturity Date	:	May 24, 2021 (Monday)
Interest Rate	:	1.70% p.a.
Interest Payment Dates	:	Nov 22, 2019 May 22, 2020 Nov 23, 2020 May 24, 2021
Tender amount	:	Each tender must be for an amount of HK$50,000 or integral multiples thereof for both competitive and non-competitive tender.  Members of the public who wish to apply for the Notes through non-competitive tenders that are open to HKSCC may do so through Stock Exchange Participants/ Brokers, or for those who hold Investors Accounts at HKSCC’s CCASS, directly through HKSCC.  Members of the public who wish to apply for the Notes through competitive tender may only do so through any of the Eligible Market Makers on the current published list.
Other details	:	Please see Information Memorandum published or approach Eligible Market Makers, HKSCC, or brokers who are Exchange Participants of the Stock Exchange of Hong Kong.
Expected commencement date of dealing on the Stock Exchange of Hong Kong	:	May 23, 2019 (Thursday)

 
Price/Yield Table of the new EFN at tender for reference* only :
 

Yield-to Maturity	Price	Yield-to-Maturity	Price
0.700	101.99	1.700	100.01
0.750	101.89	1.750	99.92
0.800	101.79	1.800	99.82
0.850	101.69	1.850	99.72
0.900	101.59	1.900	99.63
0.950	101.49	1.950	99.53
1.000	101.39	2.000	99.43
1.050	101.29	2.050	99.34
1.100	101.19	2.100	99.24
1.150	101.09	2.150	99.15
1.200	100.99	2.200	99.05
1.250	100.89	2.250	98.95
1.300	100.80	2.300	98.86
1.350	100.70	2.350	98.76
1.400	100.60	2.400	98.67
1.450	100.50	2.450	98.57
1.500	100.40	2.500	98.48
1.550	100.31	2.550	98.38
1.600	100.21	2.600	98.29
1.650	100.11	2.650	98.19
1.700	100.01	2.700	98.10

 
*Disclaimer
The information provided here is for reference only. Although extreme care has been taken to ensure that the information provided is accurate and up-to-date, the HKMA does not warrant that all, or any part of, the information provided is accurate in all respects.  You are encouraged to conduct your own enquiries to verify any particular piece of information provided on it.  The HKMA shall not be liable for any loss or damage suffered as a result of any use or reliance on any of the information provided here. read more

The following is issued on behalf of the Hong Kong Monetary Authority:
 
     The Hong Kong Monetary Authority (HKMA) announces that a tender of 2-year Exchange Fund Notes will be held on May 21, 2019 (Tuesday) for settlement on May 22, 2019 (Wednesday), as set out in the tentative issuance schedule announced on February 15, 2019.  This is to roll over an issue of 2-year Exchange Fund Notes maturing on the same day. 
      
     A total of HK$1,200 million 2-year Notes will be on offer, of which HK$5 million will be made available for offer to members of the Public who wish to submit non-competitive tender bids through Hong Kong Securities Clearing Company Limited (HKSCC).  If the Notes reserved for non-competitive tender are under-subscribed, the non-subscribed amount will be added to the portion of notes for competitive tender (initially set at HK$1,195 million).  The Notes will mature on May 24, 2021 and will carry interest at the rate of 1.70% per annum payable semi-annually in arrears.
      
     Members of the public who wish to submit non-competitive tender applications for Notes that are open to HKSCC may do so through Stock Exchange Participants/Brokers, or for those who hold Investor Accounts of the Central Clearing and Settlement System (CCASS) at the HKSCC, directly through HKSCC, for submission to the HKMA for processing.  Competitive tender applications for the Notes must be submitted through any of the Eligible Market Makers on the current published list, which can be obtained from the HKMA at 55/F, Two International Finance Centre, 8 Finance Street, Central, Hong Kong (telephone 2878 1465), or from the HKMA’s website at www.hkma.gov.hk; Each tender must be for an amount of HK$50,000 or integral multiples thereof for both competitive and non-competitive tender.
      
     The tender results will be published on the HKMA’s website, the Reuters screen (HKMAOOE), and Bloomberg.  Applicants who submitted non-competitive tender bids through HKSCC may also obtain the tender results from Stock Exchange Participants/Brokers, or for applicants who hold Investor Accounts at HKSCC’s CCASS from the CCASS terminal for CCASS Broker/Custodian/Participants and CCASS Phone System.
 
Hong Kong Monetary Authority Exchange Fund Note Programme Tender Information
___________________________________________________________________
Tender information of 2-Year Exchange Fund Notes:
 

Issue Number	:	02Y2105
Stock code	:	4076 (EFN 1.70 2105)
Tender date and time	:	May 21, 2019 (Tuesday) 9.30am to 10.30am
Issue and Settlement Date	:	May 22, 2019 (Wednesday)
Amount on offer	:	HK$1,200 million (up to HK$5 million for non-competitive tender)
Commencement of/ Deadline for submission of non-competitive tender bids by retail investors through HKSCC	:	Please refer to requirements as set down by HKSCC
Maturity	:	Two years
Maturity Date	:	May 24, 2021 (Monday)
Interest Rate	:	1.70% p.a.
Interest Payment Dates	:	Nov 22, 2019 May 22, 2020 Nov 23, 2020 May 24, 2021
Tender amount	:	Each tender must be for an amount of HK$50,000 or integral multiples thereof for both competitive and non-competitive tender.  Members of the public who wish to apply for the Notes through non-competitive tenders that are open to HKSCC may do so through Stock Exchange Participants/ Brokers, or for those who hold Investors Accounts at HKSCC’s CCASS, directly through HKSCC.  Members of the public who wish to apply for the Notes through competitive tender may only do so through any of the Eligible Market Makers on the current published list.
Other details	:	Please see Information Memorandum published or approach Eligible Market Makers, HKSCC, or brokers who are Exchange Participants of the Stock Exchange of Hong Kong.
Expected commencement date of dealing on the Stock Exchange of Hong Kong	:	May 23, 2019 (Thursday)

 
Price/Yield Table of the new EFN at tender for reference* only :
 

Yield-to Maturity	Price	Yield-to-Maturity	Price
0.700	101.99	1.700	100.01
0.750	101.89	1.750	99.92
0.800	101.79	1.800	99.82
0.850	101.69	1.850	99.72
0.900	101.59	1.900	99.63
0.950	101.49	1.950	99.53
1.000	101.39	2.000	99.43
1.050	101.29	2.050	99.34
1.100	101.19	2.100	99.24
1.150	101.09	2.150	99.15
1.200	100.99	2.200	99.05
1.250	100.89	2.250	98.95
1.300	100.80	2.300	98.86
1.350	100.70	2.350	98.76
1.400	100.60	2.400	98.67
1.450	100.50	2.450	98.57
1.500	100.40	2.500	98.48
1.550	100.31	2.550	98.38
1.600	100.21	2.600	98.29
1.650	100.11	2.650	98.19
1.700	100.01	2.700	98.10

 
*Disclaimer
The information provided here is for reference only. Although extreme care has been taken to ensure that the information provided is accurate and up-to-date, the HKMA does not warrant that all, or any part of, the information provided is accurate in all respects.  You are encouraged to conduct your own enquiries to verify any particular piece of information provided on it.  The HKMA shall not be liable for any loss or damage suffered as a result of any use or reliance on any of the information provided here. read more

The following is issued on behalf of the Hong Kong Monetary Authority:
 
     The Hong Kong Monetary Authority (HKMA) announced today (May 9) that the Monetary Authority has granted banking licences under the Banking Ordinance to Ant SME Services (Hong Kong) Limited, Infinium Limited, Insight Fintech HK Limited and Ping An OneConnect Company Limited for them to operate in the form of a virtual bank.  The granting of these banking licences takes effect today.  According to their business plans, these four newly licenced virtual banks intend to launch their services in around six to nine months.
      
     The Chief Executive of the HKMA, Mr Norman Chan, said, “We are pleased to grant four more virtual banking licences today.  The HKMA is now working closely with the eight virtual bank licensees to prepare for the launch of their business operations in accordance with their plans.”
      
     “The launch of virtual banks in Hong Kong, which is a key component of the Smart Banking Initiatives, will certainly facilitate financial innovation, enhanced customer experience and financial inclusion,” he said.
      
     The HKMA will closely monitor the operations of virtual banks after they have commenced business, including customers’ reactions to the new modes of delivery of financial services as well as the impact, if any, of these virtual banks on the banking sector in general.  The HKMA expects to be able to conduct a comprehensive assessment of the situation about one year after the first virtual bank has launched its service. 
      
     After the granting of the above banking licences, the number of licensed banks in Hong Kong increases to 160. read more