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Second School Allocation Exercise 2019 invites applications for reprovisioning of primary schools

     The Education Bureau (EDB) announced today (February 13) that in the Second School Allocation Exercise (SAE) 2019, one school premises under planning and one vacant school premises, both in Sha Tin District, are open for application by eligible school sponsoring bodies (SSBs) for reprovisioning of existing public sector and Direct Subsidy Scheme (DSS) primary schools.
      
     The new school premises under planning is located at Au Pui Wan Street at Fo Tan, Sha Tin, New Territories. The vacant school premises is the ex-Sung Lan Middle School at Mei Lam Estate, Sha Tin, New Territories. Details of the two premises are set out in the Annex.
      
     “Infrastructure improvements to existing schools built to previous planning standards and designs may be infeasible due to the lack of space and other physical constraints. In this light, the EDB has identified one new school premises under planning and one vacant school premises in Sha Tin District for allocation for reprovisioning of existing primary schools. This exercise is open to applications by existing public sector and DSS primary schools which are in need of infrastructure upgrade,” an EDB spokesman said.
      
     “Allocation of the school premises will be conducted on a competitive basis. Quality of education will be the prime consideration in assessing the applications. Factors to be considered include the operation track record of the school proposed to be reprovisioned, the quality of the school plan after reprovisioning and the physical condition of the school’s existing premises. In general, we believe that schools with site area less than 3 000 square metres and premises over 30 years old which have not benefited or have only marginally benefited from the School Improvement Programme will warrant our serious consideration. The location of the applicant schools, i.e. whether they are currently operating in the same district as the location of the new school premises, will also be taken into account, though these are not prerequisites for the submission of applications since each case has to be assessed on its own merits.
      
     “In line with the established arrangement for reprovisioning, the successful SSB will be required, upon allocation of the new premises for reprovisioning, to return its existing school premises. For those schools currently located within a private lot under the ownership of the SSB, the school or a third party related to the SSB/school, the relevant private land owner will be required to surrender the existing school premises and site to the Government,” he added.
      
     All applications will be considered by the School Allocation Committee comprising official and non-official members. SSBs are required to complete an application form and submit it together with the required supporting documents, a proposed school plan (of not more than 10 pages including all annexes plus a two-page executive summary) and a list of operating schools. The proposed school plan should cover the vision and mission, management and organisation, learning and teaching, school ethos and support for students, students’ performance targets, self-evaluation indicators, etc. The SSB may also make reference to the school(s) that it is operating and the respective performance to substantiate its case.
      
     In line with the EDB’s established policy for school allocation, when submitting the application, the SSB should be exempt from tax under Section 88 of the Inland Revenue Ordinance, and be:
      
(1) incorporated under the Companies Ordinance (the successful SSB would be required to ensure that its articles of association contain all the standard clauses and articles required for allocation of a school premises); or
 
(2) incorporated under other ordinances, with its constitution satisfying the Permanent Secretary for Education as being fit to be considered for allocation of a school premises.
 
     In addition, the SSB must be running one or more public sector or DSS primary schools in Hong Kong and must be the registered SSB of the applicant school.
      
     The application form for the Second SAE 2019 and other reference materials can be downloaded from the EDB homepage (www.edb.gov.hk/en/sch-admin/sch-premises-info/allocation-of-sch/index.html). More information on this SAE can also be found on the homepage.
      
     The duly completed application form and supporting documents, together with 22 copies of the proposed school plan with an executive summary and the list of operating schools, if any, should reach the Infrastructure and Research Support Division of the EDB (6/F, East Wing, Central Government Offices, 2 Tim Mei Avenue, Tamar, Hong Kong) by 5pm on March 13, 2019. Late or incomplete applications, as well as applications via email, will not be processed.
      
     For enquiries, please call 3509 8413 or 3509 8411. read more

First School Allocation Exercise 2019 invites applications for school premises for operation of a new aided primary school

     The Education Bureau (EDB) announced today (February 13) that in the First School Allocation Exercise (SAE) 2019, a new school premises under planning in Tai Po District is open for application by eligible applicant bodies for operating a new aided primary school.
 
     The new school premises under planning is located at Area 9, Tai Po. Details of the school premises are set out in the Annex.
 
     “Allocation of the school premises will be conducted on a competitive basis. Quality of education will be the prime consideration in assessing the applications submitted. Factors to be considered include the quality of the proposed school plan for running the new primary school and the track records of the applicant bodies in operating schools (where applicable), particularly primary schools,” an EDB spokesman said.
 
     All applications will be considered by the School Allocation Committee comprising official and non-official members. Applicant bodies are required to complete an application form and submit it together with the required supporting documents, a proposed school plan (of not more than 10 pages including all annexes plus a two-page executive summary), and a list of operating schools, if any. The proposed school plan should cover the vision and mission, management and organisation, learning and teaching, school ethos and support for students, students’ performance targets, self-evaluation indicators, etc. The applicant body may also make reference to the school(s) that it is operating and the respective performance to substantiate its case.
      
     In line with the EDB’s established policy for school allocation, when submitting the application, the applicant body should be exempt from tax under Section 88 of the Inland Revenue Ordinance, and be:
      
(1) incorporated under the Companies Ordinance (the successful applicant body would be required to ensure that its articles of association contain all the standard clauses and articles required for allocation of a school premises); or
 
(2) incorporated under other ordinances, with its constitution satisfying the Permanent Secretary for Education as being fit to be considered for allocation of a school premises.
 
     Applicant bodies not possessing the incorporation status and not exempt from tax under Section 88 of the Inland Revenue Ordinance are not eligible for application and their applications will not be processed.
 
     The application form for the First SAE 2019 and other reference materials can be downloaded from the EDB homepage (www.edb.gov.hk/en/sch-admin/sch-premises-info/allocation-of-sch/index.html). More information on this SAE can also be found on the homepage.
      
     â€‹The duly completed application form and supporting documents, together with 22 copies of the proposed school plan with an executive summary, and the list of operating schools, if any, should reach the Infrastructure and Research Support Division of the EDB (6/F, East Wing, Central Government Offices, 2 Tim Mei Avenue, Tamar, Hong Kong) by 5pm on March 13, 2019. Late or incomplete applications, as well as applications via email, will not be processed.
      
     For enquiries, please call 3509 8413 or 3509 8411. read more

Co-operation between Hong Kong and other places on juridical assistance in criminal matters

     The Government spokesman said today (February 13) that the Government has reviewed the current regime for the co-operation between Hong Kong and other places on juridical assistance in criminal matters and is considering to amend the Mutual Legal Assistance in Criminal Matters Ordinance (Cap 525) and the Fugitive Offenders Ordinance (Cap 503). For details, please visit the Security Bureau’s website at www.sb.gov.hk/eng/special/views.htm.

     Members of the public can give views on or before March 4, 2019, by the following means:

By mail: Security Bureau (A Division)
            10/F, East Wing, Central Government Offices
            2 Tim Mei Avenue, Tamar, Hong Kong
 
By fax: 2524 3762
 
By email: views@sb.gov.hk read more

Result of the tenders of the People’s Bank of China RMB Bills held on February 13, 2019

The following is issued on behalf of the Hong Kong Monetary Authority:

     Result of tenders of the People’s Bank of China RMB Bills held on February 13, 2019:
 

Tender Result
*********************************************************************
     
Tender Date : February 13, 2019
     
Bills available for Tender : Three-month RMB Bills
 
Issuer
:
:
 
The People’s Bank of China
Issue Number : BCMKFP19002
     
Issue Date : February 15, 2019
     
Maturity Date : May 17, 2019 (or the closest coupon payment date)
     
Application Amount : RMB 60,247 million
     
Issue Amount : RMB 10,000 million
     
Average accepted Coupon Rate :  2.36 %
     
Highest accepted Coupon Rate :  
(Bills’ Coupon) :  2.45 %
     
Lowest accepted Coupon Rate :  2.00 %
     
Allocation Ratio : Approximately 29.37 %
     
     
Press Release
 
Result of the tenders of the People’s Bank of China RMB Bills held on February 13, 2019
 
Tender Result
*********************************************************************
     
Tender Date : February 13, 2019
     
Bills available for Tender : One-year RMB Bills
 
Issuer
:
:
 
The People’s Bank of China
Issue Number : BCMKFP19003
     
Issue Date : February 15, 2019
     
Maturity Date : February 15, 2020 (or the closest coupon payment date)
     
Application Amount : RMB 60,175 million
     
Issue Amount : RMB 10,000 million
     
Average accepted Coupon Rate :  2.65 %
     
Highest accepted Coupon Rate :  
(Bills’ Coupon) :  2.80 %
     
Lowest accepted Coupon Rate :  2.30 %
     
Allocation Ratio : Approximately 55.91 %
     
     
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