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Author Archives: hksar gov

Announcement by Independent Review Committee on Hong Kong’s Franchised Bus Service on Typhoon and Rainstorm Warning Arrangements for Hearings

The following is issued on behalf of the Independent Review Committee on Hong Kong’s Franchised Bus Service (the Committee):

     Unless directed otherwise by the Committee, the following arrangements for the scheduled hearings to receive oral evidence from invited parties will be adopted if Tropical Cyclone Signal No. 8 or above or a Black Rainstorm Warning Signal is hoisted or cancelled:

1. If the signal is lowered or cancelled before or at 6am, the hearing will be held at the scheduled time in the morning.

2. If the signal is lowered or cancelled between 6am and 11am, the scheduled hearing will be held at 2.30pm in the afternoon.

3. If the signal is lowered or cancelled after 11am or remains in force throughout the hearing day, no hearing will be held for that day.  

4. If the signal is hoisted during a hearing session, the hearing will be adjourned immediately.
 
    When Tropical Cyclone Signal No. 8 or above or a Black Rainstorm Warning Signal is hoisted or cancelled, any public announcement by the Committee on the hearing arrangements will be issued via the Government’s Information Services Department and available on the Government’s Press Releases webpage as well as the Committee’s website for public access. In addition, announcements about the adjournment of the hearing will be made on radio and television.

     If any scheduled hearing is cancelled or adjourned, the Committee will announce the arrangements for resuming the hearing and inform the parties concerned separately.

     For enquiries, please contact the Secretariat of the Committee at 2867 5324. read more

SEN attends C40 Steering Committee meeting and Cities4Climate conference (with photos)

     The Secretary for the Environment, Mr Wong Kam-sing, today (September 12, San Francisco time) attended the Cities4Climate conference, an affiliate event of the Global Climate Action Summit (GCAS), in San Francisco, the United States. At the session entitled “In Conversation: Where Equity Meets Sustainability”, Mr Wong introduced Hong Kong’s work in combating climate change, including the challenges faced in the city’s compact environment and the opportunities arising from it.

     Before attending the conference, Mr Wong participated in the Steering Committee meeting of the C40 Cities Climate Leadership Group to update mayors and officials of other cities on the latest developments of climate actions in Hong Kong.

     In the afternoon, Mr Wong was interviewed by the media to explain Hong Kong’s work on combating climate change and promoting green buildings.

     Afterwards, he attended two receptions hosted by the GCAS Chinese delegation and Bloomberg Philanthropies respectively.

     Mr Wong will participate in the opening plenary of the GCAS tomorrow morning (September 13, San Francisco time).

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Mainland credit rating company leverages Hong Kong’s global financial hub status (with photo)

     Lianhe Ratings Global Limited (Lianhe Global), which is wholly-owned by Lianhe Credit Information Service Co Ltd (LHCIS), announced today (September 13) that it has now started full operation in Hong Kong to tap into the city’s vibrant financial scene and take advantage of the opportunities arising from Belt and Road Initiative and Guangdong-Hong Kong-Macao Greater Bay Area development.

     Lianhe Global strives to provide independent, objective and fair credit rating services to investors and issuers around the globe. It currently focuses on international ratings for Chinese bond issuers, including property developers, industrials, financial institutions, local government financing vehicles and structured finance, according to the CEO of Lianhe Global, Dr Stan Ho. He also said that leveraging its parent company’s status as one of the largest professional credit information service providers in the Mainland, as well as its solid and comprehensive industry experiences, Lianhe Global is capable of providing an alternative and deeper perspective on Chinese credits to international investors. 

     “Hong Kong is one of the major international financial centres in the world, where all the key bond market participants including investors and investment bankers are located. Hence it is a logical choice for us to set up the first offshore and international office in Hong Kong,” said Dr Ho.

     “With Hong Kong’s strategic role in the Belt and Road Initiative as well as the development of the Greater Bay Area, we believe that our presence in Hong Kong will meet our international business expansion objectives by better serving the international bond investors and other relevant market participants,” he added.

     The Associate Director-General of Investment Promotion, Dr Jimmy Chiang, welcomed the arrival of Lianhe Global in Hong Kong. “Hong Kong, as one of the world’s top international financial centres, is a prime location for financial services. In fact, many Mainland and international financial institutions and banks are located here. It is the best springboard for Lianhe Global from which to extend its credit rating services to the world,” he said.

About Lianhe Global

     Wholly-owned by LHCIS, Lianhe Global is headquartered in Hong Kong and is the regional office of LHCIS. Lianhe Global has been granted a Type 10 License by the Securities and Futures Commission of Hong Kong. For more information, please visit lhratingsglobal.com.

About InvestHK

     InvestHK is the department of the Hong Kong Special Administrative Region Government responsible for attracting foreign direct investment and supporting overseas and Mainland businesses to set up or expand in Hong Kong. It provides free advice and customised services for overseas and Mainland companies enrolled as its clients. For more information, please visit www.investhk.gov.hk.

     For an event photo, please visit www.flickr.com/photos/investhk/albums/72157695434361540.

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