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Treasury Markets Summit 2018 (with photos)

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

     The Treasury Markets Summit 2018, jointly organised by the Hong Kong Monetary Authority (HKMA) and the Treasury Markets Association (TMA), was held today (September 21) in Hong Kong. 

     In his keynote address to the Summit, the Chief Executive of the HKMA, Mr Norman Chan, shared his view that crypto-assets would unlikely become an alternative form of money in the future. He explained why such crypto-assets lack “moneyness” while presenting various challenges to supervisors, policy makers and law enforcement agents. Mr Chan said that industry practitioners, regulators and policy makers, while embracing new technology and innovation, must also guard against the risk of overlooking the nature of the financial transactions and the risks that are inherent in these transactions under the pretext of technological advancement. In his address, Mr Chan also pointed out that overseers of payment systems should take proactive steps to ensure that large value as well as small value retail payment systems, making use of commercial bank or central bank balances, are efficient, convenient and at low cost to the users. In this connection, he referred to the launch of the Faster Payment System which will provide instantaneous and free P2P payments, making use of either mobile phone number or email address.
 
     The Summit’s panels focused on three important topics, including global economic developments, financial market cooperation within the Guangdong-Hong Kong-Macao Greater Bay Area, and the potential impact of virtual banking and other fintech advancements on traditional treasury operations.
 
     Speakers of the panels included the Deputy Chief Executive of the HKMA and Chairman of TMA Executive Board, Mr Howard Lee; the General Manager, Head of Investment, Investment Management, Bank of China (Hong Kong) Limited, Mr Chordio Chan; and the Chief Executive Officer of TMA, Mr Jack Cheung. They were joined by other distinguished guest speakers from the financial industry.
 
     The Summit was attended by over 300 local and overseas participants, including representatives from regulatory authorities, Government officials, treasury market practitioners, asset managers as well as senior executives and professionals from banks, other financial institutions and corporates.

Photo  Photo  
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CHP investigates case of Legionnaires’ disease in hospital

     The Centre for Health Protection (CHP) of the Department of Health is today (September 21) investigating a case of Legionnaires’ disease (LD) in Pok Oi Hospital (POH), and stressed the importance of using and maintaining properly designed man-made water systems, and that susceptible groups should strictly observe relevant precautions.
 
     The male patient, aged 71, was admitted to POH on July 11 for underlying illness and has developed fever and shortness of breath since August 29. The clinical diagnosis is pneumonia and he is in a serious condition.
 
     His sputum sample tested positive for Legionella pneumophila serogroup 1 upon laboratory testing.
 
     Initial enquiries revealed that the patient had no travel history during the incubation period.
 
     “Epidemiological investigations with the hospital are ongoing to identify potential sources of infection, high-risk exposure and clusters, if any. Relevant water samples and environmental swabs have been collected from potential sources for laboratory testing,” a spokesman for the CHP said.
 
     Tracing of contacts including staff and in-patients therein is ongoing and those identified will be put under medical surveillance. The CHP has provided health advice against LD to staff and in-patients, including those with weakened immunity who should use sterile or boiled water for drinking, tooth brushing and mouth rinsing.
 
     Legionellae are found in various environmental settings and grow well in warm water (20 to 45 degrees Celsius). They can be found in aqueous environments such as water tanks, hot and cold water systems, cooling towers, whirlpools and spas, water fountains and home apparatus which support breathing. People may get infected when they breathe in contaminated droplets (aerosols) and mist generated by artificial water systems, or when handling garden soil, compost and potting mixes.

     Immunocompromised persons should:
 

  1. Use sterile or boiled water for drinking, tooth brushing and mouth rinsing;
  2. Avoid using humidifiers, or other mist- or aerosol-generating devices. A shower may also generate small aerosols; and
  3. If using these devices, fill the water tank with only sterile or cooled freshly boiled water, and not tap water. Also, clean and maintain them regularly according to manufacturers’ instructions. Never leave stagnant water. Empty the water tank, wipe all surfaces dry, and change the water daily.

     The public should observe the health advice below:
 
  • Observe personal hygiene;
  • Do not smoke and avoid alcohol;
  • Strainers in water taps and shower heads should be inspected, cleaned, descaled and disinfected regularly or at a frequency recommended by the manufacturer;
  • If a fresh water plumbing system is properly maintained, it is not necessary to install domestic water filters. Use of water filters is not encouraged as clogging occurs easily, which can promote growth of micro-organisms. In case water filters are used, the pore size should be 0.2 micrometres (µm) and the filter needs to be changed periodically according to the manufacturer’s recommendations;
  • Drain and clean water tanks of buildings at least quarterly;
  • Drain or purge for at least one minute the infrequently used water outlets (e.g. water taps, shower heads and hot water outlets) and stagnant points of the pipework weekly or before use;
  • Seek and follow medical advice regarding the use and maintenance of home respiratory devices and use only sterile (not distilled or tap) water to clean and fill the reservoir. Clean and maintain them regularly according to the manufacturer’s instructions. After cleaning/disinfection, rinse the device with sterile water, cooled freshly boiled water or water filtered with 0.2-µm filters. Never leave stagnant water. Empty the water tank, keep all surfaces dry, and change the water daily; and
  • When handling garden soil, compost and potting mixes:
     1. Water gardens and compost gently using low pressure;
     2. Open composted potting mixes slowly and make sure the opening is directed away from the face;
     3. Wet the soil to reduce dust when potting plants; and
     4. Avoid working in poorly ventilated places such as enclosed greenhouses.

     The public may visit the CHP’s LD page, the Code of Practice for Prevention of LD and the Housekeeping Guidelines for Cold and Hot Water Systems for Building Management of the Prevention of LD Committee, and the CHP’s risk-based strategy for prevention and control of LD. read more

HAD to open temporary night heat shelters

     The Home Affairs Department will open 19 temporary night heat shelters tonight (September 21) for people in need of the service.
      
     The shelters will be open from 10.30pm until 8am tomorrow.

     For further information, please call the department’s enquiries hotline before midnight on 2835 1473.
      
     The 19 night heat shelters are located at:
 
Hong Kong Districts:
———————
 
Central and Western –
Sai Ying Pun Community Complex Community Hall
3/F, Sai Ying Pun Community Complex,
2 High Street, Sai Ying Pun
 
Eastern –
Causeway Bay Community Centre
Waiting Lobby, 3/F, 7 Fook Yum Road, Causeway Bay
 
Southern –
Lei Tung Community Hall
Lei Tung Estate, Ap Lei Chau

Wan Chai –
Wan Chai Activities Centre
LG/F, Wan Chai Market, 258 Queen’s Road East, Wan Chai

Kowloon Districts:
——————
 
Kowloon City –
Hung Hom Community Hall
Multi-purpose Room, 1/F, Kowloon City Government Offices,
42 Bailey Street, Hung Hom
 
Kwun Tong –
Lam Tin (West) Estate Community Centre
71 Kai Tin Road, Lam Tin
 
Sham Shui Po –
Shek Kip Mei Community Hall
G/F, Block 42, Shek Kip Mei Estate,
Nam Cheong Street, Sham Shui Po

Wong Tai Sin –
Tsz Wan Shan (South) Estate Community Centre
Hall, G/F, 45 Wan Wah Street, Tsz Wan Shan
 
Yau Tsim Mong –
Henry G Leong Yaumatei Community Centre
60 Public Square Street, Yau Ma Tei
 
New Territories Districts:
————————–
 
Islands –
Tung Chung Community Hall
G/F, Tung Chung Municipal Services Building,
39 Man Tung Road, Tung Chung
 
Kwai Tsing –
Kwai Shing Community Hall
Podium, Block 6, Kwai Shing West Estate, Kwai Chung
 
North –
Cheung Wah Community Hall
Cheung Wah Estate, Fanling
 
Sai Kung –
Hang Hau Community Hall
G/F, Sai Kung Tseung Kwan O Government Complex,
38 Pui Shing Road, Hang Hau, Tseung Kwan O
 
Sha Tin –
Lung Hang Estate Community Centre
Lung Hang Estate, Sha Tin
 
Tai Po –
Tai Po Community Centre
2 Heung Sze Wui Street, Tai Po
 
Tsuen Wan –
Lei Muk Shue Community Hall
G/F, Hong Shue House, Lei Muk Shue Estate, Tsuen Wan
 
Tuen Mun –
Butterfly Bay Community Centre
Butterfly Estate (near Tip Sum House), Tuen Mun
 
Yuen Long –
Long Ping Community Hall
Long Ping Estate, Yuen Long
 
Yuen Long –
Tin Yiu Community Centre
Tin Yiu Estate, Tin Shui Wai
      
     The temporary night heat shelters will resume their functions as either community centres or community halls in the daytime for hire by the local community and cannot continue to be open as heat shelters. People may choose to take refuge from the heat during the daytime in the common areas in any of the 21 designated community centres or community halls. Their opening hours are from 9am to 10pm. For addresses of the community centres or community halls, please browse the following webpage: www.had.gov.hk/file_manager/en/documents/public_services/emergency_services/List_CH_CC_Day_E.pdf. read more