image_pdfimage_print

Author Archives: hksar gov

Speech by CE at 2018 Hong Kong Green Finance Forum and Launch of the Hong Kong Green Finance Association (English only) (with photos/video)

     Following is the speech by the Chief Executive, Mrs Carrie Lam, at the 2018 Hong Kong Green Finance Forum and Launch of the Hong Kong Green Finance Association today (September 21):
 
Deputy Director Qiu Hong (Deputy Director of the Liaison Office of the Central People’s Government in the Hong Kong Special Administrative Region Ms Qiu Hong), Laura (Chairman of Hong Kong Exchanges and Clearing Limited, Mrs Laura M Cha), Dr Ma (Chairman and President of the Hong Kong Green Finance Association, Dr Ma Jun), ladies and gentlemen,
 
     Good morning. I’m pleased to join you today for the Hong Kong Green Finance Forum and the launch of the Hong Kong Green Finance Association. I would say that both the Forum and the launch of the Association are most timely, as Hong Kong is on the road to develop into a hub for green finance.
 
     Coincidentally, coming to this landmark event this morning reminds me of something I have done exactly 10 years ago, and that is to support and facilitate the setting up of the Hong Kong Green Building Council. I am sure that there could be a lot of synergy between the Hong Kong Green Building Council, which is tasked to ensure energy efficiency in our built environment, with the Hong Kong Green Finance Association. If you need any help from me, Dr Ma, I am happy to be the connector.
 
     It is not only about Hong Kong’s development, but will also contribute to the development of our country. In his report delivered at the 19th National Congress in October last year, President Xi Jinping outlined the plan to speed up reform of the system for developing an ecological civilisation. He made it clear that the country will promote green development. In particular, the country will create a market-based system for green technology innovation, develop green finance, and spur the development of energy-saving and environmental protection industries as well as clean production and clean energy industries. The country’s initiatives will create strong demand for green funding. Being China’s international financial centre, Hong Kong is well positioned to offer the needed financial services, and capture the opportunities arising from it.
 
     There is also a global dimension. The world made an important step forward with the 2015 Paris Agreement, adopted by 195 countries, which is also applicable to Hong Kong. The goals of the Paris Agreement, which include a two-degree limit on world temperature increases, are estimated to cost nearly US$7 trillion a year globally between 2016 and 2030. Governments alone can hardly hope to raise such sums. Which is why, in 2016, green finance was included for the first time on the agenda of the G20 Summit held in Hangzhou.
 
     The strong demands for green funding and for green investment opportunities have led to the exponential growth in global green finance. In particular, the international green bond market has been flourishing. Governments, multilateral development banks and public entities worldwide have turned to green bond issuances. Indeed, the global aligned green bond issuance for the first half of this year rose 9 per cent, year-on-year, to about US$77 billion. Of that, Mainland China represented 12 per cent, up an encouraging 14 per cent over the same period the previous year.
 
     Hong Kong is ready to join the great green wave. Subject to the authorisation of our legislature, my Government will launch a green bond issuance programme with a borrowing ceiling of HK$100 billion, making it among the largest sovereign green bond issuance programmes in the world.
 
     In addition, we have launched the Green Bond Grant Scheme, which subsidises the costs issuers incur in obtaining certification under our Green Finance Certification Scheme. We have also put in place an enhanced Qualifying Debt Instrument scheme to spur market demand. It offers tax concessions for bond investment in Hong Kong.
 
     I’m pleased to say that we’re doing a bang-up business in bonds. In the first half of this year, 15 green bonds were issued here. Their aggregate size of US$8 billion comes courtesy of a multitude of issuers, including multilateral agencies and private entities from around the world.
 
     Our green finance profile is also looking good internationally. Hong Kong is a founding member centre of the G7-supported International Network of Financial Centres for Sustainability. The Network was launched last year and is a partnership between financial centres and the United Nations Environment Programme to exchange experience and take common action on shared priorities, with a view to accelerating the expansion of green and sustainable finance.
 
     In June, the Hong Kong Monetary Authority, in collaboration with the International Capital Market Association and the People’s Bank of China, held two events on green bonds which gathered a total of 1 300 industry professionals and policymakers. Our Securities and Futures Commission and Hong Kong Exchanges and Clearing Limited have also been active in the global green finance scene, promoting market development through such initiatives as the United Nations Sustainable Stock Exchanges.
 
     As Hong Kong is building momentum on green finance, we are glad to see the proactive initiative from over 90 market practitioners and business front-runners in launching the Hong Kong Green Finance Association. Indeed, the establishment of the Association marks another milestone in the development of Hong Kong as a green finance hub. It signifies the depth of our market for green finance and industry’s commitment to putting Hong Kong on the world map as a green finance capital. Rest assured, my Government will support the Association and other local professional bodies in their work, including in their collaboration with overseas counterparts in the promotion of green finance.
 
     I wish the Association every success in the sustainable future. And I wish you all a very rewarding Forum today. Thank you very much.

Photo  Photo  
read more

CHP reminds public on precautions against heat stroke during very hot weather

     The Centre for Health Protection (CHP) of the Department of Health (DH) today (September 21) reminded members of the public, particularly those undertaking outdoor activities, to take heed of necessary measures against heat stroke and sunburn in very hot weather.

     “The public should carry and drink plenty of water to prevent dehydration while engaging in outdoor activities,” a spokesman for the CHP said.

     “Those engaged in strenuous outdoor activities should avoid beverages containing caffeine, such as coffee and tea, as well as alcohol, as they speed up water loss through the urinary system,” the spokesman explained.

     “The obese, the sick, including those with heart disease or high blood pressure, the old and the young are more vulnerable to heat-related illnesses. They should pay special attention,” the spokesman added.

     The public should adopt the following precautions:
 

  • Wear loose and light-coloured clothing to reduce heat absorption and facilitate sweat evaporation and heat dissipation;
  • Avoid vigorous exercise and prolonged activities like hiking or trekking as heat, sweating and exhaustion place additional demands on the physique;
  • Perform outdoor activities in the morning or late afternoon;
  • For indoor activities, open all windows, use a fan or use air-conditioning to maintain good ventilation; and
  • Reschedule work to cooler times of the day.

     If working in a hot environment is inevitable, introduce shade in the workplace where practicable, and start work slowly and pick up the pace gradually. Get into a cool area for rest at regular intervals to allow the body to recuperate.

     The public should also note the latest and the forecast Ultraviolet (UV) Index released by the Hong Kong Observatory (HKO). When the UV Index remains high (6 or above):
 
  • Minimise direct exposure of the skin and the eyes to sunlight;
  • Wear loose long-sleeved clothing made of close-woven fabrics;
  • Wear a wide brim hat or use an umbrella;
  • Seek a shaded area or put on UV-blocking sunglasses;
  • Apply a broad-spectrum sunscreen lotion with a sun protection factor (SPF) of 15 or above. Apply liberally and reapply after swimming or sweating; and
  • While using DEET-containing insect repellents for personal protection against mosquito-borne diseases, apply sunscreen first, then insect repellent.

     If symptoms develop, such as dizziness, headache, nausea, shortness of breath or confusion, rest and seek help immediately, and seek medical advice as soon as possible.

     The public may get more information from the DH’s Health Education Hotline (2833 0111), heat stroke page and UV radiation page; the HKO’s Dial-a-Weather (1878 200), latest weather and forecastUV Index and weather information for hiking and mountaineering; and press releases of the Labour Department on precautions against heat stroke for outdoor workers and their employers when the Very Hot Weather Warning is in force. read more

Anti-mosquito measures urged on festive occasion

     The Centre for Health Protection (CHP) of the Department of Health today (September 21) urged the public to carry out preventive measures to avoid mosquito bites while celebrating Mid-Autumn Festival.

     There are many mosquito-borne diseases, including dengue fever (DF), chikungunya fever, Japanese encephalitis (JE), malaria, yellow fever and Zika virus infection. These diseases are endemic in many overseas countries. In recent years, local cases of DF and JE have been recorded in Hong Kong. 

     A spokesman for the CHP said, “Regarding DF, a record high of 29 local cases have been detected since mid-August this year. The public are reminded that eliminating breeding sites for mosquitoes and avoiding mosquito bites are key to preventing DF. When doing outdoor activities such as visiting parks, grass pitches and beaches during the Mid-Autumn Festival holidays, one needs to apply DEET-containing mosquito repellents to exposed parts of the body and clothing for better personal protection.”

     In addition, members of the public who intend to travel during the Mid-Autumn Festival holidays should stay alert to the DF situation and other mosquito-borne diseases in their destinations and carry out anti-mosquito measures as necessary.

  Regarding the latest DF situation, as of yesterday, a total of 108 cases had been confirmed in 2018, comprising 29 local and 79 imported cases mainly from Thailand (30), the Philippines (14) and Cambodia (9). From September 14 to 20, two imported DF case were recorded and the patients had been to Bangladesh (one case) and Thailand (one case) in the incubation period.

     DF remains endemic in some areas in Asia and beyond. The latest figures for 2018 revealed that 57 129 cases had been recorded in Thailand, 2 045 in Singapore (since December 31, 2017) and 119 in Japan. In Taiwan, 117 local cases have been recorded to date in 2018. In the Americas, 29 665 cases have been filed to date in Mexico in 2018.
     
     The public should take heed of the following advice on mosquito control: 
 

  • Thoroughly check all gully traps, roof gutters, surface channels and drains to prevent blockage;
  • Scrub and clean drains and surface channels with an alkaline detergent compound at least once a week to remove any deposited mosquito eggs;
  • Properly dispose of refuse, such as soft drink cans, empty bottles and boxes, in covered litter containers;
  • Completely change the water of flowers and plants at least once a week. The use of saucers should be avoided if possible;
  • Level irregular ground surfaces before the rainy season;
  • Avoid staying in shrubby areas; and
  • Take personal protective measures such as wearing light-coloured long-sleeved clothes and trousers and apply insect repellent containing DEET to clothing or uncovered areas of the body when doing outdoor activities.
 
     To reduce the risk of infections being spread by mosquitoes, apart from general measures, travellers returning from affected areas should apply insect repellent for 14 days (DF) or at least 21 days (Zika virus infection) upon arrival in Hong Kong. Among the imported DF cases recorded in Hong Kong since 2015 (as of yesterday), the most common places for acquiring the infection included Thailand (88), Indonesia (65), the Philippines (65), India (26), Malaysia (23), Vietnam (23) and Cambodia (20). People should pay particular attention to anti-mosquito measures when travelling to these countries and after coming back to Hong Kong. If feeling unwell, seek medical advice promptly and provide travel details to the doctor. DEET-containing insect repellents are effective and the public should take heed of the tips below: 
 
  • Read carefully the label instructions first;
  • Apply right before entering an area with risk of mosquito bites;
  • Apply on exposed skin and clothing;
  • Use DEET of up to 30 per cent for pregnant women and up to 10 per cent for children*;
  • Apply sunscreen first, then insect repellent; and
  • Re-apply only when needed and follow the instructions.

* For children who travel to countries or areas where mosquito-borne diseases are endemic or epidemic and where exposure is likely, those aged 2 months or above can use DEET-containing insect repellents with a DEET concentration of up to 30 per cent.

     Currently, vaccines are available in Hong Kong as preventive measures against yellow fever and JE, while anti-malarial chemoprophylaxis is also available. Members of the public planning to travel to affected areas should consult their doctors for advice on vaccination or chemoprophylaxis. Travellers planning to receive yellow fever vaccination and travel health medical advice should arrange travel health consultation with the DH’s Travel Health Service at least six to eight weeks before the trip.
 
     The public may visit the CHP website, the latest Travel Health News and tips for using insect repellents for more information. read more