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Author Archives: hksar gov

Hong Kong’s Latest Foreign Currency Reserve Assets Figures Released

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

     The Hong Kong Monetary Authority (HKMA) announced today (December 6) that the official foreign currency reserve assets of Hong Kong amounted to US$425.1 billion as at the end of November 2024 (end-October 2024: US$421.3 billion) (Annex).
 
     There were no unsettled foreign exchange contracts at end-November and end-October 2024.      
 
     The total foreign currency reserve assets of US$425.1 billion represent over five times the currency in circulation or about 39 per cent of Hong Kong dollar M3.
 
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     At present, four press releases relating to the Exchange Fund’s data are issued by the HKMA each month. Three of these releases are issued to disseminate monetary data in accordance with International Monetary Fund’s Special Data Dissemination Standard (SDDS). The fourth press release, on the Exchange Fund’s Abridged Balance Sheet and Currency Board Account, is made in accordance with the HKMA’s policy of maintaining a high level of transparency. For the month of December 2024, the scheduled dates for issuing the press releases are as follows:
 

December 6 SDDS International Reserves
(Hong Kong’s Latest Foreign Currency Reserve Assets Figures)
December 13 SDDS Analytical Accounts of the Central Bank
(Analytical Accounts of the Exchange Fund) 
December 31 SDDS Template on International Reserves and
Foreign Currency Liquidity 
December 31 Exchange Fund Abridged Balance Sheet and
Currency Board Account 
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Grading of beach water quality released

     The Environmental Protection Department (EPD) today (December 6) released the latest grading of water quality for six gazetted beaches that are open all year round for swimming.
 
     Four beaches were rated as Good (Grade 1), and two as Fair (Grade 2).
 
Grade 1 beaches are:          

Clear Water Bay Second Beach Golden Beach
Deep Water Bay Beach Lido Beach
 
Grade 2 beaches are:
Casam Beach Silverstrand Beach
 
     Compared with the grading released last week, there was no change in the grading for these beaches.
 
     Under the present grading system, beaches are classified into four grades, namely Good (Grade 1), Fair (Grade 2), Poor (Grade 3) and Very Poor (Grade 4), according to the level of E. coli in the water. Grades are calculated on the basis of the geometric mean of the E. coli counts on the five most recent sampling occasions.
 
     While the ratings represent the general water quality at the beaches, an EPD spokesman reminded members of the public that water quality could be temporarily affected during and after periods of heavy rain. Bathers should avoid swimming at beaches for up to three days after a tropical cyclone or heavy rainfall.
 
     A summary of beach grades is published weekly before the weekend. The latest beach grades based on the most current data may be obtained from the EPD’s website on Beach Water Quality (www.epd.gov.hk/epd/beach) or the beach hotline, 2511 6666. Members of the public can also obtain the latest daily water quality forecast information for all beaches that are open for swimming through the EPD’s dedicated webpage on the beach water quality forecast (www.epd.gov.hk/en/BWQForecast). read more

Approved Tsuen Wan Outline Zoning Plan amended

     The Town Planning Board today (December 6) announced amendments to the approved Tsuen Wan Outline Zoning Plan (OZP).

     The amendments mainly involve (i) rezoning a site at the junction of Wing Shun Street and Texaco Road from “Government, Institution or Community (9)” to “Residential (Group A) 22”; and (ii) rezoning a site at the junction of Ma Tau Pa Road and Texaco Road from “Comprehensive Development Area (1)” to “Commercial (7)”.
      
     The Notes and Explanatory Statement of the OZP are amended to take into account the above amendments. Opportunity is also taken to update the general information of various land use zones and the planning scheme area, where appropriate.

     The draft Tsuen Wan OZP No. S/TW/38, incorporating the amendments, is available for public inspection during office hours at (i) the Secretariat of the Town Planning Board, (ii) the Planning Enquiry Counters, (iii) the Tsuen Wan and West Kowloon District Planning Office, (iv) the Tsuen Wan District Office, and (v) the Tsuen Wan Rural Committee.
      
     Any person may make written representations in respect of the amendments to the Secretary of the Town Planning Board on or before February 6, 2025. Any person who intends to make a representation is advised to read the Town Planning Board Guidelines No. 29C on “Submission and Processing of Representations and Further Representations” (TPB PG-No. 29C).

     Submission of a representation should comply with the requirements set out in TPB PG-No. 29C. In particular, the representer should take note of the following:

* If the representer fails to provide his or her full name and the first four alphanumeric characters of his or her Hong Kong identity card or passport number as required under TPB PG-No. 29C, the representation submitted shall be treated as not having been made; and
* The Secretariat of the Town Planning Board reserves the right to require the representer to provide identity proof for verification.

     The Guidelines and the submission form are available at the above locations (i) and (ii) and the Town Planning Board’s website (www.tpb.gov.hk).

     Copies of the draft Tsuen Wan OZP are available for sale at the Map Publications Centres in North Point and Yau Ma Tei. The electronic version of the OZP can be viewed on the Town Planning Board’s website (www.tpb.gov.hk). read more

CS attends seminar in Beijing on promoting talent exchanges and co-operation in Guangdong-Hong Kong-Macao Greater Bay Area (with photos)

     The Chief Secretary for Administration, Mr Chan Kwok-ki, attended a seminar in Beijing this morning (December 6) together with the Secretary for Labour and Welfare, Mr Chris Sun, and the Director of Hong Kong Talent Engage, Mr Anthony Lau. The seminar was convened by the Ministry of Human Resources and Social Security (MoHRSS) to exchange views on promoting talent exchanges and co-operation in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) and to deepen and forge the work of building Hong Kong into an international hub for high-calibre talent. Vice Minister of Human Resources and Social Security Mr Wu Xiuzhang, Deputy Secretary General of the People’s Government of Guangdong Province Mr Sun Zhe, and Deputy Director of the Education and Youth Development Bureau of the Macao Special Administrative Region Government Mr Teng Sio-hong also attended the meeting and delivered speeches.  
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     At the seminar, Mr Chan said that, “This year marks a fruitful year for integrated talent development in the GBA, achieving various significant milestones, including the signing of the framework agreement on promoting Guangdong-Hong Kong talent co-operation between the Guangdong Provincial Government and the Hong Kong Special Administrative Region (HKSAR) Government in January this year, and establishing a co-operation mechanism to enhance co-operation between the two places in respect of talent cultivation, attraction, and exchanges. In May this year, to further attract and retain talent, the 9+2 cities of the GBA signed a Memorandum of Understanding (MOU) to jointly strengthen services provided for talent in the region and create an environment more favourable for talent settling down.”
      
     Mr Chan said that Hong Kong has brought together diversified talent from around the globe, and has served as a window for outside talent for the GBA and the country. Hong Kong will play the important roles of building an international hub for post-secondary education, attracting innovation and technology talent and leading technology enterprises, and strengthening Hong Kong’s status as an international talent hub, with a view to making greater contributions to Hong Kong and the country’s high-quality development, and accelerating the process of building China into a great country through modernisation.
      
     “Each city of the GBA possesses unique advantages on development, and has ample room for collaboration. Looking ahead, I have confidence that Hong Kong will build on our past efforts to continue to enhance the GBA’s strategic planning on areas including the admission, nurturing and mobility of talent, with a view to expediting the enhancement of the ability to attract and gather talent in the GBA to make a greater contribution to the high-quality development of our country,” Mr Chan concluded.
      
     Witnessed by Mr Chan, Mr Sun signed at the seminar an MOU on behalf of the Labour and Welfare Bureau of the HKSAR Government, together with the MoHRSS, the Human Resources and Social Security Department of Guangdong Province (GDHRSSD), and the Talent Development Committee of the Macao Special Administrative Region Government (MTDC). The MOU will help the GBA to jointly build a pilot international hub for high-calibre talent, a demonstration zone of interface and reform of talent-related regulations, a strategic fulcrum of innovation and entrepreneurship of talent in the GBA, an innovative co-operation zone of skilled workforce training, and a high-quality development zone of human resources. The MOU will consolidate efforts of different parties and expedite the creation of a strategic fulcrum for the building of a talent-rich country.
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     The seminar was attended by the MoHRSS, the GDHRSSD, and the MTDC, together with representatives from the Human Resources and Social Security Bureau of Guangzhou, Shenzhen and Zhuhai of Guangdong Province, etc.
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     Mr Chan and the delegation will depart from Beijing for Hong Kong this afternoon.

Photo  Photo  
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