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Author Archives: hksar gov

Result of tenders of People’s Bank of China RMB Bills held on September 20, 2022

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

     Result of tenders of People’s Bank of China RMB Bills held on September 20, 2022:
 

Tender Result
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Tender Date : September 20, 2022
Bills available for Tender : Six-month RMB Bills
Issuer : The People’s Bank of China
Issue Number : BCHKFP22040
Issue Date : September 22, 2022
Maturity Date : March 23, 2023 (or the closest coupon payment date)
Application Amount : RMB 22,810.5 million
Issue Amount : RMB 5,000 million
Average accepted Coupon Rate : 2.11%
Highest accepted Coupon Rate
(Bills’ Coupon)
: 2.20%
Lowest accepted Coupon Rate : 1.90%
Allocation Ratio : Approximately 32.96%
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Study Subsidy Scheme for Designated Professions/Sectors for 2023/24 cohort announced

     The Government announced today (September 20) that the Study Subsidy Scheme for Designated Professions/Sectors (SSSDP) will subsidise a total of 3 265 places in 47 undergraduate programmes of eight post-secondary institutions for the cohort to be admitted in the 2023/24 academic year. 
 
     These 47 designated programmes fall under 10 disciplines that have been identified as having keen manpower demand, namely architecture and engineering, computer science, creative industries, financial technology, healthcare, insurance, logistics, sports and recreation, testing and certification, and tourism and hospitality. The programmes include the four applied degrees selected for the Pilot Project on the Development of Applied Degree Programmes. 
 
     The programmes and number of subsidised places under the SSSDP are determined by the Education Bureau (EDB) in consultation with relevant policy bureaux and departments. Details of the participating institutions, the programmes and the number of subsidised places are listed in the Annex. The EDB will continue to work together with relevant policy bureaux and departments to explore covering more suitable programmes in the SSSDP.
 
     In the 2023/24 academic year, the annual subsidy amount for laboratory-based programmes will be increased from $77,040 in the 2022/23 academic year to $78,280, while that for non-laboratory-based programmes will be increased from $44,240 to $44,950 according to the movement of the Composite Consumer Price Index.
 
     The adjusted subsidy amounts are applicable to both new and continuing eligible students. The subsidy is tenable for the normal duration of the programmes concerned. Subsidised students will pay a tuition fee with the subsidy applied. Students in need may still apply for student financial assistance from the Student Finance Office of the Working Family and Student Financial Assistance Agency in respect of the actual amount of tuition fee payable.
 
     Allocation of the subsidised first-year intake places will mainly go through the Joint University Programmes Admissions System to ensure that eligible students are selected on a merit basis.
 
     The SSSDP was launched in the 2015/16 academic year to subsidise students to pursue designated full-time locally accredited self-financing undergraduate programmes in selected disciplines. The objectives are as follows:
 
(1) To increase the supply of subsidised undergraduate places by leveraging the supply of the self-financing post-secondary education sector;
 
(2) To nurture talent in support of specific industries with keen demand for human resources;
 
(3) To encourage the self-financing post-secondary education sector to offer programmes in selected disciplines that meet Hong Kong’s social and economic needs by providing targeted financial support; and
 
(4) To support the healthy and sustainable development of the self-financing post-secondary education sector to complement the University Grants Committee-funded sector in broadening and diversifying study opportunities.
 
     The scope of the SSSDP was expanded with effect from the 2019/20 academic year to benefit students enrolling in designated sub-degree programmes. The relevant details for the 2023/24 cohort, including the participating institutions, the sub-degree programmes, the number of subsidised places, the subsidy amounts and more, will be announced in due course. 
 
     Details of the SSSDP are available on the EDB website (www.cspe.edu.hk/sssdp).
 
     For information about the Pilot Project on the Development of Applied Degree Programmes, please refer to the EDB press release (www.info.gov.hk/gia/general/202106/28/P2021062800464.htm). read more

Hong Kong Customs conducts joint enforcement operations with FEHD regarding sale of hairy crabs (with photos)

     Hong Kong Customs and the Food and Environmental Hygiene Department (FEHD) have been carrying out joint enforcement operations since last Thursday (September 15) to inspect hairy crab retail outlets in various districts, with the aim of protecting consumer rights and upholding food safety by ensuring hairy crabs on sale in the market comply with relevant stipulations and requirements under the laws.

     During the inspections, Customs officers and officers of the Centre for Food Safety and the Environmental Hygiene Branch of the FEHD monitored the sale of hairy crabs and also checked supportive documents for the place of origin and health certificates of the hairy crabs to ensure that the hairy crabs sold at retail shops are fit for human consumption and are in compliance with the Trade Descriptions Ordinance (TDO), the Food Safety Ordinance and the Public Health and Municipal Services Ordinance.

      Up till present, officers of the two departments have inspected 172 hairy crab retail shops and no irregularity has been found so far. The relevant joint enforcement operations will continue.

      Apart from carrying out inspections in the market, Customs officers also made use of a big-data analytics system to conduct analyses and verify whether online shops selling hairy crabs had complied with the TDO with a view to safeguarding the interests of consumers while making online purchases.  
 
     Customs attaches great importance to the protection of consumer rights and will take appropriate enforcement action once activities in violation of the TDO are detected in the market. The department also reminds traders not to apply a false trade description to goods or services, or to supply or offer to supply goods or services to which a false trade description is applied. Those who violate the TDO are liable on conviction to a maximum fine of $500,000 and imprisonment for five years.

     The FEHD reminds traders that according to the Public Health and Municipal Services Ordinance, all food available for sale in Hong Kong, whether imported or locally produced, should be fit for human consumption. Also, any person who operates an unlicensed food business or sells restricted foods without permission is liable upon conviction to a maximum fine of $50,000 and imprisonment for six months. Under the Food Safety Ordinance, any person who, without reasonable excuse, fails to comply with the record-keeping requirement relating to movement of food commits an offence and is liable to a maximum fine of $10,000 and imprisonment for three months upon conviction.

     Customs and the FEHD remind traders not to import or put on sale hairy crabs of an unknown origin. Consumers should make purchases at reputable shops with the Shell Fish (Hairy Crab) Permit or relevant written permission granted by the FEHD.

     Members of the public may make a report to Customs’ 24-hour hotline 2545 6182 or its dedicated crime-reporting email account (crimereport@customs.gov.hk) if they suspect that hairy crabs bought are of a falsely claimed place of origin.

     In addition, if members of the public suspect that there are operators selling hairy crabs without the relevant permits/permissions or the hairy crabs are not accompanied with health certificates, they may file a report to the FEHD by calling the hotline at 2868 0000 or through email (enquiries@fehd.gov.hk).

Photo  Photo  
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