The following is issued on behalf of the Hong Kong Monetary Authority: The Hong Kong Monetary Authority (HKMA) announced today (August 31) that the total assets of the Exchange Fund amounted to HK$4,216.3 bil… read more
The following is issued on behalf of the Hong Kong Monetary Authority: The Hong Kong Monetary Authority announced the results of the residential mortgage survey for July 2022. The number… read more
The following is issued on behalf of the Hong Kong Monetary Authority: According to statistics published today (August 31) by the Hong Kong Monetary Authority, total deposits with authorized institutions increased by 0…. read more
The Transport Department (TD) today (August 31) announced that the fifth batch of four projects has been approved by the Management Committee on Smart Traffic Fund, involving a total grant of around $11.8 million.
The four approved projects in the latest batch cover artificial intelligence to detect elderly and disabled persons via thermal images, use of artificial intelligence and video analytics to detect traffic offences, a passenger counting system, and an augmented reality-assisted head-up display for driving strategy recommendation by recognising driving scenes. Details of the projects are available on the Fund’s website (www.stf.hkpc.org).
The Fund accepts applications year round to provide funding support to local organisations and enterprises for conducting research and application of innovation and technology with the objectives of enhancing commuting convenience, enhancing efficiency of the road network or road space, and improving driving safety. All applications are considered and assessed in batches by the Management Committee, which is chaired by the Deputy Commissioner for Transport (Planning and Technical Services) and comprises representatives from the Government, experts in the industry and relevant stakeholders.
The TD appeals to interested organisations and enterprises for participation to help make the Fund a success, and to build Hong Kong into a liveable and sustainable city by driving Hong Kong toward a new era of transportation.
Application details are available on the Fund’s website. For enquiries, please contact the Hong Kong Productivity Council, the Secretariat of the Fund, on 2788 5536 or stf_sec@hkpc.org. read more
The Culture, Sports and Tourism Bureau (CSTB) today (August 31) held a session on “Spirit of the President’s Important Speech” at the Central Government Offices. The Secretary for Culture, Sports and Tourism, Mr Kevin Yeung, attended as the major speaker. Mr Yeung studied in depth with directorate staff the important speech delivered by President Xi Jinping at the meeting celebrating the 25th anniversary of Hong Kong’s return to the motherland and the inaugural ceremony of the sixth-term Government of the Hong Kong Special Administrative Region (HKSAR), and reflected on ways to implement the messages of the speech into policies and works.
President Xi raised in his important speech “four musts” for the new administration: it must fully and faithfully implement the principle of “one country, two systems”; it must uphold the Central Government’s overall jurisdiction while securing the HKSAR’s high degree of autonomy; it must ensure that Hong Kong is administered by patriots; and it must maintain Hong Kong’s distinctive status and advantages. President Xi also laid down “four proposals” for the newly inaugurated Government, i.e. further improving its governance, continuing to create strong impetus for growth, earnestly addressing people’s concerns and difficulties in daily life, and working together to safeguard harmony and stability.
Mr Yeung said, “The National 14th Five-Year Plan supports the development of Hong Kong into a hub for arts and cultural exchanges between China and the rest of the world. The Government will facilitate the development of arts, cultural and creative industries, spare no efforts in consolidating Hong Kong’s status as a hub for arts and cultural exchanges between China and the rest of the world as specified in the National 14th Five-Year Plan, showcase the rich heritage of Chinese culture, the soft power of our country, and tell the China story and Hong Kong story well.”
He stressed that in line with President Xi’s speech, the CSTB will seize the historic opportunities, respond to the industries’ requests, make every effort to promote the development of Hong Kong’s cultural, sports and tourism affairs, and collaborate with different policy bureaux and industries, so as to live up to the country’s care and high expectations for Hong Kong.
During the session, the Permanent Secretary for Culture, Sports and Tourism, Mr Joe Wong, and the Under Secretary for Culture, Sports and Tourism, Mr Raistlin Lau, also shared their thoughts with the participants.
Lastly, Mr Yeung concluded by encouraging colleagues to keep in mind the expectations of President Xi on Hong Kong, so that the policies would be formulated and executed in the best way possible, as well as being in line with the country’s main policy direction and for the benefit of the community. Colleagues are expected to be dedicated to work and serve the community. In his concluding remarks, Mr Yeung highlighted the importance of upholding the policy direction mentioned in President Xi’s speech, which is to enrich people’s lives continuously through promotion of arts and culture, sports and recreational activities and tourism, create an environment which promotes health and wellness, build a united community, and contribute to the social wellbeing of people in Hong Kong.
