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Result of tenders of People’s Bank of China RMB Bills held on August 22, 2022

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

     â€‹Result of tenders of People’s Bank of China RMB Bills held on August 22, 2022:
 

Tender Result
*********************************************************************
Tender Date : August 22, 2022
Bills available for Tender : Three-month RMB Bills
Issuer : The People’s Bank of China
Issue Number : BCHKFP22019
Issue Date : August 24, 2022
Maturity Date : November 23, 2022 (or the closest coupon payment date)
Application Amount : RMB 40,755 million
Issue Amount : RMB 10,000 million
Average accepted Coupon Rate : 1.80%
Highest accepted Coupon Rate
(Bills’ Coupon)
: 1.90%
Lowest accepted Coupon Rate : 1.43%
Allocation Ratio : Approximately 80.21%
 
Tender Result
*********************************************************************
Tender Date : August 22, 2022
Bills available for Tender : One-year RMB Bills
Issuer : The People’s Bank of China
Issue Number : BCHKFP22020
Issue Date : August 24, 2022
Maturity Date : August 24, 2023 (or the closest coupon payment date)
Application Amount : RMB 34,136 million
Issue Amount : RMB 15,000 million
Average accepted Coupon Rate : 2.15%
Highest accepted Coupon Rate
(Bills’ Coupon)
: 2.30%
Lowest accepted Coupon Rate : 1.68%
Allocation Ratio : Approximately 46.12%
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Auction of traditional vehicle registration marks to be held on September 3

     The Transport Department (TD) today (August 22) announced that the auction of traditional vehicle registration marks will be held on September 3 (Saturday) in Meeting Room N101, L1, New Wing, Hong Kong Convention and Exhibition Centre, Wan Chai.

     “A total of 300 vehicle registration marks will be put up for public auction. The list of marks has been uploaded to the department’s website, www.td.gov.hk,” a department spokesman said.
           
     Applicants who have paid a deposit of $1,000 to reserve a mark for auction should also participate in the bidding (including the first bid at the reserve price of $1,000). Otherwise, the mark concerned may be sold to another bidder at the reserve price.

     People who wish to participate in the bidding at the auction should take note of the following important points:

(1) Successful bidders are required to produce the following documents for completion of registration and payment procedures immediately after the successful bidding:
(i) the identity document of the successful bidder;
(ii) the identity document of the purchaser if it is different from the successful bidder;
(iii) a copy of the Certificate of Incorporation if the purchaser is a body corporate; and
(iv) a crossed cheque made payable to “The Government of the Hong Kong Special Administrative Region” or “The Government of the HKSAR”. (For an auctioned mark paid for by cheque, the first three working days after the date of auction will be required for cheque clearance confirmation before processing of the application for mark assignment can be completed.) Successful bidders can also pay through the Easy Pay System (EPS). Payment by post-dated cheques, cash or other methods will not be accepted.

(2) Purchasers must make payment of the purchase price through EPS or by crossed cheque and complete the Memorandum of Sale of Registration Mark immediately after the bidding. Subsequent alteration of the particulars in the memorandum will not be permitted.

(3) A vehicle registration mark can only be assigned to a motor vehicle which is registered in the name of the purchaser. The Certificate of Incorporation must be produced immediately by the purchaser if a vehicle registration mark purchased is to be registered under the name of a body corporate.

(4) Special registration marks are non-transferable. Where the ownership of a motor vehicle with a special registration mark is transferred, the allocation of the special registration mark shall be cancelled.

(5) The purchaser shall, within 12 months after the date of auction, apply to the Commissioner for Transport for the registration mark to be assigned to a motor vehicle registered in the name of the purchaser. If the purchaser fails to assign the registration mark within 12 months, allocation of the mark will be cancelled and arranged for re-allocation in accordance with the statutory provision without prior notice to the purchaser.

(6) In view of public health concerns, all persons entering the auction venue will have to undergo on-the‑spot body temperature checks arranged by the TD. Any member of the public whose body temperature is higher than 37.5 degrees Celsius or who refuses to undergo a body temperature check will be denied entry to the auction hall and the payment office. The TD also requests all persons entering the auction hall and the payment office to wear masks and clean their hands with alcohol-based sanitiser, and to wear masks throughout the duration of the auction and payment process.

(7) In order to reduce the risk of the virus spreading, the TD will adjust the distance between seats and the number of seats in the auction hall and the payment office, and implement crowd-control measures. The auction venue will be disinfected before the commencement of the morning and afternoon sessions. The TD also appeals to the bidders to reduce the number of accompanying persons as far as possible.

(8) To align with the Government’s arrangement on the strict enforcement of the use of the “LeaveHomeSafe” mobile application when entering government buildings or offices, except for exempted persons, members of the public are required to use the app to scan the venue QR code before they are allowed to enter the auction venue (including the auction hall and the payment office). Persons who are aged below 12 or aged 65 or above, and those with disabilities that render use of the “LeaveHomeSafe” app difficult, will be exempted from the requirement of using the app when they enter the auction venue. However, they are required to complete a record form to register their names, the first four digits or letters of their identification documents, their contact numbers and the date and time of their visits. They are also required to present relevant identification documents for verification at the request of the TD staff during registration. TD staff will also verify the contact numbers by making phone calls. As a result of the arrangement, members of the public are advised to remain patient as the waiting time for entering the auction venue may be lengthened. Unwillingness to use the app will not be considered as justification for granting exemption.

     For other auction details, please refer to the Guidance Notes – Auction of Vehicle Registration Marks, which can be downloaded from the department’s website, www.td.gov.hk. read more

Two property owners fined over $10,000 in total for failing to comply with Fire Safety Improvement Directions

     Two property owners were convicted and each fined $5,295 at the Kwun Tong Magistrates’ Courts early this month for failing to comply with fire safety improvement directions issued under the Fire Safety (Commercial Premises) Ordinance (FS(CP)O) (Cap. 502).

     The Buildings Department (BD) issued fire safety improvement directions under section 5(1A) of the FS(CP)O to the property owners of two premises in a 40-year-old specified commercial building at Ma Tau Wai Road, Kowloon City, requiring them to comply with certain fire safety construction requirements, which include providing fire-rated doors at the unit entrances and fire-rated walls separating the units from the common corridor.

     Failing to comply with the statutory directions, the property owners were prosecuted by the BD and were convicted and fined by the court on August 4.

     “According to the FS(CP)O, failing to comply with a statutory direction issued under the ordinance without reasonable excuse is a serious offence. The BD may instigate prosecution proceedings against the owner of the specified commercial building under the ordinance”, a spokesman for the BD said today (August 22).

     Pursuant to section 5(7)(b) of the FS(CP)O, any person who, without reasonable excuse, fails to comply with a statutory direction, commits an offence and is liable on conviction to a fine at level 4 ($25,000 at present) and to a further fine of $2,500 for each day of non-compliance. Upon conviction, an application may also be made to a court for a Fire Safety Improvement Compliance Order against the owner under section 6(1) of the FS(CP)O directing the owner to comply with the requirements of the direction. read more