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Author Archives: hksar gov

SWD disburses relief grants to first batch of eligible applicants for Scheme on Relief Grants for Interest Class Instructors Hired by Organisations Subvented by the Social Welfare Department (Phase 4)

     The Social Welfare Department (SWD) said today (January 31) that the SWD had disbursed relief grants to the first batch of eligible applicants for the Scheme on Relief Grants for Interest Class Instructors Hired by Organisations Subvented by the Social Welfare Department (Phase 4) last Friday (January 28) and had informed these applicants of the application results through SMS messages.
 
     The SWD appeals to interest class instructors who have not yet filed their applications to submit the forms to the SWD through the subvented welfare service units concerned as early as possible. The application will be closed on March 31. Application details have been uploaded to the SWD website (www.swd.gov.hk/en/index/site_whatsnew/).
 
     As one of the measures under the fifth round of the Anti-epidemic Fund, Phase 4 of the scheme aims at providing a one-off relief grant of $5,000 for each of the eligible interest class instructors engaged/planned to be engaged by subvented welfare service units of the SWD-subvented organisations for providing training in arts, dancing, handicraft work, sports and more for service users during the first quarter of 2022, where the units’ services have been suspended and the instructors’ income affected owing to the epidemic situation, so as to provide support and help lessen the impact of COVID-19 on them. For those instructors who have submitted applications to the Education Bureau for relief grants for school instructors of learning/interest classes or to the Leisure and Cultural Services Department for relief grants for registered sports coaches, further submission to the SWD is not required. read more

Appointments to Standing Committee on Company Law Reform

     The Financial Secretary has appointed three new members, Ms Fion Ng Siu-mui, Mr Joe Wan Pui-lun and Ms Sabrina Ho Shuk-ying, to the Standing Committee on Company Law Reform (SCCLR). Six incumbent members, namely Mr Paul Chow, Ms Julianne Pearl Doe, Mr Jason Karas, Ms Rachel Lam Yan-kay, SC, Mr Albert Ng and Ms Tiffany Wong, have been re-appointed.

     The appointments and re-appointments are for a term of two years starting from February 1, 2022.

     The Secretary for Financial Services and the Treasury, Mr Christopher Hui, said today (January 31), “With the professional knowledge of its members, the SCCLR has provided valuable advice on the improvement of our company law in furtherance of Hong Kong’s status as an international commercial and financial centre.”

     He added, “We are grateful to the outgoing members, Mr Robert Lee Wai-wang, Mrs Natalia Seng Sze Ka-mee and Ms Cynthia Tang Yuen-shun, for their valuable contributions to the SCCLR over the past six years.”

     The SCCLR was set up in 1984. It advises the Financial Secretary on amendments to the Companies Ordinance and the Companies (Winding Up and Miscellaneous Provisions) Ordinance, as well as amendments to the Securities and Futures Ordinance on matters relating to corporate governance and shareholders’ protection, as and when necessary.
  
     As from February 1, 2022, the membership list of the SCCLR will be as follows:
  
Mr Johnny Mok, SC (Chairman)
Mr Clement Chan Kam-wing 
Mr Paul Chow Koon-ying
Ms Christine Chung Wai-yin
Ms Julianne Pearl Doe
Mr Dennis Ho Chiu-ping
Ms Sabrina Ho Shuk-ying
Mr Jason Karas
Ms Rachel Lam Yan-kay, SC
Professor Low Chee-keong
Ms Gillian Meller
Mr Albert Ng
Ms Fion Ng Siu-mui
Mr Bernie Ting Wai-cheung
Ms Jacqueline Walsh
Mr Joe Wan Pui-lun
Ms Tiffany Wong

Ex-officio Members
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Ms Bonnie Chan Yiting 
Head of Listing
Hong Kong Exchanges and Clearing Limited

Mr Stefan Gannon
Special Adviser to Chief Executive
Hong Kong Monetary Authority

Ms Annabel Lee Tung-mei
Deputy Chief Counsel, Legal Services Division
Securities and Futures Commission

Ms Kitty Tsui Lai-ching
Acting Registrar of Companies

Ms Phyllis McKenna
Official Receiver

Mr Sam Hui Chark-shum
Deputy Secretary for Financial Services and the Treasury (Financial Services)
Financial Services and the Treasury Bureau

Ms Quinnci Wong Hoi-kam
Senior Government Counsel
Department of Justice read more

Exchange Fund Bills tender results

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

     Exchange Fund Bills tender results:
 

Tender date : January 31, 2022
Paper on offer : EF Bills
Issue number : Q2205
Issue date : February 4, 2022
Maturity date : May 4, 2022
Amount applied : HK$117,258 MN
Amount allotted : HK$46,982 MN
Average yield accepted : 0.12 PCT
Highest yield accepted : 0.13 PCT
Pro rata ratio* : About 80 PCT
Average tender yield : 0.15 PCT
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Tender date : January 31, 2022
Paper on offer : EF Bills
Issue number : H2234
Issue date : February 4, 2022
Maturity date : August 3, 2022
Amount applied : HK$31,200 MN
Amount allotted : HK$11,000 MN
Average yield accepted : 0.25 PCT
Highest yield accepted : 0.26 PCT
Pro rata ratio* : About 76 PCT
Average tender yield : 0.27 PCT
 
*”Pro rata ratio” refers to the average percentage of allotment with respect to each tender participant’s tendered amount at the “highest yield accepted” level. read more