Tag Archives: China

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Territory-wide flag day today

     InspiringHK Sports Foundation Limited has been issued a Public Subscription Permit to hold a territory-wide flag sale from 7am to 12.30pm today (February 17), a spokesman for the Social Welfare Department (SWD) said. 

     Details of the charitable fund-raising activities, including any updated information, covered by the issued Public Subscription Permits have been published on the GovHK website (www.gov.hk/en/theme/fundraising/search). Permits for flag days containing information on contact methods of the flag-selling organisations and the approved flag-selling activities have also been uploaded to the SWD’s website (www.swd.gov.hk/en/ngo/controlofc/flagdays) for reference. For enquiries, please call the SWD’s hotline at 2343 2255, or the designated hotline of the 1823 Call Centre at 3142 2678.

     In the case of suspected fraudulent flag day activities, people should not make any donation and should immediately report the matter to the Police, the spokesman added. read more

Government appoints directors to HKEX Board

     The Government announced today (February 16) that the Financial Secretary has appointed Mr Chan Kin-por and Mr Peter Yan King-shun as members of the Board of Directors of the Hong Kong Exchanges and Clearing Limited (HKEX) in place of Mrs Laura Cha May-lung and Mr Benjamin Hung Pi-cheng; and re-appointed Mrs Susan Chow Woo Mo-fong as a member of the Board of Directors of the HKEX. The terms of the appointments and re-appointment are around two years, from the conclusion of the 2024 Annual General Meeting (AGM) of the HKEX until the conclusion of the 2026 AGM. 

     The Government expressed gratitude to Mrs Cha and Mr Hung for their contributions during their tenure of service.

     The Financial Secretary, Mr Paul Chan, said, “During her chairmanship of the HKEX, with the support of the Government, Mrs Cha has proactively enhanced the HKEX’s fundraising capabilities, including launching new listing regimes for innovative and specialised technology companies as well as special purpose acquisition companies, facilitating overseas companies and “China concept stocks” to list in Hong Kong, deepening and expanding the mutual market access with the Mainland financial markets, improving the trading mechanism for Hong Kong Dollar-Renminbi dual-currency securities products, etc. She has made remarkable accomplishments and achieved outstanding results for the development of Hong Kong’s securities market and as an international financial centre. I would also like to express my sincere appreciation to Mr Hung for his dedicated service and valuable contributions during the last six years.”

     Mr Chan added, “For the three appointees, they are all familiar with the financial market, and are leaders in their respective professional fields. They also have vast experience in public services. I look forward to their collaborative efforts with other Board members to assist the HKEX in developing an increasingly diversified market development strategy, providing enhanced services to corporations on fundraising, accelerating the adoption of more innovative technological applications, and further strengthening its risk management framework. I am confident that the Board of Directors of the HKEX will continue to promote the development of Hong Kong into a more vibrant, upscale, broader and deeper international fundraising platform.”

     The above appointments are made in accordance with section 77 of the Securities and Futures Ordinance. The Board of Directors of the HKEX comprises a maximum of six directors appointed by the Financial Secretary, a maximum of six directors elected by shareholders, and the Chief Executive of the HKEX. The other incumbent directors appointed by the Financial Secretary are Ms Nisa Leung Wing-yu, Mr Carlson Tong Ka-shing and Mr Joseph Yam Chi-kwong. read more