Tag Archives: China

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Government responds to Cathay Group’s plan to buy back all remaining preference shares

     â€‹Regarding Cathay Pacific Airways Limited (Cathay Group)’s announcement today (July 5) that it plans to buy back the remaining 50 per cent of its preference shares from the Government on July 31 this year at a cost of $9.75 billion, a Government spokesman said:

     In June 2020, the Hong Kong Special Administrative Region (HKSAR) Government invested $27.3 billion in Cathay Group through the Land Fund, comprising preference shares with detachable warrant of $19.5 billion and a bridging loan of $7.8 billion, with a view to safeguarding Hong Kong’s position as an international aviation hub in the face of the unexpected impact of the COVID-19 pandemic. Pursuant to the relevant investment agreement, in July 2020, the Government designated Fellow Certified Public Accountant Mr Carlson Tong and Senior Counsel Mr Rimsky Yuen as the observers of Cathay Group’s Board of Directors, until the Cathay Group repays the Government in full the drawn bridge loan and interest and redeems all preference shares from the Government.

     The HKSAR Government is pleased to note Cathay Group’s decision to buy back all of its remaining preference shares and would like to express its gratitude to the two observers designated by the Government to sit on Cathay Group’s Board of Directors, Mr Carlson Tong and Mr Rimsky Yuen, for their valuable contributions over the past few years.

     Major air service providers based in Hong Kong are an important component of Hong Kong’s status as an international aviation hub. The HKSAR Government’s investment in the airline played an important role at a critical time, and the airline’s operational and financial situation have improved with the full resumption of normal travel between Hong Kong and other places. We expect the airline to fully restore its capacity to the pre-pandemic level at full speed, actively expand its passenger and cargo flight network, and continuously enhance its service quality, so as to further support the reinforcement and enhancement of Hong Kong’s status as an international aviation hub.

     Hong Kong International Airport (HKIA) recorded significant growth in air traffic last year with the full resumption of travel, and demand for flights to and from Hong Kong from all over the world continued to rise. Between April 2023 and March this year, passenger traffic at HKIA rose by more than 260 per cent to 45.2 million, while the number of flight movements rose by more than 90 per cent to 310 000. In the first five months of this year, over 18 million visitors travelled to Hong Kong. Both passenger traffic and flight movements during the peak travel season have returned to 80 per cent of the pre-pandemic levels, and are expected to fully recover by the end of this year. On the cargo side, benefiting from the strong demand for e-commerce, the airport handled 4.5 million tonnes of cargo last year, and HKIA has been the world’s busiest cargo airport for 13 out of the past 14 years.

     Looking ahead, the HKSAR Government will continue to enhance our strengths as an international aviation hub and strengthen communication with local airlines, with a view to planning our route network in such a way that it fully meets the needs of Hong Kong’s overall economic and social development. In particular, Cathay Group has increased the number of flights between Hong Kong and Xi’an and Qingdao since the end of March this year, in response to the country’s further opening up of the Individual Visit Scheme to cover the two cities. Direct passenger flights to Riyadh, the capital of Saudi Arabia, will also be launched in October this year, to further strengthen Hong Kong’s ties with Belt and Road countries.

     To better complement our country’s development of the “Air Silk Road” and leverage the opportunities brought about by the Three-Runway System, the HKSAR Government will continue to strengthen aviation services on existing major routes and routes along the Belt and Road with potential, including destinations in Europe, Africa, South America and Asia. The Airport Authority of Hong Kong will also continue to support and encourage airlines to launch and increase flights to and from Hong Kong, as well as work with relevant parties to step up publicity efforts so as to boost the demand for travel to Hong Kong for leisure and business purposes. read more

CE commends teachers for teaching excellence (with photos)

The following is issued on behalf of the Chief Executive’s Award for Teaching Excellence Steering Committee:

     The Chief Executive, Mr John Lee, today (July 5) officiated, and presented the Award for Teaching Excellence to 10 teachers, at the Award Presentation Ceremony of the Chief Executive’s Award for Teaching Excellence (CEATE) (2023/2024), while nine teachers received the Certificate of Merit from the Secretary for Education, Dr Choi Yuk-lin.

     The Chairman of the CEATE Steering Committee, Dr Gordon Tsui, commended the outstanding performance of the awarded teachers, who not only catered to the learning characteristics of the students and helped them set clear learning goals, but also used diversified and innovative learning and teaching strategies to effectively support students in connecting knowledge to daily life and stimulate their learning interest. With this year marking the 20th anniversary of the Award Presentation Ceremony of CEATE, Dr Tsui encouraged all the awarded teachers to continue to innovate, work together to develop quality education for Hong Kong, and strive to nurture outstanding talent for the motherland and Hong Kong.

     There were 102 nominations received from secondary schools, primary schools, kindergartens and special schools for the CEATE (2023/2024), covering themes of “English Language Education Key Learning Area (KLA)”, “Personal, Social and Humanities Education KLA” and “Kindergarten Education”. Assessment of nominations focused on teachers’ performance in the four domains of “Professional Competence”, “Student Development”, “Professionalism and Commitment to the Community”, and “School Development”. After assessment, six nominations (comprising 10 teachers) were presented with the Award for Teaching Excellence while four nominations (comprising nine teachers) were presented with the Certificate of Merit. Please visit the CEATE website (www.ate.gov.hk) for the list of the awarded teachers.
           
     Other officiating guests at today’s ceremony included the Permanent Secretary for Education, Ms Michelle Li; the Chairman of the Committee on Professional Development of Teachers and Principals as well as the High-level Advisory Panel (2023/2024), Professor Alvin Leung; the Chairman of the Education Commission, Dr David Wong; the Chairman of the Curriculum Development Council, Professor Isabella Poon; the Chairman of the Hong Kong Examinations and Assessment Authority, Mr Samuel Yung; and the Chairman of the CEATE Assessment Working Group (2023/2024), Professor Lo Ming-tung.
           
     Sharing activities involving the CEATE-awarded teachers are being rolled out gradually to disseminate excellent teaching practices. Details will be announced on the CEATE website and the EDB Training Calendar. 
           
     The themes of the CEATE (2024/2025) cover “Chinese Language Education KLA”, “Mathematics Education KLA” and “Values Education”, while the “Award for Budding Teachers” and the “Award for Education Innovation” will be newly introduced. Nominations will be accepted from July 8 to October 4. Related details will be uploaded to the CEATE website on July 8.

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Film Archive’s “Morning Matinee” series to showcase classic films by producer Wong Cheuk-hon (with photos)

     The Hong Kong Film Archive (HKFA) of the Leisure and Cultural Services Department will present “Cinematic Dreams of Wong Cheuk-hon” in its screening series “Morning Matinee” from August to October, featuring 16 film classics produced and distributed by the film companies founded by producer Wong Cheuk-hon.
 
     Wong was a renowned film distributor and producer. He actively promoted the development of the film industry and made significant contributions from the 1950s to the 1990s. His film career spanned four decades, during which he established the Liberty Film Company, the Lan Kwong Film Company and the First Film Organisation Limited. He also worked behind the scenes as a director, screenwriter, promoter and film editor. In the 1970s and 1980s, Wong operated movie theatres in North America to show Chinese-language films, enabling more overseas audiences to learn about such films. In recognition of Wong’s achievements, he was presented the Lifetime Achievement Award at the 30th Golden Horse Awards in 1993.
 
     This screening programme shows different aspects of Wong’s film career in six sections. Founded in the 1950s, the Lan Kwong Film Company produced many modern Cantonese comedies that touched on all walks of life. The first section, “Lan Kwong Comedies”, brings together four classic films, namely “Two Lucky Fools” (1959), in which Leung Sing-por, Sun Ma Si-tsang and Ko Lo Chuen play, respectively, two superstitious rickshaw drivers and a money-grubbing fortune teller with brilliantly witty dialogues; comedies “Woman’s Affairs” (1961) and “Three Love Affairs” (1963), in which Ting Ying, the most popular actress of Lan Kwong, plays a factory worker; and “The Diary of a Husband ” (1964), adapted from a popular radio drama. The films are filled with numerous classic cinematic moments that captured the changes of the times.
 
     The second section, “The Joys and Sorrows of Ting Ying”, presents four films of different styles. Ting Ying is a versatile actress capable of playing both comedic and tragic roles. The four selected films in which Ting Ying acts are comedy “Happy Couples” (1962), which revolves around couples whose lack of trust leads to humorous situations; melodrama “As Time Goes By” (1964), co-starring Helena Law as Ting’s faithful friend; “Homeless Children”(1964), a realistic portrayal of out-of-school street children; and the love triangle film “Deep in My Heart” (1967), featuring major Hong Kong and Korean film stars.
 
     Wong was also an industry trendsetter, pioneering collaborations with the Korean film industry. The two selected films in the third section, “Pioneering Collaborations”, are action film “The International Secret Agents” (1967), in which Korean actor Park No-sik came to Hong Kong for the production; and “The Flaming Mountain” (aka The Blazing Volcano) (1962), which stars Ting and Tsui Siu-ming as Princess Iron Fan and Red Kid alongside Korean top stars Kim Hee-gab and Choi Moo-ryong as the Monkey King and his master.
 
     Having an eye for talent, Wong organised acting courses to nurture newcomers and was keen to cast various up-and-coming actors such as Jeanette Lin Tsui, Ting Ying and Alan Tang. The fourth section, “Discovering New Stars”, focuses on three films featuring rising stars of the 1950s and 1960s. The films are “Sweet Seventeen” (1954), Lin’s debut film in a leading role; the musical “Remote Love” (1956), with Ting and Lin in leading roles; and “The Student Prince” (1964), where Alan Tang made his acting debut at the age of 17.
 
     The fifth section, “Selections from First Films”, features a film classic produced by First Film Organisation Limited, “Ghost of the Mirror” (1974). Brigitte Lin, in her early career, plays the title spectre of the film that had previously ended her life by plunging into a well to escape war. Based on a Tang-dynasty work, the film tells a love story between Lin and a scholar in a remote mansion.
 
     The sixth section, “Distribution Classics”, features two notable films distributed by the Lan Kwong Film Company. “A Mother Remembers” (1953) stars Hung Sin Nui as a widowed mother and Cheung Ying as both her deceased husband and the delinquent eldest son. “Save Your Water Supply” (1954) is a realistic and heartwarming film with Patrick Tse’s debut performance.
 
     “Sweet Seventeen”, “Remote Love”, “The International Secret Agents” and “Ghost of the Mirror ” are in Mandarin, while the others are in Cantonese.
 
     Some of the films will be accompanied by post-screening talks hosted by Tsui Siu-ming, Sam Ho, Shu Kei, Ng Chun-hung, Yuen Tsz-ying, and Eric Tsang, among others.
 
     Tickets priced at $35 will be available at URBTIX (www.urbtix.hk) from July 12. For telephone bookings, please call 3166 1288. Some of the films screened in this programme are in 2K digital format. For programme details, please visit the HKFA website (www.filmarchive.gov.hk/en/web/hkfa/2024/wch/pe-event-2024-wch.html) or call 2739 2139.
 

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Update on dengue fever

     The Centre for Health Protection (CHP) of the Department of Health today (July 5) reported the latest number of dengue fever (DF) cases, and urged the public to maintain strict environmental hygiene, mosquito control and p… read more