Tag Archives: China

image_pdfimage_print

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 23, 2024
Paper on offer : EF Bills
Issue number : Q2404
Issue date : January 24, 2024
Maturity date : April 24, 2024
Amount applied : HK$185,647 MN
Amount allotted : HK$58,011 MN
Average yield accepted : 4.27 PCT
Highest yield accepted : 4.29 PCT
Pro rata ratio* : About 74 PCT
Average tender yield : 4.40 PCT
****************************
Tender date : January 23, 2024
Paper on offer : EF Bills
Issue number : H2433
Issue date : January 24, 2024
Maturity date : July 24, 2024
Amount applied : HK$41,583 MN
Amount allotted : HK$12,600 MN
Average yield accepted : 4.08 PCT
Highest yield accepted : 4.11 PCT
Pro rata ratio* : About 88 PCT
Average tender yield : 4.18 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.
 
———————————————————
     Hong Kong Monetary Authority tenders to be held in the week beginning January 29, 2024:
 
Tender date : January 30, 2024
Paper on offer : EF Bills
Issue number : Q2405
Issue date : January 31, 2024
Maturity date : May 2, 2024
Tenor : 92 Days
Amount on offer : HK$58,017 MN
****************************
Tender date : January 30, 2024
Paper on offer : EF Bills
Issue number : H2434
Issue date : January 31, 2024
Maturity date : July 31, 2024
Tenor : 182 Days
Amount on offer : HK$15,000 MN
read more

Appointment of Executive Director to Insurance Authority

     The Government announced today (January 23) that the Financial Secretary, in exercise of the authority under the Insurance Ordinance (Cap. 41) (IO) delegated to him by the Chief Executive, has appointed Mr Clement Lau Chung-kin as the Executive Director (Policy and Legislation) of the Insurance Authority (IA) for a term of three years from January 25, 2024, to January 24, 2027.
 
     A spokesman for the Financial Services and the Treasury Bureau said, “Mr Lau has years of experience in public administration and is well versed with financial regulation work. We are confident that he will contribute towards the effective performance of the IA’s statutory functions of regulating the insurance industry for promoting general stability of the industry and protecting policy holders.”
 
     The IA is an independent insurance regulator established under the IO in December 2015. It took over the responsibility of supervising insurance companies from the former Office of the Commissioner of Insurance in June 2017 and assumed direct regulation of insurance intermediaries in September 2019. read more

Flower Show’s flower replanting scheme invites applications

     Schools, environmental groups and non-governmental organisations are invited to apply for this year’s “Give the Flowers a New Home!” Jockey Club Flower Replanting Scheme of the Hong Kong Flower Show by February 19. The application form can be downloaded from the flower show webpage at www.hkflowershow.hk/en/hkfs/2024/flower.html.
 
     After each year’s flower show, showground flowers suitable for replanting are sent to Leisure and Cultural Services Department (LCSD) parks for replanting. To encourage replanting in the community and raise environmental awareness among the public, the flower replanting scheme has been running since 2014.
 
     For enquiries, please call 2601 8260.
 
     Organised by the LCSD, this year’s flower show will be held from March 15 to 24 at Victoria Park, featuring the colourful angelonia as the theme flower, with “Floral Joy Around Town” as the theme of the show. The Hong Kong Jockey Club Charities Trust is supporting the flower show for the 12th consecutive year and has been its major sponsor since 2014. read more

CSB to participate in Education & Careers Expo 2024 to encourage young people to join civil service

     The Civil Service Bureau (CSB) will participate in the Education & Careers Expo 2024 at the Hong Kong Convention and Exhibition Centre in Wan Chai from January 25 (Thursday) for four consecutive days to publicise the work of the civil service and related information, including entry requirements, pay and fringe benefits as well as training opportunities. Persons with aspirations to join the civil service and serve the community are welcome to visit.
 
     This year, the CSB will for the first time hold 19 sharing sessions under the Careers in the Government Talk Series in its booth (1D – A02 in Hall 1D), where serving civil servants from different bureaux and departments will introduce information of individual grades, job application and interview skills and career prospects, and share with visitors the stories from their day-to-day work. A question-and-answer session will be available for every talk. Persons who are interested in learning more about the related grades or applying for the jobs are welcome to attend. Details of the sharing sessions are set out in the Annex.
 
     The CSB will distribute stamp cards to visitors. After attempting sample Basic Law and National Security Law Test questions at the game kiosk in the CSB’s booth or attending any of the above sharing sessions, visitors can get a stamp to redeem a souvenir. They can also collect stamps by completing tasks at the other 16 government departments’ booths at the expo, and redeem a souvenir with designated numbers of stamps at the CSB’s booth while stock lasts.
 
     In addition, the Department of Justice, the Government Flying Service and the Civil Aviation Department will hold three thematic seminars on employment information of their departmental grades on January 26 (Friday) and January 28 (Sunday) at the Careers Forum in Hall 1D. Persons who are interested in knowing more about or applying for the posts can refer to the Annex for details.
 
     The Education & Careers Expo 2024 will be held at Hall 1D&E of the Hong Kong Convention and Exhibition Centre and will be open from 10am to 7pm from January 25 to 27, and from 10am to 6pm on January 28. Admission is free. For information on matters related to civil service recruitment, please visit the website of the CSB: www.csb.gov.hk/tc_chi/recruit/7.html.
 
     For further details of the Education & Careers Expo 2024, please visit its designated website: www.hktdc.com/hkeducationexpo. read more

Transcript of remarks by CE at media session before ExCo (with video)

     Following is the transcript of remarks by the Chief Executive, Mr John Lee, at a media session before the Executive Council meeting today (January 23):
 
Reporter: Good morning, Mr Lee. From next Monday, the Mainland Judgments in Civil and Commercial Matters (Reciprocal Enforcement) Ordinance goes into effect, meaning there can be reciprocal recognition and enforcement of civil rulings by courts in Hong Kong and on the Mainland. Nikkei reports that investors are concerned about the city’s common law system and what will happen to their holdings. With the Hang Seng (Index) slumping to handover-era levels, can you reassure investors? Second, last week you told the media to tell a good Hong Kong story. Yet city authorities have repeatedly rejected media efforts to tell positive stories about the Government. Last year, Fire Services rejected our request to write a feature story about their vehicles; the Police rejected a pitch about the canine unit; the Lands Department refused to let us meet a government cartographer; the government lab and flying services rejected story ideas; the Drainage Services Department won’t let us tour a sewage plant. In fact, a dozen government departments rejected a dozen stories we tried to tell last year. Why is this and will you instruct your government departments to say yes to media requests?
 
Chief Executive: First of all, about the arrangement of implementing judgments of courts of the Mainland jurisdiction in Hong Kong, there is a legal process for it to happen. Any judgment from courts in the Mainland will, first of all, has to be registered with the court (in Hong Kong). Relevant parties who have opinions or any objection can also make their grounds known to court. The court will deal with such applications according to legal principles. That means for all these judgments that a particular party wants to have effect in Hong Kong, there will be a legal process for it to be completed and also cleared before it can happen. So the relevant party’s rights, and also, his opinions and grounds for objection, will be heard by court according to legal principle to ensure that they operate within all the legal confines and there will be a fair process for all the opinions and reasons to be heard. So that is the rule of law and that is justice ensured in the whole process.
 
     In regard to media requests for interviews of government departments, government departments every day receive a lot of requests from different media, and a lot of requests have been granted. And a lot of interviews have been done. As you can see in a lot of newspapers and TV interviews, as well as in other online forums. So for any media organisation to apply for this request, yes they have to first of all, indicate what they want to do, so as to ensure that the relevant departments, in according priorities to all these long queues of requests, can make right decision. Of course, I will encourage my departments to make as many interviews as possible, but equally, they have to do this at the same time of doing a lot of other functions and services for society. So the right balance has to be struck.
 
(Please also refer to the Chinese portion of the transcript.) read more