Tag Archives: China

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SFST attends Lujiazui Forum in Shanghai (with photos)

     The Secretary for Financial Services and the Treasury, Mr James Lau, attended the 10th Lujiazui Forum 2018 in Shanghai today (June 14).

     Mr Lau first attended the opening ceremony in the morning, then took part in a plenary session on “Opportunities and Challenges in Fintech, Inclusive Finance and Green Finance”, where he spoke on Hong Kong’s strengths and opportunities.

     He said that given Hong Kong’s status as a leading international financial centre with a developed financial sector, sound rule of law and robust regulatory regime, together with its unique position connecting the Mainland with the rest of the world, Hong Kong has every advantage to develop FinTech.

     He said he was pleased to see that many world-renowned financial and tertiary institutions and research centres had chosen to set up laboratories, incubators and accelerators in Hong Kong in recent years.

     In addition, some Mainland technology giants are keen to leverage on Hong Kong’s ecology to support and finance the development of FinTech startups and set up research laboratories and training institutes to groom talents. He also noted that given the concerted efforts by the Government and regulators, Hong Kong has seen a bloom in FinTech developments.

     He added that Hong Kong would tap the opportunities of the Guangdong-Hong Kong-Macao Bay Area development and collaborate with the cities there to advance the development and application of FinTech.

     The theme of this year’s forum is “Shanghai’s Development towards an International Financial Center in the New Era”. It is jointly organised by the Shanghai Municipal People’s Government, the People’s Bank of China, the China Banking & Insurance Regulatory Commission and the China Securities Regulatory Commission, providing a high-level global platform for influential government officials, regulators, financial leaders and scholars to discuss major financial issues and foster international financial co-operation.

     On the margins of the forum, Mr Lau met with the Director-General of the Shanghai Municipal Government Financial Services Office, Mr Zheng Yang. Mr Lau said that Hong Kong and Shanghai are both important international financial centres of China, and enhancing financial co-operation between the two sides would be conducive to the further opening up of the financial services sector in the Mainland.

     Mr Lau will visit the Shanghai Stock Exchange and Alipay’s Shanghai branch tomorrow (June 15) and meet with the senior management team of Fosun International Limited before returning to Hong Kong in the afternoon.

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Film Archive’s “The Writer/Director in Focus IV” to showcase Li Pingqian’s diverse works

     The Hong Kong Film Archive (HKFA) of the Leisure and Cultural Services Department will present the latest edition of “The Writer/Director in Focus” series by focusing on director Li Pingqian, a master of Mandarin films, from July 14 to September 30. Guest-curated by film researcher Lau Yam, the programme will screen a selection of 18 films by Li at the HKFA Cinema. Some will be shown at the HKFA for the first time, namely “Bible for Girls” (1934), “The Young Mistress’ Fan” (1939), “The Imperial Maid Fei Zhen’e” (1939), “Mother and Son” (1947), “A Strange Woman” (1950), “Girl on the Front Page” (1960) and “The Seaman and the Dancing Girl” (1961).
 
     Li’s career ranged from black and white silent films to coloured sound films and from the pre-war and post-war periods to Shanghai and Hong Kong. With nearly 100 films as director and around 25 films as writer, Li’s works are as diverse in theme and genre as he himself was versatile – a true virtuoso of the cinema.
      
     Born to a traditional family of scholars in the early 20th century and experiencing the May Fourth Movement in person, Li was brought up in a blend of traditional and modern cultures. His movies about family dramas uphold traditional values, while some of his works express a progressive way of thinking. An adaptation of Oscar Wilde’s “Lady Windermere’s Fan”, “The Young Mistress’ Fan” is Li’s earliest extant feature film in a modern setting, which portrays indirect motherly love and strong yet subdued emotions, showcasing Li’s style of undramatic storytelling. In “Mother and Son”, Li skillfully interweaves the disputes between two generations with the country’s condition into the plot. “Our Husband” (1949) is Li’s first directorial work in Hong Kong, which he adapted from the Hollywood movie “The Great Lie” (1941). The film features a wife who looks after another woman – a social butterfly who is pregnant with her errant husband’s child – so as to continue her husband’s bloodline. “Parents’ Love” (1953) tells of a poor family whose members secretly take part-time jobs to supplement the family income. Rather than being overwrought with sentimentality about sweat and toil, the film realistically depicts the spirit of sacrifice in familial love. “It So Happens to a Woman” (1955) explores the issue of career development among married women through a university graduate played by Hung Sin Nui.
 
   Li’s romantic works are entertaining, sometimes containing tragic elements but never excessively. “Three Charming Smiles” (1964) is a classic Chinese folk tale in which Li interestingly tackles all the clichés from a modern perspective, injecting elements of contemporary romantic comedies into the plot. Based on the Shaoxing opera classic, “The Princess Falls in Love” (1962) retains the unique traditions of the art of Shaoxing opera, and together with Li’s mise-en-scène and cinematography, the film is refreshingly operatic. Li works with scriptwriter Jin Yong in “The Three Loves” (1956), seamlessly integrating three short stories and portraying a sexual fantasy rarely seen in Hong Kong cinema. “The Green Swan Nightclub” (1958), a hybrid of romance, humour and suspense, features a daughter sneaking into a nightclub to investigate the murder of her father, through which she falls in love with one of the suspects. 
 
     Heroines serving the country are a classic Chinese cultural symbol, but their patriotism is portrayed from an unusual variety of perspectives in Li’s works. “The Imperial Maid Fei Zhen’e” features Nancy Chan as Fei Zhen’e, who bravely assassinates a traitor for her country. In “A Strange Woman”, Bai Guang intends to help her lover, a revolutionary, to escape from warlords but she then falls into a lust-filled relationship with the head of the secret service. Centred on the ageless tale of the “Theft of Tiger Tally to Save the State of Zhao”, “The Peerless Beauty” (1953) follows the patriotic concubine Yu, played by Hsia Moon, who sacrifices herself for the country – a new angle compared with the traditional male perspectives on the same story. The classic women’s film, “Bible for Girls”, is a collaboration between Li and another eight directors, and highlights the respective experiences and desires of a group of women at a secondary schoolmate reunion organised by Butterfly Wu.
 
     Li once worked at the Shenzhou Film Company founded by Wang Xuchang, after which his later works maintained the “Shenzhou” characteristics of mixing education and entertainment. “Awful Truth” (1950) depicts all walks of life in the post-war society and the use of foul means to scramble for money, mocking the twisted society of the time. Fu Che in “Tales of the City” (1954) is initially unemployed but later becomes a lottery winner, and the film portrays the ugliness of humans through his ensuing experience. “Laugh, Clown, Laugh” (1960) features Bao Fong, who is laid off and turns to making a living by performing comedy, but as it shames his family he keeps it a secret. Following an unfolding news story, “Girl on the Front Page” recounts the sad life and psychological journey of a young girl, from being charmed to committing a crime, with Li again exposing the dark side of humanity. Li conveys his understanding of society in his vivid portrayal of characters in “The Seaman and the Dancing Girl”, telling the story of a daughter who becomes a taxi dancer to feed her family. Director Cheng Bugao’s classic silent film “Spring Silkworms” (1933) which is adapted from the original by Mao Dun, will also be shown for reference.
 
     In addition, three seminars entitled “Subtle Smile Towards the World – Hong Kong Odyssey of a Great Director” (July 14); “Deception by Him and Her – Sex and Otherwise in Li Pingqian’s movies” (August 18) and “Between Red and Grey – Individuals and Society in Li Pingqian’s Cinematic World” (September 22) will be held at the HKFA Cinema at 4.30pm with Law Kar, Lau Yam, Dr Yau Ching and Dr Lo Wai-luk as speakers. In addition to the seminars, a number of screenings will also be followed by post-screening talks, all conducted in Cantonese with free admission.
 
     “Our Husband”, “Parents’ Love”, “It So Happens to a Woman” and “The Three Loves” are in Cantonese and “The Princess Falls in Love” is in Shanghainese, while the other films are in Mandarin. “Three Charming Smiles” has Chinese and English subtitles; “The Princess Falls in Love” has Chinese subtitles; part of “The Peerless Beauty” has English titles,”Spring Silkworms” has Chinese and English inter-titles and the other films are without subtitles.
 
     Tickets priced at $45 are now available at URBTIX (www.urbtix.hk). For credit card telephone bookings, please call 2111 5999. For programme enquiries, please call 2739 2139 or visit www.lcsd.gov.hk/CE/CulturalService/HKFA/en_US/web/hkfa/programmesandexhibitions/2018lpq/index.html.

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SCED visits Eastern District

     The Secretary for Commerce and Economic Development, Mr Edward Yau, visited Eastern District today (June 14) to get a better grasp of the district’s latest developments. He also met with members of the Eastern District Council (EDC) and toured the Hong Kong Film Archive, a self-service library station and a social service organisation.

     Mr Yau first met with EDC members to exchange views on developments and issues of concern in the district, including matters relating to tourism, creative industries, telecommunications and postal services.

     Mr Yau then visited the Hong Kong Film Archive and toured an exhibition and facilities at the Resource Centre. Mr Yau was briefed by the Head of the Hong Kong Film Archive on the work of its Conservation Unit. He said he was pleased to note that the Archive has restored dozens of films and made significant contributions to the safekeeping and restoration of film-related materials.

     Mr Yau said the Hong Kong Film Archive has maintained a large collection of precious materials of the Hong Kong film industry to showcase the industry’s amazing achievements. The film industry is among the eight major creative industries in Hong Kong. The Government will continue to promote the long-term development of the local film industry through the Film Development Fund and relevant measures.

     Mr Yau then proceeded to visit the self-service library station located at the Island East Sports Centre Sitting-out Area. The facility is the city’s first self-service library station and was launched in December last year to provide round-the-clock library services such as borrowing and return of library materials.

     Before concluding his visit, Mr Yau visited the headquarters of Youth Outreach in Sai Wan Ho. He took the opportunity to talk to young people there to learn more about their daily lives. The organisation is dedicated to providing crisis intervention services for marginalised youth. It also provides overnight outreach, employment and social enterprise services. read more

Company fined for operating unlicensed guesthouse

     A company was fined $12,000 at the Kowloon City Magistrates’ Courts today (June 14) for contravening the Hotel and Guesthouse Accommodation Ordinance.
           
     The courts heard that in August 2016, officers of the Office of the Licensing Authority (OLA), Home Affairs Department, inspected a suspected unlicensed guesthouse in Pat Heung in Yuen Long. The OLA officers posed as lodgers and successfully rented a room in the guesthouse on a daily basis.
           
     According to the OLA’s records, the guesthouse did not possess a licence under the Ordinance on the day of inspection. The company responsible for operating the premises was charged with contravening section 5(1) of the Ordinance.
           
     A department spokesman stressed that operating or managing an unlicensed guesthouse is a criminal offence and will lead to a criminal record. Upon conviction, the offender is liable to a maximum fine of $200,000 and two years’ imprisonment.
           
     The spokesman appealed to anyone with information about suspected unlicensed guesthouses to report it to the OLA through the hotline (Tel: 2881 7498), by email (hadlaenq@had.gov.hk), by fax (2504 5805) using the report form downloaded from the OLA website (www.hadla.gov.hk), or through the mobile application “Hong Kong Licensed Hotels and Guesthouses”. read more