Tag Archives: China

     The Secretary for Financial Services and the Treasury, Mr James Lau, attended the Third Annual Meeting of the Asian Infrastructure Investment Bank (AIIB) in Mumbai, India, today (June 25).

     In the morning, Mr Lau joined the Governors’ Seminar at which participants shared their views on how governments can help create an environment conducive to mobilising finance for infrastructure.

     Mr Lau took part in the Governors’ Business Roundtable session in the afternoon. The session explored how the AIIB can better finance Asia’s infrastructure priorities.

     On the margins of the annual meeting, Mr Lau also met with the President of the AIIB, Mr Jin Liqun. He thanked Mr Jin for supporting Hong Kong’s participation in the AIIB and said he looked forward to the AIIB making good use of Hong Kong’s capital markets, asset management professionals and financial and legal experts in areas like bond issuance, project financing and arbitration services.

     Mr Lau also met with the Vice President and Chief Financial Officer of the AIIB, Mr Thierry de Longuemar, and the Vice Chairman of HSBC’s Global Banking, Mr Kevan Watts, respectively to exchange views on Hong Kong’s strengths in infrastructure financing and green finance.

     Tomorrow (June 26), Mr Lau will attend the opening ceremony and the inaugural plenary session of the Asian Infrastructure Forum. He will also meet with the Vice President and Chief Investment Officer of the AIIB, Dr D J Pandian, before concluding his visit in the evening. Mr Lau will be back in Hong Kong in the morning of June 27.

        

     The Chief Secretary for Administration, Mr Matthew Cheung Kin-chung, chaired the second meeting of the Human Resources Planning Commission this afternoon (June 25).           … read more

     Hong Kong Customs took enforcement action to combat the sale of counterfeit jewellery on June 22 at a fair held in the Hong Kong Convention and Exhibition Centre (HKCEC).

     Customs earlier received information alleging the display of counterfeit jewellery for order at a booth at a jewellery fair held at the HKCEC.

     After investigation, Customs officers conducted a test-buy operation on June 22 and successfully ordered 2 000 pieces of suspected counterfeit jewellery as well as seized nine counterfeit jewellery samples at a booth with an estimated market value of about $40,000 in total. A 36-year-old man in charge was arrested.

     The man was convicted of offering to supply goods with false trade description and possession of goods with a forged trademark for the purpose of trade or business, in contravention of the Trade Descriptions Ordinance (TDO), and sentenced to a fine of $2,000 and two months’ imprisonment suspended for 12 months at Kwun Tong Magistrates’ Courts on June 23.

     Under the TDO, any person who sells or possesses for sale any goods with a forged trademark commits an offence. The maximum penalty upon conviction is a fine of $500,000 and imprisonment for five years.

     Members of the public may report any suspected infringing activities to the Customs 24-hour hotline 2545 6182 or dedicated crime-reporting email account (crimereport@customs.gov.hk). read more

     Hong Kong Customs has mounted a special operation at the Hong Kong-Macau Ferry Terminal to step up enforcement action against drug trafficking. The operation started in May and until this morning (June 25), a total of eigh… read more

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

     The Deputy Chief Executive of the Hong Kong Monetary Authority (HKMA), Mr Howard Lee, together with Deputy Director of the Liaison Office of the Central People’s Government in the Hong Kong Special Administrative Region Mr Chen Dong, and the Vice Mayor of the People’s Government of Shenzhen Municipality, Mr Liu Qingsheng, took part in the launching ceremony of the first Shenzhen Fintech Summer Internship Programme (the Programme) designed for students from Hong Kong tertiary education institutions today (June 25) .
 
     The Programme is a joint initiative based on the Memorandum of Understanding signed last year between the HKMA and the Office of Financial Development Service, the People’s Government of Shenzhen Municipality (OFDS) with a view to nurturing talent for fintech. It is also one of the four key programmes of the Fintech Career Accelerator Scheme 2.0 launched by the HKMA. The Programme is organised by the Fin Society, sponsored by the HKMA and supported by the OFDS. It aims at raising the competence of fintect talents in Hong Kong in order to meet the increasing demand from the industry. Under the Programme, 50 students from tertiary educational institutions in Hong Kong will be assigned to eight leading fintech or techfin firms on 6-week internships to experience the fintech ecosystem in Shenzhen.
 
     Mr Lee said, “To build a first-class international fintech centre for Hong Kong and Shenzhen, we must enhance soft power by expanding the fintech talent pool in a sustainable manner in order to invest on this important resource. Hong Kong and Shenzhen have their own edges on fintech development. Hong Kong has a large number of financial elites while Shenzhen has talents for technology and innovation. Strengthening the talent development in the two places can create synergy and mutual benefit, and attract talents from all over the country and the world to establish themselves in the Guangdong-Hong Kong-Macao Bay Area.”