Tag Archives: China

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

     Exchange Fund Bills tender results:
 

Tender date	:	16 July 2024
Paper on offer	:	EF Bills
Issue number	:	Q2429
Issue date	:	17 July 2024
Maturity date	:	16 October 2024
Amount applied	:	HK$153,371 MN
Amount allotted	:	HK$64,314 MN
Average yield accepted	:	4.45 PCT
Highest yield accepted	:	4.50 PCT
Pro rata ratio*	:	About 1 PCT
Average tender yield	:	4.52 PCT
****************************
Tender date	:	16 July 2024
Paper on offer	:	EF Bills
Issue number	:	H2458
Issue date	:	17 July 2024
Maturity date	:	15 January 2025
Amount applied	:	HK$59,790 MN
Amount allotted	:	HK$19,800 MN
Average yield accepted	:	4.38 PCT
Highest yield accepted	:	4.40 PCT
Pro rata ratio*	:	About 97 PCT
Average tender yield	:	4.47 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.
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     Hong Kong Monetary Authority tenders to be held in the week beginning July 22, 2024:
 

Tender date	:	23 July 2024
Paper on offer	:	EF Bills
Issue number	:	Q2430
Issue date	:	24 July 2024
Maturity date	:	23 October 2024
Tenor	:	91 Days
Amount on offer	:	HK$60,205 MN
****************************
Tender date	:	23 July 2024
Paper on offer	:	EF Bills
Issue number	:	H2459
Issue date	:	24 July 2024
Maturity date	:	22 January 2025
Tenor	:	182 Days
Amount on offer	:	HK$12,600 MN

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     The effective exchange rate index for the Hong Kong dollar on Tuesday, July 16, 2024 is 106.4 (up 0.1 against yesterday’s index). read more

     â€‹Invest Hong Kong (InvestHK) announced today (July 16) that it has signed a Memorandum of Understanding (MOU) with the Abu Dhabi Chamber of Commerce and Industry of the United Arab Emirates (UAE), pledging mutual co-operation on investment promotion exchanges and support.
      
     The MOU was signed online by the Director-General of Investment Promotion at InvestHK, Ms Alpha Lau, and the Chief Executive Officer of Abu Dhabi Chamber of Commerce and Industry, Mr Ahmed Khalifa Al Qubaisi to foster a closer relationship for the mutual benefit of Hong Kong and the UAE in terms of investment promotion exchanges, and their co-operation with each other in promoting both inward and outward investments in both Abu Dhabi and Hong Kong.
      
     Ms Lau said, “This MOU marks a new milestone between Hong Kong and Abu Dhabi in terms of investment promotion exchanges. Hong Kong offers an efficient, reliable business platform bringing Mainland China and the rest of the world together. Meanwhile, Abu Dhabi is a leading economy in the Gulf region and an important source of foreign direct investment in the world. By leveraging Hong Kong’s status as the world’s ‘super connector’, companies from Abu Dhabi and the UAE, and those from Asia can strengthen collaboration, tapping into the growing business opportunities across our two regions.”
      
     Mr Al Qubaisi said, “This partnership between the Abu Dhabi Chamber of Commerce and Industry and InvestHK aligns with our strategic goals to leverage the diverse and promising investment opportunities in both markets as it promotes collaborative efforts and trade exchanges, thereby bolstering our joint economic interests.
      
     “Our partnership adds additional and necessary support to the objectives of the ‘Gateway to the World’ initiative, recently launched by the Abu Dhabi Chamber of Commerce and Industry, to expand our international business network, attract multinational corporations, SMEs, investors, and talent to Abu Dhabi, underscoring our commitment to fostering local and global economic growth, ensuring the contribution of the private sector to sustainable development, and facilitating global trade,” he added.
      
     The MOU focuses on sharing information on business environments and investment opportunities with a view to promoting investment between the two sides and sharing experiences in attracting foreign investment as well as best practices regarding investment promotion. It also encourages interested local companies in setting up or expanding their businesses within the area of the other jurisdiction and provides support to facilitate inward investment between both Abu Dhabi and Hong Kong.

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     The Air Accident Investigation Authority (AAIA) today (July 16) released the Accident Investigation Preliminary Report and Public Notice PLR-2024-02 on an accident involving a BogdanFly X-wing paraglider, which lost control and landed on a slope at Sunset Peak, Lantau, on June 17, 2024. The pilot did not survive.   

     A spokesperson for the AAIA said that the preliminary report has been published to provide factual information established in the investigation’s early-evidence collection phase to both the aviation industry and the general public in a timely manner, and should be regarded as tentative. The full report is available for download from the AAIA webpage (www.tlb.gov.hk/aaia/eng/investigation_reports/index.html).
                
     “The investigation team is conducting a detailed analysis of the data and information collected in order to determine the circumstances and causes of this occurrence with a view to preventing a recurrence in conjunction with identifying areas for further investigation or lines of inquiry to follow up,” the spokesperson said.  

     The AAIA, an independent investigation authority formed under the Transport and Logistics Bureau, is responsible for the investigation of civil aircraft accidents and incidents in accordance with the Hong Kong Civil Aviation (Investigation of Accidents) Regulations (Cap. 448B) and with reference to the International Civil Aviation Organization’s standards.   read more

     The Air Accident Investigation Authority (AAIA) today (July 16) released the Preliminary Report and Public Notice PLR-2024-01 on a serious incident concerning a multiple hydraulic system failure of a Boeing B747-400F freighter (registration mark N406KZ) operated by Atlas Air at Hong Kong International Airport on June 17, 2024.  

     A spokesperson for the AAIA said that the Preliminary Report has been published to provide factual information established in the investigation’s early-evidence collection phase to both the aviation industry and general public in a timely manner, and should be regarded as tentative. The full report is available for download from the AAIA webpage (www.tlb.gov.hk/aaia/eng/investigation_reports/index.html).
                
     “The investigation team is conducting a detailed analysis of the data and information collected in order to determine the circumstances and causes of this occurrence with a view to preventing a recurrence in conjunction with identifying areas for further investigation or lines of inquiry to follow up,” the spokesperson said.  

     The AAIA, an independent investigation authority formed under the Transport and Logistics Bureau, is responsible for the investigation of civil aircraft accidents and incidents in accordance with the Hong Kong Civil Aviation (Investigation of Accidents) Regulations (Cap. 448B) and with reference to the International Civil Aviation Organization’s standards.  read more