Tag Archives: China

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China Mobile opens corporate treasury centre and innovation research institute in Hong Kong (with photos)

     Invest Hong Kong (InvestHK) announced today (March 22) that its client, China Mobile Communications Group Co Ltd, is leveraging Hong Kong’s global status to set up its corporate treasury centre (CTC) and an innovation research institute in the city as part of the long-term business development strategy.
      
     The Financial Secretary, Mr Paul Chan; Deputy Director of the Liaison Office of the Central People’s Government (LOCPG) in the Hong Kong Special Administrative Region (HKSAR) Mr Yin Zonghua; the Chairman of China Merchants Group Limited, Mr Miao Jianmin; the Chief Executive of Bank of China (Hong Kong) Limited, Mr Sun Yu; the Director General of the Youth Department of the LOCPG in the HKSAR, Mr Zhang Zhihua; the Secretary for Innovation, Technology and Industry, Professor Sun Dong; and the Chairman of the China Mobile Communications Group, Mr Yang Jie, officiated at the opening ceremony marking the birth of the two centres. Over 150 guests including Legislative Council members along with renowned academics and financial and business leaders were invited to join.
      
     Mr Chan congratulated the establishment of China Mobile’s CTC and their innovation research institute. He said that the HKSAR is committed to developing Hong Kong as a global innovation and technology hub with an emphasis on promoting the co-operation of the Government and the industry, academic and research sectors. At the same time, Hong Kong as a global financial centre is well suited for treasury functions of multinationals such as overseas capital, remittance, fund raising and risk management matters. The China Mobile CTC and innovation research institute is a positive response to the HKSAR’s policy and a vote of confidence and strong support for Hong Kong’s economy in terms of its innovation development and financial services industry.
      
     Mr Yang indicated that the CTC and the innovation research institute are examples of China Mobile’s attempt to make use of Hong Kong’s advantages and the deepened co-operation between Mainland China and Hong Kong in accelerating the group’s business development. Hong Kong has the distinctive advantages of enjoying strong support of the motherland and being closely connected to the world. The group believes in Hong Kong’s future and has invested more than HK$30 billion over the past years in the city, hoping to help lift Hong Kong’s status as a global telecommunication hub.
      
     Mr Yang said that Hong Kong has the unique advantage of being a breeding ground of innovation and a premium global financial centre. China Mobile will reinforce its roots in Hong Kong, further integrating into the city and its financial ecosystem to better serve its people and lift the group’s overseas treasury management and innovation capabilities.
      
     He continued that the China Mobile (Hong Kong) Innovation Research Institute will strive to bring together innovation talent and resources from around the world for the best synergy in promoting the co-operation of industry, academic and research sectors. The centre has a particular focus on technological frontiers such as 6G development, new-generation mobile communications, artificial intelligence and new Internet, using technology to drive industry innovation in line with the goal of developing Hong Kong as a global innovation and technology centre and driving the growth of China Mobile’s capabilities and products in global markets.
      
     The CTC in Hong Kong will serve as China Mobile’s overseas treasury platform, using Hong Kong as a global hub to manage overseas capital management, services and operations, opening up capital channels within and outside China, and managing overseas capital risk, as well as taking China Mobile’s high-quality development and Hong Kong’s digital economy to new heights.
      
     For more information about China Mobile, please visit www.10086.cn.

Photo  Photo  
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Approved Mong Kok Outline Zoning Plan amended

     The Town Planning Board today (March 22) announced amendments to the approved Mong Kok Outline Zoning Plan (OZP).

     The amendments mainly involve (i) rezoning a site at 56 Fuk Tsun Street from “Comprehensive Development Area (1)” to “Residential (Group A)” (“R(A)”); (ii) rezoning a portion of Mong Kok Road Playground and a strip of land to its immediate north from “Government, Institution or Community” to “Open Space” and “R(A)” respectively to reflect the as-built condition and to rationalise the zoning boundaries; and (iii) removing the building height restriction on the sites of Mong Kok Road refuse collection point cum public toilet and Canton Road 1106 substation.
      
     The Notes and Explanatory Statement of the OZP are amended to take into account the above amendments. Opportunity is also taken to update the general information of various land use zones and the planning scheme area, where appropriate.

     The draft Mong Kok OZP No. S/K3/37, incorporating the amendments, is available for public inspection during office hours at (i) the Secretariat of the Town Planning Board, (ii) the Planning Enquiry Counters, (iii) the Tsuen Wan and West Kowloon District Planning Office and (iv) the Yau Tsim Mong District Office.
      
     Any person may make written representations in respect of the amendments to the Secretary of the Town Planning Board on or before May 22. Any person who intends to make a representation is advised to read the Town Planning Board Guidelines No. 29C on “Submission and Processing of Representations and Further Representations” (TPB PG-No. 29C).

     Submission of a representation should comply with the requirements set out in TPB PG-No. 29C. In particular, the representer should take note of the following:

* If the representer fails to provide his or her full name and the first four alphanumeric characters of his or her Hong Kong identity card or passport number as required under TPB PG-No. 29C, the representation submitted shall be treated as not having been made; and
* The Secretariat of the Town Planning Board reserves the right to require the representer to provide identity proof for verification.

     The Guidelines and the submission form are available at the above locations (i) and (ii) and the Town Planning Board’s website (www.tpb.gov.hk).

     Copies of the draft Mong Kok OZP are available for sale at the Map Publications Centres in North Point and Yau Ma Tei. The electronic version of the OZP can be viewed on the Town Planning Board’s website (www.tpb.gov.hk). read more

Approved Pok Fu Lam Outline Zoning Plan amended

     The Town Planning Board today (March 22) announced amendments to the approved Pok Fu Lam Outline Zoning Plan (OZP).

     The amendments mainly involve (i) rezoning a site between Pok Fu Lam Road and Victoria Road from “Green Belt”, “Residential (Group C)6” and area shown as ‘Road’ to “Other Specified Uses” annotated “Global Innovation Centre” for proposed Global Innovation Centre of the University of Hong Kong; and (ii) rezoning narrow strips of land along Victoria Road and a strip of land to the south of Wah Mei House, Wah Fu Estate, to suitable zonings to reflect the existing alignment of Victoria Road and the land grant boundary of Wah Fu Estate.
 
     The Notes and Explanatory Statement of the OZP are amended to take into account the above amendments. Opportunity is also taken to update the general information of various land use zones and the planning scheme area, where appropriate.

     The draft Pok Fu Lam OZP No. S/H10/22, incorporating the amendments, is available for public inspection during office hours at (i) the Secretariat of the Town Planning Board, (ii) the Planning Enquiry Counters, (iii) the Hong Kong District Planning Office, and (iv) the Southern Home Affairs Enquiry Centre.
 
     Any person may make written representations in respect of the amendments to the Secretary of the Town Planning Board on or before May 22. Any person who intends to make a representation is advised to read the Town Planning Board Guidelines No. 29C on “Submission and Processing of Representations and Further Representations” (TPB PG-No. 29C).

     Submission of a representation should comply with the requirements set out in TPB PG-No. 29C. In particular, the representer should take note of the following:

* If the representer fails to provide his or her full name and the first four alphanumeric characters of his or her Hong Kong identity card or passport number as required under TPB PG-No. 29C, the representation submitted shall be treated as not having been made; and
* The Secretariat of the Town Planning Board reserves the right to require the representer to provide identity proof for verification.

     The Guidelines and the submission form are available at the above locations (i) and (ii) and the Town Planning Board’s website (www.tpb.gov.hk).

     Copies of the draft Pok Fu Lam OZP are available for sale at the Map Publications Centres in North Point and Yau Ma Tei. The electronic version of the OZP can be viewed on the Town Planning Board’s website (www.tpb.gov.hk). read more

Grading of beach water quality released

     The Environmental Protection Department (EPD) today (March 22) released the latest grading of water quality for eight gazetted beaches that are open for swimming.

     Seven beaches were rated as Good (Grade 1) and one as Fair (Grade 2).

Grade 1 beaches are:             

Big Wave Bay Beach Repulse Bay Beach
Clear Water Bay Second Beach Silver Mine Bay Beach    
Deep Water Bay Beach Stanley Main Beach
Golden Beach  
 
Grade 2 beach is:
Silverstrand Beach  
 
     Compared with the grading released last week, Silverstrand Beach has been changed from Grade 1 to Grade 2.

     “The changes are generally within the normal range of fluctuation of the bacteriological water quality of the beaches,” an EPD spokesman said.

     Under the present grading system, beaches are classified into four grades, namely Good (Grade 1), Fair (Grade 2), Poor (Grade 3) and Very Poor (Grade 4), according to the level of E. coli in the water. Grades are calculated on the basis of the geometric mean of the E. coli counts on the five most recent sampling occasions.

     While the ratings represent the general water quality at the beaches, the EPD spokesman reminded members of the public that water quality could be temporarily affected during and after periods of heavy rain. Bathers should avoid swimming at beaches for up to three days after a tropical cyclone or heavy rainfall.

     A summary of beach grades is published weekly before the weekend. The latest beach grades based on the most current data may be obtained from the EPD’s website on Beach Water Quality (www.epd.gov.hk/epd/beach) or the beach hotline, 2511 6666. Members of the public can also obtain the latest daily water quality forecast information for all beaches that are open for swimming through the Beach Water Quality Forecast mobile application (available for download from: www.epd.gov.hk/en/BWQApp) or the dedicated beach water quality forecast page (www.epd.gov.hk/en/BWQForecast) on the EPD’s beach thematic website. read more