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Category: Asia

  • MIL-OSI Asia-Pac: Tender of 3-year RMB HKSAR Institutional Government Bonds to be held on July 24

    Source: Hong Kong Government special administrative region – 4

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

    The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced today (July 18) that a tender of 3-year RMB Institutional Government Bonds (Bonds) under the Infrastructure Bond Programme will be held on Thursday, July 24, 2025, for settlement on Monday, July 28, 2025.
     
    A total of RMB1.25 billion 3-year RMB Bonds will be tendered. The Bonds will mature on July 28, 2028 and will carry interest at the rate of 1.59 per cent per annum payable semi-annually in arrear.
     
    Tender is open only to Primary Dealers appointed under the Infrastructure Bond Programme. Anyone wishing to apply for the Bonds on offer can do so through any of the Primary Dealers on the latest published list, which can be obtained from the Hong Kong Government Bonds website at www.hkgb.gov.hk. Each tender must be for an amount of RMB50,000 or integral multiples thereof.
     
    Tender results will be published on the HKMA’s website, the Hong Kong Government Bonds website, Bloomberg (GBHK ) and Refinitiv (IBPGSBPINDEX). The publication time is expected to be no later than 3pm on the tender day.

    HKSAR Institutional Government Bonds Tender Information

    Tender information of 3-year RMB HKSAR Institutional Government Bonds:
     

    Issue Number : 03GB2807001
    Stock Code : 85039 (HKGB1.59 2807-R)
    Tender Date and Time : Thursday, July 24, 2025
    9.30am to 10.30am
    Issue and Settlement Date : Monday, July 28, 2025
    Amount on Offer : RMB1.25 billion
    Maturity : 3 years
    Maturity Date : Friday, July 28, 2028
    Interest Rate : 1.59 per cent p.a. payable semi-annually in arrear
    Interest Payment Dates : January 28 and July 28 in each year, commencing on the Issue Date up to and including the Maturity Date, subject to adjustment in accordance with the terms of the Institutional Issuances Information Memorandum of the Infrastructure Bond Programme and Government Sustainable Bond Programme (Information Memorandum) published on the Hong Kong Government Bonds website.
    Method of Tender : Competitive tender
    Tender Amount : Each competitive tender must be for an amount of RMB50,000 or integral multiples thereof. Any tender applications for the Bonds must be submitted through a Primary Dealer on the latest published list.
    Other Details : Please see the Information Memorandum available on the Hong Kong Government Bonds website or approach Primary Dealers.
    Expected commencement date of dealing on
    the Stock Exchange
    of Hong Kong Limited    		 : Tuesday, July 29, 2025
    Use of Proceeds : The Bonds will be issued under the institutional part of the Infrastructure Bond Programme. Proceeds will be invested in infrastructure projects in accordance with the Infrastructure Bond Framework published on the Hong Kong Government Bonds website.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: DSJ meets with SCIA President to discuss development and collaboration in sports dispute resolution between Hong Kong and Shenzhen (with photo)

    Source: Hong Kong Government special administrative region – 4

         The Deputy Secretary for Justice, Dr Cheung Kwok-kwan, met with the President of the Shenzhen Court of International Arbitration, Dr Liu Xiaochun, in Shenzhen today (July 18) to discuss development and collaboration in the field of sports dispute resolution between Hong Kong and Shenzhen.
     
         After the meeting, Dr Cheung said that the Department of Justice (DoJ) is committed to promoting the diversified development of sports dispute resolution services in Hong Kong and is actively promoting co-operation in sports dispute resolution services between Hong Kong and the Mainland, as well as other regions overseas, with a view to building Hong Kong into a sports dispute resolution services centre in the Asia-Pacific region.
     
         Dr Cheung said that Hong Kong has always been recognised and trusted by the international community for its arbitration and mediation services, and maintains a rich pool of talent in sports dispute resolution services. Shenzhen has long been a close partner of Hong Kong in arbitration, and has been actively participating in the national development of sports arbitration in recent years. He expressed hope that Hong Kong and Shenzhen can strengthen co-operation in sports dispute resolution, giving full play to the Guangdong-Hong Kong-Macao Greater Bay Area’s advantages of “one country, two systems and three jurisdictions” and promoting the development of sports dispute resolution services in the two places with innovative thinking.

         Dr Cheung also mentioned that the DoJ is taking forward the pilot scheme on sports dispute resolution as announced in “The Chief Executive’s 2024 Policy Address” at full steam on the local level. The invitation for the industry to submit proposals for operation of the pilot scheme began at the end of last month, with the aim of identifying a suitable administering body and a technology service provider to provide a fast, reliable and neutral resolution mechanism for sports disputes. The period for submission of proposals will end on July 31 and the pilot scheme is expected to be launched in the second half of the year.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Companies Registry releases statistics for first half of 2025

    Source: Hong Kong Government special administrative region – 4

    A total of 84,293 local companies were newly registered during the first half of 2025, according to the statistics released by the Companies Registry today (July 18). As at the end of June this year, the total number of local companies registered under the Companies Ordinance reached 1,494,806, which is an all-time high figure.
     
    In the first half of 2025, 761 non-Hong Kong companies have newly established a place of business in Hong Kong and were registered under the Companies Ordinance. The total number of registered non-Hong Kong companies reached 15,509 by the end of June 2025, which is also an all-time high figure.
     
    In line with the Government’s policies on facilitating business as well as attracting enterprises and investments, two improvement measures for the Companies Ordinance came into operation during the first half of 2025. The first measure is the Companies (Amendment) Ordinance 2025, which has become effective since April 17, 2025. It aims at enabling listed companies incorporated in Hong Kong to hold shares bought back in the treasury and dispose of them, and promoting paperless corporate communication for both listed and unlisted Hong Kong companies. The second measure is the Companies (Amendment) (No. 2) Ordinance 2025, which has become effective since May 23, 2025. It introduces a company re-domiciliation regime in Hong Kong that offers non-Hong Kong corporations a simple and cost-effective route to re-domicile to Hong Kong while preserving their legal identity and operational continuity.
     
    The number of charges on properties of companies received for registration in the first half of 2025 was 5,970. The number of notifications of payments and releases received for registration in the same period was 9,915.
     
    The number of documents delivered to the Registry for registration during the first six months of 2025 was 1,678,809.
     
    A total of 2,615,652 searches of document image records were conducted using the Registry’s electronic search services in the first half of 2025.
     
    For limited partnership funds (LPFs), the number of new registration in the first half of 2025 was 116. The total number of LPFs by the end of June 2025 was 1,099.
     
    For open-ended fund companies (OFCs), the number of new incorporation in the first half of 2025 was 109. The total number of OFCs by the end of June 2025 was 579.
     
    As for the licensing of trust or company service providers, during the first half of 2025, 350 new licences were granted by the Registry. The total number of licensees was 6,971 as at the end of June.
     
    For the licensing of money lenders, during the first half of 2025, 71 new licences were granted by the Licensing Court. The total number of licensed money lenders was 2,046 as at the end of June.
     
    For details of the half-yearly statistics, please visit the “Statistics” section of the Registry’s website (www.cr.gov.hk).

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Amendment Regulations on streamlining of permit applications for cross-boundary vehicles gazetted

    Source: Hong Kong Government special administrative region – 4

    The Road Traffic (Registration and Licensing of Vehicles) (Amendment) (No. 2) Regulation 2025, the Road Traffic (Registration and Licensing of Vehicles) (Amendment) (No. 3) Regulation 2025, the Road Traffic (Registration and Licensing of Vehicles) (Amendment) (No. 5) Regulation 2025 and the Road Traffic (Traffic Control) (Amendment) Regulation 2025 (collectively the Amendment Regulations) were gazetted today (July 18). The Amendment Regulations seek to provide greater convenience for cross-boundary vehicles by streamlining the arrangements of Closed Road Permits (CRP) and International Circulation Permits (ICP).

    A spokesperson for the Transport and Logistics Bureau said, “With the increasingly frequent traffic flow among Guangdong, Hong Kong and Macao, the Government has been proactively enhancing the relevant licensing services of the Transport Department in order to assist drivers and more effectively respond to the growing demand for cross-boundary travel. The Amendment Regulations will streamline the application procedures and requirements, and are expected to reduce and simplify the procedures for applicants/permit holders of the regular quota schemes, Northbound Travel for Hong Kong Vehicles and the recently announced Southbound Travel for Guangdong Vehicles schemes, bringing them greater convenience.”

    The major proposed amendments in the Amendment Regulations include:

    (1) CRP: extending the maximum validity period of CRP from 12 months to 60 months for cross-boundary vehicles, and adjusting the fee levels for CRP to cost-recovery levels; and exempting vehicles participating in designated cross-boundary driving schemes that meet the specified requirements from applying for a CRP based on risk control consideration. As the CRP will either be exempted or with its validity extended, the CRP fees payable by users will generally be reduced; and

    (2) ICP: introducing electronic ICPs (e-ICP) with a streamlined application and collection process, allowing applicants to submit applications and supporting documents online, and to collect e-ICP with self-printing.

    The Government consulted the Legislative Council (LegCo) Panel on Transport on the above streamlining arrangements for CRP and ICP respectively, and received general support from the Members. The Amendment Regulations will be tabled at the LegCo on July 23 for negative vetting. Subject to scrutiny by the LegCo, the exemption arrangement for CRP and the streamlining measures for ICP under the Amendment Regulations will be effective on October 1 this year; and the arrangements for extension of CRP validity period and fees adjustment will be effective on January 1, 2026. The Transport Department will continue to enhance different cross-boundary transport measures, providing a better travel experience for Hong Kong citizens and cross-boundary travellers.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Tender of 1-year RMB HKSAR Institutional Government Bonds to be held on July 24

    Source: Hong Kong Government special administrative region – 4

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

         The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced today (July 18) that a tender of 1-year RMB Institutional Government Bonds (Bonds) under the Infrastructure Bond Programme will be held on Thursday, July 24, 2025, for settlement on Monday, July 28, 2025.
     
    A total of RMB1.5 billion 1-year RMB Bonds will be tendered. The Bonds will mature on July 28, 2026 and will carry interest at the rate of 1.48 per cent per annum payable semi-annually in arrear.
     
    Tender is open only to Primary Dealers appointed under the Infrastructure Bond Programme. Anyone wishing to apply for the Bonds on offer can do so through any of the Primary Dealers on the latest published list, which can be obtained from the Hong Kong Government Bonds website at www.hkgb.gov.hk. Each tender must be for an amount of RMB50,000 or integral multiples thereof.
     
    Tender results will be published on the HKMA’s website, the Hong Kong Government Bonds website, Bloomberg (GBHK ) and Refinitiv (IBPGSBPINDEX). The publication time is expected to be no later than 3pm on the tender day.

    HKSAR Institutional Government Bonds Tender Information

    Tender information of 1-year RMB HKSAR Institutional Government Bonds:
     

    Issue Number : 01GB2607001
    Stock Code : 85038 (HKGB1.48 2607-R)
    Tender Date and Time : Thursday, July 24, 2025
    9.30am to 10.30am
    Issue and Settlement Date : Monday, July 28, 2025
    Amount on Offer : RMB1.5 billion
    Maturity : 1 year
    Maturity Date : Tuesday, July 28, 2026
    Interest Rate : 1.48 per cent p.a. payable semi-annually in arrear
    Interest Payment Dates : January 28 and July 28 in each year, commencing on the Issue Date up to and including the Maturity Date, subject to adjustment in accordance with the terms of the Institutional Issuances Information Memorandum of the Infrastructure Bond Programme and Government Sustainable Bond Programme (Information Memorandum) published on the Hong Kong Government Bonds website.
    Method of Tender : Competitive tender
    Tender Amount : Each competitive tender must be for an amount of RMB50,000 or integral multiples thereof. Any tender applications for the Bonds must be submitted through a Primary Dealer on the latest published list.
    Other Details : Please see the Information Memorandum available on the Hong Kong Government Bonds website or approach Primary Dealers.
    Expected commencement date of dealing on
    the Stock Exchange
    of Hong Kong Limited    		 : Tuesday, July 29, 2025
    Use of Proceeds : The Bonds will be issued under the institutional part of the Infrastructure Bond Programme. Proceeds will be invested in infrastructure projects in accordance with the Infrastructure Bond Framework published on the Hong Kong Government Bonds website.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: GBA Office holds first seminar in Xian to promote GBA development opportunities (with photos)

    Source: Hong Kong Government special administrative region – 4

         The Guangdong-Hong Kong-Macao Greater Bay Area Development Office (GBA Office) today (July 18) held the GBA Via Hong Kong luncheon seminar in Xian to promote the vast opportunities brought about by the development of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) and the growth potential of Hong Kong’s Northern Metropolis to enterprises in Shaanxi. Over 260 participants attended the event.
     
         The Commissioner for the Development of the Guangdong-Hong Kong-Macao Greater Bay Area, Ms Maisie Chan, delivered a video speech at the seminar. She said that to fully leverage Hong Kong’s advantage of connecting with both the Mainland and the world, the GBA Office not only expends efforts on overseas publicity and promotion, but also strengthens domestic ties by actively promoting development opportunities in the GBA to different Mainland cities. Commencing the visit in Xian – a national central city in the heart of China – signified a pivotal step in the GBA’s “northbound empowerment” and its connection with the Silk Road Economic Belt. With the support from the Central Authorities and the concerted efforts of various GBA cities, the GBA has continued to flourish in terms of economic strength and competitiveness, advancing towards the goal of becoming a world-class bay area. As a core city and regional development engine of the GBA, and with the unique advantage of having strong support from the motherland and close connection with the world, Hong Kong is an ideal partner for Shaanxi enterprises to expand into the GBA and explore the global market. She encouraged enterprises to establish a presence in Hong Kong and leverage the city as an internationalised platform to go global.
     
         The Deputy Commissioner for the Development of the Guangdong-Hong Kong-Macao Greater Bay Area, Ms Aubrey Fung, delivered a keynote speech titled “GBA’s development opportunities and Hong Kong’s advantages in empowering Shaanxi enterprises to go global”. She said that the GBA is of immense strategic significance in national development, presenting boundless business opportunities for Shaanxi and global enterprises. Under the “one country, two systems” principle, Hong Kong possesses an excellent business environment that is highly market-oriented and internationalised, underpinned by the rule of law, with distinctive strengths in financial services, innovation and technology, and trade and logistics, etc. With the further deepening of co-operation between Shaanxi and Hong Kong, the city’s unique strengths and Shaanxi’s solid industrial foundation and vibrant technological innovation would create synergy, thereby fostering a win-win outcome and resource complementarity between the two places, and injecting new impetus into the country’s high-quality development.
     
         The Deputy Director of the Northern Metropolis Co-ordination Office, Ms Pecvin Yong, said at the seminar that the Northern Metropolis, aligning with the national development strategy and abutting Shenzhen with a global outlook, can contribute to the GBA becoming a world-class top-notch bay area. The Northern Metropolis also offers development and investment opportunities for Shaanxi’s enterprises. The Hong Kong Special Administrative Region Government will continue to adopt an industry-oriented approach in planning and implementing the Northern Metropolis as well as diversified land disposal approaches, including large-scale land disposal, with a view to attracting talent and resources to Hong Kong, helping the Northern Metropolis to become a new engine for Hong Kong’s economic growth.
     
         Today’s seminar was co-organised by the GBA Office, the Shaanxi Liaison Unit of the Hong Kong Special Administrative Region Government, and the Hong Kong and Macao Affairs Office of the Shaanxi Provincial People’s Government. The seminar also featured a question-and-answer session to facilitate exchanges, enabling participants to gain a deeper understanding of the development potential of the GBA and the Northern Metropolis, and providing a high-value exchange platform for enterprises of the two regions.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Appeal for information on missing woman in Yuen Long (with photo)

    Source: Hong Kong Government special administrative region – 4

    Police today (July 18) appealed to the public for information on a woman who went missing in Yuen Long.

    Marma Swe Sai Nu, aged 19, went missing after she was last seen in Ma Tin Pok on June 30 afternoon. Police received the report on July 2 morning.
        
    She is about 1.7 metres tall, 54 kilograms in weight and of thin build. She has a long face with yellow complexion and long straight black hair. She was last seen wearing a pink T-shirt, brown trousers and khaki flip-flops.

    Anyone who knows the whereabouts of the missing woman or may have seen her is urged to contact the Regional Missing Persons Unit of New Territories North on 3661 3113 or email to rmpu-ntn-1@police.gov.hk, or contact any police station.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: United Nations Sanctions (Somalia) Regulation 2019 (Amendment) Regulation 2025 gazetted

    Source: Hong Kong Government special administrative region – 4

         The Government today (July 18) gazetted the United Nations Sanctions (Somalia) Regulation 2019 (Amendment) Regulation 2025 (the Amendment Regulation), which came into operation today.
     
         “The Amendment Regulation amends the United Nations Sanctions (Somalia) Regulation 2019 to give effect to certain decisions relating to sanctions in the United Nations Security Council (UNSC) Resolution 2776 in respect of Somalia,” a Government spokesman said.
     
         The amendments mainly relate to the requirements of the licences for the supply, sale, transfer or carriage of weapons, ammunition or military equipment to Somalia or to certain persons.
     
         The Hong Kong Special Administrative Region Government has all along been implementing fully the sanctions imposed by the UNSC. The Amendment Regulation aims to give effect to the instructions by the Ministry of Foreign Affairs for fulfilling the international obligations of the People’s Republic of China as a Member State of the United Nations.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: United Nations Sanctions (Libya) Regulation 2019 (Amendment) Regulation 2025 gazetted

    Source: Hong Kong Government special administrative region – 4

    ​The Government today (July 18) gazetted the United Nations Sanctions (Libya) Regulation 2019 (Amendment) Regulation 2025 (the Amendment Regulation), which came into operation today. 
     
    “The Amendment Regulation amends the United Nations Sanctions (Libya) Regulation 2019 to give effect to certain decisions relating to sanctions in the United Nations Security Council (UNSC) Resolution 2769 in respect of Libya,” a Government spokesman said.
     
    The amendments renew the sanctions measures in respect of preventing illicit petroleum exports from Libya, and reflect the latest exemption arrangements in respect of arms embargo and asset freeze.
     
    The Hong Kong Special Administrative Region Government has all along been implementing fully the sanctions imposed by the UNSC. The Amendment Regulation aims to give effect to the instructions by the Ministry of Foreign Affairs for fulfilling the international obligations of the People’s Republic of China as a Member State of the United Nations.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Missing woman in Tsim Sha Tsui located

    Source: Hong Kong Government special administrative region – 4

         A woman who went missing in Tsim Sha Tsui has been located.
          
         Lam Kit-man, aged 38, went missing after she was last seen on Tsim Sha Tsui Promenade on July 15 morning. Her family made a report to Police after she went missing.

         The woman was located at Tai Wo Estate, Tai Po last night (July 17). She sustained no injuries and no suspicious circumstances were detected.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: DH reminds public that “Tianjiu” therapy shall be performed by qualified Chinese medicine practitioners

    Source: Hong Kong Government special administrative region – 4

    The Department of Health (DH) today (July 18) reminded the public that “Tianjiu” therapy, which is a kind of Chinese Medicine Acupuncture treatment, should only be performed by qualified Chinese medicine practitioners (CMPs) in order to avoid adverse effects, or even aggravation of illness or injury.

         “Tianjiu” therapy stimulates specific acupuncture points with medication to prevent illness by unblocking meridians and collaterals and regulating “qi” and blood. Clinically, it can be used to treat various illnesses, such as chronic bronchitis, asthma, allergic rhinitis, menstrual irregularities and joint pain etc.

    The “Sanfu Tian” period this year starts from July 20 (Sunday) and ends on August 18 (Monday). Some people undergo “Tianjiu” therapy during this period to achieve better therapeutic effects.

    In Hong Kong, “Tianjiu” therapy must be performed by CMPs with professional qualifications. The DH appeals to the public to have their health conditions assessed by a qualified CMP before receiving “Tianjiu” therapy to determine their suitability for the treatment. Some groups of people may not be suitable for “Tianjiu’, including children aged under 2 years old, pregnant women and patients with heat patterns as identified by CMPs.

    Before receiving “Tianjiu” therapy, members of the public should confirm the qualifications of the CMPs. They should not allow unregistered or unapproved healthcare personnels to perform “Tianjiu”. Since the professional qualifications and standards of such personnels have not been ascertained, the safety and treatment effect of their services are questionable and may even aggravate the condition or cause injury to those receiving therapy. Members of the public may request relevant supporting documents from CMPs practising in Hong Kong if they have doubts about their qualifications. A list of registered and listed CMPs is available for public inspection on the website of the Chinese Medicine Council of Hong Kong (www.cmchk.org.hk).

    In addition, members of the public should clearly understand the treatment procedure, potential risks and precautions etc, before receiving “Tianjiu” therapy. If anyone feels unwell during the therapy, seek advice from healthcare professionals immediately.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Public Health and Municipal Services (Fees) (Amendment) Regulation 2025 gazetted

    Source: Hong Kong Government special administrative region – 4

    The Government today (July 18) gazetted the Public Health and Municipal Services (Fees) (Amendment) Regulation 2025 (Amendment Regulation) to tie in with the implementation of the Registered Fire Engineer (RFE) Scheme.

    The RFE Scheme will offer licence applicants of general restaurants, light refreshment restaurants, food factories (whether or not for preparation of bakery products only), factory canteens and composite food shops an additional option. Applicants may continue with the established practice of using the fire safety risk assessment and certification services of the Fire Services Department (FSD) or engage the services of RFEs. To tie in with the implementation of the Scheme, the Government made the Fire Services Department (Reports and Certificates) (Amendment) Regulation 2025 to revamp the fee structure for FSD services, including the fees for the issue of certificates for ventilating systems by the FSD prescribed in the Fire Services Department (Reports and Certificates) Regulations (Cap. 95C).

    In view of the revamp of the fee structure for FSD services, the Amendment Regulation will specify the corresponding fee deduction for the issue of certificates for ventilating systems by the FSD from the fees for the granting of full food business licences, so that applicants will not be double charged for the same service.

    The Government will table the Amendment Regulation before the Legislative Council at its sitting on July 23. Upon the completion of negative vetting, the Amendment Regulation will come into effect with the revamped fee structure for FSD services on November 1, 2025.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: “Immersive Hong Kong” roving exhibition opens in Qingdao (with photos)

    Source: Hong Kong Government special administrative region – 4

         The “Immersive Hong Kong” roving exhibition, organised by the Information Services Department (ISD) of the Hong Kong Special Administrative Region (HKSAR) Government  to showcase the diversity and latest developments of Hong Kong through interactive art technology, opened in Qingdao today (July 18). 

         Co-organised by the Shandong Liaison Unit of the HKSAR Government, the exhibition, themed “Hong Kong – Where the World Looks Ahead”, invites visitors from Qingdao and the entire Shandong Province to explore the unique opportunities and potential for tourism, education, business and investment in Hong Kong.

         The exhibition enables visitors to delve into different virtual scenes representing the city, with a creative twist. The five thematic zones, namely “Financial Bridgehead”, “I&T Brain Bank”, “Blossoming Creativity”, “Diversity and Greenery” and “Buzzing Sports Action”, feature multiple interactive art projections, light box installations and naked-eye 3D displays, representing the distinctive appeal of Hong Kong.

         Visitors may also enjoy Hong Kong’s vibrant and colourful skyline, illustrated by Hong Kong artist Messy Desk (Jane Lee), at a photo corner in the venue. Promotional videos on Hong Kong and digital panels presenting information about the city, as well as insights from Mainland companies about their experiences in Hong Kong, are also on display, highlighting why the city is one of the most desirable places to visit, study, live, work and invest.

         Speaking at the opening ceremony today, the Director of Information Services, Mrs Apollonia Liu, said that this year marks the 10th anniversary of the Belt and Road Summit organised by the HKSAR, and that three node cities along the Belt and Road on the Mainland were specially selected to hold the exhibition. The first stop was successfully held in Shanghai last month, attracting more than 180 000 visitors, while Qingdao is the second stop, to be followed by Chengdu. 

         She said, “The eligible cities of the Individual Visit Scheme (IVS) expanded to Qingdao in March last year, enabling residents of Qingdao to explore Hong Kong in a more flexible and convenient manner. In addition to deepening exchanges and fostering cultural integration and people-to-people bonds between the two cities, IVS tourists also represent an important force in driving the business of tourism-related industries in Hong Kong.”

         Mrs Liu added that, although Hong Kong and Qingdao are far apart geographically, the two cities are in fact within arm’s reach. They are linked by multiple direct flights operating daily, with a flight time of just over three hours. This offers an excellent foundation for the two cities to further deepen tourism co-operation, promote resource sharing, and facilitate the two-way flow of visitors.

         Introducing the highlights of the exhibition, Mrs Liu said a “Buzzing Sports Action” thematic zone has been set up, serving as pre-event publicity for the 15th National Games to be cohosted by Hong Kong, Guangdong and Macao in November this year. The cultural and tourism appeal, as well as the latest developments of Hong Kong, is also shown in a comprehensive manner through naked-eye 3D displays and interactive games.

         Mrs Liu expressed hope that the exhibition would provide an opportunity for friends from Qingdao to experience Hong Kong’s charm from different aspects, sparking their interest to learn more about Hong Kong and visit the city.

         To give Qingdao audiences a taste of Hong Kong’s cultural offerings, a wind instrument performance by two young Hong Kong music talents – the Hong Kong Chinese Orchestra Suona Principal Ma Wai-him and pianist Aaron Leung – will be staged at the exhibition venue on July 19 and 20. 

         During the exhibition, an interactive game, “Snap a cool shot @Immersive Hong Kong”, will offer attractive prizes sponsored by Cathay Pacific for two winners. The winner of the Grand Prize will receive a pair of round-trip business class air tickets from Qingdao to Hong Kong, while the runner-up will receive a pair of round-trip economy class air tickets on the same itinerary.

         The exhibition is being held at Lion Mall, a major shopping centre in Qingdao, until July 27. Admission is free.

         Qingdao is the seventh stop of the exhibition, following its successful staging in a total of six cities in Mainland China, the Association of Southeast Asian Nations, and the Middle East between July 2023 and June 2025.

         Supporting organisations of the exhibition include the Belt and Road Office of the Commerce and Economic Development Bureau, Hong Kong Talent Engage, Cathay Pacific, the Hong Kong Trade Development Council, the Hong Kong Tourism Board, and the Kai Tak Sports Park.

         More information on the exhibition is available on the dedicated page on the Brand Hong Kong website and the Hong Kong Economic and Trade Office in Shanghai website.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: “Immersive Hong Kong” roving exhibition opens in Qingdao (with photos)

    Source: Hong Kong Government special administrative region – 4

         The “Immersive Hong Kong” roving exhibition, organised by the Information Services Department (ISD) of the Hong Kong Special Administrative Region (HKSAR) Government  to showcase the diversity and latest developments of Hong Kong through interactive art technology, opened in Qingdao today (July 18). 

         Co-organised by the Shandong Liaison Unit of the HKSAR Government, the exhibition, themed “Hong Kong – Where the World Looks Ahead”, invites visitors from Qingdao and the entire Shandong Province to explore the unique opportunities and potential for tourism, education, business and investment in Hong Kong.

         The exhibition enables visitors to delve into different virtual scenes representing the city, with a creative twist. The five thematic zones, namely “Financial Bridgehead”, “I&T Brain Bank”, “Blossoming Creativity”, “Diversity and Greenery” and “Buzzing Sports Action”, feature multiple interactive art projections, light box installations and naked-eye 3D displays, representing the distinctive appeal of Hong Kong.

         Visitors may also enjoy Hong Kong’s vibrant and colourful skyline, illustrated by Hong Kong artist Messy Desk (Jane Lee), at a photo corner in the venue. Promotional videos on Hong Kong and digital panels presenting information about the city, as well as insights from Mainland companies about their experiences in Hong Kong, are also on display, highlighting why the city is one of the most desirable places to visit, study, live, work and invest.

         Speaking at the opening ceremony today, the Director of Information Services, Mrs Apollonia Liu, said that this year marks the 10th anniversary of the Belt and Road Summit organised by the HKSAR, and that three node cities along the Belt and Road on the Mainland were specially selected to hold the exhibition. The first stop was successfully held in Shanghai last month, attracting more than 180 000 visitors, while Qingdao is the second stop, to be followed by Chengdu. 

         She said, “The eligible cities of the Individual Visit Scheme (IVS) expanded to Qingdao in March last year, enabling residents of Qingdao to explore Hong Kong in a more flexible and convenient manner. In addition to deepening exchanges and fostering cultural integration and people-to-people bonds between the two cities, IVS tourists also represent an important force in driving the business of tourism-related industries in Hong Kong.”

         Mrs Liu added that, although Hong Kong and Qingdao are far apart geographically, the two cities are in fact within arm’s reach. They are linked by multiple direct flights operating daily, with a flight time of just over three hours. This offers an excellent foundation for the two cities to further deepen tourism co-operation, promote resource sharing, and facilitate the two-way flow of visitors.

         Introducing the highlights of the exhibition, Mrs Liu said a “Buzzing Sports Action” thematic zone has been set up, serving as pre-event publicity for the 15th National Games to be cohosted by Hong Kong, Guangdong and Macao in November this year. The cultural and tourism appeal, as well as the latest developments of Hong Kong, is also shown in a comprehensive manner through naked-eye 3D displays and interactive games.

         Mrs Liu expressed hope that the exhibition would provide an opportunity for friends from Qingdao to experience Hong Kong’s charm from different aspects, sparking their interest to learn more about Hong Kong and visit the city.

         To give Qingdao audiences a taste of Hong Kong’s cultural offerings, a wind instrument performance by two young Hong Kong music talents – the Hong Kong Chinese Orchestra Suona Principal Ma Wai-him and pianist Aaron Leung – will be staged at the exhibition venue on July 19 and 20. 

         During the exhibition, an interactive game, “Snap a cool shot @Immersive Hong Kong”, will offer attractive prizes sponsored by Cathay Pacific for two winners. The winner of the Grand Prize will receive a pair of round-trip business class air tickets from Qingdao to Hong Kong, while the runner-up will receive a pair of round-trip economy class air tickets on the same itinerary.

         The exhibition is being held at Lion Mall, a major shopping centre in Qingdao, until July 27. Admission is free.

         Qingdao is the seventh stop of the exhibition, following its successful staging in a total of six cities in Mainland China, the Association of Southeast Asian Nations, and the Middle East between July 2023 and June 2025.

         Supporting organisations of the exhibition include the Belt and Road Office of the Commerce and Economic Development Bureau, Hong Kong Talent Engage, Cathay Pacific, the Hong Kong Trade Development Council, the Hong Kong Tourism Board, and the Kai Tak Sports Park.

         More information on the exhibition is available on the dedicated page on the Brand Hong Kong website and the Hong Kong Economic and Trade Office in Shanghai website.

    MIL OSI Asia Pacific News –

  • 60 lakh PMAY houses in Bihar, over 3 lakh in Motihari alone: PM Modi

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Friday highlighted key Central welfare schemes benefiting the people of Bihar and reaffirmed the Nitish Kumar-led NDA government’s commitment to building a “New Bihar.”

    During his visit to Motihari in Bihar’s East Champaran district, the Prime Minister launched a series of infrastructure projects worth over ₹7,200 crore. Addressing a large public gathering, he underlined the government’s consistent focus on public welfare, contrasting it with what he called the “discriminatory” approach of the previous UPA regime.

    PM Modi said that Bihar accounts for 60 lakh of the total 4 crore pucca houses built under the Pradhan Mantri Awas Yojana (PMAY), emphasizing the state’s substantial share in the nationwide scheme.

    He added that in Motihari alone, over 3 lakh families have received pucca houses under PMAY.

    The Prime Minister also spoke about the recently approved Dhan Dhanya Krishi Yojana, which aims to benefit farmers in underperforming agricultural districts. “Under this scheme, 100 districts with untapped farming potential will be identified. Over 1.75 crore farmers across the country are expected to benefit, with a significant number from Bihar,” he said.

    Referring to the growth trajectory of Eastern nations, PM Modi said Bihar should similarly become a growth hub for India. “Our vision is clear: when Bihar progresses, the country progresses. We are committed to building a prosperous Bihar and ensuring employment for every youth.”

    He said rapid progress is underway across various sectors to boost job opportunities for the state’s youth. “The Nitish government has already provided employment to lakhs of young people and has set new goals to enhance youth employment further. The Central government is fully supporting these efforts,” he added.

    —IANS

  • MIL-OSI Asia-Pac: Speech by FS at Rhythm of Innovation (English only) (with photos/video)

    Source: Hong Kong Government special administrative region

    Speech by FS at Rhythm of Innovation (English only) (with photos/video) 
    Sunny (Chairman of the Hong Kong Science and Technology Parks (HKSTP) Corporation, Dr Sunny Chai), Albert (Chief Executive Officer of the HKSTP Corporation, Mr Albert Wong), young talents from Hong Kong and beyond,
     
    Good afternoon.
     
         It’s a real pleasure to be at this gathering, joined by so many energetic and passionate young innovators.
     
         Just moments ago, I had the chance to speak with some of you, interns and graduates from various incubation programmes here at Science Park. I must say I am truly impressed by your passion, creativity and drive to make a difference in life.
     
         Innovation and technology – or I&T – is a space full of promise. For a long time, people in Hong Kong have favoured careers like doctors, lawyers, engineers and accountants. While these are respectable and rewarding professions, today, I&T has become one of the most exciting avenues for young people to succeed. It is a sector of the future where you can find a meaningful career with positive impact on the community and the world.
     
         Take DeepSeek for example.  It is a remarkable venture launched by a group of young innovators. Their high-efficiency, low-cost model has captured global attention and admiration. And they are just one of many success stories. Across both the Mainland and Hong Kong, young people are driving change through groundbreaking products and creative solutions that are shaping industries and transforming lives.
     
         And if you’re thinking about a career in I&T, let me say: Hong Kong is the place to be.
     
         This Government puts I&T as a policy priority. We focus on sectors where we have competitive strengths, namely artificial intelligence, biomedicine, fintech as well as new energy and new materials. To expedite their development, we are actively attracting world-class enterprises and top talent to Hong Kong, especially those working on cutting-edge technologies.  And we are nurturing a vibrant ecosystem of start-ups, with patient capital support.  By setting up the Hong Kong Investment Corporation Limited, we seek to channel private sector funds to companies even at their nascent stage. 
     
         As an international financial centre, we also provide comprehensive funding support for start-ups and companies at various stages of development, from angel investments, venture capital and private equity to IPO.
     
         Apart from finance, Hong Kong has a number of other unique advantages. 
     
         For example, we are home to world-class universities and research institutions. We are the only city in the world with five universities ranked among the global top 100. Our research institutions are among the best in Asia and the world.  Our two medical schools are among the world’s top 25. 
     
         Besides, we have a thriving start-up ecosystem.  As of last year, Hong Kong had around 4 700 start-ups, a 40 per cent increase compared to 2020. And our innovation flagships like Science Park and Cyberport provide the space, infrastructure, mentorship, resources, networks and programmes that support their growth and dreams.
     
         There’s more. The Northern Metropolis on the boundary with Shenzhen – an area about one-third the size of Hong Kong – is being developed into an I&T powerhouse.
     
         With special cross-boundary policies and facilitation, the Northern Metropolis in conjunction with sister cities in the Greater Bay Area, like Shenzhen and Guangzhou, is fast becoming a global hub for R&D, tech innovation and commercialisation, as well as advanced manufacturing.
     
         And just as important – we offer a safe, open, multicultural environment that welcomes talent from all over the world.
     
         To those of you who are coming from the Mainland or overseas, I wish you to know that Hong Kong welcomes you. If you are inspired by what you see here, come and join us. Since launching our talent admission schemes in December 2022, we’ve received nearly 500 000 applications – and over 220 000 talented individuals have arrived in Hong Kong, many with their young families. They chose Hong Kong for its opportunities, unparalleled connectivity, quality of life, excellent education system, and many more.
     
         Ladies and gentlemen, the greatest asset of Hong Kong has always been its people – and that includes you: our next generation of innovators, creators and leaders.
     
         I look forward to seeing many of you again in the future – not just as students or interns, but as key members of Hong Kong’s I&T community.
     
         Once again, I thank the HKSTP for organising this amazing and meaningful gathering.
     
         Let me end by wishing you all good health, successful careers, and a bright future. Keep dreaming, keep creating, and keep moving forward.
     
         Thank you very much.
    Issued at HKT 18:06

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Tweaks to car travel permits offered

    Source: Hong Kong Information Services

    Four amendment regulations which seek to provide greater convenience for cross-boundary vehicles by streamlining the arrangements of the Closed Road Permit (CRP) and the International Circulation Permit (ICP) were published in the Government Gazette today.

     

    Specifically, the Government proposed extending the maximum validity period of the CRP from 12 months to 60 months for cross-boundary vehicles, and adjusting the fee levels for the CRP to cost-recovery levels.

     

    In addition, based on risk control consideration, it proposed exempting vehicles participating in designated cross-boundary driving schemes that meet the specified requirements from applying for a CRP.

     

    Such amendments will lead to a reduction of CRP fees payable by users, the Government explained.

     

    Another major proposed amendment calls for introducing electronic ICPs (e-ICPs), with a streamlined application and collection process, allowing applicants to submit applications and supporting documents online, and collect the e-ICP with self-printing.

     

    Apart from highlighting that the improvements are expected to reduce and simplify the procedures for applicants/permit holders of the regular quota schemes, the Northbound Travel for Hong Kong Vehicles scheme and the Southbound Travel for Guangdong Vehicles scheme, the Transport & Logistics Bureau emphasised that it will also bring them greater convenience.

     

    After being gazetted, the four amendment regulations, namely the Road Traffic (Registration & Licensing of Vehicles) (Amendment) (No. 2) Regulation 2025, the Road Traffic (Registration & Licensing of Vehicles) (Amendment) (No. 3) Regulation 2025, the Road Traffic (Registration & Licensing of Vehicles) (Amendment) (No. 5) Regulation 2025 and the Road Traffic (Traffic Control) (Amendment) Regulation 2025, will be tabled at the Legislative Council on July 23 for negative vetting.

     

    Subject to scrutiny by LegCo, the exemption arrangement for the CRP and the streamlining measures for the ICP will be effective on October 1; and the arrangements for extending the CRP’s validity period and fees adjustment will come into force on January 1 of next year.

    MIL OSI Asia Pacific News –

  • MIL-OSI: MEXC Publishes Q2 Report Showing Market Leadership in Listings and Security Reserves

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, July 18, 2025 (GLOBE NEWSWIRE) — MEXC, a leading global cryptocurrency exchange, announced its Q2 2025 performance results, reporting substantial growth across new token listings, user acquisition, ecosystem investments, and platform security initiatives. The quarter marked a period of strong activity for MEXC, as the broader crypto market recovered amid renewed interest in meme coins, AI projects, and multi-chain ecosystems.

    During Q2, MEXC recorded 580 new token listings, with several projects delivering significant returns. Notable performers included the Ethereum-based ZK infrastructure token LA, which posted a peak gain of over 9,100%, as well as Solana-based meme coins MOONPIG and GORK. Infrastructure and AI projects such as FHE, INIT, and KERNEL also saw elevated interest and trading volume. In total, the top 10 newly listed tokens delivered an average peak return of over 3,600%.

    MEXC also announced that its registered user base has surpassed 40 million globally, reflecting increased adoption in both developed and emerging markets. The milestone coincided with the launch of a $300 million Ecosystem Development Fund and a $30 million CSR initiative, IgniteX, aimed at fostering blockchain innovation through education, early-stage support, and technical grants.

    “The second quarter of 2025 demonstrated that investor appetite for high-growth narratives remains strong,” said Shawn Young, Chief Analyst at MEXC. “We’ve seen momentum shift toward infrastructure, Bitcoin-native DeFi, and memecoins with active communities. Our focus remains on accessibility, innovation, and user protection.”

    Security remained a key area of investment for the platform. In June, MEXC launched the $100 Million Guardian Fund, designed to provide immediate user compensation in the event of verified security incidents. The exchange also reported a BTC reserve ratio of 127.59%, supported by over 4,080 BTC in custody. Additionally, its Futures Insurance Fund surpassed $559 million in cumulative payouts.

    MEXC continued to expand its product offering, launching a new hybrid CEX–DEX platform called DEX+ and introducing an upgraded Launchpad system, which featured seven token sales in its first month. Participation exceeded 118,000 users, with several projects posting gains of 8–9x post-listing. The Airdrop+ initiative also scaled rapidly, with 146 campaigns launched and over 230,000 participants recorded.

    Strategic partnerships played a key role in Q2. A major collaboration with the TON blockchain included a $1 million campaign that generated $6.6 billion in trading volume and attracted over 110,000 participants. MEXC also hosted and participated in industry events across Dubai, Korea, and Monaco.

    Looking ahead, MEXC aims to deepen its focus on infrastructure, ecosystem growth, and security standards, as well as expand support for new user onboarding initiatives in underbanked regions. The company plans further product launches and community activations in Q3 and Q4.

    About MEXC

    Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto”. Serving over 40 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, frequent airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.

    MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC

    Photos accompanying this announcement are available at
    https://www.globenewswire.com/NewsRoom/AttachmentNg/8142f904-40f5-48fb-ad0d-b9a80ec0d3b4
    https://www.globenewswire.com/NewsRoom/AttachmentNg/b97b1513-060d-4796-8314-17ceab256b3d

    The MIL Network –

  • MIL-OSI: MEXC Publishes Q2 Report Showing Market Leadership in Listings and Security Reserves

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, July 18, 2025 (GLOBE NEWSWIRE) — MEXC, a leading global cryptocurrency exchange, announced its Q2 2025 performance results, reporting substantial growth across new token listings, user acquisition, ecosystem investments, and platform security initiatives. The quarter marked a period of strong activity for MEXC, as the broader crypto market recovered amid renewed interest in meme coins, AI projects, and multi-chain ecosystems.

    During Q2, MEXC recorded 580 new token listings, with several projects delivering significant returns. Notable performers included the Ethereum-based ZK infrastructure token LA, which posted a peak gain of over 9,100%, as well as Solana-based meme coins MOONPIG and GORK. Infrastructure and AI projects such as FHE, INIT, and KERNEL also saw elevated interest and trading volume. In total, the top 10 newly listed tokens delivered an average peak return of over 3,600%.

    MEXC also announced that its registered user base has surpassed 40 million globally, reflecting increased adoption in both developed and emerging markets. The milestone coincided with the launch of a $300 million Ecosystem Development Fund and a $30 million CSR initiative, IgniteX, aimed at fostering blockchain innovation through education, early-stage support, and technical grants.

    “The second quarter of 2025 demonstrated that investor appetite for high-growth narratives remains strong,” said Shawn Young, Chief Analyst at MEXC. “We’ve seen momentum shift toward infrastructure, Bitcoin-native DeFi, and memecoins with active communities. Our focus remains on accessibility, innovation, and user protection.”

    Security remained a key area of investment for the platform. In June, MEXC launched the $100 Million Guardian Fund, designed to provide immediate user compensation in the event of verified security incidents. The exchange also reported a BTC reserve ratio of 127.59%, supported by over 4,080 BTC in custody. Additionally, its Futures Insurance Fund surpassed $559 million in cumulative payouts.

    MEXC continued to expand its product offering, launching a new hybrid CEX–DEX platform called DEX+ and introducing an upgraded Launchpad system, which featured seven token sales in its first month. Participation exceeded 118,000 users, with several projects posting gains of 8–9x post-listing. The Airdrop+ initiative also scaled rapidly, with 146 campaigns launched and over 230,000 participants recorded.

    Strategic partnerships played a key role in Q2. A major collaboration with the TON blockchain included a $1 million campaign that generated $6.6 billion in trading volume and attracted over 110,000 participants. MEXC also hosted and participated in industry events across Dubai, Korea, and Monaco.

    Looking ahead, MEXC aims to deepen its focus on infrastructure, ecosystem growth, and security standards, as well as expand support for new user onboarding initiatives in underbanked regions. The company plans further product launches and community activations in Q3 and Q4.

    About MEXC

    Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto”. Serving over 40 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, frequent airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.

    MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC

    Photos accompanying this announcement are available at
    https://www.globenewswire.com/NewsRoom/AttachmentNg/8142f904-40f5-48fb-ad0d-b9a80ec0d3b4
    https://www.globenewswire.com/NewsRoom/AttachmentNg/b97b1513-060d-4796-8314-17ceab256b3d

    The MIL Network –

  • MIL-OSI: MoneyHero Group Regains Compliance with Nasdaq Minimum Bid Price Requirement

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, July 18, 2025 (GLOBE NEWSWIRE) — MoneyHero Limited (Nasdaq: MNY) (“MoneyHero” or the “Company”), a leading personal finance aggregation and comparison platform, as well as a digital insurance brokerage provider in Greater Southeast Asia, today announced that it has received a written notice (the “Compliance Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) dated July 17, 2025, informing the Company that it has regained compliance with the minimum bid price requirement set forth under the Nasdaq Listing Rule 5450(a)(1) (the “Minimum Bid Price Requirement”).

    As previously announced, the Company was notified by Nasdaq on April 7, 2025 that the Company was not in compliance with the Minimum Bid Price Requirement as the closing bid price of the Company’s ordinary shares was below US$1.00 per share for a period of 30 consecutive business days.

    According to the Compliance Notice, the Company regained compliance with the Minimum Bid Price Requirement because the closing bid price of the Company’s ordinary shares has been US$1.00 per share or greater for 10 consecutive business days, from July 2, 2025 to July 16, 2025, and the matter is now closed.

    About MoneyHero Group

    MoneyHero Limited (NASDAQ: MNY) is a leading personal finance aggregation and comparison platform, as well as a digital insurance brokerage provider in Greater Southeast Asia. The Company operates in Singapore, Hong Kong, Taiwan and the Philippines. Its brand portfolio includes B2C platforms MoneyHero, SingSaver, Money101, Moneymax and Seedly, as well as the B2B platform Creatory. The Company also retains an equity stake in Malaysian fintech company, Jirnexu Pte. Ltd., parent company of Jirnexu Sdn. Bhd., the operator of RinggitPlus, Malaysia’s largest operating B2C platform. MoneyHero had over 260 commercial partner relationships as at March 31, 2025, and had approximately 5.7 million Monthly Unique Users across its platform for the three months ended March 31, 2025. The Company’s backers include Peter Thiel—co-founder of PayPal, Palantir Technologies, and the Founders Fund—and Hong Kong businessman, Richard Li, the founder and chairman of Pacific Century Group. To learn more about MoneyHero and how the innovative fintech company is driving APAC’s digital economy, please visit www.MoneyHeroGroup.com.

    For inquiries, please contact:

    Investor Relations:
    MoneyHero IR Team
    IR@MoneyHeroGroup.com

    The MIL Network –

  • MIL-OSI: CICC successfully hosts the 3rd China–Southeast Asia Economic and Finance Forum in Singapore

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, July 18, 2025 (GLOBE NEWSWIRE) — On July 15, China International Capital Corporation Limited (CICC) successfully convened the 3rd China–Southeast Asia Economic and Finance Forum 2025. H.E. Cao Zhongming, Ambassador of China to Singapore graced the event as a keynote speaker. The forum brought together nearly 300 government officials, institutional investors, business leaders, and CICC representatives from across Asia. Held under the theme “The Great Rewiring: China–Southeast Asia Pivot in a Realigning Global Economy”, the forum served as a high-level platform for dialogue and collaboration on macroeconomic trends, regional investment opportunities, and cross-border capital flows between China and Southeast Asia.

    H.E. Cao Zhongming, Ambassador of China to Singapore, emphasized that China upholds the principle of openness and cooperation, and is committed to advancing globalization. He expressed that China looks forward to working closely with ASEAN under the vision of “amity, sincerity, mutual benefit, and inclusiveness”, which would deepen mutual benefits, and jointly promote regional prosperity as well as global development.

    In her opening speech, Liang Dongqing, Member of CICC’s Management Committee mentioned the theme of this year’s forum is inspired by the “great rewiring” of the global economy. Southeast Asia stands out as the most favoured destination for A-share listed manufacturing companies to go abroad, which highlights China and the region’s steadfast partnership and interdependence. Stephen Ng, Head of CICC Southeast Asia and South Asia and CEO of CICC Singapore addressed the audience that the annual forum has witnessed the evolution of connectivity between China and Southeast Asia—from its early beginnings three years ago to its rapid development today, which has significantly reshaped and strengthened regional economic ties.

    Other keynote speakers include Dr. Kai-Fu Lee, CEO of 01.AI and Chairman of Sinovation Ventures, who said that generative AI will also be a super productivity booster for the economy. Professor Bert Hofman of the East Asian Institute of the National University of Singapore highlighted that China’s continued investment in research and technology has effectively helped optimize its export structure. At the same time, two-way direct investment between China and ASEAN has continuously deepened.

    Throughout the day, the Forum featured keynote speeches and in-depth discussions across multiple panels and sub-forums. Guest speakers and experts shared insights on a broad spectrum of topics, including reconfiguring supply chains, emerging investment trends in China, the evolution of consumer markets, market strategy, the global expansion of AI, strategic asset allocation, exchange rate outlook, as well as synergy between Chinese innovation and Southeast Asia’s economic transformation, among others.

    The Forum served as a platform to further strengthen CICC’s presence in Southeast Asia and support the firm’s efforts to seize new opportunities arising from the deepening economic ties and growing capital flows between China and the region. Looking ahead, CICC will continue to expand its network and business activities across Southeast Asia, enhance its cooperation with local partners, and facilitate cross-border investment and capital market integration, while contributing to regional financial development.

    About CICC

    China International Capital Corporation Limited (CICC, 601995.SH, 3908.HK) was established in 1995. Our experience in professional services includes leading several prominent transactions, reflecting our close involvement in China’s economic reform and development. Our vision is to become a first-class investment bank with international competitiveness. As an investment bank with Chinese roots and international reach, CICC continues bringing first-class financial services through its extensive network and outstanding cross-border capability to help our clients accomplish their strategic development goals.

    The MIL Network –

  • MIL-OSI: Remittix Announces Imminent Launch of Ethereum-Based Crypto-to-Fiat PayFi Protocol, Unveils $250,000 Community Giveaway

    Source: GlobeNewswire (MIL-OSI)

    KOŠICE, Slovakia, July 18, 2025 (GLOBE NEWSWIRE) — Remittix, a next-generation PayFi protocol built on the Ethereum blockchain, today announced the imminent launch of its real-world crypto-to-fiat payment solution. The platform, which enables users to send crypto and settle in fiat across global bank accounts, mobile wallets, and payment rails, is set to go live in the coming weeks. In celebration of the upcoming launch, Remittix has also kicked off a $250,000 giveaway campaign to reward early supporters and build community engagement.

    The announcement comes amid heightened activity on the Ethereum network, with ETH trading at a five-month high of $3,350 and open interest rising sharply. Remittix leverages Ethereum’s smart contract infrastructure to enable near-instant cross-border settlements, with built-in compliance layers designed for regional licensing in Africa and Southeast Asia.

    “Cross-border remittance remains one of the most underserved areas in both traditional and decentralized finance,” said a spokesperson from Remittix. “We’re excited to roll out a solution that brings together speed, cost-efficiency, and real-world applicability while maintaining decentralization.”

    Key Highlights:

    • Launch-Ready Protocol: Real-time crypto-to-fiat conversion infrastructure developed on Ethereum.
    • Global Remittance Use Case: Supports fiat delivery to local banks and wallets across emerging markets.
    • Strong Investor Backing: Over $16.3 million raised and 550 million tokens sold to date.
    • Governance-Driven: Built with smart contracts supporting DAO-based upgrades and community input.
    • Launch Giveaway: A $250,000 prize pool is now live via Gleam.io to engage users ahead of the full rollout.

    The Remittix protocol is part of a growing trend in PayFi (Payment Finance), a new category in DeFi focused on merging blockchain innovation with traditional financial use cases. As Ethereum continues to evolve, solutions like Remittix are increasingly viewed as critical bridges between Web3 and everyday financial activity.

    Giveaway and Participation:

    To participate in the official Remittix $250,000 giveaway, users can visit: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
    More information on the project and presale details is available at https://remittix.io/

    Follow Remittix on social media: https://linktr.ee/remittix

    Contact:
    Andy Černý
    andy@remittix.io

    Disclaimer: This content is provided by Remittix. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/93c9e09c-2a89-4f2c-9778-cc596196c52b

    https://www.globenewswire.com/NewsRoom/AttachmentNg/6d6500b3-001c-4d9a-8d3e-569c6112e2d3

    https://www.globenewswire.com/NewsRoom/AttachmentNg/19574445-db94-4cc2-8c22-76718998ddcc

    The MIL Network –

  • MIL-OSI United Kingdom: UK, Philippines launch coalition to boost emerging market finance

    Source: United Kingdom – Executive Government & Departments

    World news story

    UK, Philippines launch coalition to boost emerging market finance

    The UK and the Philippines have partnered to launch a groundbreaking initiative to channel more global capital into emerging markets.

    The ‘EMDE Public Markets Coalition’ was unveiled at the 4th International Conference on Financing for Development (FFD4) in Seville this July, as part of a Sevilla Platform for Action Initiative on ‘Public Markets Mobilisation for Development. This initiative aims to redirect a portion of the $255 trillion flowing through listed equity and bond markets toward crucial development projects in emerging markets and developing economies. 

    With only a small fraction of global public market investments currently reaching emerging economies like the Philippines, even a modest shift could transform financing for climate resilience and sustainable development projects. The Coalition will develop a Toolkit to guide development banks, finance institutions, and investors in mobilizing climate and development investments in emerging markets through public markets. This will help direct more capital to the Philippines and and similar economies.

    The Government of the Philippines endorses the initiative, co-hosted its FFD4 launch event, and will play a key role in its implementation. The initiative will be co-implemented by the Government of Norway and the African Development Bank (AfDB). It has also received endorsement from the Governments of the Netherlands, New Zealand, Switzerland, the Inter-American Development Bank, the Asian Development Bank (ADB), the Organisation for Economic Co-operation and Development (OECD), British International Investment (BII) and the Centre for Development Finance Studies (CDFS). 

    Undersecretary Joven Balbosa of the Philippines’ Department of Finance said:

    The Philippines is proud to continue our partnership with the UK to mobilise finance toward sustainable development and climate action. Public markets are powerful vehicles for mobilisation, with both equity and debt financing proving crucial in meeting climate and development targets.

    The Rt Hon Baroness Chapman of Darlington, UK Minister for International Development, highlighted the coalition’s significance:

    We need to see a transformation in how the public and private sectors work together to mobilise capital to power development progress. Even a small shift in the way this money is invested could unlock massive change and new opportunities for investors, ensuring more countries, communities, and businesses have the finance they need to solve the most difficult development challenges.

    Commissioner McJill Bryant Fernandez of the Philippines’ Securities and Exchange Commission noted that:

    The launch of the EMDE Public Markets Coalition is a timely step toward mobilizing global capital for sustainable development. For the Philippines, improving market access and de-risking investments enable more Filipino enterprises to secure long-term financing for climate-smart growth. We hope to see more countries and partners join us in scaling this agenda to create transformative change across emerging markets.

    The initiative aligns with the UK Government’s Plan for Change, which aims to make Britain a clean energy superpower while helping partners, like the Philippines, build climate resilience. 

    British Ambassador to the Philippines Laure Beaufils highlighted the strong partnership between the UK and the Philippines:

    I am proud that the UK and Philippines have teamed up to show how public markets can boost financing for sustainable development projects, thereby driving quantifiable, lasting change. Together, we have shown that the public sector has a role to play in facilitating this, by creating robust ecosystems that enable more private capital to be redirected to sustainable investments.

    The UK’s MOBILIST programme, which provides capital and technical assistance to support companies in emerging markets to list on stock exchanges, serves as a foundation for the new coalition. This approach has already proven effective in channelling institutional investment toward development projects. In 2024, MOBILIST invested $12.5 million in the Initial Public Offering (IPO) of Citicore Renewables Energy Corporation, a renewable energy developer and operator of solar, hydro, and wind energy platforms in the Philippines. MOBILIST’s investment played a catalytic role in the IPO, which was valued at a total of $86 million and also attracted private institutional investors.

    Updates to this page

    Published 18 July 2025

    MIL OSI United Kingdom –

  • MIL-OSI China: China-Laos Railway doubles daily cross-border passenger services

    Source: People’s Republic of China – State Council News

    KUNMING, July 18 — China has doubled cross-border passenger train services between Kunming, capital city of southwest China’s Yunnan Province, and the Lao capital Vientiane on the China-Laos Railway starting Friday, according to China Railway Kunming Group Co., Ltd.

    The move added one more pair of trains for cross-border passenger services on the China-Laos Railway, with departures now available from both Kunming Railway Station and Kunming South Station, boosting connectivity between the two nations.

    The newly launched D86 train departs Kunming at 10:55 a.m. Beijing time, while the D84 service leaves Vientiane at 12:25 p.m. Beijing time. Both trains traverse 10 stations, with several stops in between, including Pu’er, Xishuangbanna and Mohan in Yunnan, and Boten, Muang Xay, Luang Prabang and Vang Vieng in Laos. The entire journey takes approximately 10 hours, including border clearance.

    Operating at speeds up to 160 km/h using the Fuxing bullet trains, the services feature dual-standard power sockets (Chinese and Lao) and trilingual passenger information (Chinese, Lao and English).

    Railway authorities from both nations will adjust future schedules based on demand and enhance cross-departmental coordination to optimize service quality.

    Since its inaugural cross-border service launch in April 2023, the railway has transported some 540,000 passengers from 115 countries and regions.

    MIL OSI China News –

  • MIL-OSI Asia-Pac: Operators sought for youth facilities

    Source: Hong Kong Information Services

    The Home & Youth Affairs Bureau today invited eligible non-profit-making organisations to apply to operate youth facilities at Sham Shui Po and at Youth Square in Chai Wan.

    The Sham Shui Po facilities are located at the Nam Cheong District Community Centre and the Tung Chau Street Temporary Market. Those in Chai Wan are located at the new interactive space on the 1/F and 4/F of Youth Square.

    It was announced in the 2024 Policy Address that the bureau would set up a physical platform for Youth Link members in the Nam Cheong District Community Centre and the adjacent Tung Chau Street Temporary Market. Facilities will include multifunction areas, a youth culture and creativity bazaar, and small-scale performance spaces.

    The goal is to provide a gathering place for ongoing interaction among Youth Link members and establish a base for the implementation of Youth Development Blueprint measures. This includes facilitating communication and collaboration among the Government, the Youth Development Commission and young people participating in various youth development programmes.

    Meanwhile, in order to strengthen support for young people, the bureau will convert part of Youth Square. This will provide a new interactive space for young people to gather, develop their potential and participate in different activities.

    In addition, the bureau will also roll out the “Good Stories of Hong Kong Youth Programme” by establishing a video studio at Youth Square for young people to produce video content promoting “good stories of Hong Kong youths”. Relevant training on video production will be provided.

    Operating organisations will be required to organise on-site events such as workshops, cultural performances, collaborative projects, seminars and youth-led initiatives. They will also be required to manage the facilities, including food and beverage corners.

    The deadline for applications is 5pm on August 19.

    MIL OSI Asia Pacific News –

  • MIL-OSI United Kingdom: UK, Philippines sign MOU for Transit Development

    Source: United Kingdom – Executive Government & Departments

    World news story

    UK, Philippines sign MOU for Transit Development

    A Memorandum of Understanding was signed to implement the Philippines’ first government-led Transit Oriented Development.

    From left: DepEd Secretary Sonny Angara, British Ambassador Laure Beaufils, and DOTr Secretary Vince Dizon sign MOU on new UK-PH partnership for the first government-led Transit Oriented Development.

    The British Embassy Manila, Philippine Department of Education (DepEd), and Philippine Department of Transportation (DOTr) signed a Memorandum of Understanding to implement the Philippines’ first government-led Transit Oriented Development (TOD).

    Supported by the UK Green Cities, Infrastructure, and Energy Programme, the partnership will bring together British and Filipino experts, including Crossrail International, to develop a TOD masterplan. This aims to transform DepEd’s ‘Education City’ into a climate-resilient hub, combining sustainable education facilities with efficient public transport connectivity.

    British Ambassador to the Philippines, Laure Beaufils, welcomed this partnership and reaffirmed the UK’s commitment to sustainable urban development.  She remarked:

    Today’s MOU marks an exciting milestone in the UK-Philippines partnership as we work together to create a masterplan for a vibrant transit oriented ‘Education City’ development.

    Ambassador Beaufils further stated:

    The UK is proud to bring British expertise and innovation to pioneer a TOD where people can live, learn, work, and thrive — connected by efficient transport systems, designed with people at their heart, and guided by principles of sustainability and resilience.

    At the signing, Department of Education Secretary Sonny Angara highlighted the importance of building accessible and sustainable education environments. Secretary Angara said:

    This partnership ensures that our learners and educators will also directly benefit from a well-planned, green, and safe environment that ultimately contributes to the public education objectives.

    Meanwhile, Department of Transportation Secretary Vince Dizon emphasised the project’s alignment with President Ferdinand Marcos Jr.’s directive to digitise and integrate the country’s transport systems. He stated:

    This MOU strengthens the DOTr’s commitment to build transport infrastructures that ease the burden of our commuters, including our young learners. This partnership marks a significant step forward realising a transport-oriented development that not only improves connectivity but also fosters sustainable communities.

    Drawing inspiration from Elizabeth Line in London, DepEd’s “Education City” will feature accessible transport systems, modern training facilities, teacher accommodation, and revenue-generating opportunities to fund classroom construction and education digitalisation.

    Updates to this page

    Published 18 July 2025

    MIL OSI United Kingdom –

  • MIL-OSI Europe: AFRICA/SUDAN – The fires of war will not kill learning for young Sudanese

    Source: Agenzia Fides – MIL OSI

    Friday, 18 July 2025

    Internet

    Khartoum (Agenzia Fides) – Prolonged conflict and mass displacement have denied young Sudanese even the most basic tools for self-development.The criticality also emerged on the occasion of the recently celebrated World Youth Skills Day under the theme “Youth Empowerment through AI and Digital Skills.” It was highlighted that millions of Sudanese youth remain cut off from education, vocational training, and digital access.Data released by the Norwegian Refugee Council (NRC) currently shows that over 17 million children in Sudan are currently out of school, representing 90 per cent of the country’s school-age population. Nationwide exams were suspended in 14 of Sudan’s 18 states due to insecurity, while schools have been bombed, looted, or repurposed as military bases. The NRC warns of a “lost generation” if education and skill-building do not resume at scale.Yet, amid displacement and limited infrastructure, Sudanese youth continue to seek learning pathways where they can. One of the most impactful examples is the UNITAR Rapid Assistance Programme for Sudan (2024–2025), a Japan-funded online training initiative designed to support displaced youths and women. Alongside UNITAR’s digital initiative, other institutions have focused on practical, location-based vocational training, the launch of two UNESCO, in partnership with the Italian Agency for Development Cooperation (AICS), vocational training centres in Port Sudan and Kassala in 2024. These centres prioritise youth with disabilities and displaced learners, offering training in trades and digital literacy, tailored to crisis conditions. The initiative responds to the urgent need for skills-based recovery and inclusion in underserved areas. Digital skills, though urgent, are largely inaccessible in much of Sudan due to limited connectivity, security risks, and economic instability. Nearly three out of four youth globally lack employability skills, and in Sudan, the gap is growing at an alarming rate. While various training programmes have emerged since the start of the conflict, their coverage remains limited relative to the scale of need. Access to vocational and digital skills development in Sudan continues to depend on factors such as security, displacement status, infrastructure, and available funding.In 2014, the United Nations General Assembly declared 15 July as World Youth Skills Day, to celebrate the strategic importance of equipping young people with skills for employment, decent work and entrepreneurship. (AP) (Agenzia Fides, 18/7/2025)
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    MIL OSI Europe News –

  • Varanasi to host youth spiritual summit for ‘Nasha Mukt Yuva for Viksit Bharat’ from July 19

    Source: Government of India

    Source: Government of India (4)

    The Ministry of Youth Affairs and Sports is set to launch a two-day Youth Spiritual Summit on the theme ‘Nasha Mukt Yuva for Viksit Bharat’ from July 19 at the Rudraksh Convention Centre in Varanasi. The summit aims to harness spiritual values and youth leadership in the fight against drug abuse, marking the beginning of a nationwide youth-led movement toward a drug-free India.

    More than 500 youth delegates representing over 100 spiritual and socio-cultural organisations from across the country are expected to attend the summit. 

    Set against the spiritual backdrop of the River Ganga, the event is designed to combine cultural engagement with policy dialogue, forming a collective resolve rooted in India’s traditions and moral heritage.

    The event will be attended by a host of dignitaries including Himachal Pradesh Governor Shiv Pratap Shukla; Union Ministers Dr. Mansukh Mandaviya, Gajendra Singh Shekhawat, and Dr. Virendra Kumar; Ministers of State Nityanand Rai and Raksha Nikhil Khadse; and senior officials from the Uttar Pradesh government, including ministers Girish Yadav, Asim Arun, and Nitin Agarwal.

    Structured as an immersive learning and leadership experience, the summit will include four plenary sessions addressing key areas: the psychological and social effects of addiction, strategies to dismantle drug supply networks, grassroots campaigning models, and the development of a roadmap for achieving a ‘Nasha Mukt Bharat’. These discussions will be supported by whiteboard forums, keynote addresses by experts, and action-oriented workshops that promote youth-led innovation.

    The event will culminate on July 20 with the release of the Kashi Declaration, a collective charter outlining the action plan to combat drug abuse through youth and spiritual collaboration. This declaration is expected to serve as a reference document for policymakers, civil society organisations, and grassroots youth networks engaged in de-addiction and rehabilitation efforts.

    The summit is aligned with the MY Bharat platform and will also mark the beginning of a broader Jan Andolan (people’s movement) against drug abuse. MY Bharat volunteers and affiliated youth clubs will take the lead in awareness campaigns, pledge drives, and community outreach efforts across towns, villages, and cities nationwide.

    Live updates and further information about the Youth Spiritual Summit will be available on the MY Bharat platform at [https://mybharat.gov.in](https://mybharat.gov.in).

  • Varanasi to host youth spiritual summit for ‘Nasha Mukt Yuva for Viksit Bharat’ from July 19

    Source: Government of India

    Source: Government of India (4)

    The Ministry of Youth Affairs and Sports is set to launch a two-day Youth Spiritual Summit on the theme ‘Nasha Mukt Yuva for Viksit Bharat’ from July 19 at the Rudraksh Convention Centre in Varanasi. The summit aims to harness spiritual values and youth leadership in the fight against drug abuse, marking the beginning of a nationwide youth-led movement toward a drug-free India.

    More than 500 youth delegates representing over 100 spiritual and socio-cultural organisations from across the country are expected to attend the summit. 

    Set against the spiritual backdrop of the River Ganga, the event is designed to combine cultural engagement with policy dialogue, forming a collective resolve rooted in India’s traditions and moral heritage.

    The event will be attended by a host of dignitaries including Himachal Pradesh Governor Shiv Pratap Shukla; Union Ministers Dr. Mansukh Mandaviya, Gajendra Singh Shekhawat, and Dr. Virendra Kumar; Ministers of State Nityanand Rai and Raksha Nikhil Khadse; and senior officials from the Uttar Pradesh government, including ministers Girish Yadav, Asim Arun, and Nitin Agarwal.

    Structured as an immersive learning and leadership experience, the summit will include four plenary sessions addressing key areas: the psychological and social effects of addiction, strategies to dismantle drug supply networks, grassroots campaigning models, and the development of a roadmap for achieving a ‘Nasha Mukt Bharat’. These discussions will be supported by whiteboard forums, keynote addresses by experts, and action-oriented workshops that promote youth-led innovation.

    The event will culminate on July 20 with the release of the Kashi Declaration, a collective charter outlining the action plan to combat drug abuse through youth and spiritual collaboration. This declaration is expected to serve as a reference document for policymakers, civil society organisations, and grassroots youth networks engaged in de-addiction and rehabilitation efforts.

    The summit is aligned with the MY Bharat platform and will also mark the beginning of a broader Jan Andolan (people’s movement) against drug abuse. MY Bharat volunteers and affiliated youth clubs will take the lead in awareness campaigns, pledge drives, and community outreach efforts across towns, villages, and cities nationwide.

    Live updates and further information about the Youth Spiritual Summit will be available on the MY Bharat platform at [https://mybharat.gov.in](https://mybharat.gov.in).

  • MIL-OSI Asia-Pac: Govt to strengthen jelly dessert rules

    Source: Hong Kong Information Services

    The Food & Drugs (Composition & Labelling) (Amendment) Regulation 2025, aimed at strengthening the regulation of pre-packaged konjac-containing jelly confectionery, was published in the Government Gazette today.

    The legislative amendments provide that sales of mini-cup konjac-containing jelly confectionery with a height or width not exceeding 45mm be prohibited. In addition, other konjac jelly products are to be labelled with warning statements about choking risks on their packaging.

    The Government highlighted that while konjac itself is a safe food additive, the smooth and slippery surface and firm texture of konjac jellies may pose a choking risk. It said this risk is particularly high for children and the elderly.

    The amended regulations will be tabled before the Legislative Council on July 23 for negative vetting. Once approved, the new requirements for prepackaged mini-cup konjac-containing jelly confectionery will take effect on April 1, 2026.

    The Centre for Food Safety will enhance education on choking prevention. This will include issuing letters to schools, organising seminars, and sharing information on social media.

    The centre will also arrange technical meetings with relevant businesses and issue user guidelines to facilitate understanding of and compliance with the new requirements.

    MIL OSI Asia Pacific News –