Category: Asia

  • MIL-OSI: RIBER: Solid Business Growth at End-September 2024

    Source: GlobeNewswire (MIL-OSI)

    SOLID BUSINESS GROWTH AT END-SEPTEMBER 2024

    • Revenues up +14% to €18.5m
    • Order book strengthened to €38.3m (+14%)

    Bezons, October 30, 2024 – 8:00am – RIBER, the global leader for molecular beam epitaxy (MBE) equipment serving the semiconductor industry, is reporting its revenues for the year to end-September 2024.

    Change in revenues

    €m 2024 2023 Change
    First quarter 4.5 3.7 +20 %
    Second quarter 9.3 8.5 +10 %
    Third quarter 4.7 4.0 +19 %
    Total 9-month revenues 18.5 16.2 +14 %
    At end-September (€m) 2024 2023 Change
    Systems 12.3 9.6 +28 %
    Services and accessories 6.2 6.6 -6 %
    Total 9-month revenues 18.5 16.2 +14 %

    At September 30, 2024, RIBER revenues amounted to €18.5m, up +14% compared with the same period in 2023, reflecting the company’s strengthened position in the MBE market for both research and industrial production.

    Systems revenues came to €12.3 m, up +28% with the delivery of 4 machines, compared with 5 machines in the first nine months of 2023.

    Revenues for services and accessories totaled €6.2 m, down 6% compared with the previous year.

    The geographical breakdown of revenues at end-September 2024 was as follows: Asia 68%, Europe 25% and North America 6%.

    Order book developments

    At end-September (€m) 2024 2023 Change
    Systems 31,9 27,6 +16%
    Services and accessories 6,4 6,1 +6%
    Total order book 38,3 33,6 +14%

    The systems order book came to €31.9m, up +16%, with a total of 13 systems, including 8 production machines. This figure does not include the order for a production system announced on October 21, 2024.

    The services and accessories order book reached €6.4m, up +6% from the previous year.

    As a result, at September 30, 2024, the total order book came to €38.3m, up +14% compared with the same period in 2023.

    Outlook

    Based on the fourth-quarter delivery schedule, RIBER expects to exceed €40m in full-year revenues, along with further improvements in earnings.

    Against a favorable backdrop of growth in the compound semiconductor market, new orders should continue to be booked before the end of the year.

    Next date: 2024 full-year revenues will be released on Wednesday January 29, 2025 (before start of trading).

    About RIBER

    Founded in 1964, RIBER is the global market leader for MBE – molecular beam epitaxy – equipment. It designs and produces equipment for the semiconductor industry, and provides scientific and technical support for its clients (hardware and software), maintaining their equipment and optimizing their performance and output levels.
    Accelerating the performance of electronics, RIBER’s equipment performs an essential role in the development of advanced semiconductor systems that are used in numerous applications, from information technologies to photonics (lasers, sensors, etc.), 5G telecommunications networks and research, including quantum computing.

    RIBER is a BPI France-approved innovative company and is listed on the Euronext Growth Paris market (ISIN: FR0000075954).
    www.riber.com

    Contacts

    RIBER : Annie Geoffroy| tel: +33 (0)1 39 96 65 00 | invest@riber.com

    CALYPTUS : Cyril Combe | tel: +33 (0)1 53 65 68 68 | cyril.combe@calyptus.net

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    The MIL Network

  • MIL-OSI Asia-Pac: LCQ2: Development of private museums

    Source: Hong Kong Government special administrative region

    LCQ2: Development of private museums
    LCQ2: Development of private museums
    ************************************

         ​Following is a question by the Hon Ma Fung-kwok and a reply by the Acting Secretary for Culture, Sports and Tourism, Mr Raistlin Lau, in the Legislative Council today (October 30): Question:      In the National 14th Five-Year Plan, the country has expressed unequivocal support for developing Hong Kong into an East-meets-West centre for international cultural exchange. It is learnt that while private museums are recognised as facilitating the preservation of arts and culture and are booming in many places across the globe, the development of private museums in Hong Kong has all along been constrained by the lack of suitable venues, high maintenance costs, as well as the lack of government support, accreditation, promotion and publicity, etc, some private museums have even ceased operations as a result. In this connection, will the Government inform this Council: (1) whether it knows the number of private museums and their operating conditions in the past three years, including the ratio of fee-charging to free admission, attendances, the ratio of those on the promotion list of the Government or the relevant organisations, as well as the number of private museums facing operating difficulties; whether any applications to operate a private museum have been rejected; (2) among the existing private museums, of the number of those which have received support (including one-off or regular funding) from the Government or the relevant organisations; whether any requests for support by a museum have been rejected by the Government, and of the purpose for which support was requested; and (3) whether it has plans to introduce an accreditation scheme for private museums or extend the scope of application of the Museums Regulation to cover private museums and to centralise the promotion of local museums, so as to enrich the contents of Hong Kong’s tourism in arts and culture, and facilitate the development of Hong Kong into an East-meets-West centre for international cultural exchange? Reply: President,      Museums are an important part of cultural inheritance and dissemination. The Government has been committed to supporting the development of cultural software in Hong Kong through public museums. Currently, 15 museums and two art spaces are managed by the Leisure and Cultural Services Department (LCSD) in accordance with the Public Health and Municipal Services Ordinance (Chapter 132), each with different focuses and themes, covering the three major areas of art, history and science, bringing different cultural experiences to citizens and tourists. The LCSD continues to invest a lot of resources in improving the facilities and enriching the content of its museums. The renovation of the Hong Kong Museum of Art in recent years is an important example.           The current-term Government is committed to fostering cultural development with a view to developing Hong Kong into an East-meets-West centre for international cultural exchange, and has announced that the number of museums under the LCSD will be further increased to continue to enrich Hong Kong’s cultural landscape and bring new impetus to cultural development to meet the general public’s demand for museums. From the cultural policy perspective, in addition to operating and developing public museums, the Government also welcomes the establishment of private museums by individuals or organisations to complement with public museums, which is conducive to the diversified development of the cultural ecology of Hong Kong. The LCSD museums have detailed plans from planning, construction to operation to achieve the Government’s public policy mission, while private museums have higher development autonomy, fewer restrictions, and can also be operated in a more commercial manner. Therefore, when the Government considers supporting private museums and formulating related policies, it must take into account the overall resource allocation and evaluate relative priorities of projects to avoid unnecessary pressure on public funds. Having regard to the uniqueness on the history, theme, scale, operating mode, and financial situation of individual museums, the Government currently does not have plans to formulate a set of standard mechanisms to support the operation of private museums, however, if resources permit, we will consider providing different forms of support to the operation of individual private museums, based on the Government’s policy objectives, expectations of society, and the actual situation of individual museums.      In consultation with relevant bureaux/departments, my reply to the question raised by the Hon Ma Fung-kwok is as follows: (1) and (2) The Government does not maintain data on the number and operating conditions of private museums. As far as we know, there are dozens of private museums in Hong Kong, covering different themes such as culture, arts, history, folklore and education. Currently, the Hong Kong Maritime Museum (HKMM) is the only private museum subvented by the Government. It rents Central Pier No. 8 at nominal rent and receives Government subvention to support its operation. The HKMM recorded approximately 66 100, 52 800 and 106 200 visitors respectively in the last three financial years (i.e. April 1, 2021 to March 31, 2024), among which free visitors account for about 30 per cent, mainly school tour groups.      In addition to subvention, the Government welcomes organisations interested in operating museums to apply for subsidy for cultural, arts projects or activities, such as the Springboard Grants and the Project Grants under the Arts Capacity Development Funding Scheme managed by the Culture, Sports and Tourism Bureau (CSTB), the Project Grant and Matching Fund Scheme from Hong Kong Arts Development Council (HKADC) and the Lord Wilson Heritage Trust, to support the museum’s operations or to organise events. For example, the HKADC provided funding to a private museum’s training programme in 2023.           Non-government organisations and social enterprises, if interested in operating a private museum on vacant government land, can submit an application for “Use of Vacant Government Land for Community, Institutional or Non-Profit Making Purposes on Short Term Basis”. The Government will consider whether to grant the short term tenancy at nominal rent in accordance with policy objectives and established assessment criteria. In 2024, the CSTB provided policy support at nominal rent for two short-term tenancy applications for the use of private museums. These two applications are currently being considered together with other applications by relevant departments.           Private museums may also consider participating in the global network of the International Council of Museums (ICOM) by referring to and adhering to the professional and ethical standards established by the ICOM, thereby improving the quality of their museums to attract more visitors and gain more chances of mutual support and collaboration with other museums. The ICOM, established in 1946, is an international organisation of museums and museum professionals committed to the conservation, continuation and communication to society of the world’s natural and cultural heritage. The major museums under the LCSD are members of the ICOM. Non-governmental cultural and museum organisations including the West Kowloon Cultural District Authority, the HKMM, the Art Museum of the Chinese University of Hong Kong, the University Museum and Art Gallery of the University of Hong Kong and MILL6 Foundation are also members of the Council. (3) As mentioned above, the Government encourages the diversified development of Hong Kong’s cultural ecology and currently has no plans to launch a private museum certification system or regulate the operation of private museums through legislation. Nonetheless, the LCSD museums have been collaborating with other local museums from time to time, and promoting these museums through different platforms and channels. One of the most obvious examples is the Muse Fest HK organised by the LCSD every year since 2015, inviting different local museums and cultural institutions to become partners, allowing citizens and tourists to visit different museums in the city and experience Hong Kong’s rich and unique culture, history and artistic diversity. In addition, the LCSD museums and private museums also from time to time lend collections to each other or collaborate in organising various activities, including exhibitions, lectures and seminars.      In addition, the Hong Kong Tourism Board (HKTB) has been promoting unique museums, including public and private museums and related activities to tourists through its website (discoverhongkong.com), social platforms and tourist information centres, etc, such as M+, Hong Kong Palace Museum, Hong Kong Museum of Medical Sciences and Hong Kong News-Expo. The HKTB also introduces Hong Kong’s museums through social media. For example, it has collaborated with the Mainland social media Xiaohongshu to launch the Hong Kong Citywalk Guide, which introduces five unique Citywalk routes for roaming around Hong Kong, including the Museum Walk route.

     
    Ends/Wednesday, October 30, 2024Issued at HKT 15:11

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    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Speech by SITI at Green Tech Summit 2024 (English only) (with photo)

    Source: Hong Kong Government special administrative region

    Speech by SITI at Green Tech Summit 2024 (English only) (with photo)
    Speech by SITI at Green Tech Summit 2024 (English only) (with photo)
    ********************************************************************

         Following is the speech by the Secretary for Innovation, Technology and Industry, Professor Sun Dong, at the Hong Kong Green Tech Summit 2024 today (October 30): Alice Chow (President of Stanford GSB Hong Kong Alumni Club), Jason Tu (Founder and CEO of MioTech), and participants of the Hong Kong Green Tech Summit 2024,      I am delighted to join you today at this important occasion, the first ever Hong Kong Green Tech Summit 2024 – The Tech Afternoon, where leading experts, policymakers, and innovators gather to discuss and explore the latest advancements in innovation and technology (I&T), with a focus on green technology and sustainable practices.        In the face of intensifying climate change challenges, promoting green transformation to achieve sustainable development is a crucial issue for countries worldwide. Hong Kong has pooled together numerous green tech enterprises and talent, giving it a significant advantage in fostering the development of green tech. There are more than 250 green-technology companies now in the two I&T flagships in Hong Kong, i.e. the Hong Kong Science Park and Cyberport, with some equipped with globally competitive technologies and having successfully tapped into Mainland and overseas markets. This also enables Hong Kong to contribute its strengths to addressing global climate issues. Green tech plays a vital role in supporting the reduction of carbon emissions and environmental protection, serving as a key engine for accelerating green transformation. Promoting the development of green tech is a long-term and challenging task. Throughout this process, stakeholders from various fields collaborate across sectors to identify pain points and needs in the low-carbon transition of different industries. They jointly develop and refine solutions, and support and promote applications, aiming to balance environmental protection and societal needs while driving economic development.      Under the National 14th Five-Year Plan, Hong Kong is positioned to be an international I&T centre. The Hong Kong SAR Government has been attaching much importance to enhancing the I&T ecosystem in Hong Kong by rolling out various initiatives in recent years, and I am pleased to share with you that Hong Kong ranked first in Asia and third globally among the world’s top 100 emerging ecosystems in the Global Startup Ecosystem Report 2024. We also ranked second worldwide in the “Technology” Factor and 10th overall in the World Digital Competitiveness Ranking 2023 published by the International Institute for Management Development.       In fact, Hong Kong has robust capability in basic research and development (R&D). Our city is the only one in Asia with five of the world’s top 100 universities. In addition, the level of internationalisation among our I&T talent is world-leading, with four of our universities ranked among the world’s top 10 most international universities. These, coupled with our robust intellectual property protection regime, could help pool global innovation resources to Hong Kong.      To support the development of various I&T industries, including green tech, the Government has been proactively enhancing Hong Kong’s I&T ecosystem, which hinges on the comprehensive development of and positive interaction among the upstream, midstream and downstream sectors. To this end, the Government has been actively promoting interactive development of the upstream, midstream and downstream sectors.      To further promote upstream basic R&D, we endeavour to consolidate Hong Kong’s R&D strengths and strengthen universities’ capacity for breakthrough researches. The Government has been implementing different initiatives to fund R&D projects, including those on green technologies. For example, the Green Tech Fund provides focused funding support to R&D projects that can help Hong Kong decarbonise and enhance environmental protection. In addition, the I&T Fund provides funding to R&D projects in various technology areas, including green tech.      The R&D Centres established by the Government have been carrying out R&D work in different areas, including green tech. For example, one of the centres developed a new generation of materials incorporating plant stems into biodegradable plastics, which could aid the production of eco-friendly products at a competitive cost.      To support the transformation and realisation of the R&D outcomes in the midstream, we launched the $10 billion Research, Academic and Industry Sectors One-plus Scheme (RAISe+) last year, to fund, on a matching basis, research teams from universities with good potential to become successful start-ups to transform and commercialise their R&D outcomes. We welcome investors around the world to explore collaboration opportunities with the universities in Hong Kong and invest in their RAISe+ projects.      As for the promotion of downstream development of new industrialisation, we have launched the $10 billion New Industrialisation Acceleration Scheme this year to provide funding support for enterprises in industries of strategic importance to set up new smart production facilities in Hong Kong. Such industries include life and health technology, along with AI and data science, advanced manufacturing and new energy technology industries, etc. To further support our tech enterprises, the Government introduced enhancement measures to the New Industrialisation Funding Scheme to encourage local manufacturers to switch to smart manufacturing. The scheme benefits enterprises to, among others, upgrade and transform by adopting green technology.      In addition, to give further impetus to the promotion of new industrialisation, the Chief Executive has announced in his 2024 Policy Address (PA) that a $10 billion I&T Industry-Oriented Fund will be set up to form a fund-of-funds to channel more market capital to invest in specified emerging and future industries of strategic importance.      Hong Kong’s two I&T flagships, the Hong Kong Science and Technology Parks Corporation and Cyberport, have been providing technology start-ups with incubation programmes and one-stop support services. These I&T parks have nurtured a group of passionate and high-quality green tech companies. The 2024 PA also announced the launch of the I&T Accelerator Pilot Scheme with a funding allocation of $180 million at a one-to-two matching ratio between the Government and the institution, up to a subsidy ceiling of $30 million, with an aim to attract professional start-up service providers with proven track records in and beyond Hong Kong to set up accelerator bases in Hong Kong.      Ladies and gentlemen, Hong Kong is fully committed to positioning as an international I&T centre. I would like to express my sincere appreciation to the Stanford GSB Hong Kong Alumni Club and MioTech for hosting this meaningful event. I encourage all participants to engage in meaningful discussions, share best practices, and forge collaborations that will drive real change. Together, let us embrace the opportunities before us and solidify Hong Kong’s position as a global leader in green tech.      Thank you.

     
    Ends/Wednesday, October 30, 2024Issued at HKT 15:15

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    MIL OSI Asia Pacific News

  • MIL-OSI Economics: Q&A: Innovative Finance Facility for Climate in Asia and the Pacific (IF-CAP)

    Source: Asia Development Bank

    • Workers walking by a solar power plant in Kazakhstan

    Article | 30 October 2024
    Read time: 6 mins

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    What is IF-CAP?

      The Innovative Finance Facility for Climate in Asia and the Pacific, or IF-CAP, is a multi-donor financing partnership facility with the goal of scaling-up finance for accelerated action against climate change in Asia and the Pacific. IF-CAP partners will provide guarantees for parts of ADB’s sovereign loan portfolios to enable ADB to free up capital to increase lending for climate investments. Supplementary grants will facilitate project preparation, capacity building, and knowledge solutions.

    Why is IF-CAP being formed?

    The battle against climate change will be won or lost in Asia and the Pacific. And our region is uniquely vulnerable to the impacts. More than 40% of climate-related disasters occurred in Asia and the Pacific since the start of the century, affecting nearly 3.6 billion people. ADB estimates that $1.7 trillion per year will need to be invested in infrastructure in developing Asia between 2016-2030 to meet both climate and development goals. The Intergovernmental Panel for Climate Change (IPCC) says the year 2030 is a significant crossroad after which it will become considerably harder to meet climate targets.

    As Asia and the Pacific’s climate bank, the Asian Development Bank is spearheading significant climate change financing and expertise across the region.   IF-CAP is the first leveraged guarantee mechanism for climate finance to ever be adopted by a multilateral development bank. It is inspired by the International Finance Facility for Education (IFFEd), which aims to use innovative financing to unlock new education funding in low-and middle-income countries.

    What will IF-CAP do?

    IF-CAP will allow ADB to significantly increase climate finance for investments that are aligned with the Paris Agreement and other key ADB policies, including the forthcoming Climate Change Action Plan.

      With a model of “$1 in, $4.5 out”, IF-CAP’s current guarantee size of $2.5 billion will create over $11 billion in climate finance for much-needed climate projects across Asia and the Pacific. Alongside lending facilitated by IF-CAP, ADB will provide up to $1 billion in concessional ordinary capital resources lending (COL) from its own resources, in support of projects enabled by IF-CAP’s guarantee structure. In total, resources aligned with IF-CAP amount to over $12 billion.

    IF-CAP enabled projects will address both climate change mitigation, which focuses on reducing greenhouse gas emissions, and climate change adaptation, which focuses on building resilience to the worsening effects of climate change. These investments could cover a wide range of sectors, such as transportation, energy, urban, and agriculture and natural resources, as well as social sectors such as health and education, for projects with high climate impacts.

    What will IF-CAP not do?

    IF-CAP will not support new or existing fossil fuel-based electricity generation facilities or dedicated transmission, or any new or existing natural gas-related projects. Climate finance enabled by IF-CAP will not be used towards early retirement or repurposing of fossil fuel fired power plants.

    • Developing Asia’s share of global greenhouse gas emissions nearly doubled, from 22% in 1990 to 44% in 2019 and is expected to remain at this level until mid-century under current policies.

    • Asia and the Pacific can only realize its climate goals if it pursues a transition away from coal-based energy in the near term.

    How does the leverage mechanism work?

    The program is based on the use of financial guarantees from our partners. By guaranteeing a portfolio of ADB sovereign loans on a first-loss basis, they will help shoulder some of the loss in case of a default by one of our borrowers included in our portfolio.

    This is a groundbreaking arrangement because IF-CAP’s portfolio guarantee enables ADB to optimize the usage of our balance sheet, supported by the strength of our triple-A credit ratings and preferred creditor status. This allows ADB to reduce the capital held for credit risk and release more capital for climate loans. Every dollar of guarantee into IF-CAP will result in the capacity to provide more climate finance for eligible projects. Simulations show that for every $1 that is guaranteed, $4.5 of climate finance could be generated. That is a fundamental shift from the traditional “one dollar in, one dollar out” facilities at MDBs, because of IF-CAP’s leverage effect.

    Who are the partners supporting IF-CAP?

    IF-CAP’s founding partners are Denmark, Japan, Norway, Republic of Korea, Sweden, the United Kingdom, and the United States. In 2023, the Global Energy Alliance for People and Planet established a trust fund under the IF-CAP Financing Partnership Facility.

    What sovereign portfolios will their guarantees cover?

    IF-CAP will cover a dynamic and diversified reference portfolio consisting of ADB’s exposures to a board spectrum of developing member countries, which have been identified to achieve the desired leverage based on the risk appetite of the partners.

    Which countries are eligible for IF-CAP financing?

    All ADB’s developing member countries (DMCs) are eligible. Individual financing partners may exercise discretion for certain projects based on their policies and priorities.

    Will IF-CAP differ from ADB’s regular climate financing?

    Functionally, there will be no difference. IF-CAP’s role will be to enable ADB to approve climate financing more quickly and at a higher volume.

    What are the benefits of IF-CAP?

    For DMCs, IF-CAP can help them advance operations with high climate ambition that are currently not in their pipeline, increase climate finance components of existing pipeline projects, and enable greater visibility and demonstration effects for projects including those with innovative components or high climate impact.

    For IF-CAP partners, it can enable them to make a greater impact through a leveraged guarantee mechanism not offered by other financing partnership facilities, providing them with an effective and efficient way to fight climate change in support of their national commitments.

    For ADB, IF-CAP is an innovative method to optimize our balance sheet, unlock capital resources, and increase our lending capacity by over $11 billion so we can make more resources available for critical climate projects in Asia and the Pacific.

    Will IF-CAP contribute to ADB’s ambition of $100 billion climate financing for 2019-2030?

    IF-CAP will be one of the flagship instruments to enable ADB to reach its climate finance target beyond $100 billion and support our target for climate finance to reach 50% of the total committed financing volume by 2030.

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    MIL OSI Economics

  • MIL-OSI Asia-Pac: LCQ11: Supply of hostel places of post-secondary institutions

    Source: Hong Kong Government special administrative region

         â€‹Following is a question by the Hon Benson Luk and a written reply by the Secretary for Education, Dr Choi Yuk-lin, in the Legislative Council today (October 30):
     
    Question:
     
         The Third Plenary Session of the 20th Central Committee of the Communist Party of China (the CPC Central Committee) adopted the Resolution of the CPC Central Committee on Further Deepening Reform Comprehensively to Advance Chinese Modernization, in which support for Hong Kong’s position to become an international hub for high-calibre talents was stated. Moreover, last year’s Policy Address proposed to build Hong Kong into an international hub for post-secondary education by increasing the admission quota of non-local students to Government-funded post-secondary institutions. According to a recent report published by an organisation, it was envisaged that by 2028, the shortfall in hostel places for students of local post-secondary institutions would further increase to some 120 000. In this connection, will the Government inform this Council:
     
    (1) whether it has projected and compiled statistics on the respective (i) numbers, (ii) proportions and (iii) hostel application proportions of local and non-local students in post-secondary institutions in the coming five years; given that the Government has, starting from the current academic year, increased the admission quota of non-local students to Government-funded post-secondary institutions to 40 per cent, of the current nationality distribution of the non-local students;
     
    (2) whether it knows (i) the respective proportions of local and non-local students in post-secondary institutions who were successfully allocated with hostel places upon application and (ii) their terms of hostel residence in the past 10 years; whether various post-secondary institutions have set a limit on the term of hostel residence; if a limit has been set, of the details (set out in a table), and whether the Government has plans to extend the term of hostel residence for students;
     
    (3) given that the Government established in 2018 the Hostel Development Fund with some $10.3 billion to provide six University Grants Committee-funded universities with an additional 13 473 hostel places, whether it has compiled statistics on the current number of hostel places provided by universities across the territory; of the Government’s projected growth in the supply of university hostel places in the coming five years, and the shortfall in hostel places when set against students’ demand for accommodation; whether it will consider injecting funds into the Fund again in the future; if so, of the details; if not, the reasons for that;
     
    (4) whether it will study allocating idle lands in the vicinity to the post-secondary institutions concerned for the construction of academic buildings or hostels, or consider relaxing the plot ratio of land adjacent to universities in rural areas to allow for greater flexibility in university expansion; if so, of the details; if not, the reasons for that; and
     
    (5) given that as indicated in the paper submitted by the Government to the Subcommittee on Matters Relating to the Development of the Northern Metropolis of this Council in April this year, 19 post-secondary institutions had participated in the engagement activity of the Northern Metropolis University Town (NMUT) and submitted proposals, whether the Government has estimated the number of post-secondary institutions that can be accommodated by the NMUT, and whether sites have been reserved for hostel purposes; if so, of the expected number of hostel places to be provided; if not, the reasons for that?
     
    Reply:
     
    President,
     
         The 2023 Policy Address stated building Hong Kong into an international post-secondary education hub and a cradle of future talents. The 2024 Policy Address also announced further measures to nurture future talents and to create the “Study in Hong Kong” brand. At the same time, the Government will set up the Committee on Education, Technology and Talents to be chaired by the Chief Secretary for Administration. The Committee will co-ordinate and promote the integrated development of education, science and technology and talent, so as to enhance convergence and coherence and formulate policies to promote the synergistic development of nurturing talents, gathering talents and science and technology, as well as to facilitating international high-calibre talents to stay in Hong Kong. Developing Hong Kong into an international post-secondary education hub is also one of the three major strategies. My reply to the various parts of the Hon Benson Luk’s question is as follows:
     
    (1) The enrolment ceiling of non-local students in University Grants Committee (UGC)-funded taught programmes has been doubled from a level equivalent to 20 per cent of local student places in the 2023/24 academic year (AY) to 40 per cent with effect from the 2024/25 AY. There are no restrictions on research postgraduate programmes. It is important to note that all non-local students pursuing UGC-funded taught programmes do not receive public funding, and the number of such non-local students is accounted for separately from local student places. This ensures that the study opportunities for local students will not be affected.
     
         In the 2023/24 AY, the total number of local students pursuing full-time locally-accredited publicly-funded and self-financing programmes was about 158 300, whereas there were about 64 200 non-local students. As far as UGC-funded taught programmes (i.e. undergraduate, sub-degree and taught post-graduate programmes) are concerned, the actual number of non-local students was about 14 900 while that of local students was about 76 400; the proportion of non-local students was about 19 per cent. The non-local students come from over 100 places of origin. In the 2023/24 AY, the numbers of students by study levels and by places of origin are tabulated below:
     

    Programme types
    Numbers of students

    Places of origin
    Grand total

    Local
    Non-local

    Mainland China
    Other non-local
    Total

    UGC-funded taught programmes
    76 359
    10 450
    4 419
    14 869
    91 228

    UGC-funded research post-graduate programmes
    1 373
    7 372
    813
    8 185
    9 558

    Non-UGC-funded taught programmes
    79 870
    34 410
    822
    35 232
    115 102

    Non-UGC-funded research postgraduate programmes
    654
    5 561
    397
    5 958
    6 612

    Grand Total
    158 256
    57 793
    6 451
    64 244
    222 500

    Note: If research postgraduate students are financed by the UGC-funded universities using both UGC and external funds, they will be counted towards different sources on a pro-rata basis. Figures may not add up to the corresponding totals due to rounding.
     
         As for student hostels, the relative proportion of applications from local students and non-local students of the UGC-funded universities at the beginning of the 2023/24 AY is 55 per cent and 45 per cent respectively. Looking ahead, we envisage that universities will continue to take into account their capacity in promoting the advantages of our higher education sector around the world using the “Study in Hong Kong” brand, with a view to gradually admitting more non-local students to study in Hong Kong. Self-financing programmes will also flourish. As our post-secondary education sector in Hong Kong continues to enhance quality and expand capacity, the corresponding demand for student hostels will increase. We are delighted to explore flexible and innovative ways with the institutions and different stakeholders to increase the supply of student hostels.
     
    (2) Based on the data provided by the UGC-funded universities, the success rate of local students and non-local students in hostel applications in the past ten AYs (2014/15 to 2023/24 AY) is at Annex. We do not maintain information on the terms of residence of local students and non-local students.
     
         The specific arrangements for hostel allocation are formulated by the UGC-funded universities and there is generally no upper limit set for the terms of residence. The universities are encouraged to reflect the priorities of different groups of students for hostel accommodation in the allocation mechanism, having regard to the practical needs and educational benefits, while maintaining suitable flexibility to ensure that resources of student hostels are utilised properly.
     
    (3) and (4) Under the Hostel Development Fund (HDF), the UGC-funded universities are provided with a capital grant covering up to 75 per cent of the construction costs for 15 student hostel projects to provide a total of about 13 500 additional hostel places, with a target for gradual completion by 2027. Based on the data provided by the UGC-funded universities, the total number of hostel places (including publicly-funded, privately-funded and temporary hostel places) available for allocation in September 2023 was around 37 600. Taking into account the future supply from the projects under HDF, the number of hostel places will gradually increase to around 50 000 in the coming few years, to cater for the needs of students, including those arising from the additional intake.
     
         Under the prevailing mechanism, the universities may apply to the Government for granting additional sites for campus expansion if they have strong justifications and specific proposals, which will then be considered by the bureaux and departments concerned from relevant perspectives such as policy, resources, practical circumstances, planning and land administration, etc. The universities could also as necessary apply for a relaxation of development parameters for the proposed sites, including building height restrictions and plot ratios, etc, which will be processed in accordance with the statutory procedures and established arrangements by the Town Planning Board and relevant departments.
     
         To improve hostel facilities, the Chief Executive announced in the 2024 Policy Address that the Government would launch a pilot scheme to streamline the processing of applications in relation to planning, lands and building plans, so as to encourage the market to convert hotels and other commercial buildings into student hostels on a self-financing and privately-funded basis, increasing the supply of student hostels. The Government will also make available suitable sites for the private sector to build new hostels, having regard to market demand. The Development Projects Facilitation Office under the Development Bureau will provide one-stop advisory and facilitation services for these projects.
     
    (5) The Government has earmarked over 80 hectares of land in the Northern Metropolis for the Northern Metropolis University Town (NMUT), and will encourage local post-secondary institutions to introduce more branded programmes, research collaboration and exchange projects with renowned Mainland and overseas institutions in a flexible and innovative manner. We will retain flexibility in the planning process to facilitate the development of student hostels.
     
         Relevant Government departments are still discussing the site planning of the NMUT at this stage. We plan to publish the Northern Metropolis University Town Development Conceptual Framework in the first half of 2026.

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: LCQ10: Electronic Tax Reserve Certificates Scheme

    Source: Hong Kong Government special administrative region

         Following is a question by the Hon Chan Yuet-ming and a written reply by the Secretary for Financial Services and the Treasury, Mr Christopher Hui, in the Legislative Council today (October 30):
     
    Question:
     
         The Inland Revenue Department has implemented the Tax Reserve Certificates system for many years to help taxpayers save up and earn interest for tax payment, and introduced the Electronic Tax Reserve Certificates Scheme (the Scheme) in 1999. In this connection, will the Government inform this Council:
     
    (1) of the effectiveness of the Scheme at present, and set out in a table (i) the total amount of sales, (ii) the number of purchasers, (iii) the amount of sales per capita, (iv) the distribution of sales by age groups, and (v) the amount of redemptions under the Scheme in each of the past five years;
     
    (2) as there are views that, under the influence of external factors, the time deposit rates of banks in Hong Kong are still at a high level, whether the Government has assessed if such a situation will affect the sale of the Scheme; and
     
    (3) as the latest per annum interest rate announced in the Tax Reserve Certificates (Rate of Interest) (Consolidation) Notice has been changed from the previous rate of 0.8833 per cent to 0.8 per cent, and the Scheme will earn interest for a period of 36 months only, its return is much lower than that of the time deposit schemes of banks in Hong Kong in recent years as well as that of other medium and low-risk wealth management products, whether the Government will conduct a review of the contents of the Scheme or step up the publicity work, so as to enhance the effectiveness of the Scheme?
     
    Reply:
     
    President,
     
         At present, the Inland Revenue Department (IRD) issues two types of Tax Reserve Certificate (TRCs), namely ordinary TRCs that are purchased by taxpayers who wish to prepare for tax payment in future, and TRCs for “Conditional Standover Order” (“conditional TRCs”) that the Commissioner of Inland Revenue requires taxpayers who have objected to their tax assessments to purchase in order to cover the total amount or part of the tax in dispute. An ordinary TRC will bear the interest rate prevailing at the date of purchase and will earn interest only when the holder pays for the tax. For a conditional TRC, interest is payable from the date of its issue to the date of final determination of the objection or appeal. The interest rate is calculated based on the rates in force from time to time over the tenure of the TRC. Upon final determination of the objection to or appeal against the tax assessment, IRD will pay the interest on the part of the capital sum eventually repaid to the taxpayer.
     
         The interest rate on TRCs is reviewed every month based on the average of the prevailing interest rate for the twelve-month time deposits for $100,000 to $499,999 offered by the three note-issuing banks. With effect from October 7, 2024, the interest rate on TRCs is 0.8 per cent per annum and applies to all ordinary TRCs issued on or after the above date until further notice.
     
         IRD has launched the Electronic TRCs Scheme since 1999 to replace paper version of ordinary TRCs and provide TRC users with a full range of electronic services, including a variety of electronic channels for purchasing TRCs (monthly bank autopay, telephone, internet and ATM), auto tax payment service, etc. The objective of the Electronic TRCs Scheme is to facilitate the purchase of TRCs by taxpayers and increase the flexibility by allowing them to choose the time, method of buying TRCs, etc. Users of the Electronic TRCs Scheme may also enjoy auto tax payment service to ensure that tax payments are always made on time and avoid any late payment penalty.
     
         My reply to Hon Chan Yuet-ming’s question is as follows:
     
    (1) Since a taxpayer may purchase more than one TRC in each financial year, IRD does not maintain record on the number of purchasers of TRCs, average amount of each purchaser and the age profile of purchasers. The total sales amount, number of certificates sold, average amount per certificate and the total redemption amount of ordinary TRCs for the last five financial years are tabulated below:
     
    Table 1

    Year
    Total sales amount
    ($’000)
    No. of certificates sold
    Average amount per certificate
    ($)
    Total redemption amount
    ($’000)

    2019-20
    467,041
    86 766
    5,383
    461,016

    2020-21
    452,352
    89 944
    5,029
    443,812

    2021-22
    430,415
    84 122
    5,117
    466,587

    2022-23
    423,404
    80 951
    5,230
    448,218

    2023-24
    409,765
    79 672
    5,143
    416,804

     
         The total sales amount, number of certificates sold, average amount per certificate and the total redemption amount of conditional TRCs for the last five financial years are tabulated below:
     
    Table 2

    Year
    Total sales amount
    ($’000)
    No. of certificates sold
    Average amount per certificate
    ($)
    Total redemption amount
    ($’000)

    2019-20
    2,514,175
    1 196
    2,102,153
    2,401,318

    2020-21
    2,896,920
    1 344
    2,155,446
    2,781,430

    2021-22
    3,133,413
    1 092
    2,869,426
    3,486,200

    2022-23
    2,413,492
    946
    2,551,260
    3,028,070

    2023-24
    3,008,748
    1 058
    2,843,807
    3,093,966

     
    (2) Since the rate hike cycle in 2022, the total sales amount of ordinary TRCs slightly fell from $430 million in 2021-22 to $409 million in 2023-24, representing a decrease of 4.8 per cent. The number of certificates sold slightly fell from 84 122 in 2021-22 to 79 672 in 2023-24, representing a decrease of 5.3 per cent. It can therefore be seen that the overall sales of TRCs have not changed significantly due to external factors or interest rates.
     
         As for conditional TRCs, they are purchased by taxpayers at the request of the Commissioner of Inland Revenue and therefore their sales are not related to changes in interest rates.
     
    (3) The existing mechanism for determining the TRC rate has already ensured that changes in interest rate of time deposits offered by the note-issuing banks are timely reflected in TRCs. Since the two types of TRCs have their stated purpose and are not intended as a tool to provide investment returns, we do not consider it appropriate to adjust the interest rate on TRCs by making reference to the interest rates of wealth management products. The Government has no intention of setting a target for the sale of TRCs. We respect the choice of taxpayers to purchase ordinary TRCs.
     
         On publicity, an application form for Electronic TRCs Scheme is available on the IRD’s website for members of the public to download. The Brief Guide to Taxes of IRD and the websites of GovHK and Cross-boundary Public Services also include information on the Electronic TRCs Scheme. IRD will add a new link on the Electronic TRCs Scheme at a prominent position on its website to facilitate members of the public to search for relevant information.

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Speech by SEE at opening ceremony of 19th Eco Expo Asia

    Source: Hong Kong Government special administrative region

         Following is the speech by the Secretary for Environment and Ecology, Mr Tse Chin-wan, at 19th Eco Expo Asia today (October 30):
     
    Secretary Sun (Secretary of the Leading Party Members Group of the Ministry of Ecology and Environment of the People’s Republic of China, Mr Sun Jinlong), Margaret (Executive Director of the Hong Kong Trade Development Council, Ms Margaret Fong), distinguished guests, ladies and gentlemen,
     
         Good morning.

         My heartfelt welcome to all of you joining us at the opening of the 19th Eco Expo Asia. This is a golden opportunity for us to discuss and advance our shared commitments to a sustainable future. This year, we are honoured to have about 190 officials from about 40 official delegations from various provinces and cities in Mainland China, ASEAN (Association of Southeast Asian Nations) and Belt and Road countries joining this signature annual environmental trade event in Asia.

         When people are talking about Hong Kong, what comes into our minds usually is high-rise buildings and very congested streets and roads. But actually we have a lot of well-protected countrysides in Hong Kong. And if you don’t know, I tell you that we are very rich in biodiversity. The number of coral species in our sea is more than the entire Caribbean Sea. Well, surprised? Therefore, we have produced two documentaries, “Beautiful Hong Kong” and also “Enchanting China” so as to bring the very beautiful scenes of our motherland and natural Hong Kong to the world. What you have just seen is just an extract only, and I encourage all of you to enjoy the full version that would be screened at our booth at this Expo which would tell you more about our efforts and achievements in pollution prevention, ecological protection, and nature conservation.

         This year, the theme of Eco Expo Asia is “Fostering Green Innovations for Carbon Neutrality”. Our country places a lot of importance on climate change and therefore sets targets to achieve peak carbon emissions before 2030 and also strives to achieve carbon neutrality before 2060. As to Hong Kong, our carbon emissions peaked in 2014, and compared to the peak, our carbon emissions today have been reduced by about a quarter already. Actually our carbon emissions per capita is only about one quarter of the United States, and about 60 per cent of the European Union. And therefore we have set an interim target, to cut our carbon emissions by half before 2035 and achieve carbon neutrality before 2050.

         We have been striving to achieve these targets through implementing our Climate Action Plan 2050 in Hong Kong, which covers four major decarbonisation strategies, namely aiming to achieve net-zero electricity generation, promote green buildings and also energy efficiency, promote green transport, as well as manage our waste reduction. In terms of green transport, I can tell you that now out of 10 newly registered vehicles in Hong Kong, seven are electric. And therefore I think we are moving at a reasonable speed.

         Looking ahead, we will continue to harness the transformative power of innovation and technology to accelerate the growth of green and low-carbon transformation through supporting the development of green industry, promoting development of new energy and more importantly, facilitating green research and development projects with application potentials to transform into commercially valuable products through various measures. 

         On green tech, we are supporting relevant research and development through various initiatives and funding schemes, including the Innovation and Technology Fund, Green Tech Fund, New Energy Transport Fund, etc. Over HK$800 million has been approved from these funds for a few hundred research and development and pilot projects in net-zero electricity generation, energy saving, green buildings, green transport, and more.

         Turning to new energy, our Chief Executive has announced in his Policy Address earlier this month, the Hong Kong Special Administrative Region (SAR) Government is committed to further promote the development of new energy including setting a target for sustainable aviation fuel (SAF) consumption, developing SAF and green maritime fuel supply chains, and promoting green and low-carbon energy such as hydrogen. 

         Hydrogen is regarded as a low-carbon energy with development potential in the course of energy transition. To prepare for possible wider application of hydrogen energy, the Hong Kong SAR Government published the Strategy of Hydrogen Development in Hong Kong in June this year. The Strategy sets out the four major strategies of improving legislations, establishing standards, aligning with the market, and advancing with prudency to create an environment conducive to the development of hydrogen energy in Hong Kong in a prudent and orderly manner, so that we would be able to capitalise on the environmental and economic opportunities brought about by the recent developments of hydrogen energy in different parts of the world. 

         While the scarcity of land resources has made it difficult for the development of a major manufacturing base for green energy as well as green technologies in Hong Kong, we are determined to leverage our position as a “super connector” and a “super value-adder” to serve as the platform for green and low-carbon technologies to facilitate their application in other parts of the world. For instance, we have supported the development of Hong Kong’s first green hydrogen production demonstration project at a landfill which is scheduled for commencement next year, and we are also facilitating the industry to establish a solar-to-hydrogen facility in Hong Kong very soon. 

         Ladies and gentlemen, decarbonisation cannot wait. Different regions around the world have suffered the devastating consequences of extreme weather events. Heatwaves, severe droughts, extreme rainfall, and extreme storms have attacked every corner of our planet. This year, Hong Kong experienced the hottest ever mid-autumn festival. These events remind us that climate change is indeed a current-day reality. The world must take urgent actions to combat climate change together. 

         Decarbonisation implies transformational change. Green innovation solutions are of paramount importance in our decarbonisation journey. During Eco Expo Asia, we will see the latest innovation and technologies and products around the world in new energy, climate adaptation and other areas. 

         Last but not least, I thank you again for coming today. Together, we can drive global sustainability. I hope you will find the Expo and the three-day Eco Asia Conference inspiring. For friends who come from abroad and across the boundary, I wish you all an enjoyable stay in Hong Kong, and spend more money. Thank you.
     
    (Please also refer to the Chinese portion of the speech.)

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: SFST’s speech at ASIFMA’s 5th Annual Sustainable Finance Conference: Enabling Transition Finance in Asia (English only)

    Source: Hong Kong Government special administrative region

         Following is the speech by the Secretary for Financial Services and the Treasury, Mr Christopher Hui, at ASIFMA’s 5th Annual Sustainable Finance Conference: Enabling Transition Finance in Asia today (October 30):

    Distinguished guests, ladies and gentlemen,

         It is both an honour and a privilege to stand before you today at ASIFMA’s 5th Annual Sustainable Finance Conference. I would like to extend my heartfelt gratitude to ASIFMA (Asia Securities Industry & Financial Markets Association) for hosting this significant event, now in its fifth year, and for bringing together an impressive gathering of leaders and advocates in the realm of sustainability. We are here to engage in critical discussions about how we can collectively scale and enable transition finance in Asia – a topic that has never been more urgent.

         Today’s theme, “Enabling Transition Finance in Asia”, reflects a vital aspect of our collective effort to combat climate change. As we know, climate change poses unprecedented challenges to our societies and economies. We must take bold steps to address these challenges. Hong Kong serves as a crucial financial gateway in Asia, bridging the East and West. This unique position makes it an ideal location for managing and channelling investments aimed at sustainable development. With our robust banking system, flourishing financial market, and strong regulatory framework, Hong Kong is well-positioned to facilitate transition finance.

         As we gather here today, we are acutely aware of the challenges that climate change poses to our societies and economies. Today, I would like to outline Hong Kong’s efforts in driving sustainability, encapsulated in four key “C” pillars: Capital, Creation, Commitment, and Collaboration.

    Capital – A vital tool for green financing

         The first “C” is Capital, which highlights Hong Kong’s well-developed capacity for green investment. This is not just a financial mechanism; it is a vital tool for green financing that underpins our commitment to sustainability. Hong Kong has set an ambitious goal to achieve carbon neutrality by 2050, with a target to halve carbon emissions by 2035. To realise these goals, we are implementing a range of policies and initiatives designed to promote green finance and support the transition to a low-carbon economy.

         As Asia’s leading international financial centre and green finance hub, Hong Kong stands ready to channel international investment toward sustainable purposes. Our financial ecosystem is equipped to facilitate a robust green transition. Recent market research estimates that sustainable bond issuance will approach US$1 trillion in 2024. Moreover, it is projected that annual climate investments must reach US$9 trillion by 2030 and US$10 trillion by 2050, underscoring the immense demand for green finance.

         To this end, we launched the Government Green Bond Programme (renamed Government Sustainable Bond Programme) in 2019. This initiative aims to raise funds for government green projects that contribute to sustainable development. I am pleased to report that our issuance has been attracting strong interest from both local and international investors. For example, for the issuance in July this year, our offer of HK$25 billion of bonds attracted more than HK$120 billion equivalent in orders, about five times of the offer size. So far a total of HK$220 billion in government green bonds has been successfully issued, including a diverse array of bonds – retail, institutional, and tokenised – across multiple currencies and tenors. These efforts have effectively raised funds for the Government’s green projects, reinforcing our commitment to fostering a greener future for Hong Kong.

         The momentum towards sustainable investment has gained unprecedented traction in our financial markets. Over 230 ESG (environmental, social, and governance) funds have been authorised by our Securities and Futures Commission, collectively managing over HK$1.3 trillion in assets. This represents a significant year-on-year increase of 19 per cent in the number of funds and an 8 per cent rise in assets. These encouraging statistics reflect a growing recognition among investors of the importance of sustainable finance and their commitment to supporting responsible investment initiatives.

    Creation – innovating the green fintech market

         The second “C” is Creation, which emphasises Hong Kong’s role in innovation for adoption of green fintech. In addition to capital, technology plays a crucial role in green transition. The global shift toward sustainability is not just creating new markets; it is also driving innovation and opening up investment opportunities. The Government recognises that sustainable development and financial innovation must go hand in hand. By positioning Hong Kong as a leader in sustainable finance, we can attract capital, stimulate innovation, and contribute to a more sustainable future for all.

         As we strive to integrate fintech with green finance and accelerate our green transformation, we are actively expanding the green fintech ecosystem. This year in June, we launched the Green and Sustainable Fintech Proof-of-Concept Funding Support Scheme. This initiative aims to provide early-stage funding to technology companies or research institutes conducting green fintech activities, allowing them to collaborate with local enterprises to co-develop new projects that address industry pain points. By facilitating the completion of the commercialisation and proof-of-concept stages, this scheme aims to enable wider adoption of green and sustainable fintech solutions in our local business landscape.

         Fostering partnerships that drive innovation in financial products is another crucial element in promoting sustainable practices and ensuring that our financial systems are resilient and future-ready. Earlier this year, in March, we launched the Prototype Hong Kong Green Fintech Map, developed in collaboration with various stakeholders. This map serves as a one-stop resource, providing comprehensive information on the current status of green fintech companies in Hong Kong and the related services available. By enhancing the visibility of these companies, we support their growth and ultimately contribute to our vision of a greener and more sustainable financial ecosystem.

    Commitment – building a comprehensive foundation

         The third “C” is our commitment to building a comprehensive green finance ecosystem. Recent market studies indicate that approximately 90 per cent of issuance in the green bond market relates to financing climate transition projects. Transition finance encompasses more than just capital; it empowers various industries to evolve towards sustainable practices while acknowledging that the journey to a low-carbon economy varies across sectors.

         The time is ripe for Hong Kong to seize the opportunities ahead in developing a sustainable community. We are committed to enabling transition finance in Asia and working towards a more sustainable future. As part of this commitment, Hong Kong is a forerunner in setting regulatory requirements and guidance for the financial sector. In the recent Policy Address, the Chief Executive announced significant steps towards enhancing our financial reporting framework.

         We will soon launch a roadmap for the full adoption of the International Financial Reporting Standards – Sustainability Disclosure Standards (ISSB Standards). Our goal is clear: We aim for Hong Kong to be among the first jurisdictions to align our local requirements with these internationally recognised standards. This initiative not only underscores our commitment to transparency and sustainability but also positions Hong Kong as a leader in the global financial landscape.

         Transparency and accountability are essential for the success of sustainable finance. As a crucial initial step, Hong Kong Stock Exchange has introduced new climate-related disclosure requirements. These requirements, developed based on the International Financial Reporting Standards (IFRS) S2 Climate-related Disclosures, will be implemented for listed companies under a phased approach starting next year. These initiatives reflect our ongoing efforts to foster a sustainable environment that resonates throughout our financial ecosystem.

    Collaboration – the key to a sustainable future

         The last “C”, but certainly not least, is collaboration. While government initiatives are crucial, the transition to a sustainable economy cannot be achieved in isolation. It requires collaboration among all stakeholders – the Government and regulators, financial institutions, corporations, and the community.

         In 2020, the Government established the Green and Sustainable Finance Cross-Agency Steering Group, comprising representatives from various sectors. This group is working diligently to formulate strategies that enhance Hong Kong’s role as a green finance hub and engage industry participants and relevant stakeholders to advance sustainable finance in Hong Kong.

         As we look ahead, we are also mindful of the international context.  In just a few weeks, the global climate challenge will be front and centre at COP29 (29th Conference of the Parties to the United Nations Framework Convention on Climate Change) in Azerbaijan. This conference presents an opportunity for world leaders to ramp up climate action and provide stronger protections for those on the frontlines of climate change. COP29 is being billed as the “finance COP”, a pivotal moment for countries to establish a new global climate finance goal. We look forward to actively exploring collaboration with other regions on zero-carbon projects and initiatives, enhancing our collective capacity to address these urgent challenges.

    Closing

         In closing, the journey to a sustainable future is one that requires capital, creation, commitment, and collaboration. As we gather here today, we reaffirm our shared responsibility to enable transition finance in Asia and harness the power of finance to drive meaningful change. Together, we can create a better world for future generations.

         Your commitment to advancing the agenda of sustainable finance in Asia is truly inspiring. I am grateful for your attention to this pressing global issue, and I look forward to the fruitful discussions and insights that will emerge from today’s conference. Together, let us turn our vision of a sustainable future into a reality.

         Thank you.

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: LCQ22: Combating sales activities of duty-not-paid cigarettes

    Source: Hong Kong Government special administrative region

         Following is a question by Dr the Hon Ngan Man-yu and a written reply by the Secretary for Financial Services and the Treasury, Mr Christopher Hui, in the Legislative Council today (October 30):
     
    Question:
     
         It has been reported that the sales activities of duty-not-paid cigarettes (illicit cigarettes) have become increasingly rampant in recent years. Lawbreakers have employed adolescents with little life experience to distribute illicit cigarette leaflets, commonly known as “dim sum sheets”, in public housing estates, and there are even “cheap whites promotion teams” wearing tops printed with the brand names of “cheap whites” (i.e. illicit cigarettes packaged in the same way as duty-paid cigarettes) to promote illicit cigarettes to smokers in busy areas. In this connection, will the Government inform this Council:
     
    (1) of the following information on illicit cigarette cases intercepted at source by the Customs and Excise Department (C&ED) in the past three years: the number of such cases, the number of persons involved in such cases, and the market value of the illicit cigarettes involved; what measures the authorities have put in place to step up efforts to intercept at source the smuggling of illicit cigarettes into Hong Kong;
     
    (2) of the following information on the law enforcement operations conducted by C&ED to combat illicit cigarette activities in the past three years: the number of such operations, the number of cases detected, the number and dutiable value of the illicit cigarettes seized, the number and age distribution of persons arrested (with a breakdown by seller and buyer), and the penalty imposed on the convicted persons;
     
    (3) regarding the recruitment of young people by lawbreakers to promote illicit cigarettes, whether C&ED and the Tobacco and Alcohol Control Office (TACO) of the Department of Health have received the related reports, and of the relevant follow-up situations; what measures C&ED and TACO have put in place to prevent young people from participating in the promotional and trafficking activities of illicit cigarettes;
     
    (4) as it has been reported that lawbreakers have set up websites to advertise illicit cigarettes on the Internet, and to advertise and sell illicit cigarettes through social media platforms and instant messaging applications (e.g. Facebook, Instagram and Telegram), what measures C&ED and TACO have put in place to intercept such advertising and sales activities, and whether it has assessed the effectiveness of such measures;
     
    (5) of the total number of reports on suspected illicit cigarette activities received by C&ED through its 24-hour hotline, dedicated crime-reporting email account or online form in the past three years, and the relevant follow-up situations; and
     
    (6) whether C&ED and TACO have considered, by drawing reference from the policy on combating abuses of public housing, setting up a financial reward mechanism for reporting to encourage members of the public to report the sale of illicit cigarettes, so as to reduce the promotional and trafficking activities of illicit cigarettes in public housing estates?
     
    Reply:
     
    President,
     
         Tobacco products are dutiable commodities. Tobacco duty is payable by importers or manufacturers according to the specified rates under the Dutiable Commodities Ordinance (Cap. 109). To protect Government revenue, the Hong Kong Customs and Excise Department (C&ED) has been combating smuggling and trading of illicit cigarettes on different fronts. As for matters relating to tobacco control, they are mainly enforced by the Tobacco and Alcohol Control Office (TACO) of the Department of Health according to the Smoking (Public Health) Ordinance (Cap. 371).
     
         Upon consultation with the Health Bureau, the consolidated reply to the question is as follows:
     
    (1) C&ED has been closely monitoring the control points and illicit cigarettes activities in the city closely, and has strengthened intelligence exchange with the Mainland and overseas law enforcement agencies with a view to intercepting illicit cigarettes at source. The relevant numbers on interception of illicit cigarettes at various control points by C&ED from January 2021 to September 2024 are set out below:
     

    Year
    Number of cases
    Number of persons arrested
    Number of illicit cigarettes seized
    (million)
    Estimated market value
    ($million)

    2021
    3 156
    2 856
    247
    678

    2022
    2 575
    2 246
    634
    1,753

    2023 (Note 1)
    10 452
    10 276
    554
    1,896

    2024 (Note 1)
    (Up to September)
    14 198
    13 783
    191
    841

    Note 1: The significant increase in the number of cases and arrests as compared with 2022 is mainly due to the large increase in the number of incoming passengers intercepted at control points for possessing tobacco products exceeding the duty-free quantity after the full resumption of normal travel between Hong Kong and the Mainland.
     
    (2) From January 2021 to September 2024, C&ED has conducted 11 large-scale special operations to combat illicit cigarette activities at various control points, as well as telephone-ordering activities for or distribution of flyers of illicit cigarettes at public rental housing estates (PRH). In addition, C&ED has been closely monitoring the latest development in the market and strengthened intelligence gathering. If a retailer is found to be selling duty-not-paid cigarettes, C&ED will take resolute enforcement actions. The enforcement figures of C&ED in combating illicit cigarettes through various channels (including daily inspections, interception at various control points, large-scale special operations, etc.) from January 2021 to September 2024 are set out below:
     

    Year
    Number of cases
    Number of persons arrested
    Number of illicit cigarettes seized
    (million)
    Estimated market value
    ($million)
    Duty payable
    ($million)

    2021
    4 009
    3 555
    427
    1,176
    815

    2022
    3 438
    2 813
    732
    2,017
    1,395

    2023Note
    11 806
    10 994
    652
    2,256
    1,541

    2024 (Note 2)
    (Up to September)
    15 014
    14 397
    367
    1,639
    1,208

    Note 2: The significant increase in the number of cases and arrests as compared with 2022 is mainly due to the large increase in the number of incoming passengers intercepted at control points for possessing tobacco products exceeding the duty-free quantity after the full resumption of normal travel between Hong Kong and the Mainland, and the seven large-scale special operations conducted by C&ED in 2023 and 2024.
     
         The number of arrested persons involved in buying or selling illicit cigarettes from January 2021 to September 2024 are set out below:
     

    Year
    Arrested persons
    Age distribution

    Sellers
    Buyers
    Total
    20 or below
    21 to 40
    41 to 60
    61 or above

    2021
    259
    206
    465
    13
    99
    172
    181

    2022
    117
    301
    418
    26
    98
    165
    129

    2023
    185
    401
    586
    28
    145
    222
    191

    2024
    (Up to September)
    244
    262
    506
    15
    86
    207
    198

     
         During the above period, the penalties imposed by the court on illicit cigarette cases ranged from a minimum of $200 (involving 200 illicit cigarettes) to a maximum of imprisonment of 18 months (involving about 12 million illicit cigarettes).
     
    (3), (4) and (6) According to the Smoking (Public Health) Ordinance (the Ordinance), no person shall display or cause to be displayed any smoking product advertisement in any form. Any person who contravenes the prohibitions is liable on summary conviction to a maximum fine of $50,000, and in the case of a continuing offence, to a further penalty of $1,500 for each day during which the offence continues. The distribution of smoking product advertisements in PRH not only involves peddling of suspected duty-not-paid smoking products, but also affects the law and order and management of the estates. Hence, TACO has all along been co-operating with the relevant departments with a view to combating these illegal activities more effectively. A co-operation mechanism has been established among TACO, the Police and the Housing Department to conduct enforcement actions against illegal activities of distributing smoking products advertisements in PRH. Since January this year, the relevant departments have conducted over 220 joint operations in PRH in Hong Kong. During the operations, in addition to patrolling the estates, officers from TACO also provided information to the estate security workers and residents on how to deal with suspected violation. They were also reminded to observe the laws and not to purchase smoking products from unknown sources. TACO will refer any suspected cases of illicit cigarettes that involve violations of the Dutiable Commodities Ordinance to C&ED for further investigation.
     
         Regarding the allegation that some people are distributing illicit cigarettes on the streets, under the Ordinance, no person may give smoking product to another person for promotion or advertisement. Any person who contravenes the prohibitions is liable on summary conviction to a maximum fine of $25,000. TACO has conducted multiple proactive inspections at relevant locations. No illegal activity has been found so far. TACO will closely monitor activities contravening the Ordinance (including those promoting or advertising smoking products), which include arranging covert inspections and taking enforcement actions on an ongoing basis. In addition, TACO will also conduct online inspections. If online smoking product advertisements suspected of contravening the law are found, TACO will request the relevant internet service providers and social media platforms to remove the relevant content.
     
         From January 2023 to August 2024, TACO issued 124 summonses and 43 warning letters regarding offences of displaying or distributing smoking product advertisements, and removed around 2 550 websites and social media accounts/posts involving advertisements of smoking products. Since 2021, 14 offenders have been convicted of the offence related to distributing smoking product advertisements, with a maximum penalty of $8,000.
     
         In addition, C&ED has also been conducting online inspections targeting suspected sale of illicit cigarettes. When suspected cases are found, C&ED will immediately express concerns to and follow up with the relevant websites or social media platforms, including blocking the accounts concerned and removing the relevant illicit cigarettes advertisements. From January to September 2024, a total of 429 relevant advertisements have been removed.
     
         In order to combat illicit cigarettes in a more effective manner and protect non-smokers from tobacco hazards, the Government announced its plan in June this year to implement the next-phase tobacco control measures. They include the introduction of a duty stamp system in order to differentiate duty-paid cigarettes from duty-not-paid ones; to require proofs that tobacco products sold at a price lower than the tobacco duty are duty-paid; and to increase the maximum penalty for dealing with, possession of, selling or buying duty-not-paid cigarettes. The Government expects that the above measures will strengthen the deterrent effect and enhance the effectiveness of law enforcement agencies in combating illicit cigarettes. At present, the Government has no plan to introduce financial incentives for reporting illicit cigarette cases. However, C&ED will seriously follow up on reports of suspected illicit cigarette activities.
     
    (5) The numbers of reports on suspected illicit cigarettes activities received by C&ED through different channels from January 2021 to September 2024 are set out below:
     

    Year
    Reports

    2021
    3 054

    2022
    3 526

    2023
    3 476

    2024
    (Up to September)
    5 640

         C&ED will follow up each report and refer it to frontline staff for investigation if necessary. Since the investigations are confidential, C&ED will not disclose their progress and details.

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: 2024 Edition of “Hong Kong Annual Digest of Statistics” published

    Source: Hong Kong Government special administrative region

    2024 Edition of “Hong Kong Annual Digest of Statistics” published
    2024 Edition of “Hong Kong Annual Digest of Statistics” published
    ***************************************************************************

         The 2024 Edition of the “Hong Kong Annual Digest of Statistics” was published by the Census and Statistics Department (C&SD) today (October 30). The Digest is available for downloading at the website of the C&SD (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1010003&scode=460).      The Digest is a comprehensive and convenient collection of official statistics. It contains some 300 statistical tables on a wide range of topics, including: – Population- Labour- External trade- National income and Balance of Payments- Prices- Business performance- Innovation and technology- Energy- Housing and property- Government accounts, finance and insurance- Transport, communications and tourism- Education- Health- Social welfare- Law and order- Culture, entertainment and recreation- Environment, climate and geography      This Digest aims to provide key annual statistical series on various aspects of the social and economic developments of Hong Kong. Most of the data series presented reflect the latest situation covering a time span of the last decade, enabling readers to understand the trends of development in recent years. Descriptions of the scope of the statistical data and definitions of the terms used in this Digest are provided in the “Concepts and methods” in each chapter.      Enquiries about the “Hong Kong Annual Digest of Statistics” can be directed to the Statistical Information Dissemination Section (1) of the C&SD (Tel: 2582 5073; email: gen-enquiry@censtatd.gov.hk).

     
    Ends/Wednesday, October 30, 2024Issued at HKT 16:00

    NNNN

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Land Registry releases Trading Fund Annual Report

    Source: Hong Kong Government special administrative region

         The Land Registry (LR) today (October 30) released the Land Registry Trading Fund (LRTF) Annual Report 2023/24.
          
         â€‹The Land Registrar, Ms Joyce Tam, said, “Due to an overall decrease in business volume of registration of documents, searches, copying, reports on title and e-Alert services, the LRTF recorded a loss from operations (i.e. before interest income) of $36.1 million and a negative return on fixed assets of -10.5 per cent for the financial year ending March 31, 2024. After taking into account interest income, the LRTF achieved a profit of $18.3 million.”
          
         The total number of documents delivered for registration and searches of land registers decreased by 12.6 per cent and 10.2 per cent respectively when compared to the financial year of 2022/23.
          
         Ms Tam said the LR continues to implement initiatives to reform the land registration system and is working on the amendment bill on the Land Titles Ordinance (Cap. 585) (LTO). The target is to introduce the amendment bill into the Legislative Council (LegCo) in the first quarter of 2025. The implementation of the title registration system under the LTO aims to provide better assurance and greater certainty of property titles and simplify conveyancing procedures.
          
         The LR is also committed to promoting digitalisation and enhancing services to support the property market and the economy. Ms Tam said that the LR is working with the Digital Policy Office and the Hong Kong Monetary Authority (HKMA) on land data interchange through the secure data gateway of the Government and the HKMA to facilitate enhancement of banking services. The initiative is targeted to be implemented progressively in 2025.
          
         The report was tabled in the LegCo today. It can also be viewed or downloaded from the LR’s website (www.landreg.gov.hk).

    MIL OSI Asia Pacific News

  • MIL-OSI United Kingdom: City Centre Remembrance commemorations announced

    Source: City of Derby

    Preparations are well underway for this year’s Remembrance commemorations.

    The city’s Annual Remembrance Sunday Service and Parade will return on Sunday 10 November, with troops from the Royal Electrical and Mechanical Engineers 148 Divisional Support Company, as well as members of local veteran and youth organisations, parading through the city centre onto the Market Place.

    A short service, led by The Very Revd Dr Peter Robinson, Dean of Derby, is scheduled for 11am, during which a two-minute silence will be observed. Following this, wreaths will be laid at the War Memorial.

    For the first time this year, Surtal Arts Community Choir, a Derby-based South Asian performing arts organsation, will be performing on the Market Place at around 10:15am, before the arrival of the Parade. 

    Members of the public are invited to observe the proceedings and pay their respects. There will be dedicated public viewing areas on the Market Place and the ceremony will be streamed onto a large screen. 

    Those who are unable to travel into the city centre can also watch the parade and service live on the Council’s YouTube channel.

    Citizens will also have a chance to pay tribute to those who lost their lives during a short service held at the War Memorial at 11am on Armistice Day (Monday 11 November).

    Councillor Nadine Peatfield, Leader of the Council and Cabinet Member for City Centre, Regeneration, Strategy and Policy said:

    “Remembrance is an incredibly important event within the Civic calendar and I’m very proud that partners from across the city are once again working together to host city centre events on both Remembrance Sunday and Armistice Day.

    “Remembrance is not only about remembering British soldiers who were involved in the World Wars and subsequent conflicts, but the sacrifice of those from across the Commonwealth. It’s fantastic that we’re able to highlight the contribution made by South Asian nations through a performance by the Surtal Arts Community Choir before this year’s parade.

    “I encourage as many citizens as possible to take part in and observe this year’s commemorations.”

    To protect members of the public and parade participants, there will be road closures on Sunday 10 November, from 8am until 1pm:

    • Sowter Road from its junction with St Michael’s Lane
    • The junction of Queen Street and Full Street
    • Derwent Street
    • Corporation Street and Tenant Street
    • St James Street, Corn Market and Iron Gate (from its junction with Sadler Gate)

    Several parking restrictions will also be in place:

    • The Council House car park will be closed to members of the public from 6.00pm on Saturday 9 November until 2pm on Sunday 10 November.
    • On-street parking will be suspended on Full Street and Tenant Street from 7pm on Saturday 9 November to 1pm on Sunday 10 November.
    • The on-street parking bays on Derwent Street will be reserved for Blue Badge parking on Sunday 10 November.

    MIL OSI United Kingdom

  • MIL-OSI Africa: Islamic Corporation for the Development of the Private Sector (ICD) Commits Eur 40 Million to Nakkas- Basaksehir Section of Türkiye’s Northern Marmara Highway Project

    Source: Africa Press Organisation – English (2) – Report:

    ISTANBUL, Turkey, October 30, 2024/APO Group/ —

    • ICD is investing EUR 40 million in the Nakkaş-Başakşehir section as part of a EUR 1.04 billion funding package.
    • The project incorporates solar energy and LED lighting, aiming to cut energy use and emissions significantly.
    • It’s backed by a consortium led by Rönesans Holding, with support from MDBs and ECAs.

    The Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-ps.org) has signed a EUR 40 million to co-finance the Nakkaş-Başakşehir section of Türkiye Northern Marmara Highway Project.

    The Project  aimes to enhance Istanbul’s east-west connectivity, improve road safety and reduce congestion. It is being developed under a build-operate-transfer agreement by a consortium led by Rönesans Holding A.Ş. in partnership with Samsung C&T Corporation and other Korean investors. It involves a 31.3-km toll road, including a 1.6-km cable-stayed bridge and multiple overpasses and underpasses.

    ICD’s EUR 40 million contribution is part of a broader EUR1.04 billion senior debt package, fully financed by international institutions, including the European Bank for Reconstruction and Development (EBRD), the Asian Infrastructure Investment Bank (AIIB), the Islamic Development Bank (IsDB), alongside Atradius and SERV as European export credit agencies, ICIEC, and a consortium of commercial lenders.

    Thanks to Solar Energy Production System to be installed within the scope of the Nakkaş-Başakşehir project, which has “sustainability” at the center of its design, the clean energy obtained from solar panels will meet the energy needs of the highway’s operation and management (O&M) center and service stations.

    The installation of over 4,500 LED lamps, replacing sodium lamps, will cut energy consumption by 37.5%, saving over 35 MWh. Within the scope of the project, in which all O&M highway vehicles are planned to be hybrid or electric, it is expected to save approximately 112 thousand liters of fuel annually.

    While the Nakkaş-Başakşehir Highway Project is expected to prevent 7.9 million tons of greenhouse gas (GHG) emissions in 30 years, in particular, it will reduce particulate matter (PM) emissions by 1,399 tons, nitrogen oxides (NOx) by 58,699 tons and sulfur dioxide (SO2) by 95 tons. tons reduction is aimed.

    MIL OSI Africa

  • MIL-OSI Asia-Pac: LCQ4: Healthcare services provided by unregistered persons

    Source: Hong Kong Government special administrative region

         Following is a question by Professor the Hon Chan Wing-kwong and a reply by the Under Secretary for Health, Dr Libby Lee, in the Legislative Council today (October 30):
     
    Question:
     
         It has been reported that there are currently many premises in the community claiming to be pain treatment centres, etc., boasting that they can provide clients with services such as “bone manipulating” and pain treatment, but some members of the public are injured after receiving services provided by persons who are suspected to be non-healthcare professionals at these premises. In this connection, will the Government inform this Council:
     
    (1) whether it knows the number of the aforesaid premises and, among them, the number of those which have applied for licences for private healthcare facilities (PHFs);
     
    (2) of the number of complaints made against the aforesaid premises and the follow-up situations in the past three years; among them, the number of cases involving unlicensed medical practice, and the respective numbers of persons prosecuted and convicted; and
     
    (3) as it is learnt that some premises which have not applied for PHFs licences are presenting an image of licensed healthcare facilities through means such as promotion and furnishings in order to mislead consumers, of the measures the authorities have put in place to caution members of the public against seeking inappropriate treatments for certain medical conditions, so as to safeguard their health?
     
    Reply:
     
    President,
     
         In consultation with the Security Bureau, I provide a consolidated reply as follows:
     
         Premises providing pain relief services in the community can be classified into three categories:

    (1) involving healthcare services which should be provided by registered medical practitioners and/or dentists, e.g. prescription of painkillers or performance of surgical procedures etc.;
     
    (2) involving healthcare services which should be provided by healthcare professions of other different disciplines; and
     
    (3) not providing healthcare services, say conducting only massage which do not concern the practice of healthcare professionals.
     
         These three categories of services are regulated by different legislations. As the premises under the aforementioned categories 1 and 2 provide healthcare services, they are regulated by relevant legislations on healthcare facilities and healthcare professions.
     
         Since 2018, the Private Healthcare Facilities Ordinance (Cap. 633) regulates premises where registered medical practitioners and/or dentists practise. Operators are required to obtain a licence or letter of exemption in order to operate private healthcare facilities. The existing law specifically covers premises of these two healthcare professions as their daily operation may very likely involve high-risk issues such as infection control and blood management, thereby requiring the most stringent regulatory system under a risk-based principle. In this connection, apart from being regulated by the specific legislations on healthcare professions, such premises are also regulated by the Private Healthcare Facilities Ordinance. As of the third quarter of 2024, there are 14 licensed private hospitals and 259 licensed day procedure centres in Hong Kong. The Government is also preparing to implement the clinic licensing regime under the Private Healthcare Facilities Ordinance and will make an announcement shortly.
     
         Premises under category 2 involve healthcare services which are provided by healthcare professions of other multiple disciplines. By nature, services commonly known as “bone-manipulating” and “pain management” may be similar to the treatments provided by Chinese medicine practitioners, physiotherapists and chiropractors under their respective scope of practice. Depending on the actual services performed, relevant ordinances would come into play when healthcare services which must be provided by registered healthcare professionals are involved. This serves to prevent non-professionals from performing such acts so as to safeguard public health.
     
         The provision of a service will be considered as practising Chinese medicine if it involves the performance of any act or activities on the basis of traditional Chinese medicine in general practice, acupuncture or bone-setting as stipulated in the Chinese Medicine Ordinance (Cap. 549). Any person who is neither a registered nor listed Chinese medicine practitioner providing such service commits an offence and is liable to a fine at level 6 and imprisonment for three years. By the same token, any person who practises the profession of a physiotherapist as stipulated in the Supplementary Medical Professions Ordinance (Cap. 359) without registration commits an offence and is liable to a fine at level 2 and imprisonment for six months; whereas any person who is not listed in the register of registered chiropractors under the Chiropractors Registration Ordinance (Cap. 428) but practises chiropractic as defined in the Code of Practice by the Chiropractors Council commits an offence and is liable to a fine at level 5 and imprisonment for one year.
     
         During the period of 2021 to the third quarter of 2024, available records show that there were a total of 35 suspected cases of providing “bone-manipulating” or “pain management” services in contravention of the various ordinances on healthcare professionals. Of these, 3 cases were successfully prosecuted with conviction, while the others are still being processed or could not be successfully prosecuted possibly due to the individuals involved being subsequently proven to be registered healthcare professionals, etc. Members of the public should report to the Police if they suspect that someone is practising without registration or falsely using the title of a registered healthcare professional. The Department of Health (DH) as well as the statutory boards and councils of relevant healthcare professions will provide professional support to the Police as appropriate.
     
         To prevent the public from seeking improper treatment of certain conditions regardless of the type of premises which provides such services, the Undesirable Medical Advertisements Ordinance (Cap. 231) prohibits/restricts the publication of advertisements that will likely lead to the use of any medicine, surgical appliance or treatment for the purpose of treating or preventing diseases or conditions specified in Schedules 1 and 2 to the Ordinance. These include any disease of the musculo-skeletal system, including rheumatism, arthritis and sciatica. The DH has put in place an established mechanism for screening advertisements. Appropriate actions will be taken in accordance with the law against any contravention of the Ordinance.
     
         The Government urges members of the public not to casually believe the claims of being able to offer so-called “treatment” from random persons who are not registered or accredited as healthcare professionals. Since the professional qualifications and standards of these persons have not been attested, the safety and effectiveness of the so-called “treatment” cannot be assured. It may even worsen the condition or cause injury. Before receiving healthcare services, members of the public can browse the online registers of the statutory boards and councils of relevant healthcare professions to ascertain the qualifications of service providers. If members of the public have doubts about the qualifications of the healthcare professionals, they can also request the person concerned to provide relevant certification documents in order to better protect their safety.

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Housing Department urges public to be alert to fraudulent website of Cash Allowance Trial Scheme

    Source: Hong Kong Government special administrative region

         The Housing Department (HD) today (October 30) alerted members of the public to a fraudulent website (https://cashalwaysget_hk2024.site), which purports to be the website of the Cash Allowance Trial Scheme.
     
         The fraudulent website seeks to obtain the personal and credit card information of members of the public. The HD emphasises that the fraudulent website has no connection with the Cash Allowance Trial Scheme” and has referred the case to the Police for follow-up.
     
         Anyone who has provided his or her personal information to the website concerned should contact the Police. For enquiries, please call the Cash Allowance Office hotline of the HD at 3105 3333.

    MIL OSI Asia Pacific News

  • MIL-OSI New Zealand: Religion and Faith – Shincheonji Zion Christian Mission Center Holds Record-Breaking 110,000 Graduation Ceremony

    Source: NewzEngine.com

    Zion Christian Mission Center and Chairman Young-Jin Tan, from the Shincheonji Church of Jesus, the Temple of the Tabernacle of the Testimony by Chairman Man-Hee Lee held their ‘115th 110,000 Joint Graduation Ceremony’ at the Shincheonji Cheongju Church Branch on Wednesday 30th October, with many overseas graduates flying in to attend the ceremony.

    A total of 111,628 graduates graduated at the ceremony, marking the fourth time that over 100,000 graduates have graduated – this record-breaking number follows the 103,764 graduates in 2019, 106,186 graduates in 2022, and 108,084 graduates in 2023.

    Originally planned to be held at the Imjingak Peace Park, the location was unilaterally cancelled the day before by the Gyeonggi Tourism Organisation. However, the many attendees that came followed suite to the location change at the Shincheonji Cheongju Church Branch.

    Whilst many graduates from both domestic and abroad arrived, the event was also attended by foreign religious leaders who visited Korea specifically to visit the graduation ceremony. The graduation’s online attendance was also met by many graduates from other domestic branches, as well as multitudes tuning in online from all other overseas churches.

    – Published by MIL OSI in partnership with NewzEngine.com

    MIL OSI New Zealand News

  • MIL-OSI Asia-Pac: SCST begins visit to Cascais (with photos)

    Source: Hong Kong Government special administrative region

    SCST begins visit to Cascais (with photos)
    SCST begins visit to Cascais (with photos)
    ******************************************

         The Secretary for Culture, Sports and Tourism, Mr Kevin Yeung, arrived in Cascais, Portugal, on the evening of October 28 (Cascais time) and began his itinerary yesterday (October 29, Cascais time). In the morning, together with the President of the Sports Federation and Olympic Committee of Hong Kong, China (SF&OC), Mr Timothy Fok, Mr Yeung exchanged views with various members of the Executive Council of the Association of National Olympic Committees (ANOC), including the ANOC President, Dr Robin Mitchell; the Secretary General, Mrs Gunilla Lindberg; the Vice-President for Africa, Mr Mustapha Berraf; the Vice-President for Europe, Mr Spyros Capralos; and Member for Asia Mrs Li Lingwei.           Attending the Executive Council Meeting alongside a delegation from the SF&OC in the afternoon, Mr Yeung made a presentation on the bid to host the 2026 ANOC General Assembly in Hong Kong. He illustrated that Hong Kong is the ideal place for hosting international events. Mr Yeung said that Hong Kong has a fair and mature legal system thanks to the successful implementation of the “one country, two systems” principle since the establishment of the Hong Kong Special Administrative Region, enabling the city to maintain its social stability. Hong Kong is also an Events Capital of Asia and the World’s Meeting Place. As an international city, Hong Kong is widely connected with the rest of the world, which underlines another strength of Hong Kong.            Mr Yeung added that Hong Kong has been actively advancing the development of sports in the community, supporting elite sports, promoting Hong Kong as a centre for major international sports events, enhancing sports professionalism and developing sports as an industry. In recent years, Hong Kong athletes have achieved impressive results in major international games. Mr Yeung also shared with the meeting the imminent commissioning of the Kai Tak Sports Park in the first quarter of 2025, making it the largest sports infrastructure project in Hong Kong’s history.            Mr Yeung attended a reception hosted by the City of Cascais, during which he exchanged views with City Councillor (Sports and International Affairs) Mr Francisco Kreye and other leading figures in the world of sports, including the International Olympic Council President, Mr Thomas Bach.            Mr Yeung will continue his visit to Cascais, Portugal, today (October 30, Cascais time).

     
    Ends/Wednesday, October 30, 2024Issued at HKT 16:35

    NNNN

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: “M” Mark status awarded to Hong Kong Cricket Sixes 2024

    Source: Hong Kong Government special administrative region

    The following is issued on behalf of the Major Sports Events Committee:
     
         The Major Sports Events Committee (MSEC) has awarded “M” Mark status to the Hong Kong Cricket Sixes 2024, which will be held at the Tin Kwong Road Recreation Ground from November 1 to 3.
          
         The Chairman of the MSEC, Mr Wilfred Ng, said today (October 30), “We are delighted to award the ‘M’ Mark status to the Hong Kong Cricket Sixes 2024. Hong Kong is hosting this tournament again after seven years. We look forward to bringing in more visitors from abroad, thereby strengthening Hong Kong’s position as a centre for major international sports events.
          
         The “M” Mark System aims to encourage and help local “national sports associations” and private or non-government organisations to organise more major international sports events and nurture them into sustainable undertakings. Sports events meeting the assessment criteria will be granted “M” Mark status by the MSEC. Funding support will also be provided to some events.
          
         For details of “M” Mark events, please visit www.mevents.org.hk.

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: LCQ6: BUD Fund

    Source: Hong Kong Government special administrative region

         Following is a question by Dr the Hon Kennedy Wong and a reply by the Secretary for Commerce and Economic Development, Mr Algernon Yau, in the Legislative Council today (October 30):
     
    Question:
     
         In recent years, the Government has launched many enhancement measures to the Dedicated Fund on Branding, Upgrading and Domestic Sales (BUD Fund). In this connection, will the Government inform this Council:
     
    (1) given that the Government launched the “E-commerce Easy” under the BUD Fund on July 15 this year, with a view to assisting enterprises in opening up the Mainland market through developing electronic commerce (e-commerce) business, of the respective numbers of relevant applications received and approved by the Government so far, as well as the average and maximum amounts of funding involved;
     
    (2) given that at present, enterprises applying for the BUD Fund are required to provide proof of substantive operations and commercial transactions in Hong Kong, but it is learnt that many enterprises with trademarks and other intellectual property rights registered in Hong Kong have substantive operations on the Mainland and overseas, thus rendering them unable to successfully apply for the Fund, and there are views that the original intention of the Fund is to assist enterprises in enhancing their competitiveness, whether the Government will, in the light of the relevant situation, review the eligibility criteria for applying for the Fund; if so, of the details; if not, the reasons for that; and
     
    (3) given that there are views pointing out that the application of artificial intelligence (AI) in cross-border e-commerce is particularly innovative, such as the use of AI key opinion leaders for marketing of goods, whether the authorities will consider expanding the funding coverage of “E-commerce Easy” to include the application of AI, thereby enabling enterprises to make better use of the funding to establish marketing systems; if so, of the details; if not, the reasons for that?
     
    Reply:
     
    President,
     
         The Government is dedicated to assisting Hong Kong enterprises, including small and medium enterprises (SMEs) and start-ups, in developing brands, upgrading business operations and enhancing competitiveness. One such measure is the Dedicated Fund on Branding, Upgrading and Domestic Sales (BUD Fund), which provides funding support for non-listed Hong Kong enterprises to develop business in the Mainland and 38 economies with which Hong Kong has signed free trade agreements and/or investment promotion and protection agreements.
     
         The reply to the three parts of the question is as follows:
     
    (1) With a view to assisting Hong Kong enterprises in developing the Mainland sales market through electronic commerce (e-commerce) business, the Government launched “E-commerce Easy” under the BUD Fund on July 15 this year to allow enterprises to make use of $1 million funding flexibly within the cumulative funding ceiling of $7 million per enterprise to implement e-commerce projects on the Mainland. Since the launching of “E-commerce Easy”, the number of applications received has been gradually increasing for each month. As at end September this year, 102 applications have been received. So far, eight applications have been approved or approved with conditions. Other applications are being processed earnestly by the BUD Fund Secretariat, the Hong Kong Productivity Council, which will complete the vetting as soon as possible upon receipt of clarification on the questions raised by the Secretariat and supplementary documents from applicant enterprises. So far, the average funding amount of the approved applications is about $470,000, whereas the largest funding amount approved is about $990,000.
     
    (2) The BUD Fund aims to assist Hong Kong enterprises in exploring more diversified markets through developing brands, upgrading business operations and developing sales. As such, the application eligibility is enterprise-based, requiring that an applicant enterprise must be registered in Hong Kong under the Business Registration Ordinance (Cap. 310) and has substantive business operations in Hong Kong, but is not premised on the registration location of the relevant intellectual property rights.
     
         Since the setting up of the BUD Fund in 2012, the requirement of having substantive business operations in Hong Kong has been in place, and was specified in the relevant Legislative Council Finance Committee paper for setting up the BUD Fund. As such, enterprises which solely operate outside Hong Kong do not meet the application eligibility. Considering that the BUD Fund involves public funds, we should focus the resources on enterprises with substantive business operations in Hong Kong in order to maximise the benefits brought about by the BUD Fund to Hong Kong’s economy and to such enterprises, thereby meeting the public expectation. We have no plan to relax this requirement.
     
         In fact, many Hong Kong enterprises have developed the Mainland and overseas markets with the BUD Fund’s support, including establishing new offices and retail points at target markets, purchasing machinery/equipment, placing advertisements, thereby benefiting their business operations in both Hong Kong and outside markets. Past success stories of different types of applications are set out on the website of the BUD Fund for the reference of applicant enterprises.
     
         Since the launching of the BUD Fund in 2012, the Government has kept on reviewing and enhancing its operational arrangements from time to time, having regard to market changes and the needs of the trade. Over the years, the Government has launched a number of enhancement measures, including expanding the geographical scope of the BUD Fund in phases from only the Mainland originally to 39 economies at present, gradually increasing the cumulative funding ceiling per enterprise from $500,000 to $7 million, launching “Easy BUD” in June 2023 to expedite the processing of applications involving designated measures with a smaller funding amount, as well as launching “E-commerce Easy” in July this year to assist enterprises in developing the Mainland sales market through e-commerce business.
     
         In the 2024 Policy Address released earlier, the Chief Executive announced the injection of $1 billion into the BUD Fund to assist SMEs in upgrading their business operations and developing new markets. In view of the rapid development of the e-commerce market of the Association of Southeast Asian Nations (ASEAN), and that the ASEAN is Hong Kong’s second-largest trading partner, the geographical coverage of “E-commerce Easy” will be expanded to the 10 ASEAN countries to support enterprises to develop the ASEAN market through digital transformation. We will also provide more targeted funding support for SMEs to implement green transformation projects. We expect that the above measures will be rolled out in the first half of 2025.
     
    (3) The funding scope of the BUD Fund – “E-commerce Easy” is broad and covers many measures related to e-commerce, including the establishment of online stores on third-party online sales platforms and placing advertisements (including the engagement of ambassadors/key opinion leaders to promote products), development and enhancement of mobile applications and websites (such as adding online payment function and chatbot on enterprises’ websites). On the condition that the existing guidelines and other funding criteria can be satisfied, the use of technological services or plans (including artificial intelligence technology) by enterprises to implement the above measures for developing e-commerce business is within the funding scope of “E-commerce Easy”.

    MIL OSI Asia Pacific News

  • MIL-OSI Submissions: Japan: Momentum for marriage equality grows with Tokyo High Court ruling – Amnesty International

    Source: Amnesty International

    In response to today’s Tokyo High Court ruling recognizing the unconstitutionality of Japan’s ban on same-sex marriage, Amnesty International’s East Asia Researcher Boram Jang said:

    “This decision marks a critical step towards marriage equality in Japan and offers renewed hope to same-sex couples across the country.

    “This case is also a reminder of the lengthy and fragmented legal battles couples must endure to exercise rights to equality that should already be protected. It is an injustice that weighs heavily on their lives.

    “The Japanese government must take action to legalize same-sex marriage across the country. It is time to introduce national legislation that brings marriage equality to everyone in Japan, rather than relying on inconsistent and inadequate responses at the local government level. All couples, no matter their gender or sexual orientation, deserve the same legal rights, protections, and the dignity that comes with recognition under the law.”

    Background

    The Tokyo High Court decision on 30 October marks another important development in Japan’s ongoing struggle for marriage equality. The court ruled that Japan’s ban on same-sex marriage was unconstitutional as it violates Article 14(1) and Article 24(2) of the Constitution. The legal battle for LGBTI equality has been fraught with key victories and setbacks over recent years.

    In March 2021, the Sapporo District Court made a landmark decision, ruling that the government’s failure to recognize same-sex marriage was unconstitutional under Article 14 of the Constitution, which guarantees equality under the law. This initial victory gave hope to same-sex couples across the country.

    In March 2024, the Sapporo High Court became the first high court to rule on the issue, upholding the district court’s finding that the ban on same-sex marriage was unconstitutional. This ruling reinforced the growing trend toward equality, increasing pressure on the Japanese government to address legal gaps. A Tokyo District Court decision, also handed down March 2024, mirrored that of the Sapporo High Court.

    However, the path to marriage equality has been complicated. In June 2022, the Osaka District Court rejected claims by same-sex couples, ruling that the Constitution did not require the recognition of same-sex marriage, a setback for the rights of LGBTI persons. In May 2023, the Nagoya District Court restored momentum by recognizing that denying same-sex couples the right to marry constituted discrimination.

    The Fukuoka District Court in June 2023 acknowledged flaws in the legal framework but maintained that legislative reform – not judicial rulings – was the appropriate way to address the issue. The Tokyo District Court reached a similar verdict in November 2022.

    Presently, couples must rely on the limited recognition provided by local governments. For example, in November 2022, the Tokyo Metropolitan Government introduced a partnership certificate scheme. While these certificates offer some recognition, they do not provide essential rights such as inheritance, spousal visas, or parental recognition.

    MIL OSI – Submitted News

  • MIL-OSI Asia-Pac: XRL popular among passengers

    Source: Hong Kong Information Services

    In the first nine months of 2024, the Guangzhou-Shenzhen-Hong Kong Express Rail Link (XRL) Hong Kong Section recorded an average daily patronage of about 70,000 passenger trips, Secretary for Transport & Logistics Lam Sai-hung said today.

    Responding to questions from lawmaker Yiu Pak-leung in the Legislative Council, Mr Lam said the services of the XRL Hong Kong Section have been popular among passengers, adding that the total number of passenger trips in the first nine months this year is approaching the annual total of approximately 20 million passenger trips in 2023.

    According to the ticket sales provided by the MTR Corporation (MTRC), for short-haul destinations, more than 60% of short-haul passengers are destined for stations in Shenzhen, i.e. Futian and Shenzhenbei.

    Nearly 30% are destined for Guangzhoudong and Guangzhounan, while less than 10% travel to the remaining short-haul destinations, i.e. Guangmingcheng, Humen, Qingsheng, Dongguannan, Changping and Dongguan. 

    Regarding the proposal of introducing Xintang Station – located at the core of the new development area in the eastern part of Guangzhou – as a directly connected destination to the XRL Hong Kong Section, Mr Lam said the MTRC and the Mainland railway authorities are actively looking into the matter, with a view to offering passengers a more convenient and comfortable travel experience, while facilitating the flow of people between the two places.

    The transport chief also pointed out that a sleeper train service between Hong Kong West Kowloon Station and Beijingxi Station/Shanghai Hongqiao Station was introduced on the XRL Hong Kong Section on June 15, with trains departing in the evening and arriving the following morning.

    This arrangement was an upgrade of the original ordinary-speed train service between the Hong Kong Hung Hom Station and Beijing/Shanghai, and reduced the journey time by almost half, he said.

    Mr Lam noted that the sleeper train service to Beijing and Shanghai was further upgraded in October, by deploying Fuxing high-speed sleeper trains to serve passengers, along with adjustments to routes and departure times.

    In addition, he said the Hong Kong Special Administrative Region Government and the MTRC have been actively observing the development of the Mainland’s high-speed rail network and striving to further introduce destinations directly connected to the XRL Hong Kong Section, so as to provide passengers with more diversified options and services.

    Regarding the western region of the Mainland, direct train services are currently available at Hong Kong West Kowloon Station, serving stations such as Chengdudong, Chongqing and Kunming.

    As for the introduction of direct sleeper trains to those destinations, he said various considerations and the arrangement of different railway authorities are involved.

    The Hong Kong SAR Government and the MTRC will maintain liaison and co-ordination with the Mainland railway authorities and relevant departments to explore feasible options for further enhancing the service of the XRL Hong Kong Section, Mr Lam added.

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: LCQ17: Protecting the rights and interests of consumers

    Source: Hong Kong Government special administrative region

         Following is a question by Professor the Hon Priscilla Leung and a written reply by the Secretary for Commerce and Economic Development, Mr Algernon Yau, in the Legislative Council today (October 30):
     
    Question:
     
         It has been reported that a chain fitness and beauty group suddenly announced its “temporary business suspension” last month. As at the middle of last month, the Consumer Council received a total of 3 861 relevant complaints, involving a total amount of nearly $130 million, with an average amount of about $33,000 per case, and the largest amount involved in a single complaint was about $1.81 million. Regarding protecting the rights and interests of consumers, will the Government inform this Council:
     
    (1) whether it will re-activate the legislative exercise to stipulate a statutory cooling-off period for beauty and fitness services consumer contracts; if so, of the details; if not, the reasons for that;
     
    (2) whether it will consider establishing new industry rules for the beauty and fitness industries, so as to protect the rights and interests of consumers; if so, of the details; if not, the reasons for that; and
     
    (3) whether it will consider setting up an interdepartmental task force to roll out publicity and education programmes (especially targeting underprivileged groups such as poor elders), so as to help members of the public become smart consumers and avoid suffering losses; if so, of the details; if not, the reasons for that?
     
    Reply:
     
    President,
     
         The Government of the Hong Kong Special Administrative Region is highly concerned about the recent incident involving the temporary business suspension suddenly announced by a chain fitness and beauty group, and has formed an inter-departmental dedicated investigation team to follow up. The dedicated investigation team, which comprises the Commerce and Economic Development Bureau, the Security Bureau, the Customs and Excise Department (C&ED), the Hong Kong Police Force (Police) and the Consumer Council (Council), continues to closely monitor the developments of the incident. In particular, the C&ED and the Police are conducting intensive investigation from the perspectives of offences regarding the unfair trade practices under the Trade Descriptions Ordinance (Cap. 362) (the Ordinance) and whether other criminal offences are involved respectively.
     
         The reply to the various parts of the question is as follows:
     
    (1) and (2) In view of the unfair trade practices involving prepaid mode of consumption (in particular the situation of fitness centres and beauty parlours using aggressive tactics to sell services that involve large amount of prepayments), the Government conducted a three-month public consultation in 2019 to solicit views on the proposal to stipulate a statutory cooling-off period for beauty and fitness services consumer contracts through legislation. However, shortly after the public consultation, there have been drastic changes in the social environment, economic situation and consumption sentiment since the second half of 2019.
     
         We are aware that different sectors of the community have put forward various suggestions in respect of offering better protection to consumers who make prepayments (including stipulating a statutory cooling-off period, imposing a cap on the length of prepayment contracts and prepayment amounts, and setting up trust accounts), after this incident of the chain fitness and beauty group announcing temporary business suspension. We will conduct an in-depth study into different suggestions and consider their pros and cons and feasibility, with reference to the experience of this incident, other relevant factors (including the economic environment, the operating situation of relevant industries and relevant complaint and enforcement statistics) and the experience in other jurisdictions, with a view to formulating appropriate strategies to strengthen the protection of consumers’ rights and interests.
     
    (3) Currently, various laws in Hong Kong protect consumers’ rights and interests. Among others, the Ordinance covers goods and services, and prohibits traders from subjecting consumers to unfair trade practices, including false trade descriptions, misleading omissions, aggressive commercial practices, bait advertising, bait-and-switch and wrongly accepting payment. The Ordinance is applicable to the trade practices of both physical and online traders.
     
         The C&ED is the principal enforcement agency of the Ordinance, and adopts a three-pronged approach, covering enforcement actions, compliance promotion and publicity and public education, to combat unfair trade practices proactively. Meanwhile, the Council endeavours to study and promote the protection of consumers’ rights and interests, and carries out its statutory functions in accordance with the Consumer Council Ordinance (Cap. 216), including handling complaints from consumers and resolving disputes between consumers and traders.
     
         The C&ED and the Council have been maintaining close communication with each other, and have been collaborating with other government departments and social service organisations, etc, to jointly promote the protection of the rights and interests of consumers (including the elderly and other vulnerable groups). They also adjust and strengthen the strategies and work in respect of publicity and public education, having regard to the complaints and the enforcement situation. Among others, the relevant publicity and public education work includes:
     
    (i) Conducting talks and workshops for the elderly and other vulnerable groups (and their family members and carers), with a view to enhancing their understanding of common unfair trade practices and sharing with them tips about “smart consumption”, so as to prevent them from falling into sales pitfalls.
     
         In particular, targeting common unfair trade practices, the C&ED conducts talks for the elderly and joins hands with the Police, District Councils and District Fight Crime Committees to carry out promotion by distributing promotional leaflets to the elderly, with a view to enhancing the elderly’s understanding of the Ordinance and awareness of “smart consumption”.
     
    (ii) Conducting dedicated educational programmes to enhance the capability of the elderly and other vulnerable groups to guard against unfair trade practices.
     
         In particular, the Council conducts the Educator Scheme for Senior Citizens, which provides consumer education training to soon-to-be retirees and retirees so as to equip them to host consumer educational talks for other elderly in the community. The Council’s Support Programme for Persons with Special Needs, through virtual reality role-play simulations that cover different scenarios (for example those about the sales pitfalls of fitness and beauty centres), allows persons with special needs to better grasp the skills for guarding against common sales pitfalls.
     
    (iii) Disseminating consumer information to facilitate consumers to make informed consumption decisions.
     
         In particular, the Council publishes product tests, service surveys, consumption tips and complaint case sharing, etc, in its CHOICE magazine, providing practical consumer information to different groups of consumers (including the elderly and other vulnerable groups).

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Hong Kong Customs detects electronic waste export case worth about $40 million involving ocean-going vessel (with photo)

    Source: Hong Kong Government special administrative region

    Hong Kong Customs detects electronic waste export case worth about $40 million involving ocean-going vessel (with photo)
    Hong Kong Customs detects electronic waste export case worth about $40 million involving ocean-going vessel (with photo)
    ******************************************************************************************

         Hong Kong Customs on September 23 seized a large batch of electronic waste, with an estimated market value of about $40 million, at the Kwai Chung Container Terminals. The electronic waste was suspected to be illegally exported to Malaysia by an ocean-going vessel.      Through intelligence analysis and risk assessment, Customs earlier identified an ocean-going vessel preparing to depart from Hong Kong for Malaysia for inspection. Subsequently, Customs officers took enforcement action on September 23 and seized a large batch of electronic waste aboard the vessel, including different types of batteries, without an export permit. The batch had an estimated market value of about $40 million.     The case was handed over to the Environmental Protection Department for investigation.     According to the Waste Disposal Ordinance, it is an offence for anyone to import or export hazardous waste without obtaining a valid permit beforehand. First-time offenders are liable to a maximum fine of $200,000 and six month’s imprisonment. For subsequent offences, offenders are liable to a fine of $500,000 and two year’s imprisonment.     Members of the public may report any suspected smuggling activities to Customs’ 24-hour hotline 182 8080 or its dedicated crime-reporting email account (crimereport@customs.gov.hk) or online form (eform.cefs.gov.hk/form/ced002).

     
    Ends/Wednesday, October 30, 2024Issued at HKT 17:30

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    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: LCQ13: Promoting students’ physical and mental health

    Source: Hong Kong Government special administrative region

    LCQ13: Promoting students’ physical and mental health
    LCQ13: Promoting students’ physical and mental health
    *****************************************************

         Following is a question by Dr the Hon Hoey Simon Lee and a written reply by the Secretary for Education, Dr Choi Yuk-lin, in the Legislative Council today (October 30): Question:      Last year, the Ministry of Education issued the Special Action Plan for Comprehensively Strengthening and Improving the Mental Health Education for Students in the New Era (2023-2025), pointing out that promoting the physical and mental health and all-round development of students is an important issue. However, there are views pointing out that a number of student suicide cases were reported in Hong Kong at the beginning of the school year in September this year, highlighting the critical situation of students’ mental health and the need for the Government to strengthen the co-operation among schools, families and the community in order to establish a more comprehensive support system. In this connection, will the Government inform this Council: (1) whether it will review afresh the Three-Tier School-based Emergency Mechanism implemented in December last year in order to strengthen the assistance to schools in early identifying students with higher suicidal risk and providing them with appropriate support expeditiously; (2) whether it will formulate quantifiable guidelines (e.g. setting maximum daily homework load) based on the four elements (i.e. Rest, Relaxation, Relationship and Resilience) and the objectives for promoting mental health covered in the Education Bureau’s 4Rs Mental Health Charter to enable schools to take practical actions to reduce student stress; (3) whether it will further implement small class teaching and improve the teacher-student ratios so as to increase the level of student participation and the opportunities for teacher-student interaction, so that teachers can better understand the individual needs and challenges of each student, thereby enhancing the care and counselling for individual students; (4) whether it will improve the resources for life-wide learning so that schools can be more flexible in applying them to help students achieve the aims of whole-person development; (5) whether it will strengthen the comprehensive implementation of positive education and the establishment of a caring school culture, so as to enhance the sense of well-being in schools; and (6) as some studies have pointed out that the emotional stress of teachers and parents positively correlates with the depression level of students, whether the authorities will introduce various activities and measures (e.g. streamlining the administrative work of schools) at the level of teachers and parents to relieve their emotional stress, so as to prevent their negative emotions from affecting students? Reply: President,      The Education Bureau (EDB) attaches great importance to physical and psychological well-being and whole-person development of students, and has been assisting schools in adopting the Whole School Approach at three levels, namely Universal, Selective and Indicated, to promote students’ mental health.      Our reply to the question raised by Dr the Hon Hoey Simon Lee is as follows: (1) The Government has implemented the Three-tier School-based Emergency Mechanism in all secondary schools in Hong Kong since December 2023 through cross-departmental collaboration among the EDB, the Social Welfare Department and the Health Bureau, working with the schools’ multidisciplinary teams, the off-campus support network and medical services for early identification and support of students with high risk. The 2024 Policy Address has announced to extend the Mechanism to the end of 2025 and that enhancement would be made to strengthen collaboration. The Government will continue to review the operation of the Mechanism. (2) The EDB implements the 4Rs Mental Health Charter in 2024 to foster the mental health of students, staff and parents in a more holistic manner. It is pleased to see that over 500 schools have joined the Charter. In the relevant circular memorandum, the EDB has set out the action pledges that participating schools have to achieve in relation to the four elements for promoting mental health (i.e. rest, relaxation, relationship and resilience). Schools are also required to implement various measures and organise activities for the promotion of students’ mental health starting from this school year to help students develop healthy living habits and positive interpersonal relationships, provide them with more opportunities to relax and reduce stress, and enhance their sense of well-being and resilience. In particular, schools should formulate an appropriate school-based assignment policy and co-ordinate the workload across different subjects to strike a balance between the quality and quantity of assignments. (3) It is an established government policy to implement small class teaching (SCT) in public sector primary schools. SCT is a teaching strategy that provides teachers with an environment conducive to greater flexibility in adopting different teaching strategies for diversified educational activities and promoting teacher-student and student-student interactions. Currently, over 90 per cent of public sector primary schools in Hong Kong have implemented SCT, achieving the target set in the 2022 Policy Address one year ahead of schedule. The EDB has also arranged nine schools to start implementing SCT in the 2025/26 school year. By then, the percentage of public sector primary schools implementing SCT will increase to nearly 95 per cent. The EDB will continue to prudently assess the circumstances of individual districts/school nets and maintain communication with schools to pragmatically and flexibly advance SCT in public sector primary schools as soon as possible.      The current standard class size of 25 for primary schools implementing SCT is smaller when compared to the average class size in some advanced places. For secondary schools, the current allocation class size of public sector secondary schools ranges from 31 to 34, while the actual average class size is just 27.1, which is comparable to those in other developed countries. With the implementation of various measures, the overall teacher-to-student ratios in public sector primary and secondary schools have been improving from 1:14.4 and 1:14.5 respectively in the 2012/13 school year to 1:11.9 and 1:11.1 respectively in the 2023/24 school year, which are better than those in most other regions, providing teachers with greater flexibility to nurture students’ whole-person development. (4) The EDB has been proactively encouraging schools to promote students’ life-wide learning in and outside the classroom.  Starting from the 2019/20 school year, the EDB has been providing a recurrent Life-wide Learning Grant (the Grant) to all public sector schools and schools under the Direct Subsidy Scheme each year, with the aim of supporting schools in organising more out-of-classroom experiential learning activities and procuring the necessary equipment, so as to enrich the learning experiences of students. In view of the latest education development and students’ needs, the EDB issued a circular in September this year to update the ambit and guidelines on the use of the Grant, related examples, etc, which includes encouraging schools to make good use of the Grant to organise activities relating to the promotion of students’ mental health, or procure related services, materials and learning and teaching resources. (5) The EDB has all along been encouraging schools to promote positive education and help students face challenges positively. In terms of curriculum, the EDB strives to nurture students with a positive and optimistic attitude towards life through values education. The Values Education Curriculum Framework (Pilot Version) released in 2021 has included “strengthening life education” as one of its emphases, with continuous support given to schools to foster students’ positivity and a positive and optimistic attitude towards life through learning as well as life-wide learning activities within and beyond the classroom. In addition, diversified student activities have been organised to help create a caring and harmonious campus atmosphere. Examples of such include the launch of the “Active Students, Active People” Campaign” to support schools in promoting physical activities; the organisation of Understanding Adolescent Project in primary schools, the Enhanced Smart Teen Project in secondary schools in collaboration with disciplinary forces and uniform groups, and the Pupil Ambassador Scheme on Positive Living to enhance students’ resilience through adventure-based, team-building and problem-solving training; and the “WE” Positive Dynamic Scheme and the “Gratitude, Forgiveness & Happiness Project” to help students build a positive self-image. Besides, the EDB has been organising the “Caring School Award Scheme” annually to recognise schools that are dedicated to implementing caring school measures, and encourage them to establish a caring school culture.  (6) In parallel, the EDB also concern about the mental health of teachers and parents. In this regard, the EDB has set up the Teachers’ Helpline to provide telephone counselling and follow-up services to help teachers cope with stress at work or emotional problems. There are also courses on stress management and promotion of physical and psychological well-being for teachers organised under the Teachers’ Helpline initiative. Over the past few years, the Quality Education Fund has subsidised various projects relating to teachers’ physical and psychological well-being, such as the Mindshift Educational Networking Programme launched by the University of Hong Kong to help teachers learn how to relieve stress. In the 2023/24 school year, the EDB organised a total of 48 workshops and courses for teachers, covering topics such as mental health, expressive arts, mindfulness and physical health. The EDB will continue to organise such workshops and courses for teachers.       The EDB has implemented various new initiatives in recent years to allocate additional manpower and resources to support teachers’ work continuously. Examples of the related measures include increasing the teacher-to-class ratio for public sector schools by 0.1 across-the-board starting from the 2017/18 school year to enhance their teaching manpower; providing additional regular teaching posts for schools; providing cash grants for schools to hire additional teaching and non-teaching staff; and implementing the “One Executive Officer for Each School” policy starting from the 2019/20 school year so as to reduce the administrative work of teachers, thereby creating more room for them.      For parents, the EDB has been implementing the territory-wide Positive Parent Campaign since 2020 to foster parents’ positive thinking and attitudes. The focus of the Positive Parent Campaign this year is to encourage parents and children to develop a healthy lifestyle together, and help parents take good care of the physical and psychological well-being of themselves and their children. In addition, the EDB has introduced the Curriculum Frameworks on Parent Education for kindergartens, primary schools and secondary schools respectively, providing reference for schools and other organisations in designing parent education programmes or activities, and one of the four core strands of the Curriculum Frameworks is “Promotion of Parents’ Physical and Psychological Well-being”. Starting from the 2022/23 school year, the EDB has been organising parent education courses and talks for parents of kindergarten and primary school students based on the Curriculum Frameworks. The themes include how to help children cope with stress, and exercising empathy to help children understand, express and regulate their emotions. Meanwhile, the EDB has all along been making use of the one-stop parent education website “Smart Parent Net” to provide information on positive parenting, emotional management of parents, etc. In the 2024/25 school year, the EDB will organise more thematic parent education programmes, and promote positive parent education and enhance parents’ awareness of children’s mental health through diversified modes such as district-based film gala presentations.

     
    Ends/Wednesday, October 30, 2024Issued at HKT 17:35

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    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Alert issued on fraudulent website

    Source: Hong Kong Information Services

    The Housing Department today alerted the public to a fraudulent website purporting to be the Cash Allowance Trial Scheme’s website and that seeks to obtain people’s personal and credit card information.

    The fraudulent website is “https://cashalwaysget_hk2024.site”.

    The department made it clear that the fraudulent website has no connection with the scheme and the case has been referred to Police for follow-up.

    Anyone who has provided personal information to the website should contact Police. Call 3105 3333 for enquiries.

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: CS to visit Guangzhou

    Source: Hong Kong Government special administrative region

    CS to visit Guangzhou
    CS to visit Guangzhou
    *********************

         The Chief Secretary for Administration, Mr Chan Kwok-ki, will depart for Guangzhou tomorrow evening (October 31) to attend the flag presentation and farewell ceremony of China’s 41st Antarctic expedition team, to be held the next day.     Mr Chan will return to Hong Kong on November 1. 

     
    Ends/Wednesday, October 30, 2024Issued at HKT 18:00

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    MIL OSI Asia Pacific News

  • MIL-OSI Economics: Secretary-General of ASEAN meets with Minister of Labour and Vocational Training of the Kingdom of Cambodia

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, this afternoon met with Minister of Labour and Vocational Training of Cambodia, H.E. Heng Sour, on the sidelines of the 28th ASEAN Labour Ministers’ Meeting (ALMM), on 30 October 2024, in Singapore. They exchanged views on the follow-up actions to the ASEAN Guidelines on Portability of Social Security Benefits for Migrant Workers in ASEAN, which was championed by Cambodia and adopted by the ALMM this year. Dr. Kao expressed the ASEAN Secretariat’s readiness to fully support Cambodia-led regional initiatives as well as that of other ASEAN Member States in order to advance social protection for all workers and to strengthen resilience and competencies of workforce in the region.

    The post Secretary-General of ASEAN meets with Minister of Labour and Vocational Training of the Kingdom of Cambodia appeared first on ASEAN Main Portal.

    MIL OSI Economics

  • MIL-OSI Banking: Secretary-General of ASEAN meets with Minister of Labour and Vocational Training of the Kingdom of Cambodia

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, this afternoon met with Minister of Labour and Vocational Training of Cambodia, H.E. Heng Sour, on the sidelines of the 28th ASEAN Labour Ministers’ Meeting (ALMM), on 30 October 2024, in Singapore. They exchanged views on the follow-up actions to the ASEAN Guidelines on Portability of Social Security Benefits for Migrant Workers in ASEAN, which was championed by Cambodia and adopted by the ALMM this year. Dr. Kao expressed the ASEAN Secretariat’s readiness to fully support Cambodia-led regional initiatives as well as that of other ASEAN Member States in order to advance social protection for all workers and to strengthen resilience and competencies of workforce in the region.

    The post Secretary-General of ASEAN meets with Minister of Labour and Vocational Training of the Kingdom of Cambodia appeared first on ASEAN Main Portal.

    MIL OSI Global Banks

  • MIL-OSI Asia-Pac: HK Cricket Sixes gets ‘M’ Mark status

    Source: Hong Kong Information Services

    The Major Sports Events Committee today announced that it has awarded “M” Mark status to the Hong Kong Cricket Sixes 2024, which will be held at the Tin Kwong Road Recreation Ground from Friday to Sunday.

    Major Sports Events Committee Chairman Wilfred Ng said Hong Kong is hosting this tournament again after seven years, adding that the committee looks forward to bringing in more visitors from abroad, thereby strengthening Hong Kong’s position as a centre for major international sports events.

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Secretary for Health attends 2024 GBA Medical Products Administration Conference in Zhuhai (with photos)

    Source: Hong Kong Government special administrative region

         The Secretary for Health, Professor Lo Chung-mau, led a delegation to attend the 2024 Guangdong-Hong Kong-Macao Greater Bay Area (GBA) Medical Products Administration Conference in Zhuhai today (October 30), and introduced the latest initiatives of developing Hong Kong into an international health and medical innovation hub as put forth in “The Chief Executive’s 2024 Policy Address”.
     
         Co-organised by the Guangdong Provincial Medical Products Administration, the Department of Health of the Hong Kong Special Administrative Region (HKSAR) Government and the Pharmaceutical Administration Bureau of the Macao SAR Government, the Conference serves as a platform for Guangdong, Hong Kong and Macao to share their work experience in drug regulation, enhance the work mechanism for collaboration on drug and medical device regulation in the GBA, and foster the innovation development of drug and medical device regulation in the region. Deputy Commissioner of the National Medical Products Administration Mr Zhao Junning also attended the Conference.

         During the Conference, representatives from Guangdong, Hong Kong and Macao exchanged views on the current situation of regulation over drugs and medical devices in the three places, the mechanism for regulatory collaborations on drugs and medical devices in the GBA, the GBA standards for Chinese medicines (CM), as well as the feasibility of streamlining the registration and approval procedures for Hong Kong- and Macao-registered traditional proprietary CM for oral use for sale in the Mainland, and had an in-depth discussion on the way forward.
     
         Professor Lo updated the attendees with the latest developments of Hong Kong’s healthcare policies put forward in “The Chief Executive’s 2024 Policy Address”, including complementing technological innovation with institutional innovation through expediting the reform of the approval mechanism for drugs and medical devices, strengthening biomedical technology research and development (R&D) and translation, and promoting the internationalisation of CM. 

         Professor Lo said, “The HKSAR Government is determined to develop Hong Kong into an international health and medical innovation hub and expedite the provision of advanced diagnostic and treatment services to patients by leveraging the advantages of ‘one country, two systems’ and Hong Kong’s healthcare professional system, while actively integrating into the national development by dovetailing with the national initiative of fostering new quality productive forces in biomedical technology as set out in the Resolution of the Communist Party of China (CPC) Central Committee on Further Deepening Reform Comprehensively to Advance Chinese Modernization and the Development Plan for Shenzhen Park of Hetao Shenzhen-Hong Kong Science and Technology Innovation Co-operation Zone. The HKSAR Government will enhance Hong Kong’s clinical trial capability and facilitate the translation of innovative biomedical research results into clinical applications by rendering firm support to innovation and application of advanced biomedical technology, with a view to attracting the world’s top-notch biomedical enterprises and R&D institutions to set up operations in Hong Kong.”

         Members of the Hong Kong delegation include the Director of Health, Dr Ronald Lam; Principal Assistant Secretary for Health Mr Gordon Chong; the Assistant Director of Health (Health Sciences and Technology), Dr Liza To; the Assistant Director of Health (Drug), Mr Frank Chan; and the Acting Assistant Director of Health (Chinese Medicine), Mr Robert Law. The delegation will return to Hong Kong this evening.         

    MIL OSI Asia Pacific News