NewzIntel.com

Category: China

  • MIL-OSI China: Hong Kong sees brisk ETF trading in first 9 months

    Source: China State Council Information Office

    Hong Kong’s average daily turnover of ETFs reached 13 billion Hong Kong dollars (about 1.67 billion U.S. dollars) in the first three quarters of 2024, up 10 percent from the 2023 full-year average, local data showed on Tuesday.

    The increase widens to 32 percent when compared to the average in full year 2022, said Joseph Chan, acting secretary for Financial Services and the Treasury of the Hong Kong Special Administrative Region (HKSAR) government, at the ETF Summit 2024 hosted by the Hong Kong Exchanges and Clearing Limited (HKEX).

    Since launching the first ETF (Exchange-Traded Fund) in 1999, HKEX has become one of the largest and most active ETF exchanges in Asia, said Chan.

    The listing of Asia’s first ETF tracking the Saudi Arabian market in Hong Kong in November 2023 as well as the listing of two ETFs tracking Hong Kong stocks in Saudi Arabia last month will help diversify Hong Kong’s capital sources while boosting market liquidity, he said.

    About 200 ETF products are now listed in Hong Kong with a total market capitalization of 60 billion U.S. dollars, according to Wilfred Yiu, deputy chief executive officer of the HKEX Group.

    MIL OSI China News –

  • MIL-OSI China: US stocks advance on upbeat investors’ sentiment over US election

    Source: China State Council Information Office

    U.S. stocks surged on Tuesday as voters headed to the polls on Election Day, reflecting market optimism and hopes for a positive outcome in the election amid strong trading activity.

    The Dow Jones Industrial Average rose 427.28 points, or 1.02 percent, to 42,221.88. The S&P 500 added 70.07 points, or 1.23 percent, to 5,782.76. The Nasdaq Composite Index increased 259.19 points, or 1.43 percent, to 18,439.17.

    All of the 11 primary S&P 500 sectors ended in green, with consumer discretionary and industrials leading the gainers by adding 1.83 percent and 1.67 percent, respectively. Materials posted the weakest growth, up by 0.20 percent.

    The presidential race between U.S. Vice President Kamala Harris and former President Donald Trump has great implications for U.S. stock markets in the coming years.

    Still, market players have different interpretations of the rally on Tuesday in regard to the 2024 general election.

    “I think it’s been betting on a Trump victory. I think that’s why you’ve seen today is such a strong move,” said Timothy Anderson, managing director with MND Partners, division of TJM Investments, LLC.

    Market participants have also been following betting markets and Trump’s chance of winning the presidential election topped 60 percent on the betting market, Anderson told Xinhua on the trading floor of the New York Stock Exchange.

    “My feel is clearly projecting the strong likelihood of a Trump win,” said Anderson.

    The cause of Tuesday’s rally could be “that they are feeling that today the poll is showing that Kamala is going to win. I think that’s where the rally comes from, but what we won’t know till tomorrow,” said Peter Tuchman, senior equity floor broker with TradeMas Inc.

    Tuchman told Xinhua that the market rally in the last four years is a function of the current administration though some Trump followers believe the rally in last month is a function of the atmosphere of a Trump win.

    As Americans head to the polls in a closely contested presidential race between Harris and Trump, investors are preparing for potential market volatility, especially given the possibility of delays or disputes in determining the final outcome.

    “There’s been a lot of hedging against potential uncertainty, potential drama out of Washington. We’ve seen that. And now as we’re at Election Day, we kind of are optimistic that maybe some of that can unwind,” said Ryan Detrick, chief market strategist at Carson Group.

    If Trump prevails in the presidential election, that could cause a dislocation in the market as he is seen as a wild card, said Tuchman.

    Tuchman noted that there’s plenty of uncertainty around the election and it’s not reflected in the market.

    The market is above this sentiment around politics and it’s never been a big factor, added Tuchman.

    “If it becomes a very, very contested election that gets dragged out in the legal system for a couple of weeks. I think the market would not like that… that would be one downside risk,” said Anderson.

    Anderson added if Harris wins the election, a lot of this anticipation trade would have to get unwound and “you might have a 4 percent to 8 percent correction.”

    Beyond the election, the Federal Reserve’s November policy decision is fast approaching, with Election Day adding another layer of significance. Fed Chair Jerome Powell is widely anticipated to announce a 25 basis point rate cut at the conclusion of the two-day meeting on Thursday.

    MIL OSI China News –

  • MIL-OSI China: Moves seen helping boost consumption

    Source: China State Council Information Office

    China’s recent introduction of a potent stimulus policy package, including dedicated efforts to shore up consumer spending, will provide massive opportunities for global businesses keen to tap into its super-sized market and facilitate the transition toward a consumption-led growth model, global executives said on Tuesday.

    In particular, the China International Import Expo, running from Tuesday to Sunday in Shanghai, will play a key role in scaling up imports of quality goods and services and boosting the country’s consumption upgrading, they said during the ongoing trade event.

    Noting the great confidence in China’s consumption landscape, Jean-Paul Agon, L’Oreal Group chairman, said that the optimism is rooted in China’s vision for modernization, especially driven by recent government initiatives.

    Both national and local authorities have rolled out policy measures to bolster consumer confidence and unlock the full potential of domestic demand, he said.

    Governmental stimulus is key to elevating consumer sentiment, and this significant support will be instrumental in upgrading consumption and driving high-quality development, he added.

    China has solidified its position as the world’s second-largest consumer market for several consecutive years, and the trend continues to hold strong this year, said Li Gang, director-general of the department of market operation and consumption promotion of the Ministry of Commerce.

    Consumption has remained the primary driving force for China’s economic development as the growth in consumption contributed 49.9 percent to GDP growth in the first three quarters, said the Bureau of National Statistics.

    “The future of consumption in China is full of potential. That is why we at L’Oreal firmly believe that the next China is China, and that investing in China is investing in our future,” Agon said.

    Notably, the CIIE has emerged as a critical channel for expanding imports of high-quality goods and services to cater to the growing demand of the Chinese people and create more development opportunities for enterprises from all over the world.

    This year’s expo has set new benchmarks, drawing the participation of 3,496 exhibitors from 152 countries and regions — the highest number represented in the event’s history.

    As China’s consumption-driven economic transformation continues to gain momentum, the CIIE has emerged as an indispensable gateway for international enterprises to showcase their latest innovations.

    Healthcare company Abbott has utilized the expo as a significant platform to showcase hundreds of its latest products over the years, with many of them successfully transitioning from exhibition items to commercially available goods.

    This year, the company is again leveraging the CIIE stage to debut dozens of new-to-market products, said Fanny Chen, vice-president of Abbott Core Diagnostics, adding that this will allow the company to better understand the evolving needs of Chinese consumers and tailor its products accordingly.

    Between January and September, the total number of new consumer products launched nationwide came in at 15.18 million, representing a 13.1 percent year-on-year growth, according to data from the State Administration for Market Regulation.

    The sheer size and growth potential of the Chinese market make it a highly attractive and strategic destination for any businesses looking to expand their global footprint, Chen said.

    Moreover, the expo will significantly enrich China’s supply-side and bring new development frontiers for the country’s enterprises, said Wang Wei, senior research fellow at the Institute of Market Economy, which is part of the Development Research Center of the State Council.

    The trade event brings together a vast array of premium global brands and service providers that will introduce a wide range of cutting-edge products, technologies and services from around the world, Wang said.

    MIL OSI China News –

  • MIL-OSI China: China import expo attractive to global exhibitors

    Source: China State Council Information Office

    Chinese Premier Li Qiang pledged to open the country’s huge market further to share more growth opportunities with the rest of the world on Tuesday as the seventh edition of the China International Import Expo (CIIE) opened in Shanghai.

    Chinese Premier Li Qiang delivers a keynote speech at the opening ceremony of the seventh China International Import Expo and the Hongqiao International Economic Forum in east China’s Shanghai, Nov. 5, 2024. [Photo/Xinhua]

    The business exhibition of the world’s first national-level exposition dedicated to imports has attracted about 3,500 exhibitors from 129 countries and regions this year. Notably, a record high of 297 Fortune 500 companies and industry leaders are attending the six-day expo. And more than 400 new products, new technologies and new services are unveiled.

    Experts believe the large scale of the expo highlighted the global companies’ confidence in the Chinese market and their commitment to further development in China despite the sluggish global economic recovery.

    Enormous market

    China is willing to open up its enormous market further and will continue to expand market access to sectors including telecommunications, the internet, education, culture and healthcare in an orderly fashion, Premier Li said in a keynote speech at the opening ceremony of the 7th CIIE.

    The sound fundamentals of the Chinese economy remain unchanged, according to Li, adding that the country’s new growth drivers are fast-growing, with double-digit investment growth in high-tech industries and development booms in emerging industries including artificial intelligence, advanced manufacturing and the green economy.

    During a meeting on Monday with select exhibitors and buyers attending the expo, Li said that China is able to sustain steady economic recovery, improve the quality and capacity of its market, and provide more extensive growth space for global businesses in terms of trade, investment and innovation. He added that the Chinese market is still one of the best choices for companies worldwide.

    The keen interest from global participants has shown the growing influence of the CIIE and the charm of the Chinese market and also highlighted China’s determination to push forward the building of an open world economy, said Zhao Fujun, a researcher with the Development Research Center of the State Council.

    In 2018, China inaugurated the CIIE to build an open platform for international trade cooperation and to support free trade and economic globalization, making it a “golden gateway” to the world’s second-largest consumer market.

    This photo taken on Nov. 5, 2024 shows the Tanzania Pavilion during the seventh China International Import Expo (CIIE) in east China’s Shanghai. [Photo/Xinhua]

    More than 420 billion U.S. dollars worth of tentative deals were signed at the CIIE’s earlier six editions since 2018. Beyond the event, global companies can reach a larger customer base and make further investments in the country.

    Toshinobu Umetsu, president and CEO of Shiseido China, said he is very inspired and encouraged by Premier Li’s emphasis on China’s commitment to continuing high-level opening-up and to sharing development opportunities with the rest of the world.

    The Japanese cosmetics giant will continue to strengthen its long-term investment in China. It has never wavered in its confidence and determination to invest in China, as the incredible vitality and resilience of the Chinese market make it a very important international market, Umetsu said.

    German healthcare and agribusiness giant Bayer AG is among more than 180 companies and institutions that have attended all seven editions of the CIIE since 2018.

    Bayer’s participation at the expo demonstrates its unwavering commitment to this important market, said Bill Anderson, chairman of Bayer AG Management Board.

    “International cooperation and economic globalization are important factors in the world’s development. That’s why Bayer is glad to be part of the expo for the seventh consecutive year,” said Anderson.

    New opportunities

    The CIIE unlocks new opportunities for the world, Bayer said, adding that it will actively leverage this vital platform to continuously unleash its innovative potential while looking forward to forging partnerships with global collaborators.

    A visitor learns about a bronchoscope robot at the exhibition area of Intuitive Fosun during the seventh China International Import Expo (CIIE) in east China’s Shanghai, Nov. 5, 2024. [Photo/Xinhua]

    Penne Kehl, Asia Pacific Group president of Cargill Agriculture and Trading, expects a very busy schedule at the import expo, including meeting with customers and partners and signing a few important deals and partnerships. U.S. food giant Cargill has participated in CIIE for seven consecutive years.

    As its influence grows, the expo is attracting new foreign enterprises over the years. Canadian sportswear giant Lululemon is among the first-time participants.

    The Chinese mainland is Lululemon’s largest market outside of North America and is also one of the most dynamic and exciting ones, which is key to driving the company’s international business, said Calvin McDonald, CEO of Lululemon.

    “It’s an exciting opportunity to showcase the brand, drive awareness to our growth story and what we have planned for the future,” said McDonald. He added that Lululemon will continue to open more stores in the country, adding to its current 137 stores in 41 cities.

    China offers free booths and other support measures to 37 least-developed countries to help them showcase their products at the import expo. It also expanded the exhibition area for African agricultural products.

    China has been opening up its market to Africa, enabling transformation on the African continent, said Peter Kagwanja, founder and president of the Africa Policy Institute.

    MIL OSI China News –

  • MIL-OSI China: World leaders hail CIIE’s role in promoting trade, development

    Source: China State Council Information Office

    Director-General of the World Trade Organization (WTO) Ngozi Okonjo-Iweala delivers a video speech during the opening ceremony of the seventh China International Import Expo (CIIE) and the Hongqiao International Economic Forum at the National Exhibition and Convention Center (Shanghai) in east China’s Shanghai, Nov. 5, 2024. [Photo/Xinhua]

    Leaders from various countries and global organizations speak highly of the China International Import Expo’s (CIIE) role in promoting multilateral trade and common development.

    The seventh CIIE, running from Tuesday to Sunday in Shanghai, hosts 3,496 exhibitors from 129 countries and regions, as a world business gala.

    World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala noted that since joining the WTO in 2001, China has been a strong supporter of the organization and played a key role in building capacity for least-developed countries.

    “As geopolitical tensions intensify and signs of fracturing and fragmentation emerge in global trade and investment, it is crucial for political and business leaders around the world to collaborate on preserving and reforming the multilateral trading system to reflect the changing economic landscape,” she said.

    Rebeca Grynspan Mayufis, secretary-general of the United Nations Conference on Trade and Development, said China’s export and import activities have dramatic effects “even very far from its shores.”

    The expo sent a message of openness that businesses worldwide can connect, forge partnerships, and contribute to a more prosperous and interconnected global economy, she said.

    The CIIE offers companies worldwide, regardless of their sizes, a platform to showcase their capabilities and attract new investments, said Malaysian Prime Minister Anwar Ibrahim.

    Multinational cooperation for free trade and sustainability should serve as a tool to actively advance global progress, rather than as a means to suppress competition, promote unfair advantages, or create conflict, he said.

    Calling the CIIE a platform to support international trade development, cooperation, and new types of global partnerships, Denisa Sakova, deputy prime minister and minister of economy of the Slovak Republic, said her country has benefited greatly from participating in the expo, a place to showcase best and latest products and innovations to Chinese consumers.

    The CIIE has become an important platform for strengthening international economic integration, said Kazakh Prime Minister Olzhas Bektenov. For Kazakhstan, the expo helps to expand international cooperation with foreign partners and offers new opportunities for distributing Kazakh goods in international markets.

    Uzbekistan is taking advantage of opportunities such as the CIIE and striving to promote its position in the rapidly growing and attractive Chinese market, which will definitely deepen cooperation and development in trade, economy, investment, and other areas, said Uzbek Prime Minister Abdulla Aripov.

    Serbian Prime Minister Milos Vucevic said that as a platform for enterprises, people, and cultures to come together from around the world, the CIIE fosters not only business and commerce but also friendship and mutual understanding.

    MIL OSI China News –

  • MIL-OSI China: Israel’s Netanyahu fires defense minister amid conflict

    Source: China State Council Information Office

    Israeli Prime Minister Benjamin Netanyahu announced on Tuesday that he has dismissed Defense Minister Yoav Gallant, citing their differences over security matters.

    In a termination letter made public by Netanyahu’s office, the prime minister informed Gallant that his term would end within 48 hours.

    In a video statement, Netanyahu said, “Over the past few months, the trust between the Defense Minister and me has eroded. Significant differences emerged regarding the management of the (military) campaign, accompanied by statements and actions that contradicted government and cabinet decisions.”

    Netanyahu added that this crisis “does not allow for the proper continuation of managing the (military) campaign.”

    Israel Katz, Netanyahu’s close associate and Israel’s current foreign minister, will replace Gallant. The decision was met with widespread criticism due to Katz’s limited senior military experience.

    The Hostages and Missing Families Forum, a group representing families of hostages held by Hamas in Gaza, released a statement saying the move is part of Netanyahu’s efforts to thwart a potential hostage deal. The group noted that Gallant had supported a hostage-for-ceasefire exchange, emphasizing that Israel has met its objectives in Gaza, while Netanyahu continues to call for the conflict’s continuation until “total victory” over Hamas.

    The current dispute between Netanyahu and Gallant centers on the conscription of ultra-Orthodox men into the Israeli Defense Forces (IDF).

    Traditionally, this group has been exempt from mandatory military service, a status quo staunchly defended by ultra-Orthodox parties, which are key partners of Netanyahu’s far-right coalition. In contrast, Gallant advocates for their enlistment, citing a pressing need for additional manpower amid ongoing conflicts. Earlier on Tuesday, Gallant authorized the drafting of 7,000 ultra-Orthodox men into the IDF.

    MIL OSI China News –

  • MIL-OSI China: Drones launched from Iraq intercepted by Israeli military

    Source: China State Council Information Office

    Two drones launched from Iraq towards Israel’s Red Sea city of Eilat were intercepted on Tuesday night, the Israel Defense Forces (IDF) said in a statement.

    The drones triggered warning sirens near Eilat and at the Timna mines in the Arava region.

    According to the IDF, the Israeli Air Force intercepted a UAV (Unmanned Aerial Vehicle) that had infiltrated Israeli airspace in the Arava region from the east.

    A second UAV, also launched from the east, was intercepted before entering Israeli territory, it added.

    The Islamic Resistance in Iraq claimed responsibility for the attack, stating that it had targeted a “vital site” in Eilat.

    No injuries or damage were reported.

    MIL OSI China News –

  • MIL-OSI China: UN continues to deliver humanitarian aid to Lebanon

    Source: China State Council Information Office

    This photo taken on Nov. 2, 2024 shows the damage caused by Israeli airstrikes in Mashghara, Lebanon. [Photo/Xinhua]

    UN agencies and partners continue to deliver humanitarian aid to the crisis-impacted people in Lebanon amid escalating hostilities, Stephane Dujarric, spokesperson for the UN chief, said at a daily briefing on Tuesday.

    On Monday, UN Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) delivered medical supplies and fuel for generators to the Burj Shimali Palestinian refugee camp in Tyre in southern Lebanon. A humanitarian convoy also delivered medical supplies, medicine and hygiene kits to a healthcare center in Labweh, located in the Baalbeck-El Hermel area.

    Meanwhile, the World Food Programme (WFP) has already reached over 2 million vulnerable people in the country through its emergency assistance as well as regularly programs. WFP is also providing food assistance to Lebanese and Syrian people fleeing across the border into Syria.

    The UN Children’s Fund (UNICEF) is partnering with local authorities to facilitate the gradual return to learning for some 387,000 Lebanese children, including those staying in shelters and communities affected by the war.

    The initiative is part of an emergency response plan to support the opening and operation of 326 public schools not used as shelters to ensure school-age children in Lebanon have access to education.

    The Office for the Coordination of Humanitarian Affairs warned that the humanitarian situation in the country has reached levels that exceeded the severity of the 2006 war. The healthcare sector continues to face relentless attacks, with facilities, staff and resources increasingly caught in the crossfire, and further straining Lebanon’s already fragile health infrastructure.

    “Our humanitarian colleagues fear that, amid escalating hostilities and the deterioration of the humanitarian situation, the demand for food, medicine, shelter and other essential supplies is growing higher,” the UN spokesperson said, calling for urgent funding needed to sustain the response.

    However, the humanitarian appeal launched in the beginning of October for 426 million U.S. dollars is currently just under 19 percent funded. That means only 80 million dollars has been received so far, he added, urging countries not only to pledge but turn pledges to cash as early as possible.

    MIL OSI China News –

  • MIL-OSI China: China-Laos Railway sees passengers up 44% in 10 months

    Source: China State Council Information Office

    An international passenger train from Kunming of China to Vientiane of Laos arrives at Mohan port in southwest China’s Yunnan Province, April 9, 2024. [Photo/Xinhua]

    The China-Laos Railway’s Lao section has transported a total of 3 million passenger trips in 10 months of 2024, an increase of 44.4 percent from the same period last year.

    From Jan. 1 to Nov. 4, the railway carried 3 million passengers from 101 countries, according to a report issued on Tuesday by the Laos-China Railway Co., Ltd. (LCRC).

    More than 2,800,000 passengers traveled within the Southeast Asian country, while over 108,000 passengers were transported by cross-border passenger trains.

    The significant increase in the number of passengers on the Lao section of the China-Laos Railway is due to Laos’ role as chair of the Association of Southeast Asian Nations (ASEAN), the Visit Laos Year 2024 tourism promotion campaign, and the implementation of a visa-free policy for Chinese visitors.

    Since the beginning of this year, the LCRC has predicted passenger flow in advance, adjusted train operation plans promptly, and responded to passenger flow peaks by adding trains. The company also constantly optimizes ticket sale services and provides a variety of convenience services.

    Since its operation on Dec. 3, 2021, the China-Laos Railway has become a preferred mode of transport for travelers due to its affordability, convenience, and comfort.

    MIL OSI China News –

  • MIL-OSI China: China’s top legislator holds talks with Hungarian official

    Source: China State Council Information Office

    Zhao Leji, chairman of the National People’s Congress Standing Committee, holds talks with Laszlo Kover, Speaker of the Hungarian National Assembly, at the Great Hall of the People in Beijing, capital of China, Nov. 5, 2024. [Photo/Xinhua]

    China’s top legislator Zhao Leji held talks with Laszlo Kover, speaker of the Hungarian National Assembly, in Beijing on Tuesday.

    Zhao, chairman of the National People’s Congress (NPC) Standing Committee, said this year marks the 75th anniversary of the establishment of diplomatic ties between China and Hungary, and in May, the two sides elevated bilateral relations to an all-weather comprehensive strategic partnership for the new era.

    China is willing to work with Hungary to implement the important consensus reached by the leaders of the two countries, consolidate the momentum of high-level exchanges, enhance strategic communication and cooperation, and embark on a new chapter of practical cooperation, jointly creating a bright future, Zhao added.

    Zhao also expressed China’s willingness to strengthen policy communication with Hungary in various fields, deepen high-level political mutual trust, firmly support each other’s core interests, and consolidate the political foundation of China-Hungary friendship.

    The Chinese side is willing to promote a deep synergy of the Belt and Road Initiative (BRI) with Hungary’s “Opening to the East” policy, accelerate the construction of the Hungary-Serbia railway, and expand cooperation in emerging areas such as clean energy, digital economy, and artificial intelligence, to comprehensively elevate the level of cooperation, said Zhao.

    Noting that China’s NPC and the Hungarian National Assembly have maintained a long-standing and good relationship, Zhao said the two sides should further strengthen exchanges and interactions at different levels, to enhance mutual understanding, trust, and friendship. He also called on the legislative institutions of the two sides to strengthen coordination and cooperation in multilateral forums, promoting global governance that is more conducive to maintaining world peace and international fairness and justice.

    Kover said Hungary firmly adheres to the one-China principle and is willing to seize the opportunity of the 75th anniversary of the establishment of diplomatic relations to strengthen cooperation with China in various fields, including jointly building the BRI, promoting economic and trade investment, Hungary-Serbia railway construction, and people-to-people exchanges, to contribute to the cooperation between Central and Eastern European countries and China, as well as the development of EU-China relations.

    The Hungarian National Assembly is committed to enhancing friendly exchanges with China’s NPC, to make active contributions to the development of bilateral relations, Kover added.

    MIL OSI China News –

  • MIL-OSI Economics: Secretary-General of ASEAN to participate in the 11th CLMV Summit in Kunming, the People’s Republic of China

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, will participate in the 11th CLMV Summit to be held in Kunming, China, on 7 November 2024. The Summit is a significant gathering to provide a great opportunity to review the progress, exchange views and further explore ways and means for CLMV cooperation that complement the Initiative for ASEAN Integration. The Summit underscores the importance of subregional cooperation arrangement, which covers a wide range of cooperation, such as trade, investment and human resource development in supporting and contributing to ASEAN integration and community-building efforts.
    The post Secretary-General of ASEAN to participate in the 11th CLMV Summit in Kunming, the People’s Republic of China appeared first on ASEAN Main Portal.

    MIL OSI Economics –

  • MIL-OSI Asia-Pac: Speech by SJ at Hong Kong Legal Week 2024: Beyond Litigation: The Vibrant Landscape of Alternative Dispute Resolution of Hong Kong (English only)

    Source: Hong Kong Government special administrative region

    Speech by SJ at Hong Kong Legal Week 2024: Beyond Litigation: The Vibrant Landscape of Alternative Dispute Resolution of Hong Kong (English only)
    Speech by SJ at Hong Kong Legal Week 2024: Beyond Litigation: The Vibrant Landscape of Alternative Dispute Resolution of Hong Kong (English only)
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         Following are the opening remarks by the Secretary for Justice, Mr Paul Lam, SC, at Hong Kong Legal Week 2024: Beyond Litigation: The Vibrant Landscape of Alternative Dispute Resolution of Hong Kong today (November 6): Distinguished guests, ladies and gentlemen,      It is a great pleasure to see you all again on day three of Hong Kong Legal Week 2024. After two days of fruitful discussions on issues relating to international law, today we will put our focus back on Hong Kong, in particular, our alternative dispute resolution (ADR) services. Today’s theme is “Beyond Litigation: The Vibrant Landscape of Alternative Dispute Resolution of Hong Kong”.           Hong Kong takes pride in our world-class ADR services and legal talents. It is immensely encouraging that in the latest World Competitiveness Yearbook 2024, Hong Kong ranks fifth globally as the most competitive economy, and, most importantly, ranks first in the sub-topics of “Business Legislation” and “International Trade”. In the recent “Business Ready 2024 Report” published by the World Bank Group, Hong Kong ranks eighth in the topic of “Dispute Resolution” among the 50 economies covered.           In recent years, the Government has formulated a comprehensive set of policy initiatives, which aim at deepening the mediation culture in Hong Kong. At present, mediation clauses are not mandatory in government contracts but various forms of such clauses can be found in some of them. Resolving disputes through mediation can save public funds, achieve early resolution of disputes and lessen the burden on our courts. There have been a multitude of successful instances of mediation involving the Government, from personal injuries cases, construction works disputes, adverse possession claims to medical negligence cases. Against such a background, it was first mentioned in the Chief Executive’s 2023 Policy Address and repeated in “The Chief Executive’s 2024 Policy Address” that the Government will take the lead, and incorporate mediation clauses in government contracts, while encouraging private organisations to incorporate similar clauses in their contracts. The key effect of including such clauses is that, if any dispute arises, the parties are obliged to try to resolve it by mediation first, and will resort to arbitration or litigation if, but only if, mediation fails.           Taking the opportunity of today’s event with a strong emphasis on mediation, I am very pleased to announce that today, the Government will formally issue a policy statement on the incorporation of mediation clauses in all government contracts. The policy statement is a confirmation of the Government’s commitment to use mediation to resolve contractual disputes. Upon the taking effect of the policy, the Government will incorporate mediation clauses in all future government contracts; and departure from that policy will need to be justified by exceptional circumstances, for example, the existence of an inconsistent statutory provision. Supporting and monitoring mechanisms to be provided by the Department of Justice to other policy bureaux and departments will be put in place to ensure the smooth implementation of this policy. Through this policy, we do not only aim at ensuring that contractual disputes involving the Government may be resolved in a flexible, economical and time-saving manner. We also hope that, with the Government taking the lead, the policy will also encourage the private sectors to follow suit, contributing to the cultivation of a mediation culture in Hong Kong and bringing more harmony and peace to society.            With this policy initiative in mind, I would like to introduce our three panels and distinguished speakers for today’s event. The first panel discussion this morning, entitled “Mediation in Action: Harmony and Peace for All”, will cover how mediation can be used effectively in various sectors of the community, for instance, in areas of family disputes, civil claims, improving relations between citizens and government departments, and not simply for resolving the disputes but, more importantly, to foster a culture that embraces mutual respect, harmony and inclusiveness.           The Government has always been a staunch supporter of mediation for the community. Since 2009, we have launched the Mediate First Pledge campaign to encourage the use of mediation as the first step to resolve disputes. The Mediate First Pledge is a non-legally binding commitment by pledgees to first explore the use of mediation to resolve disputes before resorting to other means of dispute resolution. At present, over 900 companies, organisations and individuals coming from different sectors have signed the pledge. The biennial Mediation Week and Mediation Conference, coupled with the Mediate First Pledge Event, are our flagship events to explore and promote wider use of mediation to resolve disputes in Hong Kong. The last one was just held a few months ago in May this year.           A very significant event about mediation with global significance took place in Hong Kong on October 17, less than a month ago. On that day, the four-day Fifth Session of the Elaboration of the Convention on the Establishment of The International Organization for Mediation (IOMed) was concluded. Representatives from various countries completed negotiations on the Convention at that session and decided that the signing ceremony for the Convention will be held in Hong Kong in 2025. The IOMed is the first intergovernmental international legal body dedicated to settling international disputes by mediation. With the support of our motherland China and the agreement of other state parties, it was agreed that the headquarters of the International Organization for Mediation will be established in Hong Kong in 2025. This represents a strong vote of confidence in Hong Kong and a clear acknowledgement from the international community of Hong Kong’s status as an international dispute resolution centre. I am delighted that Dr Sun Jin, Director-General of the International Organization for Mediation Preparatory Office, will deliver a keynote speech before lunch today.           Later this afternoon, we will discuss ADR in the context of artificial intelligence (AI). While there is no doubt that the use of AI may enhance the efficiency in resolving disputes, it is vital to ensure that the integrity of the dispute resolution process will not be compromised by the misuse of AI, whether intentionally, negligently or even inadvertently. Our distinguished speakers will consider the opportunities and risks associated with the use of artificial intelligence in ADR. They will also discuss the adoption of lawtech by Hong Kong practitioners, the benefits of lawtech in improving legal services and enhancing access to justice.           Our last panel of today’s event is on sports disputes. As stated in “The Chief Executive’s 2024 Policy Address”, with our thriving development of sports activities and the industry, sports disputes have become increasing complicated. Hence, Hong Kong will explore establishing a sports dispute resolution system and promoting sports arbitration. In this session, our speakers will share their experiences and insights regarding the demand, application, effectiveness and challenges of sports ADR.           To round up today’s events, we will have the 2024 Hong Kong Mediation Lecture at the office of Herbert Smith Freehills this evening. Professor Shahla Ali, through her perspective as a mediator with the World Bank and the Energy Community Panel, would explore the unique challenges and opportunities involved in the use of mediation in deals relating to natural resources, particularly in the Belt and Road Initiative, and how mediation can contribute to ensure that energy and natural resources agreements are environmentally sustainable and foster collaborative approaches.           While today’s programmes are focused on mediation, we must not forget that Hong Kong has always been promoting and expanding our arbitration services proactively not just in Hong Kong but also the Mainland and other countries. Two examples would suffice. First, the Hong Kong Arbitration Week was just been held between October 21 and 25. Second, the Hong Kong International Arbitration Centre has recently announced its imminent opening of a Beijing office, being its second office in the Mainland since the opening of its Shanghai office back in 2015.           As I mentioned on different occasions previously, Hong Kong is an international legal dispute resolution centre in which numerous options, all of top quality, are made available to the parties to disputes. On this note, let me conclude by wishing you very fruitful exchanges and discussions in today’s sessions to come. Thank you very much.

     
    Ends/Wednesday, November 6, 2024Issued at HKT 11:15

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI China: Xi stresses preservation, research on ancient bamboo slips

    Source: China State Council Information Office 2

    Xi Jinping, general secretary of the Communist Party of China Central Committee, has stressed sound protection and in-depth research on ancient bamboo and wooden slips.
    Xi made the remarks during his visit to an exhibition featuring slips dating back to the Qin Dynasty (221 B.C.-207 B.C.) and the Han Dynasty (202 B.C.-220 A.D.) at a museum in Yunmeng County, central China’s Hubei Province, on Monday afternoon. 

    MIL OSI China News –

  • MIL-OSI China: Xi urges accelerating rural revitalization

    Source: China State Council Information Office 2

    Xi Jinping, general secretary of the Communist Party of China Central Committee, has urged accelerating rural revitalization to advance Chinese modernization.
    Xi made the remarks on Tuesday during an inspection trip in Xianning City, central China’s Hubei Province, where he visited a vegetable farm and a village. 

    MIL OSI China News –

  • MIL-OSI China: Chinese auto brand unveils 1st off-road model in Egypt

    Source: China State Council Information Office

    Visitors pose for photos at the launching ceremony of Jetour Auto’s first off-road SUV model T2 in Cairo, Egypt, Nov. 4, 2024. [Photo/Xinhua]

    Jetour Auto, a Chinese auto brand, unveiled its first off-road SUV model, namely T2, on Monday evening.

    Under the theme of “Travel Together,” the launching ceremony held by Jetour at the Saladin Citadel, one of the most famous landmarks in the Egyptian capital of Cairo, attracted more than 600 guests from Egypt and China, including auto dealers, auto experts, internet influencers, and media representatives.

    “T2 is our first off-road model launched in Egypt … After its debut in the UAE (United Arab Emirates), Saudi Arabia, and other countries in the Middle East in the first quarter of 2024, it rapidly became the best-selling boxy SUV in the region,” said Yuan Anguo, vice president of Jetour International Marketing Company.

    According to the Chinese auto brand established in 2018, Jetour’s cumulative sales have now exceeded 1.22 million worldwide.

    In the first three quarters of 2024, a total of 4.312 million complete vehicles were exported from China to markets worldwide, a year-on-year increase of 27.3 percent, showed the latest data from the China Association of Automobile Manufacturers.

    MIL OSI China News –

  • MIL-OSI China: World Travel Market London opens

    Source: China State Council Information Office

    A visitor tastes Chinese tea at the China pavilion of the World Travel Market (WTM) London 2023 in London, Britain, Nov. 6, 2023. [Photo/Xinhua]

    The World Travel Market (WTM) London 2024 opened on Tuesday, with the China pavilion drawing attention for its abundant tourism resources and cultural appeal.

    The pavilion is set to feature a range of destination promotions, business networking sessions, and showcases of intangible cultural heritage. Attendees can also enjoy interactive experiences, including Chinese “baijiu” liquor tastings, Tai Chi workshops, and samples of Chinese cuisine.

    This year’s Chinese delegation consists of representatives from nine provinces and cities, including Beijing, Shanghai, Chongqing, Xinjiang and Shaanxi, alongside dozens of airlines and tourism companies.

    After browsing brochures and speaking with representatives at the China pavilion, Gary King, head of trade sales at London-based Wendy Wu Tours, told Xinhua that his top two destinations for future trips to China are Zhangjiajie in the central Hunan Province and Guilin in the southern Guangxi Zhuang Autonomous Region, both renowned for their “spectacular scenery.”

    The Old House Area (Laowuchang) of the Wulingyuan scenic area in Zhangjiajie, central China’s Hunan province. [Photo by Zhang Junmian/China.org.cn]

    King said he traveled to China for the first time last year and was “absolutely captivated,” highlighting the local cuisine, welcoming people, extensive high-speed railway network, and the diversity between cities as the aspects he loved most about the country and his experience.

    Since last year, China has been expanding its visa-free entry policies to boost the recovery of inbound tourism, making it increasingly easier and more appealing for foreign tourists to explore the country.

    This year’s China pavilion at WTM London, themed “high-quality tourism development in China,” emphasized green and sustainable tourism, showcasing the harmonious coexistence of humanity and nature.

    “Tourism businesses and boards have a responsibility to help businesses become greener and more regenerative, while also helping consumers make sustainable choices,” Patricia Yates, CEO of VisitBritain/VisitEngland, the UK’s national tourism agency, told Xinhua.

    She noted that international tourism not only generates economic value but also enriches people “personally and mentally” by providing opportunities to “speak with different people, understand different cultures, and learn about diverse lives and experiences.” High-quality tourism, she added, encourages travelers to stay longer and explore more deeply in their destinations.

    Foreign tourists pose for a photo in front of the Hall of Prayer for Good Harvests, or Qiniandian, at the Tiantan (Temple of Heaven) Park in Beijing, capital of China, July 9, 2024. [Photo/Xinhua]

    Over the decades, China has made remarkable strides in facilitating travel, enhancing various aspects like tourism infrastructure, cultural heritage site accessibility, mobile payment services, and transportation convenience — including a rail network that spans the entire country.

    At the event, Shi Zeyi, an official from China’s Ministry of Culture and Tourism, said that China is dedicated to fostering practical, mutually beneficial partnerships with worldwide tourism professionals and contributing to the growth and prosperity of the global tourism industry.

    Established in 1980, WTM London connects global travel buyers with leading destinations and brands annually, making it one of the world’s most influential events in the travel and tourism industry.

    The 44th edition of WTM London, themed “travel powers the world,” opened on Tuesday and will continue until Thursday. It is expected to attract over 40,000 attendees and nearly 4,000 exhibitors from around 180 countries and regions, with more than 70 conference sessions scheduled.

    MIL OSI China News –

  • MIL-OSI China: Growth expected to pick up after lull

    Source: China State Council Information Office

    China’s economy showed early signs of having bottomed out across the board in October, indicating that the country’s ramped-up efforts to revitalize domestic spending against external uncertainties are starting to yield effects, analysts said on Tuesday.

    They commented as data from media group Caixin pointed to the fastest expansion of services activity in three months while manufacturing activity resumed upward momentum, matching the improvements of official indicators.

    David Chao, global market strategist for the Asia-Pacific region (excluding Japan) at Invesco, said: “China’s leading economic indicators improved across the board for October, suggesting that the economy continues to regain momentum. This should translate into improving economic conditions and activity for the rest of the year.”

    A privately surveyed purchasing managers index for the services sector came in at 52 in October, up from 50.3 in September and marking the highest reading in three months, a Caixin report said on Tuesday. Any PMI reading above 50 indicates an expansion in activity.

    The reading fared better than 50.3 which many analysts had expected as the rate of expansion in new business inflows rose for the first time in four months following the launch of a series of policies to shore up the economy since late September.

    In October, the level of confidence among service providers rose to the highest since May, while selling prices stabilized after falling for two successive months. Service providers raised staffing levels for a second consecutive month, albeit marginally, the report said.

    The uptick in services activity came along with manufacturing activity resuming expansion in October, driven by renewed new business growth. The Caixin China General Composite PMI, covering both manufacturing and services activity, came in at 51.9 in October, up from 50.3 the previous month, marking the highest showing in four months.

    Also indicative of momentum recovery, the official composite PMI came in at 50.8 in October, up from 50.4 a month earlier, the National Bureau of Statistics said on Thursday.

    Wang Zhe, senior economist at Caixin Insight Group, said that the PMI surveys showed that market demand stabilized and optimism improved, which are early signs of the new policies’ impact, though the labor market remained under pressure while prices were still subdued.

    China is expected to further consolidate its policy support as the country’s top legislature is expected to approve additional fiscal support this week.

    Zhang Bin, deputy director of the Chinese Academy of Social Sciences’ Institute of World Economics and Politics, said China’s current round of countercyclical adjustments is ultimately aimed at promoting a robust recovery in overall income levels, which is key to further lifting consumption.

    The task of convincing consumers to spend more is deemed by analysts to be of particular importance against elevated external political and trade uncertainties and amid China’s pursuit of a more consumption-oriented growth model.

    While services providers polled by Caixin reported a solid increase in exports in October, export orders in the manufacturing sector remained in decline, though the rate of reduction eased. The official PMI survey showed that manufacturers’ new export orders contracted at a faster rate in October.

    MIL OSI China News –

  • MIL-OSI China: China shines on opening up, as world openness level degrades

    Source: China State Council Information Office

    Guests attend the press conference on World Openness Report 2024 and International Symposium on World Opening-Up during the 7th Hongqiao International Economic Forum in Shanghai, east China, Nov. 5, 2024. [Photo/Xinhua]

    The World Openness Index, gauging the openness levels of 129 economies from 2008 to 2023, shows that China remains one of the bright spots in a globally declining landscape of openness.

    The index was included in the World Openness Report 2024, which was released on Tuesday at the seventh Hongqiao International Economic Forum in Shanghai.

    In 2023, the World Openness Index stood at 0.7542, reflecting decreases of 0.12 percent compared to 2022, 0.38 percent compared to 2019, and 5.43 percent compared to 2008. This suggests an overall downward trend in global openness.

    The index, first released in 2021, was compiled by the Institute of World Economics and Politics under the Chinese Academy of Social Sciences (CASS) and the Research Center for Hongqiao International Economic Forum.

    According to the report, the pace of economic globalization has continued to falter over the past year, with the world’s opening-up level “in deficit.”

    “Various forms of unilateralism and protectionism are on the rise, global economic growth is slowing down, many economies are increasing tariffs and non-tariff measures, geopolitical risks are intensifying, and combined with shocks such as the COVID-19 pandemic,” the report said, listing the major factors contributing to a less open global economy.

    Zhang Yuyan, an economist and academician of CASS, said that the number of global trade intervention measures exceeded 4,700 from 2020 to 2023, significantly higher than the levels before 2020.

    Economic sanctions are working against opening, imposing a negative impact on globalization, said Nobel laureate economist Christopher Pissarides at a symposium after the release of the report. “I hope they end soon, but I don’t quite see it,” he added.

    Despite these challenges, China is presented as one of the positive exceptions in the global landscape of openness, based on the data revealed by the report.

    China has made significant progress in expanding its opening-up. From 2008 to 2023, China’s openness index rose from 0.6789 to 0.7596, an increase of 11.89 percent, placing it among the top economies globally in terms of growth rate.

    “China’s opening up is a model for mutually beneficial engagement. In the current complex and ever-changing international landscape, events like the China International Import Expo (CIIE) have become shining symbols of China’s commitment to opening up,” said Qu Weixi, director of the Research Center for Hongqiao International Economic Forum.

    The report also underscores key areas of global cooperation that have emerged despite rising anti-globalization sentiment.

    Digital opening-up, environmental and climate governance, and the service sector are identified by the report as significant areas where international collaboration has gained momentum.

    These sectors present new opportunities for global growth and suggest the potential for a more interconnected and cooperative world economy in the face of rising protectionism, according to the report.

    “We hope the release of this report will spark more in-depth and widespread discussions about global openness. By fostering greater consensus and collective efforts, we can contribute to the development of an open global economy,” Qu said.

    MIL OSI China News –

  • MIL-OSI China: Global companies debut cutting-edge technologies

    Source: China State Council Information Office

    This photo taken on Nov. 4, 2024 shows the automobile exhibition area of the 7th China International Import Expo (CIIE) at the National Exhibition and Convention Center (Shanghai) in Shanghai, east China. [Photo/Xinhua]

    With the seventh China International Import Expo (CIIE) in full swing in Shanghai, global companies are unveiling their latest technological innovations, capitalizing on the opportunities arising from China’s commitment to further opening up both its market and manufacturing industry.

    GE Healthcare, a regular exhibitor at the CIIE, has brought an unprecedented lineup to Shanghai this year. The U.S. medical technology company is showcasing multiple products either making their global or Chinese debut.

    Eyeing China’s growing demand for advanced medical technology, GE Healthcare is exhibiting its largest collection of new products ever at this year’s expo, where it has been participating since 2018, said Zhong Luyin, the company’s China communications executive.

    “Our goal extends beyond mere participation in the expo. More importantly, we look forward to engaging in China,” Zhong said.

    A stage for all

    At the ongoing CIIE, over 400 new products, technologies and services from around the world are being showcased, spanning sectors such as artificial intelligence, new materials, autonomous systems and energy transition technologies.

    During a meeting on Monday with select exhibitors and buyers attending the expo, Chinese Premier Li Qiang said that China is able to sustain steady economic recovery, improve the quality and capacity of its market, and provide more extensive growth space for global businesses in terms of trade, investment and innovation. He added that the Chinese market is still one of the best choices for companies worldwide.

    Just days ago, China removed all market access restrictions for foreign investors in the manufacturing sector, with the country’s new edition of its national negative list for foreign investment having taken effect on Nov. 1. This significant move marked the latest effort of the world’s second-largest economy to open its doors even wider.

    “Benefiting from the ‘spillover effect’ of the expo, many of our showcased products are now in use across Chinese hospitals,” said Lu Yi, MRI marketing manager of Siemens Healthineers. At this year’s CIIE, the German medical technology company is unveiling the MAGNETOM Terra.X, its latest generation of magnetic resonance imaging (MRI) equipment — the first time this new equipment is being displayed in Asia.

    Lu revealed that Siemens Healthineers is advancing its localization strategy for cutting-edge product manufacturing. Notably, the MAGNETOM Terra.X is slated for future production at the company’s base in Shenzhen, south China’s Guangdong Province.

    Apart from traditional technological sectors, the ongoing expo showcases an array of futuristic exhibits that seem straight out of the world of science fiction, including tires designed for lunar exploration vehicles, electric vertical takeoff and landing (eVTOL) aircraft, and innovative motor-powered shoes.

    French tire maker Michelin, which is attending the expo for a fourth year, is exhibiting a futuristic prototype wheel for lunar exploration vehicles, among other products including car tires containing 71 percent sustainable materials and a new generation aircraft tire.

    Serge Godefroid, research and development director of Michelin China, said Michelin has been innovating for the future of mobility and is even thinking about mobility beyond the Earth for future lunar or Mars exploration projects.

    Michelin is already extensively testing tires in very rough conditions and with exposure to the range of temperatures that exist on the moon, Godefroid said. “You don’t have somebody to help you inflate a tire on the moon, so you need to find a wheel that can sustain very difficult conditions.”

    Rising innovation landscape

    A number of eVTOL aircraft are proving eye-catching at this year’s CIIE. Vertaxi, an eVTOL startup which is attending the expo jointly with Ampaire, a global leader in hybrid electric aircraft systems, has brought three autonomous eVTOL drones to the 2024 expo.

    Yue Tingting, vice president of Vertaxi, said the company’s smaller eVTOL aircraft have been well received by the market and are being widely used for police, emergency and fire-fighting patrols, public and oil infrastructure inspections, and island logistics.

    Yue admitted that it will take longer for the company’s eVTOL aircraft to obtain the airworthiness certification needed for passenger transport. She, however, is very bullish about China’s low-altitude economy and even envisions a future where people will be able to board eVTOL aircraft for daily commuting, much like taking a taxi or bus.

    Shift Robotics, attending the expo for the first time, is exhibiting its new generation of motor-powered shoes, called Moonwalkers Aero, that allow people to walk at speeds of up to 11 km per hour.

    Moonwalkers deliver smooth power when people who wear them speed up, while they offer very little assistance if the person wearing them walks very slowly. These motor-powered shoes can be used in virtually any environment, even on the subway, in a lift or on stairs, and people can move around in these Moonwalkers without taking off their normal shoes, according to Zhang Xunjie, CEO of Shift Robotics.

    From industry giants to rising startups, the dedication shown to China by global tech companies is well-timed, as the country’s prominence in the global innovation landscape continues to increase. According to the Global Innovation Index 2024 released by the World Intellectual Property Organization, China has moved up one spot to 11th place in the latest rankings of the world’s most innovative economies — becoming one of the fastest risers over the past decade.

    “China’s growth pattern has shifted from quantity-oriented to quality-oriented,” said Tetsuro Homma, executive vice president of Panasonic Holdings Corporation. “To keep pace with this change, we are setting up more research and development teams in China to quickly adapt to the evolving Chinese market.”

    Over the past four years, this Japanese manufacturing company has steadily expanded its investment in China. Home to over 60 Panasonic subsidiaries, China now accounts for nearly a quarter of the company’s business worldwide. “We are innovating for China, and we aspire to innovate in China for the whole world,” Homma said.

    MIL OSI China News –

  • MIL-OSI China: Tourism, culture help cement China-Tanzania ties: officials

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

    DAR ES SALAAM, Nov. 5 — Senior officials from the Chinese and Tanzanian governments have identified tourism and culture as two factors that helped cement ties between the two countries.

    A closing ceremony of the 2024 China-Tanzania Tourism and Culture Year and celebration of 60 years of diplomatic relations between the two countries was held in the port city of Dar es Salaam Monday night.

    Speaking at the event, the officials observed that tourism and culture not only helped stimulate economic development but also promoted people-to-people exchanges and understanding between the two countries.

    Lu Yingchuan, vice minister of culture and tourism in China, said cooperation between the two countries has reached new heights as more Chinese tourists visit Tanzania.

    “From exchanges of art performances, tourism promotions, food tasting, to the creation of artworks and personnel training, an array of diverse and colorful activities triggered a fresh surge of cultural and tourism exchanges and cooperation between our two countries,” Lu noted.

    Chen Mingjian, the Chinese ambassador to Tanzania, said China and Tanzania have a long history of rich culture and harmonious coexistence in a peaceful atmosphere.

    “At the same time, the number of Chinese tourists visiting Tanzania keeps on growing, with more than 54,000 of them visiting Tanzania between January and September this year,” she told the gathering that featured cultural performances from China and Tanzania.

    Pindi Chana, Tanzania’s minister for Natural Resources and Tourism, said China-Tanzania relations have continued to develop, with fruitful results in practical cooperation and rich cultural exchanges.

    “The development of tourism can not only drive growth and create jobs, but also promote consumption and stabilize confidence,” she told the gathering co-hosted by the Ministry of Culture and Tourism of China, the Chinese Embassy in Tanzania, and Tanzania’s ministries of Natural Resources and Tourism, Culture, Arts and Sports, and Foreign Affairs and East African Cooperation.

    The event was preceded by the “Nihao! China” China Tourism Promotion Conference, which was attended by tourism stakeholders from China and Tanzania. At this conference, they explained their experiences in the industry.

    The event also saw the relaunch of the film Amazing Tanzania, which was first launched in China in May 2024.

    The film starring Tanzanian President Samia Suluhu Hassan, Tanzania’s Zanzibari President Hussein Ali Mwinyi, and Chinese actor Jin Dong has served as a catalyst to attract more tourists from China to visit the East African nation, according to the African country’s Permanent Secretary in the Ministry of Natural Resources and Tourism Hassan Abbasi.

    MIL OSI China News –

  • MIL-OSI China: China releases ecosystem restoration guides to boost coastal disaster resilience

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

    Four handbooks on ecosystem restoration for coastal hazard mitigation, focusing on salt marshes, seagrass beds, oyster reefs, and sandy coasts, were released in both Chinese and English, officials said on Tuesday. The guides aim to provide a “Chinese solution” to global coastal ecological challenges by showcasing examples of disaster reduction and restoration practices.

    Jointly issued by the Ministry of Natural Resources and the International Union for Conservation of Nature at the 2024 China-Island Countries Ocean Cooperation Forum, the handbooks compile research findings and restoration strategies for coastal ecosystems, including insights from both domestic and international sources, according to Li Lin, director of the marine warning and monitoring department of the Ministry of Natural Resources.

    The handbooks explain each step in the technical process, including baseline ecological surveys, diagnostics, restoration goals and measures, as well as monitoring, effectiveness evaluation, and adaptive management, Li said.

    Since 2020, the Ministry of Natural Resources, along with the Ministry of Water Resources, the National Development and Reform Commission, the Ministry of Finance, and other agencies, has promoted coastal protection and restoration projects. These efforts have strengthened ecosystems’ capacity to mitigate marine disasters like typhoons and storm surges. The release of the handbooks is intended to guide these practices, Li added.

    MIL OSI China News –

  • MIL-OSI China: Global exhibitors eye opportunities as China import expo opens

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

    “CIIE offers a lot of opportunities… That opening up is a crucial part of driving innovation, new product development and economic growth for the world.” The 7th China International Import Expo (CIIE), the world’s first national-level exposition dedicated to imports, opened on Tuesday in Shanghai.

    MIL OSI China News –

  • MIL-OSI China: Singapore firms take long-term view towards Chinese market

    Source: China State Council Information Office 3

    Singapore firms take a long-term view towards China, a market with huge potential and growing sophistication, and regard investing in the country as a long game, according to the Singapore Business Federation (SBF) CEO.

    “The number that I have been told many times is that China is home to over 400 million middle-income population. Market growth might not always be in a rocketing state. However, the world’s second-largest consumer market will still grow,” SBF CEO Kok Ping Soon told Xinhua during the 7th China International Import Expo (CIIE).

    Led by the SBF, a delegation of nearly 400 representatives from 44 Singaporean businesses are attending the CIIE held from Nov. 5 to Nov. 10 this year, which marks the seventh year for the SBF’s delegation to participate in the world’s first national-level expo on import.

    “Some of the previous delegation participants have ‘graduated’ from the delegation by outgrowing the Singapore Pavilion and setting up their own booths at other exhibition areas of CIIE,” Kok said.

    With a total exhibition area of close to 912 square meters, the Singapore Pavilion spans the Consumer Goods Hall, Food & Agricultural Products Hall, and Trade in Services Hall.

    “We are very encouraged to see some of those companies are no longer just in the food and beverage sector. We are starting to see companies responding to China’s call for more high-quality investment in fields like biotech,” he noted.

    China has been Singapore’s largest trading partner for 11 consecutive years. Singapore is China’s second-largest foreign investment source and the top destination for Chinese overseas investment.

    Kok said there are broad areas of collaboration between the two countries, such as green transformation, AI security and governance, and smart city development.

    According to the SBF National Business Survey 2023/2024, China is one of the top three countries that Singapore businesses have a presence in and is among the top three countries in Asia that Singapore businesses are looking to expand into.

    China has intensified its opening up in the medical sector to meet the growing healthcare demands of the population. The country announced in September that it would give the green light to establishing wholly foreign-owned hospitals in some cities like Beijing and Shanghai.

    “The opening up of the healthcare sector in China presents tremendous opportunity for us,” Kok said, citing the case of Mirxes, a CIIE participant seeking local partnerships such as promoting its solution to screen early-stage stomach cancer, drawn by China’s huge market potential and enhanced intellectual property protection.

    RMA Contracts, a Singapore business process outsourcing company, will be using the CIIE platform to tap into the China-Singapore Tianjin Eco-City, a representative cooperation project between the two countries, according to Kok.

    Another interesting thing Kok observed is that Singapore companies are looking beyond penetrating the Chinese market via the CIIE, citing examples of participating companies seeking cooperation with non-Chinese firms.

    Kok said CIIE is an important platform for reaching the global market. “You don’t just come in thinking to connect with China. If you broaden your mind, you can look for partners in your home country or even outside of China, which is the charm of a platform like CIIE.”

    MIL OSI China News –

  • MIL-OSI Asia-Pac: Speech by SITI at Seminar on Life Science and Global Health “Innovation ·Inclusion · Impact” (English only) (with photo)

    Source: Hong Kong Government special administrative region

         Following is the speech by the Secretary for Innovation, Technology and Industry, Professor Sun Dong, at the Seminar on Life Science and Global Health “Innovation ·Inclusion · Impact” on November 5 (Ottawa time):
     
    Ms Wu (Board Director of Hong Kong Canada Business Association, Ottawa, and Department Chair of Algonquin College School of Business and Hospitality, Ms Sandra Wu), Mr Eng (President of Hong Kong Canada Business Association, Ottawa, Mr Frank Eng), Senator Woo (Senator of Canada, Mr Woo Yuen-pau), Mr McLean (Member of the House of Commons of Canada, Mr Greg McLean), Mr Arya (Member of the House of Commons of Canada, Mr Chandra Arya), distinguished guests, ladies and gentlemen,     
     
          Good evening. It is my great pleasure to join you all here today in Ottawa and in such a historic building for the Seminar of Life Science and Global Health, to explore the vital intersection of life science and global health, through the lenses of innovation, inclusion, and impact.
     
          Over the years, Hong Kong has established close ties with Canada in many façades, say economically, culturally and people-to-people bond. We share many similarities and a wide range of common interests. While Canada has long been recognised as a powerhouse in the field of life and health science, Hong Kong is emerging as an international innovation and technology (I&T) centre, as well as a health and medical innovation hub in the Asia-Pacific region. Taking this opportunity, I would like to give you a brief update on Hong Kong’s I&T landscape and the opportunities that lie ahead in the field of life and health technology.
     
          Promoting I&T development is of top priority on the policy agenda of the Hong Kong Special Administrative Region (SAR) Government. Back in December 2022, we promulgated the Hong Kong I&T Development Blueprint, which clearly indicated our development direction to perfect the I&T ecosystem by promoting positive interaction between upstream for basic research, midstream for technology transfer, and downstream for all industries development. We greatly support the development of technology industries with an edge and of strategic importance.
     
          Life and health technology is one of our focuses.
     
          Hong Kong possesses professional medical services and a well-established healthcare system. Supported by five top 100 universities and two top 40 medical schools in the world, together with a multitude of world-class experts in the life and health disciplines, Hong Kong enjoys significant advantages in developing life and health technology. 
     
          To capitalise on our strength in basic research and foster global I&T collaboration, Hong Kong’s flagship R&D (research and development) initiative, namely InnoHK, has built collaboration with more than 30 world-renowned universities and research institutes from 12 economies, including Canada of course, and set up a total of 29 InnoHK research laboratories. Of these, 16 of them focus on healthcare-related technologies and have brought notable scientific achievements and benefits to society. For example, the Centre for Eye and Vision Research, which was jointly established by the University of Waterloo and Hong Kong Polytechnic University, is one of them.
     
          Furthermore, we will launch a HK$6 billion subsidy programme, roughly $1.1 billion Canadian dollars, to support setting up cross-institutional and multidisciplinary life and health technology research institutes in Hong Kong. We have also earmarked HK$3 billion, that is approximately $540 million Canadian dollars, for the Frontier Technology Research Support Scheme to accelerate cross-disciplinary researches in various frontier technology fields, including clinical medicine and health, gene and biotechnology, spearheaded by the local funded universities and renowned scholars from around the world. These initiatives will empower us to create a vibrant research atmosphere with the participation of global talent, thereby strengthening Hong Kong’s capability for forward-looking and disruptive scientific researches.
     
          A few weeks ago, the Chief Executive of the Hong Kong SAR Government announced his 2024 Policy Address, in which a series of new initiatives are introduced to accelerate the pace of the development of Hong Kong into an international I&T centre.  Among them, we will launch a new HK$10 billion I&T Industry-Oriented Fund, which is equivalent to around $1.8 billion Canadian dollars, to form a fund-of-funds to channel more market capital to invest in specified emerging and future industries of strategic importance, including life and health technology. Indeed, we launched a HK$10 billion Research, Academic and Industry Sectors One-plus Scheme last year to accelerate the transformation and commercialisation of outstanding research outcomes from universities, and another HK$10 billion New Industrialisation Acceleration Scheme this year to encourage industries of strategic importance, including life and health technology, to set up new smart production facilities in Hong Kong. Just these three funding schemes alone, totalling HK$30 billion, almost $5.4 billion Canadian dollars in financial commitment, demonstrates our strong commitment to promoting industry development and placing a strong emphasis on investment in the I&T sector.
     
          Adequate sites and sophisticated infrastructure are equally important for the long-term I&T development. Located in the border area between Hong Kong and Shenzhen, the Hetao Hong Kong Park, or the Loop in short, will serve as an I&T hub of strategic value connecting Mainland China and the international community. We will set up the InnoLife Healthtech Hub in the Loop to attract top-notch research teams and talent from around the world. We will allocate another HK$2 billion to support the InnoHK research clusters to establish presence in the Loop, and HK$200 million to support start-ups in the Loop engaging in life and health technology in the form of incubation and acceleration programmes. 
     
          Besides, new I&T land will be available in San Tin Technopole in the northern part of Hong Kong to support I&T industry development, creating synergy with the nearby Shenzhen I&T Zone. With the new I&T platform in the Loop and new I&T land in San Tin Technopole, coupling with the gigantic market of the Guangdong-Hong Kong-Macao Greater Bay Area, there are indeed many I&T opportunities and possibilities lying ahead in Hong Kong.
     
          While the global economic and political situation is becoming more complicated, Asia will still play a pivotal role in the technological revolution. Under the principle of “one country, two systems” and with a strategic geographical location on the doorstep of Mainland China, Hong Kong is the best platform to connect I&T talent and companies from Mainland China and around the world. Whether you are looking for job opportunities, capital or investment, there is always a place for you in Hong Kong. I strongly believe that apart from life and health technology, there is a lot of room for bilateral collaboration between Hong Kong and Canada, say, in green technology, renewable energy, environmental protection and sustainability, where Canada has an edge.    
     
          Ladies and gentlemen, the challenges we face in global health are complex and multifaceted. By fostering global I&T collaboration, we amplify the impact brought by innovation and inclusion, from zero to one, from one to many, to unlock new possibilities and drive the next wave of technological advancement for the betterment of the mankind. Hong Kong stands ready to play the promising role as a “super-connector” and a “super value-adder” to create value and impact to the world.
     
          In closing, I would like to express my gratitude to Hong Kong – Canada Business Association (Ottawa) and Invest Hong Kong for organising today’s seminar. I look forward to the fruitful collaborations that will arise from this seminar. Thank you very much.   

    MIL OSI Asia Pacific News –

  • MIL-OSI China: Global climate crisis requires cooperation, not geopolitics

    Source: China State Council Information Office

    Participants pose for a group photo during the sixth Friends of the Paris Agreement High-Level Dialogue in Paris, France, on Oct. 28, 2024. [Photo/The European Climate Foundation]

    Climate change knows no borders and demands a coordinated global response. The 2015 Paris Agreement was a landmark achievement in multilateral climate governance, with countries pledging collective action to mitigate carbon emissions.

    However, geopolitical tensions increasingly complicate the path to unified global climate action. Some nations are undermining international trust through protectionist policies and trade barriers driven by self-interest.

    Amid this backdrop, the recent sixth Friends of the Paris Agreement High-Level Dialogue, held in Paris on Oct. 28-29, offered a platform to reflect on the progress and challenges of global climate cooperation.

    In an exclusive interview with China.org.cn, Jiang Feng, a researcher at Shanghai International Studies University and chairman of the Shanghai Academy of Global Governance & Area Studies, emphasized that combating climate change requires international collaboration rather than divisive geopolitics. 

    He emphasized the need for stronger China-Europe cooperation, warning that recent countervailing duties on Chinese electric vehicles (EVs) could undermine global efforts to reduce emissions.

    Jiang noted that the Paris Agreement established ambitious, binding targets for global carbon emissions reduction, reflecting a consensus on the urgency of climate action. China, instrumental in shaping and committing to the Paris goals, has made notable progress and received widespread recognition. However, not all countries are showing the same level of commitment; some engage in more rhetoric than action and politicize the transfer of technology.

    Participants at the Paris meeting expressed concerns about the possible negative impact of the upcoming U.S. election on global emissions reduction efforts.

    A key takeaway from the dialogue was the need to broaden the focus of climate measures beyond just emissions reduction targets. Jiang stressed that technological innovation, biodiversity preservation and energy structure transformation should also be prioritized.

    “The Paris Agreement represents a shift – a need for humanity to transition from fossil fuels to renewable energy,” he stated, calling it a historic opportunity for sustainable development.

    Such a transition requires countries to rethink their development philosophies and models to address the core issues of climate change. Jiang pointed to China’s investment in renewable energy as a key example. With strong policies, substantial investments, and technological innovation, China has fueled significant growth in renewables, supporting its economy while also aiding the global energy transition and emissions reduction.

    Jiang also highlighted the ambitious goals set by the European Union and some member states in their fight against climate change. For example, Aachen in Germany and RWTH Aachen University aim for carbon neutrality by 2030 – 15 years ahead of Germany’s national target. Jiang noted that this and other examples show a strong awareness among several countries in addressing climate change, bringing together governments, universities, businesses, and civil society.

    Yet, despite significant achievements, many challenges remain, particularly in the transfer of green technology. “Many innovative technologies are not being fully utilized due to rising geopolitics and trade protectionism, which politicize and instrumentalize the transfer of essential technologies and products globally,” Jiang lamented.

    The EU’s recent five-year imposition of countervailing duties on Chinese EVs illustrates this dilemma. Jiang stated that some countries have maliciously labeled China’s success in the photovoltaic and electric vehicle sectors as “overcapacity.” While the measure aims to give European manufacturers a “window” to strengthen their industries, experts fear it creates unnecessary barriers to technology exchange. Given that European industries require China’s advanced EV technology, such measures may ultimately hinder both Europe’s and global progress toward renewable energy. Instead of imposing trade restrictions, Jiang urged nations to create a supportive and collaborative environment for green technology transfer.

    During the dialogue, Chinese representatives met with experts from the International Energy Agency and European institutions to discuss enhancing mutual understanding and cooperation.

    Jiang emphasized the importance of China-Europe collaboration, suggesting that as key global players, they should jointly plan technology research, development, and transfer projects for third parties or other regions, making these technologies more market-oriented and industrialized.

    “This can not only aid third-party countries and regions but also open up new opportunities for China-Europe collaboration, creating growth drivers for their relationship,” he explained.

    MIL OSI China News –

  • MIL-OSI Asia-Pac: LCQ13: Building international gold trading market

    Source: Hong Kong Government special administrative region

    LCQ13: Building international gold trading market
    LCQ13: Building international gold trading market
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         Following is a question by the Hon Rock Chen and a written reply by the Acting Secretary for Financial Services and the Treasury, Mr Joseph Chan, in the Legislative Council today (November 6): Question:      The Third Plenary Session of the 20th Central Committee of the Communist Party of China, convened in July this year, adopted a resolution to, among others, consolidate and enhance Hong Kong’s status as an international financial centre. Meanwhile, the 2024 Policy Address has proposed to build an international gold trading market and develop world-class gold storage facilities, while exploring with the Mainland authorities the inclusion of gold-related products in the mutual market access programme. There are views that facilitating financial flows among Hong Kong, the Guangdong-Hong Kong-Macao Greater Bay Area and the international market can consolidate Hong Kong’s status as an international financial centre. In this connection, will the Government inform this Council: (1) whether it has any specific plans to take forward the mutual market access regime with the Mainland to include gold products, and to consider conducting offshore Renminbi-denominated gold trading; if so, of the timetable and trading implementation rules, and whether it will study the related arrangements jointly with the National Financial Regulatory Administration and other relevant Central ministries; (2) whether it has plans to promote cross-industry collaborative mechanisms in the related work, thereby facilitating co-operation among the Hong Kong Exchanges and Clearing Limited, financial institutions, insurance companies, logistics companies, gold storage companies and traders; and (3) how it will promote the gold trading market in Hong Kong, particularly in attracting international and Mainland investors; whether it has plans to enhance ties with suppliers in the Middle East and the Southeast Asian region through organising international conventions or exhibitions? Reply: President,      Our consolidated reply to the three parts of the question is as follows:      The Third Plenary Session of the 20th Central Committee of the Communist Party of China (CPC Central Committee) adopted the Resolution of the CPC Central Committee on Further Deepening Reform Comprehensively to Advance Chinese Modernization. The Resolution calls on Hong Kong to fully harness the institutional strengths of “one country, two systems” while consolidating and enhancing its status as an international financial, shipping and trade centre.      In the Policy Address this year, the Chief Executive has emphasised the need to explore new growth areas. Building an international gold trading centre is a new growth point for Hong Kong to consolidate and enhance its status as an international financial centre. Gold serves as a crucial anchor in the precious metals category, possessing multiple attributes as a commodity, a reserve asset, and an investment product. Under increasing global political and economic uncertainties, gold is one of the key hedging tools. With the geopolitical environment becoming more complex and some regional situations remaining unclear, it is expected that global demand for gold will remain substantial. Many investors would like to store physical gold in different geographical locations, which presents opportunities for Hong Kong to develop the gold market.      Financial trading of gold generally refers to investors on the basis of needs making use of standard or tailored contracts to buy and sell physical gold or related spot or futures financial products (e.g. funds, forwards, swaps and futures). Experiences of overseas trading show that commodity markets, including those specialising in financial trading of gold, have their own characteristics. It takes time to build up trading and the ecosystem. While Hong Kong has the potential for both on- and off-exchange transactions, the relevant development requires detailed planning and a gradual and orderly progression.      As the first step, the Government will focus on the development of world-class gold storage facilities, thereby attracting more investors and users from different economies, including the Middle East and Southeast Asia, to store gold in Hong Kong. Based on increased storage, we expect to scale up associated support services in insurance, testing and certification, logistics, etc, while in parallel expanding related transactions including collateral, loan and hedging, hence creating a comprehensive ecosystem in a progressive manner. This will drive all-round multi-currency trading, clearing and delivery, as well as the development of the regulatory system (covering transactions using offshore Renminbi), thereby establishing a holistic gold trading centre with an industry chain. We will also as appropriate explore with the Mainland institutions (including financial regulators) mutual access with the Mainland financial market.      In the proactive development of gold trading in Hong Kong, the wisdom, contributions and concerted efforts of different sectors involved are needed. The Financial Services and the Treasury Bureau will set up a working group within this year to formulate plans on enhancing the trading and regulatory mechanisms of the market. Issues to be looked into will cover gold supply and demand, product development, application of standards, clearing mechanism, logistics and storage, testing and certification, talent training, cross-boundary collaboration, etc. We are considering the composition of the working group, which will encompass industry professionals, the Hong Kong Exchanges and Clearing Limited, Chinese Gold and Silver Exchange, financial institutions, etc. We will also communicate and liaise with the Mainland exchanges concerned. When discussing specific issues, the working group will invite the participation of relevant industry practitioners (e.g. those from the insurance and logistics sectors). The working group will also explore conducting promotion activities in the Mainland and globally to attract Mainland and international investors and users to store gold and conduct trading, clearing and delivery in Hong Kong.

     
    Ends/Wednesday, November 6, 2024Issued at HKT 12:15

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: LCQ21: Mega Arts and Cultural Events Fund

    Source: Hong Kong Government special administrative region

    LCQ21: Mega Arts and Cultural Events Fund
    LCQ21: Mega Arts and Cultural Events Fund
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         ​Following is a question by the Hon Mrs Regina Ip and a written reply by the Secretary for Culture, Sports and Tourism, Mr Kevin Yeung, in the Legislative Council today (November 6): Question:     To promote the development of Hong Kong as the East‑meets‑West centre for international cultural exchange, and to drive the city into an international cultural metropolis and a destination for tourists worldwide, the Government set up the Mega Arts and Cultural Events Fund (Mega ACE Fund) in April last year to attract and support large-scale arts and cultural events to be held in Hong Kong by providing funding support to the organizers of such events. In this connection, will the Government inform this Council:(1) of the following information since the establishment of the Mega ACE Fund (set out by year): (i) the number of grants and the amount of funding granted, (ii) the remaining balance of the funding, (iii) the number of applications received, and (iv) the number of events funded, the amount of funding received and the actual costs incurred for each event;(2) whether the Government has assessed the economic benefits brought to Hong Kong (including the number of inbound tourists attracted to Hong Kong, the amount of spending induced and the economic value generated) by the mega events funded by the Mega ACE Fund that were already held; if so, of the details; if not, the reasons for that, and whether it will conduct such assessment;(3) given that in its progress report submitted to this Council in April this year on the motion on “Promoting the in-depth integration of culture, sports and tourism to revitalize the tourism industry”, the Government indicated that it would set corresponding key performance indicators for each of the funded mega events and activities, of the progress of such work;(4) given that the Secretary for Culture, Sports and Tourism indicated in 2022 that the Government’s initial plan was to allocate about $60 ‍million from the Arts and Sport Development Fund to fund around four events through the Mega ACE Fund each year, and as shown in the information provided by the Government in its reply to a question raised by a Member of this Council on the Estimates of Expenditure for the financial year of 2024-2025, the respective number of events funded by the Government through the Mega ACE Fund in 2023 and 2024 has both exceeded four, of the reasons for the number of events funded in each of these two years exceeding the expected number, and whether the amount of the funding for each year has exceeded $60 million; if so, of the mechanism through which the Government reports to this Council in this regard; and(5) as there are views that the Mega Arts and Cultural Events Committee (Mega ACE Committee), currently responsible for vetting and approving the Mega ACE Fund applications, may draw reference from the composition of the committees for vetting and approving other funding applications in the past and include civil servants as members, whether the Government will consider appointing civil servants as ex-officio members of the Mega ACE Committee, so as to enhance the coordination of the events funded by the Mega ACE Fund; if so, of the implementation timetable; if not, the reasons for that?Reply:President,     Our reply to the question raised by the Hon Mrs Regina Ip is as follows:(1) and (4) The 2022 Policy Address announced the setting up of the Mega Arts and Cultural Events (ACE) Fund to provide incentives for organisers of large-scale arts and cultural events so as to attract and support international and mega arts and cultural events to be staged in Hong Kong, with a view to further developing Hong Kong into an arts and cultural hub.      The Government officially set up the Mega ACE Fund in April 2023. At the early planning stage, our initial plan was to allocate about $60 million from the arts portion of the Arts and Sports Development Fund to fund at least four events each year, which was budgetary in nature. The Government was pleased to note that many large-scale events have applied for the Mega ACE Fund since its launch, and the Fund has supported a number of mega events to be held in Hong Kong after the pandemic, which is in line with the Government’s objective of setting up the Mega ACE Fund.      In 2022, 2023 and 2024, we received two, 25 and 44 applications respectively. As of October 2024, 17 applications have been approved.     Details of the 17 approved projects are as follows: 

    Title of Event(according to the chronological order of the event)
    Approved Funding Amount (HK$)

    Art Basel Hong Kong 2023
    15,000,000

    Art Central 2023
    2,531,632

    “Madame Song: Pioneering Art and Fashion in China”
    8,000,000＊

    Freespace Jazz Fest 2023
    8,000,000

    INK ASIA 2023
    13,672,155.7

    “Botticelli to Van Gogh: Masterpieces from the National Gallery, London”
    15,000,000＊

    Chubby Hearts Hong Kong
    7,785,000＊

    A Path to Glory – Jin Yong’s Centennial Memorial • The World of Wuxia
    15,000,000＊

    ComplexCon Hong Kong 2024
    15,000,000

    Art Basel Hong Kong 2024
    15,000,000＊

    Art Central 2024
    11,000,000

    Voyage with Van Gogh
    11,800,000＊

    Chinese Kungfu x Dance Carnival
    14,686,070＊

    ART021 Hong Kong Contemporary Art Fair
    15,000,000＊

    Puccini’s Turandot
    700,000＊

    Hypefest Hong Kong 2024
    15,000,000＊

    A pop culture event(Details of the event will be announced in due course to tie in with the promotional plans of the organiser.)
    15,000,000＊

    ＊Actual grant amount to be finalised upon the submission of audited report by the grantee after the event.     The purpose of requesting the organisers of the approved projects to submit audited account report upon completion of their projects is to ensure that the grant provided by the Mega ACE Fund is fully and properly applied to the approved budget items.  As far as we understand, these projects may also incur costs that are covered by other sources of income, which the organisers are not required to report these items in their reports to us. Therefore, we do not maintain the information on the overall actual cost incurred for each project.(2) and (3) The Mega ACE Fund was established when the community was recovering from the pandemic. The number and variety of activities were crucial for the construction of a vibrant ecosystem of large-scale arts and cultural events, thus the Culture, Sports and Tourism Bureau (CSTB) has been actively introducing arts and cultural events with different orientations and genres through the Mega ACE Fund. At present, we will request the organiser of each approved project to set suitable Key Performance Indicators (KPIs) accordingly. The KPIs concerned will form part of the funding agreement, so that the effectiveness of the project will be monitored. According to the requirements of the Mega ACE Fund, grantees must follow the provisions of the funding agreement to carry out the proposals and fulfill the related obligations. They must also submit an event report after the completion of the event and will only receive the remaining grant amount upon the acceptance of the report.     Regarding the approved projects stated in our reply to parts (1) and (4) above, 15 projects were completed, attracting an attendance of over 4.76 million in total. The response has been positive and exceeded the targets, bringing a positive impact on the arts and cultural ecology of Hong Kong. For instance, ComplexCon Hong Kong 2024 attracted over 32 000 participants, among them 55 per cent were tourists, whereas Art Basel Hong Kong 2024 brought together 242 galleries from across 40 countries and territories, which attracted around 80 400 participants, of which half of them were visitors. Having said that, as different activities have different target audiences, it is inevitable that some activities will perform better in attracting tourists, and we should not adopt a broad-brush approach in assessing the effectiveness of the activities.      Apart from some quantifiable indicators such as the number of participants, these projects supported by the Mega ACE fund also bring unquantifiable values to the arts and cultural landscape of Hong Kong. A series of events covering a wide range of arts genres make arts more accessible to the public and tourists, encourage them to appreciate arts and arouse their interest, gradually creating a rich artistic atmosphere within the community. In addition, these projects are in line with the Government’s direction of promoting the development of arts and culture industries in Hong Kong, including fostering international cultural exchange with the Mainland and overseas countries, offering platforms for young and emerging artists to showcase their work, and contributing to the development of the industries, etc. For example, Art Central 2024 provided a platform for local young artists to create large-scale art installation, while the sculpture exhibition “A Path to Glory – Jin Yong’s Centennial Memorial • The World of Wuxia” will tour in the Mainland and overseas, exporting Hong Kong’s local characteristics and Chinese culture. In the long run, the Mega ACE Fund plays an important role in promoting the diversified development of Hong Kong’s arts and culture ecosystem.      The positioning of the Mega ACE Fund is mainly to support the development of Hong Kong’s arts, culture and creative industries. As the Mega ACE Fund has been fully operated for around a year and a half, we have not yet specifically assessed the economic benefits brought by the Mega ACE events for the time being. Taking into consideration the latest developments in Hong Kong’s arts and culture sector and ecology, the CSTB has reviewed the operation and funding mode of the Mega ACE Fund based on the experience gained after setting up the Fund and consulted the Mega ACE Committee and relevant stakeholders.(5) The Mega ACE Committee is an advisory body of the Government, responsible for advising the Government on the strategies to attract mega arts and cultural events to be held in Hong Kong as well as the operation of the Mega ACE Fund, and assessing applications under the fund for the Government’s approval. The Committee comprises leaders from the arts and cultural and other sectors. The CSTB provides secretariat service for the Committee, including communication with the applicants and grantees. In the course of processing the applications, the secretariat will also seek comments from relevant government bureaux or departments for the Committee’s reference.      The Mega ACE Committee is responsible for assessing the applications and making recommendations to the CSTB while the Government will take into account the recommendations of the Committee and consider the applications from different perspectives before making a final decision. The current mechanism leverages on the advice from leaders and the role of Government officials in the vetting process.           Having said that, when arranging the appointment for the next term of the Committee, the CSTB will actively consider the recommendation for appointing ex-officio member so as to enhance the coordination work of mega arts and cultural events.

     
    Ends/Wednesday, November 6, 2024Issued at HKT 12:30

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: LCQ18: Promoting the development of low-altitude economy

    Source: Hong Kong Government special administrative region

          ​Following is a question by the Hon Elizabeth Quat and a written reply by the Secretary for Transport and Logistics, Mr Lam Sai-hung, in the Legislative Council today (November 6):Question:     Low-altitude economy is one of the country’s strategic emerging industries, and the 2024 Policy Address has proposed to establish the Working Group on Developing Low-altitude Economy to formulate strategies and interdepartmental action plans for the development of low-altitude economy. In this connection, will the Government inform this Council:(1) whether the Government will set up research and development (R&D)-cum-test flight bases for low-altitude economic technologies in Hong Kong, so as to actively promote R&D and application certification of drones and electric vertical take-off and landing (eVTOL) aircrafts, including conducting studies on how to design vertical take-off and landing points, how to ensure aviation safety of drones and eVTOL aircrafts in airways of narrow urban area or structurally complex landscape, the related automated flight technologies, remote control flight design, etc.;(2) as there are views pointing out that radio mobile communication network is indispensable for promoting low-altitude economic activities, whether the Government will, in respect of the planning of dedicated spectrum resources for low-altitude communications, advance discussions with telecommunications operators on the licensing arrangements for fifth generation (5G)/sixth generation (6G) mobile services radio base stations, and make planning for the allocation of dedicated spectrum resources for low-altitude communications towards building a low-altitude intelligent network;(3) whether the Government will assist telecommunications operators in advancing the testing and construction of the relevant ancillary network facilities, and formulate supporting policies (e.g. tax concessions) to encourage the early construction of a low-altitude intelligent network by telecommunications operators, including (i)‍ expediting the integration of various technologies such as 5G and 5G-Advanced (i.e. 5G-A with new enhanced capabilities such as integrated sensing and communication), BeiDou Navigation Satellite ‍System, satellite interconnection network, automatic dependant‍ surveillance-broadcast system, radar, etc., (ii) improving the‍ construction of an ancillary facilities network in respect of‍ low-‍altitude communications, navigation, surveillance, identification, meteorology, counter-drone, etc., and (iii) achieving interconnection with the relevant platforms in Guangdong Province and collating sensory data of various regions, so as to progressively build a comprehensive central low-altitude intelligent network serving the entire Guangdong-Hong Kong-Macao Greater Bay Area (GBA);(4) as there are views that the development of low-altitude economy hinges on talents in different fields (including interdisciplinary talents in aviation, law, finance and engineering), whether the Government will estimate the number of talents required in different fields, conduct studies on the formulation of unified professional standards (including the certification standards of software and hardware, as well as the arrangements for mutual recognition of licences of the relevant professionals in GBA), and provide the relevant training;(5) as there are views pointing out that low altitude-international civil aviation intermodal transport is a cost-‍effective and convenient mode of travelling, and Mainland residents can fly to urban areas in Hong Kong or directly to the airport from in-town take-off and landing points in other Mainland GBA cities by helicopters or eVTOL aircrafts before making use of the frequents flights departing from Hong Kong to travel to places all over the world, while travellers from all over the world can use Hong Kong as a hub to travel to and from other Mainland GBA cities by helicopters or eVTOL aircrafts, and Hong Kong residents can also travel to and from urban areas in the Mainland via take-off and landing points in the urban areas of Hong Kong, whether the Government will conduct studies to improve the policy on low altitude traffic rights in GBA and enhance the utilization grouping of air traffic rights, including establishing low-altitude transport agreements with the relevant Mainland authorities, negotiating the extension of the existing civil aviation traffic rights to low-altitude airspace, and drawing up co-location or joint boundary control arrangement for low-altitude intercity transport, with a view to establishing such intermodal transport; and(6) as it is learnt that the Shenzhen Municipal Plan for Constructing High-quality Taking-off/Landing Facilities for Low-altitude Flying ‍(2024-2025) published by the Shenzhen Development and Reform ‍Commission has proposed the construction of more than 1 ‍000 ‍low-‍altitude aircraft take-off and landing platforms and 123‍ new‍ take-off and landing points for logistic transportation by the end of 2025, and that the Implementation Plan for Low-altitude Economic Development in Guangzhou Province issued by the People’s‍ Government of Guangzhou Province has also proposed the construction of more than five new hub-type vertical take-off and landing ports and more than 100 new regular take-off and landing points by 2027, and it has been reported that at present, there are 30, 8 and 11 national general aviation airports in Shenzhen, Guangzhou and Shanghai respectively, whether the Government will draw reference from the experience of the aforesaid cities in planning the construction of general aviation airports as well as take-off and landing points for low-altitude aircrafts and logistic transportation in Hong Kong; if so, of the details; if not, the reasons for that?Reply:President,     Low-altitude economy (LAE), with its great potentials, can be applied widely in different areas and help promote the development of various industries, thereby injecting new impetus into Hong Kong’s economy. In the 2024 Policy Address, the Chief Executive announced the work direction for promoting the development of LAE, including the establishment of the Working Group on Developing LAE (the Working Group) led by the Deputy Financial Secretary to formulate development strategies and action plans. The Government will commence work on various fronts to press ahead with the promotion of LAE as one of the growth engines of new quality productive forces.     In consultation with the Commerce and Economic Development Bureau, the Development Bureau, the Innovation, Technology and Industry Bureau, the Civil Aviation Department (CAD) and the Office of the Communications Authority (OFCA), the reply to Hon Elizabeth Quat’s question is as follows:(1) and (6) Promoting the development of LAE requires coordination of different policies, among which the development of infrastructure is of paramount importance. In the long run, the vibrant development of low-altitude activities requires a highly efficient, intelligent and digitalised low‑altitude infrastructure system to manage the networks of low‑altitude activities in real time and address the complex management and safety issues arising from low-altitude flying activities. Therefore, the Working Group will embark on technical studies and planning for low-altitude infrastructure. The scope of studies include the design of take-off/ landing points and related hardware facilities (including charging facilities, spatial requirements), air route network, communications network, signal reception of the global navigation satellite system, requirements of the low-altitude surveillance system, etc.      We note that some Mainland cities are planning to develop take-off/ landing point networks for low-altitude aircraft, with a view to facilitating different low-altitude flying activities. The Working Group will continue to closely monitor and make reference to the latest development in Mainland cities in respect of infrastructural development for LAE, and deploy relevant planning in Hong Kong according to local conditions. We are of the view that large-scale land creation projects such as the Northern Metropolis are well-positioned to provide sufficient land and design flexibility to cope with the land and spatial requirements of the infrastructural needs arising from LAE. In terms of specific town planning, facilities related to LAE such as vertiports and charging facilities can generally be accommodated under the permitted uses of the relevant zoning or their ancillary uses. In addition, even for developed areas, having regard to the economic development potentials and demand for LAE in the area, the Government will make feasible and pragmatic arrangements accordingly. The overall development of low-altitude infrastructure is a huge systematic project. The Working Group will co-ordinate the work of different bureaux and departments to ensure that the relevant work complements one another.      As regards the promotion of technological research and development (R&D) in LAE, the Government has all along been supporting R&D in different technology areas through the Innovation and Technology Fund (ITF), including supporting local universities, R&D centres and enterprises to conduct R&D in electronics, data transfer and processing, which are related to LAE, through funding schemes under ITF. To promote the development of the innovation and technology (I&T) industry, the Government encourages enterprises (including those involved in industries related to LAE) to set up R&D centres and new smart production lines in Hong Kong, including enabling production activities by capitalising on resources of Hong Kong’s existing manufacturing industry, to promote the development of the real economy. (2) and (3) Among the various infrastructure facilities, mobile radio communications network is inevitably an indispensable part for promoting low-altitude flying activities. To promote the effective use of spectrum and prevent interference among different services, the Communications Authority (CA) takes into account multiple factors in planning spectrum, including recommendations of the International Telecommunication Union, development trends in the Mainland and worldwide, relevant users’ demand for various radio equipment, technological development etc., for designating the uses of relevant spectrum bands, such as public mobile services, fixed services, broadcasting services and fixed satellite services. At present, unmanned aircrafts for aerial photography or performances can generally use the shared 2.4 GHz and 5 GHz bands assigned for wireless local area networks, or the fourth generation (4G) or fifth generation (5G) mobile networks for remote control, data transmission, and positioning purposes.     The Government will conduct two spectrum auctions in November 2024 and another one in 2025. The spectrum concerned can effectively support the operation of unmanned aircrafts. The OFCA will continue to closely monitor telecommunications market developments in the Mainland and worldwide, including the feasibility of planning dedicated spectrum bands for the exclusive use of unmanned aircrafts, so as to ensure that the spectrum planning in Hong Kong will align with the Mainland and other advanced economies, thereby promoting the development of LAE activities in Hong Kong.     On the development of mobile network, the Government has been implementing different initiatives to encourage mobile network operators (MNOs) to expand their communications infrastructure, including enabling MNOs to access the reserved space in specified buildings with building plans approved on or after April 1, 2025 to install and maintain mobile communications facilities through the amendment to the Telecommunications Ordinance (Cap. 106) (TO), proactively facilitating MNOs in installing radio base stations (RBSs) at government premises through pilot scheme, reserving space and loading capacity on multi-functional smart lampposts in various districts for installation of RBSs by MNOs, improving mobile coverage in remote and rural areas through subsidy scheme and actively coordinating 5G network capacity expansion at major public event venues, etc. In addition, under the amended Inland Revenue Ordinance (Cap. 112) which came into effect in January this year, MNOs can enjoy tax deductions for spectrum utilisation fees payable on radio spectrum acquired in future, providing greater incentives for MNOs to participate in spectrum auctions and invest in mobile network infrastructure to further improve network quality.     On conducting tests, CA will issue permits pursuant to section 7E of the TO for short-term assignment of spectrum in different frequency bands to MNOs and other interested parties free of charge, so that they can use their radio equipment for various radio transmission tests and applications, including unmanned aircrafts.      In the meantime, the Government will take forward the regulatory sandbox pilot projects progressively starting from early next year to explore more application scenarios for low-altitude flying activities. The pilot projects will be conducted under different scenarios to test various technical and ancillary facilities requirements, including the mobile radio communications network, signal reception of the global navigation satellite system and requirements of the low-altitude surveillance system, etc. The experience and data gathered from the implementation of pilot projects will help the Government formulate appropriate infrastructure system and related network supporting facilities in the long run. The Government will also continue to closely monitor and make reference to the latest developments in the Mainland, worldwide and other developed regions, drawing reference from the experience of other places to ensure that the infrastructure and ancillary facilities to be built will be compatible with those in the Mainland and worldwide. (4) The development of LAE requires talents in various fields, including those engaging in industries such as I&T. In respect of I&T talents, the Government has been adopting a multi-pronged approach to enlarging the local I&T talent pool. For example, regarding the nurturing of I&T talents, the Government launched the STEM Internship Scheme and sponsored the Innovation and Technology Scholarship, which encourage university students to experience I&T-related work and take part in in I&T-related exchange activities respectively. The Government also launches different schemes to assist the youth in pursuing a career in I&T after graduation. For example, through the Research Talent Hub, the Government funds qualified institutions and enterprises to recruit university graduates of STEM subjects (Science, Technology, Engineering and Mathematics) to conduct R&D work. The Hong Kong Science and Technology Parks Corporation and Cyberport also provide the youth with internship and start-up opportunities through various schemes. In order to facilitate talent admission to Hong Kong, the Technology Talent Admission Scheme handles applications that involve the admission of non-local talent to undertake R&D work in Hong Kong expeditiously, covering 14 technology areas. While taking forward the development of LAE, the Government will review the talents required by the relevant industries and make timely planning accordingly. (5) The Government and the Civil Aviation Administration of China (CAAC) expanded the Memorandum of Understanding under the Air Services Arrangement between the Mainland and the Hong Kong Special Administrative Region in 2019, under which designated helicopter operators of both sides may operate flights between take-off/ landing points in Hong Kong and within the whole Guangdong Province that fulfill relevant customs, immigration and quarantine (CIQ) arrangements. This greatly enhances the choice of potential take-off/ landing points and the flexibility of services, providing a solid basis for expanding cross-boundary helicopter services between Hong Kong and other cities in the Guangdong–Hong Kong–Macao Greater Bay Area. Hong Kong and Guangdong will continue to explore measures to promote cross-boundary commercial helicopter services within the framework of the above-mentioned air services arrangement. The Transport and Logistics Bureau will also maintain close communication with CAAC on the relevant air services arrangement.     At present, there are two cross-boundary heliports in Hong Kong with permanent CIQ facilities, namely the cross-boundary heliports at the rooftop of the Sheung Wan Hong Kong-Macau Ferry Terminal and the Hong Kong International Airport (HKIA). Since 2019, serveral Mainland helicopter operators conducted trial flights between Hong Kong and Shenzhen/ Guangzhou. Relevant services are technically and operationally feasible. The Government will continue to facilitate the trial flight activities carried out by the helicopter operators, with a view to implementing cross-boundary helicopter services between Hong Kong and Guangdong as soon as possible. In addition, HKIA launched the Business Jet & Commercial Flight Wing-to-Wing Transfer Service in March this year, which allows passengers arriving at HKIA using cross-boundary helicopters and business jets to directly proceed to transfer to commercial flights under the escort of staff within the airside area, and vice versa. As the service can save about one-third of the transit time for travellers, it will help promote their use of cross-boundary helicopter services and transit through HKIA. The Government will continue to closely monitor the development and market demand of cross-boundary helicopter services and the services of other Advanced Air Mobility, and review the development of relevant facilities in a timely manner.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: LCQ2: Clansmen Culture Promotion Scheme

    Source: Hong Kong Government special administrative region

    LCQ2: Clansmen Culture Promotion Scheme
    LCQ2: Clansmen Culture Promotion Scheme
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         Following is a question by the Hon Jimmy Ng and a reply by the Secretary for Home and Youth Affairs, Miss Alice Mak, in the Legislative Council today (November 6): Question:      The Government has earlier on launched a three-year “Clansmen Culture Promotion Scheme” (the Scheme), under which a total funding of $30‍ million has been earmarked for application by clansmen associations to organise activities promoting hometown culture. It has been reported that the Scheme has received overwhelming responses, and that the Home Affairs Department received 213 applications from 110 clansmen associations this year, of which 39 were approved with funding of about $10 million. In this connection, will the Government inform this Council: (1) of the respective themes of the funded hometown cultural activities; whether it has estimated the number of participants in such activities; if so, of the details; (2) whether it will expand the scope of the subsidy under the Scheme to assist clansmen associations in organizing more activities of different types, so as to promote the vast and profound Chinese culture and enhance public understanding of the latest developments in various provinces and municipalities of the motherland; and (3) whether it will extend the implementation period of the Scheme or even regularise it; whether it will introduce more schemes to help promote clansmen culture; if so, of the details; if not, the reasons for that? Reply:President,      Clansmen associations have a long history in Hong Kong, most of which were established by their ancestors who came to Hong Kong in the early days for development and then settled in, with a view to uniting and serving their fellow clansmen as well as promoting solidarity and mutual support amongst them. The associations play a bridging role between their fellow clansmen and hometowns. They have brought the culture of their hometowns to Hong Kong, enabling different hometown cultures and customs to converge here and make Hong Kong unique.      Being steadfast patriots supporting the country and Hong Kong, clansmen associations have effectively forged cohesion among clansmen who love the country, Hong Kong and their hometowns through their vast social networks and unique geographical backgrounds. They provide resolute support for the Hong Kong Special Administrative Region (HKSAR) Government in implementing “one country, two systems”, promoting the development of Hong Kong, and fostering social harmony and stability. They are reliable and staunch partners of the HKSAR Government and a constructive force driving Hong Kong’s development.      Clansmen associations have been supporting the work of the HKSAR Government in many areas. For example, during the COVID-19 pandemic, clansmen associations volunteered to donate supplies and mobilise fellow clansmen to collaborate with the Government in fighting the epidemic. On the improvement of the electoral system of Hong Kong, clansmen associations’ active support and participation helped ensure that the principle of “patriots administering Hong Kong” was fully implemented.  Clansmen associations also strongly supported the improving of district governance, the election of District Councils and the formation of Care Teams.      In terms of activities, clansmen associations have been organising various clansmen cultural promotion, caring and exchange programmes to promote exchanges and co-operation between Hong Kong and the Mainland in different aspects, with a view to enhancing mutual communication and deepening the friendship between the people as well as fostering the inheritance of fine traditional Chinese culture.      To deepen the public’s understanding of and sense of belonging to their hometowns, thereby fostering the spirit of loving the motherland, Hong Kong and their hometowns; as well as to recognise and strengthen the longstanding efforts of patriotic clansmen associations, the Chief Executive announced in his 2023 Policy Address the launch of the “Clansmen Culture Promotion Scheme” (the Scheme) for a period of three years. In the three consecutive financial years starting from 2024-25, an annual provision of $10 million (i.e. totalling $30 million) is earmarked for application by clansmen associations to subsidise their organisation of activities to promote and preserve hometown culture, unite clansmen in Hong Kong and facilitate exchanges between Hong Kong and the Mainland.      The Home Affairs Department (HAD) began accepting funding applications for the 2024-25 financial year under the Scheme in April this year. Within a one-month application period, a total of 213 applications from 110 clansmen associations were received. By the end of May, the HAD completed the vetting process and approved 39 applications, taking into consideration factors such as the reputation and experience of the applying organisations, as well as the content of their activities and plans. The total amount of subsidy granted is about $10 million.      In response to the questions raised by the Hon Jimmy Ng, the replies are as follows: (1) A wide variety of projects were approved in the first year of the Scheme, which included activities for promoting hometown culture and heritage (e.g. hometown markets, cultural festivals), uniting fellow clansmen in Hong Kong (e.g. home visits, organising volunteer work) and promoting exchanges between Hong Kong and the Mainland (e.g. parent-child heritage tours, youth exchange programmes). From early June to end-October 2024, a total of 20 approved projects were completed, with over 220 000 people participated.      For specific events, for example, the “Clansmen Associations Hometown Market Carnival” jointly organised by 28 clansmen associations at Victoria Park for five days in early June attracted approximately 200 000 visitors. The “Min-Kong Youth Maritime Silk Road Cultural Exchange Tour” and the “Hong Kong-Macao Youth Zhejiang Tour” organised by the Hong Kong Federation of Fujian Associations and the United Zhejiang Residents Associations respectively in July were participated by a total of about 1 000 young people to promote youth exchange between Hong Kong and the Mainland. The Federation of HK Guangxi Community Organisations and the Hong Kong Federation of Hainan Community Organisations held the “Cultural Celebration for National Day” and the “Hainan and Kowloon City Brilliant Night” carnivals in September respectively, engaging over 10 000 participants in promoting hometown culture. In September and October, the Federation of Hong Kong Beijing Organisations organised the “Thank You for Being There – Hand in Hand to Warm Hearts” event, where volunteer teams formed by its fellow clansmen visited grassroots families of about 1 000 people. From September to December, the Federation of Hong Kong Guangdong Community Organisations is conducting the “Guangdong Intangible Cultural Heritage in Schools” programme to host cultural workshops in various primary and secondary schools. It is expected that nearly 1 000 students and parents will be engaged. (2) The scope of projects subsidised under the Scheme is wide. Any locally registered clansmen associations with good reputation and track record; which have all along been committed to promoting hometown culture and fostering exchanges between Hong Kong and hometowns in order to promote the spirit of loving the motherland, Hong Kong and hometowns; and with experience in organising relevant activities, are eligible to apply for subsidy under the Scheme. The subsidy can be used for funding various types of relevant activities such as those for promoting and preserving hometown culture, uniting clansmen in Hong Kong and facilitating exchanges between Hong Kong and the Mainland. There is no restriction on the form of the activities, as long as they are non-profit-making in nature and in line with the objectives of the Scheme.      Apart from the Scheme, the HAD and the 18 District Offices have been collaborating with clansmen associations and various district organisations from time to time to foster community building, while promoting Chinese culture and enhancing public understanding of the country. For example, the HAD co-organised with 28 provincial clansmen associations the “Bazaar Carnival in celebration of the 75th Anniversary of the Founding of the People’s Republic of China” (the Bazaar) from October 25 to 29 at Sha Tin Park. It provided a total of 75 market stalls offering a wide variety of local snacks, specialties and traditional crafts, showcasing the unique culinary and cultural traditions of different provinces and cities. The Bazaar also staged diverse cultural performances such as traditional ethnic dances, acrobatics, folk songs, as well as free screenings of patriotic-themed movies and cultural introductions of various provinces, enabling the public to experience the diverse and colourful Chinese culture from all corners of the country. The five-day Bazaar attracted about 180 000 visitors, with the value of total sales estimated to be more than $4.6 million, highlighting the Government’s close collaboration with clansmen associations to further promote patriotic sentiments and love for Hong Kong in the community.      Besides, clansmen associations also apply for funding support through the on-going Community Involvement Programme implemented by the HAD to organise different projects such as festivals with local characteristics, hometown cultural carnivals and traditional cultural performances to promote district harmony. Some clansmen associations also actively participate in the “Funding Scheme for Youth Exchange in the Mainland” implemented by the Home and Youth Affairs Bureau to apply for funding to organise youth exchange tours to the Mainland, supporting young people to broaden their horizons, deepen their understanding of the country and seize the national development opportunities. (3) In the first quarter of 2025, funding application under the Scheme for the financial year 2025-26 will be launched, with the focus on uniting clansmen in Hong Kong. The HAD will provide funding support for clansmen associations to organise various activities aiming at promoting patriotic education and fostering the spirit of loving the country, Hong Kong and the hometowns. The HAD will timely review the effectiveness and arrangements of the Scheme before the completion of the three-year programme, and will continue to maintain close contact and collaboration with clansmen associations. They have our support in organising all sorts of activities related to hometown culture promotion and patriotic education, and in collaborating with the HKSAR Government to promote the mainstream values of loving the motherland and Hong Kong that are in line with the core principles of “one country, two systems”.     Thank you, President.

     
    Ends/Wednesday, November 6, 2024Issued at HKT 13:28

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    MIL OSI Asia Pacific News –

  • MIL-OSI China: Xi stresses preserving, studying ancient bamboo slips

    Source: China State Council Information Office 2

    Xi Jinping, general secretary of the Communist Party of China Central Committee, has stressed sound protection of and in-depth research on ancient bamboo and wooden slips.
    Xi made the remarks during his visit to an exhibition featuring slips dating back to the Qin Dynasty (221 B.C.-207 B.C.) and the Han Dynasty (202 B.C.-220 A.D.) at a museum in Yunmeng County, central China’s Hubei Province, on Monday afternoon.
    During his visit, Xi learned about the content of the bamboo and wooden slips, their historical and cultural value, and the local preservation and research efforts.
    Noting that these ancient artifacts are extremely precious and are important, physical evidence that supports China’s reliable historical records, Xi urged sound protection of and in-depth research on them.
    Xi also called for continuous archaeological excavation to provide more materials that could serve as irrefutable evidence of the nation’s history.
    Ancient bamboo and wooden slips are slender, rectangular pieces on which ancient Chinese recorded information using brush and ink. Before the invention of paper, bamboo and wooden slips were the primary writing medium in China.
    Unearthed in various parts of China, they offer a rare glimpse into the nation’s administrative, legal and social structures of the time. 

    MIL OSI China News –