Mobile Libraries 4 and 11 will suspend services during designated periods in July for routine maintenance, a Leisure and Cultural Services Department spokesman announced today (June 25). Mobile Libr… read more
The contractors of rooftop works at Hing Tung Shopping Centre in Shau Kei Wan illegally discharged wastewater into the communal storm drain and polluted Shau Kei Wan Typhoon Shelter. The contractor, Sinocham (HK) Enterprises Limited, and its sub-contractor were convicted and fined a total of $16,000 by Eastern Magistrates’ Courts today (June 25) for contravening the Water Pollution Control Ordinance (WPCO).
The Environmental Protection Department (EPD) spokesman said that the department received complaints from members of the public this January that milky wastewater was discharged into Shau Kei Wan Typhoon Shelter. Upon investigation and evidence collection by the EPD, it was confirmed that the wastewater originated from resurfacing works at the rooftop of Hing Tung Shopping Centre. During the works period, the contractor failed to take appropriate wastewater discharge measures, resulting in the runoff of waterproof materials through the storm drain into Shau Kei Wan Typhoon Shelter. The EPD subsequently prosecuted both involved contractors according to the WPCO.
The wastewater generated from construction sites is regulated under the WPCO. The spokesman reminded all construction contractors to take appropriate measures to prevent any untreated wastewater or construction materials from being discharged into storm drains to protect the environment. Under the WPCO, it is an offence for anyone to discharge wastewater into storm drains. First-time offenders are liable to a maximum fine of $200,000 and six months’ imprisonment. read more
Following is the speech by the Financial Secretary, Mr Paul Chan, at the “Miles apart but close at Heart – Innovative Blockchain-based Remittance Solution to Enhance Financial Inclusion” press conference today (June 25):
Jack (Executive Chairman of Alibaba Group, Mr Jack Ma), Eric (Chief Executive Officer and Executive Chairman of Ant Financial Services Group, Mr Eric Jing), distinguished guests, ladies and gentlemen,
Good afternoon. It is my pleasure to join you today, witnessing another breakthrough application of Fintech in Hong Kong: using blockchain technology for cross-border remittances.
While this application would be a pilot at first, allowing Alipay users in Hong Kong to send money to the Philippines, it will in the long run offer a more efficient and cost-effective way of transferring money around the world. Hong Kong is the international financial centre in Asia and it is most fitting that Ant Financial has chosen to kick off this pilot project right here.
While we take pride in Hong Kong’s robust and effective financial regulatory regime that is well in line with international standards, our financial regulators are doing their part to facilitate and foster innovations in the industry. With their dedicated liaison platforms and sandboxes, our financial regulators are allowing financial services providers to conduct pilot trials on Fintech solutions in a confined environment.
For instance, the Fintech Supervisory Sandbox of the Hong Kong Monetary Authority (HKMA) is well loved, and well used by banks. Through the Sandbox, banks and partnering Fintech firms are able to gather real-life data and user feedback on their new Fintech-driven solutions more easily, so that they can make refinements to their proposed solutions as appropriate before full market launch. In just two years’ time, 22 new technology products and services have been tested in HKMA’s Sandbox and have been rolled out to the market.
I am glad to see that Fintech is bringing greater convenience to the public as witnessed in the e-wallet market over the past few years. It all began in 2015 when the Payment Systems and Stored Value Facilities Ordinance came into operation which provided a clear and certain licensing and regulatory framework for stored value facilities (SVFs). With clarity and certainty in regulation, SVF licensees commenced their safe and sound operation and have now developed a secure, efficient and diversified electronic payment industry laying a solid and strong foundation for the development of the e-wallet market. Alipay Hong Kong certainly played a key role in the course as it is one of the first SVF licensees in Hong Kong.
Healthy competition amongst strong SVF operators has led to innovations and new services such as electronic coupons, family group e-wallet management, online shopping, insurance and QR code payment, all to the benefit of the general public. It is therefore not surprising that the number of SVF accounts in use has jumped by 15.4 per cent in just a year’s time to 46.7 million by end-2017 while the value of transactions increased by 27.7 per cent to over $38 billion.
More exciting developments in Hong Kong are in the pipeline, with the launch of the Faster Payment System (FPS) in September this year. This new financial infrastructure will provide full connectivity between banks, SVF operators, merchants and consumers. Participating banks and SVF operators can provide real-time credit transfer and real-time direct debit services to facilitate payments between merchants and customers, as well as peer-to-peer transfers through the FPS platform.
The HKMA is also working with the industry to explore how to enable merchants to use a single QR code for accepting mobile payments from different SVF operators. This is conducive to a wider adoption of QR code payment in Hong Kong and will enhance user experience.
Ladies and gentlemen, an exciting new era of Fintech awaits. The Hong Kong SAR Government will continue to do its best as a promoter and facilitator for Fintech companies in Hong Kong to grow and prosper.
Thank you very much indeed.
The Chinese Opera Festival, presented by the Leisure and Cultural Services Department, will stage “A Tale of Two Genres – Xiqin Opera and Traditional Cantonese Opera” in August. Featuring Lu Weiping, a Representative Bearer of Xiqin Opera as a National Intangible Cultural Heritage, and Cantonese opera virtuosi Law Ka-ying, Wan Fai-yin, Cheng Wing-mui, the performances will highlight interrelated aspects of the two genres while revealing elements of their shared origin.
Xiqin opera is a regional genre that originated from the Xiqin singing style of the Ming dynasty (i.e. qinqiang and Gansu singing styles). It spread to the Hai (Lu) Feng area of Shanwei and evolved along with local folk arts and customs. The genre gradually developed its own form during the early Qing dynasty. It was inscribed in the first listing of National Intangible Cultural Heritage in China in 2006. The Haifeng County Xiqin Opera Heritage Centre (formerly Haifeng Xiqin Operatic Troupe) is at present the only professional group specialising in Xiqin opera. Its Director, Lu Weiping, will lead the troupe’s performance in Hong Kong.
In this programme, shared aspects of classic plays of Xiqin opera and traditional Cantonese opera will be performed on stage. “Executing Own Son at the Gate”, a “pihuang” play of Xiqin opera, shares similar content with “Liulang Executing His Son”, a Cantonese opera play in the classic singing style. The former is also a representative play of the “laosheng” (old male) role, while the latter has its own distinctive singing styles, including the reprimanding tone of Yang Liulang and the singing style of Mu Gua. “Executing Zheng En”, which is sung in “xipi”, resembles the Cantonese opera play “Executing the Duke’s Second Brother”, which is sung in the classic singing style. “Executing the Duke’s Second Brother” is one of the “Eighteen Plays of Cantonese Opera” of the Qing dynasty, as well as one of the earliest great Cantonese opera plays in the classic singing style of Guangdong. Traditional skilful routines will be demonstrated in excerpts of Xiqin opera. In “Liu Xi Chastising His Sons”, for example, Liu Xi performs the traditional chair stunt, using only his waist, hips and legs to move and turn the chair.
Details of the programme are as follow:
August 3 (Friday) 7.30pm
Cantonese opera in classic singing style “Liulang Executing His Son” and Xiqin opera “Executing Zheng En”
August 4 (Saturday) 7.30pm
Xiqin opera “Executing Own Son at the Gate” and Cantonese opera in classic singing style “Executing the Duke’s Second Brother”
August 5 (Sunday) 2.30pm
Xiqin opera Excerpts: “Beating Hands”, “Grasping the Vanity Case”, “Returning to Xiqi”, “Liu Xi Chastising His Sons” and
Cantonese opera in classic singing style “A Blood Oath Sworn in Grotto”
All performances will be staged at Theatre, Ko Shan Theatre. Tickets priced at $150, $220, $280 and $340 are now available at URBTIX (www.urbtix.hk).
For telephone credit card bookings, please call 2111 5999. For programme enquiries and concessionary schemes, please call 2268 7325 or visit (www.cof.gov.hk).
A Meet-the-Artists session on “Xinqin opera and Cantonese opera with Analogous Repertories” featuring Law Ka-ying and Lu Weiping will be held at 7.30pm on August 2 (Thursday) at AC2, Level 4, Administration Building, Hong Kong Cultural Centre. Admission is free. Limited seats will be available on a first-come, first-served basis. read more
The effective exchange rate index for the Hong Kong dollar on Monday, June 25, 2018 is 101.4 (up 0.3 against last Saturday’s index).
The effective exchange rate index for the Hong Kong dollar on Saturday, June 23, 2018 is 101.1 (up 0.1 against last Friday’s index). read more