Effective Exchange Rate Index

     The effective exchange rate index for the Hong Kong dollar on Tuesday, October 30, 2018 is 105.9 (same as yesterday's index).




CAD launches Regulated Air Cargo Screening Facilities Scheme

     The Civil Aviation Department (CAD) today (October 30) launched the Regulated Air Cargo Screening Facilities (RACSF) Scheme for facilitating the establishment and operation of air cargo security screening facilities at off-airport locations, and invited interested parties of the air cargo industry to enrol in the Scheme.

     To enhance the level of aviation security in view of the rising threats of terrorism around the globe, the International Civil Aviation Organization (ICAO) has issued a new policy direction whereby one way to strengthen air cargo security, apart from enhancing the Regulated Agent Regime, is to have all air cargo subject to security screening by June 30, 2021.

     "Hong Kong is in full support of and has the obligation to meet the ICAO aviation security requirements. The Government has been working closely with the air cargo industry in enhancing the air cargo security regime to meet the new international aviation security requirements," a CAD spokesman said.

     Security screening of air cargo in Hong Kong now primarily takes place at the cargo terminals of the airport. To meet the new ICAO requirement and in view of Hong Kong's high volume of cargo throughput, Hong Kong's air cargo screening capacity has to gradually increase over the next few years. It is therefore necessary to allow the security screening of air cargo at off-airport locations.

     "Following trade consultation, we have introduced the RACSF Scheme, which is a new initiative to enable and regulate air cargo screening at off-airport locations. The establishment of off-airport screening facilities will enable air cargoes to be screened at the existing warehouses or similar premises of the air cargo industry before such cargoes are transported to the airport for loading onto aircraft," the spokesman said.

     The operation of off-airport air cargo screening facilities has to meet specific security requirements in terms of screening equipment, training and supervision of screening personnel, site security and so on. There are also security requirements to observe insofar as post-screening handling and transportation are concerned.

     More information about the RACSF Scheme, including the application form, is available from CAD's website (www.cad.gov.hk/english/icao2021.html). Interested parties can now submit applications to the Aviation Security Section of the Airport Standards Division of the CAD by one of the following methods:

– by mail to: Level 5, Office Building, Civil Aviation Department Headquarters, 1 Tung Fai Road, Hong Kong International Airport, Lantau, Hong Kong
– by fax to: 2362 4257
– by e-mail to racsf@cad.gov.hk

     The deadline for submitting applications for the initial stage is December 31, 2018.

     "Parties interested in operating off-airport air cargo screening facilities are encouraged to submit applications by the deadline of the initial stage. This is to enable the parties to secure early acceptance by the CAD," the spokesman said.




Fraudulent website related to OCBC Wing Hang Bank Limited

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

     The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by OCBC Wing Hang Bank Limited on fraudulent website, which has been reported to the HKMA. Hyperlink to the press release is available on the HKMA website for ease of reference by members of the public.

     Anyone who has provided his or her personal information to the website concerned or has conducted any financial transactions through the website should contact the bank concerned using the contact information provided in the press release, and report to the Police or contact the Cyber Security and Technology Crime Bureau of the Hong Kong Police Force at 2860 5012.




Hong Kong Monetary Authority Exchange Fund Bills Tender Results

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

     Hong Kong Monetary Authority Exchange Fund Bills Tender Results:
 

Tender date : October 30, 2018
Paper on offer : EF Bills
Issue number : Q1844
Issue date : October 31, 2018
Maturity date : January 30, 2019
Amount applied : HK$114,165 MN
Amount allotted : HK$34,898 MN
Average yield accepted : 1.63 PCT
Highest yield accepted : 1.65 PCT
Pro rata ratio : About 94 PCT
Average tender yield : 1.67 PCT
****************************
Tender date : October 30, 2018
Paper on offer : EF Bills
Issue number : H1873
Issue date : October 31, 2018
Maturity date : May 2, 2019
Amount applied : HK$28,775 MN
Amount allotted : HK$11,000 MN
Average yield accepted : 1.75 PCT
Highest yield accepted : 1.78 PCT
Pro rata ratio : About 26 PCT
Average tender yield : 1.82 PCT
****************************
Tender date : October 30, 2018
Paper on offer : EF Bills
Issue number : Y1896
Issue date : October 31, 2018
Maturity date : October 30, 2019
Amount applied : HK$16,912 MN
Amount allotted : HK$5,000 MN
Average yield accepted : 1.90 PCT
Highest yield accepted : 1.93 PCT
Pro rata ratio : About 79 PCT
Average tender yield : 2.02 PCT

———————————————————
Hong Kong Monetary Authority Tenders to be held in the week beginning November 5, 2018 :
 

Tender date : November 6, 2018
Paper on offer : EF Bills
Issue number : Q1845
Issue date : November 7, 2018
Maturity date : February 8, 2019
Tenor : 93 Days
Amount on offer : HK$40,426 MN
****************************
Tender date : November 6, 2018
Paper on offer : EF Bills
Issue number : H1874
Issue date : November 7, 2018
Maturity date : May 8, 2019
Tenor : 182 Days
Amount on offer : HK$15,000 MN

 




Special traffic arrangements for race meeting in Sha Tin tomorrow

     Police advise motorists that special traffic arrangements will be implemented in Sha Tin to facilitate the race meeting tomorrow (October 31).

     The arrangements will come into effect two hours before the start of the first race and will last until the crowds have dispersed after the race meeting.

     Appropriate traffic signs will be put up and police will be on hand to guide motorists.

     The Police also appeal to people going to Sha Tin Racecourse for the race meeting and to Happy Valley Racecourse for cross betting to make maximum use of public transport.

     Parking spaces at the two racecourses are available only to holders of appropriate permits issued by Hong Kong Jockey Club and any vehicles illegally parked will be towed away.