Author Archives: hksar gov

Hong Kong Customs organises Customs YES Youth International Engagement Tour to Macao (with photos)

     Hong Kong Customs organised the Customs YES Youth International Engagement Tour to Macao on October 11 and 12. A total of 20 Customs YES members visited Macao. Through visits to the platform for commercial and trade co-operation between China and Portuguese-speaking countries, historical and cultural heritage sites, and local customs enforcement facilities, members gained a comprehensive understanding of Macao’s unique advantages and hub functions in the country’s overall opening-up. Members also participated in the 36th World Customs Organization (WCO) Asia/Pacific (A/P) Regional Contact Points Meeting to deepen their knowledge of international customs co-operation and frontier enforcement developments.

     To strengthen interactive exchanges between the youth of Hong Kong and Macao, the delegation first participated in a Portuguese egg tart baking workshop alongside members of “Jovens Protectores do Original”, the youth programme of Macao Customs, to experience Macao’s distinctive culinary culture and to forge friendships. The delegation subsequently visited the Maritime Enforcement Department of the Macao Customs Service and toured its fleet to gain insights into Macao Customs’ enforcement work in safeguarding maritime security, conducting marine patrols, and combating smuggling.

     To enhance members’ understanding of Macao’s strategic positioning as “One Centre, One Platform and One Base”, the delegation visited the Pavilion of China-Portuguese-speaking Countries Commercial and Trade Service Platform to learn about the development of economic and trade co-operation between the country and Portuguese-speaking nations, as well as Macao’s bridging role in fostering Sino-Portuguese economic, trade, and cultural exchanges and co-operation. As this year marks the 77th anniversary of the founding of the People’s Republic of China, the delegation also visited General Ye Ting’s Former Residence to learn about the heroic deeds of the revolutionary predecessor, and modern Chinese history, thereby fostering their affection for and sense of belonging to the country. In addition, members toured cultural landmarks including the Ruins of St. Paul’s, the Mount Fortress, and Rua do Cunha, experiencing firsthand the profound cultural heritage blending Chinese and Western influences in Macao.

     Making full use of its capacity as the WCO Vice-Chair for the A/P region, Hong Kong Customs actively facilitated youth engagement on the global stage by specially arranging for the delegation to participate in the 36th WCO A/P Regional Contact Points Meeting held in Macao. During the welcoming reception of the meeting, Customs YES members assisted in receiving foreign guests and, for the first time, worked with a Macao youth representative to serve as masters of ceremonies. The youths from both sides demonstrated confidence and dedication in front of customs delegates across the Asia-Pacific region, telling the good stories of contemporary China and Hong Kong on the international stage.
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     Customs YES will continue to organise diversified Mainland and international exchange activities in alignment with the National 15th Five-Year Plan and the relevant policy directions set out in Hong Kong’s First Five-Year Plan. These initiatives aim to help young people broaden their global horizons, enhance their understanding of the development positioning of both the country and Hong Kong, and encourage them to proactively equip themselves, leverage their strengths, and actively integrate into and serve the overall development of the nation.

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Incoming passenger convicted and jailed for importing duty-not-paid cigarettes (with photo)

     An incoming male passenger was sentenced to nine months’ imprisonment and fined $2,000 by the West Kowloon Magistrates’ Courts today (October 15) for importing duty-not-paid cigarettes and failing to declare them to Customs officers, in contravention of the Dutiable Commodities Ordinance (DCO).

     Customs officers intercepted an incoming 30-year-old Mainland male passenger arriving in Hong Kong from Phnom Penh, Cambodia, at Hong Kong International Airport yesterday (October 14) and seized about 82 400 duty-not-paid cigarettes, with an estimated market value of about $371,000 and a duty potential of about $273,000, from his personal baggage. The passenger was subsequently arrested.

     Customs welcomes the sentence. The custodial sentence has imposed a considerable deterrent effect and reflects the seriousness of the offences.

     Customs reminds members of the public that under the DCO, cigarettes are dutiable goods to which the DCO applies. Any person who imports, deals with, possesses, sells or buys duty-not-paid cigarettes commits an offence. The maximum penalty upon conviction is a fine of $2 million and imprisonment for seven years.

     Members of the public may report any suspected illicit cigarette activities to Customs’ 24-hour hotline 182 8080 or its dedicated crime-reporting email account (crimereport@customs.gov.hk) or online form (eform.cefs.gov.hk/form/ced002).

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Tender of 2-year RMB HKSAR Institutional Government Bonds through re-opening to be held on October 22

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

     ​The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced today (October 15) that a tender of 2-year RMB institutional Government Bonds (Bonds) through the re-opening of existing 3-year Government Bond issue 03GB2807001 under the Infrastructure Bond Programme will be held on October 22, 2026 (Thursday), for settlement on October 26, 2026 (Monday).
      
     An additional amount of RMB0.75 billion of the outstanding 3-year Bonds (issue no. 03GB2807001) will be on offer. The Bonds will mature on July 28, 2028 and will carry interest at the rate of 1.59 per cent per annum payable semi-annually in arrear. The Indicative Pricings of the Bonds on October 15, 2026 are 100.27 with a semi-annualised yield of 1.435 per cent.
      
     Tender is open only to Primary Dealers appointed under the Infrastructure Bond Programme. Anyone wishing to apply for the Bonds on offer can do so through any of the Primary Dealers on the latest published list, which can be obtained from the Hong Kong Government Bonds website at www.hkgb.gov.hk. Each tender must be for an amount of RMB50,000 or integral multiples thereof.
      
     Tender results will be published on the HKMA’s website, the Hong Kong Government Bonds website, Bloomberg (GBHK <GO>) and Refinitiv (IBPGSBPINDEX). The publication time is expected to be no later than 3pm on the tender day.
      
HKSAR Institutional Government Bonds Tender Information

     Tender information of 2-year RMB HKSAR Institutional Government Bonds:
 

Issue Number : 03GB2807001
Stock Code : 85039 (HKGB1.59 2807-R)
Tender Date and Time : October 22, 2026 (Thursday)
9.30am to 10.30am
Issue and Settlement Date : October 26, 2026 (Monday)
Amount on Offer : RMB0.75 billion
Maturity : 2 years
Remaining Maturity : Approximately 1.76 years
Maturity Date : July 28, 2028 (Friday)
Interest Rate : 1.59 per cent p.a. payable semi-annually in arrear
Interest Payment Dates : January 28 and July 28 in each year, commencing on the Issue Date up to and including the Maturity Date, subject to adjustment in accordance with the terms of the Institutional Issuances Information Memorandum of the Infrastructure Bond Programme and Government Sustainable Bond Programme (Information Memorandum) published on the Hong Kong Government Bonds website.
Method of Tender : Competitive tender
Tender Amount : Each competitive tender must be for an amount of RMB50,000 or integral multiples thereof. Any tender applications for the Bonds must be submitted through a Primary Dealer on the latest published list.
The accrued interest to be paid by successful bidders on the issue date (October 26, 2026) for the tender amount is RMB196.03 per minimum denomination of RMB50,000.
(The accrued interest to be paid for tender amount exceeding RMB50,000 may not be exactly equal to the figures calculated from the accrued interest per minimum denomination of RMB50,000 due to rounding).
Other Details : Please see the Information Memorandum available on the Hong Kong Government Bonds website or approach Primary Dealers.
     
Expected commencement date of dealing on
the Stock Exchange
of Hong Kong Limited
: The tender amount is fully fungible with the existing 03GB2807001 (Stock code: 85039) listed on the Stock Exchange of Hong Kong.
Use of Proceeds : The Bonds will be issued under the institutional part of the Infrastructure Bond Programme. Proceeds will be invested in infrastructure projects in accordance with the Infrastructure Bond Framework published on the Hong Kong Government Bonds website.
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