Exchange Fund Bills tender results

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

     Exchange Fund Bills tender results:
 

Tender date : September 20, 2022
Paper on offer : EF Bills
Issue number : Q2238
Issue date : September 21, 2022
Maturity date : December 21, 2022
Amount applied : HK$110,900 MN
Amount allotted : HK$54,909 MN
Average yield accepted : 2.63 PCT
Highest yield accepted : 2.66 PCT
Pro rata ratio* : About 80 PCT
Average tender yield : 2.70 PCT
****************************
Tender date : September 20, 2022
Paper on offer : EF Bills
Issue number : H2267
Issue date : September 21, 2022
Maturity date : March 22, 2023
Amount applied : HK$30,240 MN
Amount allotted : HK$11,600 MN
Average yield accepted : 3.32 PCT
Highest yield accepted : 3.39 PCT
Pro rata ratio* : About 43 PCT
Average tender yield : 3.49 PCT

 
*"Pro rata ratio" refers to the average percentage of allotment with respect to each tender participant's tendered amount at the "highest yield accepted" level.
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     Hong Kong Monetary Authority tenders to be held in the week beginning September 26, 2022:
 

Tender date : September 27, 2022
Paper on offer : EF Bills
Issue number : Q2239
Issue date : September 28, 2022
Maturity date : December 28, 2022
Tenor : 91 Days
Amount on offer : HK$63,126 MN
****************************
Tender date : September 27, 2022
Paper on offer : EF Bills
Issue number : H2268
Issue date : September 28, 2022
Maturity date : March 29, 2023
Tenor : 182 Days
Amount on offer : HK$15,000 MN
****************************
Tender date : September 27, 2022
Paper on offer : EF Bills
Issue number : Y2295
Issue date : September 28, 2022
Maturity date : September 27, 2023
Tenor : 364 Days
Amount on offer : HK$5,000 MN



Result of tenders of People’s Bank of China RMB Bills held on September 20, 2022

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

     Result of tenders of People's Bank of China RMB Bills held on September 20, 2022:
 

Tender Result
*******************************************************************
Tender Date : September 20, 2022
Bills available for Tender : Six-month RMB Bills
Issuer : The People's Bank of China
Issue Number : BCHKFP22040
Issue Date : September 22, 2022
Maturity Date : March 23, 2023 (or the closest coupon payment date)
Application Amount : RMB 22,810.5 million
Issue Amount : RMB 5,000 million
Average accepted Coupon Rate : 2.11%
Highest accepted Coupon Rate
(Bills' Coupon)
: 2.20%
Lowest accepted Coupon Rate : 1.90%
Allocation Ratio : Approximately 32.96%



Lifesaving services suspended at Cafeteria New Beach

Attention TV/radio announcers:

Please broadcast the following as soon as possible and repeat it at regular intervals:

     The Leisure and Cultural Services Department announced today (September 20) that due to an insufficient number of lifeguards on duty, the lifesaving services at Cafeteria New Beach in Tuen Mun District are suspended.

     First aid service will be maintained at the beach.




Effective Exchange Rate Index

     The effective exchange rate index for the Hong Kong dollar on Tuesday, September 20, 2022 is 104 (down 0.1 against yesterday's index).




Study Subsidy Scheme for Designated Professions/Sectors for 2023/24 cohort announced

     The Government announced today (September 20) that the Study Subsidy Scheme for Designated Professions/Sectors (SSSDP) will subsidise a total of 3 265 places in 47 undergraduate programmes of eight post-secondary institutions for the cohort to be admitted in the 2023/24 academic year. 
 
     These 47 designated programmes fall under 10 disciplines that have been identified as having keen manpower demand, namely architecture and engineering, computer science, creative industries, financial technology, healthcare, insurance, logistics, sports and recreation, testing and certification, and tourism and hospitality. The programmes include the four applied degrees selected for the Pilot Project on the Development of Applied Degree Programmes. 
 
     The programmes and number of subsidised places under the SSSDP are determined by the Education Bureau (EDB) in consultation with relevant policy bureaux and departments. Details of the participating institutions, the programmes and the number of subsidised places are listed in the Annex. The EDB will continue to work together with relevant policy bureaux and departments to explore covering more suitable programmes in the SSSDP.
 
     In the 2023/24 academic year, the annual subsidy amount for laboratory-based programmes will be increased from $77,040 in the 2022/23 academic year to $78,280, while that for non-laboratory-based programmes will be increased from $44,240 to $44,950 according to the movement of the Composite Consumer Price Index.
 
     The adjusted subsidy amounts are applicable to both new and continuing eligible students. The subsidy is tenable for the normal duration of the programmes concerned. Subsidised students will pay a tuition fee with the subsidy applied. Students in need may still apply for student financial assistance from the Student Finance Office of the Working Family and Student Financial Assistance Agency in respect of the actual amount of tuition fee payable.
 
     Allocation of the subsidised first-year intake places will mainly go through the Joint University Programmes Admissions System to ensure that eligible students are selected on a merit basis.
 
     The SSSDP was launched in the 2015/16 academic year to subsidise students to pursue designated full-time locally accredited self-financing undergraduate programmes in selected disciplines. The objectives are as follows:
 
(1) To increase the supply of subsidised undergraduate places by leveraging the supply of the self-financing post-secondary education sector;
 
(2) To nurture talent in support of specific industries with keen demand for human resources;
 
(3) To encourage the self-financing post-secondary education sector to offer programmes in selected disciplines that meet Hong Kong's social and economic needs by providing targeted financial support; and
 
(4) To support the healthy and sustainable development of the self-financing post-secondary education sector to complement the University Grants Committee-funded sector in broadening and diversifying study opportunities.
 
     The scope of the SSSDP was expanded with effect from the 2019/20 academic year to benefit students enrolling in designated sub-degree programmes. The relevant details for the 2023/24 cohort, including the participating institutions, the sub-degree programmes, the number of subsidised places, the subsidy amounts and more, will be announced in due course. 
 
     Details of the SSSDP are available on the EDB website (www.cspe.edu.hk/sssdp).
 
     For information about the Pilot Project on the Development of Applied Degree Programmes, please refer to the EDB press release (www.info.gov.hk/gia/general/202106/28/P2021062800464.htm).