Author Archives: hksar gov

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     The Government welcomes the publication of jurisdictional profiles by the International Financial Reporting Standards Foundation (IFRS Foundation) today (June 12), which confirms Hong Kong as among the initial set of jurisdictions having set a target of fully adopting the International Financial Reporting Standards – Sustainability Disclosure Standards (ISSB Standards).  This demonstrates Hong Kong’s commitment to enhancing the transparency of information on sustainable development in capital markets, enabling investors to make investment decisions and promoting global capital flows.
 
     The Secretary for Financial Services and the Treasury, Mr Christopher Hui, said, “The IFRS Foundation’s confirmation of Hong Kong as among the initial set of jurisdictions having set a target of fully adopting the ISSB Standards affirms Hong Kong’s efforts and determination in supporting and promoting a common international language in sustainability disclosures. It also demonstrates Hong Kong’s strengths in the field of sustainable finance, helping to consolidate Hong Kong’s position as an international sustainable finance hub. As a leading international financial centre, Hong Kong will continue to be at the forefront in aligning with international standards and promoting market best practices.”
 
     The Hong Kong Institute of Certified Public Accountants published in December last year the Hong Kong Sustainability Disclosure Standards (Hong Kong Standards) that are fully aligned with the ISSB Standards, with an effective date of August 1, 2025. The Financial Services and the Treasury Bureau (FSTB) also launched in the same month last year the Roadmap on Sustainability Disclosure in Hong Kong (Roadmap), which sets out Hong Kong’s approach to require publicly accountable entities (PAEs) to adopt the ISSB Standards, and provides a well-defined pathway for large PAEs to fully adopt the ISSB Standards no later than 2028. The FSTB will continue to collaborate with financial regulators and stakeholders to promote the development of a comprehensive sustainability disclosure ecosystem in Hong Kong through a holistic approach and support the implementation of the Hong Kong Standards. The full text of the Roadmap can be viewed at the FSTB website (www.fstb.gov.hk/fsb/en/publication/report/docs/FSTB_Roadmap2024_eBooklet_EN.pdf). read more

     The Film Programmes Office of the Leisure and Cultural Services Department will present the “Summer of Light: Cinematic Adventure” at Sai Wan Ho Civic Centre (SWHCC) from 11am to 6pm on July 12 and 13. Various free activities and ticketed workshops will be available for children to explore the cinematic world. The event is one of the highlights of the Summer Family Cine Fest and part of the celebration programmes for the reopening of SWHCC.
 
     During the event, SWHCC will be transformed into a fun and interactive place decorated for families. Children can create their own artwork at the “Draw and Glow: Creative Light Exploration” zone by projecting their drawings on transparent films onto a screen and seeing them come to life.
 
     In addition, a collection of captivating children’s short films from different eras will be screened in the “Film Zone with Selected Short Films”, including two short film series, “A Splash of Colour” and “Still Image & Movement”, curated by Taartrovers, a film education organisation for young children in the Netherlands. These series explore the diverse effects of colour on film and feature one of the earliest cinematic works, “L’Arrivée d’un train en gare de La Ciotat” (1895). The short films will be screened in a loop, allowing families to enjoy a relaxed and immersive movie-watching experience at any time.
 
     The event also features three ticketed parent-child workshops. In the “Where Is Ding-Ding? The Story Begins!” workshop, illustrator Jess Lau and a storyteller will lead participants into the world of Lau’s original picture book “Where is Tram Ding-Ding?”, using images and light designs to embark on a magical journey. In the “The New World of Little Tram Ding-Ding – Stop Motion Animation Workshop”, Lau will lead participants to create their own story spaces through collage and painting, shoot a simple stop-motion animation, and unleash their creativity. Combining sensory experience and film language, the “Tiny Bodies, Earth Memories – First Cinematic Experience for Toddler” workshop will be hosted by film director Tsang Tsui-shan, who will transform light and shadows into an interactive playground for toddlers and parents to explore together.
 
     Each child participating in the workshops is required to be accompanied by a parent or an adult. “Where is Ding-Ding? The Story Begins!” and “Tiny Bodies, Earth Memories – First Cinematic Experience for Toddler” are priced at $90 for parents and adults and $60 for children. “The New World of Little Tram Ding-Ding – Stop Motion Animation Workshop” is priced at $180 for parents and adults and $120 for children. Tickets are now available at URBTIX (www.urbtix.hk). For programme details, please visit the website www.lcsd.gov.hk/fp/en/listing.html?id=77.

        

     The Research Grants Council (RGC) Forum 2025 was held today (June 12) with an aim of fostering mutual understanding and exchanges between the RGC and local scholars. It was officiated by the Acting Secretary for Education, Dr Sze Chun-fai, and was well-received with participation from senior management of the eight University Grants Committee (UGC)-funded universities and more than 400 local and overseas scholars.
 
     Speaking at the opening session of the Forum, Dr Sze said that the Government attaches great importance to investing in education and developing strategies and initiatives to establish a comprehensive research and development policy framework to ensure Hong Kong remains technologically and economically equipped for future challenges. Through strengthening support for researchers and cultivating a research-centric environment, Hong Kong’s long-term competitiveness will be elevated by strong research competence, thereby upholding Hong Kong’s status as a world-class city and an international hub for higher education.
 
     “We firmly support funding research projects and activities across the eight UGC-funded universities, as well as the self-financing degree sector. With the backing of the RGC, numerous research initiatives are in progress, aiming at nurturing research capabilities, fostering a conducive research atmosphere and delving into uncharted realms of knowledge,” he added.
 
     Dr Sze highlighted that, to attract more exceptional students to study and conduct research in Hong Kong, the quota of the Hong Kong PhD Fellowship Scheme will increase to 400 places in the 2025/26 academic year. As a metropolis with a unique blend of Eastern and Western cultures, Hong Kong attracts a rich variety of top scholars with vast international experience; some 70 per cent of them come from outside Hong Kong. The high degree of internationalism not only provides a solid foundation for Hong Kong’s academic and research excellence, but also elevates Hong Kong’s status as a global centre for education.
 
     In his remarks, the Chairman of the RGC, Professor Timothy W Tong, highlighted the RGC’s commitment to promoting high-quality and impactful research, as well as the Council’s endeavours in working with the research community to advance knowledge discovery and bring benefits to Hong Kong society.
 
     “The unwavering pursuit of research excellence by the Hong Kong academia underpins the city’s position as a vibrant international hub for higher education. Notwithstanding the continuous increase in the number of research projects in recent years, it is heartening to note that the overall quality of the research proposals has remained meritorious and highly competitive, which demonstrates the steadfastness of our research community,” said Professor Tong.
 
     The Forum featured engaging presentations by the RGC Panel Chairs and their representatives, who shared observations on research funding applications in the latest round of the exercise, pointers for crafting competitive research proposals as well as the latest trends and developments in their respective research fields. The Forum concluded with an interactive question and answer session, which further enriched the discussions. read more

     The Cultural and Creative Industries Development Agency (CCIDA) of the Culture, Sports and Tourism Bureau led an industry delegation to participate in the Annecy International Animation Film Festival and Market 2025 in France and joined forces with the Hong Kong Digital Entertainment Association (HKDEA) to set up the Hong Kong Pavilion themed “AI-assisted Animation Production” and organised a series of activities, with the aim of increasing overseas exposure of Hong Kong original animation works and creative teams, enhancing their reach in market development, and enabling them to explore collaboration opportunities. 

     As the international animation film festival with a rich history and the largest scale of its kind, the Annecy International Animation Film Festival commands high respect from the global animation industry. Its film market, the Annecy International Animation Film Market, is a prominent annual business-oriented exhibition that takes place from June 10 to 13 (Annecy time). In the opening ceremony of the Hong Kong Pavilion held on June 10, the Assistant Commissioner for Cultural and Creative Industries, Mrs Lowell Cho, expressed hope that through a series of activities during this promotion, the CCIDA and the industry join hands to promote Hong Kong animation works to the animation industry professionals and audiences from all over the world, hence enabling the original animation by Hong Kong to shine bright on the international stage and to strive for opportunities to strengthen ties with global industry counterparts. She also warmly congratulated the film “Another World”, funded by the Film Development Fund (FDF) and produced by an animation creative team from Hong Kong, for being selected for the non-competitive section of the Annecy International Animation Film Festival 2025 and that it will be screened at the “Midnight Specials” session on the evening of June 13 (Annecy time). “Another World” brings international recognition, which serves as a significant booster for the Hong Kong animation industry, showcasing the global appreciation for Hong Kong animation.

     The Hong Kong animation film “Another World” is directed by Tommy Ng, and produced and scripted by Polly Yeung. The production team attended the Annecy International Animation Film Festival in person to engage with audiences and industry counterparts. In 2019, the team participated in the sixth Animation Support Program, a project funded by the CCIDA through the CreateSmart Initiative (CSI), and was granted a subsidy to initiate the production of the short version of “Another World”, which won the Gold Award under the Small Animation Enterprises (Advanced Production) category. Subsequently, the team, with its proposal to develop “Another World” into a feature-length animation film, successfully applied for the Film Production Financing Scheme under the FDF and was granted the subsidy to bring the debut animation feature film directed by Ng into fruition, paving the way for the film’s global premiere at the Annecy International Animation Film Festival. Yeung was also invited by the Hong Kong Film Development Council to participate in the 81st Venice International Film Festival in Italy and the 78th Cannes Film Festival in France to seek production investment, attend various producer matching activities, and exchange ideas with filmmakers from all over the world, increasing publicity for “Another World” and opening doors for overseas distribution of the film project.

     During the exhibition period, a series of networking and exchange activities were launched at the Hong Kong Pavilion, and six short original animated works created with AI assistance were also showcased, demonstrating to the international market the creativity and unique charisma of Hong Kong productions. The Hong Kong Partner Pitches was held on June 11, where the six Hong Kong companies selected under the 2nd Future Animation – AI-assisted Animation Production Support Scheme organised by the HKDEA and sponsored by the CCIDA, namely 924 Studio Limited, Astro Heart Limited, Free-D Workshop, ManyMany Creations Ltd, Morph Workshop and Stepc, conducted exchanges with elite animation companies from all over the world. They took the opportunity to broaden their horizons, enhance their promotion to overseas practitioners and investors, and pursue more collaboration possibilities. 

     The Animation Support Program, a government-funded project under the CSI, is now in its 12th edition. It focuses on supporting local start-ups and small animation companies and cultivating local animation talent. Over the years, it has assisted more than 250 local animation companies and enabled them to produce more than 270 original animation works. As a scheme under the FDF with the longest history and well-received by the film industry, the Film Production Financing Scheme aims to provide government financing for film productions with small-to-medium production budgets. As of the end of May 2025, approved films have received more than 150 local and international film awards.