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Author Archives: hksar gov

Exchange Fund Bills tender results

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

     Exchange Fund Bills tender results:
 

Tender date : December 14, 2021
Paper on offer : EF Bills
Issue number : Q2150
Issue date : December 15, 2021
Maturity date : March 16, 2022
Amount applied : HK$120,306 MN
Amount allotted : HK$54,384 MN
Average yield accepted : 0.16 PCT
Highest yield accepted : 0.18 PCT
Pro rata ratio* : About 89 PCT
Average tender yield : 0.20 PCT
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Tender date : December 14, 2021
Paper on offer : EF Bills
Issue number : H2179
Issue date : December 15, 2021
Maturity date : June 15, 2022
Amount applied : HK$26,675 MN
Amount allotted : HK$10,000 MN
Average yield accepted : 0.18 PCT
Highest yield accepted : 0.19 PCT
Pro rata ratio* : About 29 PCT
Average tender yield : 0.21 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 December 20, 2021:
 
Tender date : December 21, 2021
Paper on offer : EF Bills
Issue number : Q2151
Issue date : December 22, 2021
Maturity date : March 23, 2022
Tenor : 91 Days
Amount on offer : HK$54,263 MN
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Tender date : December 21, 2021
Paper on offer : EF Bills
Issue number : H2180
Issue date : December 22, 2021
Maturity date : June 22, 2022
Tenor : 182 Days
Amount on offer : HK$9,000 MN
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Tender date : December 21, 2021
Paper on offer : EF Bills
Issue number : Y2198
Issue date : December 22, 2021
Maturity date : December 21, 2022
Tenor : 364 Days
Amount on offer : HK$2,100 MN
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Fraudulent website related to China CITIC Bank International 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 China CITIC Bank International Limited relating to a fraudulent website, which has been reported to the HKMA. A hyperlink to the press release is available on the HKMA website.

     The HKMA wishes to remind the public that banks will not send SMS or e-mails with embedded hyperlinks which direct them to the banks’ websites to carry out transactions. They will not ask customers for sensitive personal information, such as login passwords or one-time password, by phone, email or SMS (including via embedded hyperlinks).

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

Transcript of remarks by CE at media session before ExCo (with video)

     Following is the transcript of remarks by the Chief Executive, Mrs Carrie Lam, at a media session before the Executive Council meeting today (December 14):

Reporter: With the first Mainland Omicron case reported, is it still prudent to keep the border voting arrangement for tens of thousands of people going to the border to vote? Will it be too much of an infection risk? And the second question, about the Nanjing Massacre video footage, are there any official detailed guidelines on what to show and what not to show to young students? And the last question, why is the Government providing free transport on election day when polling stations are mostly close to voters’ home? Thank you.

Chief Executive: Of the three questions, let me address them one by one. The emergence of this new variant, Omicron, is inevitably causing a great deal of concern globally, as you have seen. The total number of cases has surged again to over 700,000 every day, particularly in the European region. Every government is now on the alert to prevent Omicron from spreading into their community. In the case of Hong Kong, we are particularly alert because we have basically attained “zero infection” in the local situation and we are right at the moment preparing to resume some normal travel into the Mainland, which is the No. 1 priority of many people in society. We have to adopt very stringent measures to prevent Omicron from spreading into the community. So far, I will say that we are successful. All the seven confirmed cases of Omicron were detected during the “test-and-hold” arrangement at the Hong Kong International Airport or during the mandatory quarantine period. At this moment, I do not see any change to what we are doing in terms of resumption of normal travel into the Mainland as a result of Omicron. But because this variant and the whole situation could be changing very rapidly, I could provide no absolute guarantee. It is gratifying for me to say that negotiations or discussions between the two sides, that is between the Hong Kong SAR Government and the Mainland authorities are still going on. Today, the Chief Secretary for Administration is leading a Hong Kong Government delegation to meet with Guangdong officials and other relevant officials in Shenzhen to take forward the preparatory work.
 
     About the teaching of the very tragic event of Nanjing Massacre in schools, I have to emphasise that learning Chinese history is absolutely important for school education. That’s why in this term of Government from the 2018 school year, we have made Chinese history a separate subject, which is compulsory for the junior secondary students. While learning history is of paramount importance, how to learn is something that we would defer to the education sector, because we have very well-trained teachers, well-run schools with their own committee and so on. It is not for the education officials to dictate or, as you have put it, to provide very detailed guidelines on what to show, when to show, and so on. The Education Bureau has a duty to remind schools that since Chinese history is a subject to be learned, what teaching materials are available in the public domain, and that video which has caused some anxiety is something available in the public domain so they have included it in their teaching materials checklist. I believe the Education Bureau has not mandated that all teaching on the Nanjing Massacre has to show that video. It is a matter of professional judgement by the teachers.
 
     About the provision of free transport on voting day, that is on December 19, this Sunday, this Legislative Council General Election is important in many respects. It is important because some 4.5 million voters will have a chance to select their preferred candidate to represent themselves in the new Legislative Council (LegCo). This is a question of exercising civic responsibility. It is also important because it is the first Legislative Council General Election after the improvements to Hong Kong’s electoral system, and those improvements are crucial to bring Hong Kong back to the right track of “One Country, Two Systems”, and to ensure that we are in a situation of “patriots administering Hong Kong” and to help LegCo to return to normalcy.  That is, they will act in a pragmatic and rational manner, discharging their constitutional duties to monitor the work of the Government, but at the same time also help Hong Kong to move forward. With all due significance, I’m pleased to say that many non-government entities, including the business sector, are also helping us to promote the election, to appeal to voters to come out to cast their votes which is something that I think is a very positive sign. For the franchise transport companies, including the Mass Transit Railway, the buses and the tram, I believe they also have this corporate responsibility to do something. Upon discussion between the Transport and Housing Bureau and these companies, they agree to provide free transport on that day. It is not a direct or a correlated act, that because we want people to vote, that’s why we provide free transport. It is because as you have rightly observed, many of the 600-plus polling stations are designed to be very close to the voters. They may not need to take a bus or Mass Transit Railway to go to vote. This is more a gesture of collective responsibility to remind people that December 19 is a crucial day. We welcome you to come out, you can take the bus, you can go elsewhere but also go to a polling station to cast your vote. Thank you.

(Please also refer to the Chinese portion of the transcript.) read more

SED commends Hong Kong team’s outstanding achievements in International Olympiad of Metropolises (with photo)

     A team of eight secondary school students from Hong Kong achieved stellar results in the 6th International Olympiad of Metropolises (IOM). In addition to winning a silver medal in the team competition, the Hong Kong team has brought home seven individual medals comprising four gold medals, two silver medals and one bronze medal, making for the best ever results in this tournament.

     The IOM is an international competition covering four disciplines: informatics, mathematics, physics and chemistry. The competition this year was held from December 6 to 13. Due to the COVID-19 pandemic, contesting teams participated in their home cities under online monitoring. Around 260 contestants from 33 cities took part in the competition.

     In the physics competition, Cheng Yat-long (Raimondi College) and Lam Chung-wang (St Paul’s Co-educational College) each won a gold medal. In the informatics competition, Yeung Man-tsung (Pui Ching Middle School) and Xie Lingrui (La Salle College) won a gold medal and a silver medal respectively. In the mathematics competition, Chu Cheuk-hei (St Paul’s Co-educational College) and Timothy Yau (Ying Wa College) also won a gold medal and a silver medal respectively. In the chemistry competition, Chan Yat-long (Po Leung Kuk Centenary Li Shiu Chung Memorial College) got a bronze medal.

     The Secretary for Education, Mr Kevin Yeung, congratulated the Hong Kong team today (December 14) on their outstanding performance in the competition. “I am proud of the remarkable results of the Hong Kong team this year, which is testimony to the hard work and high ability of our students in science, technology, engineering and mathematics (STEM) education,” Mr Yeung said.
 
     “In keeping with our goal of continuously promoting STEM education, the Education Bureau (EDB) is looking to strengthen its collaboration with different stakeholders in organising quality student learning activities, including the STEM Education Fair to be held next year. The fair will provide an opportunity for students to showcase their learning achievements in STEM-related areas, and for teachers to exchange teaching strategies in implementing STEM education. The EDB also encourages schools to support the development of STEM education in schools by arranging more out-of-classroom experiential learning activities to provide more opportunities for students to apply what they have learned.”
 
     Since 2017, Hong Kong has taken part in the IOM every year and the Hong Kong team’s participation in the competition is fully funded by the EDB. As in previous years, students with the best performance in the selection for Hong Kong Olympiads of different subjects were nominated as members of the Hong Kong team. They underwent training arranged by the Hong Kong Academy for Gifted Education before taking part in the competition this year.

     Members of the public may visit the e-Gallery website of the EDB (www.edb.gov.hk/en/e-gallery) to know more about the outstanding achievements of Hong Kong students in STEM and other areas. In addition to showcasing the achievements of Hong Kong students in local, national and international competitions, the e-Gallery holds online exhibitions to display students’ attainments in whole-person development and provide opportunities for other students and teachers to appreciate and learn from one another.

Photo  
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