​Hong Kong Customs yesterday (December 16) intercepted at Man Kam To Control Point an incoming container truck declared as carrying alcohol-based sanitiser and found on board the truck about 26 000 bottles of ethyl alcohol with an… read more
The following is issued on behalf of the Hong Kong Monetary Authority:
The Hong Kong Monetary Authority (HKMA) announced today (December 17) the extension of the temporary US Dollar Liquidity Facility to September 30, 2021.
On March 31, 2020, the United States Federal Reserve (Federal Reserve) announced the establishment of a temporary repurchase agreement facility for foreign and international monetary authorities (FIMA Repo Facility) to help alleviate tightness in the global US dollar interbank money markets amid volatilities and uncertainties in the global financial markets brought about by COVID-19. In April, the HKMA launched the temporary US Dollar Liquidity Facility using the funds obtained through the FIMA Repo Facility, in order to provide licensed banks with an additional channel to obtain US dollar liquidity. Considering the Federal Reserve’s decision last night to further extend the Facility to September 30, 2021, the HKMA has decided to extend the temporary US Dollar Liquidity Facility accordingly. While the US dollar funding market in Hong Kong is working smoothly, the Facility will continue to provide a useful backstop.
The operational parameters of the temporary US Dollar Liquidity Facility will remain unchanged. A total of US$10 billion is currently available to banks under the Facility in the form of repurchase transactions for a term of seven days through competitive tenders held by the HKMA every week. read more
A woman who went missing in Tsuen Wan has been located. Yuen Pui-ue, aged 25, went missing after she left her residence on Lung Tang Road on December 13 afternoon. Her family made a report … read more
The following is issued on behalf of the Legislative Council Secretariat:
​The Legislative Council (LegCo) Panel on Transport conducted a visit to the Tuen Mun-Chek Lap Kok Link (TM-CLKL) Northern Connection (Northern Connection) today (December 17) to better understand the latest development of the project before its commissioning on December 27 this year.
Members first received a briefing by the Project Manager/Major Works (Special Duties) of the Highways Department, Mr Chris Wong, on the project of the Northern Connection and the arrangements for its commissioning. Members then visited the South Portal and the lowest point of the Tuen Mun-Chek Lap Kok Tunnel to learn more about the innovative engineering solutions and the key features of the tunnel. One of the key features is the service gallery under the tunnel’s carriageway where drainage pipes, fire mains, power supplies and control systems are installed, so that part of the daily maintenance works can be carried out at the same time during tunnel operation.
The TM-CLKL is the route between the Northwest New Territories and Hong Kong-Zhuhai-Macao Bridge (HZMB), the Hong Kong International Airport and North Lantau and it comprises the Northern Connection and Southern Connection. The Northern Connection is 5.5 kilometres long, of which about five km is the Tuen Mun-Chek Lap Kok Tunnel, a subsea road tunnel. The Southern Connection connects the HZMB Hong Kong Port and North Lantau on viaducts, was opened to traffic in October 2018.
Members participating in the visit included the Panel Chairman, Mr Frankie Yick; Panel members Mrs Regina Ip, Mr Michael Tien, Mr Yiu Si-wing, Mr Poon Siu-ping, Dr Lo Wai-kwok, Mr Kenneth Lau and Mr Tony Tse; as well as non-Panel members Mr Jeffrey Lam, Mr Wong Ting-kwong, Ms Alice Mak and Mr Chan Chun-ying.
A man who went missing in Sham Shui Po has been located. Lin Yuguang, aged 63, went missing after he left his residence in Tai Hang Tung Estate on November 17 morning. His family made a rep… read more