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Author Archives: hksar gov

Importer convicted again of illegally importing electronic waste (with photos)

     An importer, namely E8 Electronics Company Limited, was convicted and fined $60,000 at Eastern Magistrates’ Courts today (July 27) for contravening the Waste Disposal Ordinance (WDO) as a result of illegally importing hazardous electronic waste from the United Kingdom again. The company committed the same offence in November last year.
 
     A spokesman for the Environmental Protection Department (EPD) said that, in recent years, the department has been reinforcing its exchanges of intelligence and collaboration with the Customs and Excise Department and nearby countries and regions, as well as updating intelligence in a timely manner and conducting in-depth analyses of it. As a result, with targeted inspections of suspected shipments of imported and exported waste based on a risk-assessment approach, the effectiveness of enforcement has been enhanced.
 
     In January this year, enforcement officers of the EPD once again conducted a targeted inspection of an air cargo shipment imported by the aforementioned importer through Hong Kong International Airport. They successfully intercepted a batch of illegally imported hazardous electronic waste, including around 2 400 waste mobile phone displays and around 170 kilograms of waste batteries, while the air cargo was claimed to contain telecommunication equipment. The EPD immediately returned all the intercepted waste to the place of origin and notified the local enforcement authorities concerned about the return shipment for their follow-up. The EPD also instituted prosecution against the importer involved under the WDO.
 
     The spokesman stressed that waste mobile phone displays and waste batteries are hazardous electronic waste containing various heavy metals and other toxic chemical substances. They are regulated under the WDO. Improper disposal of such waste will cause harm to the environment and public health. The EPD will continue to rigorously combat the illegal import and export of hazardous waste, bring offenders to justice and prevent Hong Kong from becoming a distribution hub for illegally imported and exported waste.
 
     The spokesman reminded importers and exporters of the waste recycling trade not to illegally import (including import into or transshipment through Hong Kong) or export hazardous waste. According to the WDO, it is an offence for anyone to import or export hazardous waste without obtaining a valid permit beforehand. First-time offenders are liable to a maximum fine of $200,000 and six months’ imprisonment. For subsequent offences, offenders are liable to a fine of $500,000 and two years’ imprisonment.

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US Dollar Liquidity Facility tender notice

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

     US Dollar Liquidity Facility tender notice:
 

Tender date : July 29 (Wednesday)
Tender submission time : 9am to noon
Settlement date : July 30 (Thursday)
Repayment date : August 6 (Thursday)
Tenor : Seven days
Amount on offer : US$10,000 Million
 
Note: Licensed Banks interested in participating in the tender for the first time are encouraged to provide US dollar settlement instructions by email (settlementsection@hkma.gov.hk) to the HKMA’s Settlement Team in advance, preferably two days prior to the tender. Required information includes name of corresponding bank, name of final beneficiary (must be the Licensed Bank participating in the tender), and account or CHIPS number of a US dollar bank account to be settled in the US. Such information needs to be provided once only, unless there is further change. read more