Exchange Fund Bills tender results

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

     Exchange Fund Bills tender results:​
 

Tender date : July 14, 2020
Paper on offer : EF Bills
Issue number : Q2029
Issue date : July 15, 2020
Maturity date : October 14, 2020
Amount applied : HK$168,740 MN
Amount allotted : HK$61,315 MN
Average yield accepted : 0.12 PCT
Highest yield accepted : 0.13 PCT
Pro rata ratio : About 3 PCT
Average tender yield : 0.15 PCT
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Tender date : July 14, 2020
Paper on offer : EF Bills
Issue number : H2058
Issue date : July 15, 2020
Maturity date : January 13, 2021
Amount applied : HK$47,980 MN
Amount allotted : HK$18,000 MN
Average yield accepted : 0.16 PCT
Highest yield accepted : 0.16 PCT
Pro rata ratio : About 70 PCT
Average tender yield : 0.19 PCT

 
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     Hong Kong Monetary Authority tenders to be held in the week beginning July 20, 2020 :
 

Tender date : July 21, 2020
Paper on offer : EF Bills
Issue number : Q2030
Issue date : July 22, 2020
Maturity date : October 21, 2020
Tenor : 91 Days
Amount on offer : HK$55,530 MN
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Tender date : July 21, 2020
Paper on offer : EF Bills
Issue number : H2059
Issue date : July 22, 2020
Maturity date : January 20, 2021
Tenor : 182 Days
Amount on offer : HK$17,000 MN

 




Jordan Valley Swimming Pool to reopen

Attention TV/radio announcers:

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

     Here is an item of interest to swimmers.

     The Leisure and Cultural Services Department announced today (July 14) that Jordan Valley Swimming Pool in Kwun Tong District, closed earlier on due to a water pipe burst in the vicinity, will be reopened at 7pm tonight.




LegCo House Committee special meeting

The following is issued on behalf of the Legislative Council Secretariat:
 
     The Legislative Council (LegCo) House Committee will hold a special meeting at 9.45am tomorrow (July 15) in Conference Room 1 of the LegCo Complex to meet with the Chief ‍Secretary for Administration and relevant officials on the implementation of Hong Kong's "Health Code" system and measures to assist enterprises and the public affected by the epidemic. 




Employment Support Scheme publishes fourth batch of employers receiving wage subsidies and disburses fifth batch of wage subsidies

     The Employment Support Scheme (ESS) Secretariat published on the ESS website (www.ess.gov.hk) today (July 14) the name list of the fourth batch of employers who have received wage subsidies, the amount of subsidies received and their committed headcount of paid employees.

     "The name list of the fourth batch of employers published today covers about 11 000 employers. These employers have received wage subsidies totalling about $6.27 billion (for June to August 2020), and committed to maintain a total paid headcount of about 270 000. Together with the published name list of the first three batches of employers, the Secretariat published from June 22 up to today the name list of four batches of about 100 000 employers who received wage subsidies and the relevant information," a Government spokesman said.
 
     Furthermore, the Secretariat has today commenced the disbursement of wage subsidies to the fifth batch of some 9 000 successful employer applicants, with subsidies totalling about $4.1 billion and a total committed headcount of paid employees of about 190 000. In other words, five batches of about 110 000 employers have already received wage subsidies, covering about 1.3 million employees, totalling about $29.5 billion.
 
     The Secretariat is processing the final approval of the sixth batch of wage subsidies. Relevant information will be published upon completion of the process. 
 
     The spokesman said, "Appropriate monitoring and auditing mechanisms have been put in place under the ESS. During and after the vetting of applications, the Secretariat and/or its processing agent will vet and conduct sample verification of the information submitted by the employers, and conduct on-site checking at those employers' organisations. Some 180 employers' organisations have been checked so far and the work continues.
 
     "Should an employer be found to have abused or violated the conditions of the ESS, the employees concerned or members of the public are encouraged to report it to the ESS Secretariat. The Secretariat and the processing agent will earnestly follow up on all reports and complaints, including conducting on-site checking, reviewing the eligibility of the concerned employers and the amount of subsidies they received, as well as their record of MPF contributions submitted. The Policy Innovation and Co-ordination Office has set up a review panel to monitor the progress of cases being handled, as well as to handle and keep in view any special cases."
 
     Since the Secretariat published on June 22 the name list of employers who have received wage subsidies, a total of 115 reports have been received as at July 13. The cases mainly involved unreasonable staff reductions and/or dismissal of employees, late payment of wages or pay cuts, suspected company closures or change of operators. The Secretariat and the processing agent are proactively following up the cases and will inform the informants of the result after completing the investigation.
 
     If an employer is found, after investigation, to have made a false statement, misinterpreted or concealed the facts, or furnished false or misleading documents or information in an attempt to deceive the Government, the Secretariat and/or the processing agents to obtain any subsidies under the ESS, the employer will be prosecuted. If necessary, the Secretariat will pass the case to relevant enforcement departments for follow-up actions. Should there be complaints relating to provisions under the Employment Ordinance or labour disputes arising from conditions of employment, the Secretariat will refer the cases to the Labour Department. The Secretariat has referred 17 reports or complaints to the Labour Department and one case to the Customs and Excise Department.
 
     The Secretariat will also commence the disbursement of the $7,500 one-off lump sum subsidy to the fifth batch of about 2 000 Self-employed Persons (SEPs) today. The total subsidy involved is about $15 million. Five batches of about 86 000 SEPs have already received the one-off lump sum subsidy.




Closure of AMO venues

     The Antiquities and Monuments Office (AMO) announced today (July 14) that, in view of the latest situation of COVID-19, its 10 venues will be temporarily closed starting from tomorrow (July 15) until further notice.
 
     The 10 venues are Hong Kong Heritage Discovery Centre, Ping Shan Tang Clan Gallery cum Heritage Trail Visitors Centre, Tai Fu Tai in San Tin, Old House of Wong Uk Village in Sha Tin, No. 10 San Wai in Wong Chuk Hang, the Fortified Structure at Ha Pak Nai, Fong Yuen Study Hall on Ma Wan, the Wun Yiu Exhibition at the Sheung Wun Yiu Village, the Information Centres of Tung Chung Fort on Lantau Island and Tung Lung Fort on Tung Lung Chau in Sai Kung.
 
     All educational activities and docent services will be suspended during the closure period.
 
     The AMO will continue to monitor the situation closely and review the arrangements in a timely manner. For enquiries, please call 2208 4400.