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Author Archives: hksar gov

Announcement by Judiciary

The following is issued on behalf of the Judiciary:

     The Judiciary announced today (May 14) that in line with the re-opening of court registries and offices in a staggered and progressive manner starting from May 6, registries and accounts offices of the Magistrates’ Courts, the Coroner’s Court and the Obscene Articles Tribunal will re-open on May 19 (Tuesday), while those of the Small Claims Tribunal and the Labour Tribunal will re-open on May 21 (Thursday).

     The opening hours of the registries and accounts offices will be from 8.45am to 1pm and from 2pm to 5.30pm (Monday to Friday, except public holidays).

     For court users of the Labour Tribunal whose appointment to meet a Tribunal Officer was affected by the closure of the registry, they need not go to the Labour Tribunal upon the re-opening of the registry. They should attend the registry on the date of the rescheduled appointment as communicated to them by post and by telephone.

     The Information Centre of the Small Claims Tribunal will re-open at normal operating hours on May 25 (Monday).

     It is anticipated that in the initial period there will be a significant number of people wishing to do filing and other business at these court registries and accounts offices. While the Judiciary may take measures to increase the capacity of the registries and accounts offices during the initial period and regulate the flow of people, parties and legal representatives are urged not to do filing and other business in the first few days of the re-opening of the registries and accounts offices, unless they are really urgent and must be done in the first few days of re-opening.

Preventive and crowd management measures
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     The Judiciary will continue to put in place appropriate preventive and crowd management measures. These measures include requiring all people entering Judiciary premises to undergo body temperature checks and wear face masks, and putting in place necessary queuing, ticketing and triage systems, designated entry and exit points, and admission control to limit the number of court users entering and remaining on Judiciary premises.
 
     To maintain social distancing, a chessboard seating arrangement will continue to be adopted in courtrooms and court lobbies with seating capacity reduced to half. Broadcasting of proceedings will be arranged on a needs basis. Capacity limits are set for areas such as court registries and accounts offices to avoid crowding.

     Parties, legal representatives and other court users who are subject to any quarantine requirement or medical surveillance should not come to the Judiciary premises. They should as soon as practicable apply to the court for permission of absence or inform the court with reasons for absence as appropriate.

     Information on detailed arrangements will be uploaded onto the Judiciary website. Court users are strongly advised to check the updated information on the Judiciary website, and follow the advice of the Judiciary staff and security personnel when they attend for court business. The co-operation of court users is necessary and is appreciated.

     For general enquiries, the following hotlines are operated from 8.45am to 1pm and from 2pm to 5.30pm (Monday to Friday, except public holidays):
 

  • General Information: 2869 0869
  • Court of Final Appeal: 2123 0123
  • High Court: 2523 2212
  • Probate: 2840 1683
  • District Court: 2845 5696
  • Family Court: 2840 1218
  • Lands Tribunal: 2771 3034
  • Labour Tribunal: 2625 0020
  • Small Claims Tribunal: 2877 4068
  • Magistrates’ Courts: 2677 8373
  • Bailiff Section: 2802 7510
  • Court Language Section: 2388 1364

     The Judiciary will continue to post updated information, including Daily Cause Lists, all arrangements in relation to Judiciary business and advice to court users, on the Judiciary website (www.judiciary.hk). Court users are advised to check the website for updated information as necessary. read more

S for IT and SFST visit Cyberport (with photos)

        The Secretary for Innovation and Technology, Mr Alfred Sit, and the Secretary for Financial Services and the Treasury, Mr Christopher Hui, visited Cyberport today (May 14) to learn more about its latest and future development, particularly in the financial technology (FinTech) area. Also joining the visit was the Permanent Secretary for Financial Services and the Treasury (Financial Services), Ms Michelle Li.
 
        Accompanied by the Chairman of the Board of Directors of the Hong Kong Cyberport Management Company Limited, Dr George Lam, Mr Sit and Mr Hui started their visit at Smart-Space FinTech. The Chief Executive Officer of Cyberport, Mr Peter Yan, gave an overview of Cyberport’s development, including the development of Cyberport as a FinTech community with some 400 FinTech companies and start-ups. Cyberport has launched the Cyberport Financial Practitioners FinTech Training Programme to promote the digital transformation of the industry, with the first batch of training programmes starting from March this year.
 
        They also visited ZhongAn Technologies International Group Limited and Roborn Technology Limited. ZhongAn joined the Cyberport community through the Easy Landing Scheme in 2018 to tap the Hong Kong market. One of its subsidiaries has been granted a virtual banking license, the other is authorised as a virtual insurer. Roborn Technology, a Cyberport incubatee specialising in robotics, developed an epidemic prevention smart robot earlier on to detect body temperatures.
 
        Mr Sit and Mr Hui then met with representatives of four start-ups to better understand the challenges and opportunities they are facing. They are Find Solution AI, which focuses on artificial intelligence; Bull.B, which is a digital solution provider; AQUMON, which provides digital financial advisory services in the area of FinTech; and OneDegree, which is a Cyberport incubatee and one of the virtual insurers licensed.
 
        Mr Sit said that Cyberport has achieved remarkable results in driving FinTech development in recent years. The four companies authorised as virtual insurers are from the Cyberport community. Two out of the eight virtual banking licencees are members of the Cyberport community. The Government has earmarked $5.5 billion for the Cyberport Expansion Project for developing emerging digital technology areas with potential, such as InsurTech, RegTech and LawTech, thereby providing more opportunities for young people to pursue a career in innovation and technology (I&T) and further promoting the overall I&T development in Hong Kong to drive economic development and improve people’s livelihood.
 
        Mr Hui said that over the years, Hong Kong has witnessed strong growth of the FinTech sector from a relatively small niche to a sizeable and vibrant community. Hong Kong’s maturing ecosystem, pioneering infrastructure, increasing receptiveness and adoption, conducive and forward-looking regulatory environment, coupled with traditional strengths in financial services, have elevated Hong Kong to one of the major FinTech hubs in Asia. Looking ahead, the Government will continue to work with all relevant sectors to promote and facilitate FinTech development using a multi-pronged approach under promotion, regulation, facilitation, talents and funding.
 
        As Hong Kong’s digital technology flagship, Cyberport is currently home to some 1 500 start-ups and technology companies. The accumulated funding raised by Cyberport start-ups has exceeded $12.6 billion. Four of its start-ups have reached unicorn status.

Photo  Photo  Photo  Photo  
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Result of tenders of People’s Bank of China RMB Bills held on May 14, 2020

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

     Result of the tenders of the People’s Bank of China RMB Bills held on May 14, 2020:
 

Tender Result

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Tender Date : May 14, 2020
     
Bills available for Tender : Three-month RMB Bills
     
Issuer : The People’s Bank of China
     
Issue Number : BCHKFP20008
     
Issue Date : May 18, 2020
     
Maturity Date : August 17, 2020 (or the closest coupon payment date)
     
Application Amount : RMB 45,780 million
     
Issue Amount : RMB 20,000 million
     
Average accepted Coupon Rate :  1.68%
     
Highest accepted Coupon Rate    
(Bills’ Coupon) :  1.77%
     
Lowest accepted Coupon Rate :  1.00%
     
Allocation Ratio : Approximately 97.92%
 
Tender Result

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Tender Date : May 14, 2020
     
Bills available for Tender : One-year RMB Bills
     
 Issuer  :  The People’s Bank of China
     
Issue Number : BCHKFP20009
     
Issue Date : May 18, 2020
     
Maturity Date : May 18, 2021 (or the closest coupon payment date)
     
Application Amount : RMB 33,926 million
     
Issue Amount : RMB 10,000 million
     
Average accepted Coupon Rate :  1.59%
     
Highest accepted Coupon Rate    
(Bills’ Coupon) :  1.78%
     
Lowest accepted Coupon Rate :  1.15%
     
Allocation Ratio : Approximately 26.93%
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