Tag Archives: China

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Toll levels of Hong Kong-Zhuhai-Macao Bridge Main Bridge announced

     The Hong Kong-Zhuhai-Macao Bridge Authority (HZMBA) announced yesterday (August 23) that with the approval and consent of the People’s Government of Guangdong Province, the toll levels of the HZMB Main Bridge (per vehicle per trip) have been confirmed as follows:
 
Light passenger vehicles (private cars, hire cars): RMB150
Heavy passenger vehicles (cross-boundary coaches): RMB200
Shuttle buses: RMB300
Container trucks: RMB115
Goods vehicles: RMB60
 
     For details, please refer to the following website with the relevant information released by the HZMBA (Chinese only): mp.weixin.qq.com/s/li28iBugb6P4MnAbPdbRPA
 
     A spokesman for the Transport Department said that the HZMB Main Bridge is located within Mainland waters and the toll plaza is also situated in the Mainland. According to the territoriality principle (i.e. handling all issues in accordance with the respective local laws) and the Inter-Governmental Agreement in Respect of the Construction, Operation, Maintenance and Management of the HZMB, the HZMBA, which is responsible for the operation of the Main Bridge, will collect tolls from vehicles using the HZMB Main Bridge in accordance with the laws of the Mainland. The toll levels have been approved according to the Mainland’s laws and procedures (including the holding of the hearing on toll levels with the participation of representatives from the three places) after the completion of relevant discussion by the three governments. read more

SHA congratulates Hong Kong gymnast Shek Wai-hung on winning gold medal in Asian Games

     The Secretary for Home Affairs, Mr Lau Kong-wah, today (August 24) extended his congratulations to Hong Kong gymnast Shek Wai-hung on winning a gold medal in the Men’s Vault event in the 18th Asian Games, being held in Jakarta and Palembang in Indonesia.

     Mr Lau said, “Shek Wai-hung has won a gold medal in the same event after his victory in the last Asian Games held in Incheon. He has kept up with his high standard and has demonstrated marvellous techniques. I hope fellow Hong Kong athletes can continue to excel and achieve further good results.”

     The Hong Kong team has so far won 18 medals, namely two gold medals, four silver medals and 12 bronze medals, at this Asian Games. The list of medals won earlier today and yesterday (August 23) as follows:

August 24

Silver medal
—————
Rowing: Men’s Lightweight Single Sculls
Chiu Hin-chun

Bronze medal
—————
Cycling: Women’s Road Individual Time Trial (20km)
Leung Wing-yee

Fencing: Women’s Team Epee
Chu Ka-mong, Kaylin Hsieh, Vivian Kong and Coco Lin

Rowing: Women’s Lightweight Single Sculls
Lee Ka-man

Rowing: Men’s Lightweight Eight
Chau Yee-ping, Cheung Ming-hang, Lam San-tung, Leung Chun-shek, Kenneth Liu, Tang Chiu-mang, James Wong, Wong Wai-kin and Yuen Yun-lam

August 23

Silver medal
————–
Swimming: Women’s 4x100m Medley Relay
Stephanie Au, Chan Kin-lok, Camille Cheng and Jamie Yeung

Bronze medal
—————
Fencing: Men’s Team Sabre
Cyrus Chang, Lam Hin-chung, Terence Lee and Low Ho-tin read more

Delivery versus Payment settlement fully implemented in Bond Connect

The following is issued on behalf of the Hong Kong Monetary Authority:
     
     Delivery versus Payment (DvP) settlement has been fully implemented in Bond Connect starting from today (August 24).  All trades under the Bond Connect have begun to be settled on a DvP basis. The Hong Kong Monetary Authority (HKMA) welcomes this development.
      
     An HKMA spokesperson said there had been strong market demand for DvP settlement since Bond Connect was launched in July 2017. Thanks to the support of the People’s Bank of China (PBoC) and the efforts of the relevant institutions in the Mainland and Hong Kong, DvP settlement has been fully implemented in Bond Connect. This increases settlement efficiency and reduces settlement risks, affording greater convenience to international investors investing through Bond Connect. The HKMA will continue to work closely with the PBoC to enhance the Bond Connect platform. read more