Following are the remarks by the Financial Secretary, Mr Paul Chan, at a media session after the Signing Ceremony of the Second Agreement Concerning Amendment to the Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA) Agreement on Trade in Services today (October 9):
 
Reporter: How would you quantify the impact of this amendment on Hong Kong's economy, and how should Hong Kongers grasp this opportunity? And secondly, why is film included in this round of amendments? Can you cite examples of how the film industry can benefit from the liberalised measures? Thank you very much.
 
Financial Secretary: The further liberalisation measures under the CEPA Amendment Agreement will enable Hong Kong firms and professional sectors to go into the Mainland market a lot easier. With the reduced threshold, reduced qualification requirements, and expanded scope of liberalisation, depending on specific sectors, the progress will be different, but I am sure for the professional sectors, people are very keen to expand their foothold into the Mainland by using the Greater Bay Area as the starting point. This will create a very positive impact on Hong Kong. As to the specific examples, in the Amendment Agreement, certain industries will be directly benefitting from it, including the testing and certification sector, telecommunications, films, television, financial services and tourism. We will be communicating with the different sectors and working with the different stakeholders to move as fast as possible to work out the various implementation details, so that businesses and professionals in Hong Kong would find it more convenient to expand into the Mainland market. Thank you.
 
(Please also refer to the Chinese portion of the remarks.)

  

     The Home and Youth Affairs Bureau (HYAB), the Women's Commission and the Family Council today (October 9) hosted the Family and Women Development Summit Hong Kong for exchanging experiences with different sectors of the community in respect of promoting family and women development, with a view to assisting in formulating more focused measures to further support family and women development.

     Themed "Women's Strengths in Action, Family Values Across Generations", the inaugural Summit has gathered key officials responsible for policies on women or family from different regions, as well as successful women from various sectors, representatives of families from different backgrounds and related organisations and non-governmental organisations as guest speakers. It also attracted over 900 representatives from local and Guangdong-Hong Kong-Macao Greater Bay Area women's groups, the business sector, and relevant service organisations to register and participate. The Summit aimed at enabling them to share their experiences on women development issues of concern as well as family building and fostering family education and values.

     The Chief Secretary for Administration, Mr Chan Kwok-ki, officiated at the Summit. In his remarks, he said, "Women have been playing a crucial role in driving Hong Kong's social and economic development. Women are as competent as men. Hong Kong women have achieved outstanding accomplishments in various fields, providing pivotal support for social development."

     Mr Chan said that women not only contribute to social and economic development with their wisdom and strength, but also play a unique role in respect of family building as well as fostering family education and values. He said, "Family is the cornerstone of society. Chinese people have been attaching importance to families. The promulgation of the National 14th Five-Year Plan mentioned the need to strengthen family building, promoting the diversified development of family services. The country attaches great importance to family building. The Hong Kong Special Administrative Region Government also focuses on the healthy development of local families."

     Keynote speeches of the Summit featured the theme "Family and Women's Development as the Cornerstones of Social Harmony". Key officials responsible for policies on women or family from different places, including member of the Secretariat of the All-China Women's Federation Ms Ma Liejian; former Vice Minister of Foreign Affairs of the People's Republic of China Ms Fu Ying; the Minister of Women's Affairs, Kingdom of Cambodia, Ms Ing Kantha Phavi; the Secretary for Home and Youth Affairs, Miss Alice Mak; and the Chairperson of the Women's Commission, Dr Eliza Chan, shared policies and initiatives taken by governments in empowering women and strengthening family building as well as their insights about family and women's development.
      
     Miss Mak said in the keynote speech, "This is the first Family and Women Development Summit organised by the Government. Through the Summit, we hope to provide a new platform for individuals who are concerned about the development of local families and women, pulling together the efforts of the Government, the business sector, and the community. This will allow people from different sectors, backgrounds, and cultures to exchange experiences and insights, and to stimulate new ideas for formulating relevant measures."

     Miss Mak said that the HYAB has been actively preparing multiple new measures related to family and women's development as covered in the 2023 Policy Address. She announced at the Summit the official launch of a one-stop family and women's information portal; the introduction of a three-year Maintenance Mediation Pilot Scheme through the Community Care Fund to provide mediation services related to maintenance for those in need; and the official launch of a new five-year Funding Scheme on the Promotion of Family Education on October 14 to support non-profit-making community projects in promoting family education.
      
     Two thematic sessions were held at the Summit. The first session themed "Women's Strengths in Action" was chaired by the Deputy Secretary for Home and Youth Affairs (Home Affairs), Mr Nick Au Yeung. The panellists, including the Director of Division of Women's Affairs, National Working Committee on Children and Women under the State Council, Ms Li He; the Chief Executive Officer of Shanghai Pudong Development Bank Company Limited Hong Kong Branch, Ms Li Zhang; the Chief Executive Officer of Hong Kong Exchanges and Clearing Limited, Ms Bonnie Chan; the Executive Vice-President of the Strategy Development and Government Affairs, GBA of Ant Group, Ms Jennifer Tan; and the Founder of Mary Yu Design, Ms Mary Yu, explored the roles and contributions of women in driving the economic and social development of Hong Kong.

     The second session with the theme "Family Values Across Generations" was hosted by the Under Secretary for Home and Youth Affairs, Mr Clarence Leung. Mr Leung, with the Director General of the Department of Family and Children's Affairs of the All-China Women's Federation, Ms Xu Xu; the Chairperson of the Family Council, Ms Melissa Pang; the Chief Executive Officer of the WEMP Foundation, Mr Alex Mo; a working mother and Founder of Simply Mask Limited, Ms Corina Cheng; the Founding Chairman of LoveXpress Foundation Ltd, Ms Kitty Poon; and a representative of ethnic minorities family, Ms Syed Kalsoom (Pinky), evaluated the importance of family education on building a caring and harmonious family from various perspectives to boost the healthy development of local families.
      
     Exhibition booths were also set up at the venue to showcase the achievements of women's groups and family service organisations in promoting women's development and family education.
      
     For details and the recording of the Summit programme, please visit the thematic webpage, familyandwomensummit.hk/hyab2024.
 

                  

     To ensure food safety and hygiene awareness among schools and licensed food factories supplying school lunch boxes, and to cater for the new school year, the Centre for Food Safety (CFS) and the Environmental Hygiene Branch of the Food and Environmental Hygiene Department (FEHD) stepped up inspections of licensed food factories supplying school lunch boxes in various districts of Hong Kong and collected food samples for testing.

     A spokesman for the FEHD said today (October 9), "Since July, the Department has inspected 46 licensed food factories supplying school lunch boxes and reminded operators of the proper way of handling school lunch boxes. At present, the CFS has collected 90 lunch box samples from those licensed food factories for microbiological examinations. Test results of all samples were satisfactory. The operation is ongoing."

     Furthermore, to safeguard food safety on campuses, the CFS has arranged a series of online seminars for schools since July, highlighting food safety hazards such as choking and food allergies, and emphasising the need for vigilance among teaching staff and food handlers in schools. At the same time, schools are also reminded to order lunch boxes from suppliers that hold a valid Food Factory Licence issued by the FEHD and are endorsed to provide lunch boxes. Before signing contracts with suppliers, schools should visit the premises to ensure that food handlers observe food safety and hygiene practices.

     The CFS has published "A Practical Guide for Ensuring Food Safety in Schools and Childcare Facilities", to which schools and childcare facilities can refer when choosing lunchbox suppliers and ensuring food safety on campus. Lunch box caterers can make use of the guideline "Developing a School Food Safety Plan Based on HACCP system (for School Lunch Box Caterers)" to learn more about how to enhance the safety of lunch box production. For further details, please visit the "Safe Food at School" thematic webpage (cfs.gov.hk/school).

    

     Hong Kong Customs yesterday and today (October 8 and 9) detected two suspected illicit cigarette distribution cases in Kwai Chung and Wong Tai Sin. A total of about 1.27 million suspected illicit cigarettes, with a total estimated market value of about $5.74 million and a duty potential of about $4.2 million, were seized.
      
     In the first case, Customs conducted anti-illicit cigarette operations in the vicinity of Kwai Chung yesterday evening. Customs officers intercepted two lorries on the roadside of Kwai Hei Street. Customs officers found about 1.27 million suspected illicit cigarettes in one of the lorries and arrested two men aged 30 and 46 who were moving the goods. They claimed to be a driver and a logistics worker. After a preliminary investigation, Customs officers further arrested a 31-year-old woman on the spot, who claimed to be unemployed, for further investigation. Customs will continue to trace the source and whereabouts of the illicit cigarettes. The three arrested persons have been released on bail pending further investigation.
      
     In the second case, Customs conducted an anti-illicit cigarette operation in Wong Tai Sin this morning. About 4 500 suspected illicit cigarettes were seized in a store near Lower Wong Tai Sin Estate, and a 44-year-old male person-in-charge of the store was arrested. The arrested man has been charged with "dealing with goods to which the Dutiable Commodities Ordinance applies" and will appear at the Kowloon City Magistrates' Courts on October 23.
      
     Customs will continue its risk assessment and intelligence analysis for interception at source as well as through its multipronged enforcement strategy targeting storage, distribution and peddling to spare no effort in combating illicit cigarette activities.
      
     Under the Dutiable Commodities Ordinance, anyone involved in dealing with, possession of, selling or buying illicit cigarettes commits an offence. The maximum penalty upon conviction is a fine of $1 million and imprisonment for two years.
      
     Members of the public may report any suspected illicit cigarette activities to Customs' 24-hour hotline 182 8080 or its dedicated crime-reporting email account (crimereport@customs.gov.hk) or online form (eform.cefs.gov.hk/form/ced002/).

    

     Following is the speech by the Secretary for Financial Services and the Treasury, Mr Christopher Hui, at the HKGFA Annual Forum 2024 "Financing Asia's Net Zero Transition" today (October 9):
 
Dr Ma (Chairman and President of the Hong Kong Green Finance Association, Dr Ma Jun), distinguished guests, ladies and gentlemen,
 
     Good afternoon. It's my pleasure to join you at the seventh annual flagship forum of the Hong Kong Green Finance Association. This year's theme, "Financing Asia's Net Zero Transition", couldn't be more timely or relevant. Today's gathering presents an invaluable opportunity to exchange best practices and explore innovative solutions in our collective journey towards achieving net zero emissions.
 
     Hong Kong's position as a world-class international financial centre is well-established. Our unique advantage as a "super-connector" bridging Mainland China and global markets continues to solidify our status as the world's premier fund-raising hub.  What's particularly exciting is Hong Kong's rapid emergence as an international green finance powerhouse.
 
     I have tried to summarise what I see as the "super-connector" role in Hong Kong from the finance perspective, in particular the green finance, in terms of four "Ps". The first "P" is products. In 2023, the total amount of green and sustainable debt issued in Hong Kong, encompassing both bonds and loans, surpassed an impressive US$50 billion. Of this, green and sustainable bonds arranged in Hong Kong accounted for approximately US$30 billion – a staggering 37 per cent of all such bonds issued across the entire Asian region. In addition to bonds, I would like to highlight funds. As of June this year, over 230 environmental, social, and governance (ESG) funds were authorised in Hong Kong, with assets under management exceeding HK$1.3 trillion. This represents a year-on-year increase of 19 per cent in the number of funds and 8 per cent in assets under management – clear indicators of the growing appetite for sustainable investments in our market.
 
     Apart from products, another "P" I would like to highlight in order to grow Hong Kong's role as a green finance centre is to have the right target and right policies. Hong Kong has set its own ambitious targets. We aim to reduce carbon emissions by half before 2035 and achieve carbon neutrality by 2050. Earlier this year, Hong Kong joined cities worldwide in observing Earth Hour, an important annual event that raises awareness about the urgent climate crisis facing our planet. To successfully achieve these decarbonisation goals, green and sustainable finance will play a pivotal role in navigating the challenges posed by our carbon deadlines.
 
     Another policy is on green disclosure. As you may have heard from our Financial Secretary this morning, we are ramping up efforts to consolidate our status as a global financial hub with a strong green focus. In March of this year, we published a vision statement outlining the Government and financial regulators' approach to developing a comprehensive ecosystem for sustainability disclosure in Hong Kong. Our ambitious goal is to be among the first jurisdictions to align local sustainability disclosure requirements with the International Sustainability Standards Board (ISSB) Standards. Later this year, we will actually have a roadmap, indicating how we are going to put that vision into reality.
 
     The third "P" I want to mention is platform. In 2022, the Hong Kong Exchanges and Clearing Limited (HKEX) launched Core Climate, an innovative carbon marketplace. This platform connects capital with climate-related products and opportunities across Hong Kong, Mainland China, Asia, and beyond. Notably, Core Climate is the only carbon marketplace offering Hong Kong dollar and Renminbi settlement for trading international voluntary carbon credits.
 
     Just two months ago, the HKEX announced an expansion of Core Climate's offerings. The platform now includes Gold Standard's Verified Emission Reductions, complementing the existing Verified Carbon Standard by Verra. This latest development allows a more diverse range of internationally certified climate projects to be available on Hong Kong's carbon trading platform, reaffirming our commitment to providing investors and corporates with broader opportunities to support impactful climate initiatives.
 
     Our vision extends beyond Hong Kong. We aim to build a dynamic regional carbon marketplace and are actively working to co-operate with our neighbouring cities to develop a flourishing and sustainable carbon market in the Greater Bay Area (GBA). In recent years, the HKEX has initiated several strategic collaborations with our GBA partners. These include signing Memoranda of Understanding with the China Emissions Exchange (Guangzhou) and the China Emissions Exchange Shenzhen to explore carbon opportunities in the GBA and internationally. These partnerships are crucial in facilitating regional interaction and accelerating the development of a robust carbon market ecosystem across Hong Kong and the GBA.
 
     The final "P" comes to people. Two years ago, the Government launched a pilot scheme, basically focusing on the green and sustainable finance capacity building support programme. The scheme is still up and running, and eligible individuals and programme providers are welcome to join. I hope to see you all later, not just at a forum like today's, but also on other occasions where you give us more advice in terms of how we can make Hong Kong a greener financial hub. Thank you.