Tag Archives: China

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

     Exchange Fund Bills tender results:
 

Tender date	:	October 20, 2026
Paper on offer	:	EF Bills
Issue number	:	Q2642
Issue date	:	October 21, 2026
Maturity date	:	January 20, 2027
Amount applied	:	HK$165,996 MN
Amount allotted	:	HK$67,147 MN
Average yield accepted	:	2.82 PCT
Highest yield accepted	:	2.85 PCT
Pro rata ratio*	:	About 47 PCT
Average tender yield	:	2.94 PCT
****************************
Tender date	:	October 20, 2026
Paper on offer	:	EF Bills
Issue number	:	H2671
Issue date	:	October 21, 2026
Maturity date	:	April 21, 2027
Amount applied	:	HK$45,710 MN
Amount allotted	:	HK$12,000 MN
Average yield accepted	:	3.13 PCT
Highest yield accepted	:	3.15 PCT
Pro rata ratio*	:	About 74 PCT
Average tender yield	:	3.20 PCT
****************************
Tender date	:	October 20, 2026
Paper on offer	:	EF Bills
Issue number	:	Y2696
Issue date	:	October 21, 2026
Maturity date	:	October 20, 2027
Amount applied	:	HK$21,825 MN
Amount allotted	:	HK$5,000 MN
Average yield accepted	:	3.34 PCT
Highest yield accepted	:	3.39 PCT
Pro rata ratio*	:	About 90 PCT
Average tender yield	:	3.49 PCT

*”Pro rata ratio” refers to the average percentage of allotment with respect to each tender participant’s tendered amount at the “highest yield accepted” level.

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     Hong Kong Monetary Authority tenders to be held in the week beginning October 26, 2026:
 

Tender date	:	October 27, 2026
Paper on offer	:	EF Bills
Issue number	:	Q2643
Issue date	:	October 28, 2026
Maturity date	:	January 27, 2027
Tenor	:	91 Days
Amount on offer	:	HK$65,782 MN
****************************
Tender date	:	October 27, 2026
Paper on offer	:	EF Bills
Issue number	:	H2672
Issue date	:	October 28, 2026
Maturity date	:	April 28, 2027
Tenor	:	182 Days
Amount on offer	:	HK$15,000 MN

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     The Centre for Food Safety (CFS) of the Food and Environmental Hygiene Department announced today (October 20) that in view of notifications from the World Organisation for Animal Health (WOAH) about outbreaks of highly pa… read more

     A 20-year-old male Mainland student was charged at the Kwun Tong Magistrates’ Courts with one count of obtaining services by deception and was sentenced to two months’ imprisonment today (October 20).

     In November 2024, the Immigration Department (ImmD) and the Hong Kong Police Force conducted a joint investigation into a case involving a false academic qualification. The investigation revealed that the defendant was suspected of submitting a false academic certificate of an overseas educational institution to a local post-secondary institution for admission to a higher diploma programme. After obtaining an offer from the local post-secondary institution, the defendant reported the same false academic qualification to the ImmD upon his application for an entry permit to study in Hong Kong, and declared that he had completed a three-year diploma programme in the overseas educational institution.
 
     The defendant exculpated under caution that through the arrangement of an intermediary, he obtained the false academic qualification upon completion of a two-month distance learning programme in the Mainland branch of the said overseas educational institution and he later used the said qualification to enrol in a local higher diploma programme. However, the follow-up investigation revealed that the said overseas educational institution actually did not exist.
 
     The defendant was subsequently charged with one count of obtaining services by deception. He previously pleaded guilty to the charge and was sentenced to two months’ imprisonment by the Kwun Tong Magistrates’ Courts today.
 
     “Under the laws of Hong Kong, any person who makes or causes to be made a false statement to an Immigration Officer commits an offence. Offenders are liable to prosecution and, upon conviction, subject to the maximum penalty of a fine of $150,000 and imprisonment for 14 years. Aiders and abettors are also liable to prosecution and penalties. Under the Theft Ordinance, a person who by any deception dishonestly obtains services from another shall be guilty of an offence and shall be liable, upon conviction, to the maximum penalty of imprisonment for 10 years,” an ImmD spokesman said.
 
     The ImmD urges applicants not to defy the law or be misled into believing that study or residence can be obtained by fraudulent means or false information. The ImmD reiterates that if any person is found to have obtained their student visa/permit or residence status in Hong Kong by fraudulent means, such visa or residence status will be declared invalid according to the laws of Hong Kong, and they will be subject to criminal liability. They will also be subject to removal back to their place of origin. read more

     An incoming female passenger was sentenced to seven months’ imprisonment by the West Kowloon Magistrates’ Courts today (October 20) for importing duty-not-paid cigarettes and importing alternative smoking products, in contravention of the Dutiable Commodities Ordinance (DCO) and the Import and Export Ordinance (IEO).
           
     Customs officers intercepted a 42-year-old incoming Mainland female passenger arriving in Hong Kong from Tokyo, Japan, via Taipei, at Hong Kong International Airport on August 16 and seized 61 200 duty-not-paid cigarettes and 7 600 alternative smoking products, with an estimated market value of about $298,000 and a duty potential of about $202,000, from her personal baggage. The passenger was subsequently arrested.
           
     Customs welcomes the sentence. The custodial sentence has imposed a considerable deterrent effect and reflects the seriousness of the offences.
           
     Customs reminds members of the public that under the DCO, cigarettes are dutiable goods to which the DCO applies. Any person who imports, deals with, possesses, sells or buys illicit cigarettes commits an offence. The maximum penalty upon conviction is a fine of $2 million and imprisonment for seven years.
           
     Under the IEO, any person who imports an alternative smoking product into Hong Kong commits an offence. The maximum penalty upon conviction is a fine of $2 million and imprisonment for seven 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).

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     Following is the speech by the Financial Secretary, Mr Paul Chan, at the APEC (Asia-Pacific Economic Cooperation) Finance Ministers’ Meeting 2026 Plenary Session 1 – Global and Regional Economic and Financial Outlook today (October 20): 

Chairman, fellow ministers, colleagues,

     It is a great pleasure to welcome you to Hong Kong, Asia’s world city.

     The global economy has shown resilience, but that resilience is uneven and under strain. Geopolitical tensions and trade policy uncertainty cloud the outlook, with risks tilted to the downside.

     Asia continues to outpace global growth, supported by technology-related trade and investment. We see this momentum in Hong Kong, where merchandise exports rose by more than 40 per cent in value in the first eight months of this year, and around 70 per cent of our IPO (initial public offering) proceeds were attributable to AI-related companies. 

     Yet prolonged geopolitical disruption would raise energy prices, further fuel inflation and tighten financial conditions, weighing on investment and constraining fiscal space. Concentrated exposures to AI-related assets, particularly where leverage is involved, could amplify market corrections across sectors and borders.

     Managing these risks requires fiscal prudence, vigilant financial oversight and closer co-operation in information sharing, risk monitoring and emergency response.

     Translation of technological advances into productivity gains, wider adoption of AI, green transition and other innovations require sustained investment. Equally important are building digital infrastructure, developing related skills and literacy, and preparing businesses and communities for change.

     Mobilising private capital is essential. Governments need to provide predictable, investment-friendly policies and modernise regulatory frameworks, giving businesses the confidence to innovate and invest.

     Regionally, we need open channels for trade and investment, not new barriers. Connected markets allow capital to reach productive uses and technologies be adopted across borders.

     Hong Kong, China remains committed to these principles. As an international financial centre, we channel capital into productive investment, while our professional services help businesses enter new markets and commercialise technologies.

     Colleagues, interconnected challenges demand co-ordinated responses. Our collective task is to safeguard stability while strengthening the foundations for lasting prosperity. Hong Kong, China stands ready to work with fellow economies to seize opportunities, manage risks and support more resilient, sustainable and inclusive growth across the Asia Pacific.

     Thank you.

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