The Leisure and Cultural Services Department announced today (September 25) that the multipurpose arena of Ap Lei Chau Sports Centre in Southern District will be temporarily closed from October 2 (Wednesday) for refurbishm… read more
The Leisure and Cultural Services Department announced today (September 25) that Yue Kwong Road Sports Centre in Southern District will reopen for public use from October 2 (Wednesday). This venue was temporarily closed ea… read more
The Government announced today (September 25) that the Chief Executive has reappointed Mr Jack Chan Hoi as a member of the Standing Committee on Directorate Salaries and Conditions of Service (the Directorate Committee) for a term o… read more
The Financial Services and the Treasury Bureau (FSTB) published today (September 25) the consultation conclusions on promoting paperless corporate communication for Hong Kong companies. The report outlines the views received during the consultation period, and sets out the Government’s response and the way forward.
The public consultation was conducted from November 27, 2023, to January 26, 2024. The FSTB received a total of nine submissions from the community, including business chambers, professional bodies and public organisations.
The FSTB briefed the Panel on Financial Affairs of the Legislative Council on the legislative proposals, consulted the Standing Committee on Company Law Reform, and organised a briefing session to introduce the legislative proposals to seven industry organisations.
A spokesman for the FSTB said, “We are pleased to note that the proposals to promote paperless corporate communication for Hong Kong companies have received general support from the community. Respondents agreed that the proposals will help enhance the cost-effectiveness and operational efficiency of companies, thereby achieving the objectives of streamlining procedures and promoting a green business environment. Respondents also provided valuable comments on different aspects of the proposals, including introducing an implied consent mechanism, removing the separate notification requirement, and enhancing protection of shareholders’ interest.”
The FSTB is drafting the Amendment Bill and plans to introduce it into the Legislative Council within this year. The Government hopes that the community will continue to support the implementation of the legislative proposals.
The consultation conclusions have been uploaded to the website of the FSTB at www.fstb.gov.hk/fsb/en/publication/consult/consult_paperless.html.
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The following is issued on behalf of the Hong Kong Monetary Authority:
Result of the tender of the People’s Bank of China RMB Bills held on September 25, 2024:
| Tender Result | ||
| ************************************************************************* | ||
| Tender Date | : | September 25, 2024 |
| Bills available for Tender | : | Six-Month RMB Bills |
| Issuer | : | The People’s Bank of China |
| Issue Number | : | BCHKFP24016 |
| Issue Date | : | September 27, 2024 |
| Maturity Date | : | March 28, 2025 (or the closest coupon payment date) |
| Application Amount | : | RMB 59,301 million |
| Issue Amount | : | RMB 25,000 million |
| Average accepted Coupon Rate | : | 1.45 per cent |
| Highest accepted Coupon Rate (Bills’ Coupon) |
: | 1.55 per cent |
| Lowest accepted Coupon Rate | : | 1.00 per cent |
| Allocation Ratio (At Highest accepted Coupon Rate) | : | Approximately 71.67 per cent |