Tag Archives: China

HAD opens temporary heat shelters

     The Home Affairs Department will continue to open 19 community halls/community centres as temporary heat shelters today (June 10).
      
     The temporary heat shelters will remain open for people to take refuge from the heat when the Very Hot Weather Warning is in force. From 10.30pm to 8am the next day, the temporary heat shelters will also provide bedding and a sleeping place for people in need. The shelters are manned by duty attendants.
      
     For further information, please call the department’s hotline before midnight on 2572 8427.

     â€‹The heat shelters are located at:
 
Hong Kong Island:
———————
 
Central and Western –
Sai Ying Pun Community Complex Community Hall
3/F, Sai Ying Pun Community Complex
2 High Street, Sai Ying Pun
 
Eastern –
Causeway Bay Community Centre
3/F, 7 Fook Yum Road, Causeway Bay
 
Southern –
Lei Tung Community Hall
Lei Tung Estate, Ap Lei Chau
 
Wan Chai –
Wan Chai Activities Centre
LG/F, Wan Chai Market, 258 Queen’s Road East, Wan Chai
 
Kowloon:
——————
 
Kowloon City –
Hung Hom Community Hall
1/F, Kowloon City Government Offices
42 Bailey Street, Hung Hom
 
Kwun Tong –
Lam Tin (West) Estate Community Centre
71 Kai Tin Road, Lam Tin
 
Sham Shui Po –
Shek Kip Mei Community Hall
G/F, Block 42, Shek Kip Mei Estate
 
Wong Tai Sin –
Tsz Wan Shan (South) Estate Community Centre
45 Wan Wah Street, Tsz Wan Shan
 
Yau Tsim Mong –
Henry G Leong Yaumatei Community Centre
60 Public Square Street, Yau Ma Tei
 
New Territories:
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Islands –
Tung Chung Community Hall
G/F, Tung Chung Municipal Services Building, 39 Man Tung Road, Tung Chung
 
Kwai Tsing –
Kwai Shing Community Hall
Podium, Block 6, Kwai Shing West Estate, Kwai Chung
 
North –
Cheung Wah Community Hall
Cheung Wah Estate, Fanling
 
Sai Kung –
Hang Hau Community Hall
G/F, Sai Kung Tseung Kwan O Government Complex, 38 Pui Shing Road, Hang Hau, Tseung Kwan O
 
Sha Tin –
Lung Hang Estate Community Centre
Lung Hang Estate, Sha Tin
 
Tai Po –
Tai Po Community Centre
2 Heung Sze Wui Street, Tai Po
 
Tsuen Wan –
Lei Muk Shue Community Hall
G/F, Hong Shue House, Lei Muk Shue Estate, Tsuen Wan
 
Tuen Mun –
Butterfly Bay Community Centre
Butterfly Estate (near Tip Sum House), Tuen Mun
 
Yuen Long –
Long Ping Community Hall
Long Ping Estate, Yuen Long
 
Yuen Long –
Tin Yiu Community Centre
Tin Yiu Estate, Tin Shui Wai
 
     In addition to the above heat shelters, a number of community halls/community centres can also be used for taking refuge from the heat during their operating hours. For their address details, please browse the following document: www.had.gov.hk/file_manager/en/documents/public_services/emergency_services/List_CH_CC_Day_E.pdf. read more

Exchange Fund Bills tender results

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

     Exchange Fund Bills tender results:
 

Tender date : June 10, 2025
Paper on offer : EF Bills
Issue number : Q2524
Issue date : June 11, 2025
Maturity date : September 10, 2025
Amount applied : HK$173,422 MN
Amount allotted : HK$62,596 MN
Average yield accepted : 0.78 PCT
Highest yield accepted : 0.87 PCT
Pro rata ratio* : About 13 PCT
Average tender yield : 0.97 PCT
****************************
Tender date : June 10, 2025
Paper on offer : EF Bills
Issue number : H2553
Issue date : June 11, 2025
Maturity date : December 10, 2025
Amount applied : HK$47,580 MN
Amount allotted : HK$14,000 MN
Average yield accepted : 1.45 PCT
Highest yield accepted : 1.49 PCT
Pro rata ratio* : About 17 PCT
Average tender yield : 1.63 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 June 16, 2025:
 
Tender date : June 17, 2025
Paper on offer : EF Bills
Issue number : Q2525
Issue date : June 18, 2025
Maturity date : September 17, 2025
Tenor : 91 Days
Amount on offer : HK$61,909 MN
****************************
Tender date : June 17, 2025
Paper on offer : EF Bills
Issue number : H2554
Issue date : June 18, 2025
Maturity date : December 17, 2025
Tenor : 182 Days
Amount on offer : HK$13,000 MN
read more

Results of monthly survey on business situation of small and medium-sized enterprises for May 2025

     The Census and Statistics Department (C&SD) released today (June 10) the results of the Monthly Survey on Business Situation of Small and Medium-sized Enterprises (SMEs) for May 2025.
 
     The current diffusion index (DI) on business receipts amongst SMEs increased from 41.2 in April 2025 in the contractionary zone to 42.1 in May 2025, whereas the one-month’s ahead (i.e. June 2025) outlook DI on business receipts was 45.4. Analysed by sector, the current DIs on business receipts, despite below the 50-mark, rose in May 2025 as compared with previous month for many surveyed sectors, particularly for the import and export trades (from 40.2 to 41.9) and wholesale trade (from 40.0 to 41.5).
       
     The current DI on new orders for the import and export trades increased from 42.0 in April 2025 to 44.0 in May 2025, whereas the outlook DI on new orders in one month’s time (i.e. June 2025) was 45.8.
 
Commentary
 
     A Government spokesman said that business sentiment among SMEs and their outlook in one month’s time saw some improvement in May, as the global trade tensions eased somewhat. The overall employment situation also turned slightly better.
 
     Looking ahead, the uncertain external environment could continue to affect business sentiment. Nonetheless, the resilient local economy and sustained steady growth in the Mainland economy should provide a solid backstop. The Government will continue to monitor the situation closely.
 
Further information
 
     The Monthly Survey on Business Situation of Small and Medium-sized Enterprises aims to provide a quick reference, with minimum time lag, for assessing the short-term business situation faced by SMEs. SMEs covered in this survey refer to establishments with fewer than 50 persons engaged. Respondents were asked to exclude seasonal fluctuations in reporting their views. Based on the views collected from the survey, a set of diffusion indices (including current and outlook diffusion indices) is compiled. A reading above 50 indicates that the business condition is generally favourable, whereas that below 50 indicates otherwise. As for statistics on the business prospects of prominent establishments in Hong Kong, users may refer to the publication entitled “Report on Quarterly Business Tendency Survey” released by the C&SD.
 
     The results of the survey should be interpreted with care. The survey solicits feedback from a panel sample of about 600 SMEs each month and the survey findings are thus subject to sample size constraint. Views collected from the survey refer only to those of respondents on their own establishments rather than those on the respective sectors they are engaged in. Besides, in this type of opinion survey on expected business situation, the views collected in the survey are affected by the events in the community occurring around the time of enumeration, and it is difficult to establish precisely the extent to which respondents’ perception of the business situation accords with the underlying trends. For this survey, main bulk of the data were collected around the last week of the reference month.
 
     More detailed statistics are given in the “Report on Monthly Survey on the Business Situation of Small and Medium-sized Enterprises”. Users can browse and download the publication at the website of the C&SD (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1080015&scode=300).
 
     Users who have enquiries about the survey results may contact Industrial Production Statistics Section of the C&SD (Tel: 3903 7246; email: sme-survey@censtatd.gov.hk). read more

Construction output for first quarter of 2025

     The total gross value of construction works (GVCW) performed by main contractors in the first quarter of 2025 increased by 1.9% in nominal terms over a year earlier to $70.5 billion, according to the provisional results of the Quarterly Survey of Construction Output released today (June 10) by the Census and Statistics Department (C&SD).
 
     After discounting the effect of price changes, the provisional results showed that the total GVCW performed by main contractors slightly decreased by 0.9% in real terms over the same period. GVCW in real terms is derived by deflating the corresponding nominal value with an appropriate price index to the price level in the base period of 2000.
 
     Analysed by type of construction works, the GVCW performed at private sector sites totalled $19.4 billion in the first quarter of 2025, down by 10.7% in nominal terms over a year earlier. In real terms, it decreased by 12.7%. The GVCW performed at public sector sites increased by 17.4% in nominal terms over a year earlier to $30.5 billion in the first quarter of 2025. In real terms, it increased by 13.8%.
 
     The GVCW performed by main contractors at locations other than construction sites amounted to $20.6 billion in the first quarter of 2025, down by 3.9% in nominal terms compared with a year earlier. In real terms, it decreased by 5.7%. Construction works at locations other than construction sites included minor new construction activities and decoration, repair and maintenance for buildings; and electrical equipment installation and maintenance works at locations other than construction sites.
 
     Analysed by major end-use group, the GVCW performed at construction sites in respect of residential buildings projects amounted to $20.9 billion in the first quarter of 2025, up by 5.0% in nominal terms over a year earlier. Over the same period, the GVCW performed at construction sites in respect of transport projects down by 19.4% in nominal terms to $8.8 billion in the first quarter of 2025.
 
     On a seasonally adjusted quarter-to-quarter basis, the GVCW performed by main contractors slightly increased by 0.1% in nominal terms but decreased by 1.0% in real terms in the first quarter of 2025 compared with the fourth quarter of 2024.
 
     Table 1 shows the provisional figures on the GVCW performed by main contractors in the first quarter of 2025. Tables 2 and 3 show the revised figures for the whole year of 2024 and the fourth quarter of 2024 respectively.
 
     Owing to the widespread sub-contracting practices in the construction industry, a construction establishment can be a main contractor for one contract and a sub-contractor for another contract at the same time. The GVCW performed by main contractors covers only those projects in which the construction establishment takes the role of a main contractor, but not projects in which it takes only the role of a sub-contractor. However, sub-contractors’ contribution to projects should have been included in the GVCW performed by main contractors for whom they worked.
 
     The classification of construction establishments follows the Hong Kong Standard Industrial Classification Version 2.0, which is used in various economic surveys for classifying economic units into different industry classes.
 
     More detailed statistics are given in the “Report on the Quarterly Survey of Construction Output”. Users can browse and download this publication at the website of the C&SD (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1090002&scode=330).
 
     For enquiries about the survey results, please contact the Construction and Miscellaneous Services Statistics Section of the C&SD (Tel: 3903 6965; email: building@censtatd.gov.hk). read more