Tag Archives: China

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Government makes “restriction-testing declaration” and issues compulsory testing notice in respect of specified “restricted area” in Tsui Lam Estate, Tseung Kwan O

     â€‹The Government today (May 16) exercised the power under the Prevention and Control of Disease (Compulsory Testing for Certain Persons) Regulation (Cap. 599J) to make a “restriction-testing declaration” (declaration) effective from 5.30pm, under which people (hereafter referred to as “persons subject to compulsory testing”) within the specified “restricted area” in Tseung Kwan O (i.e. Sau Lam House, Tsui Lam Estate, Tseung Kwan O, excluding social service units thereat and shops on G/F, see Annex.) are required to stay in their premises and undergo compulsory testing. Persons subject to compulsory testing are required to stay in their premises until all such persons identified in the “restricted area” have undergone testing and the test results are mostly ascertained. The Government aims at finishing this exercise at around 8am tomorrow (May 17). The operation may be extended depending on test results. 

     A Government spokesman said, “Under Cap. 599J, the Government can, according to the needs of infection control, make a ‘restriction-testing declaration’. Having reviewed a basket of factors, including the viral load in sewage, the information of relevant positive cases, and other circumstantial factors, and conducted a risk assessment, the Government decided to make a ‘restriction-testing declaration’ for the relevant area.” 

     The Government will set up temporary specimen collection stations at the “restricted area” and request persons subject to compulsory testing to undergo testing before 11.30pm today. Arrangements will be made for persons subject to compulsory testing to undergo a nucleic acid test at specimen collection stations where dedicated staff will collect samples through combined nasal and throat swabs. Persons subject to compulsory testing must stay at their place of residence until all test results are ascertained to avoid cross-infection risk. The Government will make arrangement to facilitate specimen collection for people with impaired mobility. All persons in the “restricted area” who have tested positive in the past 14 days, including positive cases identified either by nucleic acid tests recorded by the Department of Health (DH) or by rapid antigen tests that have been self-declared to the DH, are not required to undergo testing in this compulsory testing exercise. 

     The Government spokesman said, “We understand that this exercise will cause inconvenience to the public. The Government has made arrangements to carry out testing for all persons present in the ‘restricted area’ as soon as possible. The aim is to strive to complete testing of all identified persons subject to compulsory testing and confirm the results, and finish the exercise at around 8am tomorrow. The Government will make a public announcement when the declaration expires officially. In the cases in which employees are unable to go to work because of the declaration, the Government hopes their employers can exercise discretion and not deduct the salaries or benefits of the employees.” 

     If staying in the “restricted area” will cause unreasonable hardship to individuals who are not residents in the area when the declaration takes effect, government officers may exercise discretion and allow that person to leave the area after considering the individual circumstances. That person must have followed the instructions to undergo testing and leave his/her personal information for contact purposes. 

     According to the compulsory testing notice to be issued today, any persons other than those specified above who had been present at the above building for more than two hours from May 10 to May 16, 2022, even if they were not present in the “restricted area” at the time when the declaration took effect, must undergo compulsory testing on or before May 18, 2022. As a mutant strain is involved, for prudence’s sake, vaccinated persons and persons who have recently been tested are also required to undergo testing. 

     The Government will provide food packs and necessity packs for persons subject to compulsory testing, so as to facilitate the meal arrangements and daily needs of some persons subject to compulsory testing. In addition, the Home Affairs Department has set up a hotline (Tel: 2835 1473) which starts operation at 5.30pm today for residents restricted by the declaration to make enquiries and seek assistance. The Social Welfare Department will also provide assistance to the affected persons. 

     The Government appeals to persons subject to compulsory testing for their full co-operation by registering and undergoing testing, and waiting for the results patiently at home. The Government will strictly follow up on whether the persons concerned have complied with the compulsory testing notices and “restriction-testing declaration”. Any person who fails to comply with the compulsory testing notices commits an offence and may be fined a fixed penalty of $10,000. The person would also be issued with a compulsory testing order requiring him or her to undergo testing within a specified time frame. Failure to comply with the compulsory testing order or the “restriction-testing declaration” is an offence and the offender would be liable to a fine at level 5 ($50,000) and imprisonment for six months. read more

Driving on Lantau Island Scheme to commence second phase from July 1

     The Transport Department (TD) announced today (May 16) that the second phase of the Driving on Lantau Island Scheme (DLS) will commence from July 1 in view of the keen demand. The daily quotas from Mondays to Fridays (except public holidays) will be increased from 25 to 50, including 10 for electric private cars, to promote green transport. 
      
     To tie in with the implementation of the second phase of the DLS, as well as to further enhance the transparency and fairness in the allocation of DLS quotas, the TD will launch a ballot system on June 1 for members of the public to submit applications for quotas one month in advance via the TD’s website (www.td.gov.hk/en/public_services/licences_and_permits/lantau_closed_road_permit/driving_on_lantau_island/index.html#3).
      
     In addition, to enable people with disabilities’ access to South Lantau, the TD will introduce a trial of five daily quotas to hire cars serving wheelchair users on a first-come, first-served basis.
      
     The TD will closely monitor the situation upon the implementation of the measures. The TD has produced a driving guide and videos to remind motorists participating in the DLS of matters that require special attention when driving on closed roads on South Lantau, as well as to introduce the quota application and balloting procedures.
      
     Details of the second phase of the DLS and the quotas for hire cars are available on the TD’s website. read more

Tender of 20-year Government Bonds under Institutional Bond Issuance Programme to be held on May 25

The following is issued on behalf of the Hong Kong Monetary Authority: 
 
     The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced today (May 16) that a tender of 20-year Government Bonds (Bonds) under the Institutional Bond Issuance Programme will be held on May 25 (Wednesday), for settlement on May 26 (Thursday).
      
     A total of HK$0.5 billion 20-year Bonds will be tendered. The Bonds will mature on May 26, 2042 and will carry interest at the rate of 3.30 per cent per annum payable semi-annually in arrears.
      
     Under the Institutional Bond Issuance Programme, tender is open only to Recognized Dealers which are appointed as Primary Dealers. Anyone wishing to apply for the Bonds on offer can do so through any of the Primary Dealers on the current published list, which can be obtained from the Government Bond Programme’s website at www.hkgb.gov.hk. Each tender must be for an amount of HK$50,000 or integral multiples thereof.

     Tender results will be published on the HKMA’s website, the Government Bond Programme’s website, the Refinitiv screen (HKGBINDEX), and Bloomberg (GBHK <GO>) not later than 3pm on the tender day.

HKSAR Government Institutional Bond Issuance Programme tender information
—————————————————————————————–
     Tender information of 20-year Government Bonds under the Institutional Bond Issuance Programme:
 

Issue Number : 20GB4205
Stock Code : 4255 (HKGB 3.30 4205)
Tender Date and Time : May 25, 2022 (Wednesday)
9.30am to 10.30am
Issue and Settlement Date for Tender Amount  : May 26, 2022 (Thursday)
Amount on Offer  : HK$0.5 billion
Maturity                : 20 years
Maturity Date : May 26, 2042 
Interest Rate     : 3.30% p.a. payable semi-annually in arrears 
Interest Payment Dates  : November 28, 2022
May 29, 2023
November 27, 2023
May 27, 2024
November 26, 2024
May 26, 2025
November 26, 2025
May 26, 2026
November 26, 2026
May 26, 2027
November 26, 2027
May 26, 2028
November 27, 2028
May 28, 2029
November 26, 2029
May 27, 2030
November 26, 2030
May 26, 2031
November 26, 2031
May 26, 2032
November 26, 2032
May 26, 2033
November 28, 2033
May 26, 2034
November 27, 2034
May 28, 2035
November 26, 2035
May 26, 2036
November 26, 2036
May 26, 2037
November 26, 2037
May 26, 2038
November 26, 2038
May 26, 2039
November 28, 2039
May 28, 2040
November 26, 2040
May 27, 2041
November 26, 2041
May 26, 2042 
Method of Tender : Competitive tender 
Tender Amount : Each competitive tender must be for an amount of HK$50,000 or integral multiples thereof. Any tender applications for the Bonds must be submitted through a Primary Dealer on the current published list. 
Other Details  : Please see Information Memorandum available on the Government Bond Programme’s website at www.hkgb.gov.hk or approach Primary Dealers. 
Expected commencement date of dealing on
the Stock Exchange
of Hong Kong Limited
: May 27, 2022
 
     Price/Yield Table of the Government Bonds at tender for reference* only:
 
Yield-to-Maturity Price Yield-to-Maturity Price
2.300 116.19 3.300 100.39
2.350 115.33 3.350 99.67
2.400 114.47 3.400 98.96
2.450 113.63 3.450 98.26
2.500 112.79 3.500 97.56
2.550 111.96 3.550 96.87
2.600 111.14 3.600 96.19
2.650 110.32 3.650 95.51
2.700 109.52 3.700 94.84
2.750 108.72 3.750 94.17
2.800 107.93 3.800 93.51
2.850 107.14 3.850 92.86
2.900 106.36 3.900 92.21
2.950 105.59 3.950 91.57
3.000 104.83 4.000 90.93
3.050 104.07 4.050 90.30
3.100 103.32 4.100 89.67
3.150 102.58 4.150 89.05
3.200 101.84 4.200 88.44
3.250 101.11 4.250 87.83
3.300 100.39 4.300 87.23
 
*Disclaimer: The information provided here is for reference only. Although extreme care has been taken to ensure that the information provided is accurate and up-to-date, the HKMA does not warrant that all, or any part of, the information provided is accurate in all respects. You are encouraged to conduct your own enquiries to verify any particular piece of information provided on it. The HKMA shall not be liable for any loss or damage suffered as a result of any use or reliance on any of the information provided here. read more