The Transport Department (TD) today (February 28) said that the next online auction of vehicle registration marks (VRMs) will be held from noon on March 20 (Thursday) to noon on March 24 (Monday) through the auction platform E-… read more
The following is issued on behalf of the Hong Kong Monetary Authority:
The Hong Kong Monetary Authority (HKMA) announced today (February 28) the list of banks for the RMB Trade Financing Liquidity Facility (RMB TFLF) in Phase 1 (see Annex), effective from today.
About RMB50 billion of the total size of RMB100 billion of this facility has been allocated to the participating banks. A specific quota is assigned to each bank based on the pipelines as expected by the bank, and referencing the bank’s existing scale of relevant business, among other factors. The banks can now apply for RMB funds from the HKMA from today through the RMB TFLF based on their provision of RMB trade finance to corporate customers within the assigned quota.
The HKMA will closely review the implementation of the RMB TFLF, including its operation, banks’ RMB trade finance activities and facility usage, as well as market development needs. Subject to the operation of the facility and market demand, we plan to proceed to the next phase of quota allocation around the middle of this year. Banks not yet ready in Phase 1 are encouraged to continue developing their RMB trade finance business so as to be ready to join in later phases. Terms and operation details of the RMB TFLF are found in this Circular. read more
​Hongkong Post announced today (February 28) that, as advised by the postal administration of Mauritius, due to the impact of severe weather, mail delivery services to the country are subject to delay. read more
The Government today announced (February 28) the appointment of Ms Melody Wong Yee-ting and Ms Syalis Kwok Mei-sin as new members to the Advisory Committee on Recycling Fund through the Member Self-recommendation Scheme for Youth (MSSY) for a term from March 1, 2025, to July 31, 2027.
To facilitate the operation of the Recycling Fund, the Advisory Committee on Recycling Fund was established in August 2015 to advise and make recommendations to the Government on matters relating to the overall administration and operation of the Recycling Fund. Furthermore, the Government regularly recruits young persons aged between 18 and 35 who are eager to serve the community to join the Government’s advisory committees through the MSSY with a view to providing more opportunities for young people to participate in policy discussions.
The membership of the Advisory Committee on Recycling Fund is as follows:
Chairperson
Dr Daniel Yip Chung-yin
Members
Ms Bonnie Chan Jo-ying
Mr Nathan Chau Cheuk-yin
Dr Chung Shan-shan
Ms Judy Ho Pui-Suen
Dr Amie Lai Gor
Mr Nicholas Lai Yui-man
Dr Barry Lee Chi-hong
Dr Frank Leung Yat-cheong
Mr Yuet Ngai-keung
Dr Edward Chan Chi-wing
Mr Jude Chow Chee-ping
Ms Melanie Kwok Hoi-yee
Prof Raymond Leung Hai-ming
Ms Sabrina Leung Heung-ying
Mr Harvey Liu Wing-tai
Mr Thomas Wong Cheung-chi
Ms Melody Wong Yee-ting*
Ms Syalis Kwok Mei-sin*
* New members appointed through the MSSY read more
​Subsequent to the visit by the Director-General of Investment Promotion at Invest Hong Kong (InvestHK), Ms Alpha Lau, to Seoul, Korea, last week (February 20 and 21) to promote Hong Kong’s business advantages, a delegation of Korean food and beverage companies visited Hong Kong from February 25 to 27 to explore business opportunities in the city. InvestHK and its Korean office, in collaboration with the Hong Kong Economic and Trade Office (Tokyo) and Korea Franchise Association, co-organised a three-day business delegation trip. The visit facilitated exchanges between the Korean and local food and beverage (F&B) companies, further promoting business opportunities in Hong Kong’s F&B industry.
On the first day of the trip, the Head of Tourism and Hospitality at InvestHK, Ms Sindy Wong, shared Hong Kong’s business advantages and the local F&B market landscape with the delegation, helping companies gain a deeper understanding of the city’s business environment. The event featured a series of themed seminars, networking sessions and business matching opportunities with local restaurant operators. The seminars included case studies and insights into the retail property market. Additionally, the delegates visited Tai Kwun, Soho, and Tsim Sha Tsui to gain first-hand insights into the latest developments in Hong Kong’s F&B and retail property scene. These visits also provided an opportunity for them to explore the potential for Korean specialty cuisine to enter and thrive in the local market.
“Hong Kong and Korea have for a long time enjoyed strong ties across many areas, including trade, investment, tourism, and cultural exchanges. We are a city of culinary delights, with over 17 000 places for food, including 79 Michelin-star restaurants, six of Asia’s 50 best restaurants, and nine of Asia’s 50 best bars,” said Ms Lau. At the welcome dinner on the first day of the trip, Ms Lau warmly welcomed the Korean business delegation and said, “We hope the delegation finds the programme useful and makes great business connections, and also new friends, on this trip. We are confident that they will find partners to establish their restaurants here and join our exciting F&B scene in the near future.”
​Seeing that the visit concluded successfully with a fruitful outcome, the Principal Hong Kong Economic and Trade Representative (Tokyo), Miss Winsome Au, stated, “Our office is pleased to drive this first Korean business delegation mission to Hong Kong. Indeed, Korean cuisine is garnering increasing attention in Hong Kong, thanks to the global popularity of K-culture. Our office will continue our efforts in supporting this joint initiative of promoting mutual understanding between Hong Kong and Korean companies, and we hope that these efforts will lead to more investment and collaboration in various fields.”
The Chief Executive Officer of PSP F&D Co Ltd, Mr Park Sangyoung, stated, “The vibrant dining atmosphere in Hong Kong makes it an ideal platform to showcase Korean culinary culture. We are very optimistic about the market prospects. This event has given us the opportunity to share Korea’s diverse food culture and also helped us build valuable partnerships with Hong Kong’s F&B industry. This will serve as a solid foundation for our future expansion into Hong Kong and the wider Asian market.”
The Chief Executive Officer of ALL F&B Co Ltd, Mr Bang Kyoungseok, added, “Hong Kong consumers’ passion for Korean cuisine, along with their high standards for food quality, perfectly aligns with our brand philosophy. We understand more about the Hong Kong market through this event and will start planning our development here. We look forward to bringing the most authentic Korean dining experience to Hong Kong.”
The Chief Operating Officer of LUBUDS, Ms Berfa Chow, said, “Netflix’s Korean cuisine reality show ‘Culinary Class Wars’ has become globally famous, further boosting the popularity of Korean cuisine in Hong Kong’s dining scene. We are thrilled for the opportunity to explore collaboration with several renowned Korean restaurant groups. Combining their expertise with our in-depth local market knowledge, we are confident in delivering more top-notch, authentic Korean dining experiences to Hong Kong consumers while seizing this exciting market opportunity.”
The Vice Chairman of Fulum Group Holdings Limited, Professor Keith Wu, stated, “From K-dramas and K-pop to Korean cuisine, Korean culture is going viral and young consumers show a strong appetite for authentic Korean dining. We are excited to explore collaborations with well-known Korean restaurant brands, aiming to strategically enhance our offerings with more Korean elements and further enrich our brand portfolio.”
