Appeal for information on missing man in Tseung Kwan O (with photo)
Police today (May 26) appealed to the public for information on a man who went missing in Tseung Kwan O. Yau Ka-lok, aged 56, we… read more
Tag Archives: China
Government to introduce resolutions to raise borrowing limits under Government Bond Programme and Government Green Bond Programme
The Government served notices to the Legislative Council (LegCo) today (May 26) announcing its intention to introduce two resolutions under the Loans Ordinance to raise the borrowing limits of the Government Bond Programme (GBP) and the Government Green Bond Programme (GGBP), with a view to promoting the sustainable development of the local bond market.
One resolution seeks to raise the maximum amount of borrowings under the GBP from the current $200 billion to $300 billion, and the other resolution seeks to raise the maximum amount of borrowings under the GGBP from the current $100 billion to $200 billion.
The Secretary for Financial Services and the Treasury, Mr Christopher Hui, said, “The GBP and the GGBP have been serving the important function of promoting bond market development in Hong Kong through regular issuances of institutional, retail and green bonds. The two programmes have been well received by the market as evident in the oversubscription recorded for past issuances. We hope that, with the enlarged scale, they can cater for the increasing demand of local and international investors for high-quality government bonds. This will reinforce Hong Kong’s position as a leading bond market in Asia and strengthen our competitiveness as an international financial centre.
“A total of US$3.5 billion of green bonds has been successfully launched through two issuances under the GGBP so far. We will expand the scope of the GGBP so that the green bond proceeds can be used to fund a wider variety of green projects, allowing the Government to further tap into the green bond market to support the low-carbon transformation in Hong Kong, thereby consolidating Hong Kong’s position as a green finance hub in the region.
“Through regular issuances of retail bonds, citizens are provided with a safe investment choice of steady return. Apart from issuing inflation-linked retail bonds, the Government will also lower the eligible age for subscribing Silver Bond from 65 to 60 and issue retail green bonds in this financial year. We hope that the borrowing limits of the two programmes can be raised as soon as possible, thereby allowing more flexibility for the issuance arrangements in future.”
The GBP was established in 2009 with the policy objective of promoting the sustainable development of the local bond market through systematic issuances of government bonds. The GGBP was established in 2018 with the policy objective of promoting the development of green finance in Hong Kong.
Subject to the necessary legislative process, the Government will move the resolutions in LegCo on June 16. read more
Government to introduce resolutions to raise borrowing limits under Government Bond Programme and Government Green Bond Programme
The Government served notices to the Legislative Council (LegCo) today (May 26) announcing its intention to introduce two resolutions under the Loans Ordinance to raise the borrowing limits of the Government Bond Programme (GBP) and the Government Green Bond Programme (GGBP), with a view to promoting the sustainable development of the local bond market.
One resolution seeks to raise the maximum amount of borrowings under the GBP from the current $200 billion to $300 billion, and the other resolution seeks to raise the maximum amount of borrowings under the GGBP from the current $100 billion to $200 billion.
The Secretary for Financial Services and the Treasury, Mr Christopher Hui, said, “The GBP and the GGBP have been serving the important function of promoting bond market development in Hong Kong through regular issuances of institutional, retail and green bonds. The two programmes have been well received by the market as evident in the oversubscription recorded for past issuances. We hope that, with the enlarged scale, they can cater for the increasing demand of local and international investors for high-quality government bonds. This will reinforce Hong Kong’s position as a leading bond market in Asia and strengthen our competitiveness as an international financial centre.
“A total of US$3.5 billion of green bonds has been successfully launched through two issuances under the GGBP so far. We will expand the scope of the GGBP so that the green bond proceeds can be used to fund a wider variety of green projects, allowing the Government to further tap into the green bond market to support the low-carbon transformation in Hong Kong, thereby consolidating Hong Kong’s position as a green finance hub in the region.
“Through regular issuances of retail bonds, citizens are provided with a safe investment choice of steady return. Apart from issuing inflation-linked retail bonds, the Government will also lower the eligible age for subscribing Silver Bond from 65 to 60 and issue retail green bonds in this financial year. We hope that the borrowing limits of the two programmes can be raised as soon as possible, thereby allowing more flexibility for the issuance arrangements in future.”
The GBP was established in 2009 with the policy objective of promoting the sustainable development of the local bond market through systematic issuances of government bonds. The GGBP was established in 2018 with the policy objective of promoting the development of green finance in Hong Kong.
Subject to the necessary legislative process, the Government will move the resolutions in LegCo on June 16. read more
HAD to open temporary night heat shelters
The Home Affairs Department will open 19 temporary night heat shelters tonight (May 26) for people in need of the service.
The shelters will be open from 10.30pm until 8am tomorrow.
For further information, please call the department’s hotline before midnight on 2572 8427.
The 19 night heat shelters are located at:
Hong Kong Districts:
———————
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 –
Wah Kwai Community Centre
Wah Kwai Estate, Kellett Bay
Wan Chai –
Wan Chai Activities Centre
LG/F, Wan Chai Market, 258 Queen’s Road East, Wan Chai
Kowloon Districts:
——————
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, Sham Shui Po
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 Districts:
————————–
Islands –
Tung Chung North Park (Zone B) Activity Room
29 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 –
King Lam Neighbourhood Community Centre
King Lam Estate, 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
The temporary night heat shelters will resume their functions as either community centres or community halls in the daytime for hire by the local community and cannot continue to be open as heat shelters. People may choose to take refuge from the heat during the daytime in the common areas in any of the 22 designated community centres or community halls. Their opening hours are from 9am to 10pm. For the addresses of the community centres and community halls, 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
HAD to open temporary night heat shelters
The Home Affairs Department will open 19 temporary night heat shelters tonight (May 26) for people in need of the service.
The shelters will be open from 10.30pm until 8am tomorrow.
For further information, please call the department’s hotline before midnight on 2572 8427.
The 19 night heat shelters are located at:
Hong Kong Districts:
———————
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 –
Wah Kwai Community Centre
Wah Kwai Estate, Kellett Bay
Wan Chai –
Wan Chai Activities Centre
LG/F, Wan Chai Market, 258 Queen’s Road East, Wan Chai
Kowloon Districts:
——————
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, Sham Shui Po
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 Districts:
————————–
Islands –
Tung Chung North Park (Zone B) Activity Room
29 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 –
King Lam Neighbourhood Community Centre
King Lam Estate, 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
The temporary night heat shelters will resume their functions as either community centres or community halls in the daytime for hire by the local community and cannot continue to be open as heat shelters. People may choose to take refuge from the heat during the daytime in the common areas in any of the 22 designated community centres or community halls. Their opening hours are from 9am to 10pm. For the addresses of the community centres and community halls, 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