Tag Archives: China

     The Government gazetted today (February 14) the proposed road works in Tseung Kwan O to cater for the development at Tseung Kwan O Area 137 and off Area 132.

     Details of the proposal are set out in the Annex. The plans and scheme of the works are available for public inspection at the following government offices during office hours:

Central and Western Home Affairs Enquiry Centre,
G/F, Harbour Building,
38 Pier Road, Central, Hong Kong

Sai Kung Home Affairs Enquiry Centre,
G/F, Sai Kung Tseung Kwan O Government Complex,
38 Pui Shing Road, Hang Hau, Tseung Kwan O, New Territories

District Lands Office, Sai Kung,
3/F, Sai Kung Government Offices,
34 Chan Man Street, Sai Kung, New Territories

     The gazette notice, scheme, plans and location plan are available at www.tlb.gov.hk/eng/publications/transport/gazette/gazette.html.

     Any person who wishes to object to the works or the use, or both, is required to address to the Secretary for Transport and Logistics an objection in writing, which can be submitted via the following means:

• By post or by hand to the Transport and Logistics Bureau’s Drop-in Box No. 6 located at the entrance on 2/F, East Wing, Central Government Offices, 2 Tim Mei Avenue, Tamar, Hong Kong. The box is available for use between 8am and 7pm from Monday to Friday (except public holidays);
• By fax to 2868 4643; or
• By email to gazettetlb@tlb.gov.hk.

     A notice of objection should describe the objector’s interest and the manner in which he or she alleges that he or she will be affected by the works or the use. Objectors are requested to provide contact details to facilitate communication. A notice of objection should be delivered to the Secretary for Transport and Logistics not later than April 15, 2025. read more

     Six pieces of subsidiary legislation setting out detailed operational and regulatory matters of the uncertificated securities market (USM) regime were gazetted today (February 14), with a view to enhancing the efficiency and infrastructure of the Hong Kong securities market, as well as providing better investor protection and transparency. A spokesman for the Financial Services and the Treasury Bureau said the implementation of the USM regime would reinforce Hong Kong’s competitiveness and status as an international financial centre.
 
     The subsidiary legislation are for the implementation of the USM regime, which is meant to remove the need of using paper documents to evidence and effect transfers of legal title to securities. The six pieces consist of:

(i)     Securities and Futures (Uncertificated Securities Market) Rules;
(ii)    Securities and Futures (Approved Securities Registrars) Rules;
(iii)   Securities and Futures (Stock Market Listing) (Amendment) Rules 2025;
(iv)   Securities and Futures (Open-ended Fund Companies) (Amendment) Rules 2025;
(v)    Securities and Futures Ordinance (Amendment of Schedule 8) Order 2025; and
(vi)   Securities and Futures Ordinance (Amendment of Schedule 5) Notice 2025.
 
     The spokesman said, “In collaboration with the industry, the Government and the Securities and Futures Commission (SFC) have formulated details on the operational and regulatory arrangements for the USM regime and the subsidiary legislation. Extensive market consultations were also conducted by the SFC on the subsidiary legislation, codes and guidelines under the USM regime with consultation conclusions published last July.”
 
     The subsidiary legislation will be tabled before the Legislative Council for negative vetting on February 19. Subject to vetting, the legislation will come into operation on a date to be appointed by the Secretary for Financial Services and the Treasury in the form of a Gazette notice. read more

Attention TV/radio announcers: Please broadcast the following as soon as possible:      Here is an item of interest to swimmers.      The Leisure and Cultural Services Department announced today (February 14) that… read more

     â€‹To facilitate the preparation for the operation of The Chinese Medicine Hospital of Hong Kong (CMHHK), the Government published The Chinese Medicine Hospital of Hong Kong Bill in the Gazette today (February 14) to make … read more

     The Marine Department (MD) announces today (February 14) the implementation of the amended Merchant Shipping (Registration) (Fees and Charges) Regulations (Cap. 415A) to allow eligible ships to apply for a refund under the Block Registration Incentive Scheme, with a view to attracting more shipowners to register their ships in Hong Kong. 
 
     The Scheme is one of the proposed action measures in the Action Plan on Maritime and Port Development Strategy promulgated by the Government in December 2023 to support the sustainable development needs of the maritime and port industry in Hong Kong, with a view to enhancing the long-term competitiveness of the industry. Under the Scheme, if more than one eligible ship is registered with the Hong Kong Shipping Registry (HKSR) within 24 months, the owners of the ships concerned may be provided with a refund of the ship registration fee and the first-year annual tonnage charge. One application may cover ships of different shipowners and may be submitted by a shipowner, ship manager or ship agent.
 
     A spokesperson for the MD said, “The gross tonnage of Hong Kong-registered ships ranks as the fourth largest in the world. Although the current registration fee of the HKSR is highly competitive, we have noticed that some other major flag administrations have already rolled out block registration incentives. We thus deem it necessary to launch a similar scheme in Hong Kong, with a view to further strengthening the HKSR’s competitiveness and fostering our leading position among shipping registries in the world.”
 
     The gazette of the proposed legislative amendments to Cap. 415A was published on December 13, 2024, and tabled at the Legislative Council on December 18 of the same year for negative vetting, and is scheduled to be implemented on February 14, 2025.
 
     The MD will actively reach out to shipowners and shipping-related companies to promote the Scheme through its network on the Mainland and overseas. Moreover, the MD has produced a leaflet to promote the work of the HKSR and introduce details of the Scheme. For details, please visit the MD’s official website at www.mardep.gov.hk/filemanager/en/share/publications/pdf/materials/hksr.pdf or download the application form for the Scheme at www.mardep.gov.hk/filemanager/en/share/forms/pdf/md742.pdf. read more