HKEX chairman reappointed

Source: Hong Kong Information Services

The Chief Executive has approved the reappointment of Carlson Tong as Chairman of the Hong Kong Exchanges & Clearing Limited (HKEX) with immediate effect.

Mr Tong was re-elected HKEX Chairman by the directors at the board meeting on April 30. The Chief Executive granted approval under the Securities & Futures Ordinance.

Financial Secretary Paul Chan said under the leadership of Mr Tong, HKEX took forward various reforms, including enhancing the listing vetting process, implementing the specialist technology listing channel, establishing the Technology Enterprises Channel, and launching the trading arrangement under severe weather.

Mr Chan also expressed confidence that with Mr Tong’s leadership, HKEX will continuously strive to enhance the competitiveness of Hong Kong’s capital market and consolidate the city’s status as a global leading international financial centre.

Mr Tong’s chairmanship will coincide with his term of appointment as an HKEX board member, due to conclude at the end of the 2027 HKEX annual general meeting.

Tender of one-year HONIA-indexed Floating Rate Notes to be held on May 14

Source: Hong Kong Government special administrative region

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 8) that a tender of 1-year HONIA-indexed Floating Rate Notes (Notes) under the Infrastructure Bond Programme will be held on Wednesday, May 14, 2025, for settlement on Thursday, May 15, 2025.

A total of HK$1.5 billion 1-year HKD Notes will be tendered. The Notes will mature on May 15, 2026 and will carry interest indexed to the Hong Kong Dollar Overnight Index Average (HONIA), payable quarterly in arrear.

Tender is open only to Primary Dealers appointed under the Infrastructure Bond Programme. Anyone wishing to apply for the Notes on offer can do so through any of the Primary Dealers on the latest published list, which can be obtained from the Hong Kong Government Bonds 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 Hong Kong Government Bonds website, Bloomberg (GBHK ) and Refinitiv (IBPGSBPINDEX). The publication time is expected to be no later than 3pm on the tender day.

HKSAR Institutional Government Bonds tender information

Tender information of 1-year HONIA-indexed Floating Rate Notes:
 

Issue Number : 01GH2605001
Stock Code : 4292 (HKGB FRN 2605)
Tender Date and Time : Wednesday, May 14, 2025
9.30am to 10.30am
Issue and Settlement Date : Thursday, May 15, 2025
Amount on Offer : HK$1.5 billion
Issue Price : At par
Maturity : 1 year
Maturity Date : Friday, May 15, 2026
Interest Rate : Indexed to the sum of the annualised compounded average of daily HONIA in each interest period and the highest accepted spread at tender, subject to a minimum of 0 per cent per interest period. Details on calculation of interest rate are available at the Institutional Issuances Information Memorandum of the Infrastructure Bond Programme and Government Sustainable Bond Programme (Information Memorandum) published on the Hong Kong Government Bonds website.
Interest Period End Dates : August 15, 2025
November 17, 2025
February 16, 2026
May 15, 2026
Interest Payment Dates : August 19, 2025
November 19, 2025
February 18, 2026
May 19, 2026
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 Notes must be submitted through a Primary Dealer on the latest published list.
Other Details : Please see the Information Memorandum available on the Hong Kong Government Bonds website or approach Primary Dealers.
Expected commencement date of dealing on
the Stock Exchange
of Hong Kong Limited
: Friday, May 16, 2025
Use of Proceeds : The Notes will be issued under the institutional part of the Infrastructure Bond Programme. Proceeds will be invested in infrastructure projects in accordance with the Infrastructure Bond Framework published on the Hong Kong Government Bonds website.

Tender of 5-year HKD HKSAR Institutional Government Bonds to be held on May 14

Source: Hong Kong Government special administrative region

Tender of 5-year HKD HKSAR Institutional Government Bonds to be held on May 14 

Issue Number9.30 am to 10.30 amthe Stock Exchange
of Hong Kong Limited 
 Issued at HKT 18:51

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Tender for re-opening of 15-year HKD HKSAR Institutional Government Bonds to be held on May 14

Source: Hong Kong Government special administrative region

Tender for re-opening of 15-year HKD HKSAR Institutional Government Bonds to be held on May 14 
An additional amount of HK$0.5 billion of the outstanding 15-year Bonds (issue no. 15GB3912001) will be on offer. The Bonds will mature on December 5, 2039 and will carry interest at the rate of 3.75 per cent per annum payable semi-annually in arrear. The Indicative Pricings of the Bonds on May 8, 2025 are 104.23 with an annualised yield of 3.409 per cent.
 
Tender is open only to Primary Dealers appointed under the Infrastructure Bond Programme. Anyone wishing to apply for the Bonds on offer can do so through any of the Primary Dealers on the latest published list, which can be obtained from the Hong Kong Government Bonds website at www.hkgb.gov.hk 
Tender results will be published on the HKMA’s website, the Hong Kong Government Bonds website, Bloomberg (GBHK ) and Refinitiv (IBPGSBPINDEX). The publication time is expected to be no later than 3pm on the tender day.
 
HKSAR Institutional Government Bonds Tender Information 

Issue Number9.30am to 10.30amThe accrued interest to be paid by successful bidders on the issue date (May 15, 2025) for the tender amount is 827.05 per minimum denomination of HK$50,000.
(The accrued interest to be paid for tender amount exceeding HK$50,000 may not be exactly equal to the figures calculated from the accrued interest per minimum denomination of HK$50,000 due to rounding).
 the Stock Exchange
of Hong Kong LimitedIssued at HKT 18:50

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Chief Executive approves chairmanship of HKEX

Source: Hong Kong Government special administrative region

Chief Executive approves chairmanship of HKEX 
     The approval was made under the Securities and Futures Ordinance (SFO) (Cap. 571). The conclusion of Mr Tong’s chairmanship will coincide with the completion of his term of appointment as a member of the Board of Directors of the HKEX at the end of the 2027 Annual General Meeting of the HKEX.
 
     The Financial Secretary, Mr Paul Chan, said, “Under the leadership of Mr Tong, the HKEX took forward various reforms, including enhancing the listing vetting process, implementing the specialist technology listing channel, establishing the Technology Enterprises Channel, and launching the trading arrangement under severe weather. I am confident that with Mr Tong’s leadership, the HKEX will continuously  
     Mr Tong was re-elected as Chairman of the HKEX by the directors at the board meeting on April 30, 2025. The HKEX is a recognised exchange controller under the SFO. Section 69(1) of the SFO provides that no person shall be the chairman of a company which is a recognised exchange controller unless he has the approval in writing of the Chief Executive.
Issued at HKT 18:18

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Hong Kong hosts first 6G Global Summit in Asia-Pacific region to explore future of next-generation communications (with photos)

Source: Hong Kong Government special administrative region

Hong Kong hosts first 6G Global Summit in Asia-Pacific region to explore future of next-generation communications  
With the support of the Hong Kong Special Administrative Region Government, the Communications Authority (CA), which is the statutory regulator for the telecommunications industry, is hosting the Summit in a hybrid format today and tomorrow (May 9). The prominent international conference attracted over 600 participants from more than 80 countries, including high-level representatives from policymakers, regulatory bodies, international organisations, telecommunications operators and corporations, as well as industry experts and scholars.
 
In his keynote speech at the Summit, the Secretary for Commerce and Economic Development, Mr Algernon Yau, said that Hong Kong’s hosting of the Summit not only reflects the city’s long-standing stature as a global and regional telecommunications hub, but also underscores the Government’s commitment to driving innovation and fostering collaboration in this transformative field.
 
Mr Yau highlighted Hong Kong’s highly acclaimed position in leading the development of 6G, with the city’s telecommunications market being one of the most advanced and dynamic in the world and having a proven track record of embracing innovation and driving connectivity. He also shared with the audience Hong Kong’s various achievements in telecommunications, which showcase the city’s readiness to embrace the future of telecommunications.
 
Mr Yau stressed that the Government is fully committed to fostering a conducive environment that drives technological advancement and prepares Hong Kong for the 6G era. These include releasing suitable spectrum through auctions to support the development of advanced mobile communication services, exploring further facilitation measures from telecommunications perspectives to support the development of the low-altitude economy, and conducting a review on streamlining the licensing procedures of Low Earth Orbit satellites to enhance Hong Kong’s competitiveness in satellite development.
 
Addressing the opening ceremony this morning, the Director-General of Communications, Mr Chaucer Leung, said that the first set of technical standards for 6G is expected to be finalised in 2029 so that commercial service can be introduced in 2030, adding that the Summit serves as an opportunity for the participants to delve into various key aspects of 6G and have better preparation for it.
 
Delivering his keynote speech in the afternoon session, the Chairman of the CA, Mr Jenkin Suen, outlined the roles and functions of the CA, and emphasised Hong Kong’s unique role as the gateway between Mainland China and the rest of the world. “Being a telecommunications hub in the Asia-Pacific region and a gateway to Mainland China, Hong Kong is an ideal place for exploring, developing and deploying the new generation of mobile technology,” Mr Suen said.
 
Over the two days, the Summit will feature discussions on the key priorities shaping 6G developments, including standardisation, technological innovations, sustainability and potential applications, as well as the strategic role of the Asia-Pacific region and the opportunities presented by a more connected and intelligent global network. In addition to the main programme, the Summit also includes a networking reception hosted by the Communications Association of Hong Kong. Details of the Summit are available at www.global6gsummit.com 
First held as a virtual conference in 2022 by Forum Global, the Summit has entered its fourth edition this year. The previous two editions were held in Bahrain in 2023 and the United Kingdom in 2024.
Issued at HKT 17:42

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Singapore ETO enhances ties with Laos (with photos)

Source: Hong Kong Government special administrative region

     The Hong Kong Economic and Trade Office in Singapore (Singapore ETO) concluded an official visit to Vientiane, the capital of Laos, between May 6 and 7 (Vientiane time). The visit aimed to deepen understanding and collaboration with the Laotian government and business sectors, while further strengthening bilateral relations in trade, investment, and people-to-people exchanges.

     Upon arrival on May 6, the Director of the Singapore ETO, Mr Owin Fung, met with the Director-General of the Department of Asia-Pacific and Africa, Laos’ Ministry of Foreign Affairs, Mr Bounthanongsack Chanthalath, to introduce Hong Kong’s latest developments. Both sides exchanged views on the current economic and geopolitical landscape, and explored opportunities to further enhance co-operation and deepen the Hong Kong – Laos bilateral relations.

     Members of the Singapore ETO also visited Vientiane Secondary School to learn about the implementation of a memorandum of understanding (MOU) signed between the school and the Hong Kong Polytechnic University. The MOU, announced by the Chief Executive, Mr John Lee, last July during his visit to the school, offers a dedicated scholarship programme for outstanding students at Vientiane Secondary School.

     On May 7, the Singapore ETO organised a business seminar and networking event “Business and Investment Opportunities in Hong Kong – Gateway to Greater Bay Area” in collaboration with Invest Hong Kong (InvestHK) and the Hong Kong Trade Development Council (HKTDC). The event attracted about 70 local business leaders and investors, including executive committee members of the Lao National Chamber of Commerce and Industry (LNCCI) and the Lao Chinese Chamber of Commerce (LCCC), which were the event’s supporting organisations. The Commissioner for the Development of the Guangdong-Hong Kong-Macao Greater Bay Area, Ms Maisie Chan, also participated in the event. 

     In his opening remarks, Mr Fung emphasised Hong Kong’s position as a leading international financial, trading, and logistics hub under the “one country, two systems” framework. He reiterated Hong Kong’s strong commitment to multilateralism and free trade.

     Other speakers included Assistant Commissioner for the Development of the Guangdong-Hong Kong-Macao Greater Bay Area Miss Cathy Li; the Head of Investment Promotion (Singapore Office), InvestHK, Mr Melvin Lee; and the Director of Indochina at the HKTDC, Ms Tina Phan. They shared insights into Hong Kong’s latest investment climate and opportunities in Hong Kong and the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), Hong Kong’s role as a “super-connector” and a “super value-adder” between the GBA and Laos, as well as the range of support services available to Laotian enterprises. Following the seminar, representatives of Singapore ETO, the GBA Development Office, the LNCCI and the LCCC had a networking lunch to explore avenues for stronger co-operation in trade and commerce.

     Later that afternoon, Ms Chan and Mr Fung had a working meeting with the Permanent Secretary, Laos Ministry of Industry and Commerce, Dr Buavanh Vilavong. Both sides expressed confidence in the partnership between Hong Kong and Laos business communities which would promote greater regional integration and sustainable economic growth. Mr Fung also sought continued support for Hong Kong’s accession to the Regional Comprehensive Economic Partnership. 

     Before the end of the duty visit, Ms Chan and Mr Fung paid a courtesy call on the Ambassador Extraordinary and Plenipotentiary of the People’s Republic of China to the Lao People’s Democratic Republic, Ms Fang Hong, to introduce respectively the GBA Development Office’s latest work and Singapore ETO’s efforts and achievements in liaising with the Laos government, business sector and community. Mr Fung also thanked the Embassy for its continuous care and assistance to Hong Kong people in Laos and Hong Kong enterprises investing in Laos.

                    

Appointment of non-permanent judge from another common law jurisdiction of Court of Final Appeal

Source: Hong Kong Government special administrative region

The following is issued on behalf of the Judiciary:
 
Chief Justice Andrew Cheung, Chief Justice of the Court of Final Appeal, today (May 8) welcomed the acceptance by the Chief Executive of the recommendation of the Judicial Officers Recommendation Commission on the appointment of the Honourable Sir William Gillow Gibbes Austen Young as a non-permanent judge from another common law jurisdiction of the Court of Final Appeal. The Chief Justice noted that the Government would be seeking the endorsement of the Legislative Council of the recommended appointment.
 
The Hong Kong Court of Final Appeal Ordinance (Cap. 484) provides for a list of non-permanent Hong Kong judges and a list of judges from other common law jurisdictions. Currently, there are four non-permanent Hong Kong judges and five non-permanent judges from other common law jurisdictions. The maximum number of non-permanent judges is 30. In hearing and determining an appeal, the Court of Final Appeal is constituted by five judges, i.e. the Chief Justice, three permanent judges and one non-permanent Hong Kong judge or one non-permanent judge from another common law jurisdiction.

The recommended appointment of Sir William Young to the Hong Kong Court of Final Appeal will increase the number of non-permanent judges from other common law jurisdictions from five to six. This will provide greater flexibility in dealing with the caseload of the Court of Final Appeal.

Senior judicial appointment: non-permanent judge from another common law jurisdiction of the Court of Final Appeal

Source: Hong Kong Government special administrative region

The Chief Executive, Mr John Lee, has accepted the recommendation of the Judicial Officers Recommendation Commission (JORC) on the appointment of the Honourable Sir William Gillow Gibbes Austen Young as a non-permanent judge from another common law jurisdiction of the Court of Final Appeal. Subject to the endorsement of the Legislative Council, the Chief Executive will make the appointment under Article 88 of the Basic Law and section 9 of the Hong Kong Court of Final Appeal Ordinance (Cap. 484).

Mr Lee said, “I am pleased to accept the JORC’s recommendation on the appointment of Sir William Young as a non-permanent judge from another common law jurisdiction of the Court of Final Appeal. Sir William Young retired from the judicial office of Permanent Judge of the Supreme Court of New Zealand, New Zealand’s final court of appeal, in April 2022. He is a judge of eminent standing and reputation. I am confident that he will contribute substantively to the Court of Final Appeal.

     “With the appointment of Sir William Young, the list of non-permanent judges from other common law jurisdictions will consist of six eminent judges from the United Kingdom, Australia and New Zealand. The presence of these esteemed overseas jurists as non-permanent judges of the Court of Final Appeal is a manifestation of the independence of the Judiciary in the Hong Kong Special Administrative Region (HKSAR) as protected by the Basic Law. Their participation demonstrates a high degree of confidence in the HKSAR’s judicial system, and enables Hong Kong to maintain strong links with other common law jurisdictions. I am fully confident that these distinguished jurists from overseas with profound judicial experience will remain as a unique strength of the HKSAR’s judicial system.”  
 
Article 90 of the Basic Law and section 7A of the Ordinance provide that the Chief Executive shall obtain the endorsement of the Legislative Council on the appointment of judges of the Court of Final Appeal. The Government will seek the endorsement of the Legislative Council of the recommended appointment in due course.

The curriculum vitae of Sir William Young is at the Annex.