Residential mortgage loans in negative equity: End of March 2026

Source: Hong Kong Government special administrative region – 4

The following is issued on behalf of the Hong Kong Monetary Authority:

The Hong Kong Monetary Authority announced today (April 30) the results of its survey on residential mortgage loans (RMLs) in negative equity at end-March 2026.
  
The estimated number of RMLs in negative equity was 11 424 cases at end-March 2026, down by 46.4 per cent from 21 304 cases at end-December 2025. These cases were mainly related to bank staff housing loans or RMLs under mortgage insurance programme, which generally have a higher loan-to-value ratio.
 
The aggregate value of RMLs in negative equity decreased by 47.8 per cent to HK$55 billion at end-March 2026, compared with HK$105.4 billion at end-December 2025.
 
The unsecured portion of these loans decreased to HK$2.8 billion at end-March 2026 from HK$6.2 billion at end-December 2025.
 
The three-month delinquency ratio of RMLs in negative equity remained at a low level of 0.5 per cent at end-March 2026, as compared to 0.31 per cent at end-December 2025.
 
It is important to note that the figures derived from this survey relate only to RMLs provided by authorized institutions on the basis of first mortgages and which the reporting institution knows to be in negative equity (i.e. the outstanding loan amount with the reporting institution exceeds the current market value of the mortgaged property). Not included in these figures are RMLs associated with co-financing schemes which would be in negative equity if the second mortgages were taken into account. The extent to which such RMLs are in negative equity is not known because authorized institutions do not maintain records on the outstanding balances of the second mortgages. 
 
The mortgage portfolios of the surveyed authorized institutions represent about 99 per cent of the industry total. The survey results have been extrapolated to estimate the position of the banking sector as a whole. 

Residential mortgage survey results for March 2026

Source: Hong Kong Government special administrative region – 4

The following is issued on behalf of the Hong Kong Monetary Authority:

The Hong Kong Monetary Authority announced the results of the residential mortgage survey for March 2026.
 
The number of mortgage applications in March increased month-on-month by 26.9 per cent to 10,311.
 
Mortgage loans approved in March increased by 38.6 per cent compared with February to HK$40.1 billion. Among these, mortgage loans financing primary market transactions increased by 55.9 per cent to HK$13.4 billion and those financing secondary market transactions increased by 36.1 per cent to HK$23.4 billion. Mortgage loans for refinancing increased by 5 per cent to HK$3.3 billion. 
 
Mortgage loans drawn down during March increased by 63.9 per cent compared with February to HK$26.9 billion. 
 
The ratio of new mortgage loans priced with reference to HIBOR decreased from 87.5 per cent in February to 83.7 per cent in March. The ratio of new mortgage loans priced with reference to best lending rates decreased from 1.9 per cent in February to 1.5 per cent in March.
 
The outstanding value of mortgage loans increased month-on-month by 0.4 per cent to HK$1,934.9 billion at end-March. 
 
The mortgage delinquency ratio stood at a low level of 0.13 per cent and the rescheduled loan ratio was unchanged at nearly 0 per cent.

Approved Kam Tin North Outline Zoning Plan referred back for amendment

Source: Hong Kong Government special administrative region – 4

The Town Planning Board announced today (April 30) that the Secretary for Development has referred the approved Kam Tin North Outline Zoning Plan (OZP) to the Board for amendment to reflect the latest land use proposals.  

The OZP incorporating the respective amendments will be exhibited for public inspection under the provisions of the Town Planning Ordinance.

The Kam Tin North OZP was last approved by the Chief Executive in Council in December 2023.

Appointments to Cantonese Opera Advisory Committee announced

Source: Hong Kong Government special administrative region

Appointments to Cantonese Opera Advisory Committee announced     
Professor Lui Yu-hon (Chairman)
Ms Susanna Cheng Wing-mui
Mr Cheung Kin-yip*
Ms Cheung Man-wai
Ms Choi Wai-shan (Mitche Choi)*
Mr Andrew Fung Hau-chung
Mr Nick Ip Ka-po
Mr Ko Wing-hei
Mr Li Qiuyuan
Professor Qin Rong
Mr Seto Yok (Loong Koon-tin)
Professor Tsui Lik-hang*
Mr Vong Seng-pan
Ms Janet Wong Kit-fong*
Mr Maurice Lee Wai-man (Chairman of the Cantonese Opera Development Fund Advisory Committee)
Representative of the Hong Kong Academy for Performing Arts
Representative of the Hong Kong Arts Development Council
Representative of the Hong Kong Tourism Board
Representative of the West Kowloon Cultural District Authority
Representative of the Culture, Sports and Tourism Bureau
Representative of the Education Bureau
Representative of the Leisure and Cultural Services DepartmentIssued at HKT 12:13

NNNN

Securities and Futures and Companies Legislation (Amendment) Ordinance 2021 (Commencement) Notice gazetted

Source: Hong Kong Government special administrative region – 4

To implement the uncertificated securities market (USM) regime, the Government published in the Gazette today (April 30) the Securities and Futures and Companies Legislation (Amendment) Ordinance 2021 (Commencement) Notice to appoint November 16, 2026, as the date on which Part 2 (except section 9(2)) and Part 5 of the Securities and Futures and Companies Legislation (Amendment) Ordinance 2021 come into operation.

The relevant provisions of the Amendment Ordinance set out the principal framework of the USM regime, which seeks to eliminate the need for paper documents in evidencing and transferring legal ownership of prescribed securities, enhancing the infrastructure, efficiency, competitiveness and investor protection of the securities market in Hong Kong by reducing reliance on paper and manual processes. 

The six pieces of subsidiary legislation made in 2025, which set out detailed arrangements of the regime, will also come into operation on the same date under their commencement provisions. They are:

(i) Securities and Futures (Uncertificated Securities Market) Rules (L.N. 15 of 2025); 
(ii) Securities and Futures (Approved Securities Registrars) Rules (L.N. 16 of 2025) (as amended by the Companies (Amendment) (No. 2) Ordinance 2025); 
(iii) Securities and Futures (Stock Market Listing) (Amendment) Rules 2025 (L.N. 17 of 2025); 
(iv) Securities and Futures (Open-ended Fund Companies) (Amendment) Rules 2025 (L.N. 18 of 2025); 
(v) Securities and Futures Ordinance (Amendment of Schedule 8) Order 2025 (L.N. 14 of 2025); and 
(vi) Securities and Futures Ordinance (Amendment of Schedule 5) Notice 2025 (L.N. 19 of 2025).

A spokesperson for the Financial Services and the Treasury Bureau said, “The Government has been in close collaboration with the Securities and Futures Commission, the Hong Kong Exchanges and Clearing Limited, the Federation of Share Registrars Limited and the industry to steadily take forward the preparation for the USM regime in a prudent manner, which is now in its final stage. The implementation of the USM regime will enhance the efficiency and infrastructure of the Hong Kong securities market, as well as provide better investor protection and transparency. The regime will help consolidate and enhance Hong Kong’s competitiveness and status as an international financial centre.”

The Commencement Notice will be tabled before the Legislative Council on May 6.

Intercountry Adoption (Contracting States) (Amendment) Order 2026 gazetted

Source: Hong Kong Government special administrative region – 4

     The Intercountry Adoption (Contracting States) (Amendment) Order 2026 made by the Secretary for Labour and Welfare under section 20D of the Adoption Ordinance (Cap. 290) was published in the Gazette today (April 30).

     The Amendment Order seeks to add six Contracting States to the Hague Convention on Protection of Children and Co-operation in Respect of Intercountry Adoption to the Schedule to the Intercountry Adoption (Contracting States) Order (Cap. 290 sub. leg. C) so that the Convention applies to an adoption between the Hong Kong Special Administrative Region (HKSAR) and any of these six Contracting States in relation to an application made under the Convention. The six Contracting States are the Republic of Angola, the Republic of Botswana, the Republic of the Congo, Republic of Korea, the Republic of Niger, and the Federation of Saint Kitts and Nevis. In accordance with the Convention, the Convention has had effect between the HKSAR and these six Contracting States since the following dates:
 

The Republic of Angola July 1, 2024
The Republic of Botswana March 1, 2023
The Republic of the Congo April 1, 2020
Republic of Korea October 1, 2025
The Republic of Niger September 1, 2021
The Federation of Saint Kitts and Nevis February 1, 2021

 
     The Convention sets out, inter alia, a framework for international co-operation in intercountry adoptions. The implementation of the Convention in the HKSAR is governed by the Adoption Ordinance. The Convention is currently in force in 107 states.

Appointments to Public Libraries Advisory Committee announced

Source: Hong Kong Government special administrative region – 4

The Government announced today (April 30) the appointments and reappointments to the Public Libraries Advisory Committee (PLAC) for a term from May 1, 2026, to April 30, 2028.

The PLAC advises the Government on the development of public libraries in Hong Kong, including the formulation of strategies and measures for the development of library facilities and services; the role, functions and management of the Hong Kong Central Library; and the encouragement of community support and partnership with different sectors in promoting reading, lifelong learning and literary arts.

The membership list of the new term of the PLAC is as follows:
 

Chairperson: Ms Shirley Marie Therese Loo
Vice-chairperson: Ms Linda Choy Siu-min
Members: Ms Joanne Chan Jo-win
Ms Rowena Cheung Po-man*
Ms Ho Ka-man
Ms Hsu Siu-man
Professor Morris Jong Siu-yung
Ms Kwok Kavin Natalie*
Mr Edmond Lai Shiao-bun
Ms Tendy Lam Pui-tung
Ms Elaine Leung Wai-yin
Mr Lo Kwok-leung*
Ms Susanna Lo Sui-lan
Ms Erica Ma Yun
Dr Rizwan Ullah
Mr Alvin Wan Chi-lun
Dr Shirley Wong Chiu-wing
Dr Jimmy Wong Kam-yiu
Ms Wong May-kwan
Ms Zhang Ti*
Representative of the Culture, Sports and Tourism Bureau
Representative of the Education Bureau
Representative of the Government Records Service
Representative of the Leisure and Cultural Services Department

*Newly appointed members

​A spokesman for the Culture, Sports and Tourism Bureau expressed gratitude to the four outgoing members (Ms Chan Yuk-yin, Dr Felix Chow Bok-hin, Mr Choy Sai-hung and Professor Chui Yat-hung) for their valued support and contributions to the work of the PLAC over the past years.

Hong Kong Youth Symphonic Band Annual Concert “Peter and the Wolf | Music Speaks, Stories Unfold” to be held May 30

Source: Hong Kong Government special administrative region – 4

     The Hong Kong Youth Symphonic Band (HKYSB) of the Music Office (MO) under the Leisure and Cultural Services Department will hold its annual concert entitled “Peter and the Wolf | Music Speaks, Stories Unfold” at 7.30pm on May 30 (Saturday) at the Auditorium of Sha Tin Town Hall. 

     The concert will be conducted by MO instructors Lee Sing-wan and Kevin Ling. The HKYSB will perform a band arrangement of the renowned children’s musical tale “Peter and the Wolf”, with radio programme presenter Eunice Chow serving as guest narrator.

     Other programme highlights include the vibrant melodies of the cinematic scores of “The Wizard of Oz”; a dramatic portrayal of the biblical “Noah’s Ark”; the heroic Chinese legend “Hou Yi Shooting the Sun”; and the magical and humorous “The Sorcerer’s Apprentice”.

     The HKYSB was formed in 1978 with the aim of nurturing young musicians and arousing greater interest in symphonic band music in Hong Kong. The Band currently has over 60 members and recruits annually by open audition. It has performed in Hong Kong and overseas, winning much acclaim.

     Tickets priced at $80, $100 and $130 are now available at URBTIX (www.urbtix.hk). For telephone bookings, please call 3166 1288. For programme enquiries and concessionary schemes, please call 2796 1003 or 3842 7784 or visit www.lcsd.gov.hk/musicoffice.

2026 Rural Representative Election voter registration campaign starts

Source: Hong Kong Government special administrative region – 4

​The 2026 voter registration campaign for the Rural Representative Election (RRE) was launched today (April 30), with a view to encouraging eligible persons to register as electors and registered electors to update their registration particulars.

The Home Affairs Department (HAD) appeals to all eligible persons who have not registered as electors to sign up by June 16, so that their registration particulars can be included in the provisional register to be published in August this year and so that they can cast their votes in the Rural Ordinary Election to be held in early 2027. Registered electors are not required to register again, but those who need to update their registered particulars should also submit their applications for change of registration particulars by June 16.

There are three types of Rural Representatives, namely Indigenous Inhabitant Representatives (IIRs), Resident Representatives (ReRs) and Kaifong Representatives (KFRs). An IIR, returned by indigenous inhabitants, their spouses or surviving spouses of an Indigenous Village/Composite Indigenous Village, is to reflect views on the village affairs on behalf of its indigenous inhabitants, and to deal with affairs relating to the lawful traditional rights and interests, and the traditional way of life of those indigenous inhabitants. An ReR, returned by residents (both indigenous and non-indigenous inhabitants) residing in an Existing Village, is to reflect views on the village affairs on behalf of its residents. A KFR, returned by residents residing in a Market Town (i.e. Cheung Chau and Peng Chau), is to reflect views on the affairs of the Market Town on behalf of its residents.

     “As the eligibility requirements for registration as electors vary for these elections, applicants should ascertain whether they meet the relevant requirements before registration,” an HAD spokesman said.

     “Indigenous inhabitants, their spouses or surviving spouses, aged 18 or above and holding recognised identity documents, are eligible to be registered as electors in the IIR Election of an Indigenous Village/Composite Indigenous Village. 

     “For registration as an elector in the ReR Election and the KFR Election, one must be a Hong Kong permanent resident aged 18 or above and have been a resident of the Existing Village or Market Town for the three years immediately preceding the date of application for registration, and whose address in the Village or Market Town is his or her principal residential address. Principal residential address means the address of the dwelling place at which the person resides and which constitutes the person’s sole or main home. For verification of their eligibility for registration, proof of address is required both for applicants seeking new registration and registered electors seeking to change the principal residential address. For applicants who fail to submit valid documentary proof of address, their applications will not be processed.

     “Indigenous inhabitants, their spouses or surviving spouses who have been residing in an Existing Village or a Market Town for the three years immediately preceding the date of application for registration and meet the eligibility requirements for electors in the relevant election may register as electors for both the IIR Election and the ReR Election or the KFR Election through the submission of two separate applications for voter registration.”

The spokesman stressed that registered electors of the ReR Election and the KFR Election are not eligible to remain so registered if they no longer reside in the Village/Market Town for which they are registered, or their residential addresses in the Village/Market Town concerned are no longer their principal residential addresses. The persons concerned will commit an offence if they vote at the relevant election.

Members of the public may visit the RRE Voter Registration Information Enquiry System through the RRE website (www.had.gov.hk/rre) to check their own registration particulars.  

Application forms for new voter registration and change of registration particulars by an elector can be downloaded from the RRE website, or obtained from Home Affairs Enquiry Centres and offices of the Hong Kong Special Administrative Region Government outside Hong Kong.

Duly completed and signed forms can be submitted by post to the HAD, by fax (fax number: 2591 6392), by email (rre@had.gov.hk), via the E-submission Platform at the RRE website, or in person to any Home Affairs Enquiry Centre on or before the deadline specified above (Hong Kong time).

The HAD will roll out the voter registration campaign through the RRE website, posters, banners, government TV and radio Announcements in the Public Interest, newspaper advertisements and more to encourage eligible persons to register as electors and remind registered electors to update their registration particulars by the deadline.

For enquiries, please call the RRE hotline at 2152 1521. 

Proposed Northern Metropolis Highway (San Tin Section) gazetted

Source: Hong Kong Government special administrative region – 4

The Government gazetted today (April 30) the proposed Northern Metropolis Highway (San Tin Section) with a view to meeting the increasing traffic demand and connecting various new development areas within the Northern Metropolis.

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

North Home Affairs Enquiry Centre,
G/F, North District Government Offices,
3 Pik Fung Road, Fanling, New Territories

Yuen Long Home Affairs Enquiry Centre,
G/F, Yuen Long District Office Building,
269 Castle Peak Road, Yuen Long, New Territories

District Lands Office, North,
6/F, North District Government Offices,
3 Pik Fung Road, Fanling, New Territories

District Lands Office, Yuen Long,
9/F, Yuen Long Government Offices,
2 Kiu Lok Square, Yuen Long, New Territories

The gazette notice, scheme, plans, resumption plan, plan for creation of rights of temporary occupation of land 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 June 29, 2026.