Siu Sai Wan Swimming Pool to reopen on July 27

Source: Hong Kong Government special administrative region – 4

     The Leisure and Cultural Services Department (LCSD) announced today (June 17) that Siu Sai Wan Swimming Pool in Eastern District will reopen on July 27 upon completion of the annual maintenance works. During the maintenance period, members of the public may use similar facilities in the same district.
      
     The LCSD announced on March 31 that Siu Sai Wan Swimming Pool would be temporarily closed for annual maintenance works. The closure takes longer than expected for carrying out urgent ceiling repair works. 

Government welcomes passage of Inland Revenue (Amendment) (Automatic Exchange of Information) Bill 2026

Source: Hong Kong Government special administrative region

Government welcomes passage of Inland Revenue (Amendment) (Automatic Exchange of Information) Bill 2026      
     Since 2018, Hong Kong has been conducting automatic exchange of financial account information in relation to tax matters with partner tax jurisdictions on an annual basis, in accordance with the Common Reporting Standard developed by the Organisation for Economic Co-operation and Development (OECD) and on the premise of data confidentiality and security. This enables the relevant tax authorities to conduct assessments on their tax residents for detecting and combatting cross-border tax evasion.
      
     In light of the comments made by the OECD after conducting the peer review on Hong Kong’s implementation of the AEOI regime earlier, the Government agrees that there is a need to enhance the relevant administrative framework. Starting from January 1 next year, new requirements will be implemented, including requiring reporting financial institutions to register with the Inland Revenue Department (IRD) for strengthening identification, enhancing the requirements on financial institutions for keeping due diligence records, and raising the penalties to increase deterrence.
      
     The Secretary for Financial Services and the Treasury, Mr Christopher Hui, said, “Hong Kong has all along been supporting international efforts in enhancing tax transparency and combatting cross-border tax evasion. As an international financial centre, Hong Kong has an obligation to enhance the AEOI administrative framework to address the OECD’s views. This will also help Hong Kong maintain a favourable rating in the peer review and boost the confidence of other tax jurisdictions in Hong Kong’s tax system. This will be conducive to Hong Kong’s expansion of the Comprehensive Avoidance of Double Taxation Agreement network, which will provide Hong Kong businesses with greater tax certainty and avoidance of double taxation when expanding their businesses overseas.”
      
     To assist the industry in adapting to the new requirements and enhance tax certainty, the IRD will issue relevant guidance and maintain communication with the industry to provide technical support and answer enquiries.
Issued at HKT 16:55

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LCQ17: Measures to facilitate elderly persons to retire in the Mainland

Source: Hong Kong Government special administrative region

     Following is a question by the Hon Chan Cho-kwong and a written reply by the Secretary for Health, Professor Lo Chung-mau, in the Legislative Council today (June 17):

Question:(ii) of the number of elderly participants in the Scheme who had to return to Hong Kong for medical treatment, referral or hospitalisation due to health reasons in the past 12 months; (iii) whether the Government has reviewed the liaison and referral arrangements between the RCHs participating in the Scheme and the healthcare system in Hong Kong; if so, of the results; if not, the reasons for that;

LCQ21: Tax policy relating to e-commerce

Source: Hong Kong Government special administrative region

LCQ21: Tax policy relating to e-commerce 
Question:
 
     There are views suggesting that as e-commerce has become a core growth engine for the retail industry worldwide, online shopping has deeply integrated into the daily consumption patterns of local people. According to data from the Census and Statistics Department, the value of local online retail sales in 2025 was provisionally estimated at $35.7 billion, but the failure of the existing tax regime to effectively cover the economic activities arising from the provision of goods and services to local consumers by cross-boundary e-commerce platforms outside the territory has resulted in base erosion and unfair competition between local merchants and merchants outside the territory. In this connection, will the Government inform this Council:
 
(1) whether the authorities have conducted systematic surveys and compiled statistics on the transaction scale, product categories, major places of origin and growth trends regarding cross-boundary online shopping undertaken by local residents in recent years; if so, of the details; if not, whether the authorities will conduct the relevant survey in the future;
 
(2) given that under the Inland Revenue Ordinance (Cap. ‍112), profits tax shall be charged on any person carrying on a trade, profession or business in Hong Kong in respect of the profits arising in or derived from Hong Kong, and the relevant requirement is likewise applicable to transactions involving online shops, e-commerce platforms and the digital economy, whether the authorities have compiled a statistical breakdown of the amount and percentage of profits tax revenue attributable to businesses relating to e-commerce and the digital economy in the past three years of assessment; if so, of the details; if not, whether they will establish the relevant mechanism for compiling the relevant statistical breakdown in the future;
 
(3) whether the Inland Revenue Department (IRD) has formulated dedicated procedures for verifying business registration and conducting taxation audits in respect of businesses operated through the Internet, so as to ensure that the relevant merchants comply with the requirements under the Business Registration Ordinance (Cap. ‍310) and the Inland Revenue Ordinance to truthfully declare their income and pay the amount of tax payable; if so, set out (i) the total number of cases involving IRD’s spot checks on business registration over the past three years, and the number and proportion of cases involving online shops and e-commerce businesses, and (ii) ‍in such spot checks, the number of cases found with breaches of business registration requirements, tax evasion or omission of any sum from a tax return, and the total amount of additional tax and penalties involved;
 
(4) whether the authorities have charged profits tax on cross-boundary e-‍commerce platforms outside the territory that do not have a physical place of business in Hong Kong but provide local consumers with goods or services; if so, set out the amount of the relevant tax revenue for the past three years; if not, of the reasons for that, and whether the authorities will review the applicability of the existing territorial source principle of taxation in the era of the digital economy; and
 
(5) as the Financial Secretary indicated in public earlier that the Government was conducting a study on an e-commerce sales tax, of the specific scope, current progress and expected completion time of the relevant study?

Reply:
 
President,
 
     With the advancement of technology, online shopping has integrated deeply into the daily consumption patterns of citizens. E-commerce has become an indispensable part of overall business operations. Hong Kong has all along maintained a simple and low tax system and, based on the territorial source principle, only imposes taxes on business profits, property rental income, and employment income arising in or derived from Hong Kong. Our tax policy applies to all business operation models in Hong Kong, including physical business and e-commerce business.
 
     In response to the questions raised by the Hon Andrew Fan, having consulted the Financial Secretary’s Office and the Commerce and Economic Development Bureau, our reply is as follows:
 
(1) According to the results of the Household Expenditure Survey (HES) conducted by the Census and Statistics Department in 2024/25, the average monthly household expenditure on online purchases was $1,467, representing an increase of 46.5 per cent compared with $1,002 in the previous round of survey conducted in 2019/20. The expenditure on online purchases refers to goods delivered to or services provided in Hong Kong, which are purchased from online platforms.
 
     A non-local brand may have a “.hk” and multiple non-local domains simultaneously and companies registered in Hong Kong may also host their websites outside Hong Kong. Thus, the actual hosting location of platforms and websites cannot be determined solely from their domain names. Therefore, it is difficult for the respondents in the aforementioned HES to provide the accurate source location of their online purchases, and hence a breakdown by source locations of purchases is not available under the survey.
 
     The average monthly household expenditures on online purchases by commodity/service section in the aforementioned two HESs are set out in the table below:
 

Commodity/service sectionNote 2: Figures may not add up to the respective totals due to rounding.
#For example, online purchases of restaurant dine-in services and takeaway.
*For example, online purchases of flight tickets.
^For example, online purchases of package holidays.
 
(2) The Inland Revenue Ordinance (Cap. 112) (IRO) applies to all bricks-and-mortar businesses and online businesses operated in Hong Kong, including the businesses of e-commerce. Hence, the Inland Revenue Department (IRD) does not require taxpayers to declare their business operation model (i.e. bricks-and-mortar or online business) for tax assessment purposes. The IRD therefore does not maintain the breakdown of the amount of tax revenue from e-commerce and digital economy. To avoid increasing the compliance burden of taxpayers, the IRD does not plan to require taxpayers to declare information on their business operation model which is not necessary for tax assessment purposes.
 
(3) Under the Business Registration Ordinance (Cap. 310) (BRO) and the IRO (Cap.112), online businesses and brick-and-mortar businesses are subject to the same legal obligations and compliance requirements. Any person who carries on a business in Hong Kong, regardless of whether through a brick-and-mortar presence or the internet, is required to apply for business registration under BRO (Cap.310), and to file tax returns and pay tax under the IRO (Cap.112).
 
     All local companies and non-Hong Kong companies incorporated/registered under the Companies Ordinance (Cap. 622) are deemed to have applied for business registration simultaneously upon incorporation/registration. The IRD conducts inspections from time to time on whether persons carrying on businesses have complied with the registration requirement under the BRO (Cap.310). Where a business carried on in Hong Kong (including online activities that constitute the carrying on of a business in Hong Kong) is found not to have business registration, the IRD would require the relevant person to apply for business registration for the business concerned as soon as possible, and would initiate prosecution against the relevant person where necessary.
 
     During the three years from 2023/24 to 2025/26, the IRD conducted inspections under the BRO for 2 287, 1 598 and 1 475 cases respectively involving transactions carried out on the internet. Among these cases, 294, 265 and 240 cases were required to apply for business registration and pay the relevant business registration fees and levies after examination. For tax investigation under the IRO (Cap.112), the IRD does not maintain a breakdown by business operation model (i.e. online or brick-and-mortar business).
 
(4) According to the IRO (Cap.112), profits tax shall be charged on every person carrying on a trade, profession or business in Hong Kong in respect of his assessable profits arising in or derived from Hong Kong from such trade, profession or business. This territorial source principle applies to companies incorporated in Hong Kong and those incorporated outside Hong Kong. Whether a cross-border e-commerce platform is liable to profits tax depends on the nature and extent of its activities in Hong Kong, as well as the facts of each case. Currently, the IRD does not require taxpayers to declare their business operation model (i.e. bricks-and-mortar or online business) for tax assessment purpose, and therefore does not maintain breakdown of the receipt of profits tax from cross-border e-commerce platforms.
 
     For details about charging profits tax on e-commerce, the IRD has updated its Departmental Interpretation and Practice Notes No. 39 (Revised) “Profits Tax-Digital Economy, Electronic Commerce and Digital Assets” in March 2020 to provide guidance on the tax treatment of e-commerce transactions.
 
(5) Hong Kong has all along maintained a simple tax regime with low tax rates, which is one of Hong Kong’s competitive advantages. When considering measures to increase revenue, our principle is to maintain the competitive advantage of Hong Kong’s simple and low tax system, avoiding substantial increase in tax rates or introduction of new taxes as far as possible, while upholding the principles of “user pays” and “affordable users pay”. Furthermore, we must also consider the policy objectives of the measures for increasing revenue, and make an overall assessment having regard to the Government’s financial position, the overall economic environment, as well as the immediate and long-term needs of society.
Issued at HKT 16:05

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LCQ14: Future development of Hongkong Post

Source: Hong Kong Government special administrative region

     Following is a question by Professor the Hon Priscilla Leung and a written reply by the Secretary for Commerce and Economic Development, Mr Algernon Yau, in the Legislative Council today (June 17):

Question:

LCQ4: Combating smuggling of animals

Source: Hong Kong Government special administrative region – 4

     Following is a question by the Hon Chan Hak-kan and a reply by the Acting Secretary for Environment and Ecology, Miss Diane Wong, in the Legislative Council today (June 17):

     It has been reported that the smuggling of animals into Hong Kong has become an increasingly serious issue in recent years. In this connection, will the Government inform this Council:

(1) as it has been reported that there are quite a number of messages on Mainland social media and online shopping platforms advertising the cross-boundary sale of animals, using gimmicks such as the provision of “pet consignment”, “quarantine-free” and “same-day delivery” to attract customers, whether the Government has worked closely with these platforms to strengthen intelligence exchange, with a view to swiftly taking down non-compliant content, so as to combat the smuggling of animals; if so, of the details; if not, the reasons for that;

(2) given that according to government information, the Agriculture, Fisheries and Conservation Department received 377 complaints in relation to animal trading and breeding activities last year, yet there were only 26 cases of successful prosecutions for breach of licensing conditions, of the reasons for that; among these complaints, the number of cases involving animal smuggling and the number of convictions; and

(3) of the following information regarding animal smuggling cases: (i) the number of cases involving the illegal import of cats and dogs so far this year, and the number of cats and dogs involved, (ii) the average time taken from enforcement to the conclusion of court proceedings in animal smuggling cases, (iii) the number of confiscated animals that have been adopted and the relevant percentage, and (iv) the resources or funding provided by the Government to organisations responsible for offering temporary shelter for and adoption of confiscated animals?

Reply:

President,

     Illegal animal smuggling and trading activities not only endanger animal health but also pose a significant risk to public health and safety in Hong Kong. To this end, the Government adopts a multipronged strategy to combat these illegal activities through legislative regulation, inspection and enforcement, intelligence sharing as well as publicity and education. We continuously review and enhance the effectiveness of these measures to tackle the ever-changing illegal smuggling and trading methods, thereby safeguarding public and animal health.

     With regard to the importation of animals, under the Public Health (Animals and Birds) Regulations (Cap. 139A) and the Rabies Regulation (Cap. 421A), any person who imports animals without a permit is liable to a maximum fine of $50,000 and imprisonment for one year.

     As for animal trading, the Agriculture, Fisheries and Conservation Department (AFCD) strictly regulates the operations of physical shops, online animal sellers and dog breeding premises under the Public Health (Animals and Birds) (Trading and Breeding) Regulations (Cap. 139B). It requires licence holders to comply with licence conditions and codes of practice, including the proper care of animals, the administration of vaccinations, and the provision of proof of the animals’ lawful origin, to ensure the animals are in good health. Any person selling animals without a licence is liable to a maximum fine of $100,000, whilst a breach of licence or permit conditions is punishable by a maximum fine of $50,000.

     In response to the question raised by the Hon Chan Hak-kan, and following consultation with the Security Bureau, my reply is as follows:

(1) To tackle illegal animal trading on online platforms, the AFCD has set up a dedicated investigation team to conduct proactive investigations, including the regular monitoring of online advertisements for the sale and breeding of animals. Upon receiving complaints or detecting suspicious cases, the dedicated team will immediately launch in-depth investigations, including deploying undercover (decoy) operations to gather evidence. At the same time, the AFCD has established a close intelligence-sharing mechanism with the Customs and Excise Department (C&ED) to enhance the effectiveness of monitoring online violations and strengthen joint enforcement efforts.

     Regarding claims by certain Mainland online sellers that they can deliver animals such as cats and dogs to Hong Kong “without quarantine”, we must solemnly point out that such acts constitute illegal animal smuggling, in order to set the record straight. Since last year, the AFCD has proactively requested assistance from the Mainland regulatory authorities and the heads of major Mainland social media platforms to combat such smuggling activities, and has received positive responses. Mainland regulatory authorities are actively exploring ways to strengthen supervision and enforcement against social media platforms. Meanwhile, Mainland social media platforms will strictly review suspicious accounts and remove non-compliant content at the AFCD’s request.

     Furthermore, the AFCD’s quarantine detection dogs carry out detection operations daily at various locations, including the Hong Kong International Airport, the Air Mail Centre and various import and export control points; the department also conducts targeted joint enforcement operations with the C&ED at the airport and major land border control points, and it continues to deepen intelligence exchange and joint operations with Mainland and overseas law enforcement agencies.

(2) The AFCD has been conducting regular inspections and surprise checks on licensed animal trading and breeding premises. Where there is evidence of non-compliance, the AFCD will initiate prosecution proceedings. In 2025, the AFCD received a total of 377 complaints concerning the illegal sale and breeding of animals. One hundred and three cases were substantiated after investigation, of which 65 resulted in successful prosecutions. These included 39 cases of selling animals without a valid licence or permit, and 26 cases of breaching licence conditions. None of the aforementioned complaint cases involved illegal animal smuggling.

(3) As of the end of May 2026, the Government had successfully detected 11 cases of illegal importation of cats and dogs, involving a total of 21 animals (comprising 18 cats and three dogs). Law enforcement agencies are currently conducting investigations and gathering evidence, and will initiate prosecutions against the persons involved once sufficient evidence is secured.

     In 2025, cases involving the smuggling of animals took an average of approximately five months from the time of enforcement to the conclusion of court proceedings, a period encompassing necessary legal procedures including evidence collection and formal charges being laid by law enforcement officers, as well as court appearances and trial conclusions. Under the law, those involved may choose to transport the animals out of Hong Kong at their own expense, send the animals to a quarantine centre for quarantine, or surrender custody of them. Upon receiving animals whose custody has been surrendered, the AFCD immediately places them under quarantine, provides care and behavioural training to enhance their chances of adoption, and subsequently transfers suitable animals to the department’s partner organisations for adoption arrangements. In 2025, 12 cats and dogs (comprising seven cats and five dogs) were surrendered by the persons carrying the animals. Of these, 11 (six cats and five dogs) have been transferred to the department’s partner animal welfare organisations for public adoption, whilst the remaining one is still under observation by the AFCD.

     The AFCD selects animals that are docile and in good health from among those abandoned or are unclaimed, and transfers them to partner animal welfare organisations for public adoption. Through the annual subvention scheme, the AFCD provides financial support to these animal welfare organisations to implement publicity and education, provide adoption services, and undertake animal management work.

     In addition, the AFCD utilises multiple channels to step up public education and publicity to promote pet adoption, including broadcasting educational videos and Announcements in the Public Interest on various platforms; establishing a thematic website; distributing leaflets, posters and booklets; and regularly organising seminars in schools and residential estates, roving exhibitions across the 18 districts, dog training courses and pet adoption days. 

     Overall, to effectively combat illegal animal smuggling and trading, active co-operation from the public is crucial, in addition to rigorous enforcement by the Government. Members of the public must remain vigilant, particularly when purchasing pets via online platforms, and be aware that illegal or unscrupulous traders may provide misleading information about pets in order to entice people to buy animals of unknown origin or in poor health. Consumers not only suffer financial losses but often find it difficult to hold these traders legally accountable later on. Therefore, the Government strongly advocates the principle of “adopting rather than buying pets”, encouraging the public to prioritise adoption through legitimate channels. If choosing to purchase a pet, members of the public should buy from licensed animal traders to avoid acquiring animals of unknown origin through unofficial channels. Furthermore, the Government will continue to make good use of diverse channels, such as social media, dedicated webpages and advertisements, to conduct public education campaigns, with a view to enhancing public awareness of the relevant legislation and associated risks, thereby safeguarding public and animal health.

LCQ5: Child care centres and School-based After School Care Service Scheme

Source: Hong Kong Government special administrative region

     Following is a question by the Hon Maggie Chan and a reply by the Secretary for Labour and Welfare, Mr Chris Sun, in the Legislative Council today (June 17):
 
Question:
 
     The Government increased the Child Care Centre Parent Subsidy to a maximum of $1,000 per month in April 2024, and further expanded the School-based After School Care Service Scheme (the Scheme) in the 2025-2026 school year. As at February this year, there were already 205 primary schools participating in the Scheme, providing over 10 000 service places. Regarding the strengthening of support for working families in childbearing, will the Government inform this Council:
 
(1) of the number of cases that have received the Child Care Centre Parent Subsidy in full since April 2024; among them, the proportion of infants and toddlers from birth to under the age of two who have benefited; 

(2) given that under the Scheme, care services on weekdays are provided until 6pm or 6.30pm, and may be extended to 7pm in individual schools, whether the Government has plans for extending the service hours of the Scheme to 7pm across the board; if so, of the details; if not, the reasons for that; and  
President,
 
     To support parents in taking care of their children, the Government subsidises non-governmental organisations (NGOs) to provide a variety of day child care services, including the full-day Child Care Centre (CCC) service, the After School Care Programme (ASCP) and the Extended Hours Service (EHS) for school-aged children, the district-based and flexible Occasional Child Care Service (OCCS) and the Neighbourhood Support Child Care Project, as well as implements the School-based After School Care Service Scheme (SBA), to meet the different needs of parents and children. 
     The reply to the Member’s question on the three parts is as follows: 
     Currently, there are a total of 21 aided standalone CCCs in Hong Kong, providing 1 536 service places. The SWD is setting up 15 additional aided standalone CCCs in different districts (including North District and Yuen Long) in phases. It is estimated that a total of about 1 500 additional service places will be provided progressively by the end of 2029, almost doubling the existing supply.

LCQ16: Measures to promote fertility

Source: Hong Kong Government special administrative region

     Following is a question by the Hon Chu Lap-wai and a written reply by the Secretary for Labour and Welfare, Mr Chris Sun, in the Legislative Council today (June 17):

Question: # After obtaining funding approval for implementing the Bonus from the Finance Committee of the Legislative Council on January 19, 2024, the Government then disbursed the one-off Newborn Baby Bonus of $20,000 to eligible parents after completing the required internal procedures.

     The review of the Newborn Baby Bonus Scheme is still undergoing, which involves analysing data and conducting in-depth analysis and consideration of related issues. The Government will take into account the views and suggestions of Legislative Council Members and the general public on the Scheme. 

Tender of 10-year HKD HKSAR Institutional Government Bonds through re-opening to be held on June 24

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 (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced today (June 17) that a tender of 10-year HKD institutional Government Bonds (Bonds) through the re-opening of existing 10-year Government Bond issue 10GB3507001 under the Infrastructure Bond Programme will be held on Wednesday, June 24, 2026, for settlement on Thursday, June 25, 2026.
 
An additional amount of HK$1.25 billion of the outstanding 10-year Bonds (issue no. 10GB3507001) will be on offer. The Bonds will mature on July 24, 2035 and will carry interest at the rate of 3.17 per cent per annum payable semi-annually in arrear. The Indicative Pricings of the Bonds on June 17, 2026 are 99.41 with an annualised yield of 3.271 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. 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 10-year HKD HKSAR Institutional Government Bonds:
 

Issue Number : 10GB3507001
Stock Code : 4294 (HKGB 3.17 3507)
Tender Date and Time : Wednesday, June 24, 2026
9.30am to 10.30am
Issue and Settlement Date : Thursday, June 25, 2026
Amount on Offer : HK$1.25 billion
Maturity : 10 years
Remaining maturity : Approximately 9.08 years
Maturity Date : Tuesday, July 24, 2035
Interest Rate : 3.17 per cent p.a. payable semi-annually in arrear
Interest Payment Dates : January 24 and July 24 in each year, commencing on the Issue Date up to and including the Maturity Date, subject to adjustment in accordance with the terms of 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.
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 Bonds must be submitted through a Primary Dealer on the latest published list.

The accrued interest to be paid by successful bidders on the issue date (June 25, 2026) for the tender amount is HK$ 651.37 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). 

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
: The tender amount is fully fungible with the existing 10GB3507001 (Stock code: 4294) listed on the Stock Exchange of Hong Kong.
Use of Proceeds : The Bonds 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 June 24

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 (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced today (June 17) that a tender of 5-year HKD Institutional Government Bonds (Bonds) under the Infrastructure Bond Programme will be held on June 24, 2026 (Wednesday), for settlement on June 25, 2026 (Thursday).
 
A total of HK$1.75 billion 5-year HKD Bonds will be tendered. The Bonds will mature on June 25, 2031 and will carry interest at the rate of 2.96 per cent per annum payable semi-annually in arrear.
 
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. 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 5-year HKD HKSAR Institutional Government Bonds:
 

Issue Number : 05GB3106001
Stock Code : 4206 (HKGB 2.96 3106)
Tender Date and Time : June 24, 2026 (Wednesday)
9.30am to 10.30am
Issue and Settlement Date : June 25, 2026 (Thursday)
Amount on Offer : HK$1.75 billion
Maturity : 5 years
Maturity Date : June 25, 2031 (Wednesday)
Interest Rate : 2.96 per cent p.a. payable semi-annually in arrear
Interest Payment Dates : June 25 and December 25 in each year, commencing on the Issue Date up to and including the Maturity Date, subject to adjustment in accordance with the terms of 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.
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 Bonds 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
: June 26, 2026 (Friday)
Use of Proceeds : The Bonds 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.