Source: Hong Kong Government special administrative region
Hong Kong ICH Month 2025 kicks off with a Carnival of exciting performances and interactive experiential booths
Addressing the opening ceremony, the Deputy Chief Secretary for Administration, Mr Cheuk Wing-hing, said that starting this year, the Hong Kong Special Administrative Region Government will designate June as Hong Kong ICH Month, thereby deepening the implementation of the Cultural and Natural Heritage Day. Hong Kong ICH Month also aims to present a vibrant annual mega Intangible Cultural Heritage (ICH) event through a series of engaging programmes. With the theme “ICH Around Town”, the inaugural Hong Kong ICH Month will fully showcase that despite Hong Kong’s relatively small geographic size, ICH can be found everywhere. He said the programmes will give the public and tourists a greater insight into ICH, and enable their first-hand experience of the cultural richness of ICH as well as the pleasure .
Other officiating guests included the Under Secretary for Culture, Sports and Tourism, Mr Raistlin Lau; the Chairperson of the Working Group on Patriotic Education under the Constitution and Basic Law Promotion Steering Committee and Legislative Council Member, Dr Starry Lee; Legislative Council Member Mr Kenneth Fok; the Chairperson of the ICH June and Legislative Council Member, Professor Lau Chi-pang; the Chairperson of the ICH Advisory Committee, Professor Ricardo Mak; the Director of Leisure and Cultural Services, Ms Manda Chan; and the Head of the ICHO, Ms Judith Ng.
Moreover, the ICHO is launching the ICH Carnival at the Hong Kong Cultural Centre Piazza today and tomorrow (May 31 to June 1) with the aspiration of rolling out ICH festive events across the territory, kicking off the Hong Kong ICH Month 2025. The Carnival offers diverse performances of Hong Kong ICH items, such as lion dance and Engor parade, Cheung Chau floating colours and dragon dance parade, Hakka unicorn dance in Hang Hau in Sai Kung, Cantonese opera excerpts, Nanyin, Yip Man Wing Chun, Tai Chi, Pixiu dance, and dragon boat dance. There are also more than 10 interactive experiential booths, at which members of the public can participate in and learn the techniques of crafting flower boards and wooden furniture, and making Chinese brushes and clay sculptures, etc. ICH organisations and practitioners will also provide demonstrations on-site. Admission is free. For details of the Carnival, please visit the website: www.icho.hk/en/web/icho/hk_ich_month_2025_fiesta.html
Hong Kong ICH Month 2025 is presented by the Culture, Sports and Tourism Bureau, and organised by the ICHO of the LCSD with ICH June as the strategic partner. Delightful programmes include 80 ICH performances, 60 interactive experiential booths and 20 “ICH Highlight Tours”, covering over 100 ICH items and bringing together over 50 ICH practitioners, including representative bearers of the national ICH.
Issued at HKT 18:19
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Tunnel runs smoothly after takeover
Source: Hong Kong Information Services
The Transport Department said that the Government took over the Tai Lam Tunnel at 0.00am, and that the implementation of the new tolls and HKeToll has mostly been smooth so far.
Commissioner for Transport Angela Lee visited the Tai Lam Tunnel Administration Building in the small hours of today and was briefed by the operator’s management on the switchover works conducted during its full closure.
She also oversaw the tests and preparations prior to the introduction of HKeToll at the control centre.
The transport chief met tunnel management and engineering personnel of the operator and thanked the team for racing against time in completing the takeover work thoroughly, efficiently and smoothly.
Ms Lee was glad to note that the tunnel reopened at 5am as scheduled with the launch of HKeToll. She appreciated the tireless efforts of the multidisciplinary team comprising the Transport Department, the Highways Department and the Electrical & Mechanical Services Department in completing the necessary drills as well as installing adequate traffic signs and road markings, providing motorists with a smoother road experience.
The Transport Department’s Emergency Transport Co-ordination Centre has been closely monitoring the traffic conditions before and after the takeover of the tunnel, and the traffic in both directions has generally been smooth so far. In addition, the traffic of alternative routes, such as Tuen Mun Road and Tolo Highway, has largely been smooth.
The centre will closely monitor the overall traffic conditions on June 2, the first working day, including the application of time-varying tolls on private cars and motorcycles at the tunnel for the first time.
Ms Lee said that as motorists, transport trades and members of the public may take time to adapt to new routes and adjust their commuting habits, traffic flow and public transport services will be closely monitored in the vicinity of the tunnel.
Following the substantial reduction of tolls and the roll-out of HKeToll, the Transport Department hopes to make optimal use of the tunnel’s spare capacity effectively to alleviate the busy traffic on alternative routes, such as Tuen Mun Road, thereby improving the flow of people and freight between the New Territories West/North and the urban areas, as well as achieving the objective of providing a smooth commute and bringing benefits to all sectors.
Treasury chief joins tech mega event
Source: Hong Kong Information Services
Secretary for Financial Services & the Treasury Christopher Hui attended the Web Summit Vancouver yesterday in Vancouver, Canada, and appealed to technology investors and leaders to grasp the vast business opportunities in the vibrant fintech ecosystem in Hong Kong.
The summit, a mega event for the tech sector, attracts over 10,000 tech investors, entrepreneurs and industry leaders across the world each time it is hosted. This is the first time the summit has been held in Vancouver.
Mr Hui engaged in a panel discussion session titled “Local to global: Strategies for tech success”, which was joined by Minister of Jobs, Economic Development & Innovation of the Province of British Columbia, Canada Diana Gibson. They had an illuminating discussion on the various approaches taken in building dynamic fintech economies, ranging from developing talent, attracting investment to creating opportunities.
The treasury chief noted that Hong Kong is striving to accelerate green and sustainable finance and virtual asset development, with a view to making them key components of the diversified financial value chain. The Monetary Authority has already commenced sandbox experimentation of Project Ensemble, which is a new wholesale central bank digital currency project to support the development of the tokenisation market in Hong Kong.
Mr Hui also updated the summit on the latest passage of legislation last week establishing a licensing regime for fiat-referenced stablecoins issuers in Hong Kong, as a way to further enhance the city’s regulatory framework on virtual asset activities for supporting the healthy, responsible and sustainable development of its stablecoin and the broader digital asset ecosystem.
Hong Kong is among the first batch of regions to have introduced stablecoin legislation and strives to fully implement the licensing regime within this year, with a view to approving the first batch of licences as soon as practicable.
Looking forward, Hong Kong will soon promulgate a second policy statement on the development of virtual assets to explore the convergence of traditional finance and virtual assets. A consultation on the licensing regimes for virtual asset over-the-counter trading services and custodian services will also be conducted within this year.
Whie attending the summit, Mr Hui visited exhibition booths manned by Hong Kong delegates. He was pleased to learn that the Hong Kong delegates received encouraging feedback over the past few days, reflecting the world-class standard of Hong Kong fintech talent and their appeal to investors.
In the afternoon, Mr Hui paid a courtesy call on Consul General of the People’s Republic of China in Vancouver Yang Shu. Mr Yang said Hong Kong has always been a window of the country to the world and will continue to be. He encouraged Hong Kong to keep up with its work in deepening international exchanges and co-operation.
Before concluding his visit to Canada, Mr Hui visited Bank of Montreal and met its Senior Vice President & Head, Mid-Market, Commercial Bank, Andrew Hung, and Senior Vice President & Head, BC & Yukon, Greg Vriend.
He told them that in a world full of geopolitical uncertainties, Hong Kong’s financial market is emerging as a risk-off haven for investors and attracting more investments owing to its connectivity with the Mainland and the world at large, bringing greater prospects for the banking sector and different financial areas.
Mr Hui will return to Hong Kong in the early hours of May 31.
CE welcomes new liaison chief
Source: Hong Kong Information Services
Chief Executive John Lee today welcomed Zhou Ji assuming his new posts as Director of the Liaison Office of the Central People’s Government in the Hong Kong Special Administrative Region (LOCPG) and National Security Adviser to the Committee for Safeguarding National Security of the Hong Kong Special Administrative Region.
In a statement on the appointment by the State Council, Mr Lee noted that since July 2023, Mr Zhou has been serving as CPC Central Committee Hong Kong & Macao Work Office Executive Deputy Director and State Council Hong Kong & Macao Affairs Office Executive Deputy Director, directly participating in the management and co-ordination of Hong Kong affairs, adding that he is well acquainted with the national policies on Hong Kong.
Mr Lee said: “I sincerely thank the central government for its care and support for the Hong Kong SAR. I am fully confident that Mr Zhou will lead the LOCPG in continuing its support to the Hong Kong SAR Government’s governance in accordance with the law, working together with us in fully, faithfully and resolutely implementing the principles of ‘one country, two systems’, ‘Hong Kong people administering Hong Kong’ and a high degree of autonomy. We will together maintain the constitutional order of the Hong Kong SAR as stipulated in the Constitution and the Basic Law and implement the principle of ‘patriots administering Hong Kong’.
“I am also confident that Mr Zhou will lead the LOCPG in its continued co-operation with the Hong Kong SAR Government of promoting the Hong Kong SAR’s proactive alignment with national strategies, creating new momentum and advantages for Hong Kong’s economic development, promoting Hong Kong’s transition from stability to prosperity through innovation and invention, and making greater contribution to the great rejuvenation of the Chinese nation.”
Meanwhile, the State Council announced the departure of Zheng Yanxiong from the posts of LOCPG Director, State Council Hong Kong & Macao Affairs Office Deputy Director and National Security Adviser of the committee.
Mr Lee, together with the Hong Kong SAR Government, expressed their gratitude to Mr Zheng for his contribution in performing his duties, including steadfastly upholding the “one country, two systems” principle on issues such as safeguarding national security and maintaining the Hong Kong SAR’s constitutional order in his tenure of over two years.
The Chief Executive pointed out that during his office, Mr Zheng fully supported the Hong Kong SAR Government in fulfilling its constitutional responsibility and historic mission of enacting local legislation for Article 23 of the Basic Law. The Safeguarding National Security Ordinance, which entered into force on March 23, 2024, has strengthened Hong Kong’s legal regime in safeguarding national security.
Mr Zheng has all along held the issues of providing a better living and working environment for the people of Hong Kong, youth development, and Hong Kong’s leverage of the opportunities of the Guangdong-Hong Kong-Macao Greater Bay Area close to his heart, Mr Lee added.
Substantial reduction of tolls and implementation of HKeToll mostly smooth at Tai Lam Tunnel (with photos)
Source: Hong Kong Government special administrative region
Substantial reduction of tolls and implementation of HKeToll mostly smooth at Tai Lam Tunnel
The Commissioner for Transport, Ms Angela Lee, visited the TLT Administration Building in the small hours today and was briefed by the operator’s management on the switchover works conducted during its full closure. She also oversaw the tests and preparations prior to the introduction of the HKeToll at the control centre. She met with tunnel management and engineering personnel of the operator and thanked the team for racing against time in completing the takeover work thoroughly, efficiently and smoothly.
Ms Lee was glad to note that the TLT reopened at 5am as scheduled with the launch of the HKeToll. She appreciated the tireless efforts of the multidisciplinary team comprising the TD, the Highways Department and the Electrical and Mechanical Services Department in completing the necessary drills as well as installing adequate traffic signs and road markings, providing motorists with a smoother road experience as they do not have to stop or queue for payment.
The TD’s Emergency Transport Co-ordination Centre (ETCC) has been closely monitoring the traffic conditions before and after the takeover of the TLT, and the traffic in both directions has generally been smooth so far. In addition, the traffic of alternative routes, such as Tuen Mun Road and Tolo Highway, has largely been smooth. The ETCC will closely monitor the overall traffic conditions on June 2, the first working day, including the application of time-varying tolls on private cars and motorcycles at the TLT for the first time.
Under the new tolls, tolls for all vehicle types are lower than previous tolls by 22 to 80 per cent. Among them, tolls for private cars in the peak, normal and off-peak time slots from Monday to Saturday are $45, $30 and $18 respectively, with a fixed toll of $18 throughout the day for Sunday and general holidays. The motorcycle toll for all time slots is set at 40 per cent of the private car toll, i.e. between $7.2 and $18. Taxis and other commercial vehicles (such as goods vehicles and buses) continue to have a fixed toll on all days: $28 for taxis and $43 for other commercial vehicles.
Ms Lee said, “As motorists, transport trades and members of the public may take time to adapt to new routes and adjust their commuting habits, we will closely monitor the traffic flow and public transport services in the vicinity of the TLT. Following the substantial reduction of tolls and the roll-out of the HKeToll, we hope to make optimal use of the TLT’s spare capacity effectively to alleviate the busy traffic on alternative routes, such as Tuen Mun Road, thereby improving the flow of people and freight between the New Territories West/North and the urban areas, as well as achieving the objective of providing a smooth commute and bringing benefits to all sectors.”
Motorists may refer to the TLT’s toll displays or the TD’s HKeMobility mobile application for real-time toll information. Those who have yet to apply for an HKeToll vehicle tag and account should do so as soon as possible.
Issued at HKT 11:00
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SFST promotes HK’s measures for integrating traditional and digital finance at Web Summit Vancouver (with photos)
Source: Hong Kong Government special administrative region
SFST promotes HK’s measures for integrating traditional and digital finance at Web Summit Vancouver
The Web Summit, a mega event for the tech sector, attracted over 10 000 tech investors, entrepreneurs and industry leaders across the world each time it is hosted. This is the first time the Summit has been held in Vancouver. Mr Hui engaged in a panel discussion session titled “Local to global: Strategies for tech success”, which was joined by the Minister of Jobs, Economic Development and Innovation of the Province of British Columbia, Canada, Ms Diana Gibson. They had an illuminating discussion on the various approaches taken in building dynamic fintech economies, ranging from developing talent, attracting investment to creating opportunities.
Mr Hui said that as one of the top three international financial centres and a leading international green finance hub, Hong Kong is pioneering the integration of traditional and digital finance with a view to strengthening its position as Asia’s gateway for financial innovation. The city is striving to accelerate green and sustainable finance and virtual asset development, with a view to making them key components of the diversified financial value chain. The Hong Kong Monetary Authority has already commenced sandbox experimentation of Project Ensemble, which is a new wholesale central bank digital currency project to support the development of the tokenisation market in Hong Kong.
The fintech ecosystem is thriving in Hong Kong, with around 1 100 fintech companies and start-ups, including 10 licensed virtual asset trading platforms, eight digital banks and four virtual insurers. Pledged to continue playing a leading role in facilitating green and sustainable financing and investment for the global agenda of green transition, Hong Kong issued a policy statement last October to set out its policy stance and approach on the responsible application of artificial intelligence in the financial market. The Government also launched a roadmap last December to require publicly accountable entities (PAEs) to adopt the International Financial Reporting Standards – Sustainability Disclosure Standards (ISSB Standards) and to provide a well-defined pathway for large PAEs to fully adopt the ISSB Standards no later than 2028. This brings Hong Kong among the first jurisdictions to align its local requirements with ISSB Standards. As an initial step, the Stock Exchange of Hong Kong Limited has already started to implement in phases new climate disclosure requirements to reflect the ISSB Standard No. 2: Climate-related Disclosures since this January.
Mr Hui also updated the Summit on the latest passage of legislation last week establishing a licensing regime for fiat-referenced stablecoins issuers in Hong Kong, as a way to further enhance Hong Kong’s regulatory framework on virtual asset activities for supporting the healthy, responsible and sustainable development of Hong Kong’s stablecoin and the broader digital asset ecosystem. Hong Kong is among the first batch of regions to have introduced stablecoin legislation and strives to fully implement the licensing regime within this year, with a view to approving the first batch of licences as soon as practicable.
Looking forward, Hong Kong will soon promulgate a second policy statement on the development of virtual assets to explore the convergence of traditional finance and virtual assets. A consultation on the licensing regimes for virtual asset over-the-counter trading services and custodian services will also be conducted within this year.
During his stay at the Summit, Mr Hui visited exhibition booths manned by Hong Kong delegates. He was pleased to learn that the Hong Kong delegates received encouraging feedback over the past few days, reflecting the world-class standard of Hong Kong fintech talent and their appeal to investors.
In the afternoon, Mr Hui paid a courtesy call to the Consul General of the People’s Republic of China in Vancouver, Mr Yang Shu. Mr Yang said Hong Kong has always been a window of the country to the world and will continue to be. He encouraged Hong Kong to keep up with its work in deepening international exchanges and co-operation.
Before concluding his visit to Canada, Mr Hui visited Bank of Montreal and met with the Senior Vice President & Head, Mid-Market, Commercial Bank, Mr Andrew Hung, and Senior Vice President & Head, BC & Yukon, Mr Greg Vriend. He told them that in a world full of geopolitical uncertainties, Hong Kong’s financial market is emerging as a risk-off haven for investors and attracting more investments owing to its connectivity with the Mainland and the world at large, bringing greater prospects for the banking sector and different financial areas.
Mr Hui will return to Hong Kong in the early hours of May 31 (Vancouver time).
Issued at HKT 9:40
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Mediation convention signed
Source: Hong Kong Information Services
A signing ceremony for the Convention on the Establishment of the International Organization for Mediation (IOMed) was held today as it was revealed that Hong Kong has been chosen as the IOMed’s home.
The IOMed will be the world’s first intergovernmental international legal organisation dedicated to mediation.
CPC Central Committee Political Bureau Member and Foreign Affairs Minister Wang Yi signed the convention on behalf of China. Representatives from 32 other countries also signed it.
Addressing the ceremony, Mr Wang said that as an innovative step in international rule of law, the IOMed has great significance in the history of international relations.
He stressed that its establishment is an actualisation of the principles of the United Nations (UN) Charter and an example of a civilisational belief in harmony, while epitomising inclusiveness in the rule of law.
Outlining that the IOMed will be headquartered in Hong Kong, Mr Wang said the city’s handover is in itself a success story that exemplifies peaceful settlement of international disputes. The success of the “one country, two systems” principle has created brighter prospects for prosperity and stability in Hong Kong, he added.
Mr Wang said he looks forward to all parties working together to ensure the IOMed plays a positive role in peacefully resolving international disputes to create a brighter future for humanity.
Chief Executive John Lee, as well as senior representatives from more than 50 countries, and from the United Nations and other international organisations, attended the ceremony.
Chief Secretary Chan Kwok-ki, Financial Secretary Paul Chan, and Secretary for Justice Paul Lam were also present.
Mr Lee expressed his gratitude to the central government for allowing Hong Kong the honour of housing the organisation’s headquarters, adding that Hong Kong has a well-respected legal system and world-class legal and dispute resolution professionals.
“The IOMed will provide a pathway for countries – regardless of culture, language and legal system – to resolve international disputes based on mutual respect and understanding. This is increasingly important amid mounting geopolitical tensions.”
This afternoon’s Global Forum on International Mediation involved discussions of topics including mediation of disputes among countries and mediation of international investment and commercial disputes.
Guest speakers emphasised that Hong Kong has unique features that allow it to build bridges between different legal traditions.
United Nations Commission on International Trade Law Secretary Anna Joubin-Bret said: “It combines the background and the expertise in both civil and common law, and it is the only jurisdiction that has these two features, and that is exactly what mediation needs.”
Former President of Slovenia Danilo Türk remarked that Hong Kong is a place of innovations in multiple ways, including technology, trade, and now also diplomacy.
“I think that that is a really very good choice. Hong Kong is already established as one of the global centres of communication, of everything, of every form of communication. And to add this dimension would enrich Hong Kong and would enrich also the processes of mediation.”
Executive Director of the Association of Southeast Asian Nations (ASEAN) Institute for Peace & Reconciliation I Gusti Agung Wesaka Puja, said he expected the IOMed to collaborate with other regional organisations, including ASEAN, in finding solutions to conflict situations within the region.
“I think Hong Kong and China have a lot of experience on the trade issues, on economic issues, and of course we expect that IOMed will also deal with the political and security issues in the future.”
Meanwhile, Asian Academy of International Law Founder Member and Co-Chairman Teresa Cheng said she believes housing the headquarters in Hong Kong will raise the city’s international profile by allowing it to play a leading role in mediation efforts.
“For example, capacity building, running conferences, bringing experts in to discuss certain issues. And all these will attract foreigners coming to Hong Kong and thereby knowing Hong Kong and learning themselves how good Hong Kong is, and therefore be able to bring that view back to their hometown.”
Witnessed by forum guests, Mr Lam signed a Memorandum of Understanding with Minister of Commerce of Cambodia Cham Nimul, to strengthen co-operation between the two places on issues relating to dispute avoidance and resolution.
CE’s statement on appointment of CPG Liaison Office Director
Source: Hong Kong Government special administrative region
​On the State Council’s appointment of Mr Zhou Ji as the Director of the Liaison Office of the Central People’s Government in the Hong Kong Special Administrative Region (LOCPG) and National Security Adviser to the Committee for Safeguarding National Security of the Hong Kong Special Administrative Region (NSC), and the removal of Mr Zheng Yanxiong as the Director of the LOCPG, Deputy Director of the Hong Kong and Macao Affairs Office of the State Council and National Security Adviser of the NSC, the Chief Executive, Mr John Lee, issued the following statement on May 30:
The Hong Kong Special Administrative Region (HKSAR) Government and I warmly welcome Mr Zhou’s assumption of his new posts, and express our sincere gratitude to Mr Zheng for his contribution to the HKSAR in his office as the Director of the LOCPG, Deputy Director of the Hong Kong and Macao Affairs Office of the State Council and National Security Adviser of the NSC.
Since July 2023, Mr Zhou has been serving as the Executive Deputy Director of the Hong Kong and Macao Work Office of the CPC Central Committee and the Hong Kong and Macao Affairs Office of the State Council, directly participating in the management and co-ordination of Hong Kong affairs. He is well acquainted with the national policies on Hong Kong. Last year, he led a delegation to Hong Kong for an inspection visit to co-ordinate the implementation of the Central Government’s policies benefitting Hong Kong and convey the Central Government’s strong support for Hong Kong’s development and care for Hong Kong people. Mr Zhou has previously held such positions as Member of the Standing Committee of the CPC Hubei Provincial Committee, as well as Member of the Standing Committee and Deputy Secretary of the CPC Henan Provincial Committee and Vice Governor of Henan Province, possessing extensive experience in policy-making and local governance.
I sincerely thank the Central Government for its care and support for the HKSAR. I am fully confident that Mr Zhou will lead the LOCPG in continuing its support to the HKSAR Government’s governance in accordance with the law, working together with us in fully, faithfully and resolutely implementing the principles of “one country, two systems”, “Hong Kong people administering Hong Kong” and a high degree of autonomy. We will together maintain the constitutional order of the HKSAR as stipulated in the Constitution and the Basic Law and implement the principle of “patriots administering Hong Kong”. I am also confident that Mr Zhou will lead the LOCPG in its continued co-operation with the HKSAR Government of promoting the HKSAR’s proactive alignment with national strategise, creating new momentum and advantages for Hong Kong’s economic development, promoting Hong Kong’s transition from stability to prosperity through innovation and invention, and making greater contribution to the great rejuvenation of the Chinese nation.
The HKSAR Government and I are also deeply grateful to Mr Zheng for steadfastly upholding the “one country, two systems” principle on issues such as safeguarding national security and maintaining the HKSAR’s constitutional order in his tenure of over two years. During his office, Mr Zheng fully supported the HKSAR Government in fulfilling its constitutional responsibility and historic mission of enacting local legislation for Article 23 of the Basic Law. The Safeguarding National Security Ordinance, which entered into force on March 23, 2024, has strengthened Hong Kong’s legal regime in safeguarding national security.
Before serving as the Director of the LOCPG, Mr Zheng was the first Head of the Office for Safeguarding National Security of the Central People’s Government in the HKSAR, leading the Office to perform its mandate of safeguarding national security in accordance with the law. Mr Zheng has all along held the issues of providing a better living and working environment for the people of Hong Kong, youth development, and Hong Kong’s leverage of the opportunities of the Guangdong-Hong Kong-Macao Greater Bay Area close to his heart. The HKSAR Government and I would like to express our gratitude to him.
Signing Ceremony of the Convention on the Establishment of the International Organization for Mediation and Global Forum on International Mediation successfully conclude today
Source: Hong Kong Government special administrative region
Signing Ceremony of the Convention on the Establishment of the International Organization for Mediation and Global Forum on International Mediation successfully conclude today
Member of the Political Bureau of the Communist Party of China Central Committee and Minister of Foreign Affairs, Mr Wang Yi, attended the Signing Ceremony of the Convention in Hong Kong. Mr Wang was the first to sign the Convention on behalf of China. Thirty-three countries, including China and countries from Asia, Africa, Latin America and Europe, jointly signed the Convention. In addition, more than 50 countries and nearly 20 international organisations, including the United Nations (UN), also sent senior representatives to witness the Signing Ceremony. The Chief Executive, Mr John Lee; the Chief Secretary for Administration, Mr Chan Kwok-ki; the Financial Secretary, Mr Paul Chan; and the Secretary for Justice, Mr Paul Lam, SC, were also present.
Addressing the ceremony, Mr Wang said that as an innovative step in international rule of law, the IOMed has great significance in the history of international relations. The establishment of the IOMed is an actualisation of the purposes and principles of the UN Charter; it is also an example of a civilisational belief in harmony and an epitome of inclusiveness in the culture of the rule of law. The IOMed will be headquartered in Hong Kong, whose handover is itself a success story of peaceful settlement of international disputes. The success of the “one country, two systems” principle has created brighter prospects for prosperity and stability in Hong Kong. Mr Wang said that he looks forward to all parties working together to let the IOMed play a positive role in peacefully resolving international disputes for a brighter future for humanity.
Addressing the ceremony, Mr Lee expressed his sincere gratitude to the Central Government for its staunch support of Hong Kong, allowing Hong Kong the honour of housing the IOMed headquarters. He also thanked the international community for placing their trust and confidence in the city. He said that Hong Kong is the only common law jurisdiction in China. With a robust, efficient and well-respected legal system, as well as world-class legal and dispute resolution services professionals, Hong Kong is also the most preferred seat of arbitration in the Asia-Pacific region. Hong Kong goes all out to build bridges with the world and will actively support and facilitate the IOMed’s valuable work in settling international disputes through mediation, thereby providing a pathway for countries to resolve international disputes based on mutual respect and understanding.
The Global Forum on International Mediation in the afternoon discussed topics such as mediation of disputes among countries and mediation of international investment and commercial disputes. Twenty-three leaders from different countries and international organisations shared their experiences on how a neutral third party can effectively assist in the mediation of disputes between countries through dialogue and consultation, highlighting the importance of mediation to the peaceful development of the world and the practice of justice. The speakers also discussed new developments in international investment and commercial dispute mediation and the contributions that the IOMed can make.
Witnessed by forum guests, Mr Lam signed a Memorandum of Understanding with the Minister of Commerce of Cambodia, Mrs Cham Nimul, to strengthen co-operation between the two places on issues relating to dispute avoidance and resolution.
The objective and goal of the IOMed is to promote and facilitate the peaceful settlement of international disputes and to develop friendly relations and co-operation between countries through mediation. It is an important mechanism for implementing Article 33 of the UN Charter to peacefully settle international disputes through mediation and other means. It is of great significance to achieving win-win co-operation among all parties to the dispute, improving global governance, and promoting world peace and stability in the international order. The IOMed will be the first international intergovernmental legal organisation devoted to the use of mediation in resolving international disputes. It will be a beneficial supplement to the current international dispute settlement mechanism and will provide a new legal public good in international rule of law, marking a milestone in promoting the settlement of international disputes through mediation.
The Convention on the Establishment of the International Organization for Mediation is the legal basis for the establishment of the IOMed, which covers important provisions such as the functions, governance structure, operation, scope of cases accepted, privileges and immunities of the IOMed. With the signing of the Convention, the IOMed will be formally established after signatories’ ratification of the Convention and be headquartered in Hong Kong. The IOMed headquarters is expected to be operational by the end of this year or early next year at the earliest, providing friendly, flexible, economical and efficient mediation services to all parties, thereby strengthening Hong Kong’s role as an international dispute resolution services centre and a capital for international mediation. Fully harnessing the institutional strengths under the “one country, two systems” principle and integrating into the national development strategy, Hong Kong will contribute to building a world of peace and justice.
The text of the Convention is available on the IOMed’s websiteIssued at HKT 23:19
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CE meets foreign govt officials
Source: Hong Kong Information Services
Chief Executive John Lee today met senior officials from foreign governments attending the Signing Ceremony of the Convention on the Establishment of the International Organization for Mediation (IOMed).
Mr Lee met Switzerland’s Federal Councillor & Head of the Federal Department of Foreign Affairs Ignazio Cassis, Pakistan’s Deputy Prime Minister & Foreign Minister Mohammad Ishaq Dar, Papua New Guinea’s Minister for Justice & Attorney General Pila Niningi and Laos’ Deputy Prime Minister Saleumxay Kommasith.
Welcoming them to the signing ceremony, Mr Lee said Hong Kong is pleased to contribute to and serve the successful establishment and operation of the IOMed.
He outlined that upon its establishment, the IOMed will provide friendly, flexible, economical and efficient mediation services for international disputes.
On economic and trade co-operation, the Chief Executive said the Hong Kong Special Administrative Region Government attaches great importance to strengthening bilateral economic and trade relations with different countries.
In the face of emerging unilateralism and protectionism, Mr Lee emphasised that the Hong Kong SAR Government will remain steadfast in maintaining the city’s status as a free port and pursuing free trade policies, ensuring the free flow of goods, capital and information, and attracting enterprises from around the world to explore trading and investment opportunities in Hong Kong.
He highlighted that as an international financial, shipping and trade centre, Hong Kong is the only city that enjoys both “the China advantage” and “the global advantage”. He invited enterprises from all countries to leverage Hong Kong’s platform to explore overseas and Mainland markets.