Author: MIL-OSI Publisher

Posted on

Tender results of 10-year RMB HKSAR Institutional Government Bonds

Source: Hong Kong Government special administrative region

Tender results of 10-year RMB HKSAR Institutional Government Bonds 
The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced that a tender for 10-year RMB institutional Government Bonds (issue number 10GB3505001) under the Infrastructure Bond Programme was held today (May 13).
 
A total of RMB1.0 billion 10-year Government Bonds were offered today. A total of RMB6.814 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 6.81. The average price accepted is 101.91, implying an annualised yield of 2.088 per cent.

HKSAR Institutional Government Bonds Tender Results
 
Tender results of 10-year RMB HKSAR Institutional Government Bonds:
 

Tender DateIssued at HKT 17:26

NNNN

Posted on

Tender results of 5-year RMB HKSAR Institutional Government Bonds

Source: Hong Kong Government special administrative region

Tender results of 5-year RMB HKSAR Institutional Government Bonds 
The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced that a tender for 5-year RMB institutional Government Bonds (issue number 05GB3005001) under the Infrastructure Bond Programme was held today (May 13).
 
A total of RMB1.5 billion 5-year Government Bonds were offered today. A total of RMB10.753 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 7.17. The average price accepted is 101.46, implying an annualised yield of 1.672 per cent.

HKSAR Institutional Government Bonds Tender Results
 
Tender results of 5-year RMB HKSAR Institutional Government Bonds:
 

Tender DateIssued at HKT 17:25

NNNN

Posted on

Tender results of 2-year RMB HKSAR Institutional Government Bonds

Source: Hong Kong Government special administrative region

Tender results of 2-year RMB HKSAR Institutional Government Bonds 
A total of RMB1.5 billion 2-year Government Bonds were offered today. A total of RMB11.905 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 7.94. The average price accepted is 100.14, implying an annualised yield of 1.643 per cent. 
Tender results of 2-year RMB HKSAR Institutional Government Bonds:
 

Tender Date* Calculated as the amount of bonds applied for over the amount of bonds issued.

Note: The yields stated above are annualised yields. For reference, the semi-annualised yields corresponding to the average price accepted, lowest price accepted, and average tender price are 1.637 per cent, 1.654 per cent, and 1.747 per cent respectively.
Issued at HKT 17:24

NNNN

Posted on

Results of monthly survey on business situation of small and medium-sized enterprises for April 2025

Source: Hong Kong Government special administrative region

     The Census and Statistics Department (C&SD) released today (May 13) the results of the Monthly Survey on Business Situation of Small and Medium-sized Enterprises (SMEs) for April 2025.
 
     The current diffusion index (DI) on business receipts amongst SMEs decreased from 43.5 in March 2025 in the contractionary zone to 41.2 in April 2025, whereas the one-month’s ahead (i.e. May 2025) outlook DI on business receipts was 43.6. Analysed by sector, the current DIs on business receipts for majority of the surveyed sectors dropped in April 2025 as compared with previous month, particularly for the import and export trades (from 45.1 to 40.2) and business services (from 48.4 to 45.3).
  
     The current DI on new orders for the import and export trades decreased from 46.6 in March 2025 to 42.0 in April 2025, whereas the outlook DI on new orders in one month’s time (i.e. May 2025) was 43.8.
 
Commentary
 
     A Government spokesman said that business sentiment among SMEs and their outlook in one month’s time both weakened in April, as the headwinds and uncertainties in the external environment increased sharply after the United States (US) announced significant increases in import tariffs last month. The overall employment situation also softened.
 
     Looking ahead, while trade tensions have eased somewhat of late, the uncertainty of US’ trade policy will still affect the economic outlook and business sentiment. The Government will continue to monitor the situation closely.
 
Further information
 
     The Monthly Survey on Business Situation of Small and Medium-sized Enterprises aims to provide a quick reference, with minimum time lag, for assessing the short-term business situation faced by SMEs. SMEs covered in this survey refer to establishments with fewer than 50 persons engaged. Respondents were asked to exclude seasonal fluctuations in reporting their views. Based on the views collected from the survey, a set of diffusion indices (including current and outlook diffusion indices) is compiled. A reading above 50 indicates that the business condition is generally favourable, whereas that below 50 indicates otherwise. As for statistics on the business prospects of prominent establishments in Hong Kong, users may refer to the publication entitled “Report on Quarterly Business Tendency Survey” released by the C&SD.
 
     The results of the survey should be interpreted with care. The survey solicits feedback from a panel sample of about 600 SMEs each month and the survey findings are thus subject to sample size constraint. Views collected from the survey refer only to those of respondents on their own establishments rather than those on the respective sectors they are engaged in. Besides, in this type of opinion survey on expected business situation, the views collected in the survey are affected by the events in the community occurring around the time of enumeration, and it is difficult to establish precisely the extent to which respondents’ perception of the business situation accords with the underlying trends. For this survey, main bulk of the data were collected around the last week of the reference month.
 
     More detailed statistics are given in the “Report on Monthly Survey on the Business Situation of Small and Medium-sized Enterprises”. Users can browse and download the publication at the website of the C&SD (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1080015&scode=300).
 
     Users who have enquiries about the survey results may contact Industrial Production Statistics Section of the C&SD (Tel: 3903 7246; email: sme-survey@censtatd.gov.hk).

Posted on

36 elector registrations approved

Source: Hong Kong Information Services

The Candidate Eligibility Review Committee (CERC) today published a gazette notice to declare 36 registrations of ex-officio Election Committee (EC) members as valid.

Under the law, specified office-holders may register as ex-officio EC members.

The Registration & Electoral Office received 36 registrations involving five subsectors – architectural, surveying, planning & landscape; education; engineering; medical & health services, and social welfare.

The CERC reviewed the registrations and determined them to be valid.

Posted on

CAS exercise for responding to severe weather conditions concludes smoothly

Source: Hong Kong Government special administrative region

     The Civil Aid Service (CAS) organised an exercise codenamed “WINDSTORM”, at Wan Tuk Creek on Lantau Island today (May 13) to enhance its communication, co-ordination, contingency planning and mobilisation capabilities for severe weather and other emergencies, bolstering command control and operational efficiency of the CAS in handling emergency incidents.
 
     The exercise simulated various scenarios, including residents trapped by floods, fallen trees blocking roads and handling casualties. During the exercise, CAS rescue teams swiftly established an emergency command system, set up casualty collection stations and utilised rescue technologies such as drones, robotic dogs and remote-controlled lifebuoys to conduct rescue operations, ensuring that actions were carried out effectively and rapidly.
 
     Approximately 100 officers and members participated in the exercise, which enhanced the awareness and handling capabilities of the personnel and improved co-ordination and communication among the units in responding to emergencies.
 
     In addition, to strengthen the response to extreme weather conditions, the CAS will add one more flood rescue team this year. Training for responding to floods and rescue operations will also be enhanced.

Posted on

SCED to attend APEC trade ministers meeting in Korea

Source: Hong Kong Government special administrative region

SCED to attend APEC trade ministers meeting in Korea 
Under the theme “Building a Sustainable Tomorrow” for APEC this year, the meeting will focus discussions on topics under three priorities: “Connect, Innovate, Prosper”. 
Mr Yau will also meet with other trade ministers to exchange views on issues of mutual interest on the sidelines of the MRT Meeting.
 
Mr Yau will return to Hong Kong on the morning of May 17. During his absence, the Under Secretary for Commerce and Economic Development, Dr Bernard Chan, will be the Acting Secretary for Commerce and Economic Development.
Issued at HKT 9:00

NNNN

Posted on

Nat’l security subsidiary laws in effect

Source: Hong Kong Information Services

The Acting Chief Executive-in-Council today approved the making of two pieces of subsidiary legislation under the Safeguarding National Security Ordinance (SNSO), which were gazetted and came into effect immediately.

They provide specific details in respect of the provisions of the Hong Kong National Security Law (HKNSL) concerning the mandate of the Office for Safeguarding National Security of the Central People’s Government (CPG) in the Hong Kong Special Administrative Region (OSNS) and declare the premises where the OSNS performs its mandate as prohibited places.

The Hong Kong SAR Government said national security risks to which the Hong Kong SAR is exposed can arise all of a sudden with the increasingly turbulent global geopolitical landscape.

Therefore, the Hong Kong SAR Government must perform its constitutional duty to continue to improve the legal system and enforcement mechanisms for safeguarding national security and to formulate comprehensive measures for safeguarding national security to better implement the mechanisms for safeguarding national security, and prevent and tackle in a timely manner national security risks that may arise unexpectedly.

The subsidiary legislation clearly outlines the Hong Kong SAR Committee for Safeguarding National Security (CSNS) making an overall plan for, and co-ordinating, the implementation of the opinions provided by the OSNS on the OSNS’s oversight and guidance, and the CSNS Secretariat’s assistance in giving effect thereto, for the better carrying into effect of the relevant provisions of the HKNSL.

The HKNSL Aricle 55 provides that the OSNS shall, upon approval by the CPG, exercise jurisdiction over a case concerning the four types of offences endangering national security under the HKNSL under three specified special circumstances, which target a very small number of endangering national security cases that are of a serious and egregious nature and involve a significant impact.

The subsidiary legislation provides for the implementation details, including requirements on public servants to provide all necessary and reasonable assistance to the OSNS in a timely manner; any person must comply with legal instrument issued by the OSNS under the HKNSL Article 57; and the provision of immunity from civil liability for complying with the OSNS’s legal instrument. Furthermore, the subsidiary legislation provides for relevant offences, including offences for failing to comply with legal instrument, providing false or misleading information, and disclosing information on the OSNS’s investigation.

The subsidiary legislation also provides for specific details in respect of the provisions of the HKNSL regarding protection in respect of the OSNS and its staff in the performance of its mandate, including requirements on the Hong Kong SAR Government and any public servant to provide, in accordance with the law and in a timely manner, all necessary and reasonable assistance, facilitation, support, backing and protection; admissibility of an identification document or a document of certification created or issued by the OSNS to be in evidence in legal proceedings; making the acts of wilfully resisting or obstructing the OSNS in the performance of a duty, impersonating a staff member of the OSNS, or forging documents of the OSNS, an offence; and the obligation of any person to keep confidential the work-related information in connection with the OSNS.

In addition, the subsidiary legislation clearly sets out the detailed addresses of the prohibited places and the clear coordinates of the points that can be linked to clearly define the entire prohibited area.

Noting that the subsidiary legislation will go through the negative vetting procedure at the Legislative Council, the Hong Kong SAR Government said it will make every effort for the early completion of the scrutiny with a view to effectively safeguarding national security as soon as possible.

It added that the subsidiary legislation will not affect the lives of the general public, nor the normal operation of any institution and organisation. Plus, the places designated as prohibited places do not involve private residences and will not cause any unreasonable impact on the surrounding community.