Author: MIL-OSI Publisher

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14 arts projects get national funding

Source: Hong Kong Information Services

The Culture, Sports & Tourism Bureau announced today that a record high of 14 arts projects in Hong Kong are on the list to be funded by the China National Arts Fund 2026.

The projects include large-scale productions, small and medium-scale productions, visual arts creations, cultural exchanges, arts talent training, and youth in arts creation.

Secretary for Culture, Sports & Tourism Rosanna Law thanked the country for its support and recognition of the arts and culture sectors in Hong Kong.

She also congratulated the 14 selected Hong Kong arts projects.

“The projects selected this year cover a wide variety and some of the arts groups have again gained recognition from the China National Arts Fund, fully showcasing the thriving and diversified arts and cultural achievements of Hong Kong,” she said.

Following assessments, the adjudication panel of the China National Arts Fund selected 879 projects out of 11, 523 formal applications for the 2026 list.

The China National Arts Fund was introduced in 2022 to support projects from Hong Kong and Macau. A total of 57 Hong Kong arts projects have been selected so far.

The Government has implemented a number of policy measures to support the China National Arts Fund awardees in Hong Kong, including presenting relevant projects at the Chinese Culture Festival, as well as providing funding for the projects to go global and conduct exchanges, promoting Chinese culture while telling inspiring stories of Hong Kong, the bureau added.

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Remarks by SDEV at media session on arrangements requiring scaffold nets for external walls to be sampled on-site and tested

Source: Hong Kong Government special administrative region – 4

     Following are the remarks by the Secretary for Development, Ms Bernadette Linn, at a media session today (December 11) on arrangements requiring scaffold nets for external walls to be sampled on-site and tested:
 
Reporter: How many government laboratories are doing the testing now? What are their daily testing capacities at the moment? How often will the authorities conduct ad-hoc sampling after the scaffolding measures passed the test? And importantly, is the new system legally binding? What are the consequences for non-compliance? Finally, how exactly will the CIC assist the industry financially? As you just mentioned they need to bear the additional costs at the moment, are they financially viable?
 
Secretary for Development: Perhaps I will invite Mr Cheng (the Executive Director of the Construction Industry Council, Mr Albert Cheng) to take your third question first.
 
Regarding your first question about the number of laboratories currently doing the testing and in future. Currently, my understanding is that not many laboratories offer this service because there is no market since we are only introducing this new system requiring the products to be tested after their arrival in Hong Kong. Because previously, normally the suppliers, they will receive the certificate showing the testing results in the area of origin, so no testing is required within Hong Kong. But after our new system is out, we believe this service will be in demand, so we are right now contacting a number of laboratories. Let them know our new requirements and see if they can gear up their facilities and manpower to provide this service.
 
Your second question is about the legal liabilities. Yes, it is legally binding because what we have described just now, the procedures and the requirements, the specimens required and the way of collecting the specimens, will be specified in a practice note to be promulgated by the Buildings Department for the sector. And according to the Buildings Ordinance, if any contractor does not comply with the requirement regarding the testing and also putting up the scaffolding nets, for example, they put up scaffolding nets without going through this on-site sampling and testing, that will be a violation of the requirement and the immediate result is the ceasing of works. The Buildings Authority will then issue an order to cease works immediately and also there will be other sanctions under the law.
 
(Please also refer to the Chinese portion of the remarks.)

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Hong Kong Customs seizes suspected cannabis buds and duty-not-paid cigarettes at airport

Source: Hong Kong Government special administrative region

Hong Kong Customs seizes suspected cannabis buds and duty-not-paid cigarettes at airport.
The arrested person has been charged with one count of trafficking in a dangerous drug, one count of possessing duty-not-paid cigarettes and one count of failing to declare them to Customs officers. The case will be brought up at the West Kowloon Magistrates’ Court tomorrow (December 12).

Customs will continue to step up enforcement against drug trafficking activities through intelligence analysis. The department also reminds members of the public to stay alert and not to participate in drug trafficking activities for monetary return. They must not accept hiring or delegation from another party to carry controlled items into and out of Hong Kong. They are also reminded not to carry unknown items for other people.

Customs will continue to apply a risk assessment approach and focus on selecting passengers from high-risk regions for clearance to combat transnational drug trafficking activities.

Under the Dangerous Drugs Ordinance, trafficking in a dangerous drug is a serious offence. The maximum penalty upon conviction is a fine of $5 million and life imprisonment.

Under the Dutiable Commodities Ordinance, cigarettes are dutiable goods to which the DCO applies. Any person who imports, deals with, possesses, sells or buys illicit cigarettes commits an offence. The maximum penalty upon conviction is a fine of $2 million and imprisonment for seven years.

Members of the public may report any suspected drug trafficking activities to Customs’ 24-hour hotline 182 8080 or its dedicated crime-reporting email account (crimereport@customs.gov.hkIssued at HKT 22:16

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HKSAR Government strongly disapproves and rejects report of US Congressional-Executive Commission on China

Source: Hong Kong Government special administrative region

HKSAR Government strongly disapproves and rejects report of US Congressional-Executive Commission on China      
     A HKSAR Government spokesperson said, “The HKSAR Government strongly disapproves and opposes the CECC’s repeated tactics to interfere in the affairs of the HKSAR through the so-called annual report, and make slandering remarks against Hong Kong, where ‘one country, two systems’ is successfully implemented. The US is once again overriding the rule of law with politics and making unfounded and fact-twisting remarks. Such attempt to undermine the prosperity and stability of Hong Kong and interfere in Hong Kong’s law-based governance is doomed to fail.”
      
     The spokesperson reiterated, “The HKSAR Government steadfastly safeguards national sovereignty, security and development interests, and fully and faithfully lives up to the highest principle of ‘one country, two systems’. It will resolutely, fully and faithfully implement the Hong Kong National Security Law (HKNSL), the Safeguarding National Security Ordinance (SNSO) and other relevant laws safeguarding national security in the HKSAR, to effectively prevent, suppress and impose punishment for acts and activities endangering national security in accordance with the law, whilst maintaining the common law system, adhering to the principle of the rule of law and upholding the rights and freedoms of Hong Kong people in accordance with the law, so as to ensure the steadfast and successful implementation of the principle of ‘one country, two systems’. The HKSAR Government strongly demands the US to immediately stop acting against the international law and basic norms of international relations and interfering in China’s internal affairs and Hong Kong affairs.”
      
     Regarding the slandering remarks in the US’ so-called report and the relevant statement about the HKSAR, the Government solemnly rejects them in the ensuing paragraphs.
 
Safeguarding National Security
 
     The HKSAR Government spokesperson said, “The HKSAR Government strongly opposes the absurd and untrue content regarding legislation safeguarding national security in the HKSAR contained in the US’ so-called report. In accordance with international law and international practice based on the Charter of the United Nations, safeguarding national security is an inherent right of all sovereign states. Many common law jurisdictions, including the US, the United Kingdom, Australia and Canada, have enacted multiple pieces of legislation and implemented measures to safeguard national security.”
      
     “As the HKSAR Government has emphasised time and again that the laws safeguarding national security in the HKSAR are precisely for safeguarding national sovereignty, unity and territorial integrity; and ensuring the full and faithful implementation of the principle of ‘one country, two systems’ under which the people of Hong Kong administer Hong Kong with a high degree of autonomy. It also better safeguards the fundamental rights and freedoms of the residents of the HKSAR and other people in the city.
      
     “Extraterritorial effect for the offences endangering national security under the HKNSL and the SNSO fully aligns with the principles of international law, international practice and common practice adopted in various countries and regions. It is both necessary and legitimate, and is also in line with those of other countries and regions around the world (including the US, the United Kingdom, Australia, Canada and member states of the European Union). The Police have the responsibility to pursue those who are suspected of committing offences endangering national security outside Hong Kong.
      
     “As regards the offenses related to seditious intention, the courts of the HKSAR have ruled in different cases that the provisions relating to sedition are consistent with the relevant provisions of the Basic Law and the Hong Kong Bill of Rights on the protection of human rights, and that a proportionate and reasonable balance has been struck between safeguarding national security and protection of the freedom of speech. The offence is not meant to silence the expression of any opinion that is only genuine criticisms against the Government based on objective facts.
      
     “The so-called US report mentioning the custodial arrangements for Jimmy Chee-ying is completely baseless. The HKSAR Government has also publicly stated on numerous occasions that the medical services received by Lai Chee-ying in custody are adequate and comprehensive. The Correctional Services Department (CSD) attaches great importance to the safety and health of persons-in-custody (PICs). Regardless of the identities, ages and nationalities of PICs, the CSD is committed to ensuring that the custodial environment is secure, safe, humane, appropriate and healthy, as well as timely medical support. During an earlier public court hearing, senior counsel representing Lai Chee-ying clearly presented to the court that the correctional institutions had been arranging daily medical checkups for Lai Chee-ying and that there had been no complaints at all regarding the medical services he was receiving, and the Court commended the CSD. As for the arrangement for Lai Chee-ying’s removal from association from other PICs (i.e. the so-called ‘solitary confinement’), it has all along been made at his own request and approved by the CSD after considering all relevant factors in accordance with the law.”
      
Safeguarding Due Administration of Justice and Rule of Law
      
     The HKSAR Government emphasised that all judicial cases are handled strictly on the basis of evidence and in accordance with the law. All defendants will receive a fair trial strictly in accordance with laws applicable to Hong Kong (including the HKNSL and the SNSO) and as protected by the Basic Law and the Hong Kong Bill of Rights. The so-called report specifically mentioned cases on offences endangering national security involving Lai Chee-ying, wantonly smearing the law enforcement, prosecution and judicial organs of the HKSAR regarding the handling of the relevant cases. Their ulterior motives are obvious, namely, to interfere with the judicial proceedings in the HKSAR by means of political power in order to procure a defendant’s evasion of the criminal justice process. The HKSAR Government strongly condemned these blatant attempting to undermine the rule of law of the HKSAR.
      
     The HKSAR Government spokesman pointed out, “The Department of Justice, by virtue of Article 63 of the Basic Law, controls criminal prosecutions, makes independent prosecutorial decisions in accordance with the law, free from any interference. Prosecutions would be instituted by the Department of Justice only if there is sufficient admissible evidence to support a reasonable prospect of conviction, and if it is in the public interest to do so.”
      
     “The Judiciary of the HKSAR exercises judicial power independently in accordance with the law, and everyone charged with a criminal offence has the right to a fair hearing. All cases concerning offence endangering national security will be handled by the prosecution and judicial authorities of the HKSAR in a fair and timely manner in strict compliance with Article 42(1) of the HKNSL, with the procedural rights of defendants exercised in accordance with the law fully respected throughout the process. The courts decide cases strictly in accordance with the evidence and all applicable laws, and cases will never be handled any differently owing to the profession, political beliefs or background of the persons involved. The prosecution has the burden to prove beyond reasonable doubt the commission of an offence before a defendant may be convicted by the court.”
 
Safeguarding Rights and Freedoms
 
     The HKSAR Government spokesman said, “The HKSAR Government steadfastly safeguards the rights and freedoms enjoyed by Hong Kong people as protected under the law. Since Hong Kong’s return to the motherland, human rights in the city have always been robustly guaranteed constitutionally by both the Constitution and the Basic Law. The HKNSL and the SNSO also clearly stipulate that human rights shall be respected and protected in safeguarding national security in the HKSAR, and that the rights and freedoms, including the freedoms of speech, of the press, of publication, of association, of assembly, of procession and of demonstration, that Hong Kong residents enjoy under the Basic Law and the provisions of the International Covenant on Civil and Political Rights (ICCPR) and the International Covenant on Economic, Social and Cultural Rights as applied to Hong Kong, shall be protected in accordance with the law. Nonetheless, just as the case with other places in the world, such rights and freedoms are not absolute. The ICCPR also expressly states that some of them may be subject to restrictions as prescribed by law that are necessary for the protection of national security, public safety, public order or the rights and freedoms of others, etc. Indeed, Article 19 of the ICCPR specifically requires that journalists must observe and discharge ‘special duties and responsibilities’ including protection of national security or public order.
      
     “In fact, since the implementation of the HKNSL and the SNSO, the media landscape in Hong Kong has remained vibrant. However, the so-called ‘2025 Annual Report’ deliberately fabricated facts about freedom of the press and speech in Hong Kong. Like all other places in the world, freedom of the press and speech are not absolute. The media, like everyone else, has an obligation to abide by all the laws. The media continue to enjoy the freedom to comment on and criticise government policies without any restriction, as long as this is not in violation of the law. The court further cited precedents from the European Court of Human Rights regarding press freedom in the reasons for verdict of a relevant case, pointing out that the European Convention on Human Rights does not guarantee a wholly unrestricted freedom of speech even with respect to press coverage on matters of serious public concern. The most crucial point is that journalists must act in good faith and on accurate factual basis and provide reliable and precise information in accordance with the tenets of ‘responsible journalism’ in order to enjoy the protection of their rights to freedom of speech and press freedom. The US Government does not hesitate to take action against misleading and biased news reporting. Recently, it has set up a webpage to list such misleading and biased reporting of the media, and even described some of such media reports as ‘subversive’. The US CECC’s smearing of the HKSAR with double-standard is purely a shameful political maneuver.”
      
     As for the so-called annual report’s claim that women in Hong Kong faced discrimination and harassment in the workplace, this is an absurd accusation. The Sex Discrimination Ordinance protects women from discrimination, sexual harassment, and victimization in the prescribed area of employment.”
 
Maintaining long-term prosperity and stability
 
     Under “one country, two systems”, Hong Kong has the distinctive advantage of enjoying strong support of the motherland while being closely connected to the world. With such unparalleled connectivity, Hong Kong will continue to play its dual role as “super-connector” and “super value-adder”. Hong Kong will also continue to leverage its strengths to enhance its role as international financial, maritime and trade centres, among others, whilst proactively integrating into the overall development of our nation, including the Guangdong-Hong Kong-Macao Greater Bay Area development, the high-quality development of the Belt and Road Initiative, etc.. The HKSAR Government will continue to identify new areas for economic development and proactively compete for enterprises and talents with a view to promoting the sustainable development and enhancing the competitiveness of Hong Kong. As a matter of fact, Hong Kong has once again been ranked as the world’s freest economy by the Fraser Institute. On the other hand, the US enjoys significant economic benefits in Hong Kong and has realised a trade surplus of more than US$270 billion with Hong Kong over the past 10 years, the largest among US global trading partners. There are about 1 390 US companies with their businesses in Hong Kong. All these demonstrate the close and long-standing economic ties between Hong Kong and the US, as well as the vast business interests of the US in Hong Kong. A stable and prosperous Hong Kong is certainly of mutual benefits to Hong Kong and the US.
Issued at HKT 0:30

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New scaffold net regime introduced

Source: Hong Kong Information Services

The Development Bureau today announced a new mechanism for scaffold nets on external walls to be sampled on-site.

The regime, devised following the blaze at Wang Fuk Court in Tai Po, applies to scaffold nets used in repair projects as well as those used in new building works.

Specifically, contractors must provide certificates and test reports for the fire-retardant performance of the scaffold nets.

In addition, upon delivery of the scaffold nets to Hong Kong, contractors are required to take a specified number of samples in a specified manner, and send them to designated laboratories for testing. Samples must all pass the test before the scaffold nets can be installed. The Government’s enforcement departments will conduct random verification checks after the scaffold nets are installed.

Taking into account space constraints, the Buildings Department will allow on-site or off-site sampling. Contractors are required to establish a tracking system to the satisfaction of the department in order to ensure that the installed scaffold nets are from the same batches that have passed laboratory testing.

To facilitate the implementation of the new mechanism, the Government is identifying additional laboratories and aims to have a preliminary list drawn up next week. The Government has also initially identified a suitable site for the industry to conduct off-site sampling, which is expected to be ready for use next week.

Furthermore, to address the short-term surge in demand for scaffold nets and testing services, the Construction Industry Council will make special arrangements for collective bulk procurement and coordinated testing services.

Financial support

As of noon today, donations received by the Support Fund for Wang Fuk Court in Tai Po had reached about $3.2 billion. Combined with the $300 million in startup capital from the Government, this takes the fund to a total of around $3.5 billion.

The fund will provide a living allowance to each affected household. As of today, 1,784 cases had been processed.

The fund will also provide the families of each deceased victim with a $200,000 token of solidarity, as well as $50,000 to cover funeral costs. As of today, a total of 121 cases had been processed.

Welfare arrangements

The Advisory Committee on Mental Health today announced the launch of a programme to provide free mental health support services to bereaved families following the fire at Wang Fuk Court.

Separately, as of this morning, 1,457 residents had been accommodated under the co-ordination of the Home & Youth Affairs Bureau, in youth hostels, camps or hotel rooms. Another 2,796 residents have moved into transitional housing units provided by the Housing Bureau or the Hong Kong Housing Society.

Relief supplies

On the Government’s online platform for donated supplies, about 1,700 registrations have been received, with approximately 30% submitted by organisations. Over 19,500 donated items, covering various categories, have been distributed.

Regulation work

As of 4pm today, the Labour Department had inspected 440 construction sites, issued a total of 226 written warnings and 105 improvement notices, and taken out 25 prosecutions.

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Sports dispute scheme launched

Source: Hong Kong Information Services

The launch ceremony of the Pilot Scheme on Sports Dispute Resolution was held today and the scheme will start accepting case applications at the beginning of the first quarter of 2026.

The scheme aims to provide the sports sector with a fair, efficient and convenient mechanism for resolving sports disputes through mediation and arbitration, thereby contributing to the sustainable development of Hong Kong’s sports industry and promoting the city as an international centre for sports dispute resolution.

Deputy Secretary for Justice and Advisory Committee on Sports Dispute Resolution Chairperson Cheung Kwok-kwan, Secretary for Culture, Sports & Tourism Rosanna Law, and Director-General of the Department of Law of the Liaison Office of the Central People’s Government in the Hong Kong Special Administrative Region Liu Chunhua were in attendance.

Over 160 representatives from the sports and legal sectors, including the Sports Federation & Olympic Committee of Hong Kong, China, the Hong Kong Sports Institute, the Hong Kong Bar Association, the Law Society of Hong Kong and national sports associations, as well as some current and retired Hong Kong athletes, also joined the ceremony.

Speaking at the ceremony, Mr Cheung said that with the vibrant development of the sports industry, sports disputes are an inevitable result of interactions among stakeholders, adding that establishing a dedicated mechanism for resolving sports disputes is an important foundation for advancing the sports industry to new heights.

Mr Cheung reiterated that the scheme provides a fair, efficient, and convenient mechanism for resolving sports disputes through mediation and arbitration, promoting the development of the sports industry through free competition in a fair market.

The Department of Justice (DoJ) will collaborate with the legal and sports sectors to organise various promotional and training activities to further enhance public awareness of sports dispute resolution. Mr Cheung also encouraged professionals from different fields to actively participate in and make further contributions to the development of sports industry and dispute resolution services in Hong Kong.

Miss Law in her speech said that the Culture, Sports & Tourism Bureau fully supports the DoJ as well as the legal and sports sectors in jointly promoting the pilot scheme, which establishes a neutral, fair, and efficient mechanism to effectively handle various sports-related disputes and safeguard the legitimate rights and interests of athletes, coaches, sports organisations and all stakeholders.

She added that the pilot scheme also contributes to creating a healthier and more sustainable development environment, laying a solid foundation for the long-term future of sports in Hong Kong.

The AALCO Hong Kong Regional Arbitration Centre (AALCO-HKRAC) will administer the pilot scheme and provide institutional support for the conduct of mediation and arbitration.

Whereas the eBRAM International Online Dispute Resolution Centre (eBRAM) will provide the technological infrastructure and support required for the operation of the pilot scheme, with a view to promoting a wider use of lawtech and online dispute resolution services.

At the launch ceremony, Mr Cheung, on behalf of the DoJ, signed a memorandum of understanding with representatives from the AALCO-HKRAC and the eBRAM.

In the subsequent panel discussions, speakers from the legal and sports sectors, as well as the DoJ, engaged in in-depth discussions on the advantages of mediation and arbitration in resolving sports disputes and introduced the features of the pilot scheme.

The pilot scheme’s operational period will be two years followed by a review. It will adopt a mediation first, arbitration next approach to resolve both commercial and non-commercial sports disputes.

Featuring an online mediation and arbitration platform, the scheme will also expedite procedures to enhance the efficiency of dispute resolution and address urgent disputes that may arise during competition. The Government will provide subsidies for eligible cases. 

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Speech by SFST at 23rd Anniversary Gala Dinner of Chamber of Hong Kong Listed Companies (English only)

Source: Hong Kong Government special administrative region – 4

     Following is the speech by the Secretary for Financial Services and the Treasury, Mr Christopher Hui, at the 23rd Anniversary Gala Dinner of The Chamber of Hong Kong Listed Companies today (December 11):
 
K C (Chairperson of the Chamber, Professor K C Chan), Mike (Chief Executive Officer of the Chamber, Mr Wong Ming-wai), distinguished guests, ladies and gentlemen,
 
     It is my pleasure to join you tonight at the 23rd Anniversary Gala Dinner of the Chamber of Hong Kong Listed Companies.
 
     For more than two decades, the Chamber has played a pivotal role in strengthening Hong Kong’s position as a leading international financial centre. By fostering collaboration between listed companies, regulators, and the Government, the Chamber has helped shape the development of our markets. Today, as global finance undergoes profound transformation – from shifting capital flows to rising demand for resilience, innovation, and connectivity – Hong Kong stands firmly at the heart of this change. Our city continues to demonstrate agility and strength.
 
Market vibrancy and resilience
 
     Hong Kong’s capital markets are distinguished by their breadth, depth, and regional connectivity. With over 2 600 companies listed on the HKEX (Hong Kong Exchanges and Clearing Limited) spanning diverse industries, our market capitalisation reached HK$48 trillion by the end of November this year – a 41 per cent increase year-on-year. Average daily turnover in the first 11 months of this year exceeded HK$255 billion, almost double the figure from the same period last year.
 
     We have also reclaimed our position as the world’s top initial public offering (IPO) venue. By November, IPO proceeds totalled HK$259 billion, a remarkable 228 per cent increase year-on-year. Ninety-three new companies have been listed this year, attracting strong interest from international institutional investors. The pipeline is equally promising, with over 300 companies preparing to list – the highest on record – and more than 40 per cent of them from the technology sector. Beyond IPOs, Hong Kong also ranks among the top three exchanges globally for follow-on issuance, raising over US$85 billion as of late November.
 
     This success is no accident. It reflects co-ordinated efforts by the Government, regulators, the HKEX, and industry peers to modernise our listing regime and attract high-quality issuers. Since 2018, reforms have made our platform more inclusive and competitive, welcoming new economy and technology enterprises. Streamlined pathways for overseas issuers, flexible disclosure standards and enhanced vetting timetables have further strengthened our appeal. The surge in activity this year is a testament to renewed investor confidence and the effectiveness of these reforms.
 
Advancing Renminbi (RMB) internationalisation
 
     Hong Kong is not only a hub for capital formation but also a strategic platform for RMB internationalisation. Leveraging our role as the world’s leading offshore RMB centre, we have built a suite of mutual market access programmes – Stock Connect, Bond Connect, Swap Connect – that link international investors with Mainland markets. These programmes have become essential infrastructure for cross-border investment and risk management.
 
     Recent enhancements have expanded product scope, improved settlement efficiency, and deepened integration. In the first three quarters of 2025, Northbound Stock Connect trading averaged over RMB200 billion daily, while Southbound trading reached an average of over HK$120 billion. Notably, Southbound inflows surged to HK$1.17 trillion – already surpassing last year’s total by nearly 45 per cent. Southbound trading now accounts for nearly a quarter of Hong Kong’s market turnover, underscoring the strength of Mainland investor participation.
 
     Beyond equities, we are also determined to reinforce Hong Kong’s role as a global fixed income and currency (FIC) hub – a cornerstone of the offshore RMB ecosystem. The Roadmap for the Development of FIC Markets, jointly announced by the Securities and Futures Commission and the Hong Kong Monetary Authority, sets out 10 initiatives across four pillars to guide policy and implementation. These measures aim to attract issuers, provide risk and liquidity management tools, boost offshore RMB usage, and develop next-generation infrastructure for innovation.
 
Reforming for growth and innovation
 
     Looking ahead, we are committed to sustaining momentum and unlocking new opportunities. A comprehensive review of the listing regime is underway, covering requirements for primary, secondary, and dual listings, as well as post-listing obligations. We are also broadening product offerings, fostering regional collaboration on exchange-traded fund (ETF) listings, and expanding the number of recognised exchanges to encourage two-way capital flows.
 
     At the same time, we are advancing initiatives to improve trading efficiency and strengthen risk management. Technical upgrades are supporting the transition to an uncertificated securities market, while further consultation will take place on adopting a T+1 settlement cycle for cash equities. Legislative work is also progressing to facilitate stamp duty payments in RMB, further promoting the currency’s use in cross-border transactions.
 
     On mutual market access, new measures are being taken forward with a view to their early implementation, including offshore Mainland government bond futures, block trading of stocks, and the inclusion of RMB counters. These steps will deepen integration and reinforce Hong Kong’s role as the gateway to Mainland opportunities.
 
Driving ESG awareness and strengthening sustainability disclosures
 
     Market development must go hand in hand with market quality and sustainability. Tonight’s Gala Dinner highlights a theme central to our future: corporate governance and ESG (environmental, social and governance). These are the foundations of integrity and sustainable growth in our capital markets. The Chamber has long championed excellence in governance and ESG, encouraging issuers to embed these values in their culture. I extend my heartfelt gratitude for its leadership.
 
     We are committed to raising governance standards and creating an environment conducive to long-term capital inflows. Since 2022, the HKEX has implemented Core Shareholder Protection Standards and revised the Corporate Governance Code, strengthening practices in areas such as board independence, diversity, and shareholder communication. Following extensive consultation, new measures to enhance board effectiveness, independence, and risk management have been rolled out in phases since July this year, reflecting rising global investor expectations.
 
     Equally important are sustainability disclosures aligned with international standards. In January, The HKEX introduced new climate-related disclosure requirements, closely aligned with IFRS (International Financial Reporting Standards) S2 standards. This positions Hong Kong among the first exchanges globally to adopt such measures, reinforcing our role as a sustainable finance centre and preparing issuers for eventual local sustainability reporting.
 
     Our sustainable finance ecosystem continues to grow. By September, Hong Kong hosted over 500 green, social, and sustainable bonds and 10 ESG-related ETFs. We are now the world’s second-largest biotech fundraising hub and the largest EV (electric vehicles) fundraising ecosystem. The introduction of Chapter 18C has further facilitated listings by specialist technology companies, including green tech enterprises. Going forward, we will work closely with regulators and the HKEX to strengthen ESG frameworks and support corporates on their sustainability journey.
 
Closing
 
     Ladies and gentlemen, as we conclude a busy and transformative year, I wish to thank the Chamber and its members for your invaluable contributions to the growth and quality of our markets. As we continue to enhance competitiveness, deepen connections with the Mainland, and strengthen ties with the global business community, I am confident that the Government can count on your partnership. Together, we will ensure Hong Kong remains not only efficient and innovative, but also inclusive, sustainable, and responsive to the aspirations of investors and enterprises across our country and region.
 
     Finally, let me congratulate the Chamber on its 23rd anniversary, and extend warm congratulations to the recipients of this year’s Corporate Governance and ESG Excellence Awards.
 
     I wish you all a pleasant evening, and a healthy and prosperous year ahead. Thank you.

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Launching ceremony of Pilot Scheme on Sports Dispute Resolution held today

Source: Hong Kong Government special administrative region – 4

     The launching ceremony of the Pilot Scheme on Sports Dispute Resolution was held at Kai Tak Stadium today (December 11).
 
     The pilot scheme, launched by the Department of Justice (DoJ) and supported by the Culture, Sports and Tourism Bureau (CSTB) as one of the initiatives under the Policy Address, aims to provide the sports sector with a fair, efficient and convenient mechanism for resolving sports disputes through mediation and arbitration, thereby contributing to the sustainable development of Hong Kong’s sports industry and promoting Hong Kong as an international centre for sports dispute resolution.
 
     The Deputy Secretary for Justice and Chairperson of the Advisory Committee on Sports Dispute Resolution, Dr Cheung Kwok-kwan; ​​the Secretary for Culture, Sports and Tourism, Miss Rosanna Law; the Director-General of the Department of Law of the Liaison Office of the Central People’s Government in the Hong Kong Special Administrative Region, Mr Liu Chunhua; the Commissioner for Sports, Mr George Tsoi; and Vice-President of the Sports Federation & Olympic Committee of Hong Kong, China (SF&OC), Mr Kenneth Fok, attended the launching ceremony. Over 160 representatives from the sports and legal sectors, including the SF&OC, the Hong Kong Sports Institute, the Hong Kong Bar Association, the Law Society of Hong Kong and national sports associations, as well as some current and retired Hong Kong athletes, also joined the ceremony.
 
     Delivering a speech at the ceremony, Dr Cheung said that with the vibrant development of the sports industry, sports disputes are an inevitable result of interactions among stakeholders; therefore, establishing a dedicated mechanism for resolving sports disputes is an important foundation for advancing the sports industry to new heights.
 
     Dr Cheung stated that the DoJ has been working closely with the sports and legal sectors on the launch of the pilot scheme over the past two years. This scheme provides a fair, efficient, and convenient mechanism for resolving sports disputes through mediation and arbitration, promoting the development of the sports industry through free competition in a fair market. The DoJ will continue to collaborate with the legal and sports sectors to organise various promotional and training activities to further enhance public awareness of sports dispute resolution. He also encouraged professionals from different fields to actively participate in and make further contributions to the development of sports industry and dispute resolution services in Hong Kong.
 
     Miss Law in her speech said that the CSTB fully supports the DoJ as well as the legal and sports sectors in jointly promoting the Pilot Scheme on Sports Dispute Resolution, which establishes a neutral, fair, and efficient mechanism to effectively handle various sports-related disputes and safeguard the legitimate rights and interests of athletes, coaches, sports organisations and all stakeholders. The pilot scheme not only addresses the current practical needs of the sector, but also contributes to creating a healthier and more sustainable development environment, laying a solid foundation for the long-term future of sports in Hong Kong.
 
     At the launching ceremony, Dr Cheung, on behalf of the DoJ, signed a memorandum of understanding with the representatives from the AALCO Hong Kong Regional Arbitration Centre (AALCO-HKRAC) and the eBRAM International Online Dispute Resolution Centre (eBRAM). The AALCO-HKRAC will administer the pilot scheme and provide institutional support for the conduct of mediation and arbitration, while eBRAM will provide the technological infrastructure and support required for the operation of the pilot scheme, with a view to promoting a wider use of lawtech and online dispute resolution services.
 
     In the subsequent panel discussions, speakers from the legal and sports sectors, as well as the DoJ, engaged in in-depth discussions on the advantages of mediation and arbitration in resolving sports disputes and introduced the features of the pilot scheme.
 
     To implement the pilot scheme, the DoJ established the Advisory Committee on Sports Dispute Resolution, comprising representatives from the CSTB, the Hong Kong Bar Association, and the Law Society of Hong Kong early this year. It also invited proposals from interested dispute resolution institutions and online dispute resolution institutions for the operation of the pilot scheme in June. The Advisory Committee then conducted a rigorous review of the proposals received based on a set of published assessment criteria. The AALCO-HKRAC and the eBRAM have been selected to serve respectively as the administering body and the technology provider of the pilot scheme.
 
     The pilot scheme will begin accepting case applications at the beginning of the first quarter of 2026, with an operational period of two years followed by a review. It will adopt a “mediation first, arbitration next” approach to resolve both commercial and non-commercial sports disputes. The pilot scheme features an online mediation and arbitration platform, as well as expedited procedures to enhance the efficiency of dispute resolution and address urgent disputes that may arise during competition. The Government will provide subsidy for eligible cases.

                    

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RGC holds inaugural Research Summit

Source: Hong Kong Government special administrative region

RGC holds inaugural Research Summit  
     The Research Grants Council (RGC) held its inaugural Research Summit, titled “Forging Frontiers: Shaping the Future of Knowledge and Discovery” today (December 11) at the Hong Kong Science Park. The Summit, supported by all eight University Grants Committee (UGC)-funded universities, was cohosted by the RGC and the Hong Kong Polytechnic University. The event, which was organised to highlight the research impacts and achievements of Hong Kong’s higher education and to deepen international exchanges and co-operation, attracted the participation of more than 700 members of the local and international research communities.

     Speaking at the opening session of the Summit, the Secretary for Education, Dr Choi Yuk-lin, said that, “Hong Kong is ready to grow into a strategic hub for innovation through more joint research initiatives and endeavours. We have a strong track record of outstanding and impactful research as demonstrated by the success of our universities’ performance. The Government is committed to supporting the UGC and the RGC’s efforts in nurturing our pool of emerging research talent and taking forward innovative research.”Issued at HKT 17:56

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Woman arrested on suspicion of illegally possessing and selling slimming products containing banned and controlled drug ingredients

Source: Hong Kong Government special administrative region – 4

In response to suspected illegal sales of slimming products containing banned and undeclared controlled drug ingredients on social media platforms, the Department of Health (DH) today (December 11) carried out enforcement operations in Tseung Kwan O and Tai Po with the Police. During the operations, a 27-year-old woman was arrested.

Acting upon intelligence, the DH had earlier purchased samples of two slimming products via an instant messaging application and sent them to the Government Laboratory for analysis. The test results revealed that one capsule sample, packaged in a black plastic container labelled “HELLO GIRL time to show your figure” (see photo 1), contained sibutramine and frusemide. The other capsule sample, packaged in an unlabelled blue plastic container (see photo 2), contained sibutramine, N-desmethylsibutramine and frusemide. All three ingredients are Part 1 poisons under the Pharmacy and Poisons Ordinance (Cap. 138) (PPO). The two products concerned are also suspected to be unregistered pharmaceutical products.

The DH urged members of the public who have purchased the products concerned to stop consuming them immediately, and reminded the public not to buy or consume products of doubtful composition or from unknown sources. The DH will continue to investigate the incident and take appropriate follow-up actions.

Sibutramine was once used as an appetite suppressant. Since November 2010, pharmaceutical products containing sibutramine have been banned for use and sale in Hong Kong due to an increased cardiovascular risk. N-desmethylsibutramine is a substance structurally similar to sibutramine. Frusemide is used for the treatment of heart diseases, and its side effects include low blood pressure and electrolyte imbalance. Medicines containing frusemide should be used under a doctor’s direction and be supplied on the premises of an Authorized Seller of Poisons (i.e. pharmacy) under the supervision of a registered pharmacist upon a doctor’s prescription.

According to the PPO, all pharmaceutical products must be registered with the Pharmacy and Poisons Board of Hong Kong before they can be sold in the market. Illegal sale or possession of unregistered pharmaceutical products or Part 1 poisons are criminal offences. The maximum penalty for each offence upon conviction is a fine of $100,000 and two years’ imprisonment.

The DH reminded members of the public that all registered pharmaceutical products should carry a Hong Kong registration number on the package in the format of “HK-XXXXX”. The safety, quality and efficacy of unregistered pharmaceutical products are not guaranteed.

People who have purchased the products concerned should stop consuming them immediately and consult healthcare professionals if in doubt or if they feel unwell after consumption. They may submit the products to the Drug Office of the DH at Room 1804-06, 18/F, Wing On Kowloon Centre, 345 Nathan Road, Kowloon, during office hours for disposal.

Weight control should be achieved through a balanced diet and appropriate exercise. The public should consult healthcare professionals before consuming any medication for weight control. They may visit the website of the Drug Office of the DH for “Health message on overweight problem and slimming products” and “Slimming products with undeclared Western drug ingredients” for information.