Hong Kong’s latest foreign currency reserve assets figures released

Source: Hong Kong Government special administrative region

Hong Kong’s latest foreign currency reserve assets figures released      
     There were no unsettled foreign exchange contracts at end-June 2026 (end-May 2026: US$0.3 billion). 
      
     The total foreign currency reserve assets of US$445.9 billion represent over five times the currency in circulation or about 38 per cent of Hong Kong dollar M3.
 
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     At present, four press releases relating to the Exchange Fund’s data are issued by the HKMA each month. Three of these releases are issued to disseminate monetary data in accordance with International Monetary Fund’s Special Data Dissemination Standard (SDDS). The fourth press release, on the Exchange Fund’s Abridged Balance Sheet and Currency Board Account, is made in accordance with the HKMA’s policy of maintaining a high level of transparency. For the month of July 2026, the scheduled dates for issuing the press releases are as follows:
 

July 7 (Hong Kong’s Latest Foreign Currency Reserve Assets Figures)(Analytical Accounts of the Exchange Fund)Foreign Currency LiquidityCurrency Board AccountIssued at HKT 16:30

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Opening ceremony of Jockey Club Women Wellness Satellite under Primary Healthcare Commission held today

Source: Hong Kong Government special administrative region – 4

     The opening ceremony of the Women Wellness Satellite under the Primary Healthcare Commission (PHC Commission) was held today (July 7), marking a new milestone in primary healthcare services focused on women’s holistic health. Effective today, the Women Wellness Satellite has been officially named the Jockey Club Women Wellness Satellite (WWS).

     The Under Secretary for Health, Dr Cecilia Fan, officiated at the opening ceremony and naming ceremony of the WWS today. She said, “Integrating services of the Department of Health’s Woman Health Centres and setting up the WWS has implemented the development directions and strategies for strengthening the primary healthcare system set out in the Primary Healthcare Blueprint by the Hong Kong Special Administrative Region Government. It also aligns with the Chief Executive’s proposal in the 2024 Policy Address to promote the development of primary healthcare on all fronts, demonstrating the great importance the Government attaches to women’s health.” Operated by the Tung Wah Group of Hospitals (TWGHs) under the commission of the PHC Commission, the three WWSs located on Hong Kong Island, in Kowloon and in the New Territories respectively have commenced operations in phases since June last year. They form a network with the District Health Centres/District Health Centre Expresses (collectively referred to as DHCs) across all 18 districts in Hong Kong to provide eligible women with prevention-oriented and more personalised women’s health services. As of the end of April this year, the WWSs have recorded a cumulative total of more than 18 200 attendances.

     “To address the specific health needs of women planning for pregnancy, the WWS plans to introduce pre-pregnancy services within this year. The services will cover health assessments, individual consultations and education, doctor consultations as well as examinations and follow-ups according to protocol-driven care pathways. At the same time, the Government is actively exploring the introduction of Chinese medicine services at the WWS tailored to women’s health needs, with a view to providing women with a more comprehensive health support network.”

     The related works and medical equipment of the three WWSs are funded by the Hong Kong Jockey Club Charities Trust. In appreciation of the Hong Kong Jockey Club’s support in promoting primary healthcare services for women, the three WWSs have been named the Jockey Club Women Wellness Satellite (Hong Kong), the Jockey Club Women Wellness Satellite (Kowloon) and the Jockey Club Women Wellness Satellite (New Territories) respectively, effective today. 

     The Chief Executive of the Hospital Authority, Dr Libby Lee; the Commissioner for Primary Healthcare of the Health Bureau, Dr Pang Fei-chau; the Deputy Director of Health, Dr Edmund Fong; the Head of Charities (Health & Older Adults Cluster) of the Hong Kong Jockey Club, Ms Imelda Chan; and the Chairman of the TWGHs, Mr York Tseng, also attended the ceremony today.

     Through a co-payment model, the WWS provides personalised women’s health services to women holding a Hong Kong identity card or a Certificate of Exemption. Those who wish to use the services have to register as members of the DHC and give consent to enrol in eHealth. The DHC will arrange health risk assessments and family doctor pairings, and arrange for users to receive services at the WWS as needed. Apart from providing free health education for eligible women, the WWS offers services such as basic health assessments, individual consultations, cervical and breast cancer screenings to participants upon paying the co-payment. After assessment, participants with clinical needs for laboratory tests can also access relevant private laboratory services. Moreover, the WWS has also introduced various value-added services, including breast ultrasounds, 3D mammograms, human papillomavirus (HPV) DNA testing, HPV testing by self-sampling, and vaccination services. Members of the public can visit the WWS website for more information on the services and service charges of the WWS.

New Measures to support development of Hong Kong’s fixed income and currency market and offshore Renminbi business

Source: Hong Kong Government special administrative region – 4

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

     The Hong Kong Monetary Authority (HKMA), the People’s Bank of China (PBoC) and the Securities and Futures Commission (SFC) announced today (July 7) a series of new measures to deepen the financial co-operation between Hong Kong and the Chinese Mainland, support the development of Hong Kong’s fixed income and currency (FIC) market and offshore Renminbi (RMB) business, and reinforce Hong Kong’s position as an international financial centre. These measures include:
 

  1. supporting the collaboration of financial infrastructure institutions in Hong Kong and Chinese Mainland to develop a Hong Kong FIC electronic trading platform;
  2. further enhancing and expanding the Southbound Bond Connect, including increasing the annual investment quota, developing bond repurchase (repo) business using Southbound Bond Connect bonds as collateral, expanding the product scope to cover products with HKD bonds and RMB bonds as underlying assets, connecting to the Macao bond market, and enhancing the management of Southbound Bond Connect market makers;
  3. supporting the inclusion of onshore bonds issued by the Ministry of Finance and Mainland policy banks that are held under Northbound Bond Connect as eligible margin collateral at the HKFE Clearing Corporation and the SEHK Options Clearing House;
  4. enhancing the Northbound Bond Connect operational arrangement to extend the settlement time and improve efficiency;
  5. further enhancing the Swap Connect to include the interbank Seven-Day Fixing Depository-Institutions Repo Rate (FDR007) as a reference rate; and
  6. supporting the launch of Hong Kong Exchanges and Clearing Limited Five-Year China Government Bond Futures in Hong Kong on August 3.

 
     Building on this, the HKMA also announced five measures to support the development of the offshore RMB market and strengthen Hong Kong’s role as a leading offshore RMB business hub, thereby enabling greater outreach to other regions and enhancing support for the real economy. These measures, underpinned by strong support from the PBoC, address industry suggestions for developing the offshore RMB market. These include:
 

  1. increasing the size of the HKMA’s RMB Business Facility from RMB200 billion to RMB500 billion and extending tenors to include nine-month, two-year and three-year, effective on July 10;
  2. exploring to introduce a tendering mechanism of seven-day offshore RMB liquidity;
  3. exploring the issuance of offshore RMB short-term debt instruments to support the building of the offshore RMB yield curve;
  4. promoting the development of a bilateral currency transaction framework between Indonesian Rupiah and offshore RMB; and
  5. issuing good practices to banks to promote RMB adoption.

 
     The Chief Executive of the HKMA, Mr Eddie Yue, said, “We are pleased to announce this series of measures, which will further deepen cross-boundary financial co-operation, strengthen financial market connectivity between Hong Kong and the Chinese Mainland, promote the development of Hong Kong’s fixed income and currency market, and reinforce Hong Kong’s position as an offshore RMB business hub and international financial centre. These measures are the result of concerted efforts of the HKMA, the PBoC and other relevant financial regulatory authorities in Hong Kong and on the Chinese Mainland. We will continue to work closely with the relevant regulatory authorities, the industry and financial infrastructure institutions to ensure timely and smooth implementation of the measures, and explore further enhancements.”

Public consultation launched by Government on improving laws on sexual offences in Hong Kong

Source: Hong Kong Government special administrative region – 4

The Government announced today (July 7) the launch of a one-month public consultation on proposals to improve the laws on sexual offences in Hong Kong. 
 
A Government spokesman said, “The Government attaches great importance to the well-being of the general public, in particular children and persons with mental impairment (PMIs), and is committed to protecting them from sexual exploitation and abuse. This is the Government’s original intent in enacting the laws on sexual offences.”
 
The spokesman further said, “At present, many of the sexual offences in Hong Kong are based on similar provisions in the laws of England enacted in 1956. Social perceptions related to sexual offences have been evolving over the years. Meanwhile, there are inadequacies in the existing sexual offence provisions. For instance, some provisions lack clarity and certainty with outdated terminologies; some offences lack consistency on treatments across genders, or carry distinctions based on sexual orientation; the provisions and penalties of some sexual offences are not fully commensurate with the gravity of the relevant acts, etc. The Government considers it necessary to review and improve the laws on sexual offences in Hong Kong to address the inadequacies of the current provisions and respond to changes in social perceptions related to sexual offences.”
 
The Law Reform Commission (LRC) had conducted a comprehensive review on sexual offences and related matters, and published a total of four consultation papers on specific areas. The LRC published two reports subsequently, making a total of 72 final recommendations. On the basis of the LRC’s recommendations and with reference to the development of relevant laws in other major common law jurisdictions, the Government has formulated a range of legislative amendment proposals, mainly covering the following areas:
 
1. non-consensual sexual offences;
2. sexual offences involving children;
3. sexual offences involving PMIs;
4. miscellaneous sexual offences; and
5. other related amendments to strengthen protection for victims of sexual offences.
 
“We hope to improve the laws on sexual offences in Hong Kong, the earlier the better, to strengthen protection for victims of sexual offences while ensuring that the laws on sexual offences can keep pace with the times,” the Government spokesman added.
 
The consultation paper has been uploaded onto the website of the Security Bureau (www.sb.gov.hk/eng/pub/consultation/loso.html). Members of the public are invited to submit their views by mail (Security Bureau A Division, 8th Floor, East Wing, Central Government Offices, 2 Tim Mei Avenue, Tamar, Hong Kong), by fax (2524 3762) or by email (sexualoffences@sb.gov.hk) on or before August 5.

Director of Audit leads delegation on duty visit to Qinghai

Source: Hong Kong Government special administrative region – 4

     A six-member delegation led by the Director of Audit, Professor Nelson Lam, began a five-day duty visit to Qinghai on June 22. During the trip, the delegation met and exchanged views with officials of the Qinghai Provincial Government and the Audit Office of Qinghai Province, and visited local new energy-related facilities and organisations.

     The delegation was first received by leaders of the Qinghai Provincial Government, including the Executive Vice Governor of Qinghai Province, Mr Zhang Jingang, who welcomed the Hong Kong delegation and introduced the green energy projects in Qinghai, highlighting the collaboration projects between Qinghai and Guangdong Provinces under the National 15th Five-Year Plan. Professor Lam expressed his gratitude for the full support and invitation from the Auditor General of the National Audit Office of the People’s Republic of China, Mr Hou Kai, and for the co-ordination and thoughtful arrangements of the Qinghai Provincial Government and the Audit Office of Qinghai Province for this trip, which afforded the delegation the chance to visit Qinghai – the source of the nation’s three great rivers and the core hub of the national base of important new energy industries. He said he looks forward to further sharing the gains of this trip with peers in Hong Kong in the future. He also stated that in this year that marks the beginning of the National 15th Five-Year Plan, the Audit Commission hopes to leverage the opportunity to closely interact with provinces and cities in various ways to assimilate the visions, advanced techniques and good practices in audit on the Mainland. This would put the Commission in a position to continuously hone its work and better integrate into and serve overall national development. 

     In a subsequent seminar, the Director of the Audit Office of Qinghai Province, Mr Chen Zhaochao, gave a briefing on the work of the Audit Office and had an intensive exchange with the delegation on work issues such as audit examinations and the workflow of rectification supervision, and especially on audit topics related to the development of ecological civilisation. Both sides stated their commitment to aligning with the aim and spirit of the Central Auditing Commission under the 20th Communist Party of China Central Committee in building an audit supervision system and delivering the responsibilities of public auditors, with a people-centred mindset.

     Professor Lam quoted President Xi Jinping as stressing that “lucid waters and lush mountains are invaluable assets.” The country has been steering the full-scale transformation to a green economy and society, constructing a new energy system and emphasising green, low-carbon development as the foundation for enhancing people’s well-being and quality of life. To actively align with these national policies, Hong Kong is championing the development of new energy industries and forging a green, low-carbon living environment. On that note, Professor Lam highlighted that the public consultation for the First Five-Year Plan for Economic and Social Development of the Hong Kong Special Administrative Region is under way, and that for Part 6 of the consultation document on “Integrated Development of Culture, Sports, and Tourism, Green Living, and Other Areas”, a lot of inspiration could be drawn from Qinghai, which demonstrates a solid and effective integration of greening, technology, new energy, culture and tourism. With “greening” poised to be the next big area for exploration in the auditing industry, according to Professor Lam, and with the recent issuance of a plan by the National Development and Reform Commission and the National Energy Administration to establish a new energy system during the 15th Five-Year Plan period, the delegation was thankful for this timely visit to Qinghai – which has been entrusted with the important strategic mission of building a national hub for clean energy industries – and for visiting the sites of its various national key energy projects, including photovoltaic, clean energy and water resources facilities. Professor Lam described this trip as richly inspiring and informative for the delegation members, as it allowed them to gain first-hand appreciation of the nation’s accomplishments and work in areas such as green energy and ecological security, and gave them a vivid picture of the development planning and latest situation of new energy auditing.   

     Professor Lam looks forward to sharing the takeaways of the Qinghai trip with officers and showing them the success cases of the integration of strategic resources and facilitation of leapfrog development of energy industries in the country. He believes it would motivate them to utilise their strengths, deliver their duties and develop their potential, and, in turn, to fully play their part as professionals in meeting the country’s needs, unleashing Hong Kong’s prowess and responding to the people’s aspirations.

              

Hong Kong’s gold central clearing and settlement system commences trial operation today supported by full package of targeted initiatives

Source: Hong Kong Government special administrative region

     The Financial Services and the Treasury Bureau (FSTB) announced today (July 7) the commencement of the trial operation of Hong Kong’s new central clearing and settlement system for gold, together with a suite of targeted initiatives aiming to build a modern and full-chain gold trading ecosystem. These initiatives include rolling out the initial phase of Delivery Connect with the Shanghai Gold Exchange, launching a new HAU price ticker, expanding storage capacity and refining capability, diversifying gold investment products, exploring tax incentives, co-ordinating insurance arrangements, enhancing flexibility of Mandatory Provident Fund (MPF) investments in gold exchange-traded funds (ETFs), and establishing an industry-led trade association. These measures will collectively bolster Hong Kong’s role as a trusted international gold trading, clearing, and reserve hub.

     The Financial Secretary, Mr Paul Chan, said, “The National 15th Five-Year Plan incorporates explicit support for Hong Kong in establishing a commodity trading ecosystem. The commencement of the trial operation of the gold central clearing and settlement system today marks a significant step forward in developing Hong Kong’s gold trading infrastructure. Along with a series of measures to promote physical delivery, develop investment and derivative products as well as risk management tools, provide tax concessions, and deepen connectivity with the Mainland gold market, we are committed to building a thriving gold trading ecosystem. This will further enhance the richness, depth, and breadth of our financial markets, create new investment opportunities for local and overseas investors, and inject new momentum into the development of the financial sector.”      The Board of Directors of the HKPMCC comprises the Government, the Shanghai Gold Exchange, regulators, and 11 banks to fully incorporate market feedback. Meanwhile, Bank of China (Hong Kong) Limited has been appointed as the settlement institution and designated vault of the system, operating under the oversight of the HKPMCC. 

     In tandem with the commencement of the trial operation, the first batch of gold has been successfully deposited into the designated vault, and the first batch of trading and settlement activities has also been completed. The trial operation has received strong support from key market participants, including banks and financial institutions, mining companies, refiners, jewellers, and institutional participants. A list of key participants in the trial operation is set out in the Annex.     ​
     The Government is in the process of assisting the industry to establish an industry-led trade association with a view to consolidating resources, strengthening international promotion efforts, and fostering closer ties with global stakeholders.

Red flags hoisted at Hung Shing Yeh Beach and Tai Po Lung Mei Beach

Source: Hong Kong Government special administrative region – 4

Attention TV/radio announcers:

Please broadcast the following as soon as possible:

     Here is an item of interest to swimmers.

     The Leisure and Cultural Services Department announced today (July 7) that due to big waves and inclement weather, red flags have been hoisted at Hung Shing Yeh Beach in Islands District, and Tai Po Lung Mei Beach in Tai Po District. Beachgoers are advised not to swim at these beaches.

PBOC, HKMA and SFC’s joint announcement on developing trading platform in Hong Kong

Source: Hong Kong Government special administrative region

PBOC, HKMA and SFC’s joint announcement on developing trading platform in Hong Kong      
     In 2025, the SFC and the HKMA jointly announced Hong Kong’s Roadmap for the Development of FIC Markets (Roadmap). One of the key initiatives outlined in the Roadmap is to support the development of a next-generation electronic trading platform. The FIC trading platform will provide an open, fair, efficient, and robust platform for both local and international institutions, following the key principles below:
      Further details of the FIC trading platform, including the launch timeline, will be announced in due course.
Issued at HKT 19:25

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Incoming passenger convicted and jailed for possession of duty-not-paid cigarettes

Source: Hong Kong Government special administrative region

Incoming passenger convicted and jailed for possession of duty-not-paid cigarettes (with photo)      
     Customs officers intercepted a 20-year-old incoming Mainland male passenger at Hong Kong International Airport yesterday (July 6) and seized about 77 800 sticks of duty-not-paid cigarettes, with an estimated market value of about $350,100 and a duty potential of about $257,200, from his personal baggage. The passenger was subsequently arrested.
      
     Customs welcomes the sentence. The custodial sentence has imposed a considerable deterrent effect and reflects the seriousness of the offences.
      
     Customs reminds members of the public that under the DCO, 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 illicit cigarette activities to Customs’ 24-hour hotline 182 8080 or its dedicated crime-reporting email account (crimereport@customs.gov.hkIssued at HKT 19:12

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FEHD releases seventh batch of gravidtrap indexes for Aedes albopictus in June

Source: Hong Kong Government special administrative region

FEHD releases seventh batch of gravidtrap indexes for Aedes albopictus in June  

District     With reference to the data from the past few years, the gravidtrap indexes start to rise from April every year. The indexes are higher from May to June. The actual timing and extent of the rise are affected by factors like weather conditions and rainfall. As compared with last year, the temperature began to climb earlier this year and the rainfall in June increased substantially, creating favourable conditions for mosquito growth and breeding. Overall, the trend of gravidtrap indexes this year is similar to those of previous years.

     The FEHD has also carried out a series of actions, including:     During the follow-up actions and following the discovery of stagnant water or stagnant water containers at a construction site, a park, a public housing estate and a private housing estate in Kwun Tong District and Yuen Long District, the FEHD has issued four statutory notices to the responsible persons-in-charge, requiring the clearance of such items within a specified timeframe.

     Public participation is crucial to the effective control of mosquito problems. The FEHD appeals to members of the public to continue to work together in strengthening personal mosquito control measures, including:     Starting in August 2025, following the completion of the surveillance of individual survey areas, and once the latest gravidtrap index and the density index are available, the FEHD has been disseminating relevant information through press releases, its website and social media. It aims to allow members of the public to quickly grasp the mosquito infestation situation and strengthen mosquito control efforts, thereby reducing the risk of chikungunya fever (CF) transmission.

     ​Following recommendations from the World Health Organization and taking into account the local situation in Hong Kong, the FEHD sets up gravidtraps in districts where mosquito-borne diseases have been recorded in the past, as well as in densely populated places such as housing estates, hospitals and schools to monitor the breeding and distribution of Aedes albopictus mosquitoes, which can transmit CF and dengue fever. At present, the FEHD has set up gravidtraps in 62 survey areas of the community, with a surveillance period of two weeks. During the surveillance period, the FEHD will collect the gravidtraps once a week. After the first week of surveillance, the FEHD will immediately examine the glue boards inside the retrieved gravidtraps for the presence of adult Aedine mosquitoes to compile the Gravidtrap Index (First Phase) and Density Index (First Phase). At the end of the second week of surveillance, the FEHD will instantly check the glue boards for the presence of adult Aedine mosquitoes. Data from the two weeks of surveillance will be combined to obtain the Area Gravidtrap Index and the Area Density Index. The gravidtrap and density indexes for Aedes albopictus in different survey areas, as well as information on mosquito prevention and control measures, are available on the department’s webpage (www.fehd.gov.hk/english/pestcontrol/dengue_fever/Dengue_Fever_Gravidtrap_Index_Update.html#Issued at HKT 19:00

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