Government welcomes passage of Banking (Amendment) Bill 2025

Source: Hong Kong Government special administrative region

     The Government welcomed the passage of the Banking (Amendment) Bill 2025 by the Legislative Council today (June 4) to facilitate the sharing of account information among banks under specified conditions to enhance the efficiency in detecting and preventing crime in Hong Kong.
 
     The Amendment Ordinance introduces a voluntary mechanism for banks and relevant law enforcement agencies to share with each other, swiftly and safely via electronic means, information of corporate and individual accounts through secure platforms designated by the Hong Kong Monetary Authority (HKMA), when banks become aware of suspected prohibited conduct (i.e. money laundering, terrorist financing or financing of proliferation of weapons of mass destruction). The Amendment Ordinance also provides legal protection for banks that disclose relevant information. The mechanism will enable banks and relevant law enforcement agencies to act swiftly to intercept illicit funds and expedite intelligence gathering so that the public will be better protected from fraud and associated money laundering activities.

     The Secretary for Financial Services and the Treasury, Mr Christopher Hui, said, “The new mechanism not only enhances Hong Kong’s ability to combat fraud and associated money laundering activities, providing better protection for citizens, but also helps maintain the stability of Hong Kong’s banking system and showcases the efforts made by Hong Kong, as an international financial centre, in international collaborations to combat relevant illegal activities.”
 
     The Chief Executive of the HKMA, Mr Eddie Yue, said, “The new information sharing mechanism will further enhance the ability of the banks to detect and prevent fraud and other financial crime. The HKMA will continue to work closely with the Hong Kong Police Force and the banking sector to take forward the preparation work, including the upgrade of systems and formulation of practical guidelines, with a view to implementing the new mechanism as soon as practicable.”

     The Amendment Ordinance will come into effect this year. The commencement date will be announced separately.
 

LCQ2: Development of fintech

Source: Hong Kong Government special administrative region

     Following is a question by the Hon Robert Lee and a reply by the Secretary for Financial Services and the Treasury, Mr Christopher Hui, in the Legislative Council today (June 4):
 
Question:
 
     It is learnt that there are currently over 1 100 fintech companies in Hong Kong, including eight licensed digital banks, four virtual insurers and 10 virtual asset trading platforms. Regarding the development of fintech, will the Government inform this Council:
 
(1) of the plans in place to assist licensed fintech companies in expanding their operations and developing products, such as assisting them in expanding their service scope to the Guangdong-Hong Kong-Macao Greater Bay Area, promoting the asset-under-management size and turnover of Exchange Traded Funds on Virtual Asset (VA), enhancing the international competitiveness and attractiveness of VA-related products, as well as developing more futures and options products for VAs, etc;
 
(2) whether it will urge the regulators to allow institutional and retail investors to participate in more VA transactions of different types and currencies and relax the eligibility requirements for professional investors, as well as include VAs as assets under the Securities and Futures (Financial Resources) Rules, so as to facilitate the development of the VA market; and
 
(3) how the Government will formulate enhancement measures in the three aspects of regulatory statute, tax concessions as well as publicity and promotion, so as to further attract large-scale international fintech companies to establish presence in Hong Kong, and of the plans in place to assist the financial services industry in introducing fintech in order to enhance operational efficiency and reduce costs, thereby promoting the upgrading and transformation of the industry?
 
Reply:
 
President,
 
     As an international financial centre with a robust regulatory environment and abundant business opportunities, Hong Kong is an ideal location for promoting the development of fintech. The Financial Services and the Treasury Bureau (FSTB) and the financial regulators maintain close communication with the industry to understand their development needs, with a view to formulating appropriate measures to facilitate the development of fintech.

     My reply to the various parts of the question is as follows:
 
(1) To facilitate the continuous and vibrant development of fintech enterprises in Hong Kong, we have adopted a multi-pronged strategy including enhancing Hong Kong’s financial infrastructure, building a vibrant fintech ecosystem, nurturing fintech talents, and strengthening our connection and co-operation with the industry in the Mainland and overseas, with a view to creating and providing a conducive environment, thereby promoting fintech innovation and application.
 
     On advancing investment products related to virtual assets (VAs), the Securities and Futures Commission (SFC) authorised the first batch of VA futures exchange traded funds (ETFs) for retail investor trading in December 2022, Asia’s first batch of VA spot ETFs in April 2024, as well as Asia’s first VA futures inverse product in July 2024. These products have broadened the product diversity of the Hong Kong market, further enhancing Hong Kong’s position as Asia’s leading ETF market.
 
     Besides, in February 2025, the SFC promulgated the “ASPIRe” roadmap, aspiring to strengthening the security, innovation and growth of the market in Hong Kong. One of the focuses of the roadmap is to expand the range of VA products and services, so as to fulfil the need of various types of investors under the prerequisite of investor protection, while enhancing the international competitiveness and attractiveness of Hong Kong’s VA market.
 
     The specific measures of the roadmap includes allowing staking services involving VA within systems with sufficient protection measures, to enable for investors to earn additional returns. In this regard, the SFC provided regulatory guidance respectively to licensed VATPs (virtual asset trading platform) on their provision of staking services, and to SFC-authorised funds with exposure to VA (VA Funds) on their engagement in staking. On April 10, 2025, the SFC allowed two licensed VATPs to provide staking services to clients through the imposition of relevant licensing conditions, which was followed by two SFC-authorised VA spot ETFs updating their fund documents in April and May 2025 for their engagement in staking activities.
 
     The SFC is also considering introducing VA derivatives trading for professional investors and will put in place robust risk management measures. These measures will further enrich the product options available in the Hong Kong market while ensuring that transactions are conducted in an orderly, transparent and safe manner.
 
     In light of the latest development of the VA market, the FSTB will promulgate the second Policy Statement on development of VA, articulating the next-step policy vision and direction, including exploring how to leverage the advantages of traditional financial services and innovative technologies in the area of VAs, enhance security and flexibility of real economy activities, and encourage local and international companies to explore the innovation and application of VA technologies.
 
     As for assisting fintech companies in expanding business, the Invest Hong Kong works closely with industry players to conduct publicity and promotion in the Guangdong-Hong Kong-Macao Greater Bay Area, including participating in major fintech events in the region, as well as connecting with local government departments, regulators, industry associations and innovation and technology parks, with a view to promoting advantages of Hong Kong fintech companies and further expanding into the Mainland market.
 
(2) Currently, before including any VAs for trading, licensed VATP operators should perform all reasonable due diligence on these VAs, and ensure that these VAs continue to satisfy all criteria. Before providing any VA for retail trading, VATPs should take all reasonable steps to ensure the selected VAs are of high liquidity. The relevant requirements seek to provide sufficient protection for investors (especially retail investors). The SFC will continue to asset the potential risks of VAs in respect of volatility, liquidity, and market manipulation, etc, and keep a close watch of relevant international regulatory development, so as to review the aforementioned requirements. Further, in light of VAs’ nature, characteristics and risks, we will continuously evaluate whether the requirements relating to prudential treatment of VA exposures are in line with those in other jurisdictions.
 
     In respect of professional investors’ qualifying criteria and minimum monetary threshold requirements, the SFC has conducted a review during 2019/20. The outcome of the review was that the current minimum monetary thresholds were simple and easy-to-interpret and appropriately reflected an investor’s loss absorption ability, as well as being in line with those in comparable jurisdictions (such as the United States, the United Kingdom, Singapore and Australia). We will continue to evaluate whether the professional investor qualification requirements are in line with those in comparable jurisdictions.
 
     It should be noted that with the International Organization of Securities Commissions’ (IOSCO) publication of its Final Report with Policy Recommendations for Crypto and Digital Asset Markets in November 2023, the IOSCO recommends that regulatory frameworks should seek to achieve regulatory outcomes for investor protection and market integrity that are the same as, or consistent with, those required in traditional financial markets, which is an approach adopted by the SFC since as early as 2018.
 
(3) To attract more large-scale international fintech companies to establish presence in Hong Kong, the Office for Attracting Strategic Enterprises (OASES) offers one-stop services and special facilitation measures. On regulation, the OASES assists companies in understanding the licensing and regulatory framework of the relevant sectors and co-ordinates with the financial regulators when necessary to facilitate the licence applications. Regarding tax benefits, the OASES shares with companies information of applicable tax benefits and funding schemes and connects companies with the higher education institutions, research and development institutions and innovation and technology parks, with a view to expediting their business development in Hong Kong. Separately, we will further enhance the preferential tax regimes for funds, single family offices and carried interest, including the inclusion of VAs as qualifying transactions eligible for tax concessions. As for publicity and promotion, the OASES actively engages overseas and the Mainland strategic enterprises to introduce the advantages and policies in relation to fintech in Hong Kong through organising regular duty visits and enterprise exchange activities, thereby attracting more high-potential fintech companies to Hong Kong.
 
     The Government has been working closely with the financial regulators and industry players to actively promote the financial services sector to adopt fintech through multi-pronged measures. According to a survey in 2023, the adoption rate of generative AI in Hong Kong was the highest (38 per cent) among all markets and well above the global average (26 per cent). In October 2024, we issued a policy statement on the responsible application of AI in the financial market. Since the policy statement was issued, we have introduced various initiatives to assist the financial institutions in seizing the opportunities and adopting AI responsibly, including publishing practical guidelines, launching sandbox schemes, as well as organising seminars and talks.
 
     The Government and financial regulators will continue to maintain close liaison with the industry and assess their needs for fintech, with a view to formulating the corresponding support measures for facilitating the development of new quality productive forces.

LCQ12: Application of artificial intelligence in primary and secondary school teaching

Source: Hong Kong Government special administrative region

LCQ12: Application of artificial intelligence in primary and secondary school teaching 
Question:
 
     The Steering Committee for Teaching in Basic Education under the Ministry of Education of the People’s Republic of China (MOE) has recently published the “Guidelines for artificial intelligence (AI) general education in primary and secondary schools (2025)” and the “Guidelines for the use of generative AI in primary and secondary schools (2025)”, with the aim of regulating and promoting AI education across all key stages. In this connection, will the Government inform this Council:
 
(1) whether it will follow the practice of MOE in formulating guidelines for AI education and the use of generative AI in primary and secondary schools, so as to build a comprehensive AI general education system and set clear regulations for the use of generative AI in primary and secondary education for various learning stages;
 
(2) in order to prevent students from becoming over-reliant on generative AI to the detriment of their independent thinking skills, whether the authorities will draw up guidelines on the use of generative AI for different learning stages, so as to provide teachers and parents with reference material for supervising students and their children’s use of generative AI;
 
(3) in order to effectively safeguard the privacy and data security of students, whether the authorities will require schools to adopt the Artificial Intelligence: Model Personal Data Protection Framework published by the Office of the Privacy Commissioner for Personal Data, so as to provide primary and secondary school teachers and administrative staff with clear guidelines on the use of AI;
 
(4) in order to support teachers in providing teaching and learning support plans tailored to students of different levels and abilities, whether the authorities will produce a large language model for all primary and secondary schools across the territory that can be used for teaching and learning purposes, as well as developing vertical applications; and
 
(5) whether the authorities will draw up guidelines and provide technical support for primary and secondary schools to enhance their application of AI in school affairs, thereby encouraging the use of generative AI technologies to optimise school administration?
 
Reply:
 
President,
 
     To align with the national strategy of building a leading country in education, keeping pace with global development trends, and nurturing talent for the advancement of innovation and technology (I&T) in Hong Kong, the Education Bureau (EDB) is stepping up its efforts to promote digital education, including the application and education of artificial intelligence (AI). The EDB established the Steering Committee on Strategic Development of Digital Education in early 2025, making reference to the latest developments on the Mainland and relevant policies and experiences from other places, to provide recommendations on the goals, strategies and future directions for the implementation of digital education in Hong Kong. The EDB will organise the first Digital Education Week in July combining the International Summit on the Use of AI in Learning and Teaching Languages and Other Subjects and the Hong Kong Education City’s annual event Learning & Teaching Expo, to promote in-depth exploration and application of AI and frontier technology.
 
     Our consolidated reply to the written question raised by Professor the Hon William Wong is as follows:
 
     Through ongoing curriculum and guide renewal, enriching learning and teaching resources, strengthening teacher training, optimising education ancillary infrastructure and promoting cross-sector collaboration, the EDB assists schools in harnessing AI and other I&T to enhance the digital literacy and the competence of both teachers and students on AI. The EDB places emphasis on developing students’ values, attitudes, knowledge and skills, enabling them to use digital technology (including generative AI) effectively and ethically. 
 
Curriculum and guides
 
     At present, almost all publicly-funded primary and secondary schools have implemented enriched coding education and AI education at the upper primary level and the junior secondary level respectively. The Module on AI for Junior Secondary Level covers topics such as AI basics, AI ethics, societal impact and future of work, which enables teachers and students to learn about the appropriate application scenarios of AI, as well as relevant security topics including personal data privacy and data security. The EDB launched the updated “Information Literacy for Hong Kong Students” Learning Framework in 2024, with a new literacy area “recognise the ethical issues arising from the application of emerging and advanced information technologies” which includes subjects relating to laws and regulations, academic integrity and excessive dependence arising from I&T such as AI technologies, with an aim to develop students to become ethical users of information technology (IT).
 
     In addition, the EDB has, in collaboration with the Hong Kong Police Force and the Journalism Education Foundation, launched the learning and teaching resources on Cyber Security and Technology Crime Information and Media and Information Literacy respectively, which include contents to strengthen the protection of personal privacy, enhance students’ ability to discern the authenticity of information and promote the proper use of social media. These resources can guide students in the proper use of AI and nurture positive values and attitudes towards the application of innovative technologies.
 
     We have always encouraged schools to make reference to good practices when applying IT and I&T (such as AI). The Artificial Intelligence: Model Personal Data Protection Framework issued by the Office of the Privacy Commissioner for Personal Data, Hong Kong (PCPD), provides useful references on safeguarding personal data privacy and cyber security issues.
 
     The EDB will make reference to the latest developments and experiences from local, the country and other places, update and optimise the curriculum and guides, adhere to the use of AI for good, and while improving efficiency and effectiveness, maintain the security of AI and technology education, and guard against challenges and risks related to laws and regulations, ethics, authenticity of information, and privacy protection.
 
Training
 
     The EDB has continuously enhanced teacher training, these include the provision of AI-related professional development programmes with contents covering topics like the development of AI, the planning of applying AI in teaching and learning, the application of AI tools in different subjects, the safeguarding of data security, as well as the prevention of students from become over-reliant on generative AI to the detriment of their independent thinking skills. The training programmes are conducted in both online and offline modes to benefit a greater number of teachers. In addition, the EDB has co-organised a number of teacher training programmes with the PCPD, enabling schools to understand how to address data security risks and handle data breaches, as well as enhancing school personnel’s awareness of data security.
 
     In addition, we have continued to launch relevant parent training to help parents cultivate children’s good habit in using IT in their daily life, including the proper use of generative AI for learning.
 
Education ancillary infrastructure
 
     To optimise education ancillary infrastructure, the Quality Education Fund (QEF) has allocated $500 million for the implementation of the e-Learning Ancillary Facilities Programme to develop quality e-learning ancillary facilities that meet the local learning and teaching needs through co-operation among schools, tertiary institutions, education and professional bodies, and business sectors. A total of over 20 projects have been funded under the Programme and have commenced in the beginning of the 2023/24 school year. The learning platforms and resources developed under these projects deploy I&T such as big data and AI to enhance learning and teaching effectiveness in a wide array of subjects/areas. As at end-March 2025, around 400 schools participated in the collaborative development projects, involving around 31 000 students. It is expected that the deliverables of the projects will be successively released in mid-2025 and uploaded to the Hong Kong Education City for subscription by schools. The QEF will also sponsor publicly-funded schools to use the deliverables of the projects to facilitate the sustainable development of the projects.
 
     The EDB will continue to optimise the platform of Hong Kong Education City, make reference and utilise existing high-quality learning and teaching platforms, large language models and programmes in local, the country or other places, encourage the sharing of high-quality resources across sectors and schools, and explore how to further support learning and teaching in Hong Kong in a cost-effective manner.
 
     Looking forward, under the leadership of the Steering Committee on Strategic Development of Digital Education, the EDB will continue to review the implementation and development of related support strategies on improving students’ digital literacy and skills, strengthening relevant professional training for teachers, enhancing collaboration with different stakeholders and continuously optimising digital education ancillary infrastructure, to meet the needs of school development and student learning in the era of AI.
Issued at HKT 14:16

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LCQ10: Lei Yue Mun Park

Source: Hong Kong Government special administrative region

LCQ10: Lei Yue Mun Park 
Question:
 
The Working Group on Developing Tourist Hotspots led by the Deputy Chief Secretary for Administration announced last month the implementation of nine new tourist hotspot projects. There are views that the Lei Yue Mun Park, a holiday camp located in Chai Wan under the Leisure and Cultural Services Department, which covers an area of nearly 23 hectares and offers fine views overlooking Lei Yue Mun Channel, has great potential to become one of the next tourist hotspots to attract tourists. In this connection, will the Government inform this Council:
 
(1) of the number of visits to the Park in each of the past three years, together with a breakdown by type of booking (i.e. residential camp and day camp);
 
(2) of the respective staffing expenses and other administrative costs incurred in operating the Park in each of the past three years;
 
(3) as it is learnt that the basketball court and football pitch of the Park remain close to date due to temporary quarantine camps set up there during the pandemic which are yet to be demolished, when the Government will reopen these facilities for public use;
 
(4) of the reasons why the catering services at the canteen and the fast food kiosk of the Park remain suspended since November 21 last year, and when the catering services will resume;
 
(5) given that the Park is all along accessible only to members of the public who book the holiday camp, whether there are other means through which non-local tourists may gain access to the Park to visit the monuments therein; whether it has formulated special plans or promotional measures at present to attract tourists to visit the Park; if so, of the details; if not, the reasons for that;
 
(6) as there are views that while the Park houses a number of historic buildings of significant value, its operating mode fails to keep pace with changes in people’s lifestyles over the years since it came into operation as early as 1988, and its facilities have become dilapidated and unappealing, whether the authorities have considered plans to enhance the attractions in the Park; if so, of the details; if not, the reasons for that; and
 
(7) whether it has considered repositioning the Park by upgrading it into one of the next tourist hotspots, so as to provide more recreational space for locals while attracting more visitors, thereby achieving better operational efficiency; if so, of the details; if not, the reasons for that?
 
Reply:
 
President,
 
In consultation with relevant policy bureaux and departments, my consolidated reply to the question raised by the Hon Edward Leung is as follows:
 
(1) In the past three years, the attendances at the Lei Yue Mun Park of the Leisure and Cultural Services Department (LCSD) are tabulated below:

 Note 2: The holiday camp offers day camps, residential camps and evening camps with the following check-in schedules:
day camp: 9.30am to 4.30pm;
evening camp: 4.30pm to 10.30pm; and
residential camp: 2.30pm to 1pm on check-out day.

(2) In the past three financial years, the operational expenses of the Park are tabulated below:

 Issued at HKT 11:54

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LCQ18: Tai Lam Tunnel Bus-Bus Interchange

Source: Hong Kong Government special administrative region

Following is a question by the Hon Lam San-keung and a written reply by the Acting Secretary for Transport and Logistics, Mr Liu Chun-san, in the Legislative Council today (June 4):

Question:

It is learnt that at present, there are stops at the Tai Lam Tunnel Bus-Bus Interchange (the Interchange) for most of the bus routes running from the Yuen Long and Tin Shui Wai areas to various places on Hong Kong Island and in Kowloon via the Tai Lam Tunnel (TLT) to facilitate transfer to other bus routes. There are views that with the gradual completion of a number of development projects in Yuen Long, the passenger and bus flows at the Interchange are expected to increase continuously, causing traffic bottleneck and congestion problems. In this connection, will the Government inform this Council:

(1) whether it has estimated the number of bus routes using the Interchange in the next five years;

(2) whether it has studied converting the toll plaza of TLT into a major transport node to facilitate transfer to various modes of public transport for travelling to and from various districts; if so, of the details; if not, the reasons for that; and

(3) whether it has plans to construct a large car park (with motorcycle parking spaces) and cycle parking area in the vicinity of the Interchange to facilitate transfer to public transport, thereby reducing the vehicular flow of TLT?

Reply:

President,

In respect of the questions raised by Hon Lam San-keung about the Tai Lam Tunnel Bus-Bus-Interchanges (TLTBBIs), having consulted the Transport Department (TD), my reply is as follows.

(1) There are over 50 franchised bus routes observing the TLTBBIs. In the coming two years, two more franchised bus routes are expected to be introduced, and they will also observe the TLTBBIs for the convenience of passengers. TD and franchised bus operators will continue to closely monitor the actual usage of the TLTBBIs arising from changes in population in North West New Territories, and review the arrangements in a timely manner to meet the travelling needs of passengers.
​
(2) and (3) The Government has all along been promoting the provision of park-and-ride facilities at suitable railway stations or nearby locations to encourage drivers to park their vehicles and switch to public transport, thereby reducing the flow of vehicles entering congested areas. Currently, there are approximately 590 parking spaces outside the Kam Sheung Road MTR Station near the TLTBBIs, offering park-and-ride discounts. There are also motorcycle and bicycle parking spaces next to the Station. Also, private car and motorcycle parking spaces are available near the TLTBBIs, facilitating the residents of Yuen Long and the North District in transferring to public transport for travel to urban areas of Kowloon and Hong Kong Island.

The proposed development of a large-scale transport hub, parking facilities and bicycle parking as mentioned in the question requires comprehensive consideration of multiple factors, including seamless public transport transfers, connectivity to nearby roads and cycling networks, and whether there are other development opportunities that make the proposal more cost-effective and financially sustainable. As part of the Traffic and Transport Strategy Study, the Government is exploring the concept of a new generation of Transport Interchange Hub (TIH) under the “single site, multiple use” principle. This initiative aims to suitably provide park-and-ride facilities, bicycle parking spaces and storage facilities for electric mobility devices at TIHs. The TD is looking into suitable locations, including New Development Areas, for implementing the TIHs.

SITI visits Changchun (with photos)

Source: Hong Kong Government special administrative region

     The Secretary for Innovation, Technology and Industry, Professor Sun Dong, yesterday (June 3) began his visit to Changchun, Jilin Province, to tour the China FAW Group Corporation (FAW Group) and learn about the development of the advanced manufacturing industry there.

     Upon arriving in Changchun yesterday afternoon, Professor Sun held an engagement session with the management of the FAW Group. He was briefed on the Group’s developments, especially in enhancing innovation capabilities and research on core technology when promoting the development of its own brands.

     Professor Sun visited the China FAW NBD Headquarters research and development institute, prosperity factory and Cultural Exhibition Hall today (June 4) to study the Group’s technological breakthroughs of its Hongqi brand in the areas of new energy vehicle models, advanced manufacturing technologies and processes, and autonomous driving systems as well as learning about the innovative achievements of the FAW Group as a state-owned mega automobile enterprise and a leading corporation of China’s automobile industry.

     Professor Sun said, “The Hong Kong Special Administrative Region Government has clearly stated in the Hong Kong Innovation and Technology Development Blueprint that the development of advanced manufacturing and new energy is one of the strategic technology industries, and is actively promoting new industrialisation in Hong Kong. Under the ‘one country, two systems’ principle, Hong Kong has the unique advantages of enjoying the strong support of the country and being closely connected to the world. It is a two-way gateway for attracting overseas enterprises to Hong Kong and helping Mainland enterprises go global, as well as an ideal platform for Mainland enterprises to venture overseas markets.” He said he looked forward to Hong Kong’s new contributions to the innovative development of the country’s new energy automobile industry chain.

     Professor Sun also noted that the 2025 International Automotive Supply Chain Expo (Hong Kong) will be held from June 12 to 15 at AsiaWorld-Expo, Hong Kong. The Innovation, Technology and Industry Bureau, as the advising organisation, hopes that Hong Kong can serve as an exchange platform for the global automobile industry supply chain via the Expo, and that new industrialisation in Hong Kong can be promoted at the same time, while showcasing cutting-edge technologies and the latest achievements of the new energy automobile industry of the Mainland.

     The Commissioner for Industry (Innovation and Technology), Dr Ge Ming, also joined the visit.

     Professor Sun returned to Hong Kong this afternoon after the visit.

                 

Banking bill passed

Source: Hong Kong Information Services

The Government today welcomed the Legislative Council’s passage of the Banking (Amendment) Bill 2025, which enables sharing of account information among banks under specified conditions in order to facilitate the detection and prevention of crime in Hong Kong.

The amendment ordinance introduces a voluntary mechanism allowing banks and law enforcement agencies to share information with each other – swiftly and safely, via secure platforms designated by the Monetary Authority – relating to corporate and individual accounts, when banks become aware of suspected activities such as money laundering, or the financing of terrorist activities or of the proliferation of weapons of mass destruction.

The bill also provides legal protection for banks that disclose relevant information.

The mechanism will enable banks and law enforcement agencies to act swiftly to intercept illicit funds and expedite intelligence gathering with a view to protecting the public from fraud and associated money laundering activities.

Secretary for Financial Services & the Treasury Christopher Hui said the new mechanism not only enhances Hong Kong’s ability to combat fraud and associated money laundering activities, thereby providing better protection for citizens, but also helps maintain the stability of Hong Kong’s banking system and underscores the city’s efforts, as an international financial centre, to combat illegal activities.

The amendment ordinance will come into effect this year. The commencement date will be announced separately.

President Lai congratulates new Korean President Lee Jae-myung

Source: Republic of China Taiwan

Following the election victory and inauguration of Mr. Lee Jae-myung as the 21st-term president of the Republic of Korea, Presidential Office Spokesperson Karen Kuo (郭雅慧) on June 4 stated that President Lai Ching-te extends sincerest congratulations to the people of the Republic of Korea and President Lee on behalf of the people and government of the Republic of China (Taiwan).
Spokesperson Kuo stated that Taiwan and Korea share the values of freedom and democracy. Over many years, she said, the two sides have engaged frequently across various fields such as the economy, trade, and culture, with increasing people-to-people exchanges, making Korea an important partner of Taiwan. The spokesperson stated that President Lai looks forward to the well-being of the people of Korea being further enhanced under the leadership of President Lee. The spokesperson then shared President Lai’s hope that through joint efforts, exchanges and cooperation between Taiwan and Korea in areas such as the economy and trade, technology, education, and culture will continue to expand. The president also expressed hope that upon our strong existing foundations, both sides will engage in mutual assistance for mutual benefits, deepen bilateral relations, and jointly help contribute to democracy, peace, stability, and prosperity in the Indo-Pacific region.

President Lai and President Hilda C. Heine of Marshall Islands hold bilateral talks and witness signing of agreements

Source: Republic of China Taiwan

Details
2025-06-03
President Lai welcomes President Hilda C. Heine of Republic of the Marshall Islands with military honors  
President Lai Ching-te welcomed President Hilda C. Heine of the Republic of the Marshall Islands and her husband on the morning of June 3 with full military honors. In remarks, President Lai thanked President Heine and the people and government of the Marshall Islands for demonstrating such high regard for our nations’ diplomatic ties. The president said that over our 27 years of diplomatic relations, our cooperation in healthcare, agriculture, fisheries, education and training, and climate change has yielded many positive results. And moving ahead, he said, Taiwan will continue to deepen collaboration across all domains for mutual prosperity and growth. The welcome ceremony began at 10:30 a.m. in the plaza fronting the Presidential Office. President Lai and President Heine each delivered remarks after a 21-gun salute, the playing of the two countries’ national anthems, and a review of the military honor guard. A translation of President Lai’s remarks follows: On behalf of the people and government of the Republic of China (Taiwan), it is a great pleasure to welcome President Heine, First Gentleman Thomas Kijiner, Jr., and their delegation with full military honors as they make this state visit to Taiwan. When I traveled to the Marshall Islands on a state visit last December, I was received with great warmth and courtesy. I once again thank President Heine and the people and government of the Marshall Islands for demonstrating such high regard for our nations’ diplomatic ties. Taiwan and the Marshall Islands share Austronesian cultural traditions, and we are like-minded friends. Throughout our 27 years of diplomatic relations, we have always engaged with each other in a spirit of reciprocal trust and mutual assistance. Our cooperation in healthcare, agriculture, fisheries, education and training, and climate change has yielded many positive results. This is President Heine’s first state visit to Taiwan since taking office for a second time. We look forward to engaging our esteemed guests in in-depth discussions on issues of common concern. And moving ahead, Taiwan will continue to deepen collaboration with the Marshall Islands across all domains for mutual prosperity and growth. In closing, I thank President Heine, First Gentleman Kijiner, and their entire delegation for visiting Taiwan. I wish you all a pleasant and successful trip.  A transcript of President Heine’s remarks follows: Your Excellency President Lai Ching-te, Vice President [Bi-khim] Hsiao, honorable members of the cabinet, ambassadors, distinguished guests, ladies and gentlemen: It is my pleasure to extend warm greetings of iokwe on behalf of the people and the government of the Republic of the Marshall Islands. I wish to also convey my appreciation to Your Excellency President Lai, for the hospitality and very warm welcome – kommol tata. This visit marks my seventh official state visit to this beautiful country. It’s a testament to my strong commitment to further deepening ties between the Republic of the Marshall Islands and the Republic of China (Taiwan). During this visit, I look forward to engaging in meaningful discussions with Your Excellency President Lai to further strengthen the bilateral relationship between our two nations and our peoples.  For over a quarter-century, Taiwan has been a strong ally and friend to the Marshall Islands. Our partnership has thrived across many sectors, including education, healthcare, infrastructure, and economic development. Through Taiwan’s generous support and collaboration, we have made significant progress in improving the lives of our people, empowering our communities, and fostering sustainable growth. The Marshall Islands deeply values our partnership with Taiwan and appreciates Taiwan’s support over the years. Despite our small size and limited voice on the global stage, the Marshall Islands deeply cherishes our friendship with Taiwan, and to that end, I wish to reaffirm my government’s commitment to Taiwan’s meaningful participation in the United Nations system. Taiwan has consistently demonstrated its commitment to the principles of democracy, human rights, and the rule of law. In light of current constraints in global affairs, it is now more urgent than ever that the international community of nations recognize the fundamental rights of the 23 million Taiwanese people and recognize Taiwan’s aspiration to engage fully in global affairs. It is with this in mind that I wish to reiterate to Your Excellency President Lai, the Taiwanese people, and the world that under my government, Marshall Islands will continue to acknowledge Taiwan’s contribution on the global stage and urge like-minded countries to advocate for Taiwan’s meaningful engagement in the international arena. In closing, may I once again extend our sincere appreciation to Your Excellency President Lai, the people and government of the Republic of China (Taiwan), for your warm welcome.  Also in attendance at the welcome ceremony were Charge d’Affaires a.i. Anjanette Davis-Anjel of the Embassy of the Republic of the Marshall Islands, Dean of the Diplomatic Corps and Saint Vincent and the Grenadines Ambassador Andrea Clare Bowman, and members of the foreign diplomatic corps in Taiwan.  

Details
2025-05-29
President Lai attends 2025 Europe Day Dinner
On the evening of May 29, President Lai Ching-te attended the 2025 Europe Day Dinner. In remarks, President Lai stated that Taiwan looks forward to further establishing institutionalized mechanisms with Europe for our trade and investment ties and hopes to take an innovative and diverse approach to sign an economic partnership agreement with the European Union, to provide a more transparent, stable, and predictable business environment for our enterprises. The president said that Taiwan will actively work alongside other democracies, including those in Europe, to jointly build resilient, promising non-red supply chains, and noted that Taiwan and Europe have endless potential for collaboration, whether it is in safeguarding freedom and democracy or advancing our economic and trade relationship. He expressed hope to further strengthen our partnership and work together toward global peace, stability, and prosperity. A transcript of President Lai’s remarks follows: Chairman [Henry] Chang (張瀚書), thank you for the invitation, and congratulations on your second term. I’m confident that under your leadership, the ECCT [European Chamber of Commerce Taiwan] will build even more bridges for cooperation between Taiwan and Europe. I would also like to thank EETO [European Economic and Trade Office] Head [Lutz] Güllner and all the European country representatives stationed in Taiwan. Your hard work over the years has helped deepen Taiwan-Europe relations and brought about such fruitful cooperation. Thank you. This year we celebrate the 75th anniversary of the Schuman Declaration. In 1950, then-French Foreign Minister Robert Schuman proposed to create a European federation dedicated to preserving peace. The declaration symbolized a new flowering in the post-war era of democracy, unity, and cooperation. As we face the geopolitical challenges and drastic economic changes of today’s world, the Schuman Declaration still speaks to us profoundly. This year is also the 80th anniversary of the end of World War II in Europe. Moving forward, Taiwan will continue to advance cooperation with our democratic partners, and will join hands with Europe to build a partnership of even greater resilience and mutual trust. Europe is Taiwan’s third largest trading partner. It is also Taiwan’s largest source of foreign direct investment. Last year, bilateral trade between Taiwan and Europe totaled US$84.7 billion. This demonstrates our vibrant economic and trade ties and reflects the high levels of confidence our businesses have in each other’s markets and systems. We look forward to Taiwan and Europe further establishing institutionalized mechanisms for our trade and investment ties. And we hope to take an innovative and diverse approach to sign an economic partnership agreement with the EU, to provide a more transparent, stable, and predictable business environment for our enterprises. Today’s Taiwan has an internationally recognized democracy and a semiconductor industry vital to global security and prosperity. This enables us to play a key role in restructuring global democratic supply chains and the economic order. In particular, we see supply chains dominated by a new authoritarian bloc expanding their influence through non-market mechanisms, price subsidies, and monopolies on resources, as they seek global control of critical technologies and manufacturing capabilities. Their actions not only distort principles of market fairness, but also threaten the international community’s basic expectations for democracy, the rule of law, and corporate responsibility. In response, Taiwan will actively work alongside other democracies, including those in Europe, to jointly build resilient, promising non-red supply chains. We will also introduce an initiative on semiconductor supply chain partnerships for global democracies. This is more than a proposal for economic cooperation; it is an alliance of shared values and advanced technology. Security in the Taiwan Strait and regional peace and stability have always been issues of mutual interest for Taiwan and Europe. So here today, on behalf of all the people of Taiwan, I would like to thank the EU and European nations for continuing to take concrete actions in public support of peace and stability across the strait. Such actions are vital to regional security and prosperity. Taiwan will continue to bolster itself to achieve real peace through strength, and will work with democratic partners to safeguard freedom and democracy, thereby showing our determination for regional peace. At this critical time, Taiwan and Europe have endless potential for collaboration, whether it’s in safeguarding freedom and democracy or advancing our economic and trade relationship. I look forward to our joining hands at this strategic juncture to further strengthen our partnership and work together toward global peace, stability, and prosperity. Also in attendance at the event was British Office Taipei Representative Ruth Bradley-Jones.

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2025-05-28
President Lai meets US delegation led by Senator Tammy Duckworth
On the afternoon of May 28, President Lai Ching-te met with a delegation led by United States Senator Tammy Duckworth. In remarks, President Lai thanked the US Congress and government for their longstanding and bipartisan support for Taiwan. The president stated that Taiwan will continue to strengthen cooperation with the US and jointly safeguard regional peace and stability. He pointed out that the Taiwan government has already proposed a roadmap for deepening Taiwan-US trade ties and will encourage mutual investment between Taiwanese and US businesses. He then expressed hope of deepening Taiwan-US ties and creating more niches for both sides. A translation of President Lai’s remarks follows: I warmly welcome this delegation led by Senator Duckworth, a dear friend of Taiwan. Senator Duckworth previously visited in May last year to convey congratulations after the inauguration of myself and Vice President Bi-khim Hsiao. Your bipartisan delegation was the first group from the US Senate that I met with as president. Today, you are visiting just after the first anniversary of my taking office, demonstrating the staunch support of the US and our deep friendship. On behalf of the people of Taiwan, I extend my sincere appreciation and greetings. And I invite you to come back and visit next year, the year after that, and every year. Taiwan and the US share the values of democracy and the rule of law and believe in free and open markets. Both sides embrace a common goal of peace, stability, and prosperity in the Indo-Pacific region. I thank the US Congress and government for their longstanding, bipartisan, and steadfast support for Taiwan. In 2021, to help Taiwan overcome the challenges of the COVID-19 pandemic, Senator Duckworth made a special trip here to announce that the US government would be donating vaccines to Taiwan. In recent years, Senator Duckworth has also promoted the TAIWAN Security Act, STAND with Taiwan Act, and Taiwan and America Space Assistance Act in the US Congress, all of which have further deepened Taiwan-US cooperation and steadily advanced our ties. For this, I express my deepest appreciation. I want to emphasize that the people of Taiwan have an unyielding determination to protect their homeland and free and democratic way of life. Over the past year, the government and private sector have been working together to enhance Taiwan’s whole-of-society defense resilience. The government is committed to reforming national defense, and it has proposed prioritizing special budget allocations to ensure that our defense budget exceeds three percent of GDP. This will continue to bolster Taiwan’s self-defense capabilities. Moving forward, Taiwan will continue to strengthen cooperation with the US. In addition to jointly safeguarding regional peace and stability, we also aspire to deepen bilateral trade and economic ties. At the SelectUSA Investment Summit in Washington, DC, earlier this month, Taiwan’s delegation was once again the biggest delegation attending the event – proof positive of our close economic and trade cooperation. We have already proposed a roadmap for deepening Taiwan-US trade ties. We will narrow the trade imbalance through the procurement of energy and agricultural and other industrial products from the US. We will encourage mutual investment between Taiwanese and US businesses to stimulate industrial development on both sides, especially in such industries as national defense and shipbuilding. We therefore look forward to Congress passing the US-Taiwan Expedited Double-Tax Relief Act as soon as possible, as this would deepen Taiwan-US trade ties and create more niches for business. In closing, I once again thank Senator Duckworth for making the trip to Taiwan. Let us continue to work together to elevate Taiwan-US ties. I wish you a pleasant and successful visit. Senator Duckworth then delivered remarks, saying that she is happy to be back in Taiwan and that she wanted to make sure to come back just after President Lai’s one-year anniversary of taking office to show the dedication and the outstanding friendship that we have. She noted that because no matter who is in the White House, no matter which political party is in power in Washington, DC, she has always believed that if America wants to remain a leader on the global stage, it has to show up for friends like Taiwan.  Senator Duckworth mentioned that in the years that she has been coming to Taiwan since pre-COVID times, she has seen a remarkable increase in participation in its defense and the support of the Taiwanese people for defending the homeland. She then thanked Taiwan for making the commitment to its self-defense, and also for being a partner with other nations around the world.  The STAND with Taiwan Act, the senator noted, is so named because the US wants to stand side by side with Taiwan. Pointing out that Taiwan is an important leader in the Indo-Pacific and on the global stage, she reiterated that there is support on both sides of the aisle in Washington for Taiwanese democracy, and added that the people of Taiwan are showing that they are willing to shore up their own readiness. Senator Duckworth said that whether it is delivering vaccines to Taiwan or making sure that the US National Guard works with Taiwan’s reserve forces or even with its civilian emergency response teams, these are all important components to the ongoing partnership between our nations.  Senator Duckworth indicated that there are many great opportunities moving forward beyond our military cooperation with one another. Whether it is in chip manufacturing, agricultural investments, shipbuilding, or in the healthcare field, those investments in both nations will facilitate stability and development in both our nations. She said that is why she wants to continue the Taiwan-US relationship, underlining that they are in it for the long haul. The delegation was accompanied to the Presidential Office by American Institute in Taiwan Taipei Office Director Raymond Greene.

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2025-05-27
President Lai meets delegation led by US House Natural Resources Committee Chair Bruce Westerman
On the afternoon of May 27, President Lai Ching-te met with a delegation led by Chair of the Natural Resources Committee of the United States House of Representatives Bruce Westerman. In remarks, President Lai stated that Taiwan and the US enjoy close industrial exchanges and continue to explore new opportunities for investment and collaboration. The president said that Taiwan will continue to increase purchases from and together build non-red supply chains with the US, expressing hope that economic and trade relations grow even closer and that both work together to jointly safeguard peace and stability throughout the region. A translation of President Lai’s remarks follows: I am delighted to meet and exchange views with members of the US House Committee on Natural Resources today. Chair Westerman, the leader of this delegation, is an old friend of Taiwan. On behalf of the people of Taiwan, I extend a very warm welcome to the delegation. I also want to thank you all for your long-term close attention to Taiwan-related affairs and your strong support for Taiwan. Taiwan and the US enjoy close ties and share ideals and values. There is an excellent foundation for cooperation between us, particularly in such areas as energy, the economy and trade, agriculture and fisheries, environmental protection, and sustainable development. In recent years, Taiwan-US ties have grown closer and closer. The US has become Taiwan’s largest destination for overseas investment, accounting for over 40 percent of Taiwan’s outbound investment. Taiwan is also the seventh largest trading partner of the US and its seventh largest export market for agricultural products. The SelectUSA Investment Summit held in Washington, DC earlier this month was the largest in its history. Taiwan’s delegation, representing 138 enterprises, was once again the biggest delegation attending the event. This shows that Taiwan and the US enjoy close industrial exchanges and continue to explore new opportunities for investment and collaboration. Looking ahead, with the global landscape changing rapidly, Taiwan will continue to increase purchases from the US, including energy resources such as natural gas and petroleum, as well as agricultural products, industrial products, and even military procurement. This will not only help balance our bilateral trade, but also strengthen development for Taiwan in energy autonomy, resilience, the economy, and trade. Taiwan and the US are also well-matched in such areas as high tech and manufacturing. As the US pursues reindustrialization and aims to become a global hub for AI, Taiwan is willing to take part and play an even more important role. We will strengthen Taiwan-US industrial cooperation and together build non-red supply chains. In addition to bringing our economic and trade relations even closer, this will also allow Taiwanese industries to remain rooted in Taiwan while expanding their global presence, helping bolster the US, and marketing worldwide. As for military exchanges, we are grateful to the US government for continuing its military sales to Taiwan and backing our efforts to upgrade our self-defense capabilities. Taiwan will continue to work with the US to jointly safeguard peace and stability throughout the region. In closing, I thank our guests once again for making the long journey here, not only offering warm friendship, but also demonstrating the staunch bipartisan support for Taiwan in the US Congress. Chair Westerman then delivered remarks, saying that it is an honor for him and his colleagues to be in Taiwan to talk about the strong relationship between the US and Taiwan and how that relationship can continue to grow in the future. The chair pointed out that natural resources are foundational to any kind of economic development, whether it is energy, which is key to manufacturing, or whether it is mining, which provides rare earth elements and all the minerals and metals needed for manufacturing. He said that as for natural resources including fish, wildlife, or timber, all are foundational to any society, but this is especially so for agriculture, noting that the US produces a lot of food and fodder and is always looking for more friends to share that with. Chair Westerman indicated that they are excited about opportunities to work with Taiwan, adding that Taiwan’s investments in the US have been greatly appreciated. He said they also are excited about the talks with the Trump administration and the future going forward on how we can have a stronger trade relationship, a stronger bilateral relationship, and how we can work with each other to help both economies grow and prosper. Chair Westerman concluded his remarks by expressing thanks for the opportunity to visit, saying that they treasure Taiwan’s friendship and our long-term relationship, and are very excited to be able to discuss in more detail how our two countries can work together. The delegation also included US House Natural Resources Committee Representatives Sarah Elfreth, Harriet Hageman, Celeste Maloy, and Nick Begich. The delegation was accompanied to the Presidential Office by American Institute in Taiwan Taipei Office Director Raymond Greene.  

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2025-05-27
President Lai meets and hosts luncheon for delegation led by Governor Lourdes A. Leon Guerrero of Guam
On the morning of May 27, President Lai Ching-te met with a delegation led by Governor Lourdes A. Leon Guerrero of Guam and her husband, and hosted a luncheon for the delegation at noon. In remarks, President Lai noted that this is the governor’s first trip to Taiwan, fully demonstrating the Guam government’s support and high regard for Taiwan. The president said that Guam, being the closest United States territory to Taiwan, is an important bridge for collaboration between Taiwan and the US. He stated that aside from promoting tourism, we can also explore even more opportunities for collaboration in other areas to further advance industrial development for both sides. He said that, as we begin a new chapter, we look forward to working together to generate even more momentum in bilateral cooperation and exchanges. A translation of President Lai’s remarks follows: On behalf of the people of Taiwan, I extend a warm welcome to Governor Leon Guerrero and her delegation. Last year, I transited through Guam en route for visits to Taiwan’s diplomatic allies in the Pacific. The enthusiastic reception I received from the government, legislature, people, and members of our overseas community in Guam was very touching and left me with a deep impression. During the morning tea reception hosted by Governor Leon Guerrero, we joined in singing our respective national anthems, as well as the Fanohge CHamoru. I also received at the Guam Legislature a copy of a Taiwan-friendly resolution it passed on behalf of the people of Taiwan. And I still remember to this day the striking scenery of the governor’s house and the warm reception I received there. It is therefore a great pleasure to meet with all of you today here at the Presidential Office. This is Governor Leon Guerrero’s first trip to Taiwan. Your visit fully demonstrates the Guam government’s support and high regard for Taiwan. As we begin a new chapter, we look forward to working with you to generate even more momentum in bilateral cooperation and exchanges. Taiwan and Guam are like family. We share the Austronesian spirit and culture. Our wide-ranging and mutually-beneficial collaboration is very fruitful. And now, we are facing the challenges of climate change, public health and medicine, and regional security together. The world is rapidly changing and tensions in the Indo-Pacific continue to rise. But if we combine our strengths, come together as one, and enhance cooperation, we can maintain regional peace, stability, and prosperity. Last Tuesday, I delivered an address on my first anniversary of taking office. I mentioned that for many years, Taiwan, the US, and our democratic partners have actively engaged in exchange and cooperation. Taking a market-oriented approach, we will promote an economic path of staying firmly rooted in Taiwan and expanding the global presence of our enterprises while strengthening ties with the US. Guam is the closest US territory to Taiwan. It is an important bridge for collaboration between Taiwan and the US. Last month, we were pleased to see United Airlines officially launch direct flights between Taipei and Guam. I believe this will benefit tourism and economic and trade exchanges for both sides. In the area of health care, many hospitals in Taiwan already offer referral services to patients from Guam. Both Governor Leon Guerrero and I have backgrounds in medicine. It is my hope that Taiwan and Guam can continue to work hand in hand to create even more positive outcomes from cooperation in public health and medical services. During the governor’s visit, aside from promoting tourism, we can also explore even more opportunities for collaboration in other areas. There is potential for more exchanges in aquaculture, food processing, hydroculture, manufacturing, pharmaceuticals, and recycling. This will further advance industrial development in Taiwan and Guam. In closing, I thank Governor Leon Guerrero and all our distinguished guests for backing Taiwan. I wish you all a smooth and successful visit.  Governor Leon Guerrero then delivered remarks, saying that she is very happy to come to Taiwan. She said that after learning during President Lai’s visit to Guam last year that he is a medical doctor, she felt more relaxed because healthcare colleagues are one in their endeavor to help enhance the health and well-being of people. She then expressed her heartfelt appreciation for the invitation to Taiwan.  Governor Leon Guerrero said that as they learn more about opportunities for collaboration with Taiwan, they are humbled by the hospitality they have experienced. In both of our islands, she said, hospitality is more than just a custom – it forms a part of our identities. She noted that despite being nearly 2,000 miles apart, we are connected by the Pacific Ocean and common roots, and our ancestors both value family, community, and tradition. That is why being here today, she said, she feels a strong sense of familiarity, like reconnecting with old friends. The governor remarked that Taiwan has evolved so quickly in all areas of essential life, sustenance, economy, and prosperity, adding that Taiwan’s resources in such areas as health, education, data, AI, advanced technology, aquaculture, agriculture, and commerce enhance our economic stability. She stated her belief that in collaboration and support, and working with each other, we can gain prosperity, maintain freedom and democracy, and live in peace.  Governor Leon Guerrero stated that their delegation is here to see how they can partner with Taiwan to help raise the quality of life for both our peoples, mentioning that one special concern of theirs is tourism. Tourism, she said, is the most influential engine and driver for the economy and quality of life in Guam, but they cannot have a vibrant economy and tourism without air connectivity. She added that they are prepared to help in any way to provide incentives and low-cost fees so that they can get more airlines from Taiwan to establish permanent flight schedules to Guam, so as to drive development in Guam’s tourism industry. Governor Leon Guerrero then proceeded to introduce each of the members of her delegation before remarking that while they have been very busy on this visit they are always reminded of the freedom and democracy that the people must protect. She said she looks forward to a great, strong relationship between Taiwan and Guam in cooperation on social and economic issues, in culture, marketing, tourism, and freedom and democracy. Among those in attendance were First Gentleman Jeffrey A. Cook, Chief of Staff Jon Junior Calvo, Director of the Department of Administration Edward Birn, General Manager of the Guam Visitors Bureau Regine Biscoe Lee, Deputy Executive Manager of the Guam International Airport Authority Artemio “Ricky” Hernandez, Board of Directors Chairman of the Guam International Airport Authority Brian J. Bamba, Deputy General Manager of the Guam Economic Development Authority Carlos Bordallo, Director of Landscape Management Systems Guam Bob Salas, Chairperson of the Guam Chamber of Commerce Tae Oh, President of the University of Guam Anita Borja Enriquez, and Director of the Guam Taiwan Office Felix Yen (嚴樹芬). After the meeting, President Lai, accompanied by Vice President Bi-khim Hsiao, hosted a luncheon for Governor Leon Guerrero, her husband, and the delegation.

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2025-05-20
President Lai interviewed by Nippon Television and Yomiuri TV
In a recent interview on Nippon Television’s news zero program, President Lai Ching-te responded to questions from host Mr. Sakurai Sho and Yomiuri TV Shanghai Bureau Chief Watanabe Masayo on topics including reflections on his first year in office, cross-strait relations, China’s military threats, Taiwan-United States relations, and Taiwan-Japan relations. The interview was broadcast on the evening of May 19. During the interview, President Lai stated that China intends to change the world’s rules-based international order, and that if Taiwan were invaded, global supply chains would be disrupted. Therefore, he said, Taiwan will strengthen its national defense, prevent war by preparing for war, and achieve the goal of peace. The president also noted that Taiwan’s purpose for developing drones is based on national security and industrial needs, and that Taiwan hopes to collaborate with Japan. He then reiterated that China’s threats are an international problem, and expressed hope to work together with the US, Japan, and others in the global democratic community to prevent China from starting a war. Following is the text of the questions and the president’s responses: Q: How do you feel as you are about to round out your first year in office? President Lai: When I was young, I was determined to practice medicine and save lives. When I left medicine to go into politics, I was determined to transform Taiwan. And when I was sworn in as president on May 20 last year, I was determined to strengthen the nation. Time flies, and it has already been a year. Although the process has been very challenging, I am deeply honored to be a part of it. I am also profoundly grateful to our citizens for allowing me the opportunity to give back to our country. The future will certainly be full of more challenges, but I will do everything I can to unite the people and continue strengthening the nation. That is how I am feeling now. Q: We are now coming up on the 80th anniversary of the end of World War II, and over this period, we have often heard that conflict between Taiwan and the mainland is imminent. Do you personally believe that a cross-strait conflict could happen? President Lai: The international community is very much aware that China intends to replace the US and change the world’s rules-based international order, and annexing Taiwan is just the first step. So, as China’s military power grows stronger, some members of the international community are naturally on edge about whether a cross-strait conflict will break out. The international community must certainly do everything in its power to avoid a conflict in the Taiwan Strait; there is too great a cost. Besides causing direct disasters to both Taiwan and China, the impact on the global economy would be even greater, with estimated losses of US$10 trillion from war alone – that is roughly 10 percent of the global GDP. Additionally, 20 percent of global shipping passes through the Taiwan Strait and surrounding waters, so if a conflict breaks out in the strait, other countries including Japan and Korea would suffer a grave impact. For Japan and Korea, a quarter of external transit passes through the Taiwan Strait and surrounding waters, and a third of the various energy resources and minerals shipped back from other countries pass through said areas. If Taiwan were invaded, global supply chains would be disrupted, and therefore conflict in the Taiwan Strait must be avoided. Such a conflict is indeed avoidable. I am very thankful to Prime Minister of Japan Ishiba Shigeru and former Prime Ministers Abe Shinzo, Suga Yoshihide, and Kishida Fumio, as well as US President Donald Trump and former President Joe Biden, and the other G7 leaders, for continuing to emphasize at international venues that peace and stability across the Taiwan Strait are essential components for global security and prosperity. When everyone in the global democratic community works together, stacking up enough strength to make China’s objectives unattainable or to make the cost of invading Taiwan too high for it to bear, a conflict in the strait can naturally be avoided. Q: As you said, President Lai, maintaining peace and stability across the Taiwan Strait is also very important for other countries. How can war be avoided? What sort of countermeasures is Taiwan prepared to take to prevent war? President Lai: As Mr. Sakurai mentioned earlier, we are coming up on the 80th anniversary of the end of WWII. There are many lessons we can take from that war. First is that peace is priceless, and war has no winners. From the tragedies of WWII, there are lessons that humanity should learn. We must pursue peace, and not start wars blindly, as that would be a major disaster for humanity. In other words, we must be determined to safeguard peace. The second lesson is that we cannot be complacent toward authoritarian powers. If you give them an inch, they will take a mile. They will keep growing, and eventually, not only will peace be unattainable, but war will be inevitable. The third lesson is why WWII ended: It ended because different groups joined together in solidarity. Taiwan, Japan, and the Indo-Pacific region are all directly subjected to China’s threats, so we hope to be able to join together in cooperation. This is why we proposed the Four Pillars of Peace action plan. First, we will strengthen our national defense. Second, we will strengthen economic resilience. Third is standing shoulder to shoulder with the democratic community to demonstrate the strength of deterrence. Fourth is that as long as China treats Taiwan with parity and dignity, Taiwan is willing to conduct exchanges and cooperate with China, and seek peace and mutual prosperity. These four pillars can help us avoid war and achieve peace. That is to say, Taiwan hopes to achieve peace through strength, prevent war by preparing for war, keeping war from happening and pursuing the goal of peace. Q: Regarding drones, everyone knows that recently, Taiwan has been actively researching, developing, and introducing drones. Why do you need to actively research, develop, and introduce new drones at this time? President Lai: This is for two purposes. The first is to meet national security needs. The second is to meet industrial development needs. Because Taiwan, Japan, and the Philippines are all part of the first island chain, and we are all democratic nations, we cannot be like an authoritarian country like China, which has an unlimited national defense budget. In this kind of situation, island nations such as Taiwan, Japan, and the Philippines should leverage their own technologies to develop national defense methods that are asymmetric and utilize unmanned vehicles. In particular, from the Russo-Ukrainian War, we see that Ukraine has successfully utilized unmanned vehicles to protect itself and prevent Russia from unlimited invasion. In other words, the Russo-Ukrainian War has already proven the importance of drones. Therefore, the first purpose of developing drones is based on national security needs. Second, the world has already entered the era of smart technology. Whether generative, agentic, or physical, AI will continue to develop. In the future, cars and ships will also evolve into unmanned vehicles and unmanned boats, and there will be unmanned factories. Drones will even be able to assist with postal deliveries, or services like Uber, Uber Eats, and foodpanda, or agricultural irrigation and pesticide spraying. Therefore, in the future era of comprehensive smart technology, developing unmanned vehicles is a necessity. Taiwan, based on industrial needs, is actively planning the development of drones and unmanned vehicles. I would like to take this opportunity to express Taiwan’s hope to collaborate with Japan in the unmanned vehicle industry. Just as we do in the semiconductor industry, where Japan has raw materials, equipment, and technology, and Taiwan has wafer manufacturing, our two countries can cooperate. Japan is a technological power, and Taiwan also has significant technological strengths. If Taiwan and Japan work together, we will not only be able to safeguard peace and stability in the Taiwan Strait and security in the Indo-Pacific region, but it will also be very helpful for the industrial development of both countries. Q: The drones you just described probably include examples from the Russo-Ukrainian War. Taiwan and China are separated by the Taiwan Strait. Do our drones need to have cross-sea flight capabilities? President Lai: Taiwan does not intend to counterattack the mainland, and does not intend to invade any country. Taiwan’s drones are meant to protect our own nation and territory. Q: Former President Biden previously stated that US forces would assist Taiwan’s defense in the event of an attack. President Trump, however, has yet to clearly state that the US would help defend Taiwan. Do you think that in such an event, the US would help defend Taiwan? Or is Taiwan now trying to persuade the US? President Lai: Former President Biden and President Trump have answered questions from reporters. Although their responses were different, strong cooperation with Taiwan under the Biden administration has continued under the Trump administration; there has been no change. During President Trump’s first term, cooperation with Taiwan was broader and deeper compared to former President Barack Obama’s terms. After former President Biden took office, cooperation with Taiwan increased compared to President Trump’s first term. Now, during President Trump’s second term, cooperation with Taiwan is even greater than under former President Biden. Taiwan-US cooperation continues to grow stronger, and has not changed just because President Trump and former President Biden gave different responses to reporters. Furthermore, the Trump administration publicly stated that in the future, the US will shift its strategic focus from Europe to the Indo-Pacific. The US secretary of defense even publicly stated that the primary mission of the US is to prevent China from invading Taiwan, maintain stability in the Indo-Pacific, and thus maintain world peace. There is a saying in Taiwan that goes, “Help comes most to those who help themselves.” Before asking friends and allies for assistance in facing threats from China, Taiwan must first be determined and prepared to defend itself. This is Taiwan’s principle, and we are working in this direction, making all the necessary preparations to safeguard the nation. Q: I would like to ask you a question about Taiwan-Japan relations. After the Great East Japan Earthquake in 2011, you made an appeal to give Japan a great deal of assistance and care. In particular, you visited Sendai to offer condolences. Later, you also expressed condolences and concern after the earthquakes in Aomori and Kumamoto. What are your expectations for future Taiwan-Japan exchanges and development? President Lai: I come from Tainan, and my constituency is in Tainan. Tainan has very deep ties with Japan, and of course, Taiwan also has deep ties with Japan. However, among Taiwan’s 22 counties and cities, Tainan has the deepest relationship with Japan. I sincerely hope that both of you and your teams will have an opportunity to visit Tainan. I will introduce Tainan’s scenery, including architecture from the era of Japanese rule, Tainan’s cuisine, and unique aspects of Tainan society, and you can also see lifestyles and culture from the Showa era.  The Wushantou Reservoir in Tainan was completed by engineer Mr. Hatta Yoichi from Kanazawa, Japan and the team he led to Tainan after he graduated from then-Tokyo Imperial University. It has nearly a century of history and is still in use today. This reservoir, along with the 16,000-km-long Chianan Canal, transformed the 150,000-hectare Chianan Plain into Taiwan’s premier rice-growing area. It was that foundation in agriculture that enabled Taiwan to develop industry and the technology sector of today. The reservoir continues to supply water to Tainan Science Park. It is used by residents of Tainan, the agricultural sector, and industry, and even the technology sector in Xinshi Industrial Park, as well as Taiwan Semiconductor Manufacturing Company. Because of this, the people of Tainan are deeply grateful for Mr. Hatta and very friendly toward the people of Japan. A major earthquake, the largest in 50 years, struck Tainan on February 6, 2016, resulting in significant casualties. As mayor of Tainan at the time, I was extremely grateful to then-Prime Minister Abe, who sent five Japanese officials to the disaster site in Tainan the day after the earthquake. They were very thoughtful and asked what kind of assistance we needed from the Japanese government. They offered to provide help based on what we needed. I was deeply moved, as former Prime Minister Abe showed such care, going beyond the formality of just sending supplies that we may or may not have actually needed. Instead, the officials asked what we needed and then provided assistance based on those needs, which really moved me. Similarly, when the Great East Japan Earthquake of 2011 or the later Kumamoto earthquakes struck, the people of Tainan, under my leadership, naturally and dutifully expressed their support. Even earlier, when central Taiwan was hit by a major earthquake in 1999, Japan was the first country to deploy a rescue team to the disaster area. On February 6, 2018, after a major earthquake in Hualien, former Prime Minister Abe appeared in a video holding up a message of encouragement he had written in calligraphy saying “Remain strong, Taiwan.” All of Taiwan was deeply moved. Over the years, Taiwan and Japan have supported each other when earthquakes struck, and have forged bonds that are family-like, not just neighborly. This is truly valuable. In the future, I hope Taiwan and Japan can be like brothers, and that the peoples of Taiwan and Japan can treat one another like family. If Taiwan has a problem, then Japan has a problem; if Japan has a problem, then Taiwan has a problem. By caring for and helping each other, we can face various challenges and difficulties, and pursue a brighter future. Q: President Lai, you just used the phrase “If Taiwan has a problem, then Japan has a problem.” In the event that China attempts to invade Taiwan by force, what kind of response measures would you hope the US military and Japan’s Self-Defense Forces take? President Lai: As I just mentioned, annexing Taiwan is only China’s first step. Its ultimate objective is to change the rules-based international order. That being the case, China’s threats are an international problem. So, I would very much hope to work together with the US, Japan, and others in the global democratic community to prevent China from starting a war – prevention, after all, is more important than cure.

LCQ6: Bringing in diversified talents

Source: Hong Kong Government special administrative region

     Following is a question by the Hon Mrs Regina Ip and a reply by the Secretary for the Civil Service, Mrs Ingrid Yeung, in the Legislative Council today (June 4):
 
Question:

     It is learnt that the Government, public organisations and some private enterprises have set biliteracy and trilingualism (i.e. the ability to write Chinese and English fluently along with an excellent command of spoken Cantonese, Putonghua and English) as the language proficiency requirement for recruitment. However, there are views pointing out that such requirement makes it impossible for talents with exceptional qualifications but uneven levels of biliteracy and trilingualism, or those who are proficient in specific languages and possess specific expertise to be recruited, and this may affect the talent diversity and competitiveness of Hong Kong in the long run. In this connection, will the Government inform this Council: