Author: MIL-OSI Publisher

Source: Hong Kong Government special administrative region

     Following is a question by the Hon Frankie Yick and a written reply by the Acting Secretary for Financial Services and the Treasury, Mr Joseph Chan, in the Legislative Council today (May 14):
 
Question:
 
     In January of this year, the London Metal Exchange (LME), a subsidiary of the Hong Kong Exchanges and Clearing Limited, announced that it would include Hong Kong as an approved delivery point within its global warehousing network and accept applications from warehouse operators for approval. Last month, LME announced that it had approved applications to establish four LME-licensed warehouse facilities in Hong Kong. Furthermore, it has been reported that other warehouse operators are applying to become approved warehouses for the storage of LME-registered brands of metals. In this connection, will the Government inform this Council:
 
(1) whether it knows the following information about the four warehouses that have been approved by LME and those that are applying to become approved warehouses: (i) locations, (ii) storage capacities, and (iii) the timing of formal commencement of service; whether the authorities have estimated the number of warehouses and storage capacity needed to develop Hong Kong as a metal delivery point, and what the respective differences are as compared to the current supply and capacity of warehouses;
 
(2) as it has been reported that, to encourage more warehouse operators to apply to become approved warehouses of LME, the Government has stated that it will provide assistance on technical matters as appropriate, whether it knows the requirements for becoming an approved warehouse of LME; what assistance the Government has provided to address technical issues faced by warehouse operators; and
 
(3) regarding the creation of a commodity trading ecosystem, apart from developing approved warehouses, what further measures the Government has put in place to facilitate the robust development of local commodities trading-related services, so as to consolidate Hong Kong’s position as an international financial, shipping and trade centre?
 
Reply:
 
President,
 
     Our country is the world’s largest consumer of industrial metals. Developing relevant commodity trading will drive the development of a financial, shipping and trade centre in Hong Kong. The Chief Executive’s 2024 Policy Address proposes the creation of a commodity trading ecosystem which can be a starting point for attracting relevant enterprises to establish a presence in Hong Kong, turning our city into an operation centre for international commodity trading, storage and delivery, shipping and logistics, risk management, and more.
 
     In consultation with the Hong Kong Exchanges and Clearing Limited (HKEX), the reply to the three parts of the question is as follows:
 
(1) and (2) The London Metal Exchange (LME), a wholly-owned subsidiary of the HKEX, included Hong Kong as an approved delivery point within its global warehousing network in January this year, and began accepting applications from warehouse operators to become approved warehouses. The LME announced the approval of the first four approved warehouses to be established in Hong Kong in April this year. The total storage area and types of metal that can be stored in each warehouse are set out in the table below.
 

Warehouse location	Total storage area (square metre)	Types of metal that can be stored
Cheung Sha Wan	500	aluminium alloy, primary aluminium, copper, nickel, lead, tin and zinc
	500
Tsing Yi	4 100	aluminium alloy, lead, tin and zinc
Yuen Long	4 062	aluminium alloy, primary aluminium, copper, nickel, lead, tin and zinc

 
     The LME-approved warehouses are required to comply with relevant technical requirements, such as loading standards for metals. The four warehouse facilities have passed LME’s initial inspection and are compliant with relevant standards in terms of transportation and logistics. Preparations including system connections are underway, and the facilities are expected to commence operations gradually as soon as July this year.
 
     Before making the decision to include Hong Kong as an approved delivery point, the LME had assessed the feasibility of establishing warehouse facilities in Hong Kong, including the sustainability of business operations, cost, technical requirements, etc. In selecting suitable sites for the warehouses, the operators had to hold in-depth discussions with the relevant warehousing industry players and landowners, which mainly involved the circumstances of individual facilities (such as loading capacity and infrastructure requirements) and other business considerations. In the course of discussion, technical issues involving planning permissions, lease conditions, etc. were identified. The Financial Services and the Treasury Bureau (FSTB) in collaboration with relevant bureaux and departments has been maintaining communication with relevant industry players, and held meetings to provide relevant information and guidance.
 
     The LME has indicated that there are other operators applying to become approved warehouses, and it is expected that more warehouses will be approved subsequently. Based on the implementation of the relevant market mechanism, the development of metal delivery destinations and warehouses will be determined by market supply and demand. There is no specific quantitative target.
 
(3) In terms of base metals, besides facilitating the LME to establish approved warehouses in Hong Kong, to attract more trading and delivery, the HKEX will host LME Asia Week in May this year, inviting international and Mainland metal manufacturers, traders, buyers and sellers to participate in in-depth discussions and exchanges on industry topics, including the introduction of the latest LME approved delivery points, including Hong Kong.
 
     In terms of financial trading of other types of commodity, the Chief Executive’s 2024 Policy Address proposes to use gold as an entry point to develop the relevant commodity ecosystem. Specifically, it is the Government’s goal to promote the development of world-class gold storage facilities, thereby attracting more investors and users from different economies, including the Middle East and Southeast Asia, to store gold in Hong Kong. On the basis of increased storage, we expect increased demand for associated support services in insurance, testing and certification, logistics, etc, while in parallel expanding related transactions including collateral, loan and hedging, hence creating a comprehensive ecosystem in a progressive manner. This will drive all-round multi-currency trading, clearing and delivery, as well as the development of the regulatory system, covering transactions using offshore Renminbi (RMB), thereby establishing a holistic gold trading centre with an industry chain. The FSTB established the Working Group on Promoting Gold Market Development (Working Group) in December 2024, comprising leaders of the financial industry, representatives of regulatory bodies and market participants, to comprehensively review all aspects relating to financial transactions of gold. The Working Group will formulate a plan this year to enhance storage facilities, optimise trading and regulatory mechanisms, expand exchange products, and conduct market promotion.
 
     At the same time, the Qianhai Mercantile Exchange, a subsidiary of the HKEX, operates our country’s only offshore spot trading platform for soybeans, thereby laying the foundation for the expansion of RMB-denominated commodity products, channeling off-shore RMB liquidity to the commodities market, promoting RMB internationalisation, attracting relevant traders to expand their business in Hong Kong, and establishing an ecosystem for the commodity.

Source: Republic of China Taiwan

Support Taiwan’s participation in the WHO and welcome the Fu Jen Catholic University delegation
Organizers Jennifer Lee and Kathy Sieh, representing the Taiwanese community, urged that the WHO should not be influenced by political pressure and ignore the human rights of Taiwan’s 23 million people. They emphasized that viruses know no borders, and the WHO should promptly include Taiwan.
Director General David Cheng-Wei Wu stressed that Taiwan has been prevented from participating in WHO due to China’s continued distortion of UNGA Resolution 2758 and WHA Resolution 25.1. Neither of them mentions Taiwan is part of the PRC. These resolutions have no power to confer upon the PRC any right to represent Taiwan in WHO. So we must urge WHO and all relevant parties to recognize Taiwan’s contributions to global public health. Taiwan should be included in the WHA and all WHO meetings.
The Hon. Jacqui Munro MLC praised Taiwan’s achievement on economic development and medical capabilities and mentioned that Australian Parliament and NSW Parliament passed motions to refute China’s misinterpretation of UNGA 2758. Taiwan should be included in the WHO and work together to make the world stronger and better.
Councilor Michelle Chuang of Willoughby City Council also reaffirm the vital truth: global health knows no border and the health security of people in Taiwan— and the wider world—should never be a matter of diplomatic bargaining.
There was the keynote speech of Ms LIN,Yu-wen, Associate Dean, College of Medicine of FJCU. She shared her thoughts of why Taiwan should play a crucial role in the WHO. It was followed by President of FJCU Prof. Francis Yi-chen LAN’s presentation about school’s GRACE strategy and vision.
It is much appreciated to see nearly 100 guests turn up to speak up and support Taiwan’s bid to participate in the WHO.

Source: Hong Kong Government special administrative region

Source: Hong Kong Government special administrative region

Source: Hong Kong Government special administrative region

Source: Hong Kong Government special administrative region

Following is a question by the Hon Shiu Ka-fai and a written reply by the Secretary for Environment and Ecology, Mr Tse Chin-wan, in the Legislative Council today (May 14):
 
Question:
 
Under the Hong Kong legislation, electrical products supplied in Hong Kong are required to carry a certificate of safety compliance, and energy labels are required to be shown on certain prescribed products supplied in Hong Kong. In the case of regulated electrical equipment, suppliers of such equipment are even required to register with the Environmental Protection Department (EPD) as registered suppliers and pay a recycling levy (the levy) to the EPD for the regulated electrical equipment distributed by them. However, it is learnt that quite a number of electrical products purchased online in Hong Kong through cross-border e-commerce platforms have not complied with the requirements of the aforesaid legislation, thus posing potential safety hazards to Hong Kong consumers and causing unfairness to local law-abiding merchants. In this connection, will the Government inform this Council:
 
(1) of the measures taken by the authorities to intercept the import of non-compliant electrical products into Hong Kong in each of the past three years;

(2) as it has been reported that some cross-border e-commerce platforms intend to set up physical shops in Hong Kong, whereby goods are displayed for customers to experience in person, and customers may conduct transactions on online platforms and have the goods delivered directly by manufacturers outside Hong Kong, whether the authorities have studied if such selling approach has circumvented the existing laws of Hong Kong or if there are grey areas; if it has studied, of the details; if not, the reasons for that; 
Reply:
 
President, 
(1) Since 2019, a Cross-border E-commerce Working Group (the Working Group) was established under the Cooperation Arrangement on Electrical and Mechanical Products Safety and Energy Efficiency between the EMSD and the General Administration of Customs of the People’s Republic of China. The Working Group focuses on controlling the risks arisen from cross-border e-commerce platforms, including the reporting of unsafe electrical products supplied through these platforms. Upon receiving notifications, the Mainland Authority will conduct follow-up actions according to the case merits, including proactive measures like order interception and product delisting to prevent unsafe electrical products from entering Hong Kong. The EMSD also co-organises annual policy and regulation briefings with the relevant Mainland Authority to explain to cross-border e-commerce platform businesses, electrical product manufacturers, and testing personnel the relevant laws and instructions for the supply of electrical products in Hong Kong, enhancing their understanding of regulations related to exporting household electrical products to Hong Kong. To date, 12 such briefings have been conducted.
 
Besides, the EMSD has conducted sample checks on 16 types for 180 household electrical products supplied in Hong Kong in the past three years. It also engages third party testing and certification bodies to conduct testing on the relevant safety standards. Around 160 prescribed products were also checked for compliance with the energy efficiency information on the energy label over the same period. If the relevant products are suspected to be in violation of the Regulation or the Energy Efficiency (Labelling of Products) Ordinance, the EMSD will conduct follow-up investigations.
 
The EMSD also conducts inspections at retail stores supplying household electrical products, local e-commerce platforms, and their suppliers. Prosecutions will be carried out against non-compliant products. In the past three years, around 14 000 inspections were conducted, uncovering about 230 cases of violations of the Regulations or the Energy Efficiency (Labelling of Products) Ordinance, which have resulted in fines totalling at around $500,000.
 
(2) and (3) Regarding the situation described in question (2), the EMSD has maintained communication with cross-border e-commerce platforms in the Mainland to remind them that household electrical products supplied in Hong Kong must comply with the local legal requirements. The EMSD will continue to monitor the operations of these platforms in Hong Kong, consult the Department of Justice regarding potential violations of the Regulations and the Energy Efficiency (Labelling of Products) Ordinance, and take further actions including prosecution as necessary.
 
Regarding the recycling levy arrangement, the EPD has noted recent operational models of certain cross-border e-commerce platform may involve the distribution or sale of regulated electrical equipment in Hong Kong. The EPD has approached the relevant platform to understand the situation and explain the relevant regulations. The platform concerned has also submitted to the EPD the applications for supplier registration endorsement of removal service plan. The EPD will continue to monitor the operational models of these platforms in Hong Kong and follow up on suspected violations.
 
The EPD and the EMSD have established a communication mechanism since 2024 to exchange intelligence on suspected offences relating to the Regulation, the Mandatory Energy Efficiency Labelling Scheme and WPRS. A joint enforcement operation was conducted in July 2024, resulting in prosecutions for violations that led to convictions and fines totalling at $22,500 in February 2025. Meanwhile, the EPD regularly inspects suppliers, sellers, and collectors under the WPRS, and has conducted over 1 600 inspections in the past three years, with summons issued to prosecute 28 non-compliant cases.
 
(4) Over the past three years, the EMSD has not received any reports on unregistered electrical workers installing household appliances arranged by cross-border e-commerce platforms. The EMSD will communicate with cross-border e-commerce platforms about the situation, and will follow up and investigate in accordance with the Electricity Ordinance as necessary.
 
(5) Having considered the relevant regulatory arrangements in other regions and the need to balance the actual enforcement situations with the prevailing business environment, the Government currently has no plan to amend the relevant regulations to cover the purchase of imported electrical products from cross-border e-commerce platforms and products imported in person. The EMSD will continue to take enforcement actions under a “risk-based” approach, and enhance public awareness of electrical products safety and energy efficiency through education and promotion. The EPD and the EMSD will continue to monitor market developments, review the implementation of the relevant regulations and enhance the enforcement arrangements in response to changing business models.

Source: Hong Kong Government special administrative region

Source: Hong Kong Government special administrative region

Source: Hong Kong Information Services

Chief Executive John Lee met Kuwait’s local leaders and business representatives, as well as visited cultural facilities on the first day of his visit to the country.
 
While leading a business delegation comprising representatives from Hong Kong and Mainland enterprises, Mr Lee met the Amir, head of state of Kuwait Meshal Al-Ahmad Al-Jaber Al-Sabah, Kuwait Crown Prince Sabah Al-Khaled Al-Hamad Al-Mubarak Al-Sabah and Kuwait Acting Prime Minister Fahad Yousuf Saud Al-Sabah in the morning to exchange views on strengthening co-operation between Hong Kong and Kuwait.
     
Mr Lee then attended a roundtable meeting chaired by the Acting Prime Minister, engaging in in-depth discussions with senior officials of the Kuwait government on areas such as finance, trade, and innovation and technology (I&T).
 
Mr Lee and the Acting Prime Minister witnessed the signing of Memoranda of Understanding by Invest Hong Kong and the Hong Kong Trade Development Council with the Kuwait Direct Investment Promotion Authority respectively. He and the delegation also participated in a luncheon hosted by the Acting Prime Minister.
 
The Chief Executive noted that Kuwait is the first member of the Cooperation Council for the Arab States of the Gulf (GCC) to sign both an Investment Promotion & Protection Agreement and a Comprehensive Avoidance of Double Taxation Agreement with Hong Kong, establishing a robust framework and foundation for economic and trade co-operation between the two places.
 
He pointed out that Kuwait has been actively developing a diversified economy in recent years, proposing Kuwait Vision 2035 to promote digital transformation and develop the country into a regional and international financial and trade centre.
 
He highlighted that Hong Kong, as an international financial, shipping and trade centre with world-class professional services, has vast opportunities for co-operation with Kuwait in areas such as finance, investment, digital economy, and I&T, and can assist Kuwait in advancing its Vision 2035.
 
Underscoring that Kuwait is the rotating President of the GCC currently, Mr Lee expressed his anticipation to strengthen co-operation between Hong Kong and Kuwait, adding that he looks forward to establishing closer economic, trade and cultural exchanges with more GCC member states.
 
Additionally, Mr Lee emphasised that Hong Kong enjoys the advantage of connecting the country with the world under the “one country, two systems” principle. Hong Kong will fully leverage its role as a bridge to serve enterprises in going global and attracting external investment, complementing the strengths of Mainland enterprises while deepening international exchanges and co-operation.
 
He welcomed the Kuwaiti Government and enterprises to utilise Hong Kong’s role as a super connector and super value-adder to explore new opportunities under the Belt & Road Initiative for mutual benefit.
 
Later, Mr Lee and the delegation met representatives of a local corporation, Bukhamseen Group Holding Company, to learn about the latest developments in the company’s businesses in construction, real estate, financial services, and culture and tourism.
 
Apart from introducing Hong Kong’s development opportunities and its highly internationalised and market-oriented business environment with its pool of professional services talent, Mr Lee also welcomed the company to use Hong Kong as a springboard to develop diversified businesses and tap into the Mainland market, better grasping the immense opportunities brought by the Belt & Road Initiative and the development of the Guangdong-Hong Kong-Macao Greater Bay Area.
 
Afterwards, Mr Lee visited the Sheikh Abdullah Al Salem Cultural Centre to learn about Kuwait’s arts and culture projects and developments.
 
Mr Lee made it clear that the Hong Kong Special Administrative Region Government is committed to developing Hong Kong into an East-meets-West centre for international cultural exchanges, with the West Kowloon Cultural District as one of the world’s largest arts and culture projects.
 
He noted that both Hong Kong and Kuwait place importance on arts and culture development, and he looks forward to further deepening connections and co-operation in cultural exchanges between the two places.
 
The delegation led by Mr Lee attended a dinner hosted by the Ambassador Extraordinary & Plenipotentiary of the People’s Republic of China to the State of Kuwait Zhang Jianwei.
 
Mr Lee thanked the embassy for making meticulous arrangements for the visit and for its continued support to the Hong Kong SAR Government and the Hong Kong Economic & Trade Office in Dubai.
 
The Hong Kong SAR Government will continue to promote economic, trade, and cultural exchanges between Hong Kong and Kuwait.

Source: Hong Kong Government special administrative region