LegCo to consider Inland Revenue (Amendment) (Tax Concessions, Concessionary Deductions and Allowances) Bill 2026

Source: Hong Kong Government special administrative region

LegCo to consider Inland Revenue (Amendment) (Tax Concessions, Concessionary Deductions and Allowances) Bill 2026 
     The Legislative Council (LegCo) will hold a meeting on Wednesday (May 13) at 11am in the Chamber of the LegCo Complex. During the meeting, the Second Reading debate on the Inland Revenue (Amendment) (Tax Concessions, Concessionary Deductions and Allowances) Bill 2026 will resume. If the Bill is supported by Members and receives its Second Reading, it will stand committed to the committee of the whole Council. After the committee of the whole Council has completed consideration of the Bill and its report is adopted by the Council, the Bill will be set down for the Third Reading.
 
     On Government motion, the Secretary for Financial Services and the Treasury will move a proposed resolution under the Loans Ordinance. The proposed resolution is set out in Appendix 1.
 
     On Members’ motions, Mr Andrew Yao will move a motion on “Comprehensively enhancing the competitiveness of Hong Kong as an international shipping centre”. The motion is set out in Appendix 2. Ms Julia Lau will move an amendment to Mr Yao’s motion.
 
     Mr Hung Kam-in will move a motion on “Promoting the development of Hong Kong’s silver economy to align with national strategies”. The motion is set out in Appendix 3. Ms Julia Lau will move an amendment to Mr Hung’s motion.
 
     Members will also ask the Government 22 questions on various policy areas, six of which require oral replies.
 
     The agenda of the above meeting is available on the LegCo Website (www.legco.gov.hkIssued at HKT 17:32

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Government invites public views on outline of its combined fourth and fifth UNCRPD reports

Source: Hong Kong Government special administrative region

Government invites public views on outline of its combined fourth and fifth UNCRPD reports 
     The UNCRPD entered into force for the PRC, including the HKSAR, on August 31, 2008. The purpose of the UNCRPD is to promote, protect and ensure the full and equal enjoyment of all human rights and fundamental freedoms by all persons with disabilities, and to promote respect for their inherent dignity.
 
     In accordance with Article 35 of the UNCRPD, each State Party shall periodically submit reports on the measures taken to discharge its obligations under the UNCRPD for consideration by the United Nations Committee on the Rights of Persons with Disabilities (the Committee). The HKSAR Government submitted its combined second and third reports on the implementation of the UNCRPD in 2018, which were subsequently incorporated into the combined second and third reports submitted by the country to the United Nations, and the reports were considered by the Committee in 2022.
 
     A spokesman for the Labour and Welfare Bureau (LWB) said, “We will report the specific situations on the implementation of the UNCRPD in the HKSAR since the previous reports. We will also respond in the reports to the concerns raised and recommendations made by the Committee in its Concluding Observations published after the hearings held in 2022.”
 
     The public consultation period commences today and will end on June 30. The LWB and the Rehabilitation Advisory Committee will cohost public consultation sessions during the consultation period for all members of the public to express their views. Details of the public consultation sessions and the registration arrangements have been published on the LWB’s website (https://www.lwb.gov.hk/en/highlights/UNCRPD/index.html 
     “We shall summarise comments received during the consultation period and relay them to the relevant Government bureaux and departments for consideration in preparing the combined fourth and fifth UNCRPD reports,” the spokesman said.
 
     The proposed outline of the combined fourth and fifth reports under the UNCRPD is available on the LWB’s website (
https://www.lwb.gov.hk/en/highlights/UNCRPD/Publications/Public%20consultation%20paper_Eng.pdf 
     For enquiries, please contact the LWB by fax (2543 0486) or email (
uncrpd_consultation@lwb.gov.hkIssued at HKT 17:34

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CS congratulates exchange youths

Source: Hong Kong Information Services

Chief Secretary Chan Kwok-ki and Under Secretary for Home & Youth Affairs Clarence Leung were in Ruijin, Jiangxi today to attend a launch ceremony for the Long March exchange, which involves youths from Hong Kong and Macau.

Mr Chan stated that the Hong Kong Special Administrative Region Government has always attached great importance to patriotic education.

He said: “In particular, we actively encourage young people to participate in exchange activities on the Mainland to fully understand the country’s history, culture and latest achievements.

“The Long March holds great significance in the nation’s development history. We hope that young people can gain an in-depth understanding of its history, learn from its spirit of perseverance and solidarity, and grow into a new generation with an affection for the country and for Hong Kong that is equipped with global perspectives. They should seize the immense opportunities arising from our country’s new journey and proactively integrate into and contribute to the overall national development.”

In Ruijin, Mr Chan and Mr Leung also visited the Yeping Revolutionary Sites and the Central Revolutionary Base Area History Museum. These landmarks bear witness to the dedication and sacrifices of the country’s revolutionary forebears.

Mr Chan expressed a wish to strengthen co-operation with Jiangxi in the area of patriotic education and to arrange further exchange activities that allow young people from Hong Kong to visit historical sites, thereby strengthening their identification with Chinese culture and cultivating their sense of national identity.

About 120 youths from Hong Kong and Macau, along with Mainland youths, visited Ganzhou, Jiangxi, from May 8 to 11. They toured memorial museums and historical sites related to the Long March, and visited local research institutes, enterprises and heritage sites.

Mr Chan was due to depart for Hong Kong this afternoon.

President Lai and President Peña of Paraguay visit Southern Taiwan Science Park Bureau and NCHC Cloud Compute Center  

Source: Republic of China Taiwan

President Lai and President Peña of Paraguay visit Southern Taiwan Science Park Bureau and NCHC Cloud Compute Center  
On the morning of May 9, President Lai Ching-te, accompanied by President Santiago Peña Palacios of the Republic of Paraguay, visited the Southern Taiwan Science Park (STSP) Bureau of the National Science and Technology Council and National Center for High-performance Computing (NCHC) Cloud Compute Center in Tainan. In remarks, President Lai stated that Taiwan will share its experience in technological development, park governance, and industrial upgrading with Paraguay, making the deep friendship between the two countries an important force in driving prosperity in the lives of both peoples.
A translation of President Lai’s remarks follows:
Yesterday, I met with President Peña at the Presidential Office and mentioned that Taiwan would work hand in hand with Paraguay to engage with the world together. With today’s visit to the STSP, we are putting that promise into practice. 
The STSP is an important base for Taiwan’s technology industry and a key hub for the development of the semiconductor and AI industries. Taiwan will share its experience in technological development, park governance, and industrial upgrading with Paraguay, making the deep friendship between the two countries an important force in driving prosperity in the lives of our peoples.
As a former mayor of Tainan, I warmly welcome President Peña, government officials, and all distinguished guests to Tainan and wish them a fruitful and successful visit.
President Peña then delivered remarks, saying he is deeply honored to represent the Paraguayan delegation. He thanked the Taiwanese government for arranging the visit, providing the delegation with the opportunity to witness firsthand Taiwan’s achievements in high-tech and semiconductors. He said that forty years ago Taiwan sowed the seeds of technological development, which have now blossomed, making Taiwan a leading nation in the global high-tech and semiconductor industries.
President Peña stated that even though Taiwan and Paraguay are 19,000 kilometers apart and have different languages and cultures, the two countries share a common vision for development. He noted that Paraguay possesses abundant natural resources and significant capacity for production of raw materials. At the same time, he said, Paraguay understands that to achieve its goal of long-term national prosperity and development, it must establish a strong presence in academia, innovation, and the high-tech industry. Thus, he stated, Paraguay is actively promoting the development of its high-tech industries and aiming to become an important strategic partner for Taiwan. 
President Peña said that the visit is very inspiring and that it provides a deeper understanding of how Taiwan integrates the efforts of government, industry, and academia to jointly promote the development of high-tech industries. He further added that these experiences will be an important reference for Paraguay in formulating its own science and technology policies.
After remarks, President Lai and President Peña heard a briefing from the STSP Bureau. Accompanied by Tsai Hung-yin (蔡宏營), president of the National Institutes of Applied Research, they also heard a briefing by Chang Chau-lyan (張朝亮), director general of the NCHC, on Taiwan’s vision for the development of computing power. The visit also included a trip to the NCHC Cloud Compute Center.
Also in attendance were Paraguayan Minister of Foreign Affairs Rubén Ramírez Lezcano, Minister of Industry and Commerce Marco Riquelme, Chief of Staff of the Presidency Francisco Javier Giménez, and Ambassador Darío Filártiga Ruiz Díaz. 

Carbon Tax-Liable Companies Can Carry Forward Unutilised Carbon Credits Offset Quota For Emissions Year 2025

Source: Government of Singapore

JOINT NEWS RELEASE BETWEEN NEA AND MSE

11 May 2026 – Companies liable to pay carbon tax will be allowed to roll over any unutilised International Carbon Credit (ICC) offset quota from emissions year 2025 to emissions year 2026.

2          Under Singapore’s ICC Framework, companies can use eligible, high-quality ICCs to offset up to 5% of their taxable emissions each year. This provides carbon tax-liable companies with an alternative way to meet part of their carbon tax obligations, while supporting the development of high-integrity international carbon markets.

3          To date, the Government has signed 11 Implementation Agreements and launched application calls for carbon credit projects in Bhutan, Ghana, Peru, Rwanda, and Thailand. The calls were launched from late 2025 to early 2026. As carbon credit projects typically take a few years to generate credits, supply will take time to build up. Recent global developments — including a stronger industry focus on carbon credit integrity and evolving international carbon market rules — have also delayed the overall supply of eligible credits.

4          To address the lack of eligible ICCs available today, the Government will allow companies to carry forward their unutilised 5% offset quota from emissions year 2025 to emissions year 2026. This one-year rollover is intended as a transitional measure to give more time for international carbon markets under Article 6 of the Paris Agreement to mature, and for more ICCs to become available.

5          As the carbon tax rate will be raised to $45 per tonne in emissions year 2026, a credit conversion formula will be applied to adjust the 2025 offset amount to be carried over to 2026. Companies should note that ICC offset quota carried over from emissions year 2024 to emissions year 2025 will expire and cannot be carried forward further. Please refer to the Annex for more details on the emissions year 2025 roll over.

6          The Government remains committed to supporting the development of a high-quality international carbon market and will continue working with its Implementation Agreement partners to expand the pipeline of eligible credits. 

 

Annex_Roll over of Unutilised ICC Offset Quota for Emissions Year 2025

~~ End ~~

 

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HK to be health innovation hub: CE

Source: Hong Kong Information Services

Chief Executive John Lee

Good morning. It is a pleasure to join you, once again, for the opening of the Asia Summit on Global Health, the sixth edition.

You represent the full spectrum of the global health community. That includes medical professionals and government officials, also representatives of multinational pharmaceutical and health-tech enterprises, investors and entrepreneurs.

Your presence here in Hong Kong underscores a simple but powerful truth: in an age of complex health challenges, progress is powered by collaboration.

This summit makes collaboration easy, with more than 90 high-profile speakers from 15 countries and regions. They include Nobel Prize Laureate in Chemistry Prof Michael Levitt, who will speak at the Dialogue with Global Pioneer in Health session. And count on the latest medical developments and research, together with wide-ranging opportunities for networking and creative partnerships that make all the difference.

Your expertise and contributions are desperately needed. Today’s world grapples with profound health challenges, with new threats continually emerging. We also face the pressing realities of ageing populations. There is the silent crisis of antimicrobial resistance. And there are persistent inequities in healthcare access – both regional and global.

That makes the theme of this year’s summit, “Fuelling Healthcare Breakthroughs”, particularly relevant. The two-day programme highlights three key areas:

First, China opportunities in aligning with the 15th Five-Year Plan’s health priorities. This includes innovative drug access, modernisation of traditional Chinese medicine, silver health, and the outbound expansion of Chinese pharmaceutical companies.

Second, frontier technologies. The programme covers global healthcare trends, breakthroughs in artificial intelligence (AI) and digital health, medical robotics and devices, and gene and cell therapies.

Third, health innovation and investment trends. You will see pitching sessions for startups. You will also find deal-making sessions that connect projects with capital.

Clinical collaboration with the Mainland

Let me now outline how Hong Kong, under the “one country, two systems” principle, is investing in healthcare and, in doing so, investing in the future of our people and our economy.

Our status as a leading hub for scientific innovation is unrivalled in Asia. And our strengths are magnified by our core position in the Guangdong-Hong Kong-Macao Greater Bay Area. That is the cluster city development integrating 11 dynamic cities in southern China. It boasts a collective economy that rivals that of the world’s 10th-largest nation.

In pursuit of medical innovation, Hong Kong complements the strategies set out in the National 15th Five-Year Plan. The plan optimises an evaluation and approval mechanism for innovative drugs and supports their clinical application. The goal is to develop Hong Kong into a health and medical innovation hub.

Central to this ambition is the rapid expansion of our clinical trial capabilities, the vital engine that drives biomedical research and development (R&D) from the laboratory to the bedside.

That is anchored by the Greater Bay Area International Clinical Trial Institute. It is wholly government-owned and operated by the University of Hong Kong’s medical faculty. It is located in the Hetao Shenzhen-Hong Kong Science & Technology Innovation Co-operation Zone.

The institute operates alongside its Shenzhen counterpart under an integrated “one institute, one centre” model. Together, they draw on the Greater Bay Area’s combined population of more than 87 million, co-ordinating multi-centre, cross-boundary clinical trials. These trials meet both national and international standards.

By streamlining cross-boundary trials, the institute serves as a one-stop agency for medical R&D institutions worldwide. It accelerates the delivery of life-changing medical technologies to patients.

Last December, we launched the Greater Bay Area Clinical Trial Collaboration Platform. We also set up the Real-World Study & Application Centre. Both deepen our co-operation with Mainland partners.

The collaboration platform offers expert consultation on medicine, statistics, regulatory affairs and ethics. The application centre uses Hong Kong’s medical data advantages to generate real-world evidence. This supports drug and device registration in Hong Kong and on the Mainland.

Drug and medical device regulation

We are also enhancing our drug and medical device regulatory regime. Our “1+” mechanism for new drugs’ registration expedites patient access to life-saving therapies.

It allows new drugs to be registered in Hong Kong after approval from just one recognised reference authority – instead of the traditional two. Supporting local clinical data is required, of course.

This year is transformative for our regulatory landscape. In March, we began the phased implementation of “primary evaluation” for new drugs registration. That marks a milestone in our transition to a fully independent drug evaluation framework. We aim for full implementation by 2030.

I am also pleased to announce that the Hong Kong Centre for Medical Products Regulation will be established by year’s end. That will put Hong Kong on the map as a trusted hub for regulatory excellence.

Innovation research

InnoHK, our flagship innovation and technology initiative, was launched to develop Hong Kong into a global research collaboration hub. And to date, two InnoHK research clusters have collaborated with more than 30 world-renowned universities and research institutes from 12 economies.

They pool more than 3,000 researchers worldwide. Sixteen of the research centres focus on healthcare-related technologies – biomedicine, chemistry, engineering and AI.

We are also establishing the Life & Health Technology Research Institute. It will be located at the Hong Kong-Shenzhen Innovation and Technology Park, with three branches to be established by local universities. We expect to complete the preparatory work this year.

We are strengthening the bridge between laboratories and the market through the Research, Academic & Industry Sectors One-plus Scheme, with funding of HK$10 billion, which is US$1.3 billion, allowing money to channel more support to local university research teams. We are focused on those with good potential to become successful startups, commercialising their R&D outcomes.

Health tech downstream industry

Downstream industry is central to supporting a thriving life and health technology sector. That is why we have launched the New Industrialisation Acceleration Scheme, also with funding of HK$10 billion; that is US$1.3 billion.

It helps companies in life and health technology and other strategic fields to establish high-end smart production facilities in Hong Kong. To date, we have supported two enterprises focusing on pharmaceuticals and medical devices, with a total project cost of over US$120 million.

Another HK$10 billion, or US$1.3 billion, the Innovation & Technology Industry-Oriented Fund, will also be launched this year. It will encourage market capital to invest in five thematic areas, life and health technology among them.

We have long supported the University Grants Committee’s eight funded universities. They carry out academic research in wide-ranging disciplines, including health and medicine. In the 2025-26 academic year, more than 200 research projects in medicine and biology received government support. Total funding exceeded US$32 million.

We are also nurturing PhD and postdoctoral talent. Publicly funded research postgraduate places grew from about 5,600 to 7,200 in two years, up to 2024-25; the increase is 28%. Places under the Hong Kong PhD Fellowship Scheme also rose by a third.

Ladies and gentlemen, Hong Kong is committed to medical innovation. We have established vital infrastructure and productive policies. We have also created a dynamic network that turns research into tangible solutions.

True innovation requires deep collaboration and strategic partnerships that span the world and every sector of our industry. Through your interactions over the next two days, we may begin to unlock the next great breakthroughs in medicine and biotechnology.

Chief Executive John Lee gave these remarks at the Asia Summit on Global Health on May 11.

Job fair offers 2.7k openings

Source: Hong Kong Information Services

The Labour Department will hold an industry-based job fair titled “Embarking on a New Journey” at MacPherson Stadium in Mong Kok on May 12 and 13 featuring more than 2,700 vacancies.

Over 60 organisations will participate, with around 30 booths set up each day. The event will primarily focus on catering, retail, construction and hotel industries, which together account for more than 2,500 of the available openings.

A wide variety of positions are on offer, ranging from technical roles like duty engineer, electrician and safety supervisor to service-oriented jobs such as cook, guest services officer and shop supervisor.

Approximately 79% of the vacancies are full-time positions, with most offering monthly salaries between $13,000 to $24,000. About 95% of the roles require an education level of Secondary 7 or below, and 54% are open to those without relevant work experience.

Job seekers can submit applications and may be invited for on on-the-spot interviews. Department staff will also be able available at a dedicated counter to handle enquiries regarding employment services.

The fair will run from 11am to 5.30pm at 1/F, MacPherson Stadium, 38 Nelson Street. Admission is free, with the last entry at 5pm daily.

Director General David Cheng-Wei Wu and Mrs. Wu Attend Buddha Bathing Ceremony Hosted by Tzu Chi Australia

Source: Republic of China Taiwan

The annual Buddha Bathing Ceremony was held at Tzu Chi Sydney, coinciding this year with Mother’s Day and the 60th anniversary of Tzu Chi worldwide. Director General David Cheng-Wei Wu and Mrs. Wu, accompanied by Director May Chiang, attended the event together with community leaders and Tzu Chi volunteers, praying for peace, harmony, and well-being.
DG Wu noted that Tzu Chi has long promoted charity, medical care, education, and humanitarian values around the world, demonstrating compassion and the positive spirit of Taiwan through disaster relief and community service. He also commended Tzu Chi Sydney for its longstanding contributions to Australia’s multicultural society.
The event also carried a strong atmosphere of gratitude in celebration of Mother’s Day, honoring both maternal love and the dedication of Tzu Chi volunteers.

Ling Ao power plant event reported

Source: Hong Kong Information Services

The Security Bureau today said it was notified by Guangdong Province’s Nuclear Emergency Committee Office of an operational event at Ling Ao Nuclear Power Station, in which an isolation valve remained closed longer than required.

This incident did not affect the safety of the power station’s Unit 1, the health of the workers, the nearby public or the environment, the bureau added.

On May 7, Unit 1 was undergoing a planned overhaul for refuelling. During routine testing, station staff remotely closed one of the cooling water isolation valves of the standby equipment from the main control room to adjust the cooling water flow, and restored it to normal status on the same day.

Since the isolation valve remained closed for a duration exceeding the requirement of the technical specification, this event was classified as a Level 0 deviation on May 8 in accordance with the International Nuclear & Radiological Event Scale and relevant nuclear safety regulations. 

The bureau stressed that Unit 1 remained in a safe condition throughout the event, while the three safety barriers remained intact and there was no release of radioactive substances.

Aerial patrols enhance enforcement

Source: Hong Kong Information Services

In 2025, the Food & Environmental Hygiene Department (FEHD) cracked a case of illegal goat slaughtering. The premises involved were located in a remote rural area and concealed from view. Accordingly, a key factor in foiling the perpetrators was the use of aerial intelligence.

Officers used drones to capture footage, then cross-referenced this with aerial photographs taken by the Lands Department. This allowed them to identify suspicious locations.

The FEHD outlined that using drones to collect evidence reduces the need for manned patrols, boosts efforts to combat illegal slaughtering activities, illegal meat distribution centres and unlicensed food premises, and improves staff safety.

Expanded capabilities

Explaining the limitations of traditional methods, Food & Environmental Hygiene Department Senior Superintendent (Operations) Lo Chi-man remarked: “Relying solely on manpower-based patrols, plain-clothes operatives could only conduct surveillance in the vicinity of the target premises. Operatives also faced significant safety risks such as potential violence, aggressive dogs and structural hazards.”

After the introduction of drones, however, intelligence can now be gathered at high altitude, adopting a bird’s eye view. This allows operatives to clearly map entry or exit points, personnel distribution, suspicious vehicle locations and escape routes in advance.

Smart inspections

Beyond intelligence gathering, the FEHD has been working with the Electrical & Mechanical Services Department since 2025 to study the feasibility of using drones to support street cleanliness inspections.

Under planned trials, drones will conduct automated aerial patrols along pre-set routes in order to detect accumulated rubbish, overflowing litter bins and damaged refuse collection facilities. The captured images will then be analysed using artificial intelligence, enabling the FEHD to arrange timely follow-up actions.

Food & Environmental Hygiene Department Senior Superintendent (Innovation & Technology) Kuan Man-hou highlighted that street cleaning inspections largely depend on frontline staff making in-person site visits. Officers are required to carry out visual checks and take photos to record conditions. However, some locations are remote and transport can be inconvenient, so the trips are often time-consuming.

With the automated inspection system, however, the FEHD will be able to analyse street cleanliness more quickly and accurately, enabling more effective deployment of manpower and resources.

Drone docking stations are expected to be installed on top of public toilets managed by the FEHD, serving as bases for take-off, landing and charging. The team revealed that flight tests for the project will commence soon.

Phased trials

Electrical & Mechanical Services Department Senior Engineer (Drones, Robotics & Automation) Vanessa Yau said her team is applying to the Civil Aviation Department for operational approvals.

”The trials will be conducted in two main stages. In the first stage, flights under visual line of sight and extended visual line of sight will be tested. Once stable performance is achieved, beyond-visual-line-of-sight operations will be tested for fully automated aerial patrols.”