Category: MIL-OSI

Distinctive arts on offer at LCSD parks (with photo) 
     The 27th phase of the Arts Fun Fair at Kowloon Park runs from June 1 until May 31 next year, and will be open from 1pm to 7pm on Sundays and public holidays at the park’s Loggia. There will be 13 stalls displaying and selling craftworks including floral artworks and ornaments, as well as art services including painting and calligraphy.
 
     The Arts Fun Fair aims at enhancing public interest in the arts and enriching the arts atmosphere in Hong Kong. It will also make the park more appealing and enjoyable for park visitors, a spokesman for the LCSD said.
 
     “The Arts Fun Fair at Kowloon Park has been well received by the general public. In addition to the fair, other specialised facilities in the park, such as the Sculpture Walk, the Water Garden and the Maze Garden, also win the hearts of visitors enjoying fun-filled weekends,” the spokesman said.
 
     In addition to the fun fair at Kowloon Park, the Arts Corner at Hong Kong Park has also commenced.
 
     The 25th phase of the Hong Kong Park’s Arts Corner 
     For enquiries, please call 2724 3344 (Kowloon Park) or 2521 5041 (Hong Kong Park).
Issued at HKT 13:00

Private Columbaria (Amendment) Ordinance 2025 comes into force 
With a pragmatic and sympathetic approach, the Government introduced the Private Columbaria Ordinance (Cap. 630) in 2017 to establish a licensing regime for the regulation of private columbaria, including new operators and “pre-cut-off columbaria” (i.e. those that were in operation and had ashes interred in them before the announcement of the proposal to establish a licensing regime at 8am on June 18, 2014), and progressively rectified violations of requirements from the operation of private columbaria in the past.
 
One of the primary purposes of the Amendment Ordinance is to provide “pre-cut-off columbaria” an additional option to make new applications for exemption. “Pre-cut-off columbaria” that successfully obtain an exemption through the new application can retain niches they sold before the enactment of the Ordinance. It enables them to continue operating at their current scale, avoids social disruption from large-scale ash disposal, and at the same time, minimises their impact on the neighbourhood.
 
A spokesperson for the Environment and Ecology Bureau said, “The Private Columbaria Licensing Board will specify the time limit for making new applications for exemption by ‘pre-cut-off columbaria’. The Private Columbaria Affairs Office of the Food and Environmental Hygiene Department (FEHD) will, through case managers, individually notify relevant ‘pre-cut-off columbaria’ and provide them with targeted assistance to enable them to make appropriate decisions as to the way forward for their operations.”
 
To strengthen the protection of consumers’ interests and foster the public’s confidence in the operation of private columbaria in compliance with requirements, the Amendment Ordinance enhances enforcement-related provisions for greater deterrent effect. It includes the introduction of new offences prohibiting the sale of niches not covered in the approved plans or sale of interment rights exceeding the approved ash interment capacity (i.e. “overselling niches”), or keeping ashes other than in niches covered in the approved plans (i.e. “over-placing ashes”). Relevant penalties have also been increased.
 
Additionally, the Amendment Ordinance enhances the operation of the Private Columbaria Appeal Board, requiring the Appeal Board to only receive and consider new materials not previously provided to the Licensing Board upon special grounds being shown. It ensures the adoption of a consistent standard by appeal panels and makes the arrangement clearer to members of the Appeal Board and appellants. The Appeal Board has updated its Rules on Practice and Procedure. The Amendment Ordinance also clearly stipulates the arrangement for eligible masons’ workshops that meet certain conditions to keep ashes temporarily for operational reasons, and the industry has been notified.
 
Members of the public and the trade may visit the dedicated website “Regulation of Private Columbaria” of the FEHD (www.fehd.gov.hk/rpc/Issued at HKT 10:00

Government to further reduce emission allowances of power plants 
     The Tenth TM, which is issued under the Air Pollution Control Ordinance (the Ordinance), reduces the annual emission allowances of sulphur dioxide (SO2), nitrogen oxides (NOx) and respirable suspended particulates (RSPs) from the electricity sector from 2030 onwards at 2 302 tonnes, 8 350 tonnes and 317 tonnes respectively. This represents further tightening by 19 per cent, 25 per cent and 14 per cent respectively when compared with the emission allowances for the electricity sector for 2026 set under the Ninth TM.
 
     A spokesperson for the Environment and Ecology Bureau (EEB) said, “In setting the new emission allowances, we have taken into account factors such as local electricity demand, the gas-fired electricity generation of the two power companies (including the progress of constructing new gas-fired units for replacement of coal-fired units), the emission performance of existing generating units, the estimated import of nuclear power and clean energy, and the projected electricity intake from renewable energy sources. The Government has also been requiring the two power companies to adopt the best practicable means in their plants’ design and operational management to minimise emissions of air pollutants.”
　　  
     The Hongkong Electric Company Limited is building a new gas-fired generating unit for operation in 2029, while an existing coal-fired generating unit will be decommissioned correspondingly by then. As for CLP Power Hong Kong Limited (CLP), driven by major infrastructure developments (such as the Northern Metropolis), the electricity demand in 2030-2031 is forecasted to be about 9 per cent higher than the forecast made in the Ninth TM. CLP plans to increase the output of its existing gas-fired generating units to meet the additional electricity demand, and will import more zero-carbon energy from the Mainland. These measures can further reduce the two power companies’ reliance on coal-fired power generation, thereby reducing pollutant emissions.

　　The spokesperson added, “Hong Kong’s air quality has been improving continuously in recent years. The ambient concentrations of SO2, nitrogen dioxide and RSPs recorded in 2024 had been reduced by 45 per cent to 88 per cent when compared with that in 2004. The number of hours of reduced visibility observed had also been greatly reduced by 82 per cent from its peak in 2004. The significant improvement is also attributable to the Government’s efforts in implementing measures to reduce air pollutant emissions from power plants. As emissions from the electricity sector accounted for 61 per cent, 27 per cent and 13 per cent of the territory-wide emissions of SO2, NOx and RSPs respectively in 2022, the tightened emission allowances for power plants will help further improve the air quality in Hong Kong and the PRD region.　　 
　　The Tenth TM will be tabled at the Legislative Council on June 4 for commencement by the end of 2025. In accordance with the Ordinance, the new set of emission allowances will come into effect on January 1, 2030.
Issued at HKT 11:30

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Framework agreement on co-operation in Mirs Bay pilotage between Hong Kong and Shenzhen renewed 
     The purpose of the framework agreement is to enhance the navigational safety of vessels in the waters of Mirs Bay and to improve the efficiency of vessels calling at the Shenzhen East Port Area. The framework agreement specifies the scope of pilotage services for vessels, pilot deployment, charging arrangements, pilot management and entry/exit arrangements. According to the framework agreement, vessels that are required to be under compulsory pilotage as stipulated in the laws of both Hong Kong and Shenzhen will be piloted by a single Hong Kong or Shenzhen qualified pilot throughout the entire voyage to or from the Shenzhen East Port Area through Mirs Bay, and the service will be charged once. Compared with the previous requirement for vessels to be guided by pilots from Hong Kong and Shenzhen in separate segments, the pilotage co-operation arrangement effectively reduces operating costs of shipping and port entities, and improves the efficiency and safety of pilotage operations.
 
     A spokesperson for the MD said, “Since the initial signing of the framework agreement in 2022, the pilotage co-operation in Mirs Bay between Hong Kong and Shenzhen has been smooth and efficient, and well-received by the trade. Therefore, we welcome the renewal of the framework agreement with Shenzhen in order to continue to provide convenience for the trade in marine transportation, deepen co-operation between Hong Kong and Shenzhen in pilotage services, as well as foster the high-quality development of ports in the Guangdong-Hong Kong-Macao Greater Bay Area.”
Issued at HKT 14:00

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Speech by CE at Signing Ceremony of the Convention on the Establishment of the International Organization for Mediation 
Honourable Minister Wang Yi (Member of the Political Bureau of the CPC Central Committee and Minister of Foreign Affairs), Your Excellencies, ministers and officials from around the world, honourable representatives of international organisations, distinguished guests, ladies and gentlemen,
 
Good morning. I am delighted to join you on this historic occasion: to celebrate with you the signing of the Convention on the Establishment of the International Organization for Mediation.
 
Gathered here today, in the Hong Kong Special Administrative Region of the People’s Republic of China, are high-level representatives of over 80 countries from Asia, Africa, Latin America and Europe; and from the United Nations and about 20 international organisations. A very warm welcome to Hong Kong!
 
It is a privilege for us to host this signing ceremony, and to serve as the IOMed headquarters, once the Convention enters into force.
 
This singular occasion is made possible by the ongoing and dedicated efforts of China, our country, in working with around 20 states, since late 2022, to establish an intergovernmental organisation devoted to mediation. After five rounds of intensive negotiation since 2023, co-ordinated by the IOMed Preparatory Office, the negotiating states concluded the very Convention signed today.
 
The IOMed will become the world’s first intergovernmental international legal organisation dedicated to resolving international disputes through mediation. It also reflects our shared confidence in mediation as a peaceful means to maintain international peace and security, as stipulated in the Charter of the United Nations.
 
The IOMed will provide a pathway for countries – regardless of culture, language and legal system – to resolve international disputes based on mutual respect and understanding. This is increasingly important amid mounting geopolitical tensions. When protectionism threatens to derail the international trade order, and when unilateralism looms over global supply chains, it is dialogue – not division – that restores balance.
 
China has long championed equity and unity. The Chinese virtue of “和而不同”, meaning “harmony in diversity”, is deeply rooted in our community and culture. This value of mutual respect in spite of differences also sits at the heart of mediation, the IOMed, and a world that seeks co-operation over conflict.
 
Despite geopolitical turbulence, Hong Kong builds bridges, not walls. Under our unique “one country, two systems” principle, Hong Kong is the only world city that enjoys both the China advantage and the global advantage. With the support of the National 14th Five-Year Plan, Hong Kong has risen as an international legal and dispute resolution services centre in the Asia-Pacific region.
 
We are the only common law jurisdiction in China, and the only jurisdiction in the world with a bilingual common law system in both Chinese and English. We have a long tradition of the rule of law, and our courts exercise their judicial power independently. Hong Kong’s Court of Final Appeal, which is vested with the power of final adjudication, has on its bench eminent jurists from both Hong Kong and overseas common law jurisdictions.
 
Our robust, efficient and well-respected legal system is supported by world-class legal and dispute resolution professionals. Often bilingual or even multilingual, they are well-versed in international rules and practices, and help to position Hong Kong as a preferred venue for dispute resolution.
 
In this year’s International Arbitration Survey, Hong Kong is the most preferred seat of arbitration in the Asia-Pacific region, and shares second place globally with another jurisdiction. Our economy also came first in “business legislation” and “international trade” in the World Competitiveness Yearbook. In the latest Business Ready Report published by the World Bank Group, Hong Kong ranks eighth in “dispute resolution” among the 50 economies covered.
 
All this underscores Hong Kong’s effectiveness as a “super connector” and “super value-adder” among many economies. We contribute to cross-border investment and economic activity through our top-notch professional services. Our “one country, two systems” advantages make us well-placed to be the headquarters of the important institution of the IOMed.
 
The Hong Kong Special Administrative Region Government is devoted to supporting the IOMed’s provision of friendly, flexible, economical and efficient mediation services. We actively promote a vibrant culture of mediation. In fact, it is a general policy to incorporate a mediation clause in all government contracts. We are also enhancing the system on local accreditation and disciplinary matters of the mediation profession.
 
And we go all out to build bridges with the world. Hong Kong will actively promote the IOMed’s valuable work in settling international disputes through mediation, and advocate mediation as a global tool for peace and justice across borders.
 
Ladies and gentlemen, the establishment of the IOMed’s headquarters in Hong Kong is a great honour for our city. The headquarters, as you may know, will be based in the building that once housed the Wan Chai Police Station, just a stone’s throw away from here. Built in 1932, this iconic building has a long association with law and order in Hong Kong. From its prime downtown location, it has also witnessed the transformation of our city that has long treasured unity. In its new role as the IOMed headquarters, the building will play a vital part in the future of Hong Kong as a centre for international legal and dispute resolution services.
 
We are working to complete the conversion of the building for its new mission. I’m happy to say that it could open its doors as early as the end of this year. We look forward not only to welcoming its new occupants, but also to supporting them in building new bridges for a more connected, peaceful and prosperous future through mediation.
 
I would like to express my sincere gratitude to the Central Government for its staunch support of Hong Kong, allowing Hong Kong the honour of housing the IOMed headquarters here. My sincere gratitude also goes to the international community, for placing your trust and confidence in our city. Let’s renew our commitment to peace, justice and the rule of law. Let’s cultivate a mediation culture together. Let’s build a strong IOMed for a global community of shared future founded on peace and prosperity. Please enjoy the day and enjoy Hong Kong. Thank you.
Issued at HKT 11:50

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Japanese medical and life science companies join business mission to understand Hong Kong’s investment environment and explore business opportunities  
     This is the fourth sector-specific business mission organised by InvestHK and the Hong Kong Economic and Trade Office (Tokyo) in recent years, following the last innovation and technology mission in May 2024, and two food and beverage missions, which were held in February 2025 and April 2023 respectively.
 
     Tying in with the Hong Kong Trade Development Council’s Asia Summit on Global Health and the Hong Kong International Medical and Healthcare Fair 2025, on May 26 and 27, the delegation attended a series of visits, themed seminars, networking sessions, as well as business matching meetings with potential investors, investees and business partners.
 
     At the welcome dinner held on May 26, the Director-General of Investment Promotion, Ms Alpha Lau, said, “With the highest life expectancy in the world, Hong Kong has proven itself as a hub of healthcare excellence and technological innovation. Home to two of the world’s top 30 medical schools, a first-class research talent pool, and globally recognised clinical trial data, our city is a powerhouse for biotech advancement.”
 
     On May 27, the delegates visited the Hong Kong Science and Technology Parks Corporation (HKSTP) to attend a briefing session on the business environment and opportunities available in Hong Kong, followed by a tour of the HKSTP’s Japanese tenants’ lab and other facilities. The delegates then attended a networking dinner organised by InvestHK.
Issued at HKT 14:45

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SFST’s speech at “Hong Kong Night” business networking reception and seminar in Vancouver, Canada (English only) (with photo) 
Distinguished guests, industry leaders and innovators, friends in Canada and from around the world,
 
Good evening, everyone. Thanks for having me today for this very special occasion, called “Hong Kong Night”. I must say I always wonder why we have “Hong Kong night” in broad daylight. I suppose it could be a distinctive feature of this city which everybody loves. Just now, our colleague from Cathay Pacific mentioned to me that there will be a draw right after for tickets so I’m sure that explains why you are all here.
 
Let me give you some flavour in terms of how Hong Kong has been faring, and also at the same time some talking points that you may want to share after this session. I want to give you an overview in terms of how Hong Kong has done so far in financial services under my portfolio, and also in particular the reason why I’m here in Vancouver because this is my last stop, after Toronto and also Ottawa. Through this visit, I had the opportunity to see many people at the government, regulators and also financial institutions. What I am impressed most is that it’s really a place where people are looking for a change. You already have a new government. At the same time, you are looking for ways to diversify, in terms of your economy, and also in terms of financial activities. So I think Hong Kong comes at the right time, where it’s a very viable option, either you are a corporate, an individual, or even an investor, to consider that in the context of diversification.
 
Before I further proceed, maybe first of all, let me give you an overview of how Hong Kong’s been faring so far. I’ve been asked a lot in terms of the impact of tariffs on Hong Kong. I understand that there will be a fireside chat by Rocky (the Director and Head of Policy Research of the Financial Services Development Council, Dr Rocky Tung) later on, and I’ll leave that to the experts. But that said, Hong Kong being a service economy, I must say we don’t have much to export. At the same time, we are a free economy as stipulated in our Basic Law. So far so good in terms of our resilience, I would say, in the broader context of geopolitical change.
 
More specifically, in our capital market, recently we do see an upsurge in our stock market. Right now, our average daily turnover is exceeding US$32 billion, and also we’ve welcomed a number of key mega IPOs (initial public offerings), like the recent one is CATL (Contemporary Amperex Technology Co Limited). It’s a major or global battery manufacturer for EVs (electric vehicles), and they just got listed at the same time, offering a shares equivalent to the size of around HK$41 billion. And funny enough, when you look at the composition of the investors, we have those from the US. At the same time, we also have investors from the Middle East, where the Kuwait Sovereign Wealth Fund, what we call the KIA, Kuwait Investment Authority, actually put in US$500 million in that offer. So you can see that despite all the talk about the deglobalisation or decoupling, finance, in particular, capital formation takes place, and also monies after returns.
 
Of course, that is not alone in terms of what we are welcoming. We also welcome Canadian companies to list in Hong Kong as well. Right now, we have around six Canadian companies already listed in Hong Kong, like Manulife and also some of the mining and oil and gas companies. I do very much welcome many more listings, especially from this part of the world, where it could be tech, could be mining, or for other types of new economic activities.
 
The second part I want to highlight, apart from how Hong Kong has been faring, is in terms of my observations so far this year, so far in my visit. Apart from the general ones that I just highlighted, I do see a number of areas that Hong Kong and Canada can work together. First of all, wealth management, because I got the chance to see and meet a number of insurance companies and banks from this part of the world. In fact, many of them are heavily invested and also have a strong presence in Hong Kong, like Manulife, which takes up 27 per cent of our Mandatory Provident Fund, a pension service system in Hong Kong. And also Sun Life, which is in collaboration with Dah Sing Bank in Hong Kong through the bank insurance businesses. Also we have CIBC (Canadian Imperial Bank of Commerce) and others that already have a strong presence in corporate banking in Hong Kong.
 
Many people see wealth management as an emerging trend, an area where we should work together. Because in the way that we see the world, like all of you, people are looking for ways to diversify. Many of the traditional markets where people want to park their wealth in the Anglo-Saxon world, people are still changing their minds in terms of whether they should diversify through geography or through products. In either way, Hong Kong is an option, because we have been the largest offshore cross-boundary wealth management centre so far in Asia, and we are looking to be the biggest one in the world. It is an area that we are very keen to develop further. Right now, we have 2 700 single family offices. We are going to have facilitated at least 200 more family offices by the end of this year. Also, we are going to have more tax concessions for family offices to cover private credit, carbon credit, and virtual assets. I will leave these details to our Invest Hong Kong colleagues. They will have all the details. All I want to say is wealth management, in particular in terms of family offices and high-net-worth individuals, is an area that I think Hong Kong can walk closely together with this country.
 
The second area that I think is important to note in terms of collaboration is about what the host mentioned just now – the Web Summit Vancouver. The reason that I’m here is because we just passed a law to regulate stablecoin issues in Hong Kong. It is a big topic, not just in Hong Kong, but regionally, because many people see virtual assets as speculative. But that said, stablecoins being underpinned by fiat currency is a different animal, which potentially can be used in the form of payment. At a time when the US dollar or US-related assets are being questioned, I think many of the alternatives, also at the same time, in the form of stablecoins, have that role to play.
 
In that regard, I have more to share in terms of our ecosystem effort to build an ecosystem in Hong Kong for our virtual assets. We have already 10 virtual asset exchanges, and also at the same time, we are going to issue licenses for stablecoin issuers. And very soon, we will also regulate these virtual asset custodians. For anyone of you who are participating, in this space, I do urge you to look at what Hong Kong has done and also at the same time how you can leverage the opportunities for your own development.
 
Last but not least, in terms of what I want to inform this group is having debriefed all of you about what Hong Kong has done in terms of wealth management and virtual assets and also fintech in general, I’m sure that you do see a lot of need to come to Hong Kong. So even though you may not be able to get those free tickets, I’m sure you’re all rich enough to buy your own and also give yourself a reason to come to Hong Kong soon. And anytime, anywhere, you’re most welcome. Thank you.
Issued at HKT 16:49

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Appointments to Advisory Committee on Agriculture and FisheriesMr Anthony Lam Sai-hoMs Cheuk Fung-ting
Ms Katie Chick Hiu-lai
Mr Chu Kam-ming
Mr Chung Ka-yau
Mr Fung Kin-chung
Ms Tendy Lam Pui-tung
Mr John Lau Hon-kit
Ms Lau Kam-fung
Dr Lau Kin-wai
Mr Noah Law Yiu-wing
Ms Lee Man-sa
Mr Leung Ming-kin
Mr Ling Man-sum
Mr James Ling Wai-hon
Ms Merlinda Ng Man-ling
Mr Poon Cheuk-man
Dr Yan Wa-tat
Professor Yen Hui-ling
Legislative Council Member representing the Agriculture and Fisheries Constituency (Ex-officio Member)
Representative of the Environment and Ecology Bureau
Representative of the Agriculture, Fisheries and Conservation Department
Issued at HKT 15:45

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