The Lands Department (LandsD) today posted a third batch of notices for the resumption of 18 private lots, comprising a total area of about 19,200 sq m, for the second phase of development at the Hung Shui Kiu/Ha Tsuen New Development Area (NDA).
The 18 private lots to be resumed include part of the sites previously opened for in-situ land exchange application but eventually did not receive any application, and a site with unsuccessful completion of in-situ land exchange application as the application was deemed withdrawn. The land concerned has to be resumed to allow the Government to carry out works.
The private lots will revert to the Government on August 9 and it will release ex-gratia land compensation to the relevant land owners following the land reversion.
The Government estimates that the affected households and business undertakings will have to move out as early as December this year.
The LandsD is handling the compensation and rehousing matters of the affected people and will try to arrange rehousing for or release compensation to eligible people before the departure deadline.
The department and its appointed Community Liaison Service Team will maintain communication with the affected households and business undertakings, and provide updated information as necessary.
About 176 hectares and 17.7 hectares of land, announced in the first two batches of resumption notices for the second phase development of the NDA reverted to the Government on August 31 and December 20, 2024.
The land is gradually being handed over to the Civil Engineering & Development Department for site formation and engineering infrastructure works.
Upon full development, the NDA will provide about 66,700 additional housing units, accommodating a new population of about 184,000 and create about 150,000 job opportunities.
The 6G Global Summit opened in Hong Kong today, marking the first time for the summit to be held in the Asia-Pacific region.
The two-day summit is being hosted by the Communications Authority and has attracted hundreds of representatives of regulatory bodies, telecommunications operators and corporations from more than 80 countries to explore the potential of sixth-generation (6G) mobile communications technology in shaping the future.
In his keynote speech, Secretary for Commerce & Economic Development Algernon Yau said that Hong Kong is uniquely positioned to play a leading role in 6G development, with the Government committed to fostering a conducive environment for technological advancement and preparing for the 6G era.
He noted that major mobile network operators in the city have actively commenced testing and successfully validating the 5G-Advanced network in various applications such as large-scale drone shows, world class sports events and more.
As regards the Government’s efforts in the relevant areas, Mr Yau said: “We are also proactively exploring further facilitation measures from a telecommunications perspective to support the development of a low-altitude economy.”
He also pointed out that the Government is conducting a study to streamline relevant licensing procedures for Low Earth Orbit satellites.
For his part, Director-General of Communications Chaucer Leung noted at the summit’s opening ceremony that Hong Kong is the first economy in the world to have auctioned a radio spectrum in the upper six gigahertz band.
The spectrum is suitable for the provision of 5G services now and 6G services in the future, he said, adding that the first set of technical standards for 6G is expected to be finalised in 2029 so that a commercial service can be introduced in the following year.
The summit features discussions on 6G developments, including standardisation, technological innovations, sustainability and potential applications as well as the strategic role of the Asia-Pacific region and the opportunities presented by a more connected and intelligent global network.
First held in 2022, this is the summit’s fourth edition. The previous two editions were held in Bahrain in 2023 and the UK in 2024.
The Chief Executive has approved the reappointment of Carlson Tong as Chairman of the Hong Kong Exchanges & Clearing Limited (HKEX) with immediate effect.
Mr Tong was re-elected HKEX Chairman by the directors at the board meeting on April 30. The Chief Executive granted approval under the Securities & Futures Ordinance.
Financial Secretary Paul Chan said under the leadership of Mr Tong, HKEX took forward various reforms, including enhancing the listing vetting process, implementing the specialist technology listing channel, establishing the Technology Enterprises Channel, and launching the trading arrangement under severe weather.
Mr Chan also expressed confidence that with Mr Tong’s leadership, HKEX will continuously strive to enhance the competitiveness of Hong Kong’s capital market and consolidate the city’s status as a global leading international financial centre.
Mr Tong’s chairmanship will coincide with his term of appointment as an HKEX board member, due to conclude at the end of the 2027 HKEX annual general meeting.
Source: Hong Kong Government special administrative region
Tender for re-opening of 15-year HKD HKSAR Institutional Government Bonds to be held on May 14 An additional amount of HK$0.5 billion of the outstanding 15-year Bonds (issue no. 15GB3912001) will be on offer. The Bonds will mature on December 5, 2039 and will carry interest at the rate of 3.75 per cent per annum payable semi-annually in arrear. The Indicative Pricings of the Bonds on May 8, 2025 are 104.23 with an annualised yield of 3.409 per cent.
Issue Number9.30am to 10.30amThe accrued interest to be paid by successful bidders on the issue date (May 15, 2025) for the tender amount is 827.05 per minimum denomination of HK$50,000. (The accrued interest to be paid for tender amount exceeding HK$50,000 may not be exactly equal to the figures calculated from the accrued interest per minimum denomination of HK$50,000 due to rounding). the Stock Exchange of Hong Kong LimitedIssued at HKT 18:50
Source: Hong Kong Government special administrative region
The following is issued on behalf of the Hong Kong Monetary Authority:
​The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced today (May 8) that a tender of 1-year HONIA-indexed Floating Rate Notes (Notes) under the Infrastructure Bond Programme will be held on Wednesday, May 14, 2025, for settlement on Thursday, May 15, 2025.
A total of HK$1.5 billion 1-year HKD Notes will be tendered. The Notes will mature on May 15, 2026 and will carry interest indexed to the Hong Kong Dollar Overnight Index Average (HONIA), payable quarterly in arrear.
Tender is open only to Primary Dealers appointed under the Infrastructure Bond Programme. Anyone wishing to apply for the Notes on offer can do so through any of the Primary Dealers on the latest published list, which can be obtained from the Hong Kong Government Bonds website at www.hkgb.gov.hk. Each tender must be for an amount of HK$50,000 or integral multiples thereof.
Tender results will be published on the HKMA’s website, the Hong Kong Government Bonds website, Bloomberg (GBHK ) and Refinitiv (IBPGSBPINDEX). The publication time is expected to be no later than 3pm on the tender day.
HKSAR Institutional Government Bonds tender information
Tender information of 1-year HONIA-indexed Floating Rate Notes:
Issue Number
:
01GH2605001
Stock Code
:
4292 (HKGB FRN 2605)
Tender Date and Time
:
Wednesday, May 14, 2025
9.30am to 10.30am
Issue and Settlement Date
:
Thursday, May 15, 2025
Amount on Offer
:
HK$1.5 billion
Issue Price
:
At par
Maturity
:
1 year
Maturity Date
:
Friday, May 15, 2026
Interest Rate
:
Indexed to the sum of the annualised compounded average of daily HONIA in each interest period and the highest accepted spread at tender, subject to a minimum of 0 per cent per interest period. Details on calculation of interest rate are available at the Institutional Issuances Information Memorandum of the Infrastructure Bond Programme and Government Sustainable Bond Programme (Information Memorandum) published on the Hong Kong Government Bonds website.
Interest Period End Dates
:
August 15, 2025
November 17, 2025
February 16, 2026
May 15, 2026
Interest Payment Dates
:
August 19, 2025
November 19, 2025
February 18, 2026
May 19, 2026
Method of Tender
:
Competitive tender
Tender Amount
:
Each competitive tender must be for an amount of HK$50,000 or integral multiples thereof. Any tender applications for the Notes must be submitted through a Primary Dealer on the latest published list.
Other Details
:
Please see the Information Memorandum available on the Hong Kong Government Bonds website or approach Primary Dealers.
Expected commencement date of dealing on
the Stock Exchange
of Hong Kong Limited
:
Friday, May 16, 2025
Use of Proceeds
:
The Notes will be issued under the institutional part of the Infrastructure Bond Programme. Proceeds will be invested in infrastructure projects in accordance with the Infrastructure Bond Framework published on the Hong Kong Government Bonds website.
The Cabinet Committee on Economic Affairs (CCEA) in the meeting held on 07.05.2025, chaired by the Prime Minister Shri Narendra Modi, has accorded its approval for the Revised SHAKTI (Scheme for Harnessing and Allocating Koyala Transparently in India) Policy for Coal Allocation to Power Sector. The Revised SHAKTI Policy adds to the series of coal sector reforms being undertaken by the Government.
With the introduction of SHAKTI Policy in 2017, there was a paradigm shift of coal allocation mechanism from a nomination-based regime to a more transparent way of allocation of coal linkages through auction / tariff-based bidding. Now, the multiple paras of the SHAKTI Policy, for coal linkage, have been mapped to only two Windows in the Revised SHAKTI Policy, aligning with the spirit of ease of doing business, encouraging competition, efficiency, better use of capacity, seamless pit head thermal capacity addition and affordable power to the country.
The current revision with innovative features will further enhance the scope and impact of the SHAKTI policy and support the power sector through
Greater flexibility
Wider eligibility and
Better accessibility to coal
The new policy will ensure coal linkage to all power producers leading to generation of more power, cheaper tariffs and an overall positive impact on the economy, thereby leading to increased employment generation potential. The reliable and affordable power supply to various sectors would catalyze economic activities and support the Atmanirbhar Bharat Initiative. The increased availability of domestic coal, in a simplified manner would also facilitate the revival of remaining stressed power assets. The linkage coal can now be used for generating power from Un-requisitioned Surplus (URS) capacity, for sale in power markets, which will not only deepen power markets by increasing availability of power in power exchanges but will also ensure optimum utilization of generating stations.
Further, the new linkages offered to the power sector would increase the coal availability for the power sector and increase the mining activities in the coal bearing regions resulting in generation of higher revenue to the State Governments which can be utilized for development of these regions and local population in general. The policy would encourage pit head thermal capacity addition and facilitate imported coal substitution in the Imported Coal Based (ICB) plants that can secure domestic coal thereby reducing their import coal dependency.
Following are the provisions of the Revised SHAKTI Policy.
For grant of fresh coal linkages to Thermal Power Plants of Central Sector/State Sector/ Independent Power Producers (IPPs), following two windows have been approved under the Revised SHAKTI policy:
Coal Linkage to Central Gencos/States at Notified price: Window–I
Coal Linkage to all Gencos at a Premium above Notified price: Window–II
Window-I (coal at notified price):
Existing mechanism for grant of coal linkage to Central Sector Thermal Power Projects (TPPs) including Joint Ventures (JVs) & their subsidiaries would continue.
Coal linkages to be earmarked to States and to an agency authorized by group of States as per existing mechanism, on the recommendation of Ministry of Power. Coal linkage earmarked to States may be utilized by States in its own Genco, IPPs to be identified through TBCB or existing IPPs having PPA under Section 62 of the Electricity Act, 2003 for setting up of a new expansion unit having PPA under Section 62.
Window-II (premium over notified price):
Any domestic coal-based power producer having PPAor untied and also Imported coal-based power plants (if they so require) can secure coal on auction basis for a period upto 12 months or for the period of more than 12 months upto 25 years by paying premium above the notified price and providing the power plants the flexibility to sell the electricity as per their choice.
This Revised SHAKTI Policy would maximize domestic coal utilization, ensure seamless thermal capacity addition, reduce dependence for coal on global markets, reinforce nation’s energy independence aligning with Government’s push for Energy Security for All.
Source: Hong Kong Government special administrative region
Hong Kong hosts first 6G Global Summit in Asia-Pacific region to explore future of next-generation communications With the support of the Hong Kong Special Administrative Region Government, the Communications Authority (CA), which is the statutory regulator for the telecommunications industry, is hosting the Summit in a hybrid format today and tomorrow (May 9). The prominent international conference attracted over 600 participants from more than 80 countries, including high-level representatives from policymakers, regulatory bodies, international organisations, telecommunications operators and corporations, as well as industry experts and scholars.
In his keynote speech at the Summit, the Secretary for Commerce and Economic Development, Mr Algernon Yau, said that Hong Kong’s hosting of the Summit not only reflects the city’s long-standing stature as a global and regional telecommunications hub, but also underscores the Government’s commitment to driving innovation and fostering collaboration in this transformative field.
Mr Yau highlighted Hong Kong’s highly acclaimed position in leading the development of 6G, with the city’s telecommunications market being one of the most advanced and dynamic in the world and having a proven track record of embracing innovation and driving connectivity. He also shared with the audience Hong Kong’s various achievements in telecommunications, which showcase the city’s readiness to embrace the future of telecommunications.
Mr Yau stressed that the Government is fully committed to fostering a conducive environment that drives technological advancement and prepares Hong Kong for the 6G era. These include releasing suitable spectrum through auctions to support the development of advanced mobile communication services, exploring further facilitation measures from telecommunications perspectives to support the development of the low-altitude economy, and conducting a review on streamlining the licensing procedures of Low Earth Orbit satellites to enhance Hong Kong’s competitiveness in satellite development.
Addressing the opening ceremony this morning, the Director-General of Communications, Mr Chaucer Leung, said that the first set of technical standards for 6G is expected to be finalised in 2029 so that commercial service can be introduced in 2030, adding that the Summit serves as an opportunity for the participants to delve into various key aspects of 6G and have better preparation for it.
Delivering his keynote speech in the afternoon session, the Chairman of the CA, Mr Jenkin Suen, outlined the roles and functions of the CA, and emphasised Hong Kong’s unique role as the gateway between Mainland China and the rest of the world. “Being a telecommunications hub in the Asia-Pacific region and a gateway to Mainland China, Hong Kong is an ideal place for exploring, developing and deploying the new generation of mobile technology,” Mr Suen said.
Source: Hong Kong Government special administrative region
The Lands Department today (May 8) posted a notice in accordance with section 4 of the Land Acquisition (Possessory Title) Ordinance (Chapter 130) for the acquisition of land for a public housing development near Chai Wan Swimming Pool, Chai Wan.
The land with an area of about 23 square metres will be acquired. The said land will vest in the Government upon the expiry of a period of three months from the date of affixing the notice (i.e. August 9).
The Government will closely liaise with the affected parties and handle compensation matters.
The public housing development near Chai Wan Swimming Pool, Chai Wan, will provide about 2 700 public housing units with the earliest population intake anticipated in 2034.