Category: MIL-OSI

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Government’s financial results for 10 months ended January 31, 2026

Source: Hong Kong Government special administrative region

     The Government announced today (February 27) its financial results for the 10 months ended January 31, 2026.
      
     Expenditure and revenue from April 2025 to January 2026 amounted to HK$627.3 billion and HK$614.9 billion respectively, resulting in a surplus of HK$87.9 billion after taking into account HK$142.3 billion received from issuance of Government Bonds and repayment of HK$42 billion principal on Government Bonds. The fiscal reserves stood at HK$742.2 billion as at January 31, 2026.
      
     Taking into account the forecast revenue and expenditure for the remaining two months, the surplus for the 2025-26 financial year is expected to be HK$2.9 billion and the fiscal reserves are estimated to be HK$657.2 billion as at the end of March 2026.
      
     Detailed figures are shown in Tables 1 and 2.

TABLE 1. CONSOLIDATED ACCOUNT (Note 1)
 Government Debts as at January 31, 2026 (Note 3)
    HK$414,754 million
Debts Guaranteed by Government as at January 31, 2026 (Note 4)
    HK$112,964 million

TABLE 2. FISCAL RESERVES
 Notes:

1. This Account consolidates the General Revenue Account and the following eight Funds: Capital Works Reserve Fund, Capital Investment Fund, Civil Service Pension Reserve Fund, Disaster Relief Fund, Innovation and Technology Fund, Land Fund, Loan Fund and Lotteries Fund. It excludes the Bond Fund, the balance of which is not part of the fiscal reserves. The Bond Fund balance as at January 31, 2026, was HK$155,142 million.

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Hong Kong Museum of Art receives another donation of $90 million from Wu Guanzhong’s son

Source: Hong Kong Government special administrative region

Hong Kong Museum of Art receives another donation of $90 million from Wu Guanzhong’s son       
     In 2024, the HKMoA established the Wu Guanzhong Art Sponsorship with the initial $100 million donation, comprehensively promoting Wu Guanzhong’s art and modern Chinese art to diverse audiences across various regions. Six major series have been launched, including local and overseas exhibitions, educational programmes, and academic research initiatives. Mr Wu Keyu stated that since the establishment of the special fund, the HKMoA has enhanced its promotion of Wu Guanzhong’s art, and its tireless efforts in advancing art education have deeply moved him. He hopes that through this contribution, the fund’s strength can be further enhanced, enabling art promotion work to reach greater depth and breadth. The HKMoA thanks Wu Guanzhong and his family for their trust and support over the years, allowing the public to deeply appreciate the essence of the master’s art.
      
     Wu Guanzhong (1919 – 2010) was a leading figure in 20th-century Chinese and international art. He had deep connections with Hong Kong, having hosted multiple exhibitions and events here and even visiting Hong Kong’s streets for sketching inspiration. Over the years, the HKMoA has benefited from generous donations by Wu Guanzhong and his family. To date, the Museum has accumulated over 450 works and personal archives, making it the institution with the largest and most diverse collection of Wu Guanzhong’s art.
      
     Since the establishment of the sponsorship, the HKMoA has held numerous exhibitions. Among them, “Wu Guanzhong: Between Black and White”, running from March 2024 to March 2025, received widespread acclaim, attracting more than 570 000 visitors. Last year, from July to October, the Museum showcased the master’s works at the Seoul Calligraphy Art Museum of the Seoul Arts Center, promoting Wu Guanzhong’s art to international audiences and fostering cultural exchanges between the two regions. Currently, the exhibition “Wu Guanzhong Art Sponsorship Thematic Exhibition Series: Wu Guanzhong: Encountering Landscapes” is taking place on the fourth floor of the Museum, featuring valuable sketches, ink, and oil paintings – nearly half of which are being displayed for the first time since their donation to the Museum.
      
     To enable more audiences to become acquainted with this art master, the Museum has launched the “Wu Guanzhong Art Sponsorship Educational Series: Art Journey with Wu Guanzhong: Mobile Museum”. The art bus uses multimedia devices and interactive games to promote Wu Guanzhong’s art and aesthetic principles. Over the next two years, the Mobile Museum will visit more than 140 local primary and secondary schools across Hong Kong and will also stop at various cultural venues and recreational spaces. Furthermore, the Academic Research Series, “Wu Guanzhong Paintings and Personal Archives in the Hong Kong Museum of Art”, compiles over 450 sets of Wu Guanzhong’s works and personal archives. In addition to being available for sale at the Museum gift shop, the catalogue will be distributed free of charge to secondary schools across Hong Kong for educational purposes.
      
     For details on the various exhibitions and activities related to the Wu Guanzhong Art Sponsorship Series, please visit: hk.art.museum/en/web/ma/exhibitions-and-events.htmlIssued at HKT 17:38

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Applications for Bun Scrambling Competition on Cheung Chau to close next Friday

Source: Hong Kong Government special administrative region

Applications for Bun Scrambling Competition on Cheung Chau to close next Friday 
     The maximum capacity for the Competition is 200 participants. Places will be allocated by ballot via the SmartPLAY system. Applicants who reside in, work or study on Cheung Chau will be accorded priority in the ballot.
 
     Applicants should complete the user registration and identity authentication at SmartPLAY and make their e-ballot applications via the system’s mobile app (My SmartPLAY), website (www.smartplay.lcsd.gov.hk/home 
     All selected applicants are required to complete safety training sessions on bun tower climbing and prevention of falls on April 12 in order to qualify for the final selection exercise of the Competition on April 26. At the selection exercise, the 24 contestants recording the shortest time in the preliminary round (including no fewer than six female participants) will be eligible to enter the semi-final on the same day to compete for the 12 finalist places (including no fewer than three female participants).
 
     The 12 finalists will enter the Bun Scrambling Final on May 24 night. Trophies will be awarded to the champion as well as the first and second runners-up in the men’s division, and to the champion in the women’s division. The contestant who bags the highest number of buns within the time limit will win the “Full Pockets of Lucky Buns” prize.
 
     To recognise the outstanding performance of the winners and enhance the atmosphere of the event, the male or female athlete who has been the champion for three times in the Competition since 2016 will become the “King of Kings” or the “Queen of Queens” and be awarded a trophy.
 
     The 2026 Bun Carnival is jointly organised by the Hong Kong Cheung Chau Bun Festival Committee and the Leisure and Cultural Services Department (LCSD). Besides the Competition, the Bun Tower Climbing Team Relay will be held on May 10 morning. Local tertiary institutions, Government Departments, public utilities as well as commercial and industrial organisations will be invited to join. At the Climbing Carnival to be held in the afternoon of May 10, there will be bun tower climbing activities, game stalls, handicraft-making activities and variety shows. A Wishing Bun Tower will be set up. The winning entries of the Student Drawing Competitions will also be displayed. Members of the public are welcome to enjoy the carnival fun.
  
     Details of the events are available at the SmartPLAY website, the mobile app (My SmartPLAY) and the 2026 Bun Carnival dedicated website (www.lcsd.gov.hk/en/bun/index.htmlIssued at HKT 12:00

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Hong Kong Customs seizes suspected counterfeit goods worth about $1.3 million

Source: Hong Kong Government special administrative region

Hong Kong Customs seizes suspected counterfeit goods worth about $1.3 million (with photo)      
     Based on risk assessment, Customs examined an outbound air cargo consignment, declared as car player converters, at the Customs Cargo Examination Compound at HKIA. Upon inspection, Customs officers found the batch of suspected counterfeit goods therein, including footwear, bags and clothing.
      
     An initial investigation revealed that the batch of suspected counterfeit goods would have been exported to overseas regions.
      
     Customs will continue to take stringent enforcement action against counterfeit goods and smuggling activities through risk assessment and intelligence analysis.
      
     Under the Trade Descriptions Ordinance, any person who imports or exports any goods to which a forged trademark is applied commits an offence. The maximum penalty upon conviction is a fine of $500,000 and imprisonment for five years.
      
     Members of the public may report any suspected counterfeiting activities to Customs’ 24-hour hotline 182 8080 or its dedicated crime-reporting email account (crimereport@customs.gov.hkIssued at HKT 16:40

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CE holds engagement sessions with HKSAR deputies to NPC and HKSAR members of National Committee of CPPCC

Source: Hong Kong Government special administrative region

CE holds engagement sessions with HKSAR deputies to NPC and HKSAR members of National Committee of CPPCC  
　　Mr Lee said that the HKSAR deputies to the NPC and HKSAR members of the National Committee of the CPPCC, as important members of the country’s institutions, serve as a crucial bridge connecting the Mainland and Hong Kong. He noted that the current-term HKSAR Government has established a regular exchange mechanism with the HKSAR deputies to the NPC and HKSAR members of the National Committee of the CPPCC to pool their strengths in contributing to Hong Kong’s further integration into and service of national development.
 
　　Mr Lee thanked the HKSAR deputies to the NPC and HKSAR members of the National Committee of the CPPCC for their active contributions of insights and suggestions, and for engaging in in-depth discussions on Hong Kong’s economic and social development opportunities during the National 15th Five-Year Plan period. Mr Lee said that the HKSAR Government will lead Hong Kong in proactively aligning with the National 15th Five-Year Plan, consolidating and enhancing its status as an international financial, shipping and trade centre, and making every effort to develop Hong Kong into an international innovation and technology centre and an international hub for high-calibre talent. The HKSAR Government will work hand in hand with the HKSAR deputies to the NPC and HKSAR members of the National Committee of the CPPCC to contribute to Hong Kong’s long-term prosperity and stability.
Issued at HKT 18:45

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Tender for 12th operation and management contract of Light Public Housing invited

Source: Hong Kong Government special administrative region

     ​The Housing Bureau (HB) today (February 27) invites tender for the 12th and also the last operation and management contract of Light Public Housing (LPH). Capable and experienced organisations are encouraged to participate.

     The project is located at Hang Kwong Street, Ma On Shan, providing about 855 LPH units, with intake tentatively scheduled in the fourth quarter of this year. Same as the previous contracts, the LPH operation and management services mainly cover occupant management, property management, daily maintenance, as well as the provision of social services, and management and operation of ancillary facilities, etc. To encourage participation of different stakeholders in the community, the HB welcomes tenders from all capable and experienced service providers, including non-government organisations and those with a valid property management company licence, or a collaboration between them.

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London ETO welcomes Year of Horse with vibrant celebrations in London

Source: Hong Kong Government special administrative region – 4

     The Hong Kong Economic and Trade Office in London (London ETO) celebrated the Year of the Horse in the United Kingdom (UK) with a series of festive and promotional events, showcasing Hong Kong’s dynamism and further strengthening ties between Hong Kong and the UK.
      
     On February 26 (London time), the London ETO hosted an evening reception in London in collaboration with Invest Hong Kong and the Hong Kong Trade Development Council. Earlier, on February 22, the London ETO supported large-scale Chinese New Year celebrations organised by the London Chinatown Chinese Association at Trafalgar Square, Chinatown and Charing Cross Road, bringing the festive spirit to the heart of Central London.
      
     Welcoming over 400 guests to the reception on February 26, the Director-General of the London ETO, Miss Fiona Chau, expressed appreciation for the long-standing economic and cultural links between Hong Kong and the UK. Guests included UK government officials, London borough mayors, senior diplomats, business leaders, academics, media representatives and members of the Chinese community.
      
     In her remarks, Miss Chau outlined key measures in the 2026-27 Budget, newly announced by the Financial Secretary on February 25 in Hong Kong. These include increased resources for AI+ development, life and health technology, as well as measures to strengthen support for emerging industries and new industrialisation.
      
     Miss Chau also highlighted the Northern Metropolis as an important driver of innovation and technology development, creating an innovation corridor linking Hong Kong with other cities in the Guangdong-Hong Kong-Macao Greater Bay Area. She emphasised that the development will open up new opportunities for collaboration with global partners, including the UK.
      
     At the Chinese New Year celebrations on February 22, vibrant cultural and musical performances drew large crowds across Central London. Miss Chau joined distinguished guests including the Deputy Mayor for Communities and Social Justice of London, Dr Debbie Weekes-Bernard; Member of Parliament for Cities of London and Westminster Ms Rachel Blake; and the Lord Mayor of Westminster, Mr Paul Dimoldenberg, in greeting members of the public from an open-top double-decker bus and on stage at Trafalgar Square.
      
     Under the Economic and Trade Express platform, the London ETO, together with Invest Hong Kong and the Hong Kong Trade Development Council, hosted six celebratory and promotional events in Denmark, Finland, Norway, Sweden and the UK to mark the Year of the Horse, showcasing Hong Kong’s role as an international financial, trade and innovation centre.

                          

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CE meets Secretary of CPC Zhuhai Municipal Committee

Source: Hong Kong Government special administrative region

CE meets Secretary of CPC Zhuhai Municipal Committee (with photo) 
　　Mr Lee welcomed Mr Chen and his delegation on their visit to Hong Kong. Mr Lee said that since the commissioning of the Hong Kong-Zhuhai-Macao Bridge (HZMB), Zhuhai has become the only Mainland city connected by land to both Hong Kong and Macao. The successive implementation of the Northbound Travel for Hong Kong Vehicles and Southbound Travel for Guangdong Vehicles schemes has deepened the two-way flow of people between Guangdong and Hong Kong, further facilitating the flow of people and goods within the Guangdong-Hong Kong-Macao Greater Bay Area (GBA). As a core city of the GBA, Hong Kong will continue to work closely with Zhuhai to further harness the opportunities presented by the HZMB to develop Hong Kong and Zhuhai into one of the GBA’s main gateways for the import and export of goods, promoting high-quality development in the GBA.
 
　　Mr Lee said that Hong Kong International Airport and Zhuhai Airport have been closely co-operating with remarkable results. Through enhancing the “Fly-Via-Zhuhai-Hong Kong” direct passenger service and jointly developing the international air-cargo business, the two places have further enhanced the competitiveness of both airports and reinforced their combined advantages to bring about the synergy effect of “one plus one is greater than two”. This serves as a testament to the complementarity and mutual benefits achieved between Hong Kong and Zhuhai. Hong Kong will continue to leverage its dual advantage of having national and global opportunities, and further strengthen collaboration between the two airports, jointly contributing to the development of a world-class airport cluster in the GBA.
 
　　Mr Lee said that Hong Kong and Zhuhai are linked by geographical ties and share the same roots, with frequent exchanges in areas such as trade, investment, transport and aviation. The Hong Kong Special Administrative Region Government will proactively align with the National 15th Five-Year Plan to better integrate into and serve the country’s overall development and fulfil the role of “bringing in and going global”. He encouraged Zhuhai enterprises to make good use of Hong Kong as a springboard to explore overseas markets, pursue development together, and jointly seize the opportunities arising from national development.
Issued at HKT 17:00

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Leasing arrangements announced for public market stalls in March

Source: Hong Kong Government special administrative region – 4

　　The Food and Environmental Hygiene Department (FEHD) announced today (February 27) that open auctions for a total of 597 stalls in 50 public markets will be held in March. Market stalls not taken at open auctions will be available to the public for renting at their upset prices on March 20 on a first-come, first-served basis.

(1) Open auctions　

​The types of stalls to be auctioned this time cover cooked food, frozen meat, fresh meat, fresh fish, frozen (chilled) poultry, fruits, vegetables, food-related dry goods and wet goods, non-food-related dry goods and wet goods, tradesman/service trades, siu mei and lo mei, newspaper, etc. The tenancy agreement is a three-year fixed term from April 1, 2026, with no right of renewal upon expiry of the tenancy agreement. The upset prices of the monthly rent of the stalls vary depending on the sizes, locations and vacancy periods of the individual stalls. The upset prices for the stalls in an open auction will be initially fixed at 80 per cent of the open market rent (OMR) if the stalls have been vacant for over six months, and at 60 per cent of the OMR if the vacant period has been over eight months. Relevant information is available on the FEHD website.

The date of the auctions and the number of stalls are as follows:

New Territories (1)
———————
Auction date: March 6 (Friday) (am)
Number of stalls: 77

New Territories (2)
———————
Auction date: March 6 (Friday) (pm)
Number of stalls: 78

Hong Kong Island and Islands District (except Aberdeen Market) (1)
————————————————–
Auction date: March 9 (Monday) (pm)
Number of stalls: 131

Hong Kong Island and Islands District (except Aberdeen Market) (2)
————————————————–
Auction date: March 10 (Tuesday) (am)
Number of stalls: 76

Aberdeen Market
——————-
Auction date: March 10 (Tuesday) (pm)
Number of stalls: 14

Kowloon (1)
————–
Auction date: March 11 (Wednesday) (am)
Number of stalls: 99

Kowloon (2)
————–
Auction date: March 11 (Wednesday) (pm)
Number of stalls: 67

Kowloon (3)
————–
Auction date: March 12 (Thursday) (am)
Number of stalls: 55

　　The open auctions will be held at Room 410, 4/F, Food and Environmental Hygiene Department Nam Cheong Offices and Vehicle Depot, 87 Yen Chow Street West, Kowloon. Limited seats are available on a first-come, first-served basis. The admission tickets will be issued 30 minutes prior to the commencement of each auction. Persons who want to attend the auctions must wait at the waiting area of the auction venue and produce their Hong Kong identity card or passport for registration. The registered person will then be provided with an admission ticket for the auctions. In addition, eligible bidders after verification will be issued with a bidding paddle for the auction. The FEHD has also invited representatives of the Police and the Independent Commission Against Corruption to monitor the auctions at the auction venue in order to ensure that the open auctions are conducted in an orderly and fair manner.

(2) Renting at upset prices on first-come, first-served basis

　　The tenancy agreement for market stalls renting on a first-come, first-served basis is a three-year fixed term from May 1, 2026; while the tenancy agreement for the market stalls at Stanley Waterfront Mart is a three-month fixed term from April 1, 2026, with no right of renewal upon expiry of the tenancy agreement. The upset prices of the monthly rent of the stalls vary depending on their sizes, locations, vacancy periods and the reduced upset prices from the last open auction of the individual stalls. 

　　In addition, the FEHD Sunlight Market will be available to the public for renting on a first-come, first-served basis. The licence agreement for market stalls in the Sunlight Market is a two-year fixed term starting from May 1, 2026, with no right of renewal upon expiry of the licence agreement. The licence fee of the stalls varies depending on their sizes. 

　　Members of the public who are interested in renting a market stall at its upset price should approach the following FEHD offices, as appropriate, to apply in person from 9.30am to 12.30pm or 2.30pm to 4.30pm on March 20 (Friday):
 

Districts in which the market stalls are located  Venues for selection of market stalls
Hong Kong Island and Islands District  Hawkers and Markets Section (Hong Kong and Islands) Office, 8/F, Lockhart Road Municipal Services Building, 225 Hennessy Road, Wan Chai, Hong Kong
Kowloon Hawkers and Markets Section (Kowloon) Office, Room 301-302, 3/F, Food and Environmental Hygiene Department Nam Cheong Offices and Vehicle Depot, 87 Yen Chow Street West, Kowloon
Kwai Tsing District  Kwai Tsing District Environmental Hygiene Office, 9/F, Kwai Hing Government Offices, 166-174 Hing Fong Road, Kwai Chung, New Territories
North District North District Environmental Hygiene Office, 4/F, Shek Wu Hui Municipal Services Building, 13 Chi Cheong Road, Sheung Shui, New Territories
Sai Kung District  Sai Kung District Environmental Hygiene Office, 7/F, Sai Kung Tseung Kwan O Government Complex, 38 Pui Shing Road, Tseung Kwan O, New Territories
Sha Tin District Sha Tin District Environmental Hygiene Office, Units 1201-1207 and 1220-1221, 12/F, Tower 1, Grand Central Plaza, 138 Sha Tin Rural Committee Road, Sha Tin, New Territories
Tai Po District  Tai Po District Environmental Hygiene Office, 3/F, Tai Po Complex, 8 Heung Sze Wui Street, Tai Po, New Territories
Tsuen Wan District  Tsuen Wan District Environmental Hygiene Office, 3/F, Yeung Uk Road Municipal Services Building, 45 Yeung Uk Road, Tsuen Wan, New Territories
Tuen Mun District  Tuen Mun District Environmental Hygiene Office, 1/F, Tuen Mun Government Offices Building, 1 Tuen Hi Road, Tuen Mun, New Territories
Yuen Long District Yuen Long District Environmental Hygiene Office, 2/F, Yuen Long Government Offices, 2 Kiu Lok Square, Yuen Long, New Territories

　　Relevant information on renting at upset prices on a first-come, first-served basis will be available on the FEHD website after the open auction.

　　A spokesman for the FEHD said, “Bidders or applicants for the market stalls must be at least 18 years old and ordinarily reside in Hong Kong. To allow more people to bid for or select the stalls and increase customer choices by enhancing the diversity in terms of the variety of stalls, there will be a restriction on the number of stalls to be rented in the same market by a single tenant. Any person who is currently a stall tenant is not allowed to bid in the first round of auction for any stall in the same market, and will only be allowed to bid for one stall in the second round of auction or to select one stall in the same market on a first-come, first-served basis (except Stanley Waterfront Mart). The existing tenants under the new three-year fixed-term tenancy scheme (i.e. those persons who became stall tenants through the market open auctions after August 2022) are allowed to bid for a stall in the auction or select a stall on a first-come, first-served basis in the same market, but shall vacate the current stall and return it to the FEHD before the effective date of commencement of the new tenancy agreement.”

　　​Details of the open auctions and the public market stalls concerned (including stalls for open auction at reduced upset prices) have been uploaded to the FEHD website (www.fehd.gov.hk/english/pleasant_environment/tidy_market/open_auction_coming.html). Details on renting public market stalls on a first-come, first-served basis will be uploaded to the FEHD website after open auctions (www.fehd.gov.hk/english/pleasant_environment/tidy_market/FCFS/index.html). Interested bidders or applicants may visit the department website or contact the respective District Environmental Hygiene Office.

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Tender for re-opening of 5-year RMB HKSAR Institutional Government Bonds to be held on March 5

Source: Hong Kong Government special administrative region

Tender for re-opening of 5-year RMB HKSAR Institutional Government Bonds to be held on March 5      
     An additional amount of RMB1.25 billion of the outstanding 5-year Bonds (issue no. 05GB3005001) will be on offer. The Bonds will mature on May 15, 2030 and will carry interest at the rate of 1.97 per cent per annum payable semi-annually in arrear. The Indicative Pricings of the Bonds on February 27, 2026 are 101.08 with a semi-annualised yield of 1.702 per cent.
      
     Tender is open only to Primary Dealers appointed under the Infrastructure Bond Programme. Anyone wishing to apply for the Bonds 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      
     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. 

Issue Number9.30am to 10.30amthe Stock Exchange
of Hong Kong LimitedIssued at HKT 17:00

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