SEE continues to attend COP30 in Brazil (with photos)

Source: Hong Kong Government special administrative region – 4

The Secretary for Environment and Ecology, Mr Tse Chin-wan, continued to attend the 30th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP30) in Belém, Brazil, on November 12 (Belém time). He spoke at the thematic discussion session in China Pavilion’s side event, and had bilateral meetings with other representatives.
 
     Mr Tse attended the China Pavilion’s side event themed “Promoting Green Innovation and Cooperation to Jointly Build the Green Silk Road”, which was guided by the Ministry of Ecology and Environment (MEE) and co-hosted by the BRI International Green Development Coalition, the Foreign Environmental Cooperation Center of the MEE and the Secretariat of China Council for International Cooperation on Environment and Development. It aimed at establishing a pivotal platform for governments, financial and research institutions, non-governmental organisations and private sectors to foster international collaboration under the framework of the Green Silk Road. Discussions focused on promoting global green transition through key areas such as technological innovations, climate finance and market mechanisms.
 
     Speaking at the first thematic discussion session titled “Innovation in Climate Finance Mechanisms: Exploring New Models for South-South Cooperation”, Mr Tse said located in the Guangdong-Hong Kong-Macao Greater Bay Area, Hong Kong serves as a “super connector” and acts as a bridge between Chinese Mainland and the world. Under the “one country, two systems” principle, Hong Kong adopts the common law system and is the third largest global finance centre and the leading centre for green and sustainable finance in Asia, attracting local and transnational funds to support mitigation and adaption actions to reduce the impacts of climate change.
 
     Mr Tse said in 2024 alone, the volume of green and sustainable bonds issued in Hong Kong reached about 45 per cent of the regional total and ranked first in the Asian market for seven consecutive years. To encourage the development of green finance, the Hong Kong Special Administrative Region (HKSAR) Government launched the Green and Sustainable Finance Grant Scheme to provide funding support for eligible bond issuers and loan borrowers to cover part of their expenses on bond issuance and external review services. The Scheme has been extended to 2027 with the scope of subsidies expanded to cover transition bonds and loans to encourage regional decarbonisation.
 
     He added that in September 2025, Hong Kong Exchanges and Clearing Limited signed a Memorandum of Understanding with various carbon exchanges markets in the Greater Bay Area, strengthening the collaboration of carbon market development in the region. The Hong Kong Taxonomy for Sustainable Finance was also launched in May 2024, driving cross-border investments and facilitating green finance flows.
 
     Mr Tse said, “the HKSAR Government and the MEE will sign a cooperation agreement on jointly setting up a Belt and Road Green Development Cooperation Platform in Hong Kong. The platform will connect international environmental co-operation networks and facilitate technology exchanges and transfers of solutions among Belt and Road countries.”
 
     After attending the China Pavilion’s side event, Mr Tse had a bilateral meeting with the head of the Malaysian delegation, the Deputy Secretary General (Environmental Sustainability) of the Ministry of Natural Resources and Environmental Sustainability, Datuk Nor Yahati binti Awang, at the Malaysia Pavilion. They exchanged experience and views on carbon reduction strategies and low carbon green transition. Mr Tse also met with the Acting Group CEO of the Malaysian Green Technology and Climate Change Corporation, Mr Saiful Adib Bin Abdul Munaff, and the Secretary General of ICLEI-Local Governments for Sustainability, Mr Gino Van Begin, respectively. They exchanged experience and views on various topics, including addressing climate change, sustainable development and strengthening city-to-city collaborations.
 
     Mr Tse will leave today (November 13, Belém time) and arrive at Hong Kong on November 15.

              

Free horticultural education exhibition “Exploring the Amazing Bulbous Plants” to be held at Kowloon Park November 15 and 16 (with photos)

Source: Hong Kong Government special administrative region – 4

     To raise public interest in planting and promote greening, the Leisure and Cultural Services Department will organise a horticultural education exhibition entitled “Exploring the Amazing Bulbous Plants” this weekend (November 15 and 16) from 10am to 5pm at the Arcade and the Green Education and Resource Centre of Kowloon Park. The two-day event will also feature pot-planting activities, game stalls, workshops, talks and guided tours. All are welcome and admission is free.

     Bulbous plants generally refer to herbaceous plants with enlarged underground stems or roots that serve as storage organs. Packed with nutrients, water, and buds essential for growth, these specialised underground structures allow the plant to remain dormant during harsh conditions, such as cold winters, hot summers, or drought, and they quickly sprout and bloom when seasons return favourable. Therefore, bulbous plants are hailed as nature’s “master of energy storage”.

     Through the exhibition, members of the public can learn more about the classification, selection and pre-planting preparation, planting steps and practical tips, plant care and propagation methods of bulbous plants. Some beginner-friendly species that are easy to care for, have distinct blooming periods, and offer great visual appeal will also be introduced.

     In addition to exhibition panels, there will be hands-on workshops for creating scented sachets, bookmarks featuring compressed flowers, and plant rubbing art, alongside game stalls. Visitors can also enjoy the fun of pot planting under the guidance of horticulture instructors.

     Two talks in Cantonese, namely “Protected Plants in Hong Kong” and “How to plant Bulbous Plants”, will be held at the Green Education and Resource Centre in Kowloon Park from 12.15pm to 1pm on November 15 and 16 respectively. All are welcome to participate. While admission is free, tickets are required and available at the Centre on the event day on a first-come, first served basis.

     For enquiries, please call 2723 6053 or 2723 6767 or visit www.lcsd.gov.hk/en/green/gerc/activities/exhibitions.html.

     

Simulcast of “Let’s Vote, Together We Create the Future Gala” by seven media outlets to air (with photos)

Source: Hong Kong Government special administrative region – 4

     To further boost the electoral atmosphere and enhance public awareness, and to appeal to all electors to cast their votes on December 7, the polling day of the Legislative Council (LegCo) General Election, the Hong Kong Special Administrative Region Government will organise a large-scale outdoor variety show, “Let’s Vote, Together We Create the Future Gala” at Wonderland of the West Kowloon Cultural District between 8pm and 10pm on December 6. The gala will be simulcast by seven local electronic media outlets, namely Television Broadcasts Limited, ViuTV, HOY TV, Phoenix Satellite Television, Radio Television Hong Kong, Metro Broadcast and Commercial Radio (in no particular order).
 
     The Secretary for Constitutional and Mainland Affairs, Mr Erick Tsang Kwok-wai, together with senior representatives from the seven electronic media outlets, attended the “Let’s Vote, Together We Create the Future Gala” press conference held at TVB City today (November 13). They introduced details of the gala simulcast and officiated at a launch ceremony marking the gala kick off.
 
     To further promote the LegCo General Election, the theme song “Let’s Vote, Together We Create the Future” was written as adapted from Aaron Kwok’s popular hit “å¼·”. The song features nearly 70 singers and artists, including representatives from the seven local electronic media outlets. The music video of the theme song was premiered at the press conference and will continue to be broadcast across various platforms to encourage the public to cast their votes on the polling day.
 
     The gala boasts a diverse programme combining traditional and innovative elements, providing a rich audio-visual experience for audiences. It will feature a stellar line-up of established and emerging artists sharing the stage, showcasing cross-generational unity and collaboration. Highlights include large-scale illusion performances by a renowned magician, grand dance performances and an interactive session with the audience, sharing fun and joy with the public and fostering the spirit of solidarity and community support for the election. Tickets for the gala will be distributed for free, with details to be announced in due course.
 
     A Government spokesperson said, “The eighth LegCo General Election to be held on December 7 marks a significant milestone in Hong Kong’s journey from stability to prosperity. It plays a vital role in accelerating Hong Kong’s economic development and improving people’s livelihoods. The Government once again calls on all electors to actively participate and cast their votes on the polling day to elect capable, responsible, passionate and pragmatic candidates to be new-term LegCo Members, who will work together with the Government to create a brighter future for Hong Kong.”

        

Import of poultry meat and products from areas in Poland, Germany, Netherlands, Ireland and Canada suspended

Source: Hong Kong Government special administrative region

Import of poultry meat and products from areas in Poland, Germany, Netherlands, Ireland and Canada suspended
Poland
—-
Mazowieckie Region
(1) Białobrzegi District(2) Sulęcin District—-
State of Nordrhein-Westfalen
(3) District of Rhein-Erft-Kreis—-
Flevoland Province
(4) Dronten Municipality—-
(5) County Monaghan—-
Alberta Province
(6) Leduc CountyIssued at HKT 17:45

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MOFA solemnly condemns and refutes statements by China’s Taiwan Affairs Office aimed at undermining Taiwan’s participation in APEC

Source: Republic of China Taiwan

November 12, 2025 
No. 464 

At a regular press conference on November 12, a spokesperson of China’s Taiwan Affairs Office stated that Taiwan could only participate in next year’s APEC activities as a regional economy under the so-called “one China principle.” China will serve as the host economy for APEC in 2026.
 
The Ministry of Foreign Affairs (MOFA) emphasizes that this statement is a serious departure from the facts concerning Taiwan’s APEC involvement, not only exposing China’s malicious intention to suppress and undermine Taiwan’s equal participation in APEC but also disrupting harmony within the organization.
 
Taiwan formally became a full member economy of APEC in 1991 under the name Chinese Taipei through the signing of a memorandum of understanding (MOU) of accession with that year’s host economy, the Republic of Korea. The text of the MOU, which did not refer to any “one China principle,” made clear that Taiwan would participate in APEC meetings and activities with other member economies on an equal basis.
 
It is also understood that in the MOU signed in relation to China’s accession to the organization, APEC only took note of China’s so-called “one China principle” and its position that there is a distinction between sovereign states and regional economies. APEC did not express agreement with or acceptance of such a stance.
 
Furthermore, all APEC member economies, including China, unanimously supported the inclusion of the following text in joint ministerial statements issued following APEC Ministerial Meetings this year and in 2024: “We attach great importance to APEC’s continued cooperation in the spirit of multilateralism, on the basis of consensus with all members participating on an equal footing in all its events, including Leaders’ Week, in accordance with the Guidelines for Hosting APEC Meetings and Relevant APEC Conventions.”
 
During last year’s APEC Economic Leaders’ Week, China’s APEC senior official sent a letter to all APEC member economies extending explicit assurances that “participants meeting APEC delegates requirements and conducting APEC cooperation and responsibilities will be facilitated smooth and safe participation in APEC meetings, including entry and exit facilitation.”
 
MOFA reiterates that the Republic of China (Taiwan) is a sovereign and independent state, that neither the ROC (Taiwan) nor the People’s Republic of China is subordinate to the other, and that the PRC has never ruled Taiwan. These are internationally accepted, objective facts and the status quo. China has no right to comment on or interfere in the sovereign actions of other nations. Its use of the so-called “one China principle” to undermine Taiwan’s participation and status is a grave violation of the core principle of APEC member economies participating on an equal basis.
 
MOFA firmly demands that China carry out its duties as APEC host economy satisfactorily; fulfill its commitments properly in accordance with APEC guidelines, standards, and practices; and guarantee Taiwanese participants equal, dignified, and safe involvement in next year’s APEC meetings and activities. Taiwan will not accept any political maneuvers aimed at undermining or excluding its participation and will work with like-minded partners to oppose such moves. (E)

Tender results of the re-opening of 10-year RMB HKSAR Institutional Government Bonds

Source: Hong Kong Government special administrative region

Tender results of the re-opening of 10-year RMB HKSAR Institutional Government Bonds 
A total of RMB1.0 billion 10-year Government Bonds were offered today. A total of RMB1.825 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 1.83. The average price accepted is 101.28, implying an annualised yield of 2.151 per cent. 
Tender results of 10-year RMB HKSAR Institutional Government Bonds:
 

Tender Date* Calculated as the amount of bonds applied for over the amount of bonds issued.

Note: The yields stated above are annualised yields. For reference, the semi-annualised yields corresponding to the average price accepted, lowest price accepted, and average tender price are 2.140 per cent, 2.181 per cent, and 2.201 per cent respectively.
Issued at HKT 17:00

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Exchange Fund Position at end-September 2025

Source: Hong Kong Government special administrative region

Exchange Fund Position at end-September 2025 
The Exchange Fund recorded an investment income of HK$274.0 billion in the first three quarters of 2025. The main
components were:
 non-Hong Kong dollar assets (Note 1); andFees on placements by the Fiscal Reserves and placements by Hong Kong Special Administrative Region Government funds and statutory bodies were HK$12.3 billion (Note 3) and HK$11.8 billion respectively in the first three quarters of 2025, with the rate of fee payment at 4.4 per cent for 2025.
 
Total assets of the Exchange Fund stood at HK$4,152.2 billion at end-September 2025, representing an increase of HK$71.2 billion from the end of 2024. Accumulated surplus reached HK$916.3 billion at end-September 2025.
 
The Chief Executive of the HKMA, Mr Eddie Yue, said, “Stepping into the third quarter, various factors such as central bank monetary policies, the geopolitical environment and the fervor around the artificial intelligence industry were generally positive to the investment environment. Major asset classes delivered positive returns, with some leading stock market indices setting new highs during the quarter. Benefitting from capital inflows, the Hong Kong stock market also rose by 12 per cent in the third quarter. As for the bond market, while the US Federal Reserve (Fed) cut its monetary policy target rate in September, US bond yields remained at relatively high levels, generating good interest income for the Exchange Fund’s bond portfolio. That said, the US dollar traded stronger against other major currencies during the third quarter, resulted in a negative currency translation
effect on the Exchange Fund’s assets. Overall, the Exchange Fund recorded decent investment income in the first nine months of 2025, with positive returns across major asset classes.”
 
He added, “The investment landscape remains highly uncertain for the rest of 2025. While expectations of further rate cuts by the US Fed may improve investment sentiment, the market’s concerns about the US’s economic outlook may remain. Further, the impact of the rapid changes in the US Government economic and trade policies, trade frictions and geopolitical tensions on the financial markets remains unpredictable.
 
In the face of the complex and volatile investment environment, the HKMA will continue to adhere to the principle of capital preservation first while maintaining long-term growth. We will continue to manage the Exchange Fund with prudence and
flexibility, implement appropriate defensive measures, and maintain a high degree of liquidity. We will also continue our
investment diversification to strive for higher long-term returns, and ensure that the Exchange Fund remains effective in achieving its purpose of maintaining monetary and financial stability of Hong Kong.”
 
Note 1: This is primarily the effect of translating foreign currency assets into Hong Kong dollar after deducting the portion for currency hedging.
Note 2: This is the valuation change of investments held by investment holding subsidiaries of the Exchange Fund. This figure reflects the valuations at the end of June 2025. Valuation changes of these investments from July to September are not yet available.
Note 3: This does not include the 2025 fee payment to the Future Fund because such amount will only be disclosed when the composite rate for 2025 is available.
Issued at HKT 16:30

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Volume and price statistics of external merchandise trade in September 2025

Source: Hong Kong Government special administrative region

Volume and price statistics of external merchandise trade in September 2025 
     In September 2025, the volume of Hong Kong’s total exports of goods and imports of goods increased by 13.8% and 11.4% respectively over September 2024.
 
     Comparing the first nine months of 2025 with the same period in 2024, the volume of Hong Kong’s total exports of goods and imports of goods increased by 11.3% and 10.8% respectively.
 
     Comparing the third quarter of 2025 with the preceding quarter on a seasonally adjusted basis, the volume of total exports of goods decreased by 0.8%, while the volume of imports of goods remained virtually unchanged.
 
     Changes in volume of external merchandise trade are derived from changes in external merchandise trade value with the effect of price changes discounted.
 
     Comparing September 2025 with September 2024, the prices of total exports of goods and imports of goods increased by 2.4% and 2.0% respectively.
 
     As regards price changes in the first nine months of 2025 over the same period in 2024, the prices of total exports of goods and imports of goods both increased by 1.9%.
 
     Price changes in external merchandise trade are reflected by changes in unit value indices of external merchandise trade, which are compiled based on average unit values or, for certain commodities, specific price data.
 
     The terms of trade index is derived from the ratio of price index of total exports of goods to that of imports of goods.  Compared with the same periods in 2024, the index increased by 0.4% in September 2025, whereas it remained virtually unchanged in the first nine months of 2025.
 
     Changes in the unit value and volume of total exports of goods by main destination are shown in Table 1.
 
     Comparing September 2025 with September 2024, increases were recorded for the total export volume to all main destinations: Vietnam (46.1%), Taiwan (25.6%), India (15.4%), Chinese Mainland (the Mainland) (14.8%) and the USA (4.3%).
 
     Over the same period of comparison, the total export prices to all main destinations increased: Taiwan (5.1%), Vietnam (2.7%), the Mainland (2.3%), India (2.0%) and the USA (0.5%).
 
     Changes in the unit value and volume of imports of goods by main supplier are shown in Table 2.
 
     Comparing September 2025 with September 2024, increases were recorded for the import volume from Vietnam (62.3%), Singapore (27.2%), the Mainland (19.1%) and Japan (9.0%). On the other hand, the import volume from Taiwan decreased by 22.0%.
 
     Over the same period of comparison, the import prices from all main suppliers increased: Singapore (4.9%), Taiwan (4.5%), Japan (3.0%), the Mainland (0.7%) and Vietnam (0.4%).
 
Further information
 
     Details of the above statistics are published in the September 2025 issue of “Hong Kong Merchandise Trade Index Numbers”. Users can browse and download the report at the website of the C&SD (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1020006&scode=230 
     Enquiries on merchandise trade indices may be directed to the Trade Analysis Section of the C&SD (Tel: 2582 4918).
Issued at HKT 16:30

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