Source: Hong Kong Government special administrative region
Candidate Eligibility Review Committee announces 25 registrations of ex-officio members of Election Committee as valid
In accordance with section 5J of the Schedule to the Chief Executive Election Ordinance (Cap. 569), a person holding a specified office under Part 2A of the Schedule may register as an ex-officio member of the EC.
The Registration and Electoral Office has received 25 registrations of ex-officio members. After review, the CERC has determined that those registrations are valid. The subsectors and specified offices involved are listed below:
| SubsectorIssued at HKT 17:40
NNNN Government and 29 large corporates jointly launch new round of HYAB Scheme on Corporate Summer Internship on the Mainland and OverseasSource: Hong Kong Government special administrative region Government and 29 large corporates jointly launch new round of HYAB Scheme on Corporate Summer Internship on the Mainland and Overseas NNNN Online auction of vehicle registration marks to be held from February 26 to March 2Source: Hong Kong Government special administrative region Online auction of vehicle registration marks to be held from February 26 to March 2 Members of the public participating in the online bidding should take note of the following important points: (6) Successful bidders will receive a notification email around seven working days after payment has been confirmed and can download the Memorandum of Sale from the E-Auction. The purchaser must apply for the VRM to be assigned to a motor vehicle registered in the name of the purchaser within 12 months from the date of issue of the Memorandum of Sale. If the purchaser fails to do so within the 12-month period, in accordance with the statutory provision, the allocation of the VRM will be cancelled and a new allocation will be arranged by the TD without prior notice to the purchaser.Issued at HKT 15:00 NNNN Fatal traffic accident in Lantau NorthSource: Hong Kong Government special administrative region Fatal traffic accident in Lantau North Police are investigating a fatal traffic accident happened in Lantau North today (February 11) in which a man died. NNNN Summer internship scheme launchesSource: Hong Kong Information Services The Government today launched the “HYAB (Home & Youth Affairs Bureau) Scheme on Corporate Summer Internship on the Mainland & Overseas 2026”, with a view to providing young Hongkongers with quality internship placements. Run in collaboration with 29 large corporates, the scheme will help youths learn, at first-hand, about national development and international trends. Additionally, it will give young people exposure to the work culture of large corporates, and an opportunity to establish interpersonal networks. Overall, it will enable them to accumulate invaluable work experience and lay a foundation for their future career development. The internship placements are offered in various Mainland cities in the Greater Bay Area, as well as in Beijing, Shanghai, Chengdu, Chongqing and Hangzhou. Other internships are in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Australia. The placements span a variety of industries, including financial services, innovation and technology, pharmaceuticals, logistics, property development, construction, retail, hospitality and utilities. They will take place between June and September. Participating companies will sponsor the interns’ major expenses, including transportation and accommodation costs, and assign dedicated personnel to provide training and support. Aspiring participants should submit their applications online on or before March 9. Click here for more details. Govt leads digital asset regulationSource: Hong Kong Information Services Financial Secretary Paul Chan Evolving global trends Hong Kong is one of the pioneers in this space. The Hong Kong Special Administrative Region Government was the first in the world to issue tokenised government green bonds. Last year, we built on this foundation and issued the world’s largest digital green bond, with a multi-currency offering of $10 billion. Meanwhile, financial institutions are becoming more receptive to digital assets. By the end of last year, banks in Hong Kong held over $14 billion in digital assets under custody, a year-on-year increase of about 180%. Banks have also begun offering tokenised deposit services, with the total value of such deposits reaching $29 billion by the end of last year. The second trend is a related and evolving one: that is, the interaction between “TradFi” (traditional finance) and “DeFi” (decentralised finance). Traditional institutions are now importing DeFi mechanisms into their own architectures – such as automated market-making, programmable liquidity pools and the use of on-chain collateral – to support more efficient trading, funding and settlement. At the same time, DeFi is coming under growing regulatory and supervisory pressure in multiple jurisdictions, particularly in relation to anti-money laundering, investor protection and broader financial stability. There have been growing calls for DeFi to be brought under existing or emerging digital-asset regulatory frameworks. The third trend is the growing intersection between artificial intelligence (AI) and digital assets. AI systems are being designed to interact with tokenised money and smart contracts, enabling the autonomous execution of certain transactions and settlements. At the same time, AI tools are making digital asset markets more intelligent, efficient and data-driven. As AI agents become capable of making and executing decisions independently, we may begin to see the early forms of what some call the “machine economy”: where AI agents can hold and transfer digital assets, pay for services and transact with one another on chain. While this shift could deliver substantial efficiency gains, it also raises important questions around AI governance, accountability and cybersecurity. Hong Kong’s approach First, under the “one country, two systems” framework, Hong Kong is free to explore financial innovation, including in digital assets. We stand out as a market with consistent, predictable, forward-looking policies and a balanced and trusted regulatory framework. We welcome Web3 innovators and institutions from around the world to develop and scale their businesses here. At the same time, we recognise that innovation often moves faster than regulation, potentially creating gaps and new risks. We are therefore carefully balancing the promotion of innovation with the need for sound risk management. Our objective is to embrace new technologies while safeguarding investors, consumers and the overall financial stability. The principle of “same activity, same risk, same regulation” continues to underpin the design of our regulatory framework. Second, we see Web3, blockchain technology and AI as powerful enablers of the real economy, rather than ends in themselves. Our policy focus is therefore on how these technologies can be applied to enhance efficiency, lower costs and support concrete, real-world use cases. Ultimately, our aim is to make financial services more inclusive and accessible, while addressing long-standing pain points in transactions and market operations. Third, we are committed to pro-innovation regulation. Our regulators operate with a dual mandate: they not only exercise prudent supervision, but also actively facilitate market and product development. Through mechanisms such as regulatory sandboxes, we support experimentation and, in some cases, co-create solutions in close collaboration with innovators and industry participants. Some latest initiatives Ladies and gentlemen, with these guiding principles in mind, we are pressing ahead to advance Web3 development in Hong Kong. Let me highlight some of our latest initiatives. First, on regulation. We continue to enhance Hong Kong’s regulatory framework for digital assets, including the launch of a regulatory regime for stablecoin issuers in August last year. We see stablecoins as a practical tool for addressing the pain points in the real economy, particularly in payments and settlements. In giving out licences, we ensure that licensees have real-world use cases, a credible and sustainable business model, as well as strong regulatory compliance capabilities. Our strategy is moving forward fast, step by step. Therefore, we plan to issue only a small number of stablecoin issuer licences in the first batch in March this year. Meanwhile, we are also finalising the details of a new licensing regime for digital asset dealers and custodian service providers, with the aim of introducing the relevant legislation this summer. Together with the frameworks already in place, this will ensure that our overall regulatory regime comprehensively covers the key nodes of the digital asset ecosystem. Second, on product innovation and development. We will regularise the issuance of tokenised green bonds. At the same time, we encourage market innovation and nurture the broader ecosystem. For example, building on the Project Ensemble sandbox, Ensemble TX was launched by the HKMA (Hong Kong Monetary Authority) in November last year. It is a new pilot phase that enables faster, more transparent and more efficient settlement of real-value tokenised transactions. Looking ahead, as the convergence of AI and blockchain continues to accelerate, the Government and our regulators will work with the industry to foster concrete, high-impact use cases, while ensuring that emerging risks are properly identified, monitored and managed. Concluding remarks Financial Secretary Paul Chan gave these remarks at Consensus Hong Kong 2026 on February 11. MOEA Breaks Ground on Advanced Semiconductor R&D Center: Taiwan’s First 12-Inch Pilot Line to Target AI, Silicon Photonics, and Quantum TechnologySource: Republic of China Taiwan The Ministry of Economic Affairs (MOEA) announced today that the Advanced Semiconductor R&D Center has officially broken ground at the Industrial Technology Research Institute (ITRI) headquarters campus in Hsinchu. Jointly promoted by the MOEA, the National Development Council (NDC), and the National Science and Technology Council (NSTC), the project is supported under the IC Taiwan initiative and will establish the nation’s first 12-inch advanced semiconductor pilot line. Scheduled for completion in December 2027, this R&D center will provide comprehensive services including innovative IC design verification, advanced process development, and localized equipment and material validation. The facility is designed to lower verification barriers for startups and small and medium-sized enterprises (SMEs), effectively bridging the gap between laboratory research and industrial commercialization. By enabling deployment of cutting-edge technologies such as AI chips, silicon photonics, and quantum technologies, the Center will further solidify Taiwan’s leadership within the global semiconductor ecosystem. Minister of Economic Affairs Kung Ming-hsin noted that Taiwan’s 8.36% economic growth last year was largely driven by semiconductor and AI sectors, with continued positive momentum expected. He emphasized the ministry’s role in providing SMEs with opportunities for small-scale, diversified, and specialized chip prototyping. By integrating new 12-inch R&D capabilities with upgraded 8-inch pilot lines, this R&D center will provide a comprehensive one-stop service platform covering design, manufacturing, packaging, and testing. In addition, it will allow domestic equipment and material suppliers to conduct on-site demonstration and validation, accelerating their integration into international markets and global supply chains. Minister Kung expressed his expectation that this R&D center will expedite the development of a resilient, autonomous, and next-generation semiconductor innovation ecosystem in Taiwan. According to the Department of Industrial Technology, this R&D center is a key part of a broader national semiconductor infrastructure plan comprising three major pilot lines and a metrology validation laboratory. The 12-inch advanced pilot line represents an investment of NT$3.77 billion and will be Taiwan’s first high-technology semiconductor facility of its kind operated by a research institution. The facility construction is scheduled to be completed in December 2027, with operations commencing in the first quarter of 2028. The pilot line will provide 28-90 nm back-end-of-line (BEOL) process R&D and pilot production services, with the goal of shortening product development cycles by approximately 30%. Supporting forward-looking technologies such as quantum computing, silicon photonics, ASICs, and 3D integration, this R&D center enables domestic firms to complete the full R&D-validation-iteration cycle within Taiwan. Additionally, this R&D center will strengthen supply chain resilience, promote academic collaboration, cultivate high-level technical talent, and establish a comprehensive semiconductor innovation ecosystem for the AI era. Speech by CE at SCMP China Conference: Southeast Asia 2026 (English only)Source: Hong Kong Government special administrative region Following is the video speech by the Chief Executive, Mr John Lee, at the SCMP China Conference: Southeast Asia 2026 today (February 10): Your Excellency Hashim Djojohadikusumo (Special Envoy of the President of the Republic of Indonesia for Climate and Energy), Honourable Mr C Y Leung (Vice-Chairman of the National Committee of the Chinese People’s Political Consultative Conference), Ms Tammy Tam (Publisher of the South China Morning Post), distinguished guests, officials and friends from Indonesia, ladies and gentlemen, DSJ promotes Hong Kong’s common law system and strengths in legal, financial and other professional services in IndonesiaSource: Hong Kong Government special administrative region DSJ promotes Hong Kong’s common law system and strengths in legal, financial and other professional services in Indonesia In addition, Dr Cheung had a luncheon with leaders from the commercial, financial, and innovation and technology sectors in Indonesia and nearby regions to exchange views on how to better facilitate commercial ties and collaboration between Hong Kong and Indonesia. NNNN Two illegal workers jailedSource: Hong Kong Government special administrative region Two illegal workers jailed NNNN |