Category: MIL-OSI

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Tender of one-year HONIA-indexed Floating Rate Notes to be held on August 12

Source: Hong Kong Government special administrative region – 4

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 (August 6) that a tender of 1-year HONIA-indexed Floating Rate Notes (Notes) under the Infrastructure Bond Programme will be held on Wednesday, August 12, 2026, for settlement on Thursday, August 13, 2026.

A total of HK$1.5 billion 1-year HKD Notes will be tendered. The Notes will mature on August 13, 2027 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 : 01GH2708001
Stock Code : 4207 (HKGB FRN 2708)
Tender Date and Time : Wednesday, August 12, 2026
9.30am to 10.30am
Issue and Settlement Date : Thursday, August 13, 2026
Amount on Offer : HK$1.5 billion
Issue Price : At par
Maturity : 1 year
Maturity Date : Friday, August 13, 2027
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 : November 13, 2026
February 15, 2027
May 14, 2027
August 13, 2027 
Interest Payment Dates : November 17, 2026
February 17, 2027
May 18, 2027
August 17, 2027 
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, August 14, 2026
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.
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FS gives direction to terminate investigation into affairs of Next Digital Limited under Section 845(1) of Companies Ordinance (Cap. 622)

Source: Hong Kong Government special administrative region – 4

     The Government spokesman said today (August 5) that, pursuant to section 845(1)(a) of the Companies Ordinance (Cap. 622), the Financial Secretary has directed the Inspector to terminate the investigation into the affairs of Next Digital Limited (NDL). The term of office of the Inspector expired on July 27, 2026.

     The Financial Secretary noted that over the past period:

(i) Pursuant to the Companies Ordinance and the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Cap. 32), the Court of First Instance of the High Court granted a winding-up order against NDL on December 15, 2021. The relevant liquidation is now underway;

(ii) The listing of NDL’s shares was cancelled by the Stock Exchange of Hong Kong Limited pursuant to the Listing Rules on January 12, 2023;

(iii) A number of former senior officers of NDL were convicted of offences endangering national security and sentenced to imprisonment by the Court of First Instance on December 15, 2025 and February 9, 2026; and 

(iv) Three subsidiaries of NDL were convicted and fined by the Court of First Instance in the above criminal case. On March 24, 2026, the Chief Executive-in-Council, pursuant to Article 31 of the Hong Kong National Security Law and the Companies (Winding Up and Miscellaneous Provisions) Ordinance, ordered them to be struck off the Companies Register, and the three subsidiaries were dissolved forthwith accordingly. 

     Having carefully reviewed the above circumstances and all relevant factors, the Financial Secretary considered that it is no longer necessary to continue the investigation into the affairs of NDL and hence directed the Inspector to terminate the investigation pursuant to section 845(1)(a) of the Companies Ordinance.   

     The Financial Secretary said, “As an international financial centre, Hong Kong possesses a corporate governance regime that is sound, efficient and aligned with international standards. Companies in Hong Kong, particularly listed companies, generally adhere to high standards of corporate governance. The governance and financial problems of NDL, as well as the unlawful acts committed by its senior officers exploiting corporate vehicles, represented only an isolated incident. The Hong Kong Special Administrative Region (HKSAR) Government, regulatory bodies and the business community will continue to work together to ensure that Hong Kong consistently adheres to its internationally acclaimed corporate culture and high standards of corporate governance, maintains a high-quality, fair and efficient market, and remains steadfast in safeguarding its status and reputation as an international financial and commercial centre.”

     The spokesman said, “The HKSAR Government expresses its gratitude to Mr Clement Chan Kam-wing for his exemplary professional competence and high degree of professionalism during his tenure as the Inspector. Mr Chan upheld the principles of objectivity and impartiality, and faithfully discharged his duties with dedication and distinction. The HKSAR Government extends its sincere appreciation to Mr Chan and his team.”

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FEHD releases seventh batch of gravidtrap indexes for Aedes albopictus in July (with photos)

Source: Hong Kong Government special administrative region

FEHD releases seventh batch of gravidtrap indexes for Aedes albopictus in July  

District     The FEHD continues to carry out a series of measures, including:​     During the follow-up actions and following the discovery of stagnant water or stagnant water containers at three parks, four public housing estates, four private housing estates, two shopping centres and a public facility in Central and Western District, Kwun Tong District, Sham Shui Po District, North District and Kwai Tsing District, the FEHD has issued a total of 14 statutory notices to the responsible persons-in-charge, requiring the clearance of such items within a specified timeframe. Meanwhile, the FEHD has initiated two prosecutions against the relevant construction site contractor and the estate management company following the discovery of mosquito breeding at a construction site and a public housing estate in Sham Shui Po District and Wong Tai Sin District.

     Public participation is crucial to the effective control of mosquito problems. The FEHD appeals to members of the public to continue to work together in strengthening personal mosquito control measures, including:     Starting in August 2025, following the completion of the surveillance of individual survey areas, and once the latest gravidtrap index and the density index are available, the FEHD has been disseminating relevant information through press releases, its website and social media. It aims to allow members of the public to quickly grasp the mosquito infestation situation and strengthen mosquito control efforts, thereby reducing the risk of chikungunya fever (CF) transmission.

     Following recommendations from the World Health Organization and taking into account the local situation in Hong Kong, the FEHD sets up gravidtraps in districts where mosquito-borne diseases have been recorded in the past, as well as in densely populated places such as housing estates, hospitals and schools to monitor the breeding and distribution of Aedes albopictus mosquitoes, which can transmit CF and dengue fever. At present, the FEHD has set up gravidtraps in 62 survey areas of the community, with a surveillance period of two weeks. During the surveillance period, the FEHD will collect the gravidtraps once a week. After the first week of surveillance, the FEHD will immediately examine the glue boards inside the retrieved gravidtraps for the presence of adult Aedine mosquitoes to compile the Gravidtrap Index (First Phase) and Density Index (First Phase). At the end of the second week of surveillance, the FEHD will instantly check the glue boards for the presence of adult Aedine mosquitoes. Data from the two weeks of surveillance will be combined to obtain the Area Gravidtrap Index and the Area Density Index. The Gravidtrap and Density indexes for Aedes albopictus in different survey areas, as well as information on mosquito prevention and control measures, are available on the department’s webpage (www.fehd.gov.hk/english/pestcontrol/dengue_fever/Dengue_Fever_Gravidtrap_Index_Update.html#Issued at HKT 18:00

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Government launches new batch of Silver Bond

Source: Hong Kong Government special administrative region

Government launches new batch of Silver Bond           
     The bonds are offered under the retail part of the Infrastructure Bond Programme. Proceeds will be credited to the Capital Works Reserve Fund for investment in infrastructure projects in accordance with the Infrastructure Bond Framework. The Government will provide information on the allocation of the proceeds in the relevant Infrastructure Bond Reports.
           
     The Financial Secretary, Mr Paul Chan, said, “The Hong Kong Special Administrative Region Government continues to issue Silver Bond this year, offering senior citizens a safe, steady and low-risk investment option while encouraging the financial sector to tap into the business potential of the silver economy. Issued under the Infrastructure Bond Programme, proceeds from this batch of Silver Bond will be used to fund public works projects to push ahead Hong Kong’s infrastructure and urban development, enhancing people’s quality of life while enabling citizens to participate in and benefit from the city’s development.”
           
     There will be no secondary market for Silver Bond. Bondholders may sell their bonds before maturity to the Government at par together with accrued but unpaid interest. To encourage greater participation from citizens, a maximum allocation of HK$1 million per investor is stipulated, meaning that each investor is allocated 100 units of retail bonds at most.Issued at HKT 18:28

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Proposed works of water recreation and yacht bay development gazetted

Source: Hong Kong Government special administrative region

Proposed works of water recreation and yacht bay development gazetted      
     The notice and its related plan are posted near the site. The plan is also available for inspection at:
 
* Survey and Mapping Office of the Lands Department (6/F, North Point Government Offices, 333 Java Road, North Point, Hong Kong) (where copies can be purchased on order);
 
* Islands Home Affairs Enquiry Centre (Tung Chung) of the Islands District Office (1/F, Tung Chung Post Office Building, 6 Mei Tung Street, Tung Chung, Lantau Island); and
 
* Lands Department’s website (www.landsd.gov.hk 
     Any person who considers that he has an interest, right or easement in or over the foreshore and seabed involved may submit a written objection to the Director of Lands, 20/F, North Point Government Offices, 333 Java Road, North Point, Hong Kong, within two months from the gazette date, i.e. on or before October 7. The objector shall describe in the notice of objection his interest, right or easement, and the manner in which he will be allegedly affected.
Issued at HKT 11:45

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HKMCA introduces new insurance company as referral partner

Source: Hong Kong Government special administrative region

HKMCA introduces new insurance company as referral partner      
     Executive Director and the Chief Executive Officer of the HKMCA, Mr Daniel Leong, said, “The HKMCA is committed to developing the local annuity market. This collaboration with BOC Life enables a greater number of licensed insurance intermediaries to help the public better understand the critical roles that the HKMC Annuity Plan plays in retirement planning. We are looking forward to working closely with more institutions to empower the public to achieve their long-term sustainable retirement goal.”
      
     For enquiries or to verify the identity of designated licensed insurance intermediaries, please contact the HKMCA customer service hotline at 2512 5000.
Issued at HKT 12:00

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CE meets Secretary-General of ASEAN (with photo)

Source: Hong Kong Government special administrative region

CE meets Secretary-General of ASEAN (with photo)      
     Mr Lee welcomed Dr Kao’s visit to Hong Kong. Mr Lee said that Hong Kong has maintained close trade and economic ties with ASEAN, and ASEAN has been Hong Kong’s second-largest trading partner since 2010. The Hong Kong Special Administrative Region (HKSAR) Government is pressing ahead at full steam with the formulation of Hong Kong’s First Five-Year Plan. As an international financial, shipping and trade centre, Hong Kong is actively developing into an international innovation and technology centre and an international hub for high-calibre talent. Hong Kong will continue to deepen exchanges and co-operation with ASEAN member states in areas such as trade, investment, finance, logistics and innovation and technology, to jointly promote regional economic development and achieve mutual benefits and win-win outcomes.
      
     Mr Lee said that Hong Kong is a functional platform for the Belt and Road Initiative. Under the “one country, two systems” principle, Hong Kong enjoys the unique advantage of having the strong support of the motherland and being closely connected to the world. It will proactively serve as a “super connector” and a “super value-adder”, and leverage its role in “bringing in and going global” by providing ASEAN enterprises with a high-quality business environment and diversified professional services. Through the Task Force on Supporting Mainland Enterprises in Going Global, the HKSAR Government supports Mainland enterprises in expanding into markets including ASEAN, to promote the two-way flow of trade and investment in the region. He added that the HKSAR Government set up an Economic and Trade Office (ETO) in Kuala Lumpur, Malaysia, last year, which is the fourth ETO established by the HKSAR Government in ASEAN member states, to further promote economic and trade exchanges and co-operation between Hong Kong and the region.
      
     Mr Lee said that Hong Kong will continue to maintain close exchanges with the ASEAN Secretariat and solicit support from other stakeholders for Hong Kong’s early accession to the Regional Comprehensive Economic Partnership.
Issued at HKT 15:23

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Hong Kong Customs seizes suspected cannabis buds worth about $1.2 million at airport (with photos)

Source: Hong Kong Government special administrative region – 4

Hong Kong Customs yesterday (August 6) detected a drug trafficking case involving baggage concealment at Hong Kong International Airport. About 6 kilograms of suspected cannabis buds with an estimated market value of about $1.2 million were seized.

A 46-year-old Mainland male passenger arrived in Hong Kong from Bangkok, Thailand, yesterday. During Customs clearance, the suspected cannabis buds, weighing about 6kg in total, were found in 20 bags in his carry-on suitcase. The man was subsequently arrested.

The arrested person has been charged with one count of trafficking in a dangerous drug. The case will be brought up at the Kowloon City Magistrates’ Court tomorrow (August 8).

Customs will continue to step up enforcement against drug trafficking activities through intelligence analysis. The department also reminds members of the public to stay alert and not participate in drug trafficking activities for monetary return. They must not accept hiring or delegation from another party to carry controlled items into and out of Hong Kong. They are also reminded not to carry unknown items for other people.

Customs will continue to apply a risk assessment approach and focus on selecting passengers from high-risk regions for clearance to combat transnational drug trafficking activities.

Under the Dangerous Drugs Ordinance, trafficking in a dangerous drug is a serious offence. The maximum penalty upon conviction is a fine of $5 million and life imprisonment.

Members of the public may report any suspected drug trafficking activities to Customs’ 24-hour hotline 182 8080 or its dedicated crime-reporting email account (crimereport@customs.gov.hk) or online form (eform.cefs.gov.hk/form/ced002).

     

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Public urged to keep up anti-mosquito efforts

Source: Hong Kong Government special administrative region

     The Food and Environmental Hygiene Department (FEHD) today (August 7) announced that the monthly gravidtrap index for Aedes albopictus mosquitoes in July was 9.6 per cent, at Level 2, indicating that the distribution of Aedes albopictus mosquitoes in the survey areas was fairly extensive. The FEHD and relevant government departments have continuously stepped up mosquito prevention and control actions. 

     In July, among the 62 survey areas, the area gravidtrap indexes (AGI) in three areas exceeded 20 per cent. The gravidtraps were mostly located in the vicinity of private residential areas, public housing estates, schools, hospitals/clinics, recreational and sports facilities and public places. The FEHD has collaborated with relevant government departments to take immediate action to strengthen mosquito prevention and control work in the areas concerned. In July this year, the FEHD conducted over 69 000 inspections, initiated 17 prosecutions following the discovery of mosquito breeding, and issued 69 statutory notices requiring the clearance of stagnant water or stagnant water containers.