First-phase measures to enhance regulation of licensed money lenders take effect today

Source: Hong Kong Government special administrative region – 4

The Government’s first-phase measures to enhance the regulation of licensed money lenders (money lenders) take effect today (August 1), including prohibiting money lenders from requesting borrowers to provide loan referees, and introducing “debt servicing ratio” caps for unsecured personal loans of low-income earners.

With the above measures in place, money lenders are not allowed to request borrowers to provide loan referees, and members of the public need not worry about facing harassment due to acting as a loan referee. Setting “debt servicing ratio” caps – for borrowers with monthly incomes of HK$6,000 or less, the cap is 35 per cent, and for borrowers with monthly incomes from HK$6,001 to HK$12,000, the cap is 40 per cent – will not only protect the public, but also encourage money lenders to grant loans more responsibly, thereby helping to address the issue of excessive borrowing and foster a more healthy market development.

The second-phase measures will be rolled out on June 1 next year, and will include requiring all money lenders engaging in unsecured personal loan businesses to regularly submit personal credit information of their unsecured personal loan borrowers to the Credit Data Smart (CDS). Money lenders will also need to meet specific requirements to join the CDS to obtain personal credit information of borrowers for loan application assessment.

The Financial Services and the Treasury Bureau (FSTB) hopes that the community will continue to support implementation of the measures, with a view to addressing the issue of excessive borrowing via a multipronged approach. The FSTB and the Companies Registry have been maintaining close liaison with the money lending industry, and have provided information and guidance to money lenders in order to ensure the smooth implementation of the measures.

Two men holding charged with murder and assisting offenders

Source: Hong Kong Government special administrative region

Two men holding charged with murder and assisting offenders      
     The two men were arrested on August 1 in suspected connection with a murder case happened in Tsim Sha Tsui on July 26, in which a 32-year-old local man died.
      
     The case will be mentioned at the Kowloon City Magistrates’ Courts tomorrow (August 4) morning.
      
     Concerning the aforementioned case, Police earlier arrested seven men and three women, aged between 24 and 46. Six of the arrestees have been laid holding charges with murder and assisting offenders respectively. The cases were mentioned at the Kowloon City Magistrates’ Courts between July and August. The remaining arrestees have been released on bail and are required to report back to the Police in late August.
      
     Active investigation by the Regional Anti-triad Unit of Kowloon West is under way.     
      
     Anyone who witnessed the incident or has any information to offer is urged to contact the investigating officers on 3661 8361.
Issued at HKT 22:02

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Hong Kong Customs seizes live turtles of suspected scheduled endangered species (with photo)

Source: Hong Kong Government special administrative region – 4

​Hong Kong Customs today (August 1) seized four live turtles of suspected endangered species, with a total estimated market value of about $20,000, at the Shenzhen Bay Control Point.

A 43-year-old local woman was intercepted for customs clearance at the departure hall of the Control Point. Customs officers found four live turtles on her body. Upon inspection by officers of the Agriculture, Fisheries and Conservation Department (AFCD), the batch of turtles were suspected to be endangered species listed in the Appendices to the Convention on International Trade in Endangered Species of Wild Fauna and Flora and regulated under the Protection of Endangered Species of Animals and Plants Ordinance (Cap. 586) in Hong Kong.

The case was handed over to the AFCD for follow-up investigation.

Under the Protection of Endangered Species of Animals and Plants Ordinance, any person importing, exporting or possessing specimens of endangered species not in accordance with the Ordinance commits an offence and will be liable to a maximum fine of $10 million and imprisonment for 10 years upon conviction with the specimens forfeited.

Members of the public may report any suspected smuggling 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).

  

CE attends District Forum for Hong Kong’s First Five-Year Plan and 2026 Policy Address (with photos/video)

Source: Hong Kong Government special administrative region – 4

     The Chief Executive, Mr John Lee, today (August 2) led Principal Officials to attend a District Forum for Hong Kong’s First Five-Year Plan (Hong Kong’s Five-Year Plan) and the 2026 Policy Address to listen to views and suggestions from members of local communities on Hong Kong’s Five-Year Plan and the Chief Executive’s fifth Policy Address. The District Forum was held at South Tuen Mun Government Secondary School, with about 130 participants from different backgrounds.

     The two-hour District Forum consisted of two sessions. In the first session, Mr Lee and the Principal Officials listened to views expressed by members of the public, covering a wide range of topics including accelerating the Northern Metropolis development and advancing spatial planning in other areas; economy, finance and trade; innovation, technology and industry development; people’s livelihood and social development; development of regional co-operation; and integrated development of culture, sports and tourism, green living, and more. In the second session, participants were divided into four groups to engage in in-depth exchanges with Mr Lee and the Principal Officials, focusing on the two themes of “pursuing development and economic growth” and “improving people’s livelihood and building our future together”. Mr Lee interacted and discussed with participants of each group in turn and listened to their views.

     Mr Lee said, “The District Forum is an important platform for members of the public to express their views. My governing team and I attended the District Forum today to conduct in-depth exchanges with members of the public on Hong Kong’s Five-Year Plan and the Policy Address. We listened to views of the public on Hong Kong’s current and long-term economic and social development, which will help the Government formulate Hong Kong’s Five-Year Plan and the Policy Address, devise the overall development blueprint, and set priorities for key policy initiatives, with a view to bringing impetus to the economy, further enhancing the well-being of our people, as well as enabling the public to better benefit from government policies.”

     The Government launched the public consultations for Hong Kong’s Five-Year Plan and the Policy Address in June, and has held a number of consultation sessions over the past month to collect views from different sectors. Members of the public are welcome to continue submitting their views through various channels, including the dedicated websites for Hong Kong’s Five-Year Plan and the Policy Address, and by email.

                       

Red flags hoisted at Big Wave Bay Beach and Ting Kau Beach

Source: Hong Kong Government special administrative region

Red flags hoisted at Big Wave Bay Beach and Ting Kau Beach 
     Here is an item of interest to swimmers.
 
     The Leisure and Cultural Services Department announced today (August 1) that according to the Beach Water Quality Forecast System of the Environmental Protection Department (www.epd.gov.hk/epd/english/environmentinhk/water/beach_quality/forecast_system.htmlIssued at HKT 10:20

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LegCo Members visit Huanggang Port Building Hong Kong Port Area (with photos)

Source: Hong Kong Government special administrative region – 4

The following is issued on behalf of the Legislative Council Secretariat:

    ​The President of the Legislative Council (LegCo), Dr Starry Lee, together with members of the LegCo Panel on Security and other Members, conducted a visit to the Huanggang Port Building Hong Kong Port Area (the Hong Kong Port Area) today (August 1) to learn about the latest preparatory work prior to its opening, including facilities operations and clearance arrangements.

Accompanied by the Secretary for Security, Mr Tang Ping-keung, Members first received a briefing by representatives of the Security Bureau on the latest progress of the preparatory work for the Hong Kong Port Area, as well as the passenger clearance routes and facilities layout in the building. Members considered that the redevelopment of Huanggang Port is one of the key initiatives through which the Hong Kong Special Administrative Region (HKSAR) better integrates into and serves the overall development of the country, as well as a major livelihood project long-awaited by the public. In this regard, Members expressed their hope for early opening of the port.

The Hong Kong Port Area was established at the midnight of July 31 and is under the jurisdiction of the HKSAR in accordance with the laws of the HKSAR. Members noted that the redeveloped Huanggang Port will be positioned as the most important 24-hour passenger land boundary control point between Hong Kong and Shenzhen. Adopting the co-location arrangement and the novel “collaborative inspection and joint clearance” mode, the overall clearance time will be significantly reduced from 30 minutes to approximately 5 minutes, significantly enhancing the passenger clearance experience and efficiency.

Members then visited facilities of the Hong Kong Port Area, including the Public Transport Interchange, Passenger Clearance Hall, Vehicle Clearance Level and the Immigration Clearance Hall for On-board Passengers, to gain first-hand knowledge of various operational arrangements of the Hong Kong Port Area. Members received a briefing by representatives of the Immigration Department on the operation of the “collaborative inspection” automated channels at the Passenger Clearance Hall, noting that passengers will only need to queue up once for document inspection or “face scan” clearance for identity verification to complete the respective immigration procedures of the two places, simplifying the passenger clearance procedures.

Members also observed the “joint one-stop” vehicle lanes at the Vehicle Clearance Level, and were briefed by representatives of the Customs and Excise Department on the “five-party inspection” arrangement for vehicles and drivers. Members learned that drivers will have to complete clearance procedures with the collection of body temperature, travel document, facial features and fingerprint data in one go through the “integrated information collection device”. The relevant information will then be transmitted to five different customs, immigration and quarantine authorities of Hong Kong and Shenzhen for respective immigration inspections. This will significantly enhance clearance efficiency.

During the visit, Members exchanged views with government representatives on various issues, covering the public transport facilities connecting to the Hong Kong Port Area, preparatory tasks prior to its opening, including status of various tests and drill arrangements, as well as supervision of operations, with a view to ensuring smooth operations after the opening of the port in the future.

A total of 37 Members attended the visit. In addition to members of the Panel on Security, other non-members also attended.

                 

Survey on Small and Medium-Sized Enterprises’ Credit Conditions for Second Quarter 2026

Source: Hong Kong Government special administrative region

Survey on Small and Medium-Sized Enterprises’ Credit Conditions for Second Quarter 2026 
     The Hong Kong Monetary Authority (HKMA) published today (August 3) the results of the Survey on Small and Medium-Sized Enterprises (SMEs)’ Credit Conditions for the second quarter of 2026. According to the survey, SMEs’ credit conditions remained broadly stable.
      
     Regarding SMEs’ perception of banks’ credit approval stance relative to six months ago, excluding respondents who answered “no idea/don’t know”, 78 per cent perceived a “similar” or “easier” credit approval stance in the second quarter of 2026, up from 73 per cent in the previous quarter (Chart 1 in the Annex). 22 per cent perceived a “more difficult” credit approval stance, compared to 27 per cent in the previous quarter. The perception of a more difficult credit approval stance may not necessarily reflect actual difficulties faced by SMEs in obtaining bank credit as the perception could be affected by a number of factors, such as media/news reports, business conditions and opinions of relatives and friends.
      
     Among respondents with existing credit lines, 4 per cent reported a “tighter” banks’ stance, up from 0 per cent in the previous quarter (Chart 2 in the Annex). In this survey, a tighter stance on existing credit lines denotes a range of possible measures or arrangements, such as reducing unused and used credit lines, raising the interest rate, imposing additional collateral requirements, or shortening loan tenor. Therefore, respondents’ indication of banks’ stance on existing credit lines may not directly reflect banks’ supply of credit to SMEs.
      
     The survey also gauged the results of new credit applications from SMEs. 3 per cent of the respondents reported that they had applied for new bank credit during the second quarter of 2026. Among the respondents who had already known their application outcomes, 85 per cent reported fully or partially successful applications, down from 91 per cent in the previous quarter (Chart 3 in the Annex).
      
     Owing to small sample sizes of SMEs with existing credit lines (15 per cent of surveyed SMEs) and with new credit applications (3 per cent of surveyed SMEs) during the quarter, the results could be prone to large fluctuations, and hence should be interpreted with care.

About Survey on SMEs’ Credit Conditions
      
     In light of the importance of SMEs to the Hong Kong economy and concerns about potential funding difficulties facing SMEs over the past few years, the HKMA has appointed the Hong Kong Productivity Council (HKPC) to carry out this survey, starting from the third quarter of 2016. This survey is conducted on a quarterly basis, covering about 2 500 SMEs from different economic sectors each time. The results of this survey can help monitor the development of SMEs’ access to bank credit from a demand-side perspective.
      
     The results of this survey should be interpreted with caution. Similar to other opinion surveys, views collected in this survey may be affected by changes in sentiment due to idiosyncratic events that occurred over the survey period, which can make the results prone to fluctuations. Readers are advised to interpret the results together with other economic and financial information. In addition, views collected are limited to the expected direction of inter-quarter changes (e.g. “tighter”, “no change” or “easier”) without providing information about the magnitude of these changes.
      
     Detailed tables and technical information of this survey are published on the website of the HKPC (smecc.hkpc.orgIssued at HKT 16:30

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Incoming passenger convicted and jailed for possessing duty-not-paid cigarettes (2) (with photos)

Source: Hong Kong Government special administrative region – 4

An incoming Mainland male passenger was sentenced to six weeks’ imprisonment with a fine of $1,000 by the Fanling Magistrates’ Courts today (August 3) for possessing duty-not-paid cigarettes and failing to declare them to Customs officers, in contravention of the Dutiable Commodities Ordinance (DCO).

Customs officers intercepted the incoming 39-year-old Mainland male passenger at the Heung Yuen Wai Boundary Control Point on August 1 and seized 869 duty-not-paid cigarettes from him. The estimated market value of the seized cigarettes was about $3,900, and the duty potential was about $2,800. The passenger was subsequently arrested.

Customs welcomes the sentence, noting that even a first-time offender may still be imprisoned. The custodial sentence has imposed a considerable deterrent effect and reflects the seriousness of the offences. Members of the public should not defy the law.

Customs reminds members of the public that under the DCO, cigarettes are dutiable goods to which the DCO applies. Any person who imports, deals with, possesses, sells or buys illicit cigarettes commits an offence. The maximum penalty upon conviction is a fine of $2 million and imprisonment for seven years.

Members of the public may report any suspected illicit cigarette 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).

     

Approval for fourth round of applications under Labour Importation Scheme for Transport Sector – Aviation Industry completed

Source: Hong Kong Government special administrative region

Approval for fourth round of applications under Labour Importation Scheme for Transport Sector – Aviation Industry completed     ​
     Premised on safeguarding the employment of local labour, the Scheme was introduced in July 2023 to allow the aviation industry to suitably import labour with a view to relieving the acute manpower shortage and supporting the continual development of Hong Kong’s aviation industry.
Issued at HKT 18:00

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Eighth batch of Arts Development Fund for Persons with Disabilities open for applications today

Source: Hong Kong Government special administrative region

Eighth batch of Arts Development Fund for Persons with Disabilities open for applications today 
     The Government has endeavored to promote the participation of PWDs in recreational, sports and cultural arts activities, and provide them with appropriate activities and facilities. This aims to create opportunities for PWDs to develop their potential, enhance their quality of life and encourage their participation in group activities, promoting their full integration into the community.
 
     The Arts Fund provides funding support for two tiers of arts projects. Tier One projects focus on providing elementary and ongoing arts programmes that enhance the arts knowledge of PWDs, foster their interests in the arts, and develop their potential. Tier Two projects are large-scale, impactful and sustainable projects which assist individual PWDs with significant artistic potential in pursuing careers in performing, visual or creative arts, enabling them to strive for excellence.
 
     The eighth batch of the Arts Fund is open for applications starting today until September 30. Interested organisations may visit the SWD website (www.swd.gov.hk/en/pubsvc/rehab/cat_fundtrustfinaid/adfpd/Issued at HKT 11:00

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