Category: MIL-OSI

“HA Risk Alert” latest issue published      
     In the first quarter of 2026 (January to March), there were seven sentinel events reported, comprising three cases of retained instruments/material after surgery/interventional procedure, three cases of surgery/interventional procedure involving the wrong body part and one case of inpatient suicide. In addition, there were 26 reported serious untoward events related to medication errors.
      
     “Subsequent to the incident reviews and analyses of the root causes of these incidents, important lessons for patient safety have been identified, while recommendations are made and shared in this publication to avoid similar events in the future,” the HA spokesperson said.
      
     The HA Head Office has released the latest “HA Risk Alert” to all staff. It can also be accessed by the public at www.ha.org.hk/riskalertIssued at HKT 16:00

Appointments to Advisory Committee of Accounting and Financial Reporting Council announced     
Chairman
———–
Dr David Sun Tak-kei (Chairman of the AFRC)——————————————————
Mr Clement Chan Kam-wing*
Ms Ivy Cheung Wing-han*
Mr Stephen Fung Sing-hong*
Ms Janey Lai Chui-pik (Chief Executive Officer of the AFRC)
Mr Edward Lau Fu-keung*
Ms Elizabeth Law*
Mr Patrick Law Fu-yuen*
Ms Doris Lian Shaodong*
Dr Webster Ng Kam-wah*
Dr Christopher To Wing*
Ms Flora Wang Fang*
Mr Edmund Wong Chun-sek*
Ms Daisy Yeung*     ​
     The Advisory Committee was established on August 1, 2022 to advise the AFRC on matters of policy regarding any of the AFRC’s objectives and functions under the new regulatory regime of the accounting profession. It comprises the AFRC Chairperson and Chief Executive Officer, as well as government-appointed members who are practitioners, service users and other stakeholders of the accounting profession. The government-appointed members are empowered to second nominations of candidates in the Council elections of the Hong Kong Institute of Certified Public Accountants.
Issued at HKT 16:00

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Monetary Statistics for June 2026      
     Total loans and advances increased by 1.3 per cent in June, and increased by 6.4 per cent in the first half of 2026. Among the total, loans for use in Hong Kong (including trade finance) and loans for use outside Hong Kong increased by 1.4 per cent and 1.0 per cent respectively in June. The Hong Kong dollar loan-to-deposit ratio increased to 71.5 per cent at the end of June from 71.0 per cent at the end of May, as Hong Kong dollar loans increased at a faster pace than Hong Kong dollar deposits.
      
     For the second quarter of 2026 as a whole, loans for use in Hong Kong (including trade finance) increased by 3.0 per cent after increasing by 3.0 per cent in the previous quarter. Analysed by economic use, the increase in loans during the second quarter was mainly led by loans to financial concerns and loans to manufacturing.
      
     Hong Kong dollar M2 and M3 both increased by 0.8 per cent in June, and both increased by 2.6 per cent when compared to a year ago. The seasonally-adjusted Hong Kong dollar M1 decreased by 1.0 per cent in June, and decreased by 3.0 per cent compared to a year ago, reflecting in part investment-related activities. Total M2 and total M3 both increased by 0.1 per cent in June. Compared to a year earlier, total M2 and total M3 both increased by 9.2 per cent.  
      
     As monthly monetary statistics are subject to volatilities due to a wide range of transient factors, such as seasonal funding demand as well as business and investment-related activities, caution is required when interpreting the statistics.
Issued at HKT 16:30

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Government reappoints members to Air Transport Licensing AuthorityMr Victor Dawes, SCMr Chan Chi-kin
Professor Fong Yuk-fai
Ms Fung Po-yee
Ms Jasmine Lee Shun-yi
Mr Alan Lui Siu-lun
Mr Suen Jenkin, SC
Miss Sara Tong See-pui, SC
Ms Avon Yue Nga-fong
Issued at HKT 17:00

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47 landlords of subdivided units under regulated tenancies convicted of contravening relevant statutory requirements 
     The offences of these 47 landlords include (1) failing to submit a Notice of Tenancy (Form AR2) to the Commissioner of Rating and Valuation within 60 days after the term of the regulated tenancy commenced; (2) failing to produce copies of the bills and provide an account in writing when requiring the tenant to pay for the reimbursement of the apportioned water and/or electricity charges; (3) requiring the tenant to pay for the reimbursement of the apportioned water and/or electricity charges at a sum exceeding the apportioned amount as shown in the relevant account in writing; (4) failing to provide the tenant with a rent receipt; and (5) requesting the tenant to pay money other than the types permitted under the Ordinance (including requiring the tenant to pay an amount of rent for the second-term tenancy exceeding the maximum amount of rent permitted under the Ordinance).

     The RVD earlier discovered that the landlords failed to comply with the relevant requirements under the Ordinance. Upon a comprehensive investigation and evidence collection, the RVD prosecuted the landlords.
 
     A spokesman for the RVD reiterated that SDU landlords must comply with the relevant requirements under the Ordinance, including prohibiting landlords from doing any act calculated to interfere with the peace or comfort of members of the tenant’s household, with the intention of causing the tenant to give up occupation of the SDU; or requiring the tenant to pay an amount of rent for the second-term tenancy exceeding the maximum amount of rent permitted under the Ordinance, and also reminded tenants of their rights under the Ordinance, including a four-year (i.e. two years plus two years) security of tenure. He also stressed that the RVD will continue to take resolute enforcement action against any contraventions of the Ordinance. Apart from following up on reported cases, the RVD has been adopting a multipronged approach to proactively identify, investigate and follow up on cases concerning landlords who are suspected of contravening the Ordinance. In particular, the RVD has been requiring landlords of regulated tenancies to provide information and reference documents of their tenancies for checking whether they have complied with the requirements of the Ordinance. If a landlord, without reasonable excuse, refuses to provide the relevant information or neglects the RVD’s request, the landlord commits an offence and is liable to a maximum fine at level 3 ($10,000) and to imprisonment for three months. Depending on the actual circumstances, and having regard to the information and evidence collected, the RVD will take appropriate actions on individual cases, including instigating prosecution against suspected contraventions of the Ordinance. In addition, the RVD has started a new round of publicity and education work to enhance public awareness about the key offences and penalties, emphasising that the RVD proactively checks whether landlords have committed the offences under the Ordinance.  
     The RVD reminds that pursuant to the Ordinance, a regulated cycle of regulated tenancies is to comprise two consecutive regulated tenancies (i.e. the first-term tenancy and second-term tenancy) for an SDU, and the term of each regulated tenancy is two years. A tenant of a first-term tenancy for an SDU is entitled to be granted a second-term tenancy of the regulated cycle, thus enjoying a total of four years of security of tenure. The RVD has been issuing letters enclosing relevant information to the landlords and tenants concerned of regulated tenancies in batches, according to the expiry time of their first-term tenancies, to assist them in understanding the important matters pertaining to the second-term tenancy, and to remind them about the procedures that need to be followed about two months prior to the commencement of the purported second-term tenancy as well as their respective obligations and rights under the Ordinance. These landlords and tenants may also visit the dedicated page for the second-term tenancy on the RVD’s website (www.rvd.gov.hk/en/tenancy_matters/second_term_tenancy.html 
     For enquiries related to regulated tenancies, please call the telephone hotline (2150 8303) or visit the RVD’s webpage (www.rvd.gov.hk/en/our_services/part_iva.htmlIssued at HKT 16:00

Government’s financial results for three months ended June 30, 2026 
TABLE 1. CONSOLIDATED ACCOUNT (Note 1)