Monetary Statistics for October 2025

Source: Hong Kong Government special administrative region – 4

The following is issued on behalf of the Hong Kong Monetary Authority:

According to statistics published today (November 28) by the Hong Kong Monetary Authority, total deposits with authorized institutions decreased by 0.4 per cent in October 2025. Among the total, Hong Kong dollar deposits and foreign currency deposits decreased by 0.9 per cent and 0.1 per cent respectively in October, mainly reflecting fund flows of corporates. In the year to end-October, total deposits and Hong Kong dollar deposits increased by 9.7 per cent and 3.1 per cent respectively. Renminbi deposits in Hong Kong decreased by 0.6 per cent in October to RMB996.2 billion at the end of October. The total remittance of renminbi for cross-border trade settlement amounted to RMB1,006.6 billion in October, compared with RMB1,123.2 billion in September. It should be noted that changes in deposits are affected by a wide range of factors, such as interest rate movements and fund-raising activities. It is therefore more appropriate to observe the longer-term trends, and not to over-generalise fluctuations in a single month.
 
Total loans and advances decreased by 0.7 per cent in October, while increased by 0.9 per cent in the year to end-October. Among the total, loans for use in Hong Kong (including trade finance) and loans for use outside Hong Kong decreased by 0.9 per cent and 0.2 per cent respectively in October. The Hong Kong dollar loan-to-deposit ratio remained virtually unchanged at 73.6 per cent at the end of October, as Hong Kong dollar loans and Hong Kong dollar deposits decreased at a similar pace.
 
Hong Kong dollar M2 and M3 both decreased by 0.6 per cent in October, while both increased by 3.5 per cent when compared to a year ago. The seasonally-adjusted Hong Kong dollar M1 increased by 1.7 per cent in October, and increased by 12.2 per cent compared to a year ago, reflecting in part investment-related activities. Total M2 and total M3 both decreased by 0.3 per cent in October. Compared to a year earlier, total M2 and total M3 both increased by 10.6 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. 

Government’s financial results for seven months ended October 31, 2025

Source: Hong Kong Government special administrative region

     The Government announced today (November 28) its financial results for the seven months ended October 31, 2025. 

     Expenditure and revenue from April to October 2025 amounted to HK$438.9 billion and HK$292.4 billion respectively, resulting in a deficit of HK$56.8 billion after taking into account HK$116.6 billion received from issuance of Government Bonds and repayment of HK$26.9 billion principal on Government Bonds.

     A Government spokesperson said that the deficit for the period was mainly due to the fact that some major types of revenue including salaries and profits taxes are mostly received towards the end of a financial year.

     The fiscal reserves stood at HK$597.5 billion as at October 31, 2025.

     Detailed figures are shown in Tables 1 and 2.

TABLE 1. CONSOLIDATED ACCOUNT (Note 1)
 

  Month ended
October 31, 2025
HK$ million
Seven months ended
October 31, 2025
HK$ million
Revenue 57,189.6 292,463.7
Expenditure (65,685.3) (438,915.0)
     
Deficit before issuance
and repayment of
Government Bonds
(8,495.7) (146,451.3)
     
Proceeds received from
issuance of
Government Bonds
55,000.0 116,555.8
     
Repayment of
Government Bonds*
(75.9) (26,875.0)
     
Surplus/(Deficit) after issuance
and repayment of
Government Bonds
46,428.4 (56,770.5)
     
Financing    
      Domestic    
          Banking Sector (Note 2) (46,384.4) 53,214.3
          Non-Banking Sector (44.0) 3,556.2
      External – –
                           
Total (46,428.4) 56,770.5
* Being repayment of principal on Government Bonds and does not include the associated interest and other expenses.

Government Debts as at October 31, 2025 (Note 3)
    HK$392,275 million
Debts Guaranteed by Government as at October 31, 2025 (Note 4)
    HK$115,706 million

TABLE 2. FISCAL RESERVES
 

  Month ended
October 31, 2025
HK$ million
Seven months ended
October 31, 2025
HK$ million
Fiscal Reserves at start of period 551,117.9 654,316.8
Consolidated Surplus/(Deficit) after
issuance and repayment of
Government Bonds
46,428.4 (56,770.5)
     
Fiscal Reserves at end of period
(Note 5)
597,546.3 597,546.3

Notes:

1. This Account consolidates the General Revenue Account and the following eight Funds: Capital Works Reserve Fund, Capital Investment Fund, Civil Service Pension Reserve Fund, Disaster Relief Fund, Innovation and Technology Fund, Land Fund, Loan Fund and Lotteries Fund. It excludes the Bond Fund, the balance of which is not part of the fiscal reserves. The Bond Fund balance as at October 31, 2025, was HK$170,157 million.

2. Includes transactions with the Exchange Fund and resident banks.

3. The Government Debts, with proceeds credited to the Capital Works Reserve Fund, comprise:
 
(i) the Green Bonds (equivalent to HK$192,217 million as at October 31, 2025) issued under the Government Sustainable Bond Programme. They were denominated in US dollars (US$10,950 million with maturity from January 2026 to January 2053), euros (5,580 million euros with maturity from February 2026 to November 2041), Renminbi (RMB32,000 million with maturity from February 2026 to July 2054) and Hong Kong dollars (HK$22,000 million with maturity from February 2026 to October 2026);
 
(ii) the Infrastructure Bonds (equivalent to HK$90,623 million as at October 31, 2025) issued under the Infrastructure Bond Programme. They were denominated in Renminbi (RMB31,250 million with maturity from December 2025 to June 2055) and Hong Kong dollars (HK$56,480 million with maturity from November 2025 to June 2055); and
 
(iii) the Silver Bonds with nominal value of HK$109,435 million (with maturity in October 2027 and October 2028 and may be redeemed before maturity upon request from bond holders) issued under the Infrastructure Bond Programme.
 
     They do not include the outstanding bonds with nominal value of HK$124,262 million and alternative bonds with nominal value of US$1,000 million (equivalent to HK$7,770 million as at October 31, 2025) issued under the Government Bond Programme with proceeds credited to the Bond Fund. Of these bonds under the Government Bond Programme (including Silver Bonds with nominal value of HK$53,762 million, which may be redeemed before maturity upon request from bond holders), bonds with nominal value of HK$77,162 million will mature within the period from November 2025 to October 2026, and the rest within the period from November 2026 to May 2042.
 
4. Includes guarantees provided under the SME Loan Guarantee Scheme launched in 2001, the Special Loan Guarantee Scheme launched in 2008, the SME Financing Guarantee Scheme launched in 2012, and the Loan Guarantee Scheme for Cross-boundary Passenger Transport Trade, the Loan Guarantee Scheme for Battery Electric Taxis and the Loan Guarantee Scheme for Travel Sector launched in 2023.

5. Includes HK$249,817 million, being the balance of the Land Fund held in the name of “Future Fund”, for long-term investments up to December 31, 2030. The Future Fund also includes HK$4,800 million, being one-third of the actual surplus in 2015-16 as top-up.

Record of discussion of meeting of Exchange Fund Advisory Committee Currency Board Sub-Committee held on October 20

Source: Hong Kong Government special administrative region – 4

The following is issued on behalf of the Hong Kong Monetary Authority:

(Approved for issue by the Exchange Fund Advisory Committee by circulation)

Report on Currency Board Operations (June 21 – October 8, 2025)
—————————————————————————

The Currency Board Sub-Committee (Sub-Committee) noted that the Hong Kong dollar (HKD) traded within a range of 7.7705 – 7.8500 against the US dollar (USD) during the review period. The HKD stayed close to the weak-side Convertibility Undertaking (CU) between mid-June and mid-August, and the weak-side CU was triggered 12 times during the review period. With the HKMA buying HK$119.95 billion under the weak-side CU, the Aggregate Balance fell correspondingly to around HK$54 billion. Since mid-August, the HKD had strengthened as short-term HKD interbank rates (HIBORs) firmed and net buying flows through Southbound Stock Connect continued. While HIBORs generally tracked their USD counterparts under the Linked Exchange Rate System, they were also influenced by the local supply and demand of HKD funding. Amid the reduction in the Aggregate Balance, HIBORs picked up since mid-August and the negative HKD-USD interest rate spread narrowed. Meanwhile, following the decrease in the target range for the US federal funds rate in mid-September, many banks reduced their Best Lending Rates by 12.5 basis points, and the Best Lending Rates in the market ranged from 5.125 per cent – 5.625 per cent at the end of the review period. No abnormality was noted in the usage of the Discount Window. Overall, the HKD exchange and interbank markets continued to trade in a smooth and orderly manner.

The Sub-Committee noted that the Monetary Base decreased to HK$2,020.69 billion at the end of the review period. In accordance with the Currency Board principles, all changes in the Monetary Base had been fully matched by changes in foreign reserves.

The Report on Currency Board Operations for the review period is at Annex.

Monitoring of Risks and Vulnerabilities
——————————————-
The Sub-Committee noted that the US economy showed signs of softening amid higher tariffs, with inflation rising on the one hand and labour demand losing momentum on the other. Meanwhile, market concerns over fiscal and policy developments had affected long-term US Treasury bond yields. The recent US government shutdown added further uncertainty to the US economic outlook. While Asia recorded resilient growth in the first half of 2025, lingering trade policy uncertainty and the potential effects of direct and indirect US tariffs on the broader region would continue to weigh on Asia’s integrated supply chain networks.

The Sub-Committee noted that in the Chinese Mainland, growth momentum moderated in Q3. The near-term economic outlook was clouded by various uncertainties and risks, such as additional tariffs and their repercussions on global trade, as well as renewed softness in the local housing market.

The Sub-Committee noted that in Hong Kong, the economy maintained solid growth in Q2 on the back of strong exports performance and improved domestic demand. Looking ahead, the Hong Kong economy was expected to sustain moderate growth, driven by various factors such as government support, the Mainland’s economic stimulus measures, and stabilising asset markets. The housing market stabilised further alongside strengthened market sentiment, whereas the commercial real estate markets continued to face challenges of high vacancy rates.

Updates on Interbank Liquidity and Interbank Interest Rates
——————————————————————–

The Sub-Committee received an update on the relationship between HKD interbank liquidity and interbank interest rates, incorporating recent market observations and insights.

Residential Mortgage Survey Results for October 2025

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 announced the results of the residential mortgage survey for October 2025.
 
The number of mortgage applications in October decreased month-on-month by 0.7 per cent to 8 255.  
 
Mortgage loans approved in October were HK$31.3 billion, broadly unchanged compared with September.  Among these, mortgage loans financing primary market transactions decreased by 2.1 per cent to HK$12.4 billion and those financing secondary market transactions increased by 3.4 per cent to HK$16 billion.  Mortgage loans for refinancing decreased by 8.4 per cent to HK$3 billion. 
 
Mortgage loans drawn down during October decreased by 3.5 per cent compared with September to HK$20.1 billion. 
 
The ratio of new mortgage loans priced with reference to HIBOR decreased from 92.6 per cent in September to 91.9 per cent in October. The ratio of new mortgage loans priced with reference to best lending rates decreased from 1.5 per cent in September to 1.3 per cent in October.
 
The outstanding value of mortgage loans increased month-on-month by 0.8 per cent to HK$1,907.4 billion at end-October. 
 
The mortgage delinquency ratio stood at a low level of 0.13 per cent and the rescheduled loan ratio was unchanged at nearly 0 per cent.

Tender of 1-year RMB HKSAR Institutional Government Bonds to be held on December 4

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 (November 28) that a tender of 1-year RMB Institutional Government Bonds (Bonds) under the Infrastructure Bond Programme will be held on December 4, 2025 (Thursday), for settlement on December 8, 2025 (Monday).
 
A total of RMB1.0 billion 1-year RMB Bonds will be tendered. The Bonds will mature on December 8, 2026 and will carry interest at the rate of 1.60 per cent per annum payable semi-annually in arrear.
 
Tender is open only to Primary Dealers appointed under the Infrastructure Bond Programme. Anyone wishing to apply for the Bonds 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 RMB50,000 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 RMB HKSAR Institutional Government Bonds:
 

Issue Number : 01GB2612001
Stock Code : 85100 (HKGB1.60 2612-R)
Tender Date and Time : December 4, 2025 (Thursday)
9.30am to 10.30am
Issue and Settlement Date : December 8, 2025 (Monday)
Amount on Offer : RMB1.0 billion
Maturity : 1 year
Maturity Date : December 8, 2026 (Tuesday)
Interest Rate : 1.60 per cent p.a. payable semi-annually in arrear
Interest Payment Dates : June 8 and December 8 in each year, commencing on the Issue Date up to and including the Maturity Date, subject to adjustment in accordance with the terms of 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.
Method of Tender : Competitive tender
Tender Amount : Each competitive tender must be for an amount of RMB50,000 or integral multiples thereof. Any tender applications for the Bonds 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
: December 9, 2025 (Tuesday)
Use of Proceeds : The Bonds 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.

Tender for re-opening of 5-year RMB HKSAR Institutional Government Bonds to be held on December 4

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 (November 28) that a tender of 5-year RMB institutional Government Bonds (Bonds) through the re-opening of existing 5-year Government Bond issue 05GB3005001 under the Infrastructure Bond Programme will be held on December 4, 2025 (Thursday), for settlement on December 8, 2025 (Monday).

An additional amount of RMB1.0 billion of the outstanding 5-year Bonds (issue no. 05GB3005001) will be on offer. The Bonds will mature on May 15, 2030, and will carry interest at the rate of 1.97 per cent per annum payable semi-annually in arrear. The Indicative Pricings of the Bonds on November 28, 2025, are 100.42 with a semi-annualised yield of 1.873 per cent.

Tender is open only to Primary Dealers appointed under the Infrastructure Bond Programme. Anyone wishing to apply for the Bonds 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 RMB50,000 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 5-year RMB HKSAR Institutional Government Bonds:
 

Issue Number : 05GB3005001
Stock Code : 85023 (HKGB1.97 3005-R)
Tender Date and Time : December 4, 2025 (Thursday)
9.30am to 10.30am
Issue and Settlement Date : December 8, 2025 (Monday)
Amount on Offer : RMB1.0 billion
Maturity : 5 years
Remaining maturity : Approximately 4.4 years
Maturity Date : May 15, 2030 (Wednesday)
Interest Rate : 1.97 per cent p.a. payable semi-annually in arrear
Interest Payment Dates : May 15 and November 15 in each year, commencing on the Issue Date up to and including the Maturity Date, subject to adjustment in accordance with the terms of 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.
Method of Tender : Competitive tender
Tender Amount : Each competitive tender must be for an amount of RMB50,000 or integral multiples thereof. Any tender applications for the Bonds must be submitted through a Primary Dealer on the latest published list.

The accrued interest to be paid by successful bidders on the issue date (December 8, 2025) for the tender amount is RMB56.67 per minimum denomination of RMB50,000.

(The accrued interest to be paid for tender amount exceeding RMB50,000 may not be exactly equal to the figures calculated from the accrued interest per minimum denomination of RMB50,000 due to rounding).

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
: The tender amount is fully fungible with the existing 05GB3005001 (Stock code: 85023) listed on the Stock Exchange of Hong Kong.
Use of Proceeds : The Bonds 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.

Import of poultry meat and products from District of Anhalt-Bitterfeld of State of Sachsen-Anhalt in Germany suspended

Source: Hong Kong Government special administrative region – 4

     The Centre for Food Safety (CFS) of the Food and Environmental Hygiene Department announced today (November 28) that in view of a notification from the World Organisation for Animal Health (WOAH) about an outbreak of highly pathogenic H5N1 avian influenza in the District of Anhalt-Bitterfeld of the State of Sachsen-Anhalt in Germany, the CFS has instructed the trade to suspend the import of poultry meat and products, including poultry eggs, from the area with immediate effect to protect public health in Hong Kong.

     A CFS spokesman said that according to the Census and Statistics Department, Hong Kong imported about 60 tonnes of frozen poultry meat from Germany in the first nine months of this year.

     “The CFS has contacted the German authority over the issue and will closely monitor information issued by the WOAH and the relevant authorities on the avian influenza outbreak. Appropriate action will be taken in response to the development of the situation,” the spokesman said.

Support provided for Tai Po schools

Source: Hong Kong Information Services

To support schools and students to cope with the impact of the No. 5 alarm fire in Tai Po, the Education Bureau today said that it will provide a Special Incident Assistance Grant of $100,000 to each primary and secondary school (including special schools) and $50,000 to each kindergarten in the district.

Schools may flexibly deploy the grant to give students, teachers and parents appropriate assistance, which includes providing psychological counselling services and purchasing learning-related items for affected students.

In addition, the Jockey Club, with the assistance of schools, will offer $5,000 to each affected student through the Jockey Club Emergency Relief Fund to address their immediate learning needs.

The bureau will hold five online seminars in Chinese on psychological support for special incidents tomorrow and on Sunday for teachers and parents.

The seminars aim to assist school personnel and parents in taking care of students/children with traumatic experiences. Speakers include a psychiatrist, a psychologist and a social worker.

If any school premises have been damaged due to the fire, the bureau will provide repair services through emergency repair works as soon as possible to ensure its safety.

The bureau added that its educational psychologists and District School Development Sections officers will continue to maintain close contact with the schools and provide necessary assistance.

Oct mortgage loans unchanged

Source: Hong Kong Information Services

The value of residential mortgage loans approved in October was $31.3 billion, broadly unchanged compared with September, the Monetary Authority announced today.

Among these, mortgage loans financing primary market transactions decreased 2.1% to $12.4 billion, while those financing secondary market transactions increased 3.4% to $16 billion.

Loans for refinancing fell 8.4% to $3 billion.

Mortgage loans drawn down during October amounted to $20.1 billion, a 3.5% drop from September.

The number of mortgage applications in October dipped 0.7% to 8,255.

The outstanding value of mortgage loans increased 0.8% month-on-month to $1.9074 trillion at end-October.

Govt actively advances fire response

Source: Hong Kong Information Services

In view of the fire at Wang Fuk Court in Tai Po that has caused multiple casualties, the Chief Executive convened another meeting today to co-ordinate all policy bureaus and departments, actively advancing the response efforts in four key areas: extinguishing the fire and rescuing trapped residents; treating the injured; providing post-incident support; and conducting a comprehensive investigation.

Among the eight buildings in Wang Fuk Court, the fires in seven affected blocks are largely under control. The Fire Services Department (FSD) is continuing its full effort in completing the search and rescue and firefighting operations on the remaining floors. During the blaze, the department received 346 requests for assistance and handled 296 of them.

The Primary Healthcare Commission co-ordinated professionals from the public and private medical sectors to set up medical stations at all temporary shelters. The medical stations provide medical assistance for residents in need from 8am to 8pm daily, assisting in managing non-emergency medical needs.

As for post-incident support, the Chief Executive has instructed the Civil Service Bureau to activate the “Government-wide Mobilisation” mechanism to ensure sufficient manpower for all necessary follow-up actions. All government-organised celebratory events will be cancelled or postponed, and officials will reduce attendance at non-essential public activities so as to focus on relief and recovery efforts.

The Government will arrange memorial activities, including flying flags at half-mast at government buildings, holding memorial services and setting up condolence books for the public.

To meet the short to medium-term accommodation needs of affected residents, the Government has opened nine shelters, which are currently being used by over 500 residents.

The Home & Youth Affairs Bureau has liaised with youth hostels and hotels, which will provide around 1,000 units for affected residents to stay in immediately for one to two weeks. Resources are being co-ordinated for transitional housing and dedicated rehousing units from the Housing Society, with an estimated 1,800 units to be made available later to meet the residents’ needs.

In addition, the Social Welfare Department has mobilised social workers, clinical psychologists and support staff to provide “one social worker per household” assistance, including emotional support, financial assistance, and residential care and occasional child care services. The department will closely liaise with relevant departments to offer necessary assistance to those affected.

The Education Bureau has immediately contacted the school heads associations in Tai Po and schools near Wang Fuk Court to co-ordinate class suspension arrangements for the affected schools. It has also deployed staff to give emotional support to students at the temporary shelters.

Starting tonight, the Government will provide an emergency subsidy of $10,000 to each affected household as immediate relief. It has concurrently established the “Support Fund for Wang Fuk Court in Tai Po”, allocating $300 million as start-up capital to assist residents and support all relevant work.

The fund started to accept donations at 7pm. Its designated bank accounts at the Bank of China (Hong Kong) are: Hong Kong dollar donation account 012-875-2-190159-7 and foreign-currency donation account 012-875-2-190160-7.

As for funeral arrangements for the deceased, if affected residents require cremation services or columbarium niches, the Food & Environmental Hygiene Department will make special arrangements and provide full support.

Police have arrested two male directors and a male engineering consultant of a construction company, and seized for further inspection the materials at the scene that may not have met regulatory standards. Once the fire is extinguished and on-site safety is confirmed, Police will co-ordinate with the FSD to gather evidence and conduct a thorough investigation to ascertain the cause of the blaze.

Separately, the Buildings Department (BD) and the Housing Bureau’s Independent Checking Unit have issued a letter to all registered building professionals and registered contractors, requiring them to review relevant records or test certificates relating to fire retardant properties of the protective nets and the like used in scaffolds for ongoing projects.

The letter recipients must submit a report to the BD within seven days, after which the department will conduct audit checks. At the same time, the Architectural Services Department (ArchSD) has required contractors of building projects under public works contracts to review and submit the aforesaid information within seven days. The ArchSD will also conduct audit checks.

Additionally, the BD has launched a special operation to inspect all buildings that are undergoing external wall renovations with scaffolding and protective nets. It will proactively check the records or test certificates relating to fire retardant properties of the protective nets and the like used in scaffolds, and collect samples for testing.

The registered contractor responsible for the maintenance works at Wang Fuk Court is currently involved in 11 other private residential building projects. The BD has inspected the relevant sites and will take appropriate follow-up action.

The Development Bureau has discussed with the industry the roadmap for advancing the replacement of bamboo scaffolding with metal scaffolding. The bureau also requested the industry’s co-operation with the inspection and audit checks. The BD will review the relevant requirements, guidelines and legislation regulating the erection of scaffolding, be they metal or bamboo, and associated protective nets, and will consider if there is a need for strengthening or enhancement.

As at 8pm today, the No. 5 alarm fire in Tai Po has resulted in 65 deaths and 77 injuries, including one fireman among the deceased.

To better co-ordinate follow-up action, the Government has established three working groups to take forward the relevant work: an inspection and regulatory working group led by the Chief Secretary, an emergency assistance and fundraising group led by the Deputy Chief Secretary and an emergency residential arrangement working group led by the Deputy Financial Secretary.