Source: Hong Kong Government special administrative region
Results of 3-year RMB HKSAR Institutional Government Bonds tender through re-opening
A total of RMB1.0 billion 3-year Government Bonds were offered today. A total of RMB7.520 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 7.52. The average price accepted is 103.02, implying an annualised yield of 1.454 per cent.
HKSAR Institutional Government Bonds Tender Results
Tender results of 3-year RMB HKSAR Institutional Government Bonds:
| Tender DateIssued at HKT 19:00
NNNN SHYA visits Hunan to attend closing ceremony of Youth Internship Programme at Hunan on Media IndustrySource: Hong Kong Government special administrative region – 4 The Secretary for Home and Youth Affairs, Miss Alice Mak, attended the closing ceremony of the Youth Internship Programme at Hunan on Media Industry (the Programme) under the HYAB (Home and Youth Affairs Bureau) Thematic Youth Internship Programmes to the Mainland in Hunan today (July 23). She encouraged the Hong Kong youth interns to gain an in-depth understanding of the Mainland’s media landscape, industry operations and development trends through the Programme. Hong Kong films shine at two film festivals in SpainSource: Hong Kong Government special administrative region – 4 The Hong Kong Economic and Trade Office in Brussels (Brussels ETO) supported two film festivals in Spain in July 2026, namely the Asian Summer Film Festival, held in Vic from July 14 to 19 (Vic time), and the Cines del Sur International Film Festival, held in Granada from July 17 to 25 (Granada time). Mainland resident jailed for conspiracy to transfer forged identity card and conspiracy to make false instrumentSource: Hong Kong Government special administrative region – 4 A 54-year-old Mainland female resident, charged with two counts of conspiracy to transfer a forged identity card and one count of conspiracy to make a false instrument, was convicted and sentenced to 32 months’ imprisonment by the District Court today (July 23). During a follow-up investigation into cases involving multiple Mainland residents suspected of using forged Hong Kong identity cards for illegal employment in Hong Kong by the Immigration Department (ImmD), it was suspected that the defendant, acting as a middleman, arranged illegal employment and provided forged Hong Kong identity cards. Through comprehensive investigation and intelligence analysis, investigators arrested the defendant and photos of forged Hong Kong identity cards were found in the defendant’s mobile phone. The defendant admitted under caution that she had used social media platforms to solicit multiple Mainland residents to take up illegal employment in Hong Kong since 2024, and provided one-stop service that included providing forged Hong Kong identity cards and arranging accommodation for them in Hong Kong. The defendant charged each Mainland resident an intermediary fee ranging from several thousand Renminbi (RMB) to RMB10,000. The defendant was subsequently charged with two counts of conspiracy to transfer a forged identity card and one count of conspiracy to make a false instrument. After trial, the defendant was convicted and sentenced to 32 months’ imprisonment today. Using the same tactic, the defendant provided a forged Hong Kong identity card and arranged another Mainland resident for illegal employment in Hong Kong earlier. In November 2024, the defendant was convicted of offences including transferring a forged identity card and sentenced to 10 months’ imprisonment by the Shatin Magistrates’ Courts. Three illegal workers in the case were previously convicted of offences including breach of condition of stay, possession of false instruments, and possession of forged identity cards, and sentenced to 12 to 14 months’ imprisonment. An investigation into the suspected employers is ongoing, and the possibility of further arrests is not ruled out. The ImmD spokesman said, “under the laws of Hong Kong, anyone who uses or possesses a forged identity card commits an offence. Offenders are liable to prosecution and, upon conviction, a maximum penalty of a fine of $100,000 and 10 years’ imprisonment. Any person who without lawful authority or reasonable excuse transfers to another person an identity card commits an offence. Offenders are liable to prosecution and, upon conviction, a maximum penalty of a fine of $100,000 and 10 years’ imprisonment. Furthermore, it is an offence to make, possess or use false instruments. Upon conviction, offenders are liable to a maximum penalty of 14 years’ imprisonment.” The spokesman warned, “Any person who contravenes a condition of stay in force in respect of him or her shall be guilty of an offence. Also, visitors are not allowed to take employment in Hong Kong, whether paid or unpaid, without the permission of the Director of Immigration. Offenders are liable to prosecution and upon conviction face a maximum fine of $50,000 and up to two years’ imprisonment. Aiders and abettors are also liable to prosecution and penalties.” The spokesman stressed, “As stipulated in section 38AA of the Immigration Ordinance, an illegal immigrant, a person who is the subject of a removal order or a deportation order, an overstayer or a person who was refused permission to land is prohibited from taking any employment, whether paid or unpaid, or establishing or joining any business. Offenders are liable upon conviction to a maximum fine of $50,000 and up to three years’ imprisonment. The spokesman reiterated that it is a serious offence to employ people who are not lawfully employable. Under the Immigration Ordinance, the maximum penalty for an employer employing a person who is not lawfully employable, i.e. an illegal immigrant, a person who is the subject of a removal order or a deportation order, an overstayer or a person who was refused permission to land, has been significantly increased from a fine of $350,000 and three years’ imprisonment to a fine of $500,000 and 10 years’ imprisonment to reflect the gravity of such offences. The director, manager, secretary, partner, etc, of the company concerned may also bear criminal liability. The High Court has laid down sentencing guidelines stating that the employer of an illegal worker should be given an immediate custodial sentence. According to the court sentencing, employers must take all practicable steps to determine whether a person is lawfully employable prior to employment. Apart from inspecting a prospective employee’s identity card, the employer has the explicit duty to make enquiries regarding the person and ensure that the answers would not cast any reasonable doubt concerning the lawful employability of the person. The court will not accept failure to do so as a defence in proceedings. It is also an offence if an employer fails to inspect the job seeker’s valid travel document if the job seeker does not have a Hong Kong permanent identity card. Offenders are liable upon conviction to a maximum fine of $150,000 and to imprisonment for one year. In this connection, the spokesman would like to remind all employers not to defy the law by employing illegal workers. The ImmD will continue to take resolute enforcement action to combat such offences. Under the existing mechanism, the ImmD will, as a standard procedure, conduct an initial screening of vulnerable persons, including illegal workers, illegal immigrants, sex workers and foreign domestic helpers, who are arrested during any operation, with a view to ascertaining whether they are trafficking in persons (TIP) and/or forced labour victims. When any TIP and/or forced labour indicator is revealed in the initial screening, the ImmD officers will conduct a full debriefing and identification by using a standardised checklist to ascertain the presence of TIP and/or forced labour elements. Identified TIP and/or forced labour victims will be provided with various forms of support and assistance, including urgent intervention, medical services, counselling, shelter or temporary accommodation and other supporting services. The ImmD calls on TIP and/or forced labour victims to report crimes to the relevant departments immediately. For reporting illegal employment activities, please call the dedicated hotline 185 185, fax at 2824 1166, email anti_crime@immd.gov.hk, or submit the “Online Reporting of Immigration Offences” form at www.immd.gov.hk. DH clamps down on illegal sale of alternative smoking productsSource: Hong Kong Government special administrative region DH clamps down on illegal sale of alternative smoking products (with photo) NNNN Outcome of 2026 rent review for public rental housingSource: Hong Kong Government special administrative region Outcome of 2026 rent review for public rental housing NNNN SITI attends APEC Digital and AI Ministerial Meeting in ChengduSource: Hong Kong Government special administrative region The Secretary for Innovation, Technology and Industry, Professor Sun Dong, attended the Asia-Pacific Economic Cooperation (APEC) Digital and AI Ministerial Meeting (DMM) and other Digital Weeks high-level events in Chengdu today (July 23). Under this year’s theme “Digital and AI Technologies for Empowerment of the Asia-Pacific Community”, Professor Sun called for APEC’s concerted efforts to advance digital and AI technologies and their sustainable development across the Asia-Pacific community, and build a human-centric and inclusive digital society. In his speech at the thematic session “Enhancing Digital and AI Technologies for Development”, Professor Sun said that the Hong Kong Special Administrative Region (HKSAR) Government has identified AI as a core industry and is advancing the “AI+” initiative to support the high-quality development for both the nation and Hong Kong. Hong Kong has developed an innovation and technology (I&T) ecosystem anchored by three major I&T parks and five key research and development (R&D) institutions. Through the InnoHK research clusters, Hong Kong stands ready to work with global partners to build a global innovation powerhouse. Hong Kong has also put in place substantial policy and financial support measures, including three $10 billion funding schemes and the Digital Transformation Support Pilot Programme, to accelerate R&D commercialisation and new industrialisation, and while enabling small and medium-sized enterprises to upgrade and transform. Fully driverless trial given go-aheadSource: Hong Kong Information Services The Transport Department today approved the expansion of an autonomous vehicle (AV) trial in North Lantau, with fully driverless tests on Airport Island being given the green light. In February, the department approved AV trial routes on Airport Island, with monitoring to be conducted at a remote control centre and by backup drivers inside the vehicles. Commissioner for Transport Winnie Tse told at a media session this morning that these trials have so far met requirements regarding safety, stability, accuracy and smoothness of operation. Having examined the test reports and conducted multiple site inspections, she said, the department is satisfied with the AVs’ safety performance to date. During the trials, clear labels must be displayed on all pilot AVs for identification by other road users. Additional labels on a vehicle’s body will indicate that a fully driverless test is in progress. The department said interested organisations or enterprises are welcome to submit applications for an AV pilot licence. MOFA response to EU FAC report expressing concern over Taiwan Strait security and China’s attempts to reshape global orderSource: Republic of China Taiwan MOFA response to EU FAC report expressing concern over Taiwan Strait security and China’s attempts to reshape global order Date:2026-07-18 July 18, 2026 Minister of Foreign Affairs Lin Chia-lung welcomes and affirms the report Common Understanding—The Threats and Challenges We Face: Assessment of the EU’s Strategic Environment, adopted by the Foreign Affairs Council of the European Union on July 13. The document points out that China’s increasingly assertive behavior in the South and East China Seas and across the Taiwan Strait could have a growing impact on European and Indo-Pacific security, stability, and prosperity. It also highlights that change of status quo around the Taiwan Strait would have a profound impact on global security, and underlines that the security of the Indo-Pacific and of Europe are more interlinked than ever. The report identifies China as a key enabler of Russia’s aggression against Ukraine. It notes that at the center of the transformation of the international order lies the determination of some powers, led by Russia and China, to establish regional dominance and reshape the global order in line with their interests. The document adds that China’s asymmetric advantages over the EU makes it a critical long-term strategic challenge. China has recently intensified its military and other coercive measures across the Taiwan Strait and in the East and South China Seas and other regions. It has also expanded its economic influence through nonmarket means and continued to support Russia’s invasion of Ukraine. These actions have raised serious concerns throughout the international community, impacted regional security, and challenged the rules-based international order. As a responsible member of the international community Taiwan will continue to work with the EU and other like-minded partners to jointly defend such universal values of democracy, freedom, and the rule of law and make greater contributions to global security, stability, and prosperity. MOFA strongly refutes false claims regarding Taiwan in joint statement by China and ThailandSource: Republic of China Taiwan MOFA strongly refutes false claims regarding Taiwan in joint statement by China and Thailand Date:2026-07-21 July 21, 2026 The Ministry of Foreign Affairs (MOFA) solemnly condemns the false claims made in a joint statement issued on July 20 between the governments of the People’s Republic of China (PRC) and the Kingdom of Thailand. The document, released following a meeting on July 18 between Chinese leader Xi Jinping and Thai Prime Minister Anutin Charnvirakul in China, contained absurd statements, including that Taiwan was an inalienable part of China. Thailand also expressed that it firmly supported China’s peaceful reunification and “one country, two systems” policy and that it would not support any call for the independence of Taiwan. MOFA strongly protests the Chinese government’s repeated dissemination of erroneous narratives denigrating Taiwan’s sovereignty. MOFA also expresses disappointment and regret over the Thai government’s disregard for facts and deference to China’s attempts to undermine Taiwan’s sovereign status. MOFA reiterates that the ROC (Taiwan) is a sovereign and independent country and that neither it nor the PRC is subordinate to the other. Taiwan will not tolerate China’s repeated attempts to use bilateral statements to spread false narratives that seek to unilaterally change the cross-strait status quo through cognitive warfare. As Taiwan and Thailand enjoy close commercial and trade ties, as well as robust people-to-people exchanges, Taiwan urges Thailand to cherish the long-standing friendship between the two countries and refrain from constantly aligning with China’s efforts to suppress Taiwan. Otherwise, Thailand and other countries may face negative consequences as a result of China’s campaign to undermine regional peace and stability. (E) |