Union Health Minister Shri JP Nadda Inaugurates World TB Day 2025 Summit

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Union Health Minister Shri JP Nadda Inaugurates World TB Day 2025 Summit

Our TB elimination strategy is based on ‘whole of the society’ and ‘whole of the government’ approach: Shri JP Nadda

“Over 13.46 lakh Nikshay Shivirs, or community screening and awareness camps were organised in the districts bringing essential TB services directly to the doorsteps of crores of people”

Under the 100-day TB Mukt Bharat Abhiyaan, 12.97 crore people were screened for TB with over 7.19 lakh TB patients notified across India

Approximately 2.85 lakh of the notified patients were asymptomatic, who might have otherwise gone undetected without the stratified screening strategy of the campaign

With a proven blueprint derived from the campaign’s success, Union Health Minister announces nationwide expansion of the campaign, highlighting its efficient case finding, leveraging of technology and ensuring timely treatment initiation

State/UTs awarded for exemplary performance during the 100 Days intensified TB Mukt Bharat Abhiyan and in the TB Mukt Gram Panchyat Initiative

A digital Coffee Table Book and Guidance document on ‘differentiated TB care’ launched at the event

Posted On: 24 MAR 2025 7:26PM by PIB Delhi

“Our TB elimination strategy is based on ‘whole of the society’ and ‘whole of the government’ approach”. This was stated by Shri Jagat Prakash Nadda, Union Minister of Health and Family Welfare during his address to the World TB Day 2025 summit, here today. The theme for this year’s World TB Day summit is “Yes! We Can End TB: Commit, Invest, Deliver”.

The Union Minister reaffirmed India’s unwavering commitment to achieving a TB-Mukt Bharat in his address. While presiding over the Summit, he lauded the 100 Days Intensified TB Elimination campaign’s strategy to deploy cutting-edge technologies, including handheld X-ray units and upfront Nucleic Acid Amplification Testing (NAAT) some of which were deployed using mobile vans (Nikshay Vahans). This helped the campaign shatter geographical barriers and brought vital screening and diagnostic services to remote and underserved areas. He mentioned that over 13.46 lakh Nikshay Shivirs, or community screening and awareness camps were organised in the districts bringing essential TB services directly to the doorsteps of crores of people.

The Union Minister noted that TB treatment coverage in India has increased from 59% to 85%. He informed that 12.97 crore people were screened for TB with 7.19 lakh new cases detected. Among the notified TB cases, approximately 2.85 lakh were asymptomatic cases who might have otherwise gone undetected without the stratified screening strategy of the campaign. More than 5,000 MLAs and 10,000 Gram Panchayats participated in the campaign. Citing these successes, he announced the Ministry’s plans to scale the campaign nationwide. Stating that TB is not over yet, he announced further scaling up of the TB elimination campaign to cover all districts in India.

Shri Nadda highlighted that 22 line ministries supported the 100-days campaign and more than 30,000 elected representatives were mobilized for the common cause, demonstrating that the fight against TB is a collective mission. He informed that in just 100 days, over 1,05,181 new Ni-kshay Mitras have registered and distributed over 3,06,368 food baskets among TB patients and their family members.

He noted that during the recently concluded 100-Day Intensified TB Elimination Campaign, modern technology was leveraged to improve case detection, reduce diagnostic delays, and ensure timely treatment initiation, particularly for vulnerable populations. “The campaign strategically screened vulnerable populations, including asymptomatic individuals, household contacts of TB patients, those with a history of TB, undernourished individuals, and those with chronic comorbidities such as diabetes and HIV”.

Shri Nadda stated that India is one of the top global funders on TB research and congratulated ICMR for their significant research on TB. He highlighted some innovations like RT-PCR machines used during the Covid pandemic which is adapted for use in TB screening. Similarly, indigenous diagnostic kits developed by ICMR not only reduce the cost for TB detection but also improve efficiency by conducting 32 tests in one go. “Hand held x-ray machines with AI support have also played a huge role in detecting asymptomatic TB”, he added.

He concluded his address by thanking the invaluable support and involvement of elected representatives and community leaders, MPs, MLAs, Gram Pradhans and local leaders which was instrumental in raising awareness and mobilizing communities against this disease. “Their dedication has fostered a sense of ownership and accountability in the community, one of the many unique strategies India has adopted to fight TB”, he stated.

Smt. Punya Salila Srivastava, Union Health Secretary said, “World TB Day is a day where we remind ourselves that this disease still exists while we can eliminate it”. She further stated that this is a day to chart out our task ahead. “All our stakeholders have put in a lot of effort towards the goal of eliminating TB and this should continue until we achieve the goal of TB Mukt Bharat”, she added.

A digital Coffee Table Book on TB Mukt Bharat Abhiyaan, capturing and showcasing the implementation of the Abhiyaan through photos from the field, was unveiled on the occasion. The Union Health Minister also launched a ‘Guidance Document on Differentiated TB Care’ to ensure timely and effective care for high-risk patients. This document provides guidelines for triaging high-risk patients (for instance, those suffering from severe undernutrition or respiratory insufficiency) at diagnosis and refers to a comprehensive treatment plan for them.

State/UTs were awarded for the exemplary performance during the 100 Days intensified TB Mukt Bharat Abhiyan and also for their performance in the TB Mukt Gram Panchyat Initiative.

Dr Rajiv Bahl, Secretary, Department of Health Research and DG, ICMR; Dr Atul Goel, Director General of Health Services (DGHS); Smt. Aradhana Patnaik, Additional Secretary and Mission Director, National Health Mission; and senior officials of the Union Health Ministry were present on the occasion. The event also witnessed participation from NTEP Staff from State and Districts, TB Champions, District Magistrates, District Collectors, MD NHMs, Medical Institutions, Civil society, WHO Consultants and development partners.

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HFW/World TB Day Inauguration/24March2025/1

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India Achieves Milestone in TB Research: Dr. Jitendra Singh Announces completion of 10,000 Genome Sequences of Mycobacterium Tuberculosis

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India Achieves Milestone in TB Research: Dr. Jitendra Singh Announces completion of 10,000 Genome Sequences of Mycobacterium Tuberculosis

Genomic Breakthrough to Transform TB Diagnosis: Union Minister Highlights Faster, Precision Treatment

Whole-of-Nation Approach and Public Participation Key to TB Eradication: Dr. Jitendra Singh

Posted On: 24 MAR 2025 7:24PM by PIB Delhi

NEW DELHI, March 24 : In a significant breakthrough in the fight against tuberculosis, Union Minister Dr. Jitendra Singh announced the completion of genome sequencing of 10,000 isolates of “Mycobacterium tuberculosis” at a summit organised on the occasion of “World TB Day” at Vigyan Bhawan here.

The achievement marks a major stride in India’s commitment to eradicating TB ahead of the World Health Organization’s (WHO) 2030 targets.

Addressing a gathering of leading medical academicians, health scientists, researchers, and senior officials, Dr. Jitendra Singh highlighted the government’s ambitious efforts to eliminate tuberculosis five years before the WHO’s global goal. He underscored the importance of collaborative research and the need for a whole-of-science, whole-of-government, and whole-of-mission approach to achieve this target.

The genome sequencing initiative is part of the Dare2eraD TB program (Data Driven Research to Eradicate TB), launched on March 24, 2022, which focuses on data-driven research to eradicate TB. A key component of this initiative is the Indian Tuberculosis Genomic Surveillance (InTGS) Consortium, spearheaded by the Department of Biotechnology (DBT), the Council of Scientific and Industrial Research (CSIR), and the Indian Council of Medical Research (ICMR), in collaboration with major clinical institutions. The program aims to sequence over 32,000 TB isolates to identify drug resistance mutations and improve treatment outcomes.

Dr. Jitendra Singh emphasized that the deep genomic dataset being developed has the potential to revolutionize TB diagnostics and drug resistance prediction. He noted that genome sequencing can significantly improve diagnostic accuracy and enable faster resistance profiling, reducing the time needed to determine effective treatments from weeks to mere hours or days. This, he said, will help in tailoring treatment regimens to individual patient needs and reduce the risk of treatment failure or relapse.

Drawing from his own medical background, Dr. Jitendra Singh reflected on the historical challenges of TB treatment in India, from the stigma surrounding the disease to the evolution of medical advancements. He called for greater community engagement, emphasizing that TB eradication is not just a scientific or medical challenge but a societal one. “Unless we involve common people, raise their consciousness, and evoke their participation, our fight against TB will remain incomplete,” he said.

Appreciating the pioneering scientific advancements and their instrumental role in fight against tuberculosis, Hon’ble Minister said that while phenotypic drug-susceptibility tests and M. tuberculosis culture are generally regarded as the gold standard for diagnosis, genome sequencing technologies are increasingly being applied for strain identification and drug resistance prediction, providing valuable insights for clinical decision-making and surveillance activities.

He also added that the adoption of molecular methods for TB diagnosis and resistance testing remains uneven, significantly influenced by socioeconomic disparities across countries. To fight the incessant TB, it is important to propel these innovations to scale and embed them into real-world implementation.

Dr. Rajesh Gokhale, Secretary DBT, hailed the completion of 10,000 genome sequences as a milestone achievement, adding that the data will be instrumental in strengthening India’s TB surveillance and diagnostic capabilities. He stressed the importance of translating this research into practical applications that can be scaled up for real-world impact.

The event also saw the participation of senior officials including Dr. N. Kalaiselvi, Director General CSIR; Dr. Rajiv Bahl, Director General ICMR; and Dr. M. Srinivas, Director AIIMS, among others.

Dr. Jitendra Singh appreciated the proactive and visionary initiatives to support transformative innovations for a more robust pipeline of tools that can overcome the translational challenges and better prepare India to address TB than ever before.

With India accounting for a significant portion of the global TB burden, this breakthrough in genome sequencing is expected to bolster national and global efforts to combat the disease. The government’s continued investment in cutting-edge research, coupled with policy interventions and community participation, could pave the way for a TB-free India well ahead of its 2025 target.

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NKR/PSM

(Release ID: 2114548) Visitor Counter : 414

India’s Digital Revolution Earns Global Recognition: Dr. Jitendra Singh

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India’s Digital Revolution Earns Global Recognition: Dr. Jitendra Singh

From DBT to Space Startups: Union Minister Showcases India’s Tech Leadership

Posted On: 24 MAR 2025 7:21PM by PIB Delhi

NEW DELHI, March 24 : Union Minister of State (Independent Charge) for Science and Technology; Earth Sciences and Minister of State for PMO, Department of Atomic Energy, Department of Space, Personnel, Public Grievances and Pensions, Dr. Jitendra Singh underscored India’s leadership in digital public infrastructure and technology innovation at the “ET Telecom 5G Congress”, emphasizing the transformative strides made in the last decade under the Digital India initiative.

Speaking at the event, Dr. Jitendra Singh highlighted India’s success in pioneering digital public infrastructure, which has become a model for the world. He pointed to the Direct Benefit Transfer (DBT) scheme, launched during the early years of the Modi government, as a game changer. “The real litmus test of this digital transformation came during the COVID-19 pandemic, ensuring seamless transactions and financial inclusion without disruptions,” he said.

Dr. Jitendra Singh also spoke about the Swamitva scheme, which empowers citizens by enabling digital mapping of land ownership, reducing dependence on traditional revenue officers. “With nearly 70% of India’s villages already mapped, this initiative represents the true spirit of citizen-centric governance,” he added.

Emphasizing India’s technological advancements, Dr. Jitendra Singh noted that the country has emerged as a global leader in multiple domains, from space exploration to biotechnology. He cited India’s rapid ascent in the Global Innovation Index—from 81st place to 39th—as a testament to the nation’s innovation ecosystem. “India is now ranked sixth globally in patent filings, with 56% of those patents coming from resident Indians. This marks a dramatic shift from earlier decades when Indian talent sought recognition abroad,” he remarked.

Highlighting the government’s commitment to scientific research and innovation, Dr. Jitendra Singh pointed to the launch of a viability fund for space startups, a new National Research Foundation, and the recent decision to open up the nuclear sector to private players. “In the first 100 days of Modi 3.0, we allocated Rs 10,000 crore for space startups and launched a pioneering biotechnology policy—BioE3—focusing on environmental sustainability, employment generation, and economic growth,” he said.

Dr. Jitendra Singh also touched upon the role of women in India’s scientific advancements, stating that women are not just participating but leading critical missions. “India’s first solar mission, Aditya-L1, was led by a woman scientist, marking a paradigm shift in gender representation in STEM fields,” he noted.

Concluding his address, Dr. Jitendra Singh lauded India’s thriving StartUp ecosystem and the increasing global recognition of Indian talent. “Indian professionals are now the preferred choice in global innovation hubs, known for their dedication and work ethic. The world is looking at India not just as a participant but as a leader in the digital and technological revolution,” he affirmed.

As India continues to set benchmarks in digital governance and scientific innovation, Dr. Jitendra Singh’s remarks reinforce the country’s commitment to leveraging technology for inclusive growth and global leadership in emerging sectors.

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NKR/PSM

(Release ID: 2114547) Visitor Counter : 356

New triboelectric nanogenerator with single crystals of organic compound could be useful for biological applications

Source:

Posted On: 24 MAR 2025 5:26PM by PIB Delhi

Researchers have developed a triboelectric nanogenerator (TENG) wherein flexible single crystals of an organic compound was used as the main component for the fabrication of a self-powered tactile sensor which was used to monitor finger joint movements. This has significant importance particularly in biomedical and robotic system development and could pave the way for their utilization as biomedical wearable devices.

Organic materials are gaining importance for optoelectronic applications because of their lower cost and environmental footprint, easy fabrication, and practical feasibility. Among various organic materials, single crystals are better suited for device fabrication because of their well-ordered packing and precise spatial arrangements. They also possess intrinsic long range structural order and anisotropy and tuneable optical and electronic properties, thereby resulting in superior device performance. Additionally, the ease of synthesis, crystallization, and device fabrication position organic single crystals as promising candidates to meet the evolving demand for next generation technologies.

Scientists from Institute of Nano Science and Technology (INST), Mohali, an autonomous institute of the Department of Science and Technology (DST) demonstrated the first ever fabrication of TENG incorporating flexible single crystals of small organic molecules. The research involved has been published in the Journal of the American Chemical Society.

Triboelectrification was attained in single crystals as a result of surface functionalization with positively and negatively charged moieties, viz. Zn2+ and F, respectively, which resulted in different surface potentials thereby leading to reversible adhesion through electrostatic interaction and induction phenomena.

The TENG incorporating the single crystals was capable of charging commercial capacitors thereby ensuring its ability to be used as a self-powered touch sensor. Capitalizing on these features, a self-powered tactile sensor was fabricated to demonstrate limb movements.

The protocol adopted to vary the surface charge on single crystals through surface functionalization techniques was simple and scalable. Moreover, the TENG developed works in the non-contact mode and promises outstanding endurance properties.

The excellent mechano-electric sensitivity (∼102 mV/kPa until 6 kPa range) and response time (∼38 ms) establish the viability of flexible organic single crystals for mechanical energy harvesting and biosensing applications.

Biomechanical signal sensing using TENG. Photographs of TENG attached to a finger along with the measured output voltage response at (a) 30°, (b) 60°, and (c) 90° bending angles.

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NKR/PSM

(Release ID: 2114473) Visitor Counter : 324

Strategic Supply Chain Management for Critical Minerals

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Posted On: 24 MAR 2025 5:20PM by PIB Delhi

The Union Cabinet has approved the National Critical Mineral Mission (NCMM) on January 29, 2025. The NCMM aims to secure a long-term sustainable supply of critical minerals and strengthen India’s critical mineral value chains encompassing all stages from mineral exploration and mining to beneficiation, processing, and recovery from end-of-life products. The NCMM components also include ‘increasing domestic critical mineral production’ and ‘Acquisition of Critical Mineral Assets abroad’.

For acquisition of overseas mineral assets, the Ministry of Mines has established a joint venture company, Khanij Bidesh India Ltd. (KABIL). KABIL has signed an Exploration and Development Agreement with CAMYEN, a state-owned enterprise of Catamarca province of Argentina, for exploration and mining of five Lithium Brine Block in Argentina in an area of 15703 Ha.

Further, an MoU has been signed between KABIL and Critical Mineral Facilitation Office (CMFO), Department of Industry, Science and Resources (DISER), Government of Australia for carrying out joint due diligence and further joint investment in Li & Co mineral assets of Australia.

NCMM has provision of critical mineral processing parks for which there is budget provision of Rs. 500 Crore. Further, there is also budget provision of Rs. 1500 crore for recycling. In addition, there are also provisions for skill development and R&D activity support.

The governance framework of NCMM includes an Empowered Committee chaired by the Cabinet Secretary with CEO of NITI Aayog and Secretaries of other stakeholder Ministries as members.

This information was given by Union Minister of Coal and Mines Shri G. Kishan Reddy in a written reply in Rajya Sabha today.

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NSO, India and IIMA Join hands to Strengthen Data-Driven Policy and Innovation

Source: Government of India

Posted On: 25 MAR 2025 9:09AM by PIB Delhi

The Ministry of Statistics and Programme Implementation (MoSPI), in collaboration with the Indian Institute of Management Ahmedabad (IIMA), organized a workshop on “Emerging Trends in Public Data and Technology for Research and Policy” at the IIM Ahmedabad campus. This initiative aligns with MoSPI’s ongoing efforts to enhance the national data ecosystem and advance evidence-based policymaking.

The event brought together distinguished speakers, including Dr. Saurabh Garg, Secretary, MoSPI & Head NSO; Prof. Bharat Bhaskar, Director, IIMA; Sh. P.R. Meshram, Director General, MoSPI; senior officials from the Ministry; faculty members; students; and representatives from premier academic and research institutions. The discussions revolved around leveraging public data, emerging technologies, and academic collaborations to address policy challenges.

Prof. Bharat Bhaskar, Director of IIMA, highlighted the transformative potential of Artificial Intelligence (AI) in policy formulation. However, he also cautioned against inherent biases that may arise from historical data patterns. “While AI can significantly enhance decision-making, it is essential to establish safeguards to ensure fairness and accuracy. Collaboration should be focused on maximizing benefits for public good,” he stated.

Dr. Saurabh Garg, Secretary, MoSPI, provided an overview of the Ministry’s functions, including its various surveys and macroeconomic indicators. “The vast volume of administrative data in India presents a unique opportunity to integrate it with alternate datasets to meet the increasing expectations of data users. As the custodian of decades-old datasets, MoSPI must rejuvenate legacy data using emerging technologies to make it AI ready. Institutions like IIMA can play a pivotal role in this endeavor,” he remarked.

A major milestone of the workshop was the signing of a Memorandum of Understanding (MoU) between MoSPI and IIMA. This partnership will serve as a framework for collaborative efforts in data innovation, ensuring that academic research contributes effectively to policy development. As a precursor to the workshop, a focused session with IIMA faculty was conducted in the forenoon. The session explored avenues for leveraging the expertise of both institutions to enhance data-driven policy support. The discussions underscored the importance of an institutional framework for sustained collaboration between NSO India and IIMA and creation of Human capital to take these initiatives forward.

The workshop reaffirmed the crucial role of integrating public data with cutting-edge technology to drive evidence-based policymaking. By engaging with academic institutions, MoSPI seeks to harness research-driven insights and technological advancements to strengthen India’s statistical ecosystem. This collaboration marks a significant step toward building a robust, data-driven policy environment, reinforcing MoSPI’s commitment to innovation, excellence, and inclusivity in the national statistical system.

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Samrat/Allen

(Release ID: 2114664) Visitor Counter : 62

Adjustment in ceiling prices for dedicated LPG filling stations in April 2025

Source: Director General David Cheng-Wei Wu met with PS for Roads and Regional Transportation Anna Watson MP

Adjustment in ceiling prices for dedicated LPG filling stations in April 2025 

Location of
Dedicated
LPG Filling StationCeiling
Price in
April 2025 (HK$/litre)Ceiling
Price in
March 2025 (HK$/litre)The spokesman said that the details of the LPG international price and the auto-LPG ceiling price for each dedicated LPG filling station had been uploaded to the EMSD website (www.emsd.gov.hkIssued at HKT 11:00

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Labour Department to hold courses and public talks on prevention of heat stroke at work and occupational health

Source: Director General David Cheng-Wei Wu met with PS for Roads and Regional Transportation Anna Watson MP

Labour Department to hold courses and public talks on prevention of heat stroke at work and occupational health
     Details of five courses and health talks on the prevention of heat stroke at work in April are as follows:
 
(1)
Dates and time: April 10 and 24 (Half-day (am)); April 3 and 14 (Half-day (pm))
Venue: Occupational Safety and Health Training Centre of the LD, 13/F, KOLOUR·Tsuen Wan I, 68 Chung On Street, Tsuen Wan, New Territories
Enrolment method: Download the application form (www.labour.gov.hk/eng/osh/form.htmEnquiry hotline: 2940 7057
 
(2)
Date and time: April 7 (3.30pm to 5pm)
Venue: Lecture Hall, Hong Kong Space Museum, 10 Salisbury Road, Tsim Sha Tsui, Kowloon
Enrolment method: Online registration for public talks on occupational health (
www.oshsreg.gov.hk/enEnquiry hotline: 2852 4040
 
     In addition, the LD will hold the following occupational health public talks in April:
 
(1)
Topic: Noise Hazards and Prevention of Hearing Loss
Content: The talk will give an introduction on the Factories and Industrial Undertakings (Noise at Work) Regulation and the Occupational Deafness Compensation Scheme, as well as health hazards posed by noise at work and preventive measures for hearing loss.
Date and time: April 2 (3.30pm to 5pm)
Venue: Lecture Theatre, Hong Kong Central Library, 66 Causeway Road, Causeway Bay, Hong Kong
Enrolment method: Online registration (
www.oshsreg.gov.hk/enEnquiry hotline: 2852 4040
 
(2)
Topic: Occupational Safety and Health (OSH) for Confined Space Workers
Content: To enhance workers’ OSH awareness of working in confined spaces, the talk will explain the related hazards as well as their preventive measures.
Date and time: April 16 (6.30pm to 8pm)
Venue: Lecture Theatre, Hong Kong Central Library, 66 Causeway Road, Causeway Bay, Hong Kong
Enrolment method: Online registration (
www.oshsreg.gov.hk/enEnquiry hotline: 2852 4040
 
(3)
Topic: Occupational Health of Office Workers Series (III) More Exercise, Smart Work
Content: The talk will introduce the benefits of exercise. Demonstrations and practice of workplace exercises will also be included.
Date and time: April 23 (3.30pm to 5pm)
Venue: Lecture Hall, Hong Kong Space Museum, 10 Salisbury Road, Tsim Sha Tsui, Kowloon
Enrolment method: Online registration (
www.oshsreg.gov.hk/enEnquiry hotline: 2852 4040
 
     All courses and public talks will be given by the LD’s occupational hygienist, occupational safety officer, occupational health nurse or a representative of the Occupational Deafness Compensation Board in Cantonese. Admission is free.

     The LD also provides a free-of-charge outreach health education service. For details, please visit the department’s webpage (www.labour.gov.hk/eng/osh/content7.htmIssued at HKT 11:00

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Speech by Acting CE at HSBC Global Investment Summit (English only) (with photo)

Source: Director General David Cheng-Wei Wu met with PS for Roads and Regional Transportation Anna Watson MP

Following is the speech by the Acting Chief Executive, Mr Chan Kwok-ki, at HSBC Global Investment Summit today (March 25):
 
Deputy Director Qi (Deputy Director of the Liaison Office of the Central People’s Government in the Hong Kong Special Administrative Region Mr Qi Bin), Mark (Group Chairman of HSBC Holdings, Mr Mark Tucker), Georges (Group Chief Executive of HSBC Holdings, Mr Georges Elhedery), distinguished guests from around the world, ladies and gentlemen,
 
Good morning and welcome to Hong Kong. The Chief Executive is away on a duty visit, but I’m very pleased to be here, with you, for the second HSBC Global Investment Summit.
 
Particularly pleased, given that this three-day gathering is among the many events celebrating HSBC’s 160th anniversary. Born a Hong Kong bank in 1865, HSBC is still, proudly, a Hong Kong bank in 2025. Not to mention one of the world’s great banks.
 
So, yes, I’m delighted to be here, to congratulate HSBC on its milestone anniversary. Delighted to be here, too, speaking about Hong Kong, my favorite subject, to HSBC and a world of high-profile professionals. I’m told that some 4 300 registered for this three-day Summit, which would make it even larger than the first HSBC Summit last year.
 
You are leaders and innovators collectively shaping the future of global finance and investment: CEOs of global firms, institutional investors, wealth-fund managers, pioneering fintech innovators and much more.

And you’ve come here at a brilliant time. Our “Hong Kong Super March” features a stunning series of mega-events, arts and culture included. Hong Kong, after all, is the rising East-meets-West centre for international cultural exchange.
 
The Hong Kong Arts Festival, featuring music, dance, theatre, Chinese and Western opera and much more, continues through Sunday. Art Basel, opening Friday (March 28), showcases more than 240 galleries from over 40 countries and regions. And don’t miss the major Picasso exhibition, at M+, in the West Kowloon Cultural District. HSBC, let me add, is a major sponsor of the spectacular Picasso exhibition.
 
Those of you who lean toward the art of sport won’t need to be told that the Hong Kong Rugby Sevens gets going this Friday, with world-class action, on and off the pitch, at our brand-new, state-of-the-art Kai Tak Sports Park, with seating for 50 000. Bigger house. Bigger party. And the views across to Victoria Harbour from the South Stand are stunning. 
 
The good life includes finance, as you all well know. And Hong Kong is Asia’s premier financial hub.
 
Indeed, in the latest Global Financial Centres Index, published just last week, Hong Kong maintained its standing as the world’s third-ranked financial centre – and the top in the Asia-Pacific. In the Index’s “human capital,” “infrastructure” and “financial sector development” areas, Hong Kong climbed to second, worldwide, while our rankings in “business environment” and “reputational and general” rose to third, globally.
 
The numbers tell a compelling story. Our economy is projected to grow 2.9 per cent annually from 2026 to 2029 – resilient momentum despite global headwinds.
 
Our stock market has surged more than 20 per cent as of mid-March, its highest level since February 2022. Daily market turnover reached close to 26 billion US dollars at the end of February. That’s up nearly 140 per cent, year on year.
 
Investor confidence is returning, too. That’s reflected in the 7.1 per cent rise in total deposits last year. 
 
These figures are a testament to the trust global investors place in our financial infrastructure, regulatory framework and longstanding connectivity with Mainland China and the world in general. 
 
Hong Kong’s role as a super-connector has never been more vital. We remain the world’s largest offshore Renminbi business hub, each day processing close to 80 per cent of cross-border Renminbi payments outside the Mainland.
 
And we will continue to enhance offshore Renminbi liquidity. 
 
Last month, we launched the Renminbi Trade Financing Liquidity Facility, with Renminbi 100 billion, ensuring that banks have stable access to low-cost Renminbi funds.
 
We are now working to enable multi-currency settlements and enrich Renminbi products, offering real estate investment trusts under Stock Connect and exploring new initiatives with Mainland regulators. 
 
There’s more. We are committed to Hong Kong’s rise as an international gold trading centre, taking good advantage of our strengths in security and stability, as well as finance. 
 
We are working now on measures to enhance gold storage facilities, optimise trading and regulatory mechanisms, expand exchange products and conduct market promotion. 
 
Attracting foreign investment is another promising area. Last year, we attracted about 540 overseas and Mainland firms to set up or expand their operations here in Hong Kong, up more than 40 per cent, year on year.
 
 And we are making every effort to attract more global capital. In particular, we will host the inaugural Hong Kong Global Financial and Industry Summit in June, with a view to supporting the matching of capital and projects. The event will bring together global enterprises, tech firms, funds and investors to drive international collaboration through financial empowerment. In addition, we will also work with the Hong Kong Exchanges to open new distribution channels for private equity funds and boost promotion in the Middle East and throughout ASEAN. 
 
We are, as well, encouraging the private sector to organise more mega-events such as this Summit, to showcase Hong Kong’s energy and business opportunities to the world.
 
Those opportunities include green and sustainable finance. 
 
Alongside green bond issuances, we are also providing early-stage funding support for pre-commercialised green fintech initiatives.
 
We will soon publish a second policy statement on virtual assets, positioning Hong Kong as Asia’s digital-asset innovation hub. And we expect to implement a regulatory framework for stablecoins later this year.
 
The initiatives are attracting global players, with 10 digital-asset licenses issued so far and more in the pipeline.
 
In AI, we have issued a policy statement, setting out our stance regarding the responsible application of AI in the financial market.
 
We are closely monitoring market developments, drawing on international experience with AI in financial services to accelerate the development of new quality productive forces.
 
These digital regulatory advancements also pave the way for further innovation in fintech.
 
Our commitment to innovation is evident in our pioneering work on Central Bank Digital Currencies and the launch of the Commercial Data Interchange. These enable more efficient financial intermediation in the banking system and enhance financial inclusion in Hong Kong. 
 
In November, for the first time, our FinTech Week and our StartmeupHK Festival will converge as one event dedicated to the digital economy. It will mark the 10th anniversary for both, bringing together technology innovators, banking executives, venture capitalists, regulators and start-ups, all keen to shape the future of finance.
 
Last year, by the way, the number of start-ups in Hong Kong grew by 10 per cent, with fintech being the biggest sector, with more than 600 start-ups.
 
This Summit’s agenda reflects both the complexity and the promise of today’s global financial landscape. Over the next three days, you’ll engage in discussions ranging from the future of digital finance to sustainable investment strategies, from the reordering of global supply chains to emerging market opportunities.
 
More than a gathering of finance and business minds – this Summit is a forum for action. The connections made here, the insights shared and the partnerships created will ripple right through the global economy, of that I’m confident. Like Hong Kong, you’re here to make a decided difference for us all.
 
You’re also here, in Hong Kong, to have a memorable time on a landmark occasion, the 160th anniversary of HSBC. Thankfully, the rich business of pleasure is everywhere you look in Hong Kong. Enjoy it all. Every minute of it. Thank you.

  

YDC Youth Ambassadors Programme 2025 officially launched (with photos)

Source: Director General David Cheng-Wei Wu met with PS for Roads and Regional Transportation Anna Watson MP

YDC Youth Ambassadors Programme 2025 officially launched  
Addressing the ceremony, Miss Mak said, “The hopes of our country and the future of our nation lie in the hands of our young generation.” The Government has long attached great importance to youth development and is committed to creating more opportunities for young people and helping them shine and achieve their aspirations. She encouraged the Youth Ambassadors Cadets to learn more about the youth development work by the HYAB and the YDC, including the various youth-related measures stated in the Youth Development Blueprint that help address the needs of young people at different development stages.
 
Miss Mak said she hopes that the YDC Youth Ambassadors Programme could identify and nurture more young talents with a sense of responsibility and with aspirations. She encouraged the YA Cadets to seize the precious opportunities of participating in the training activities and service projects of Community Care Teams under the Programme, through which they could broaden their perspectives, nurture their passion to serve society, further integrate into the overall development of the country, contribute to Hong Kong and the country, and tell good stories of Hong Kong.
 
Other officiating guests included the Under Secretary for Home and Youth Affairs, Mr Clarence Leung; the Vice-Chairman of the YDC, Mr Kenneth Leung; and the Commissioner for Youth, Mr Eric Chan. Members of the YDC also attended the ceremony.
 
The YDC Youth Ambassadors Programme offers unique training and exposure opportunities to young people and enhance their understanding of public affairs. For more information on the YDC Youth Ambassadors Programme 2025, please visit the YDC’s webpage (www.ydc.gov.hk/yaIssued at HKT 17:38

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