Approval of HK warehouses hailed

Source: Hong Kong Information Services

Secretary for Financial Services & the Treasury Christopher Hui today welcomed the move by the London Metal Exchange (LME), a wholly-owned subsidiary of Hong Kong Exchanges & Clearing, to approve the first three applications to establish recognised warehouses in Hong Kong.

The LME included Hong Kong as an approved delivery point within its global warehousing network in January this year, and began accepting applications from warehouse operators to become approved storage entities of LME-registered brands of metals.

The endorsed applications involve four warehouse facilities. 

Mr Hui said: “The approval of the first batch of applications in merely a few months indicated the efforts of the Government and the industry in exploring new growth areas, and allowed LME-approved warehouse operators and local warehouse operators to begin the process of establishing operations early.”

Noting the Chief Executive’s emphasis of the need to explore new growth areas in his 2024 Policy Address, Mr Hui highlighted that the establishment of a commodity trading ecosystem is a new growth point to consolidate and enhance Hong Kong’s status as an international financial centre.

“The establishment of LME-approved warehouses in Hong Kong will provide convenient, cost-effective and safe delivery channels for metals trading in the region.

“This will not only attract relevant enterprises to establish a presence in Hong Kong, turning our city into an operation centre for international commodity trading, storage and delivery, shipping and logistics, risk management, but also promote the development of related financial transactions such as futures, thereby injecting new impetus into consolidating Hong Kong’s status as an international financial centre.”

The Government understands that other operators are applying to become approved warehouses of the LME. Various bureaus and departments will continue to maintain communication with relevant industry players and provide assistance on technical matters as appropriate.

Review of Statutory Minimum Wage rate

Source: Hong Kong Government special administrative region

The following is issued on behalf of the Minimum Wage Commission:

The Minimum Wage Commission (MWC) will submit to the Chief Executive (CE) in Council its recommendation report on the Statutory Minimum Wage (SMW) rate by the end of February 2026 at the latest.
 
The Secretary for Labour and Welfare, in exercise of the authority delegated by the CE, has required the MWC to submit its recommendation report on the SMW rate on or before February 28, 2026, in accordance with the Minimum Wage Ordinance (Cap. 608).

The CE in Council has approved the implementation of the new annual review mechanism of the SMW including the following formula for deriving the SMW rate:
 
The annual rate of adjustment in the SMW (%) = Headline Consumer Price Index (A) (CPI(A)) inflation# (subject to a lower bound of zero) + [(the growth rate of the real Gross Domestic Product (GDP) in the latest year – the trend growth rate of the real GDP in the latest decade) × 20%] (economic growth factor*) 
# It refers to the year-on-year rate of change in the headline CPI(A).
* The economic growth factor is subject to an upper bound of one percentage point and a lower bound of zero.
 
The Government expects that the first SMW rate derived under the new mechanism will take effect on May 1, 2026. The MWC will assist the Government in implementing the new mechanism.

Ministry of Finance issues Renminbi Sovereign Bonds through Central Moneymarkets Unit of Hong Kong Monetary Authority

Source: Hong Kong Government special administrative region

Ministry of Finance issues Renminbi Sovereign Bonds through Central Moneymarkets Unit of Hong Kong Monetary Authority 
The Ministry of Finance will issue Renminbi Sovereign Bonds through the Central Moneymarkets Unit of the Hong Kong Monetary Authority (HKMA). Please find attached the tender notice and the tender information memorandum of the Renminbi Sovereign Bonds to be issued by the Ministry of Finance. Please also find attached the tender-related information provided by the Issuing and Lodging Agent through the HKMA.
Issued at HKT 9:30

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Union Minister of State for Women and Child Development Smt. Savitri Thakur to visit Meghalaya

Source: Government of India

Posted On: 14 APR 2025 7:08PM by PIB Shillong

Union Minister of State for Women and Child Development, Government of India, Smt. Savitri Thakur, will be on a three-day official visit to Meghalaya from April 15 to 17, 2025.

During her visit, the Minister will hold a review meeting with the Department of Social Welfare, Government of Meghalaya, focusing on Central Government-sponsored schemes and programmes under the Ministry of Women and Child Development. She will also meet the Governor of Meghalaya for a courtesy call and conduct a detailed district-level review in East Khasi Hills as per the guidelines of the Ministry of Development of North Eastern Region (DoNER).

On April 16, the Minister will visit key institutions and welfare centers in Shillong, including the One Stop Center at Ganesh Das Hospital, Shakti Sadan at Mawroh, and a Child Care Institution in Mawkasiang. She will then visit the Community Health Center, Anganwadi Centre at Mawsmai, and inspection of development projects under MGNREGA and PMAY(G) and also visit the Aqua Park cum Visitor Information Centre at Khliehshnong and inspect PMGSY roads in the area.

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(Release ID: 2121631) Visitor Counter : 84

Olympic medalist and noted athlete, Karnam Malleswari meets Prime Minister

Source: Government of India

Posted On: 15 APR 2025 9:37AM by PIB Delhi

Olympic medalist and noted athlete, Karnam Malleswari met the Prime Minister Shri Narendra Modi in Yamunanagar yesterday. He commended her effort to mentor young athletes.

Shri Modi wrote in a post on X:

“Met Olympic medalist and noted athlete, Karnam Malleswari in Yamunanagar yesterday. India is proud of her success as a sportswoman. Equally commendable is her effort to mentor young athletes.”

 

 

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MJPS/SR

(Release ID: 2121717) Visitor Counter : 144

LegCo Secretariat releases Policy Pulse on “Laws on safeguarding national security”

Source: Hong Kong Government special administrative region

The following is issued on behalf of the Legislative Council Secretariat:
 
     Today (April 15) is the National Security Education Day. The Safeguarding National Security Ordinance has been in effect for one year since its passage by the Legislative Council (LegCo) in a historic unanimous vote on the Third Reading in March last year, while the Law of the People’s Republic of China on Safeguarding National Security in the Hong Kong Special Administrative Region (HKNSL) will celebrate its fifth anniversary at the end of June this year. The LegCo Secretariat today released a Policy Pulse on “Laws on safeguarding national security”. This issue provides a brief overview of the key points of the dual legislation on national security, namely the HKNSL and the Safeguarding National Security Ordinance, how the dual legislation properly protects human rights and ensures that the public will not be inadvertently caught by the law, its role in contributing to the prosperity and stability of Hong Kong, as well as relevant discussions of LegCo along with suggestions by Members.
 
     National security is a matter of top priority for any state. The enactment of laws on safeguarding national security is an inherent right of every sovereign state, and also an international practice. The Policy Pulse outlines the latest situation of national security laws enacted by some foreign countries, including the Countering Foreign Interference Act introduced by Canada in 2024, and the New Zealand Parliament is also scrutinising the Crimes (Countering Foreign Interference) Amendment Bill aimed at addressing foreign interference. Meanwhile, the United States and the United Kingdom each has at least 21 pieces and 14 pieces of national security-related legislation respectively.
 
     The dual legislation on national security, together with the Office for Safeguarding National Security of the Central People’s Government of the People’s Republic of China in Hong Kong Special Administrative Region (HKSAR) and the Committee for Safeguarding National Security of HKSAR, have jointly established a comprehensive and effective legal system and enforcement mechanisms for safeguarding national security, reflecting the implementation of national security within the purview of the Central Authorities and as the constitutional duty of HKSAR.
 
     The Policy Pulse also highlights that since the implementation of the dual legislation on national security, Hong Kong ranks highly in a number of international ratings, including global financial centre status, economic freedom, inward foreign direct investment recipient, and world competitiveness. Hong Kong ranked as the world’s freest economy in the Economic Freedom of the World 2024 Annual Report, with the number of overseas companies based in Hong Kong stood at 9 960 in 2024, a nearrly 10 percent rise from the previous year. These achievements reflect the international community’s continued strong confidence in Hong Kong. They also attest to how improved laws and enforcement mechanisms for safeguarding national security help maintain Hong Kong’s political and social stability and cultivate a more secure, liberal, open and expectable business environment, which plays a solid and fundamental role in safeguarding the stability and prosperity of Hong Kong, and further enabling the city’s advancement from stability to prosperity.
 
     The Safeguarding National Security Bill was passed by LegCo in a historic unanimous vote on the Third Reading on March 19, 2024. The Policy Pulse outlines LegCo’s scrutiny of the Bill and highlights Member’s views on the follow-up work after the Bill’s passage. Members suggested that various bureaux, departments, statutory bodies, etc., establish codes, procedures or guidelines to ensure that national security is regarded as an important consideration when discharging their day-to-day functions and implementing any programmes or projects. Members also considered that the Administration should ensure that public officers fully understand the contents of national security laws and abide by the requirements of these laws in discharging their duties.
 
     Members suggested the Administration step up public education on all fronts to enable the public, the business sector and investors to understand the implementation of the dual legislation on national security in a clear and easily comprehensible manner. The Administration should also effectively carry out its explanatory work to the international community, including making good use of the networks of overseas Hong Kong Economic and Trade Offices and Invest Hong Kong to explain to various overseas sectors how the dual legislation on national security effectively safeguards national security in Hong Kong in accordance with the rule of law principle, while at the same time fully respects and protects human rights. Members expected that the Administration proactively enhance its efforts in attracting enterprises and investment so that Hong Kong could serve as a “super-connector” and a “super value-adder” for the world, as well as continuing to take the initiative to clarify and rebut inaccurate remarks and unwarranted smears against the HKSAR’s work on safeguarding national security.
 
     The detailed content of “Laws on safeguarding national security” is available on the LegCo Website. The Policy Pulse, published by the LegCo Secretariat, covers specific topics, offers a comprehensive overview of related policy developments and summarises key discussions in LegCo.

Raksha Rajya Mantri Shri Sanjay Seth calls on Tanzanian Vice-President Mr Philip Isdor Mpango and Minister of Defence & National Service Dr Stergomena Lawrence Tax in Dar es Salaam

Source: Government of India

Posted On: 14 APR 2025 11:00PM by PIB Delhi

Raksha Rajya Mantri Shri Sanjay Seth called on Vice-President of Tanzania Mr Philip Isdor Mpango and Minister of Defence & National Service Dr Stergomena Lawrence Tax in Dar es Salaam on April 14, 2025. During his meeting with the Tanzanian Vice-President, Raksha Rajya Mantri updated him on the Africa-India Key Maritime Engagement cooperation from Indian defence industries to exercise (AIKEYME) and Defence Expo inaugurated on April 13, 2025. He offered to fulfil the defence requirements of Tanzania People’s Defence Force. India-Tanzania development partnership, cultural connections and cooperation in health and education were also discussed. 

During the meeting between Tanzanian Minister of Defence & National Service and Raksha Rajya Mantri, the ongoing defence cooperation was reviewed and new ways were explored to further bolster the ties. Training of Tanzania officers in military training institutes of India, defence industry collaboration, cooperation in counter-insurgency and counter-terrorism operations, and cyber security were some of the key areas of cooperation deliberated upon during the meeting. 

Raksha Rajya Mantri ended his day with an Indian Community event where he highlighted the progress India has made in various spheres in recent years. He dwelt upon the contribution of the Indian diaspora in growth and prosperity of not only India but Tanzania too. He visited Sanatan Dharma and Swaminarayan Mandir prior to the interaction with the Indian community. He also participated in the Ambedakar Jayanti celebrations organised in the High Commission of India in Tanzania.

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SR/Savvy

(Release ID: 2121709) Visitor Counter : 87

PM extends warm wishes on occasion of Poila Boishakh

Source: Government of India

Posted On: 15 APR 2025 8:38AM by PIB Delhi

The Prime Minister Shri Narendra Modi today extended warm wishes on occasion of Poila Boishakh.

In a post on X, he wrote:

“Greetings on Poila Boishakh!”

 

 

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MJPS/SR

(Release ID: 2121707) Visitor Counter : 123

Three property owners fined over $400,000 in total for not complying with statutory orders

Source: Hong Kong Government special administrative region

     Three property owners were convicted and fined over $400,000 in total by the court late last month and early this month respectively for failing to comply with statutory orders issued under the Buildings Ordinance (BO) (Cap. 123).

     The first case involved the alteration of 14 units on two floors into mini-storage areas in an industrial building at Hi Yip Street, Yuen Long. The alteration and addition works were carried out without prior approval and consent from the Buildings Department (BD) and obstructed the means of escape and access for firefighting and rescue units, while affecting the fire resistant construction of the building, which contravened the Building (Planning) Regulations and the Building (Construction) Regulation. The alterations also rendered the building as dangerous, therefore removal orders and repair orders were served on the owner under section 24(1) and section 26 of the BO.

     Failing to comply with the removal orders and the repair orders, the owner was prosecuted by the BD and was fined $220,690 in total, of which $38,690 was the fine for the number of days that the offences continued, upon conviction at the Tuen Mun Magistrates’ Courts on March 28.

     The second case involved unauthorised building works (UBWs) at a three-storey house at Yu Chui Street, Tai Lam, Tuen Mun, which included the removal of the approved railing at a garden adjoining the slope and the construction of unauthorised structures with an area of about 400 square metres on the slope. The illegal works also included the removal of an external wall and the erection of an unauthorised structure with an area of about 10 sq m on the lower ground floor, the erection of an unauthorised structure with an area of about 20 sq m on the flat roof, and the erection of supporting frames for solar panels with an area of about 28 sq m on the roof. As the UBWs were carried out without prior approval and consent from the BD, removal orders were served on the owner under section 24(1) of the BO.

     Failing to comply with the orders, the owner was prosecuted by the BD and was fined $100,860 in total by the court, of which $42,860 was the fine for the number of days that the offence continued, upon conviction at the Tuen Mun Magistrates’ Courts on March 28.

     The third case involved an unauthorised structure with an area of about 130 sq m on the flat roof of a residential building at Tung Ming Street, Kwun Tong. As the UBWs were carried out without prior approval and consent from the BD, a removal order was served on the owner under section 24(1) of the BO.

     Failing to comply with the removal order, the owner was prosecuted by the BD in 2017 and was fined $25,650 upon conviction by the court. As the owner persisted in not complying with the removal order, the BD instigated prosecution again last year. The owner was subsequently fined $84,460, of which $54,460 was the fine for the number of days that the offence continued, upon conviction at the Kwun Tong Magistrates’ Courts on April 1.

     A spokesman for the BD said today (April 15), “UBWs, including the unauthorised alterations causing obstruction to the means of escape and means of access for firefighting and rescue, or affecting the fire resisting construction of a building, may lead to serious consequences. The owners concerned must comply with the statutory orders issued by the BD without delay. The BD will continue to take enforcement action against owners who fail to comply with statutory orders, including instigation of prosecution, to ensure building safety.”

     Failure to comply with a removal order without reasonable excuse is a serious offence under the BO. The maximum penalty upon conviction is a fine of $200,000 and one year’s imprisonment, and a further fine of $20,000 for each day that the offence continues. Moreover, failure to comply with a repair order without reasonable excuse is a serious offence. The maximum penalty upon conviction is a fine of level 5 ($50,000 at present) and one year’s imprisonment, and a further fine of $5,000 for each day that the offence continues.

Senior Counsel appointed

Source: Hong Kong Government special administrative region

The following is issued on behalf of the Judiciary:

     Chief Justice Andrew Cheung, Chief Justice of the Court of Final Appeal, is pleased to announce today (April 15) the appointment of three Senior Counsel of the Hong Kong Special Administrative Region. They are:

Ms Catrina Lam Ding-wan
Ms Priscilia Lam Tsz-ying
Mr Timothy Edward David Parker

     The appointments are made by the Chief Justice under section 31A of the Legal Practitioners Ordinance.

     These appointments will take effect upon the proclamation of the Instruments of Appointment during the ceremonial proceedings at which the appointees will be called to the Inner Bar. The ceremony will take place at 10am on Saturday, June 7, 2025, in the Court of Final Appeal and will be broadcast live for the public to view.  

     Brief biographical notes on each appointee are included below:

Ms Catrina Lam Ding-wan

Ms Catrina Lam Ding-wan, aged 47, obtained a Bachelor of Laws degree from University College London and a Master of Arts degree in European Union Competition Law from King’s College London. She was admitted to the Hong Kong Bar in 1999. She primarily practises in commercial and competition law, handling both litigation and arbitration matters, but also has experience in public law.

Ms Priscilia Lam Tsz-ying

Ms Priscilia Lam Tsz-ying, aged 47, obtained a Bachelor of Laws degree and subsequently a Master of Laws degree in Chinese Law from the University of Hong Kong, and also a Master of Arts degree in Arbitration and Dispute Resolution from the City University of Hong Kong. She was admitted to the Hong Kong Bar in 2000. She specialises in criminal law and appears regularly for both the prosecution and the defence.

Mr Timothy Edward David Parker

Mr Timothy Edward David Parker, aged 42, obtained a Bachelor of Arts degree from the University of Melbourne, a Bachelor of Laws degree from the University of Hong Kong and a Master of Law degree from the University of Cambridge. He was admitted to the Hong Kong Bar in 2009. In addition to a general civil and commercial practice including competition and regulatory work, he is particularly recognised for his expertise in public law and constitutional matters.