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Source: Hong Kong Government special administrative region – 4

     The Electrical and Mechanical Services Department (EMSD) today (November 25) announced an adjustment to the auto-LPG (liquefied petroleum gas) ceiling prices for dedicated LPG filling stations from December 1 to December 31, 2025, in accordance with the terms and conditions of the contracts for dedicated LPG filling stations.

     A department spokesman said that the adjustment on December 1, 2025, would reflect the movement of the LPG international price in November 2025. The adjusted auto-LPG ceiling prices for dedicated LPG filling stations would range from $3.05 to $3.96 per litre, amounting to a decrease of $0.07 to $0.08 per litre. 

     The spokesman said that the auto-LPG ceiling prices were adjusted according to a pricing formula specified in the contracts. The formula comprises two elements – the LPG international price and the LPG operating price. The LPG international price refers to the LPG international price of the preceding month. The LPG operating price is adjusted on February 1 and June 1 annually according to the average movement of the Composite Consumer Price Index and the Nominal Wage Index. 

     The auto-LPG ceiling prices for respective dedicated LPG filling stations in December 2025 are as follows:
 

 
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.hk) and posted at dedicated LPG filling stations to enable the trades to monitor the price adjustment.

Details of the pricing adjustment mechanism for dedicated LPG filling stations can also be viewed under the “What’s New” section of the department website at www.emsd.gov.hk/en/what_s_new/current/index.html.

Source: Hong Kong Government special administrative region – 4

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

The Hong Kong Mortgage Corporation Limited (HKMC) announced today (November 25) the successful issuance of its multi-currency public benchmark bonds totalling HK$25.3 billion (or US$3.3 billion equivalent) (Issuance) under its US$30 billion Medium Term Note Programme. 

Following a series of effective investor roadshows, the Issuance was book-built and priced in Hong Kong on November 18, 2025. The landmark Issuance was the HKMC’s largest-ever public bond offering, breaking its own record set in October 2024 when it launched its third social bonds of HK$23.8 billion equivalent.

The multi-currency benchmark bond issuance with four tranches comprises HK$10 billion 2-year, CNH 5 billion 3-year and US$1 billion 5-year bonds in conventional bond format; and a 30-year HK$2 billion bond in social bond format. The Issuance was well received by a diverse group of high-quality local, Southbound Bond Connect and international institutional investors, including multilateral development banks, government-related funds, banks, insurance companies, MPF and pension funds, asset management companies and private banks, with a combined peak orderbook of around HK$80 billion equivalent and final allocation to around 250 accounts. 

The 30-year Hong Kong dollar (HKD) social bond tranche is the largest-ever 30-year HKD bond issuance in Hong Kong, and also the first-ever social bond issuance in Asia Pacific with proceeds being used to support the HKMC’s Reverse Mortgage Programme (RMP) that provides essential financing for the elderly in Hong Kong. Major terms of the Issuance are highlighted in the Annex.

The RMP is one of the “HKMC Retire 3” products offering retirement planning solution for elderly homeowners to unlock the values of their properties to provide a supplementary cashflow, thereby helping the elderly to maintain their quality of life during retirement, and to meet healthcare and other livelihood needs. As at end-October 2025, the HKMC has received 8 776 applications under the programme with an average property value of around HK$5.5 million and average monthly payout of around HK$15,900. The average age of borrowers was 69 years old.

     Deputy Chief Executive of the Hong Kong Monetary Authority and Executive Director of the HKMC Mr Howard Lee said, “This landmark multi-currency bond issuance has further solidified Hong Kong’s position as Asia’s leading international bond issuance hub and the premier offshore Renminbi business centre. The Issuance also further underscored the HKMC’s role in fostering the development of public bond market across various currencies and tenors, paving the way for other issuers to better connect with local, Chinese Mainland and overseas investors.”

     Executive Director and the Chief Executive Officer of the HKMC, Mr Colin Pou, said, “This record-breaking bond issuance has proven to be highly effective in bringing new investors to the Hong Kong capital market. It was also a testament to investors’ unwavering confidence in Hong Kong and the HKMC. Moreover, the first-ever social bond tranche dedicated for reverse mortgage loans not only promoted sustainable financing and financial inclusion for the elderly, but also made contribution to the development of retirement planning market and silver economy in Hong Kong.”

The HKMC appreciates the professional advice and tremendous support from the Joint Global Coordinators, Joint Bookrunners, Joint Lead Managers and the Joint Structuring Banks, which comprised a total of 29 local and international financial institutions, in making the Issuance successful. The list of participated financial institutions is set out at the Annex.

The social bond tranche was issued pursuant to the HKMC’s Social, Green and Sustainability Financing Framework (SGS Framework). Details of the SGS Framework, the Second-Party Opinion for the SGS Framework, and the Pre-issuance Second-Party Opinion report for the transaction are available at www.hkmc.com.hk/eng/investor_relations/sustainable_finance.html.

Source: Hong Kong Government special administrative region – 4

The Flagstaff House Museum of Tea Ware will stage the “Hong Kong Artist Dialogue Series: Shape of Tea” exhibition starting from tomorrow (November 26), featuring 35 sets of tea ware of various types, such as tea bowls, tea caddies and teapots, from the museum’s collections spanning the Song dynasty to the 20th century, along with 20 sets of new wood and bamboo works created by Hong Kong artists Yan Yung and Inkgo Lam. The two artists integrate the aesthetics of the Song dynasty, with rustic simplicity and unpretentious elegance, into daily life. They delve into tea culture and uncover its intriguing connection to Hong Kong, engaging visitors in a journey that transcends tradition and modernity.

The exhibition is divided into four galleries: “Aesthetic Ambience”, “Accumulation of Time”, “Frozen in Space” and “Art of Tea Tasting”. Exhibits include a tea bowl with hare’s fur russet markings in black glaze Jian ware from the Southern Song dynasty; a globular shaped teapot with a hen and butterflies design in reserved panels on red enamel and gilt on blue ground from the Qing dynasty; a purple clay teapot encased in carved red lacquer with archaic dragons on diaper ground, and a cylindrical shaped teapot with an eight-lobed outer wall pierced with a bamboo motif from the 18th century.

Drawing inspiration from the museum’s collections, wood artist Yung and bamboo artist Lam created nine and 11 sets of works, respectively. The works inherit the traditional craftsmanship of joinery and bamboo weaving, and integrate expressions of contemporary art. Their works are diverse in form, featuring small tea bowls that highlight the natural grains of wood, exquisite bamboo carved tea ware, as well as mortise tea racks approximately 2 metres tall and bamboo woven tea tables over 3m long, interpreting the enjoyment of tea drinking among urbanites who capture moments of leisure amidst their busy lives.

The artists emphasise intriguing connections with Hong Kong during their creative process. They draw inspiration from flora and fauna named after Hong Kong, as well as urban and rural landscapes. Through warm wood and resilient bamboo, they express their visions of Hong Kong’s uniqueness in their works.

The tea room, meticulously constructed by Yung in the museum’s Activity room on the G/F, will provide visitors with a space to relax and reflect. Various tea-related activities will also be held in the tea room, including a tea demonstration and a special “tea contest”, as well as artist workshops on wooden and bamboo tea-ware making.

The Flagstaff House Museum of Tea Ware is located at 10 Cotton Tree Drive, Central (inside Hong Kong Park). For details of the exhibition, please visit the website at hk.art.museum/en/web/ma/mt-thematic-exhibition.html.

Source: Hong Kong Government special administrative region

     The Centre for Food Safety (CFS) of the Food and Environmental Hygiene Department announced today (November 25) that in view of notifications from the General Directorate of Food and Veterinary of Portugal and the World Organisation for Animal Health (WOAH) about an outbreak of highly pathogenic avian influenza in Santarém District in Portugal, and outbreaks of highly pathogenic H5N1 avian influenza in areas in Poland, Italy, Belgium, Ireland and the United Kingdom (UK) respectively, the CFS has instructed the trade to suspend the import of poultry meat and products (including poultry eggs) from the relevant areas with immediate effect to protect public health in Hong Kong.

     The relevant areas are as follows:

Portugal
—-
(1) Santarém District

Poland
—-
Opolskie Region
(2) NamysÅ‚ów District

Italy
—-
Lombardia Region
(3) Province of Varese

Belgium
—-
(4) Namur Province

Ireland
—-
(5) County Laoighis

UK
—-
South Yorkshire County
(6) City of Doncaster

     A CFS spokesman said that Hong Kong has currently established a protocol with Ireland for the import of poultry meat but not for poultry eggs. According to the Census and Statistics Department, in the first nine months of this year, while no poultry meat or eggs were imported into Hong Kong from Portugal, Hong Kong imported about 1 870 tonnes of frozen poultry meat from Poland; about 90 tonnes of frozen poultry meat and about 9 000 poultry eggs from Italy; about 30 tonnes of frozen poultry meat from Belgium; about 20 tonnes of frozen poultry meat from Ireland; and about 770 tonnes of chilled and frozen poultry meat and about 1.17 million poultry eggs from the UK.

     “The CFS has contacted the Portuguese, Polish, Italian, Belgian, Irish and British authorities over the issues and will closely monitor information issued by the WOAH and the relevant authorities on the avian influenza outbreaks. Appropriate action will be taken in response to the development of the situation,” the spokesman said.

Source: Hong Kong Government special administrative region

     The Transport Department (TD) today (November 25) announced that the auction of vehicle registration marks will be held on December 13 (Saturday) at Meeting Room S421, L4, Old Wing, Hong Kong Convention and Exhibition Centre, Wan Chai.

     “A total of 100 personalised vehicle registration marks (PVRMs) will be put up for public auction in the morning session, and 220 traditional vehicle registration marks (TVRMs) will be put up for auction in the afternoon session. The list of marks has been uploaded to the department’s website, www.td.gov.hk/en/public_services/vehicle_registration_mark/index.html(ii) the identity document of the purchaser if it is different from the successful bidder;
(iii) a copy of the Certificate of Incorporation if the purchaser is a body corporate; and
(iv) a crossed cheque payable to “The Government of the Hong Kong Special Administrative Region” or “The Government of the HKSAR”. Any bidder who wishes to bid for both TVRMs and PVRMs on the same day, should bring along at least two crossed cheques for payment of auction prices (for an auctioned mark paid for by cheque, the first three working days after the date of auction will be required for cheque clearance confirmation before processing of the application for mark assignment can be completed). Successful bidders may also pay through the Easy Pay System (EPS), but are reminded to note the maximum transfer amount on the same day of the payment card. Payment by post-dated cheque, cash, credit card or other methods will not be accepted.

Source: Hong Kong Government special administrative region – 4

Following is the speech by the Secretary for Culture, Sports and Tourism, Miss Rosanna Law, at the kick-off ceremony of Fashion to Reconnect: A Tale of Two Style Capitals today (November 25):

Vice President Li (Vice President for Talent and International Strategy and Chair Professor of Biomedical Engineering, Department of Mechanical Engineering, the City University of Hong Kong, Professor Li Wen-jung), Professor Ho (Dean of the College of Liberal Arts and Social Sciences of the City University of Hong Kong, Professor Alfred Ho), Consul General Ficarra (Consul General of Italy in Hong Kong and Macao, Mr Carmelo Ficarra), Mr Naldini (Director of Fondazione Pistoletto Cittadellarte and representative of Third Paradise, Mr Paolo Naldini), Ms Maino (Ambassador of Camera Nazionale della Moda Italiana (CNMI), Ms Sara Sozzani Maino), Mr Guardini (Conscious Creative Director of the Fashion to Reconnect, Mr Tiziano Guardini), distinguished guests, ladies and gentlemen,

Good afternoon, and a very warm welcome to “Fashion to Reconnect: A Tale of Two Style Capitals”.

It is my tremendous pleasure to join you at this special moment, where Hong Kong and Italy meet through the powerful lenses of fashion, art and sustainability. 

“Fashion to Reconnect” is organised by the City University of Hong Kong, supported by the Consulate General of Italy in Hong Kong, and brought to life in partnership with Fondazione Pistoletto Cittadellarte, and Camera Nazionale della Moda Italiana, or CNMI in brief, the esteemed organiser of Milan Fashion Week. My heartfelt thanks to all our partners for making this visionary programme a reality in Hong Kong. We eagerly anticipate even closer collaborations between Hong Kong and Italy in the cultural and creative industries.

At the heart of this project is the visionary concept of the Third Paradise by Michelangelo Pistoletto – a call to rebalance artifice and nature. Hong Kong’s interpretation is both ambitious and uniquely our own: six site-specific Third Paradise art installations are unfolding across five of our city’s cultural landmarks. These include the Sophia Loren House in Wan Chai, Hong Kong International Airport, the main campus of the City University of Hong Kong, the Hong Kong Cultural Centre, and the Hung Hom Harbourfront Promenade. These works invite everyone to experience sustainability in familiar urban spaces, reimagined through fabrics, movement, light and storytelling.

Here at ArtisTree, the “Fashion to Reconnect” exhibition, curated by Mr Tiziano Guardini, brings together sustainable masterpieces from 16 Italian brands and artisans with the creativity of nine Hong Kong-based designers. From couture craftsmanship to circular materials, from archive footwear to experimental silhouettes, this is a journey that elevates fashion as both an artistic medium and a social fabric. 

In the coming days, we will convene a symposium, a roundtable and seminars, gathering elite professionals from Italy, Hong Kong and the Greater Bay Area. These platforms are designed to exchange perspectives on sustainable fashion and cross-sector collaboration, fostering partnerships that will amplify the impact of creativity across global markets.

“Fashion to Reconnect” is a highlight of the Hong Kong Fashion Fest 2025. Sponsored by the Cultural and Creative Industries Development Agency and organised by our industry partners, the Hong Kong Fashion Fest is transforming our city into a dazzling stage for global fashion and creative dialogue from November 22 to December 7. We are proud to “bring in” global excellence, while “going out” with Hong Kong’s distinctive voice.

Finally, as we look to the future, I would like to encourage all eligible voters in Hong Kong to fulfil our civic responsibility by voting in the 2025 Legislative Council General Election on December 7. Together, we can continue to build a better Hong Kong.

Before I close, I wish to congratulate “Fashion to Reconnect” on a grand opening and convey my very best wishes for “Fashion to Reconnect” a resounding success. Thank you.

Source: Hong Kong Government special administrative region – 4

     The Census and Statistics Department (C&SD) released today (November 25) the external merchandise trade statistics for October 2025. In October 2025, the values of Hong Kong’s total exports and imports of goods both recorded year-on-year increases, at 17.5% and 18.3% respectively.
 
     In October 2025, the value of total exports of goods increased by 17.5% over a year earlier to $461.8 billion, after a year-on-year increase by 16.1% in September 2025. Concurrently, the value of imports of goods increased by 18.3% over a year earlier to $501.7 billion in October 2025, after a year-on-year increase by 13.6% in September 2025. A visible trade deficit of $39.9 billion, equivalent to 8.0% of the value of imports of goods, was recorded in October 2025.
 
     For the first ten months of 2025 as a whole, the value of total exports of goods increased by 13.8% over the same period in 2024. Concurrently, the value of imports of goods increased by 13.6%. A visible trade deficit of $334.0 billion, equivalent to 7.3% of the value of imports of goods, was recorded in the first ten months of 2025.
 
     Comparing the three-month period ending October 2025 with the preceding three months on a seasonally adjusted basis, the value of total exports of goods decreased by 1.6%. Meanwhile, the value of imports of goods decreased by 1.9%.
 
Analysis by country/territory
 
     Comparing October 2025 with October 2024, total exports to Asia as a whole grew by 15.6%. In this region, increases were registered in the values of total exports to most major destinations, in particular Malaysia (+139.4%), Vietnam (+56.0%), Taiwan (+50.2%), India (+31.8%) and Chinese Mainland (the Mainland) (+9.8%).
 
     Apart from destinations in Asia, increases were registered in the values of total exports to most major destinations in other regions, in particular the Netherlands (+56.8%) and the USA (+40.5%).
 
     Over the same period of comparison, increases were registered in the values of imports from most major suppliers, in particular Vietnam (+189.1%), the United Kingdom (+55.7%), Malaysia (+25.1%), Singapore (+20.8%) and the Mainland (+18.4%). On the other hand, a decrease was recorded in the value of imports from the USA (-10.4%).
 
     Comparing the first ten months of 2025 with the same period in 2024, increases were registered in the values of total exports to most major destinations, in particular Malaysia (+53.7%), Vietnam (+52.8%), Taiwan (+40.0%), the Mainland (+15.8%) and Japan (+14.1%).
 
     Over the same period of comparison, increases were registered in the values of imports from most major suppliers, in particular Vietnam (+89.5%), the United Kingdom (+47.1%), Taiwan (+20.9%), Malaysia (+19.7%) and the Mainland (+13.3%). On the other hand, a decrease was recorded in the value of imports from Korea (-16.0%).
 
Analysis by major commodity
 
     Comparing October 2025 with October 2024, increases were registered in the values of total exports of most principal commodity divisions, in particular “electrical machinery, apparatus and appliances, and electrical parts thereof” (by $30.3 billion or +16.1%) and “telecommunications and sound recording and reproducing apparatus and equipment” (by $17.6 billion or +35.7%). 
 
     Over the same period of comparison, increases were registered in the values of imports of some principal commodity divisions, in particular “electrical machinery, apparatus and appliances, and electrical parts thereof” (by $40.6 billion or +21.5%) and “telecommunications and sound recording and reproducing apparatus and equipment” (by $23.2 billion or +45.5%).
 
     Comparing the first ten months of 2025 with the same period in 2024, increases were registered in the values of total exports of most principal commodity divisions, in particular “electrical machinery, apparatus and appliances, and electrical parts thereof” (by $284.0 billion or +15.9%) and “office machines and automatic data processing machines” (by $122.3 billion or +28.0%).
 
     Over the same period of comparison, increases were registered in the values of imports of most principal commodity divisions, in particular “electrical machinery, apparatus and appliances, and electrical parts thereof” (by $300.4 billion or +16.8%) and “office machines and automatic data processing machines” (by $109.4 billion or +30.1%).
 
Commentary
 
     A Government spokesman said that the value of merchandise exports grew markedly further by 17.5% in October over a year earlier. Exports to most major markets saw robust growth. Analysed by commodity, exports of most major commodities increased, particularly for exports of electrical equipment, machinery and mechanical appliances which sustained strong growth.
 
     Looking ahead, sustained moderate growth of the global economy, coupled with easing in external trade policy uncertainty recently and persistent demand for electronic-related products, should be conducive to Hong Kong’s merchandise trade growth in the near term. The Government’s ongoing effort to enhance Hong Kong’s economic and trade ties with different markets will also continue to provide support. Yet, the lingering impacts of trade barriers still warrant attention. The Government will stay vigilant.
 
Further information
 
     Table 1 presents the analysis of external merchandise trade statistics for October 2025. Table 2 presents the original monthly trade statistics from January 2022 to October 2025, and Table 3 gives the seasonally adjusted series for the same period.
 
     The values of total exports of goods to 10 main destinations for October 2025 are shown in Table 4, whereas the values of imports of goods from 10 main suppliers are given in Table 5.
 
     Tables 6 and 7 show the values of total exports and imports of 10 principal commodity divisions for October 2025.
 
     All the merchandise trade statistics described here are measured at current prices and no account has been taken of changes in prices between the periods of comparison. A separate analysis of the volume and price movements of external merchandise trade for October 2025 will be released in mid-December 2025.
 
     The October 2025 issue of “Hong Kong External Merchandise Trade” contains detailed analysis on the performance of Hong Kong’s external merchandise trade in October 2025 and will be available in early December 2025. Users can browse and download the report at the website of the C&SD (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1020005&scode=230).
 
     Enquiries on merchandise trade statistics may be directed to the Trade Analysis Section of the C&SD (Tel: 2582 4691).

Source: Hong Kong Government special administrative region – 4

The following is issued on behalf of the Advisory Committee on Arts Development:
 
The Advisory Committee on Arts Development (ACAD) today (November 25) launched the 15th-round funding exercise under the Arts Capacity Development Funding Scheme (ACDFS).

The ACDFS provides funding support for innovative and impactful proposals that contribute to four objectives, namely capacity development of arts practitioners, arts groups, art forms and/or the arts sector; programme/content development; audience building; and arts education. Over 200 successful applications have received funding in the previous 14 rounds, covering various art forms and practices, such as performing arts, visual/media arts, multidisciplinary arts, community arts, and arts education/appreciation/promotion.

The assessment criteria for applications include artistic/professional merit, creativity and originality, impact on the arts sector and the community, technical feasibility of the proposed initiatives/activities, capacity in financial planning and management, and the management ability of the applicant and the project team.

A provision of approximately $50 million will be available for the 15th-round funding exercise of the ACDFS, in the form of Springboard Grant, a matching grant, and Project Grant, a direct grant. Successful Project Grant applicants may also receive additional Incentive Matching Sum for non-government sponsorship and/or donations during project implementation. 
 
The 15th-round funding exercise under the ACDFS is open for application from today and will close at 6pm on January 20, 2026. Applications can be submitted online, by post or by hand. The Guide to Application and relevant materials have been uploaded to the website of the Culture, Sports and Tourism Bureau (www.cstb.gov.hk). The Secretariat of the ACDFS will arrange a briefing session on December 17 at the East Kowloon Cultural Centre. Representatives of the ACAD and the ACDFS grantees will attend to share experiences with potential applicants. Details can be found on the above website. The application results are expected to be released around July 2026.

Source: Hong Kong Government special administrative region

     The Government today (November 25) urges members of the public to be cautious of a suspicious website titled “TKO Tunnel to Lam Tin” (https[:]//www[.]tko-ltt[.]hk), which contains false information about the Tseung Kwan O-Lam Tin Tunnel, including the project scope, project progress, project costs and relevant studies. 

     A Government spokesman stressed that the Tseung Kwan O-Lam Tin Tunnel was commissioned on December 11, 2022, rather than in 2028 as stated on the suspicious website. Following the completion of the project, the original project website of the Civil Engineering and Development Department (CEDD) was closed on April 30 this year. The suspicious website and all of its content have no connection with the CEDD, the Transport Department or the daily management, operation and maintenance of the Tseung Kwan O-Lam Tin Tunnel. The case has been reported to the Police.

     The Government reminds members of the public to stay alert and refrain from disclosing any personal information to suspicious websites. For enquiries, please contact the CEDD at 2762 5111 or by email at enquiry@cedd.gov.hk.

Source: Hong Kong Government special administrative region