MIL Asia Pacific Publishing Engine

Source: Hong Kong Government special administrative region

     Following is the speech by the Chief Executive, Mr John Lee, at the Hong Kong Association of Banks Distinguished Speaker Luncheon today (November 21):

Ms Mary Huen (Chairperson of the Hong Kong Association of Banks), distinguished guests, ladies and gentlemen,

     Good afternoon. I am pleased to join you, once again, for this Distinguished Speaker Luncheon. It brings together Hong Kong’s financial industry leaders here today to share insights and intelligence on a wide variety of industry issues and developments. 

     The Association now represents 149 high-profile member banks from 33 countries and regions. More than a tradition, this event is – and you are – a powerful testament to the vitality and ambition of Hong Kong’s banking sector. 

     Evidence of our collective progress is clear and compelling. From the beginning of the year to this September, bank deposits in Hong Kong went up more than 10 per cent, totalling some 2.4 trillion US Dollars. 

     And Hong Kong continues to shine on the global stage, recently ranked again world’s no. 1 in economic freedom by the Canadian-based Fraser Institute. We placed third in the World Competitiveness Yearbook, and third again in the Global Financial Centres Index. 

     These and a good many other achievements demonstrate the resilience of our market and the dynamism you, our financial leaders, bring to Hong Kong. They reflect the confidence the international community places in our financial system, the rule of law and our future.

     A central pillar of the HKSAR (Hong Kong Special Administrative Region) Government’s strategy for advancing Hong Kong’s economic growth, is the strategic expansion of our international network. 

     My participation, three weeks ago, in the APEC (Asia-Pacific Economic Cooperation) Economic Leaders’ Meeting in Korea and the China International Import Expo in Shanghai underscore the immense value of these global partnerships. 

     To better capitalise on Hong Kong’s global connections, we launched the GoGlobal Task Force last month. This concerted, cross-sectoral Task Force will help to connect Mainland companies with global markets. Connecting Mainland companies with global markets is a key of my government’s strategy this year and the years ahead. This will attract international capital and companies to Hong Kong. 

     The initiative is designed to strengthen Hong Kong’s position as the premier gateway for two-way investment and trade, reinforcing our role as a “super connector” and “super value-adder”.

     Expanding our international network also means intensifying our focus on the economies of Southeast Asia. I am pleased to note that the Hong Kong Monetary Authority is collaborating with your Association, as well as the Hong Kong General Chamber of Commerce and the Federation of Hong Kong Industries. Together, you will lead delegations comprising banking representatives and small and medium enterprises (SMEs) to explore business opportunities in key markets of the region.

     I’m also pleased to know that the Association is working to expand its connectivity, with ASEAN (Association of Southeast Asian Nations) a particular focus this year. 

     In boosting these connections, we open new markets. No less important, we build lasting economic ties to fuel Hong Kong’s long-term growth.

     Of paramount importance to that bright future are our SMEs, which form the backbone of Hong Kong’s economy. Supporting our 360,000 SMEs is critical to Hong Kong’s overall development. To ensure that they thrive in this period of global economic uncertainty, we have introduced a wide variety of support measures.

     They include extending the application period for the 80 per cent Guarantee Product under the SME Financing Guarantee Scheme for two years, with a one-year extension of the principal moratorium arrangement. 

     I encourage banks to adopt a flexible and accommodating approach in processing loans by companies with a repayment ability. Together, we will work to ensure that temporary cash-flow challenges do not stifle or deter promising businesses.

     To fast-track that promising growth, we will also put the spotlight on driving innovation and efficiency. To promote digital trade, the Monetary Authority will develop a roadmap for Project CargoX by year’s end, working with the Airport Authority Hong Kong and the Transport and Logistics Bureau’s Port Community System. The Project will promote the use of authentic multi-modal cargo data in banking workflows, to reduce credit costs and processing times for both banks and SMEs.

     We are, as well, injecting 1.43 billion Hong Kong Dollars into the Dedicated Fund on Branding, Upgrading and Domestic Sales, expanding its geographical scope to eight more economies, including Belt and Road countries. Concurrently, we are enhancing Cyberport’s Digital Transformation Support Pilot Programme. This will provide matching subsidies for SMEs adopting essential AI and cybersecurity solutions, future-proofing their operations in an increasingly digital world.

     A thriving market cannot be built on economic policies alone, however. It requires a foundation of trust and security. This is why our joint commitment to promoting anti-fraud education and combating financial crime is vital. 

     As digital threats intensify, the banking sector’s frontline role in educating and protecting customers, especially the elderly and other vulnerable groups, is an invaluable social safeguard. 

     We welcome the Monetary Authority’s ongoing development of relevant guidelines in collaboration with the industry. And the Association’s establishment of the Anti-Fraud Education Taskforce, which has conducted over 110 outreach activities targeting different groups of the community, is encouraging. 

     The Banking (Amendment) Ordinance 2025 began operation this month, to enhance the ability of banks to combat fraud through wider information sharing. The collaborative work between the Monetary Authority and the Police, using tools like the “Scameter” search engine, is also hampering criminal networks. 

     Hong Kong takes a hard line against fraud and money laundering. Since the end of 2023, we have been applying to the courts, under relevant legal provisions, to seek enhanced penalties for cases involving stooge accounts. At last count, the sentences of 169 stooge account holders have risen, with terms of imprisonment ranging from 21 to 75 months. That’s up at least 10 per cent and, in some cases, over 30 per cent than before. 

     The Association’s vigilance at the counter, together with your educational campaigns and collaboration with law enforcement, contribute substantially to the integrity and stability of Hong Kong’s entire financial system. 

     Ladies and gentlemen, the Government is committed to opening new markets, creating supportive environments for SMEs and ensuring a safe operating landscape. But the path to economic and market growth is a collective one. 

     The active participation of the Association, and the banking sector in general, is essential to the development and progress of our great city. Your expertise and commitment are the very engines of Hong Kong’s long-term prosperity.

     Also vital to Hong Kong’s development is the upcoming Legislative Council (LegCo) General Election. The LegCo is vested with the power of enacting laws, examining and approving government budgets, and debating issues concerning public interests. I am glad to note that different banks and financial corporations have responded, positively, to the Government’s call for action, and are providing facilitation measures to staff for voting in the election. I appeal to all of you, and your friends and families, to cast your vote on December 7th. Together, we will create a brighter future for Hong Kong. 

     On that note, I wish you the best of business in the coming year. Thank you very much!

Source: Hong Kong Government special administrative region

     Invest Hong Kong (InvestHK) announced today (November 21) that Dynano Semiconductor Technology Company Limited (Dynano Semiconductor) from the Mainland has officially established its foothold in Hong Kong as its headquarters. It aims to efficiently integrate the Chinese Mainland’s manufacturing capacity, Hong Kong’s international capital, and overseas cutting-edge technology, creating a synergistic model of “research and development (R&D) in Hong Kong, pilot production in the Greater Bay Area (GBA), and access globe markets”.
      
     Associate Director-General of Investment Promotion of InvestHK Ms Loretta Lee welcomed Dynano Semiconductor’s official establishment in Hong Kong. She said, “By setting up its headquarters in Hong Kong, Dynano Semiconductor has taken a significant step in expanding their overseas operations. It also highlights Hong Kong’s increasingly important role as an innovation and technology hub and international business centre. I wish them great success and hope they leverage Hong Kong to explore more overseas markets.”
      
     The Chief Technology Officer of Dynano Semiconductor, Professor Huang Mingxin, indicated that Dynano Semiconductor, as one of the first projects in the HKU Techno-Entrepreneurship Academy, has already laid a solid foundation in research. The start-up plans to leverage Hong Kong’s geographic advantage to tap into European and Japanese markets, using the city as a “transformation hub” to commercialise its research results.  
      
     He said, “Hong Kong, as an international innovation hub, has a vibrant ecosystem, which is a crucial base for our development. The city offers a robust intellectual property protection system, access to global high-end industrial chain resources, and a well-established industry-academia-research mechanism that connects universities, enterprises, and markets. This helps us quickly achieve technological implementation and business scaling, bringing laboratory breakthroughs into industrial scenarios more efficiently.”
      
     He added, “Leveraging the opportunities arising from the deep industrial integration in the GBA, Dynano Semiconductor has developed a fast track of ‘R&D in Hong Kong, incubation in Shenzhen’. Hong Kong will serve as our global hub for industry-academia-research resources, acting as the connector that connects the University of Hong Kong, international top-tier research institutions, and the semiconductor industry chain. It will be responsible for linking up with overseas advanced equipment suppliers and brands, ensuring that technology meets market demands.”
      
     Professor Huang also revealed that the start-up has successfully completed seed and angel rounds of funding last year. Recently, it has built a 100 000-level and 10 000-level cleanroom and introduced several high-end precision pieces of equipment. These developments lay a solid foundation for future technological research and product mass production, marking a new phase of mass production for the start-up. With a more comprehensive R&D environment and industrial capacity, Dynano will continue to focus on breakthroughs in key semiconductor technologies and its industrial applications.
      
     For more information about Dynano Semiconductor, please visit www.dynano.com/en.
      
     To obtain a copy of the photo, please visit www.flickr.com/photos/investhk/albums/72177720330453773.

Source: Hong Kong Government special administrative region – 4

Following is the speech by the Financial Secretary, Mr Paul Chan, at the Awards Presentation Ceremony of the Hong Kong ICT Awards 2025 today (November 21):

Professor Paul Lam (Chairman of the Grand Judging Panel of the Hong Kong ICT Awards 2025 and the President of Hong Kong Metropolitan University, Professor Paul Lam),  (the Deputy Director-General of the Youth Department of the Liaison Office of the Central People’s Government in the Hong Kong Special Administrative Region, Ms Wan Ning), Professor Sun Dong (Secretary for Innovation, Technology and Industry, Professor Sun Dong), ladies and gentlemen,

Good evening. I’m pleased to join you once again for the annual HKICT Awards Presentation Ceremony.

Tonight, we celebrate the remarkable achievements of innovators whose contributions in ICT are making a real difference for us, across the Government, public sectors, businesses and the society at large.

These pioneers have made public services better and more accessible, enhanced business competitiveness, and driven breakthroughs in various areas ranging from digital entertainment and fintech to smart business and smart mobility. Their efforts are delivering benefits to our community.

In just a few minutes, we will honour these outstanding achievers. But the significance of the Hong Kong ICT Awards extends far beyond recognition. It sets new benchmarks for excellence, inspires both seasoned professionals and budding talent to expand their imagination, push the boundaries of technology, and create innovative solutions to address society’s pain points and challenges.

This year, once again, a “Best Use of AI Award” is featured across all eight categories, highlighting AI’s growing importance in every sector. Indeed, few forces today are as transformative as AI. That’s why the HKSAR (Hong Kong Special Administrative Region) Government has made AI a focus of our innovation and technology strategy, to develop it as a core industry, and to promote it as an enabler to upgrade traditional sectors.

Our approach is built on six key pillars: computing power, algorithms, data, real-world application scenarios, capital and talent. Together, a vibrant and interconnected ecosystem will be formed to enable AI applications to scale and deliver maximum impact.

Hong Kong, together with the Greater Bay Area, holds a unique strength: it is where high-end manufacturing capabilities and cutting-edge AI innovation simultaneously reside. This is an advantage not even possessed by Silicon Valley. It means that AI solutions developed in the GBA can be tested, applied and validated seamlessly in real-world industrial settings.

Ladies and gentlemen, our innovation and technology ecosystem is thriving. The Northern Metropolis is fast emerging as a major hub for the I&T sector, and we are expediting its development. Just yesterday, we released the Conceptual Outline for the Innovation and Technology Industry in San Tin Technopole, with specific initiatives to unleash its full potential. Meanwhile, the development of a data facility cluster at Sandy Ridge is also progressing, with tendering for advanced computing power facilities already launched in October.

To the students and young innovators among us: innovation and technology is a career worth pursuing, not only for the opportunities it offers, but also for the impact you can make. It is a force for good, capable of transforming lives, economies and societies. The most rewarding moments often come when your ideas make a real difference for the world.

Now, Hong Kong’s start-up ecosystem is more vibrant than ever. We are home to over 4,700 startups, rising by 40 per cent compared to five years ago. Many are residing in Science Park and Cyberport, which provide them with incubation, funding and market development support. From digital entertainment and fintech to smart mobility and smart living, innovators and startups in Hong Kong are thriving not only locally, but are also making their mark across regional and global markets.

I’m very pleased that you are part of this exciting journey. The opportunities ahead are boundless for you to seize.

Finally, allow me to extend my sincere appreciation to the organisers of the event, and to the distinguished judges who have so generously contributed their time and expertise.

Congratulations once again to all the award winners. Your achievements inspire us all, and you are at a new starting point to make an even greater impact for the good of humanity.

Before I close, allow me to remind everyone of an important upcoming event -December 7, the Legislative Council Election. By casting your vote, we together will help shape a more prosperous future for Hong Kong.

I wish you good health and continued success, and a most enjoyable evening. Thank you very much.

Source: Hong Kong Government special administrative region – 4

     The Government today (November 21) gazetted the United Nations Sanctions (Central African Republic) Regulation 2020 (Amendment) (No. 2) Regulation 2025 (Amendment Regulation), which came into operation today.
 
     “The Amendment Regulation amends the United Nations Sanctions (Central African Republic) Regulation 2020 to give effect to certain decisions relating to sanctions in the United Nations Security Council (UNSC) Resolution 2789 in respect of the Central African Republic,” a Government spokesman said.
 
     The amendments renew the arms-related sanctions, travel ban and financial sanctions.
 
     The Hong Kong Special Administrative Region Government has along been implementing fully the sanctions imposed by the UNSC. The Amendment Regulation aims to give effect to the instructions by the Ministry of Foreign Affairs for fulfilling the international obligations of the People’s Republic of China as a Member State of the United Nations.

Source: Hong Kong Government special administrative region – 4

     The Government today (November 21) gazetted the United Nations Sanctions (Democratic Republic of the Congo) Regulation 2019 (Amendment) Regulation 2025 (Amendment Regulation), which came into operation today.

     “The Amendment Regulation amends the United Nations Sanctions (Democratic Republic of the Congo) Regulation 2019 to give effect to certain decisions relating to sanctions in the United Nations Security Council (UNSC) Resolution 2783 in respect of the Democratic Republic of the Congo,” a Government spokesman said.

     The amendments renew the arms embargo, travel ban and financial sanctions.

     The Hong Kong Special Administrative Region Government has along been implementing fully the sanctions imposed by the UNSC. The Amendment Regulation aims to give effect to the instructions by the Ministry of Foreign Affairs for fulfilling the international obligations of the People’s Republic of China as a Member State of the United Nations.

Source: Hong Kong Government special administrative region – 4

     The results of Primary One discretionary places for September 2026 will be released next Monday (November 24) by all government and aided primary schools.
 
     A spokesman for the Education Bureau (EDB) said today (November 21), “There are 37 581 children applying for discretionary places in government and aided primary schools this year, of whom 19 656 will be offered a place in these schools. Among them, a total of 9 477 children are applicants with sibling(s) studying or with parent(s) working in the schools that they have applied to, whereas the remaining 10 179 are selected according to the Points System.”
 
     Parents who have already activated their POA e-platform (ePOA) account are reminded to check the results via the ePOA from 10am next Monday. Parents can also bring the parent’s copy of the paper Application Form for Primary One Admission (POA) and check the results of their discretionary place application between 9am and 5pm on that day at the school to which they have applied. 
 
     Parents whose children have been offered a discretionary place are advised to note carefully the registration arrangements of the schools concerned and the documents required for registration, such as the parent’s copy of the paper Application Form for POA or the electronic application record in the ePOA, as well as the specified number of photographs of their children. They should register their children next Wednesday (November 26) or Thursday (November 27) at the school to which they have applied during school hours. 

     “Parents who cannot register for their child on the above dates should notify the person-in-charge of the school in advance to make alternative arrangements. Otherwise, they will be deemed to have given up their discretionary place,” the spokesman said.

     Under the POA System, each government or aided primary school may make use of about 50 per cent of its total Primary One places as discretionary places. The remaining approximately 50 per cent of the total places will be reserved for Central Allocation at a later stage.
 
     “Parents of applicant children who have failed to secure a discretionary place or who have opted for Central Allocation only will be informed by the EDB in writing in mid-January 2026 to make choices of schools for Central Allocation via ePOA from January 19 to 25 or at a designated Central Allocation Centre on January 24 or 25. We encourage parents to register with ‘iAM Smart+’ (www.iamsmart.gov.hk/en/reg.html) as early as possible and activate their ePOA account using ‘iAM Smart+’ for more convenient and faster electronic services. 
 
     “For applications for participation in POA 2026 made after January 25, parents are required to approach the School Places Allocation Section of the EDB to complete the necessary procedures. The EDB will separately arrange a Primary One place for the applicant children in June 2026,” the spokesman said.
 
     “Parents should note that once their children have been allocated a Primary One place, they cannot take part in the POA System again in the future,” he added.

Source: Hong Kong Government special administrative region

     Following is the speech by the Secretary for Innovation, Technology and Industry, Professor Sun Dong, at the International Summit of AI for Science “Empowering Breakthroughs at the Intersection of AI and Science” today (November 21):

Professor Liu (Director General of the Bureau of International Cooperation, Chinese Academy of Sciences, Professor Liu Weidong), Professor Boey (President and University Distinguished Professor of the City University of Hong Kong, Professor Freddy Boey), Professor Luo (Co-Chair of the International Summit of AI for Science 2025, Professor of the Hong Kong Institute of Science & Innovation, Chinese Academy of Sciences, Professor Luo Jiebo), Professor Ma (Co-Chair of the International Summit of AI for Science 2025, Director of the Hong Kong Institute of AI for Science of the City University of Hong Kong, Professor Ma Weiying), distinguished guests, ladies and gentlemen,

     Good morning. It is my great pleasure to join you all today at the International Summit of AI for Science 2025, cohosted by the Hong Kong Institute of Science and Innovation of the Chinese Academy of Sciences and the City University of Hong Kong.

     The theme of today – “Empowering Breakthroughs at the Intersection of AI and Science” – underscores the pivotal role of AI as a catalyst for innovation and technology (I&T) development. From life sciences to material sciences, AI is accelerating discovery. It is not merely a tool but a transformative force that reshapes the very paradigms of scientific research and technological revolution, as well as industry transformation. Today’s summit is a collective exploration of how AI can define the boundaries of human knowledge.

     Hong Kong is proud to stand at the forefront of this transformation. The Hong Kong SAR Government has identified AI as a key industry for future growth and has set out clear goals for the development of AI. With a focus on “strengthening infrastructure and promoting the application-oriented approach”, we introduce multidimensional policies to promote the development of AI in Hong Kong, in line with the national “AI+” initiative and consistent with the global development path of AI.

     Amongst others, InnoHK is a major government I&T initiative to foster global research collaboration. The InnoHK platform has successfully established collaborations with more than 30 world-renowned universities and research institutes. On the AI and robotics side, we have so far brought together a total of 16 R&D (research and development) centres and laboratories and over 1 700 leading research talents locally and globally to drive breakthroughs in robotics and enhance Hong Kong’s AI capabilities. We are delighted that the Centre for Artificial Intelligence and Robotics established by the Hong Kong Institute of Science and Innovation under the Chinese Academy of Sciences also participated in this important initiative, with a focus on innovative integration of AI and life sciences. Besides, we are working on the establishment of the Hong Kong AI Research and Development Institute in 2026, which will facilitate upstream AI R&D, midstream and downstream transformation of R&D outcomes, as well as expansion of application scenarios.

     According to the World Digital Competitiveness Ranking 2025 by the International Institute for Management Development, Hong Kong ranked fourth globally, rising three spots from the previous year. The new ranking is based on improvements in “technology”, “knowledge”, and “future readiness”, with the city achieving the top global spot in “technological framework” and “adaptive attitudes”. This achievement reaffirms our progress in developing Hong Kong into a global digital hub. 

     We are excited to learn that the International Summit of AI for Science is a platform that connects Hong Kong with top international research talent to promote global collaboration and exchange among scientists. Many brilliant minds from all over the world have come together today to share their expertise across various fields and exchange ideas on AI. In this connection, I congratulate the Hong Kong Institute of Science & Innovation, the Chinese Academy of Sciences and the City University of Hong Kong for organising this Summit.

     Last but not least, may I invite all voters to cast your votes in the upcoming Legislative Council election on December 7. This is important for Hong Kong. I wish today’s event every success. Thank you.

Source: Hong Kong Government special administrative region – 4

The following is issued on behalf of the Council on Human Reproductive Technology:
 
     The Council on Human Reproductive Technology (Council) today (November 21) issued a notice in the Gazette notifying the publication of the amended Code of Practice on Reproductive Technology and Embryo Research (Code), requiring licensed centres to provide those storing their gametes or embryos for own use with additional counselling services.
 
     The Human Reproductive Technology (Licensing) (Amendment) Regulation 2025 (Amendment Regulation) will come into effect on December 1, removing the statutory storage periods of gametes and embryos for own use under the Human Reproductive Technology (Licensing) Regulation (Cap. 561A) to enable members of the public to make their own decisions on the storage duration of their gametes or embryos depending on their health and other conditions, with a view to better realising reproductive autonomy.
 
     In connection with the Amendment Regulation, the Council amended the Code, requiring persons who have stored their gametes or embryos for their own use for five years or more to receive additional counselling services before storage can be extended. During counselling, licensed centres are required to provide information regarding the medical risks associated with the relevant procedures and risks of pregnancy at an advanced maternal age, etc. There will be a one-year grace period for the relevant arrangements, whereby persons concerned only need to complete the counselling services and procedures of extension of storage within one year after the commencement of the amended Code, or before their first storage extension, whichever is later. The amended Code would come into effect on the same day (December 1) as the Amendment Regulation.
 
     The amended Code is available on the website of the Council (www.chrt.org.hk).

Source: Hong Kong Government special administrative region – 4

The Rating and Valuation Department (RVD) today (November 21) said that it has reviewed about 83 000 proposals received from March 17 to May 31 objecting to the 2025-26 new rateable values and issued Notices of Decision (Form R22A) in respect of these objections in phases. 

A spokesman for the RVD said, “Anyone who lodged an objection during the above period and has yet to receive a Notice of Decision by November 30 should contact the RVD’s Customer Service Officer at enquiries@rvd.gov.hk or 2150 8833.”

Any changes in rateable values resulting from the RVD’s decisions on the objections will date back to April 1 this year, and adjustments will be made in subsequent demands.

Source: Hong Kong Government special administrative region – 4

The Government announced today (November 21) the sale of Tsing Yi Town Lot No. 203 at No. 183 Tsing Yi Road West, Tsing Yi, New Territories, for conversion to a fast charging station (FCS) for electric vehicles (EVs) through public tendering. The tender invitation will close on January 30, 2026.
 
A spokesperson for the Environment and Ecology Bureau (EEB) said, “To promote the green transformation of vehicles and to achieve zero vehicular emissions and carbon neutrality before 2050, the Government announced that there would be no new registration of fuel-propelled private cars (including hybrid vehicles) in 2035 or earlier. To cope with the rapid demand for charging facilities with the increase of EVs, the Government has expedited the expansion of the charging network for different types of EVs (including commercial EVs). The Government also sold through open tender three petrol filling station (PFS) sites in Kowloon Bay, Fo Tan and Tai Po for FCS purposes. The Government will, subject to actual market needs, select suitable PFS sites for conversion into FCSs in a timely manner. In addition, the area for retail use in the site of this sale is larger than that of a conventional PFS, allowing operators more flexibility to use such area to meet the needs of EV drivers.”
 
Tsing Yi Town Lot No. 203 has a site area of 1 973.9 square metres and is designated for EV FCS purposes. Land sale documents, including the forms of tender, tender notice, conditions of sale and sale plan of the lot, are now available on the Lands Department (LandsD) website (www.landsd.gov.hk) for downloading. The sale plan is available for inspection by the public from today until the close of the tender. The sale plan in hard copy form may also be purchased from today until the close of the tender at the Survey and Mapping Office of the LandsD, 6/F, North Point Government Offices, 333 Java Road, North Point, Hong Kong. The particulars of the tender have also been gazetted today.
 
The spokesperson continued, “In order to encourage owners of taxis and public light buses to expedite the adoption of electric taxis (e-taxis) and electric public light buses (e-PLBs), and by reference to the current arrangement of dedicated liquefied petroleum gas filling stations, a charging ceiling price mechanism will be established for e-taxis and e-PLBs at designated FCSs. The operators of designated FCSs cannot charge a price that is higher than the ceiling price to be announced by the Environmental Protection Department (EPD) on a monthly basis. The charging price for other EVs will be determined by the market. For details about the calculation of charging ceiling prices for e-taxis and e-PLBs, please refer to the EEB website (www.eeb.gov.hk/sites/default/files/en/node78/Ceiling_price_calculation_e.pdf).”
 
Details of the charging ceiling price will be posted at designated FCSs when they are in operation and announced regularly on the EPD website (www.epd.gov.hk) to enable trade practitioners to monitor the changes in charging prices.