Mainland circular tech leader ATRenew opens first Hong Kong store establishing city as go-global hub

Source: Hong Kong Government special administrative region – 4

     ​Invest Hong Kong (InvestHK) today (July 28) announced ATRenew Inc. (ATRenew), the Chinese Mainland’s leading pre-owned consumer electronics transactions and services platform, had opened its first physical store under its new consumer brand RERE – short for Revalue and Renew – in Hong Kong. This launch positions the city as a go-global hub for the growing circular economy while bringing the group’s consumer buyback and retail operations to Hong Kong for the first time – complementing its long-standing business-to-business (B2B) pre-owned electronics trading ecosystem.
 
Located in Tsuen Wan, the store launches under ATRenew’s new consumer brand RERE marks a major step in taking the company’s brand, sustainability innovation and business model global. For traded-in smartphones, ATRenew developed a proprietary data destruction system certified by international authority ADISA Certification. Utilising advanced multi-pass data overwriting, the platform ensures fully traceable and unrecoverable data erasure – eliminating data theft risks at the source and setting a high standard for privacy and data protection for users.

At the heart of ATRenew’s offering is a set of proprietary, AI-backed technologies. Self-service tools allow customers to value and sell a device in minutes, while automated quality inspection – refined through diagnostic data from the group’s extensive Mainland facilities – delivers high-precision grading. Combined with a standardised digital device-identity system, ATRenew ensures quality, defect traceability, driving efficiency and security for cross-border transactions. These capabilities empower FoneSquare, its new B2B global trading platform, giving overseas wholesale buyers confidence in the origin and condition of every device.

The opening is supported by a Memorandum of Understanding with leading retailer JD Mall Hong Kong. Under this partnership, the group will roll out in-store one-stop buyback services for electronic devices, making it easy for shoppers citywide to sell or trade in pre-owned devices.

The Director-General of Investment Promotion, Ms Alpha Lau, said, “ATRenew represents a great Chinese green story, and we are delighted that Hong Kong serves as a prominent showcase of the group’s full recycling-to-retail model in service of the circular economy. As an international investment and trade hub operating under common law, Hong Kong is not just a financing engine but also an ideal test bed for innovations. Today, we also warmly welcome two of our InvestHK clients, ATRenew and JD.com, joining hands in driving sustainability innovation. This expansion demonstrates our strengths as a go-global springboard for both Mainland and overseas businesses with green aspirations.”

The Founder and Chef Executive Officer of ATRenew, Mr Kerry Chen, said, “The global circular economy is entering a critical growth phase, with Hong Kong serving as the central hub for ATRenew’s overseas supply chain and brand expansion. Driven by our three-pillar globalisation strategy of ‘business, capabilities, and brand’, ATRenew is extending its well-established standardisation, automated technologies, and robust supply chain overseas. We are committed to making buy-back services more accessible and providing users worldwide with high-quality pre-owned products, empowering a green and sustainable future.”

Globally, rising environmental awareness and demand for value are fuelling fast-growing appetite for quality pre-owned electronics. International Data Corporation projects the worldwide market for used smartphones to surpass 430 million units, with a market value of close to US$110 billion, by 2027.

Looking ahead, ATRenew plans to build on its Hong Kong-Dubai “dual-hub” for international growth, establishing its full recycling-to-retail ecosystem across Southeast Asia, the Middle East, West Asia and North Africa.

InvestHK provided end-to-end support to facilitate ATRenew’s expansion in Hong Kong, offering market intelligence, business matching, and setup guidance. It also connected the group with key partners and supported its international expansion and compliance navigation – advancing ATRenew’s ambition to build RERE into a globally recognised certified pre-owned brand.

For more information about ATRenew, please visit www.atrenew.com.

        

SEE attends 2026 APEC Ministerial Meeting on Forestry in Shenzhen

Source: Hong Kong Government special administrative region

SEE attends 2026 APEC Ministerial Meeting on Forestry in Shenzhen (with photo) 
     Speaking at the meeting, Mr Tse said that Hong Kong, although highly urbanised, has rich natural ecology. After sustained afforestation and enrichment projects, Hong Kong’s woodlands and plantations coverage has leaped from 17 per cent at the turn of the century to 30 per cent today. Hong Kong is also endowed with rich biodiversity, with over 580 species of birds and over 6 000 marine species, with stony coral species surpassing the coral diversity in the Caribbean Sea, and over 3 100 species of vascular plants.
 
     Mr Tse said that the biodiversity Hong Kong has preserved is a result of the Government’s policies and plans. At present, around 40 per cent of Hong Kong’s land area is designated as country parks and special areas, nurturing diverse flora and fauna. Mr Tse pointed out that before carrying out any major development that might significantly affect woodlands, thorough statutory environmental impact assessments must be implemented to avoid or mitigate impacts on the environment. This can also preserve green spaces so that future generations can continue to enjoy the precious gifts from nature.
 
     Mr Tse highlighted the Robin’s Nest Country Park, which was established in 2024 with an area of about 530 hectares and is characterised by its rich floral and faunal diversity, including various species of conservation interest, as an example. The abandoned lead mine in the park is one of the most important bat colonies in Hong Kong. Regarding mangrove conservation, one of the meeting’s focuses, Mr Tse said the mangrove stands and wetland habitats located in the Mai Po Inner Deep Bay were designated in 1995 as a wetland of international importance and a Ramsar Site. From the 1980s to 2026, the mangrove coverage at the site has expanded over threefold to over 400 hectares through natural regeneration. Each year, the site supports over 50 000 wintering and migratory waterbirds, including the Black-faced Spoonbill and other threatened species.
 
     In addition, Mr Tse said that the Long Valley Nature Park, established by restoring abandoned farmlands, provides a large piece of freshwater wetland for water birds, amphibians and reptiles. Hong Kong is also developing the Sam Po Shue Wetland Conservation Park, spanning over 300 hectares, in the Northern Metropolis. Mr Tse said Hong Kong fully commits to nature conservation and will continue to achieve harmony between humanity and nature together with other APEC members.
 
     The FTMM, one of the APEC “China Year” series of activities, marked the return of APEC’s ecological meeting to China after 15 years. The FTMM brought together high-level representatives, experts and scholars from 21 APEC economies and the organisation.
 
     Mr Tse returned to Hong Kong after attending the meeting.
Issued at HKT 17:38

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2026 youthfest@HK programme officially kicks off

Source: Hong Kong Government special administrative region

2026 youthfest@HK programme officially kicks off       
     Speaking at the ceremony, Mr Chan said that the Hong Kong Special Administrative Region Government released the Youth Development Blueprint, clearly outlining the policy goals for the healthy growth and diversified development of young people. Apart from implementing over 160 specific actions set out in the Blueprint, approximately 130 additional measures were introduced in view of the latest situation of society and the needs of young people. This aims to ensure that the Blueprint is progressing with the times.
      
     The themes of the festival are “Nurture Positive Thinking”, “Promote Innovation” and “Inspire Creativity”. Mr Chan said that the numbers of events and participants under the previous three editions of the Youth Festival increased continuously. In the 2025 youthfest@hk, more than 200 events were organised and attracted over 250 000 participants. Special appreciation goes to the Principal Funder, the Hong Kong Jockey Club Charities Trust, for its support. Mr Chan encouraged young people to participate in this year’s various festival activities to enrich their knowledge, broaden their horizons and make friends. He also thanked all sectors of the community for their strong support of youth work.

     Also officiating at the Kick-off Ceremony were the Acting Secretary for Home and Youth Affairs, Mr Clarence Leung; the Permanent Secretary for Home and Youth Affairs, Mr Patrick Li; the Vice-Chairman of the Youth Development Commission, Mr Kenneth Leung; the Convenor of the Action Group on Youth Festival, Youth Development Commission, Mr Victor Pang; and the Deputy Chairman of the Hong Kong Jockey Club, Mr Lester Huang. Representatives from various festival participating organisations also attended the event.
      
     Organisations may submit applications for partner events of youthfest@HK for inclusion of their events in the event calendar and on the official webpage. For the latest updates of the events under the festival programme, please visit the thematic webpage (www.youthfest.hkIssued at HKT 17:12

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Hong Kong Customs seizes suspected smuggled live turtles and turtle eggs

Source: Hong Kong Government special administrative region – 4

​Hong Kong Customs on July 14 detected a smuggling case involving a cross-boundary private car at the Shenzhen Bay Control Point and seized 216 live turtles and two turtle eggs with an estimated market value of about $21,800.
 
Through risk assessment, Customs that day intercepted an outgoing private car at the control point. Upon inspection, Customs officers found the batch of live turtles and turtle eggs in the boot of the vehicle. A 52-year-old local male driver was arrested and has been released on bail pending investigation.
 
Customs will continue to combat cross-boundary smuggling activities with firm enforcement action based on risk assessment and intelligence analysis.
 
Smuggling is a serious offence. Under the Import and Export Ordinance, any person found guilty of importing or exporting unmanifested cargo is liable to a maximum fine of $2 million and imprisonment for seven years.
 
Members of the public may report any suspected smuggling activities to Customs’ 24-hour hotline 182 8080 or its dedicated crime-reporting email account (crimereport@customs.gov.hk) or online form (eform.cefs.gov.hk/form/ced002).

  

CE holds dialogue session with LegCo Members

Source: Hong Kong Government special administrative region – 4

     The Chief Executive, Mr John Lee, held the Chief Executive’s Dialogue with Legislative Council (LegCo) Members at the Dining Hall of the LegCo Complex this morning (July 28). A total of 67 LegCo Members attended the session.
 
Mr Lee said that the introduction of the Dialogue had three objectives, namely to enhance mutual understanding and build consensus between the executive authorities and the legislature; to create new value for the principle of “patriots administering Hong Kong” through the new initiative; and to share experiences in implementing “patriots administering Hong Kong” for fostering reform. Mr Lee thanked the President of the LegCo, Dr Starry Lee, for supporting his idea of introducing the Dialogue. He also thanked LegCo Members for their active participation.
 
Mr Lee said that he has always attached great importance to executive-legislative relations, and has continued to introduce innovative initiatives to create more new value for the principle of “patriots administering Hong Kong”. Since assuming office, he has enhanced communication and interaction between the executive authorities and the legislature through various means. These include introducing the LegCo Ante Chamber Exchange Sessions to facilitate regular exchanges between Principal Officials and LegCo Members; transforming the Chief Executive’s Question and Answer Sessions from its one-way question-and-answer model into the two-way and interactive Chief Executive’s Interactive Exchange Question and Answer Sessions; attending the oath-taking ceremony of LegCo Members of the current term on the day they assume office to address and congratulate them, extending words of encouragement and expectations; and speaking at the first sitting of the current-term LegCo, proactively strengthening the joint efforts of the two sides in realising the value of “patriots administering Hong Kong” and building Hong Kong together.
 
The Dialogue provides a calm and cordial setting for direct communication, free from constraints such as the Rules of Procedure. Mr Lee said, “I regard the LegCo as the Government’s reform partner. Both the Government and the LegCo are members of Team Hong Kong, sharing the same goal of solving problems for the public. The Chief Executive’s Dialogue with LegCo Members is an innovative initiative that allows us to engage in warm and in-depth dialogue, holding exchanges as teammates.”
 
During the Dialogue, LegCo Members actively participated and engaged in open exchanges on a wide range of topics, including the economy, livelihood matters and social development. They also shared the outcomes and insights gained from their participation in the National Affairs Study Visit in Beijing last week.

        

HKSAR Government and MIIT sign Co-operation Agreement on Advancing Joint Establishment of Manufacturing Innovation Centre by Ministry and Hong Kong

Source: Hong Kong Government special administrative region – 4

     The Hong Kong Special Administrative Region (HKSAR) Government and the Ministry of Industry and Information Technology (MIIT) today (July 28) signed the Co-operation Agreement on Advancing the Joint Establishment of Manufacturing Innovation Centre by the Ministry and Hong Kong (the Co-operation Agreement) at the Central Government Offices.

     The Secretary for Innovation, Technology and Industry, Professor Sun Dong, and Vice Minister of Industry and Information Technology Mr Xiong Jijun signed the Co-operation Agreement on behalf of the HKSAR Government and the MIIT respectively. The Co-operation Agreement aims to take forward the Co-operation Agreement on the Development of New Quality Productive Forces and the Promotion of New Industrialisation signed by the two sides in September 2024, deepen industrial co-operation between the Chinese Mainland and Hong Kong, facilitate Hong Kong’s better integration into and service of the national development, and jointly support the establishment of a manufacturing innovation centre in Hong Kong.

     Professor Sun said, “It has been proposed in this year’s Budget to reserve funding to establish in Hong Kong the first national manufacturing innovation centre outside the Chinese Mainland, with the aim of facilitating breakthroughs in key technologies, advancing commercialisation of technological achievements, and bringing together international talent. To this end, the HKSAR Government supports the Hong Kong Microelectronics Research and Development Institute by building on its existing foundation to undertake the important task of taking the lead to operate the innovation centre. This initiative will align with the national planning priorities for technologies and industries, and leverage the unique advantages of Hong Kong’s existing semiconductor ecosystem.”

     Before the signing ceremony, both sides also met and held detailed discussions on how Hong Kong can better align with the national new industrialisation development plan, co-ordinate with Chinese Mainland cities in the Guangdong-Hong Kong-Macao Greater Bay Area, and integrate into and serve the building of a national modern industrial system.

     

Hongkong Post announces sale of philatelic products from various postal administrations

Source: Hong Kong Government special administrative region – 4

Hongkong Post announced today (July 28) that selected philatelic products issued by China Post, Macao Post and Telecommunications, and the postal administrations of Australia, the Isle of Man, Liechtenstein, New Zealand and the United Kingdom will be available for sale from July 31 (Friday).

     China Post issued a set of three stamps entitled “Leading Horses out of Stable”. Currently housed in the Palace Museum, “Leading Horses out of Stable” is an ink-and-colour-on-silk painting created by Yuan dynasty painter Ren Renfa in 1280. Employing a horizontal composition, the artwork vividly depicts three stable officials and four horses, from right to left, with delicate brushwork. The stamp design perfectly reproduces the brushwork and historical texture of Yuan dynasty court painting, creating a calm and profound cultural mood that allows viewers to experience the artistic tension of the ancient masterpiece.

     China Post also issued a set of four stamps on the theme of “Chinese Seal Engraving (III)”. The art of seal engraving is a splendid treasure of traditional Chinese visual culture, etching the enduring and ever-evolving civilisational imprints of the Chinese nation. As a globally renowned cultural symbol, Chinese seal engraving combines practical value as a means of authentication with artistic and aesthetic significance. Within the tiny space of a seal lies the elegance of millennia, making it worthy of collection and inheritance by cultural enthusiasts for generations.

     To commemorate Macao’s first-ever world-class philatelic exhibition, the Macao Post and Telecommunications released stamps on the theme of the “Macao 2026 Specialized World Stamp Exhibition – A Journey through Day and Night I”. “A Journey through Day and Night I” features six time periods of the Chinese timekeeping system, namely Zi, Chou, Yin, Mao, Chen, and Si. Beginning in the stillness of midnight, passing through the glow of dawn, and progressing towards the vibrancy of midday, the stamps vividly showcase the urban style and cityscape of Macao.

     In addition, Liechtensteinische Post AG released stamps on the theme of “Music – Songs from the Attic”. The special stamp comes in an unusual form – as a playable vinyl record.

     The selected philatelic products will be available for sale at the Hongkong Post online shopping platform ShopThruPost (shopthrupost.hongkongpost.hk) starting from 9am on July 31, while stocks last. These products will also be available at the PostShop of the General Post Office, Tsim Sha Tsui Post Office and Sha Tin Central Post Office on the same day. Details of each product, the prices and sales quotas are set out in the Appendix. For further information, members of the public may visit the Hongkong Post Stamps website (stamps.hongkongpost.hk) or call the Hongkong Post Philatelic Bureau hotline at 2785 5711.

                                   

DH urges early testing and management of hepatitis B to prevent liver cancer

Source: Hong Kong Government special administrative region – 4

​In support of World Hepatitis Day, the Department of Health (DH) today (July 28) reminded members of the public who are uncertain whether they have chronic hepatitis B (CHB) to undergo testing early. Eligible persons may join the Government-subsidised Hepatitis B Co-care Scheme (the Co-care Scheme) to receive a free hepatitis B surface antigen rapid diagnostic test. Early identification and treatment can effectively reduce the risk of serious complications, such as cirrhosis and liver cancer, among people with CHB.

     “In the 1970s, the prevalence of hepatitis B virus (HBV) infection exceeded 10 per cent, posing a significant public health challenge in Hong Kong. Since the 1980s, the Government has progressively implemented a series of effective measures free of charge, including universal antenatal screening for pregnant women, hepatitis B vaccination for all newborns, and administration of hepatitis B immunoglobulin to newborns with high infection risk. These measures have successfully reduced the prevalence of HBV infection significantly. As derived from the results of the Population Health Survey 2020-22, it is estimated that the prevalence of HBV infection has decreased to 5.6 per cent in the general population. The prevalence among the younger generation born after the implementation of the universal childhood hepatitis B immunisation programme in 1988 is now below one per cent, indicating that we are moving towards the goal of a ‘hepatitis B-free generation’. The data show that after more than four decades of sustained efforts, Hong Kong has made significant progress in reducing the public health risk posed by hepatitis B,” said the Consultant (Special Preventive Programme) of the Public Health Services Branch of the Centre for Health Protection (CHP) of the DH, Dr Bonnie Wong.

     “Nevertheless, CHB can be found in about one in every 20 people in Hong Kong. Among people with CHB, nearly 40 per cent are unaware of their infection status and about 70 per cent do not have any medical follow-up for their liver diseases. Therefore, strengthening screening to identify undiagnosed cases in the community and ensuring that confirmed cases are linked to appropriate medical services remain key priorities of the Government’s work in the elimination of hepatitis B,” said Dr Wong.

Among the estimated 410 000 people in the Hong Kong population with CHB, most were born before 1988 who did not benefit from the Government’s universal childhood hepatitis B immunisation programme. CHB is a lifelong infection that often shows no symptoms for decades. Without treatment, about 15 to 40 per cent of people with CHB may develop serious liver diseases like cirrhosis or liver cancer in the long run. Liver cancer is Hong Kong’s third leading cause of cancer deaths, claiming around 1 400 lives every year. About 80 per cent of new cases of primary liver cancer have CHB.

The Government’s inaugural Hong Kong Viral Hepatitis Action Plan 2020-2024 laid a solid foundation for eliminating the public health threat posed by viral hepatitis. The Hong Kong Viral Hepatitis Action Plan 2025-2030, launched in 2025, sets out strategies to further strengthen prevention and control through a series of initiatives, and to co-ordinate all stakeholders’ joint efforts to eliminate viral hepatitis, including the roll-out of a risk-based hepatitis B screening programme in the community.

The Primary Healthcare Commission launched the Co-care Scheme in February 2026, which adopted the co-payment model and family doctor collaboration mechanism of the Chronic Disease Co-Care Pilot Scheme, to provide risk-based hepatitis B screening and long-term management for individuals at higher risk of HBV infection, such as those having family members who contracted CHB. It allows suitable patients to receive continuous care services in the community. As of July 15 this year, around 33 000 people have enrolled in the Co-care Scheme.

Dr Wong reminded members of the public that apart from achieving “early identification” through screenings, “early treatment” is equally important. Antiviral medications for CHB can effectively inhibit the replication of HBV, thereby reducing the risk of cirrhosis and liver cancer. People with CHB should have regular medical follow-up and relevant investigations to determine when antiviral treatment is needed and to detect and manage changes in liver condition early. Self-awareness of infection status and receiving the required subsequent management are crucial for preventing complications and death caused by CHB.

For more information on World Hepatitis Day 2026 and Hepatitis B Co-care Scheme, please visit the thematic websites.

  

Exchange Fund Position at end-June 2026

Source: Hong Kong Government special administrative region

Exchange Fund Position at end-June 2026      
     The Exchange Fund recorded an investment income of HK$134.7 billion in the first half of 2026. The main components were:
      ​Fees on placements by the Fiscal Reserves and placements by the Hong Kong Special Administrative Region Government funds and statutory bodies were HK$10.9 billion (Note 3) and HK$5.8 billion respectively in the first half of 2026, with the rate of fee payment at 4.8 per cent for 2026.
      
     Total assets of the Exchange Fund stood at HK$4,463.6 billion at end-June 2026, an increase of HK$302.4 billion from the end of 2025. Accumulated surplus stood at HK$862.7 billion at end-June 2026.
      
     The Chief Executive of the HKMA, Mr Eddie Yue, said, “Despite brief periods of heightened market volatility in March due to geopolitical tensions in the Middle East, global market sentiment staged a notable recovery in the second quarter as tensions moderated. For the first half of 2026 as a whole, the global financial markets performed well in general. Specifically, driven by artificial intelligence (AI)-related investment demand, the strong performance in the semiconductor and technology hardware sectors propelled the US and several major Asia-Pacific equity markets to new highs again. As for the bond market, the US Treasury yield curve generally shifted upward in the first half following market concerns over rising US inflation, which were triggered by surges in international oil prices and supply chain disruptions. 
      
     “Against this market backdrop, the Exchange Fund recorded an investment income of HK$134.7 billion in the first half of 2026. Despite losses on investments in Hong Kong equities due to the broad market decline, the Exchange Fund’s overall equity holdings achieved solid gains, driven by the strong performance in other equities. As for bond investments, US dollar bond yields remained at relatively high levels, continuing to provide steady interest income for the bond portfolio. Additionally, the Exchange Fund registered a positive currency translation effect on its non-Hong Kong dollar assets due to exchange rate movements.”
      
     He added, “Looking ahead to the second half of the year, the global investment markets face multiple uncertainties. Following the marked increase in prices of AI-related assets, some market participants have begun to focus on whether major corrections will occur and affect the broader market. On monetary policy, the Federal Reserve (Fed)’s policy path forward remains dependent on uncertainties around the inflation trends and labour market conditions in the US. In addition, with the Fed’s recent pivoting away from forward guidance, the financial markets may become more sensitive to incoming economic data, potentially amplifying market volatility. Should geopolitical tensions escalate again and disrupt global supply chains and energy prices, market concerns over the inflation and interest rate outlook may be deepened. Moreover, due to frequent fluctuations in exchange rates, the investment gains from the positive foreign currency translation effect in the first half of 2026 may not be sustained through the second half of the year.
      
     “In the face of the complex and volatile investment environment, the HKMA will continue to adhere to the principle of capital preservation first while maintaining long-term growth. We will continue to manage the Exchange Fund with prudence and flexibility, implement appropriate defensive measures, and maintain a high degree of liquidity. We will also continue our investment diversification to strive for higher long-term returns, and ensure that the Exchange Fund remains effective in achieving its purpose of maintaining monetary and financial stability of Hong Kong.”
 
Note 1: This is primarily the effect of translating foreign currency assets into Hong Kong dollar after deducting the portion for currency hedging.
Note 2: This is the valuation change of investments held by investment holding subsidiaries of the Exchange Fund. This figure reflects the valuations at the end of March 2026. Valuation changes of these investments from April to June are not yet available.
Note 3: This does not include the 2026 fee payment to the Future Fund because such amount will only be disclosed when the composite rate for 2026 is available.

Ends/Tuesday, July 28, 2026
Issued at HKT 16:35

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Second round of Frontier Technology Research Support Scheme opens for applications

Source: Hong Kong Government special administrative region

Second round of Frontier Technology Research Support Scheme opens for applications 
     “A total of 30 applications were received in the first round of applications. The Commission is finalising the funding terms with the universities concerned on eight applications that have been supported in principle. The Commission encourages universities to continue to tap into the FTRSS to attract more international top-notch talent to Hong Kong to spearhead basic research in frontier fields, thereby expanding Hong Kong’s research capacities, promoting the integrated development of education, technology and talent, as well as dovetailing with the country’s strategic planning on frontier technologies,” a spokesman for the Commission said.
 
     Under the FTRSS, the Government will provide funding support, on a matching basis, to the eight universities funded by the University Grants Committee in attracting international top-notch researchers to Hong Kong and procuring facilities to conduct research projects in frontier technology fields. Assessment criteria include, among others, academic achievements of the leading talent and the extent of their commitment to participating in the research projects, as well as the technical excellence, originality and potential of the research projects for scientific breakthroughs in frontier technology fields.
 
     Details are available on the FTRSS website (www.itf.gov.hk/en/funding-programmes/supporting-research/ftrss/index.htmlIssued at HKT 16:00

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