23 landlords of subdivided units under regulated tenancies convicted of contravening relevant statutory requirements

Source: Hong Kong Government special administrative region

23 landlords of subdivided units under regulated tenancies convicted of contravening relevant statutory requirements 
     The offences of these 23 landlords include (1) failing to submit a Notice of Tenancy (Form AR2) to the Commissioner of Rating and Valuation within 60 days after the term of the regulated tenancy commenced; and (2) requesting the tenant to pay money other than the types permitted under the Ordinance (including requiring the tenant to pay an amount of rent for the second-term tenancy exceeding the maximum amount of rent permitted under the Ordinance). One of the landlords committed 20 offences under (1) and (2) and was fined $22,400.

     The RVD earlier discovered that the landlords failed to comply with the relevant requirements under the Ordinance. Upon an in-depth investigation and evidence collection, the RVD prosecuted the landlords.
 
     A spokesman for the RVD reiterated that SDU landlords must comply with the relevant requirements under the Ordinance, including prohibiting landlords from doing any act calculated to interfere with the peace or comfort of members of the tenant’s household, with the intention of causing the tenant to give up occupation of the SDU; or requiring the tenant to pay an amount of rent for the second-term tenancy exceeding the maximum amount of rent permitted under the Ordinance, and also reminded tenants of their rights under the Ordinance, including a four-year (i.e. two years plus two years) security of tenure. He also stressed that the RVD will continue to take resolute enforcement action against any contraventions of the Ordinance. Apart from following up on reported cases, the RVD has been adopting a multipronged approach to proactively identify, investigate and follow up on cases concerning landlords who are suspected of contravening the Ordinance. In particular, the RVD has been requiring landlords of regulated tenancies to provide information and reference documents of their tenancies for checking whether they have complied with the requirements of the Ordinance. If a landlord, without reasonable excuse, refuses to provide the relevant information or neglects the RVD’s request, the landlord commits an offence and is liable to a maximum fine at level 3 ($10,000) and to imprisonment for three months. Depending on the actual circumstances, and having regard to the information and evidence collected, the RVD will take appropriate actions on individual cases, including instigating prosecution against suspected contraventions of the Ordinance. In addition, the RVD has started a new round of publicity and education work to enhance public awareness about the key offences and penalties, emphasising that the RVD proactively checks whether landlords have committed the offences under the Ordinance.  
     The RVD reminds that pursuant to the Ordinance, a regulated cycle of regulated tenancies is to comprise two consecutive regulated tenancies (i.e. the first-term tenancy and second-term tenancy) for an SDU, and the term of each regulated tenancy is two years. A tenant of a first-term tenancy for an SDU is entitled to be granted a second-term tenancy of the regulated cycle, thus enjoying a total of four years of security of tenure. The RVD has been issuing letters enclosing relevant information to the landlords and tenants concerned of regulated tenancies in batches, according to the expiry time of their first-term tenancies, to assist them in understanding the important matters pertaining to the second-term tenancy, and to remind them about the procedures that need to be followed about two months prior to the commencement of the purported second-term tenancy as well as their respective obligations and rights under the Ordinance. These landlords and tenants may also visit the dedicated page for the second-term tenancy on the RVD’s website (www.rvd.gov.hk/en/tenancy_matters/second_term_tenancy.html 
     For enquiries related to regulated tenancies, please call the telephone hotline (2150 8303) or visit the RVD’s webpage (
www.rvd.gov.hk/en/our_services/part_iva.htmlIssued at HKT 18:00

NNNN

Mortgage loans up 11.2%

Source: Hong Kong Information Services

The value of residential mortgage loans approved in July was $30.6 billion, an 11.2% increase compared with June, the Monetary Authority announced today.

Mortgage loans financing primary market transactions increased 16.4% to $10.8 billion, while those financing secondary market transactions increased 10.5% to $16.6 billion.

Loans for refinancing decreased 0.2% to $3.2 billion.

Mortgage loans drawn down during July amounted to $18.2 billion, a 3% rise from June.

The number of mortgage applications in July rose 4.9% month-on-month to 9,005.

The outstanding value of mortgage loans increased month on month by 0.1% to $1.8873 trillion at end-July.

Para dance ticket registration opens

Source: Hong Kong Information Services

Free tickets to watch mass participation para dance sport events at the 12th National Games for Persons with Disabilities and the 9th National Special Olympic Games are available through real-name registration from 3pm today until 5pm on September 5, while stocks last.

The events will be staged on September 6 and 7 at Ma On Shan Sports Centre.

On September 6, from 9.45am to 5.15pm, para dance athletes will compete in several categories, namely Combi Standard Dance 3-Dance, Duo Para Standard Dance 3-Dance, Combi Standard Dance 5-Dance, Duo Para Latin Dance 5-Dance and Combi Latin Dance 3-Dance.

On September 7, Duo Para Standard Dance 5-Dance, Duo Para Latin Dance 3-Dance, Combi Latin Dance 5-Dance and Show Dance (Collective) competitions will be held, from 9.45am to 5.45pm.

Successful registrants will receive, via email, one ticket exchange certificate which can be used to redeem a maximum of two tickets. Each person can only register once for each day.

At the venue, on the event day, registrants can collect single-day tickets by presenting their ticket exchange certificate and the identification document they used for registration. Wheelchair users and their carers must redeem their tickets as a group.

The tickets are full-day passes, with unassigned seating. Ticket holders may enter and exit the venue multiple times.

Tickets and ticket exchange certificates are non-transferable.

Online real-name registration for free tickets to para dance sport (mass participation event) of 12th NGD and 9th NSOG starts today

Source: Hong Kong Government special administrative region

Online real-name registration for free tickets to para dance sport (mass participation event) of 12th NGD and 9th NSOG starts today 
The para dance sport competition consists of nine sub-events. The competition schedule is as follows:
 

Competition date:Interested spectators can visit the website (https://h5.ctshk.com/ticketDetail?id=3300001499&channelId=-1&poiId=16613353 
Holders of the ticket exchange certificate must bring the ticket exchange certificate and the identification document used for registration to the venue on the event day to exchange for a single-day ticket. The ticket is a full-day pass, with unassigned seating. Ticket holders may enter and exit the venue multiple times. Each ticket admits one person. Wheelchair users and their carers must exchange for tickets simultaneously.
 
Tickets and ticket exchange certificates are non-transferable. Each person can only register once for the same-day event to obtain one ticket exchange certificate on a first-come, first-served basis until stocks last.
 
For more information about ticketing arrangements on the 15th National Games, the 12th NGD and the 9th NSOG in Hong Kong, please visit the thematic website (
www.2025nationalgames.gov.hk/en/ng.htmlIssued at HKT 16:42

NNNN

Granting of restricted banking licence to ABN AMRO Clearing Bank N.V.

Source: Hong Kong Government special administrative region

Granting of restricted banking licence to ABN AMRO Clearing Bank N.V. 
The Hong Kong Monetary Authority announced today (August 29) that the Monetary Authority has granted a restricted banking licence to the ABN AMRO Clearing Bank N.V. (AACB) under the Banking Ordinance. The AACB is incorporated in the Netherlands. The granting of this restricted banking licence takes effect today (August 29, 2025).
 
After the grant of a restricted banking licence to the AACB, the number of restricted licence banks in Hong Kong is 16.
Issued at HKT 16:30

NNNN

Monetary Statistics for July 2025

Source: Hong Kong Government special administrative region

Monetary Statistics for July 2025 
Total loans and advances decreased by 1.1 per cent in July, while increased by 1.3 per cent in the year to end-July. Among the total, loans for use in Hong Kong (including trade finance) and loans for use outside Hong Kong decreased by 1.0 per cent and 1.7 per cent respectively in July. The Hong Kong dollar loan-to-deposit ratio increased to 73.1 per cent at the end of July from 72.0 per cent at the end of June, as Hong Kong dollar deposits decreased at a faster pace than Hong Kong dollar loans.
 
Hong Kong dollar M2 and M3 both decreased by 1.8 per cent in July, while both increased by 6.2 per cent when compared to a year ago. The seasonally-adjusted Hong Kong dollar M1 decreased by 2.3 per cent in July, while increased by 18.5 per cent compared to a year ago, reflecting in part investment-related activities. Total M2 and total M3 both increased by 0.1 per cent in July. Compared to a year earlier, total M2 and total M3 both increased by 10.8 per cent.  
 
As monthly monetary statistics are subject to volatilities due to a wide range of transient factors, such as seasonal funding demand as well as business and investment-related activities, caution is required when interpreting the statistics.
Issued at HKT 16:30

NNNN

Residential Mortgage Survey Results for July 2025

Source: Hong Kong Government special administrative region

Residential Mortgage Survey Results for July 2025 
The number of mortgage applications in July increased month-on-month by 4.9 per cent to 9 005.
 
Mortgage loans approved in July increased by 11.2 per cent compared with June to HK$30.6 billion. Among these, mortgage loans financing primary market transactions increased by 16.4 per cent to HK$10.8 billion and those financing secondary market transactions increased by 10.5 per cent to HK$16.6 billion. Mortgage loans for refinancing decreased by 0.2 per cent to HK$3.2 billion. 
 
Mortgage loans drawn down during July increased by 3 per cent compared with June to HK$18.2 billion. 
 
The ratio of new mortgage loans priced with reference to HIBOR increased from 94.7 per cent in June to 95.7 per cent in July. The ratio of new mortgage loans priced with reference to best lending rates decreased from 1.7 per cent in June to 1.2 per cent in July.
 
The outstanding value of mortgage loans increased month-on-month by 0.1 per cent to HK$1,887.3 billion at end-July. 
 
The mortgage delinquency ratio stood at a low level of 0.13 per cent and the rescheduled loan ratio was unchanged at nearly 0 per cent.
Issued at HKT 16:30

NNNN

Government’s financial results for four months ended July 31, 2025

Source: Hong Kong Government special administrative region

Government’s financial results for four months ended July 31, 2025 

 July 31, 2025
HK$ millionJuly 31, 2025
HK$ millionand repayment of
Government Bondsissuance of
Government BondsGovernment Bonds*and repayment of
Government BondsGovernment Debts as at July 31, 2025 (Note 3)
    HK$328,747 million
Debts Guaranteed by Government as at July 31, 2025 (Note 4)
    HK$119,577 million

TABLE 2. FISCAL RESERVES
 

 July 31, 2025
HK$ millionJuly 31, 2025
HK$ millionissuance and repayment of
Government Bonds(Note 5)Notes:
 
1. This Account consolidates the General Revenue Account and the following eight Funds: Capital Works Reserve Fund, Capital Investment Fund, Civil Service Pension Reserve Fund, Disaster Relief Fund, Innovation and Technology Fund, Land Fund, Loan Fund and Lotteries Fund. It excludes the Bond Fund, the balance of which is not part of the fiscal reserves. The Bond Fund balance as at July 31, 2025, was HK$216,302 million.
 
2. Includes transactions with the Exchange Fund and resident banks.
 
3. The Government Debts, with proceeds credited to the Capital Works Reserve Fund, comprise:
 
(i) the Green Bonds (equivalent to HK$192,885 million as at July 31, 2025) issued under the Government Sustainable Bond Programme. They were denominated in US dollars (US$10,950 million with maturity from January 2026 to January 2053), euros (5,580 million euros with maturity from February 2026 to November 2041), Renminbi (RMB32,000 million with maturity from February 2026 to July 2054) and Hong Kong dollars (HK$22,000 million with maturity from February 2026 to October 2026);
 
(ii) the Infrastructure Bonds (equivalent to HK$81,272 million as at July 31, 2025) issued under the Infrastructure Bond Programme. They were denominated in Renminbi (RMB25,750 million with maturity from December 2025 to June 2055) and Hong Kong dollars (HK$53,230 million with maturity from November 2025 to June 2055); and
 
(iii) the Silver Bonds with nominal value of HK$54,590 million (with maturity in October 2027 and may be redeemed before maturity upon request from bond holders) issued under the Infrastructure Bond Programme.
 
     They do not include the outstanding bonds with nominal value of HK$167,936 million and alternative bonds with nominal value of US$1,000 million (equivalent to HK$7,850 million as at July 31, 2025) issued under the Government Bond Programme with proceeds credited to the Bond Fund. Of these bonds under the Government Bond Programme (including Silver Bonds with nominal value of HK$95,936 million, which may be redeemed before maturity upon request from bond holders), bonds with nominal value of HK$1,500 million were repaid upon maturity on August 15, 2025; bonds with nominal value of HK$65,389 million will mature within the period from September 2025 to July 2026, and the rest within the period from August 2026 to May 2042.
 
4. Includes guarantees provided under the SME Loan Guarantee Scheme launched in 2001, the Special Loan Guarantee Scheme launched in 2008, the SME Financing Guarantee Scheme launched in 2012, and the Loan Guarantee Scheme for Cross-boundary Passenger Transport Trade, the Loan Guarantee Scheme for Battery Electric Taxis and the Loan Guarantee Scheme for Travel Sector launched in 2023.
 
5. Includes HK$249,801 million, being the balance of the Land Fund held in the name of “Future Fund”, for long-term investments up to December 31, 2030. The Future Fund also includes HK$4,800 million, being one-third of the actual surplus in 2015-16 as top-up.
Issued at HKT 16:30

NNNN

“Women and Men in Hong Kong – Key Statistics (2025 Edition)” published

Source: Hong Kong Government special administrative region

“Women and Men in Hong Kong – Key Statistics (2025 Edition)” published 
     This report is compiled by the C&SD to serve as a ready source of information for those interested in the situation of women and men, and gender equality in Hong Kong. It draws together sex-disaggregated statistics and indicators from a wide variety of sources with a view to depicting the situation of women and men in major economic and social spheres. Users can browse and download this report at the website of the C&SD (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1130303&scode=180 
     Enquiries about the contents of this report can be directed to the Social Surveys Section (2) of the C&SD (Tel: 2887 0592 or email:
thematic@censtatd.gov.hkIssued at HKT 16:30

NNNN