MIL Asia Pacific Publishing Engine

Source: Government of India

Posted On: 09 APR 2025 10:37AM by PIB Delhi

The National Museum, New Delhi, in collaboration with the Nava Nalanda Mahavihara (NNM), Nalanda, and the Light of the Buddhadharma Foundation International, India (LBDFI), hosted the release and screening of two important documentary films at the National Museum Auditorium, New Delhi, on April 8^th or 9^th, 2025.

In the opening address, Professor Siddharth Singh, Vice Chancellor of Nava Nalanda Mahavihara, mentioned that their university is working to raise awareness about the footsteps of the Buddha. These documentary films are part of this initiative. He added that the current ‘in the footsteps of the Buddha’ pilgrimage is limited to a few popular sites, whereas there exists an extensive Buddhacarika (footsteps of the Buddha) that the world is unaware of. Their effort is to increase the scope and span of the Buddhist Pilgrimage.

During the event, Prof. Buddha Rashmi Mani, Director General of the National Museum, delivered the Presidential address. In his speech, Prof. Mani highlighted the significance of preserving and promoting India’s Buddhist heritage. He emphasized the important role these documentaries play in showcasing the rich history of Buddhism and its cultural legacy. Prof. Mani further remarked on the importance of such initiatives for both academic and public awareness.

Ms. Wangmo Dixey, the Executive Director of LBDFI, also spoke at the event, offering her insights on the occasion. She emphasized the significance of the event, highlighting how it represents a crucial step in the nation’s collective effort to preserve and promote the teachings of Buddhism, ensuring that the legacy of this ancient tradition continues to inspire generations to come.

About the Films

Nalanda: A Journey through Time

The documentary Nalanda: A Journey through Time is a groundbreaking film that showcases the unparalleled contributions of Sri Nalanda Mahavihara (Ancient Nalanda University) to the development of Buddhist literature, philosophy, art, and architecture. From the Sth to the 13th centuries, Nalanda played a pivotal role in the spread of Buddhism across Asia. It was a hub fora global exchange of ideas, influencing Buddhist thought, art, and iconography across countries such as China, Korea, Japan, and Tibet.

The film aims to document the critical role Nalanda played in shaping Buddhist traditions and philosophies. It features insightful interviews with Dr. BR Mani, Director General of the National Museum and a renowned Indian archaeologist, along with other subject matter experts, including the former Vice Chancellor of NNM and Ven. Geshe Dorji Damdul, Director of Tibet House, New Delhi. This film was previously showcased at the first edition of The Bodhipath Film Festival, held on March 11, 2025, at the India International Centre in New Delhi.

Gurpã: The Last Footsteps of Mahakasyapa

Gurpã: the Last Footsteps of Mahakasyapa traces the pilgrimage of 25 international monks from Thailand, Cambodia, Laos, Vietnam, and India as they retrace the final journey of Mahakasyapa from Veluvana (Rajgir) to Gurpã Mountain. The film combines documentary storytelling with cinematic techniques to present the sacred walk of the Venerable Mahasangha of the ITCC and the profound significance of Mahäkasyapa’s last journey.

The documentary highlights the historical, prophetic, and spiritual aspects of Mahakasyapa’s life, and the sacredness of Gurpā Mountain, one of the most significant locations in Buddhism. The film underscores the connection between the Buddha’s teachings and the Buddhacarika, the geographical entity encompassing the areas of the Buddha’s sublime wanderings and those of his principal disciples.

Director, Shri Surinder M. Talwar is an acclaimed Indian filmmaker with over 40 years of experience in the audio-visual industry. He has directed a wide range of films, including research-based documentaries, short features, docu-dramas, corporate films, and award-winning music videos. His films have been showcased at various forums, including the United Nations. In recent years, Talwar has focused solely on projects related to Buddhismand Indian Buddhist heritage. His film Buddhism: A Spiritual Journey has won numerous awards both in India and internationally.

This project, conceived by the Light of the Buddha Dhamma Foundation International – India (LBDFI) and the Nava Nalanda Mahavihara (NNM), seeks to revive the 70 km trail that Mahakãsyapa took over 26 centuries ago to reach his final resting place at Gurpã Mountain. The film aims to raise awareness of Mahakasyapa’s contributions to Buddhism and promote the revival of the ancient Cetiya Carikã tradition. This significant documentary will also be showcased at the upcoming United Nations Vesak Celebration 2025.

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Sunil Kumar Tiwari

pibculture[at]gmail[dot]com

(Release ID: 2120275) Visitor Counter : 84

Source: Hong Kong Government special administrative region

Source: Hong Kong Government special administrative region

     Following are the speaking notes of the Secretary for Labour and Welfare, Mr Chris Sun, on welfare, poverty alleviation and children policy areas tabled at the special meeting of the Legislative Council (LegCo) Finance Committee today (April 9):

Chairman and Honourable Members,

     In 2025-26, government recurrent spending on social welfare is estimated to be $130.4 billion, accounting for 22.2 per cent of the total recurrent government expenditure of the year, first amongst all policy area groups. Compared with the revised estimate for 2024-25 of $118.7 billion, there is an increase of about $11.7 billion in recurrent spending on social welfare. The increase is about 9.8 per cent. Now, let me highlight how the Labour and Welfare Bureau (LWB) will make use of these resources.

Government Public Transport Fare Concession Scheme for the Elderly and Eligible Persons with Disabilities ($2 Scheme)

     The Financial Secretary has announced in the 2025-26 Budget the adjustments of the $2 Scheme. On the basis that the targeted beneficiaries remain unchanged, the Government will change the concessionary fare to “$2 flat rate cum 80 per cent discount”, which means that beneficiaries will continue to pay $2 for trips with full adult fare below or equal to $10. For trips with full adult fare above $10, the beneficiaries will have to pay the amount after 80 per cent discount of the full fare. Furthermore, the number of concessionary trips will also be limited to 240 per month. This fine-tuned proposal preserves our policy intent while striking a balance between enhancing the sustainability of the scheme and minimising the impacts to the beneficiaries. Our preliminary estimate at the time of the Budget announcement was that the “$2 flat rate cum 80 per cent discount” proposal would be implemented no later than September 2026. Upon liaison with the Octopus Cards Limited and public transport operators, the “$2 flat rate cum 80 per cent discount” proposal can be implemented in April 2026, which is around five months earlier than the original estimate. The amount of additional savings is about $260 million. As for the “concessionary trips limit” proposal, we expect that it will be implemented about one year after the implementation of the “$2 flat rate cum 80 per cent discount” proposal.

Elderly services

     The recurrent government expenditure on elderly services this year is estimated to reach about $17 billion, representing an increase of about 50 per cent over about $11 billion five years ago (i.e. 2020-21).

     The Government will continue to strengthen residential and community care services for the elderly. We will add 1 000 Residential Care Service Vouchers for the Elderly (RCSV) and 1 000 Community Care Service Vouchers for the Elderly (CCSV) starting from the second quarter this year, so that the numbers of RCSV and CCSV will reach 6 000 and 12 000 respectively.  The annual expenditure involved is about $1,710 million and $900 million respectively.

Cash assistance 

     This year’s Budget proposes to provide a one-off extra half-month allowance to eligible recipients of social security payments, which will incur an expenditure of about $2,988 million and is expected to benefit about 1.71 million persons. Similar arrangements will apply to recipients of the Working Family Allowance Scheme. It is expected that around 56 000 households will benefit from this initiative, incurring an expenditure of about $96 million.

Enhance support for persons with disabilities

     Starting from the third quarter of this year, the Government will regularise the Pilot Project on Enhancing Vocational Rehabilitation Services to enhance services and training models in Sheltered Workshops and Integrated Vocational Rehabilitation Services Centres to build a better vocational rehabilitation and training ladder for persons with disabilities. This initiative involves an annual expenditure of about $100 million, and it is expected to benefit about 10 000 people.

     The Government will set up 14 Integrated Community Rehabilitation Centres across the territory in phases to provide persons with disabilities who require medium to high-level care with flexible and integrated community support services through a case management approach. Moreover, 1 280 additional day community rehabilitation and home care service places will be provided for persons with severe disabilities. Additional annual expenditure involved is around $160 million.

     In addition, in view of the remarkable effectiveness of peer support services for persons in mental recovery, the Chief Executive announced in the 2024 Policy Address that peer support services will be expanded to other types of disabilities, with 90 additional peer supporter posts added in District Support Centres for Persons with Disabilities and Parents/Relatives Resource Centres. Annual expenditure involved is around $21 million.

Online youth emotional support platform

     The Government will enhance the services of the five existing Cyber Youth Support Teams in the second quarter of 2025 by providing an online youth emotional support platform. Total additional expenditure involved is around $150 million.

District Services and Community Care Teams – Scheme on Supporting Elderly and Carers

     The Government launched the District Services and Community Care Teams – Pilot Scheme on Supporting for Elderly and Carers in Tsuen Wan and Southern Districts in March last year. Care Teams were engaged to help identify households of singleton/doubleton elderly persons and carers of elderly persons/persons with disabilities in need, providing them with caring and support services. In light of the satisfactory results of the Pilot Scheme, the Chief Executive announced in the 2024 Policy Address that the Scheme will be extended to across the territory in the second quarter of 2025, supporting elderly persons and carers in all 18 districts. This initiative involves an annual expenditure of about $111.9 million.

Rehabilitation services places

     The Government is committed to building an inclusive society and supporting persons with disabilities in developing their physical, mental social capabilities to the fullest possible extent, and to promote their integration into the community. To this end, the Government is committed to increasing the number of rehabilitation (including day, residential and respite care) service places from about 37 300 in 2023-24 to about 39 900 by 2028-29 and providing about 1 040 additional day care, residential care and pre-school rehabilitation service places in 2025-26. These involve an annual expenditure of about $186 million.

Assist working families in childbearing

     Over the three years starting from 2024, the Government is setting up 11 more aided standalone Child Care Centres (CCCs) in phases, increasing the number of CCCs from 15 to 26, and increasing the service places from about 1 000 to about 2 000. Four of the new CCCs have commenced service in 2024, providing a total of 344 service places. The Social Welfare Department (SWD) will also further enhance the Neighbourhood Support Child Care Project by further increasing the number of service places from 2 000 to 2 500, with the estimated number of beneficiaries to be increased from 20 000 to 25 000.  

Child protection 

     The Mandatory Reporting of Child Abuse Ordinance will come into effect on January 20, 2026, creating a wider and more effective protection web for children. In this connection, the Government will provide an additional annual provision of $186 million to increase the number of emergency places for residential childcare service and strengthen professional support for child abuse victims and their families.

     To strengthen the prevention of child abuse at its source, the Government will allocate an additional provision of $96.9 million from 2025-26 to 2029-30 for setting up four Community Parents and Children Centres on a pilot basis. The Centres will promote parent-child interaction through play-based services and instil positive parenting skills in parents, and render support for families with parenting needs. The four Community Parents and Children Centres will commence operation progressively starting from 2026.

Implementation of Productivity Enhancement Programme (PEP) 
  
     The Financial Secretary has announced in the 2025-26 Budget that the Government would step up the PEP. On the premise that the Comprehensive Social Security Assistance and Social Security Allowance will not be affected, the rate of reduction of recurrent government expenditure will be increased from the original 1 per cent to 2 per cent in 2025-26. This arrangement will be extended for two more years to 2027-28. Taking into account the 1 per cent cut in 2024-25, the cumulative rate of reduction will be 7 per cent in total. After considering various factors and trying the best to redeploy internal resources, the LWB and the SWD rolled out four support measures to assist non-governmental organisations operating subvented welfare services (subvented NGOs) in implementing the PEP, including 
(i) shouldering part of the financial impact on subvented NGOs and exempting multiple items that are subject to reduction in expenditure; 
(ii) increasing subvented NGOs’ flexibility and certainty in utilising the reserves of Lump Sum Grant subvention; 
(iii) reducing the workload of handling cost apportionment; and 
(iv) enhancing Funding and Service Agreements.

     I have met with heads of subvented NGOs immediately after the announcement of the Budget to explain the support measures. I would like to thank the senior management of the subvented NGOs for leading their staff to rise to the challenges, and for working with the Government in a concerted manner to make the best use of public resources to implement the PEP together and continue to provide quality services to the needy.

     Chairman, this concludes my opening remarks. Members are welcome to raise questions.

Source: Government of India

Union Health Minister Shri JP Nadda Chairs 8th Central Institute Body Meeting of All India Institutes of Medical Sciences

Launches Inter AIIMS Referral portal made by AIIMS Delhi

Out of 22 AIIMS approved under the scheme, 18 AIIMS are operational and providing state of the art, affordable tertiary care health services to people in underserved and remote areas of the country

Highest standards of quality in processes and outcomes should be ensured through appropriate accreditation/certification and IT should be effectively used for improved governance and patient convenience: Shri JP Nadda

Posted On: 08 APR 2025 10:30PM by PIB Delhi

The 8th Central Institute Body meeting of All India Institutes of Medical Sciences was held under the Chairpersonship of Union Minister for Health and Family Welfare Shri Jagat Prakash Nadda, here today.

The meeting was attended by all the Presidents and Executive Directors of new AIIMS set up under the Pradhan Mantri Swasthya Suraksha Yojana besides the Institute Body members of AIIMS Delhi. Union Minister of State for Health and Family Welfare, Smt Anupriya Patel; Member (Health), NITI Aayog, Dr V.K Paul; Member of Parliament (Lok Sabha), Smt. Bansuri Swaraj; Union Health Secretary, Smt. Punya Salila Srivastava, Secretary, Department of Health Research, Dr. Rajiv Bahl and Secretary, AYUSH, Dr Vaidya Rajesh Kotecha were present in the meeting. Union Minister of State for Health and Family Welfare, Shri Pratap Rao Jadhav attended the meeting virtually.

During the meeting, various agenda items relating to developing AIIMS as Institutes of Excellence in teaching learning, clinical care and research were discussed in detail. It was noted that out of 22 AIIMS approved under the scheme, 18 AIIMS are operational and these institutes are providing state of the art, affordable tertiary care health services to the people in underserved and remote areas of the country.

Union Health Minister launched the Inter AIIMS Referral portal made by AIIMS Delhi. He emphasized that all the AIIMS should come together as a community and share good practices and learn from each other. He stated that “highest standards of quality in processes and outcomes should be ensured through appropriate accreditation/certification and Information Technology should be effectively used for improved governance and patient convenience”. He also emphasized that while maintaining uniformity in principles, flexibility in operation is essential to bring out the best from each institute.

*****

 

MV

HFW/ HFM Chairs 8^th CIB Meeting/08 April 2025/1

(Release ID: 2120252) Visitor Counter : 7

Source: Government of India

Posted On: 09 APR 2025 3:12PM by PIB Delhi

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi today approved the Modernization of Command Area Development and Water Management (M-CADWM) as a sub-scheme of Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) for the period 2025-2026 with an initial total outlay of Rs.1600 crore.

The scheme aims for modernization of the irrigation water supply network to supply of irrigation water from existing canals or other sources in a designated cluster. It will make robust backend infrastructure for micro-irrigation by farmers from established source to the Farm gate upto 1 Ha with underground pressurized piped irrigation. The use of SCADA, Internet of things technology will be used for water accounting and water management. This will increase the Water Use Efficiency (WUE) at the farm level, increase agriculture production & productivity; and thereby increase the income of farmers.

The projects will be made sustainable by Irrigation Management Transfer (IMT) to the Water User Society (WUS) for management of irrigation assets. The Water User Societies will be given handholding support for linking them with existing Economic Entities like FPO or PACS for five years. The youth will also be attracted to farming, to adopt the modern method of irrigation.

The initial approval is for taking up pilot projects across various agroclimatic zones in the country by challenge funding to the states. Based on the learning’s in design and structuring of these projects, National Plan for Command Area Development and Water Management will be launched starting from April 2026 for the 16th Finance Commission period.

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MJPS/SKS

(Release ID: 2120360) Visitor Counter : 109

Source: Government of India

Posted On: 09 APR 2025 3:09PM by PIB Delhi

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has approved the Construction of 6 lane Zirakpur Bypass starting from Junction with NH-7 (Zirakpur-Patiala) and ending at Junction with NH-5 (Zirakpur-Parwanoo) with a total length 19.2 Km in State of Punjab and Haryana under NH(O) on Hybrid Annuity Mode with a significant step to facilitate integrated transport infrastructure development under the PM Gatishakti National Master Plan principle.

The total capital cost of the project is  Rs.1878.31 crore.

The Zirakpur Bypass starts from the junction with NH-7 (Chandigarh-Bathinda) in Zirakpur and follows the Punjab Government Master Plan in Punjab and terminates at the junction with NH-5 (Zirakpur-Parwanoo) in Panchkula of Haryana, thus avoiding the highly urbanized and congested stretch of Zirakpur in Punjab and Panchkula in Haryana.

The primary purpose of the project is to ease up congestion in Zirakpur, Panchkula and surrounding areas by diverting traffic from Patiala, Delhi, Mohali Aerocity and providing direct connectivity to Himachal Pradesh. The current proposal aims at reducing the travel time and ensuring hassle-free traffic movement in the congested urban section of NH-7, NH-5 and NH-152.

Government has taken up decongestion of Chandigarh, Panchkula and Mohali urban agglomeration with development of road network which would take shape of ring road as indicated in the map. The Zirakpur bypass is an important component of this plan.

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MJPS/SKS

(Release ID: 2120357) Visitor Counter : 116

Source: Government of India

Cabinet approves doubling of Tirupati-Pakala-Katpadi single railway line Section (104 km) in Andhra Pradesh and Tamil Nadu with total cost of Rs.1332 crore

Initiative will improve travel convenience, reduce logistic cost, decrease oil imports and contribute to lower CO2 emissions, supporting sustainable and efficient rail operations

Multi-tracking project will enhance connectivity to approx.400 villages and about 14 lakh population

The project aims to enhance connectivity to Tirupati which is home to the revered Tirumala Venkateswara Temple. The temple receives about 75,000 pilgrims daily, and during auspicious occasions, footfall reaches 1.5 lakh per day

The project will also generate direct employment for about 35 lakh human-days during construction

Posted On: 09 APR 2025 3:06PM by PIB Delhi

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has approved the doubling of Tirupati – Pakala – Katpadi single railway line Section (104 km) in Andhra Pradesh and Tamil Nadu with total cost of Rs.1332 crore (approx.).

The enhanced line capacity will improve mobility, providing enhanced efficiency and service reliability for Indian Railways. The multi-tracking proposal will ease operations and reduce congestion, providing the much-required infrastructural development on the busiest sections across Indian Railways. The project is in line with the Prime Minister Shri Narendra Modiji’s Vision of a New India which will make people of the region “Atmanirbhar” by way of comprehensive development in the area which will enhance their employment/ self-employment opportunities.

The project is result of PM-Gati Shakti National Master Plan for multi-modal connectivity which have been possible through integrated planning and will provide seamless connectivity for movement of people, goods and services.

The project covering three Districts in two States i.e., Andhra Pradesh and Tamil Nadu will increase the existing network of Indian Railways by about 113 Kms.

Along with connectivity to Tirumala Venkateswara Temple, project section also provides rail connectivity to other prominent destinations such as Sri Kalahasti Shiva Temple, Kanipakam Vinayaka Temple, Chandragiri Fort, etc. attracting pilgrims and tourists from across the country.

Multi-tracking project will enhance connectivity to approx. 400 villages and about 14 lakh population.

This is an essential route for transportation of commodities such as coal, agricultural commodities, cement and other minerals etc. The capacity augmentation work will result in additional freight traffic of magnitude 4 MTPA (Million Tonnes Per Annum). The Railways being environment friendly and energy efficient mode of transportation, will help both in achieving climate goals and minimizing logistics cost of the country, reduce oil import (4 Crore Litres) and lower CO2 emissions (20 Crore Kg) which is equivalent to plantation of one Crore trees.

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MJPS/SKS

(Release ID: 2120355) Visitor Counter : 138

Source: Government of India

PRESIDENT MEETS THE PRIME MINISTER OF PORTUGAL AND THE PRESIDENT OF ASSEMBLEIA DA REPUBLICA

ADDRESSES THE MEMBERS OF THE INDIAN COMMUNITY IN PORTUGAL AT A COMMUNITY RECEPTION

PRESIDENT LEAVES FOR SLOVAKIA

Posted On: 09 APR 2025 1:31PM by PIB Delhi

On the concluding day (April 8, 2025) of her visit to Portugal, the President of India, Smt. Droupadi Murmu met the President of Assembleia Da Republica (Portuguese Parliament), H.E. José Pedro Aguiar-Branco at Lisbon. They were in accord that regular exchanges between the Parliaments of India and Portugal would boost the people-to-people ties between the two countries. The President also met and held talks with the Prime Minister of Portugal, H.E. Mr Luis Montenegro at Lisbon. During the meeting, both leaders discussed the way forward for further strengthening bilateral relations. They agreed that there are greater opportunities for cooperation in many areas, such as trade and commerce, defence, science and technology, and energy.

Yesterday (April 8, 2025), President Droupadi Murmu, accompanied by President Marcelo Rebelo De Sousa, visited Champalimaud Foundation in Lisbon and witnessed various research and development initiatives, including in the fields of neuroscience, oncology, experimental clinical research, and automated medicine delivery. The President also had a lively interaction with Indian researchers and scholars working at the Foundation and at other institutions across Portugal. She commended the Indian scholars for their role in deepening India-Portugal collaboration in emerging technologies and scientific research.

The Champalimaud Centre for the Unknown is a state-of-the-art medical, scientific and technological institution where interdisciplinary clinical care is being developed alongside applied research activities and advanced education programmes.

Later, the President paid floral tributes at the statue of Mahatma Gandhi and Kasturba Gandhi in Lisbon. She also visited the Radha-Krishna Temple and offered her prayers.

In the final engagement in Lisbon, the President addressed the members of the Indian Community at a Reception hosted by the Ambassador of India to Portugal.  The accompanying Minister of State, Smt. Nimuben Jayantibhai Bambhaniya as well as Members of Parliament, Shri Dhaval Patel and Smt. Sandhya Ray were present on the occasion.

Addressing the enthusiastic gathering of Indian community members who had travelled to Lisbon for the occasion from all parts of Portugal, the President said that representing many parts of India and different communities, they not only reflect the diversity of India but also represent the shared values that bind our countries – democracy, pluralism, the spirit of fraternity.

The President said that their contributions to Portugal, and their efforts to promote Indian culture, make them true ambassadors of our country. She was happy to note that they are achieving success and accomplishments through their hard work and making India proud. She thanked the Government and people of Portugal for welcoming the Indian diaspora and ensuring their safety and well-being.

The President said that the Government of India is committed to strengthening the bond with its diaspora and ensuring their welfare. The Government has taken several initiatives to support the diaspora in times of crisis. She told members of the Indian diaspora that the Indian Missions abroad are ready to assist every Indian because wherever they are, their motherland is always with them!

Following the reception, the President departed for the Slovak Republic.

Please click here to see the President’s Speech – 

 

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MJPS/SR

(Release ID: 2120316) Visitor Counter : 88

Source: Hong Kong Government special administrative region

Source: Hong Kong Government special administrative region

The following is issued on behalf of the Hong Kong Monetary Authority:
 
The Hong Kong Institute for Monetary and Financial Research (HKIMR), the research arm of the Hong Kong Academy of Finance (AoF), today (April 9) released a new Applied Research report, titled “Financial Services in the Era of Generative AI: Facilitating Responsible Adoption”.
 
This report provides an overview of the evolution of Generative Artificial Intelligence (GenA.I.) and its broader implications for both the financial services industry and financial regulators. The report draws on the findings from a survey and interviews that gathered the views of market participants on the current state of GenA.I. adoption among local financial institutions, the expected trajectory of GenA.I. development in Hong Kong, and the strategies employed for risk management and talent development.
 
The report finds that the adoption of GenA.I. is progressing steadily across the financial services industry in Hong Kong, with 75 per cent of the surveyed financial institutions have already implemented at least one GenA.I. use case, or are currently piloting and designing use cases and exploring potential investment areas. This ratio is expected to increase to 87 per cent within the next three to five years. There are challenges hindering adoption, including concerns regarding model accuracy, data privacy and security, as well as constraints related to resources and talent. However, the emergence of less resource-intensive models and maturing technology, coupled with regulatory engagement, are likely to contribute to the broadening of GenA.I. adoption over time. Based on these findings, the report outlines some considerations aimed at facilitating responsible GenA.I. adoption by the financial services industry in Hong Kong.
 
     “We hope that the findings of this report can help inform best practices for addressing GenA.I. adoption challenges in the financial services industry, and contribute to discussions on responsible innovation and adoption, as well as industry-wide capacity building,” said the Chief Executive Officer of the AoF and Executive Director of the HKIMR, Mr Enoch Fung.
                                                                                                                          
The report is available on the AoF/HKIMR website.
 
About the AoF

The AoF is set up with full collaboration amongst the Hong Kong Monetary Authority, the Securities and Futures Commission, the Insurance Authority and the Mandatory Provident Fund Schemes Authority. By bringing together the strengths of the industry, the regulatory community, professional bodies and the academia, it aims to serve as (i) a centre of excellence for developing financial leadership; and (ii) a repository of knowledge in monetary and financial research, including applied research.
 
About the HKIMR

The HKIMR is the research arm of the AoF. Its main remit is to conduct research in the fields of monetary policy, banking and finance that are of strategic importance to Hong Kong and the Asia region. The Applied Research studies undertaken by the HKIMR are on topics that are highly relevant to the financial industry and regulators in Hong Kong, and they aim to provide insights on the long-term development strategy and direction of Hong Kong’s financial industry.