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news.gov.hk – New youth network launched

Secretary for Home & Youth Affairs Alice Mak today officiated at the kick-off ceremony of the Youth Link initiated by the Home & Youth Affairs Bureau.   The name Youth Link highlights the Government’s aspiration to connect young people and provide them with extensive opportunities to develop their talent and serve the community, the bureau

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US stocks give up some gains as govt shutdown nears

US stocks finished mixed on Friday, reversing some earlier gains to close out a gloomy month of trading ahead of a likely government shutdown starting this weekend. The United States is headed towards its first shutdown since 2019 on Saturday night, with hardline Republicans on Friday tanking a plan proposed by their own party to

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news.gov.hk – Mortgage loans up 26.9%

Residential mortgage loans approved in August increased 26.9% compared with July to $35.6 billion, the Monetary Authority announced today.   Mortgage loans financing primary market transactions dropped 19.8% to $4.7 billion, while those financing secondary market transactions rose 7.6% to $14.4 billion.   Loans for refinancing increased 86.9% to $16.6 billion.   Mortgage loans drawn

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US stocks jump as inflation report brings reprieve

Wall Street stocks rose on Friday as government data showed a measure of underlying inflation cooling, bringing some relief to markets. Around 10 minutes into trading, the Dow Jones bounced by 0.5 percent to 33,829. The S&P 500 rallied 0.7 percent to 4,328, while the Nasdaq surged 1.1 percent to 13,340. “There’s a little bit

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news.gov.hk – Tech scheme forum held

The Innovation & Technology Commission today held a forum to announce to universities the official launch of the Research, Academic & Industry Sectors One-plus Scheme in mid-October.   The Chief Executive announced the scheme, which aims to incentivise collaboration among Hong Kong’s industrial, academic and research sectors and promote the so-called “1 to N” transformation

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Health chief makes flu jab appeal

Secretary for Health Prof Lo Chung-mau called on the public to get vaccinated early against seasonal influenza as he received his own vaccination at the Sai Wan Ho General Out-patient Clinic this morning.   The Seasonal Influenza Vaccination Subsidy Scheme 2023-24 launched today. In addition, the Government Vaccination Programme, the SIV School Outreach (Free of

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Evergrande says chairman investigated for crimes

China Evergrande Group on Thursday said its founder Hui Ka-yan has been subject to “mandatory measures” over suspicion of illegal crimes. “The company has received notification from relevant authorities that Mr. Hui Ka-yan, an executive director of the company and chairman of the board of directors of the company, has been subject to mandatory

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news.gov.hk – Govt, community-created dream park

Apart from serving a practical purpose on the inside, the sewage pumping station in Kwun Tong now doubles as a deck park thanks to the Drainage Services Department and its goal of fulfilling the Government’s “single site, multiple use” initiative and accommodating the needs of the community.   The newly-opened Cha Kwo Ling Promenade has

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news.gov.hk – Wealth management link upgraded

The Hong Kong Special Administrative Region Government today welcomed a decision to further enhance the Guangdong-Hong Kong-Macao Greater Bay Area Cross-boundary Wealth Management Connect Pilot Scheme.   The decision was jointly announced by the People’s Bank of China, the National Administration of Financial Regulation, the China Securities Regulatory Commission, the State Administration of Foreign Exchange,

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US stocks closed mixed on bond yields and oil

Wall Street stocks were mixed at the end of a choppy session on Wednesday as markets weighed higher oil prices and volatility in Treasury bond yields. US oil prices closed at their highest level in more than a year, adding to worries about persistent inflation that could lead the Federal Reserve to keep interest rates

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Fire dragon leads revitalisation efforts

After a three-year postponement due to the COVID-19 pandemic, the Tai Hang Fire Dragon will once again dance during the Mid-Autumn Festival for three consecutive nights between September 28 to 30.   Citizens can enjoy spectacular scenes such as the “fire dragon crossing the bridge” and “the dragon coil” to experience the charm of this

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FS meets ECB President in Frankfurt

Financial Secretary Paul Chan proceeded to Frankfurt from Berlin yesterday to call on European Central Bank President Christine Lagarde and Deutsche Bank President James von Moltke.   Mr Chan briefed Madame Lagarde on the latest economic and financial market developments in Hong Kong, and shared with her his observations from visiting Europe.   Mr Chan

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