Skip to main content

Featured

More HZMB private car quotas set

The governments of Hong Kong and Macau have agreed to increase the regular quotas for Hong Kong cross-boundary non-commercial private cars using the Hong Kong-Zhuhai-Macao Bridge to Macau, the Transport Department announced today.   The decision was made to enhance traffic flow between Hong Kong and Macau, better utilising the bridge, the department said.   It will increase the Hong Kong quota by 1,000, following the earlier quota allocation of 1,800 for Hong Kong.   The additional quota will be distributed in two phases from the second quarter.   Half of the additional 1,000 quota allocations is for company applicants and the other half is for individual applicants. The quotas are valid for no more than three years. The eligibility criteria of quota applications remains the same.   Private cars allocated with Hong Kong quotas will be permitted to access the city of Macau multiple times using the bridge.   The Hong Kong quota allotments will be re-allocated upon expiry thro

Govt opposes US statements

Financial Secretary Paul Chan today said the malicious smear and allegations against the National Security Law made in the 2021 Investment Climate Statements: Hong Kong released by the US Department of State are unfounded.   In his response to the report, Mr Chan noted that the Hong Kong Special Administrative Region Government strongly objects and condemns the US administration's repeated attempts to smear the National Security Law and grossly interfere in Hong Kong's affairs, adding that it took great exception to the malicious comments relating to the law in the statements.   "The statements on one hand attempted to slander the National Security Law, but on the other hand mentioned that Hong Kong remains a popular destination for US investment and trade, possesses world-class institutions and regulatory systems and provides competitive financial, trading and professional services.   "The relevant comments proved that the remarks made by the US administration are self-contradictory, illogical and the accusations to the National Security Law are self-defeating."   He reiterated that the implementation of the National Security Law has safeguarded Hong Kong's unique strengths under the "one country, two systems" principle and ensured a safe and stable environment, which reinforced the city's position as an international financial centre and is conducive to attracting more global investors to do business and invest in Hong Kong.   To seize the opportunities arising from the Guangdong-Hong Kong-Macao Greater Bay Area market and green finance, some global financial institutions are already planning to increase investment or expand their operations in Hong Kong, reflecting international investors' confidence in the city, he added.   The finance chief also pointed out that the implementation of the National Security Law in the past year has made Hong Kong's transition from chaos to order and returned people's lives to normal.   Furthermore, the improved electoral system has mitigated internal attrition and political wrangling, enabling the Hong Kong SAR Government and the society to focus their energy on developing the economy and improving livelihoods.   Mr Chan said: "Hong Kong's position as an international financial centre is as strong as the past. Its financial market has remained robust.   "The Hong Kong SAR Government has strong confidence and ability to fully utilise Hong Kong's unique advantages and competitiveness, grasp the enormous opportunities brought about by the National 14th Five-Year Plan, the bay area development and the Belt & Road Initiative, leading Hong Kong's economy to prosperity."
http://dlvr.it/S4H5sH

Popular Posts