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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

HK ranked freest economy again

The Government today welcomed the Fraser Institute's ranking of Hong Kong as the world's freest economy, saying the decision affirms the city's long-standing and steadfast commitment to building a free economy with a level playing field.   Hong Kong has held the top rank since the inception of the Fraser Institute's report. Among the latest report's five areas of assessment, the city continued to rank first in “Freedom to Trade Internationally” and “Regulation”.   In relation to the institute's unfair comments regarding Hong Kong's rule of law, the enactment of the National Security Law and Mainland intervention in Hong Kong's affairs, the Government stressed that under “one country, two systems”, the Hong Kong Special Administrative Region's trusted legal system remains as robust as ever.   The rule of law is a fundamental core value of Hong Kong and much cherished by the community. The Government has been fully committed to upholding Hong Kong's fine tradition of the rule of law and judicial independence.   The enactment of the National Security Law is for safeguarding national security, which is the legitimate right and duty of every state.   The National Security Law has clearly stipulated four categories of offences that endanger national security. It clearly sets out the elements of the offences, penalties, mitigation factors and other consequences. There is no question of law-abiding people inadvertently violating the law.   The Government noted it will continue to uphold Hong Kong's institutional strengths, including the rule of law and judicial independence, a free trade and investment regime, a simple and low tax system, a favourable business environment and an efficient and clean government.   “These strengths will continue to provide a conducive environment for businesses to thrive and to strengthen their competitiveness, enabling our economy to prosper,” it added.   As Hong Kong enjoys unique advantages and unlimited business opportunities, the Government has every confidence in its long-term economic development.
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