Hong Kong Economic and Trade Office, USA
Hong Kong

News Release - June 2021

Hong Kong students triumph at 33rd International Olympiad in Informatics
June 30, 2021 - A team of four students representing Hong Kong achieved excellent results in the International Olympiad in Informatics (IOI) 2021, winning one gold medal and three silver medals. A total of 88 countries or regions from all over the world participated in this year’s IOI, the 33rd event, which is the most recognized worldwide computer science competition aimed at secondary students under 20 years of age. 

Exchange Fund at US$582.9 billion
June 30, 2021 - The Hong Kong Monetary Authority (HKMA) announced today that the total assets of the Exchange Fund amounted to HK$4,547.3 billion (US$582.9 billion) as at May 31, 2021. This is HK$8.9 billion (US$1.1 billion) higher than that at the end of April 2021. Hong Kong dollar assets increased by HK$4.6 billion (US$589 million) and foreign currency assets increased by HK$4.3 billion (US$551 million).

Financial results for the two months ended May 31, 2021
June 30, 2021 - The Hong Kong Special Administrative Region Government announced today its financial results for the two months ended May 31, 2021.

Provisional statistics of retail sales for May 2021
June 30, 2021 - The Census and Statistics Department of the Hong Kong Special Administrative Region Government released the latest figures on retail sales today.

Secondment agreement between DoJ and Asian Infrastructure Investment Bank signed
June 30, 2021 - The Department of Justice (DoJ) of the Hong Kong Special Administrative Region Government signed a secondment agreement with the Asian Infrastructure Investment Bank (AIIB) yesterday (June 29) for the secondment of a DoJ legal officer to the legal department of AIIB for 12 months commencing on August 23.

HKMA hosts flagship Regtech event “Unlocking the Power of Regtech”
June 30, 2021 - The Hong Kong Monetary Authority (HKMA) successfully hosted its flagship Regtech conference “Unlocking the Power of Regtech” today. The virtual event was attended by over 4 000 participants with strong interest in Regtech.

InvestHK builds FamilyOfficeHK team to promote Hong Kong as leading hub for family offices in Asia
June 29, 2021 - Invest Hong Kong (InvestHK) announced today the opening of the independent office of its dedicated FamilyOfficeHK team, which aims to promote family office business in the city. The office in Admiralty, near Central and its cluster of family offices, provides a convenient location for the department to serve its family office clients.

Government announces Clean Air Plan for Hong Kong 2035
June 29, 2021 - The Hong Kong Special Administrative Region Government today announced the Clean Air Plan for Hong Kong 2035, setting out the vision of “Healthy Living‧Low-carbon Transformation‧World Class”, and the challenges, goals and strategies to enhance the air quality of Hong Kong to 2035.

Government launches sixth batch of Silver Bond
June 29, 2021 - The Hong Kong Special Administrative Region Government announced today (June 29) the launch of the sixth batch of Silver Bond under the retail part of the Government Bond Programme for subscription by eligible Hong Kong residents.  

External merchandise trade statistics for May 2021
June 28, 2021 - The Census and Statistics Department of the Hong Kong Special Administrative Region Government released today (June 28) the external merchandise trade statistics for May 2021. In May 2021, the values of Hong Kong’s total exports and imports of goods both recorded year-on-year increases, at 24% and 26.5% respectively.

Government announces list of recognized private laboratories for antibody test
June 26, 2021 - The Hong Kong Special Administrative Region Government announced today the list of recognized private medical laboratories for conducting recognized antibody test. 

Chief Secretary for Administration to leave post
June 25, 2021 - The Chief Secretary for Administration of the Hong Kong Special Administrative Region Government, Mr Matthew Cheung Kin-chung, today made the following statement on his departure:

Government announces appointment and removal of Principal Officials
June 25, 2021 - The Chief Executive, Mrs Carrie Lam, announced today (June 25) that the Central People’s Government, upon her nomination and recommendation in accordance with Article 48(5) of the Basic Law, approved the appointment of Mr John Lee Ka-chiu as the Chief Secretary for Administration, Mr Tang Ping-keung as the Secretary for Security and Mr Siu Chak-yee as the Commissioner of Police as well as the removal of Mr Matthew Cheung Kin-chung from the post of Chief Secretary for Administration, Mr Lee from the post of Secretary for Security and Mr Tang from the post of Commissioner of Police.

“Why Hong Kong” webinar series successfully concluded
June 25, 2021 - The “Why Invest in Hong Kong - A Look to the Future” webinar was held successfully today. The event is the last session of the “Why Hong Kong" webinar series, co-organized by the Department of Justice, the Asian Academy of International Law and Invest Hong Kong, to showcase Hong Kong’s strength and to illustrate Hong Kong's irreplaceable role to the international community.

Government tightens quarantine requirements for persons arriving from UK and adjusts testing requirement for boarding from high-risk places
June 24, 2021 - The Hong Kong Special Administrative Region Government announced today that the quarantine requirements for persons arriving from the United Kingdom (UK) will be tightened from June 28, while testing requirement for boarding flights from high-risk places will be adjusted from June 26.

Government to further relax social distancing measures under “vaccine bubble”
June 22, 2021 - The Hong Kong Special Administrative Region Government will gazette directions and specifications under the Prevention and Control of Disease (Requirements and Directions) (Business and Premises) Regulation (Cap. 599F), the Prevention and Control of Disease (Prohibition on Group Gathering) Regulation (Cap. 599G) and the Prevention and Control of Disease (Wearing of Mask) Regulation (Cap. 599I) to further relax social distancing measures on conditions with “vaccine bubble” as the basis.

Consumer Price Indices for May 2021
June 22, 2021 - The Census and Statistics Department of the Hong Kong Special Administrative Region Government released today the Consumer Price Index (CPI) figures for May 2021. According to the Composite CPI, overall consumer prices rose by 1.0% in May 2021 over the same month a year earlier, larger than the corresponding increase (0.8%) in April 2021.

Government plans to adjust quarantine requirements for vaccinated persons arriving at Hong Kong
June 21, 2021 - The Hong Kong Special Administrative Region Government announced today (June 21) that the quarantine requirements for persons arriving at Hong Kong who have received COVID-19 vaccination will be adjusted in phases. Except for those who had stayed in extremely high-risk or very high-risk places (Group A1 and A2 specified places), fully vaccinated persons with a positive result of serology testing for antibodies will be subject to a further shortened compulsory quarantine period of seven days upon arrival.

Government announces details of Consumption Voucher Scheme
June 18, 2021 - The Hong Kong Special Administrative Region Government announced today that the Consumption Voucher Scheme (the Scheme) will open for registration on July 4, 2021. Hong Kong permanent residents and new arrivals aged 18 or above on or before June 18, 2021, and residing in Hong Kong, may register to receive electronic consumption vouchers with a total value of HK$5,000 (US$641) by instalments.

Hong Kong ranked seventh in World Competitiveness Yearbook 2021
June 17, 2021 - Hong Kong was ranked seventh globally in the latest World Competitiveness Yearbook (WCY) 2021 published by the International Institute for Management Development (IMD), compared to fifth last year. Switzerland was ranked top, followed by Sweden, Denmark, the Netherlands, Singapore and Norway.

InvestHK launches Global Fast Track 2021 to accelerate fintech scaling opportunities in Hong Kong and beyond
June 17, 2021 - Invest Hong Kong (InvestHK) announced today that the Global Fast Track 2021 program is now open for applications from fintech scale-ups and established firms intending to scale from Hong Kong, Asia’s leading fintech hub, to the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), Asia and beyond. This is a special program led by InvestHK to promote fintech business adoption in Hong Kong. Selected companies will earn a spot to be showcased prominently at Hong Kong FinTech Week 2021 during November 1 to 5.

Volume and Price Statistics of External Merchandise Trade in April 2021
June 17, 2021 - Further to the external merchandise trade statistics in value terms for April 2021 released earlier on, the Census and Statistics Department of the Hong Kong Special Administrative Region Government, released today the volume and price statistics of external merchandise trade for that month.

HKMA launches Regtech Adoption Practice Guide series
June 17, 2021 - The Hong Kong Monetary Authority (HKMA) launched today a new Regtech Adoption Practice Guide series to provide banks with detailed practical guidance on the implementation of Regtech solutions.

Unemployment rate fell to 6%
June 17, 2021 - According to the latest labor force statistics (i.e. provisional figures for March - May 2021) released today by the Census and Statistics Department of the Hong Kong Special Administrative Region Government, the seasonally adjusted unemployment rate decreased from 6.4% in February - April 2021 to 6.0% in March - May 2021. The underemployment rate also decreased from 3.3% in February - April 2021 to 2.8% in March - May 2021.

Secretary for Justice attends APEC virtual Structural Reform Ministerial Meeting
June 16, 2021 - Hong Kong’s Secretary for Justice, Ms Teresa Cheng, SC, attended the virtual Structural Reform Ministerial Meeting of the Asia-Pacific Economic Cooperation (APEC) 2021 today to discuss the region’s structural policy response to COVID-19 under the overarching theme of structural reform and recovery from economic shocks.

StartmeupHK Salons by InvestHK bring innovation and GBA to forefront of this year’s discussions
June 15, 2021 - Invest Hong Kong (InvestHK) announced today that the highly successful 2021 edition of StartmeupHK Salons came to a close on June 10, having attracted around 740 people to join the conversations. Supplementing the StartmeupHK Festival 2021 hosted by InvestHK, six virtual Salons were held worldwide in North America, Latin America, Europe, the Middle East and India, Association of Southeast Asian Nations member states and the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), with the aim of showcasing the business opportunities for start-ups and investors in Hong Kong, the GBA and beyond.

Hong Kong SAR Government strongly refutes the remarks contained in latest UK Six-monthly Report on Hong Kong
June 11, 2021 - The Hong Kong Special Administrative Region (HKSAR) Government objects to the inaccurate remarks on Hong Kong in the United Kingdom Six-monthly Report on Hong Kong (the Report) released on June 10.

Government tightens boarding requirements for persons arriving from certain overseas places
June 11, 2021 - The Hong Kong Special Administrative Region Government announced today that the boarding requirements for persons arriving from certain places will be tightened from June 18.

Hong Kong SAR Government firmly opposes EU’s interference in Hong Kong’s electoral matters
June 10, 2021 - The Hong Kong Special Administrative Region (HKSAR) Government today (June 10) firmly opposes the unfounded accusations made by the European Union (EU) to the Decision on Improving the Electoral System of the HKSAR (the Decision) passed by the National People's Congress (NPC) on March 11, 2021. 

Guangdong-Hong Kong-Macao Pearl River Delta Regional Air Quality Monitoring Network results for 2020 released
June 10, 2021 - Guangdong, Hong Kong and Macao released today a report on air quality in 2020 under the Guangdong-Hong Kong-Macao Pearl River Delta Regional Air Quality Monitoring Network, showing a continuous improvement of air quality in the Pearl River Delta (PRD) in recent years.

Target date of inaugural flights under HK-Singapore Air Travel Bubble to be reviewed in early July
June 10, 2021 - The Governments of the Hong Kong Special Administrative Region (HKSAR) and Singapore will review in early July the target date of inaugural flights under the Hong Kong-Singapore Air Travel Bubble (ATB), taking into account the latest development of the COVID-19 epidemic situation in Singapore, which has been stabilizing since early June. An announcement on the way forward would be made in early July.

BioNTech Vaccine available for persons aged 12 to 15
June 10, 2021 - The Hong Kong Special Administrative Region Government announced today the expansion of the COVID-19 Vaccination Programme by lowering the minimum age for receiving the BioNTech vaccine from 16 to 12.

Government to extend social distancing measures under Prevention and Control of Disease Ordinance
June 9, 2021 - The Hong Kong Special Administrative Region Government will gazette directions and specifications under the Prevention and Control of Disease (Requirements and Directions) (Business and Premises) Regulation (Cap. 599F), the Prevention and Control of Disease (Prohibition on Group Gathering) Regulation (Cap. 599G) and the Prevention and Control of Disease (Wearing of Mask) Regulation (Cap. 599I) to maintain the social distancing measures currently in place. The above directions and specifications take effect at 0.00am on June 10 for a period of 14 days till June 23 (the specified period).

Government welcomes IMF’s assessment commending Hong Kong’s sound macroeconomic and prudential policies and resilience and stability of its financial system
June 9, 2021 - The Hong Kong Special Administrative Region Government welcomes the release of a report today (June 9) by the International Monetary Fund (IMF) which reaffirms Hong Kong's position as an international financial center with a resilient financial system, sound macroeconomic and prudential policies, and robust regulatory and supervisory frameworks.

Scientific Committees under CHP update interim recommendations related to COVID-19 vaccination and quarantine requirements for vaccinated inbound travellers and vaccinated close contacts
June 9, 2021 - The Scientific Committee on Vaccine Preventable Diseases and the Scientific Committee on Emerging and Zoonotic Diseases under the Centre for Health Protection (CHP) of the Department of Health (JSC) convened a meeting today (June 9), joined by the Chief Executive's expert advisory panel (EAP), to discuss interim recommendations related to the interchangeability of COVID-19 vaccines, eligible age groups for receiving the Comirnaty COVID-19 vaccine, the use of COVID-19 vaccines for elderly, and quarantine requirement for vaccinated inbound travelers and vaccinated close contacts.

Hong Kong Monetary Authority unveils “Fintech 2025” strategy
June 8, 2021 - The Hong Kong Monetary Authority (HKMA) today (June 8) unveiled “Fintech 2025”, its new strategy for driving fintech development of Hong Kong.

Foreign currency reserves at US$494.5 billion
June 7, 2021 - The Hong Kong Monetary Authority announced today that the official foreign currency reserve assets of Hong Kong amounted to US$494.5 billion as at the end of May 2021, compared with US$490.6 billion at end-April 2021.

Chief Executive promotes Hong Kong as arts and cultural hub
June 7, 2021 - Hong Kong’s Chief Executive, Mrs Carrie Lam, tonight (June 7) met with representatives of Mainland and overseas art galleries via a webinar. She briefed them on Hong Kong’s growing competitive edge as an international arts and cultural hub, and that it is the best time for them to expand their presence in the city. The Secretary for Home Affairs, Mr Caspar Tsui, and the Under Secretary for Commerce and Economic Development, Dr Bernard Chan, also joined the webinar.

Investment Promotion and Protection Agreement between Hong Kong and Mexico to enter into force on June 16
June 6, 2021 - The Investment Promotion and Protection Agreement (IPPA) between Hong Kong and Mexico will enter into force on June 16. The IPPA with Mexico will enhance the confidence of investors, expand investment flows between Hong Kong and Mexico, and further strengthen bilateral economic and trade ties.

Secretary for Commerce and Economic Development attends APEC virtual Ministers Responsible for Trade Meeting
June 5, 2021 - Hong Kong’s Secretary for Commerce and Economic Development, Mr Edward Yau, attended the virtual Ministers Responsible for Trade (MRT) Meeting of Asia-Pacific Economic Cooperation (APEC) 2021 tonight and spoke on areas of work to which APEC could contribute in conquering the twin battle against the COVID-19 pandemic and the economic crisis brought about by the pandemic.

Hong Kong grants first-ever standard patent by original grant
June 5, 2021 - The Patents Registry of the Intellectual Property Department (IPD) of the Hong Kong Special Administrative Region Government has granted the first standard patent under the original grant patent (OGP) system this week, within 14 months after the date of filing of the application by the applicant.

Chief Executive addresses business sector on opportunities brought about by 14th Five-Year Plan
June 3, 2021 - ​The Chief Executive, Mrs Carrie Lam, today (June 3) addressed more than 200 members of the local and international business community at a webinar hosted by the Hong Kong General Chamber of Commerce (HKGCC) under its 160th anniversary distinguished speakers series. She highlighted the tremendous opportunities presented by the “Outline of the 14th Five-Year Plan for National Economic and Social Development of the People’s Republic of China and the Long-Range Objectives Through the Year 2035” (the 14th Five-Year Plan) approved by the National People’s Congress earlier this year, and encouraged businesses to contribute to and benefit from the national blueprint and action agenda.

Secretary for Food and Health approves lowering age limit for receiving Comirnaty vaccine
June 3, 2021 - ​Hong Kong’s Secretary for Food and Health (SFH) today (June 3) approved the lowering of the age limit for receiving the Comirnaty vaccine to age 12.

Government announces additional fourth cycle designated quarantine hotels
June 3, 2021 - ​The Hong Kong Special Administrative Region Government announced today two additional designated quarantine hotels for the fourth cycle of the Designated Quarantine Hotel Scheme. Along with the 31 hotels announced on May 20, there will be a total of 33 hotels in the fourth cycle, providing about 9,000 rooms, with the contract period running from June 20 to August 31. 

Statistics on vessels, port cargo and containers for first quarter of 2021
June 3, 2021 - The Census and Statistics Department of the Hong Kong Special Administrative Region Government today released the statistics on vessels, port cargo and containers for the first quarter of 2021.

Government welcomes passage of Inland Revenue (Amendment) (Miscellaneous Provisions) Bill 2021
June 2, 2021 - Hong Kong’s Secretary for Financial Services and the Treasury, Mr Christopher Hui, welcomed the passage of the Inland Revenue (Amendment) (Miscellaneous Provisions) Bill 2021 by the Legislative Council today.

Chief Executive meets with new Commissioner of Ministry of Foreign Affairs in Hong Kong SAR
June 1, 2021 - Hong Kong’s Chief Executive, Mrs Carrie Lam, met with the new Commissioner of the Ministry of Foreign Affairs in the Hong Kong Special Administrative Region (HKSAR), Mr Liu Guangyuan, at Government House this afternoon (June 1).

Government to enact new regulation to implement Real-name Registration Program for SIM Cards
June 1, 2021 - The Hong Kong Special Administrative Region Government announced today that the Chief Executive in Council has approved the enactment of the Telecommunications (Registration of SIM Cards) Regulation (the Regulation) to implement the Real-name Registration Program for Subscriber Identity Module (SIM) Cards (Registration Program). The Regulation seeks to facilitate the prevention and detection of crimes related to the use of pre-paid SIM (PPS) cards, thereby safeguarding the integrity of telecommunications services and the security of communications network.

Provisional statistics of retail sales for April 2021
June 1, 2021 - The Census and Statistics Department of the Hong Kong Special Administrative Region Government released the latest figures on retail sales today.

 

 

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