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Rural voter registration opens

The voter registration campaign for the 2021 Rural Representative Election opened today.   Those eligible should sign up by July 16, the Home Affairs Department said.   There are three types of rural representatives - Indigenous Inhabitant Representatives, Resident Representatives and Kaifong Representatives.   Indigenous Inhabitant Representatives are returned by indigenous inhabitants, their spouses or surviving spouses of an indigenous or composite indigenous village.   They reflect indigenous inhabitants’ views on village affairs, and deal with affairs relating to indigenous inhabitants’ lawful traditional rights and interests and the traditional way of life.   Resident Representatives are returned by both indigenous and non-indigenous inhabitants living in an existing village. They reflect views on village affairs on behalf of the residents.   Kaifong Representatives, returned by Cheung Chau or Peng Chau residents, reflect residents’ views on the two market towns’ affa

Composite interest rate drops

The composite interest rate fell to 0.22% at the end of March from February’s 0.23%, the Monetary Authority announced today.   It said the drop reflected a decrease in the weighted funding cost for deposits during the month.   The composite interest rate is a measure of the average cost of funds of banks.
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