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Kowloon Park arts fair to open

The Leisure & Cultural Services Department will launch a new phase of its Arts Fun Fair at Kowloon Park this Sunday.   It will have 16 stalls displaying and selling craftworks that feature fabric crafts, floral artworks and ornaments. Park-goers can also participate in art services such as painting and portrait sketching.   The fair will be open from 1pm to 7pm on Sundays and public holidays at the park's loggia until May 26 next year.   Visitors can enjoy the park’s beautiful scenery while appreciating a wide range of handicrafts and artworks.   The Arts Corner at Hong Kong Park is being held from noon to 6pm on Saturdays, Sundays and public holidays until December 31.   The Arts Corner at Victoria Park welcomes applications from today until June 23 for operating stalls in the coming round of the fair.   For enquiries about the fair in Kowloon Park, call 2724 3344. For questions about Hong Kong Park and Victoria Park, call 2521 5041 or 2890 5824 respectively. http:
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Financial leaders meet

The Financial Leaders Forum, chaired by Financial Secretary Paul Chan, held its 16th meeting today.   Members were briefed by the Financial Services & the Treasury Bureau and financial regulators on the legislative proposals of introducing a fund re-domiciliation mechanism in Hong Kong.   They agreed that the proposals would help attract investment funds to set foot in Hong Kong, entrenching the city’s position as an international asset and wealth management centre.   During the meeting, the Securities & Futures Commission and the Hong Kong Exchanges & Clearing (HKEX) briefed members on the latest position of their study on a possible listing regime for special purpose acquisition companies in Hong Kong.   Members noted that the HKEX will consult the market on concrete proposals in the third quarter.   The bureau and financial regulators also briefed members on their work in examining how to further enhance Hong Kong's competitiveness as an international financial centre.   Additionally, members noted the latest progress and key legislative proposals to take forward the eMPF Platform project.   As a public utility and sophisticated infrastructure in the financial sector, the platform will allow room for fee reduction for the benefit of the Mandatory Provident Fund Scheme's members through enhanced operational efficiency and economies of scale.
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