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Govt to enhance securities trading

It is a pleasure to be here with you today, especially after an accident that has reminded me of the importance of staying vigilant even in relatively peaceful times. Continuously enhancing competitiveness despite good business is also a theme I wish to harp on in today's speech.   Some of you may recall that I last spoke to you in November 2018. That was into the second year of my tenure, witnessing the celebration of the 40th anniversary of our nation's reform and opening up, and the consecutive opening of two major pieces of cross-boundary transport infrastructure - the Hong Kong section of the Guangzhou-Shenzhen-Hong Kong Express Rail Link and the Hong Kong-Zhuhai-Macao Bridge. All seemed bright and well. And then we all have some frightening memories of what Hong Kong had gone through in the following two years. Few would disagree that it has been a very challenging period for Hong Kong, particularly with the riots in the latter half of 2019 during which some banks were

5G subsidy scheme funding doubled

The Government has increased the funding earmarked for a subsidy scheme to encourage early 5G deployment from $50 million to $100 million and extended the application deadline to July 31, 2022.   It said about 100 additional projects would be accommodated as a result.   Under the Anti-epidemic Fund, the Subsidy Scheme for Encouraging Early Deployment of 5G subsidises 50% of the costs relevant to the deployment of 5G technology in a project, subject to a cap of $500,000.   Since its launch in May 2020, the Government has approved 103 applications, covering innovative applications in various sectors, such as remote mechanical maintenance, remote telemedicine application, 3D building information modelling in construction sites and 4K/8K live video broadcasting.   Secretary for Commerce & Economic Development Edward Yau said with its edge of high speed, low latency, high capacity and massive connectivity, 5G provides enormous potential for developing business services and smart city applications from smart homes to autonomous driving.   He added that the good progress has laid a solid foundation for its extensive application, and the Government will continue its efforts in promoting 5G development.   Enquiries on the scheme can be made to 2961 6333 or via email.
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