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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

Helpers' quarantine quota safe

The existing quota for receiving foreign domestic helpers (FDHs) at the Penny’s Bay Quarantine Centre is an optimal arrangement, Secretary for Labour & Welfare Dr Law Chi-kwong said today.   The Government announced earlier that 800 units at the Lantau quarantine centre will be made available for eligible helpers to undergo quarantine from September 20 and that it would receive at most 50 helpers every day.   However, the booking system will not accept reservations from tomorrow in an effort for the Government to review the booking workflow and logistics arrangements.   At a media session after a radio programme this morning, Dr Law explained why it would not be feasible for the centre to offer more quarantine quotas.   Dr Law said: “If we are to increase that number significantly, such as to 100 or so, we are running the risk of high infection among people coming in and subsequently we may have to suspend the flights.   “If we increase the number of people coming in and then unfortunately we have high infection rates on arrival, then all these flights will be suspended. That basically means there will be none coming in.   “We definitely have to look at the development of the epidemic, the situation of FDHs flying in, the infection control measures and the infection rates.”   Bookings will take at least a week to resume, he pointed out, admitting that it was almost inevitable to have hiccups as the Government is running the quarantine facility in a new way.   “The Government has never run a hotel before and that is a real challenge to our department colleagues. I do actually appreciate the efforts they have made in such a short notice, making such a facility to run almost like a hotel. We will see how we can improve the process.”   Meanwhile, when asked about matters related to the Confederation of Trade Unions, one of the city’s largest employee retraining programme providers, Dr Law said the Employees Retraining Board has been looking into the possibility that the union may close.   “The Employees Retraining Board has already been looking into this matter, seeing what are the possibilities and ways to try to reduce the impact on trainees as far as possible, such as whether they can speed up the training programmes so that they can end quickly before the possible winding up, and if it is not possible, whether other training bodies can come on board to help complete or take over the training.”
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