January 7-13, 2017

Finance

IMF: Hong Kong’s fiscal policy remains prudent (Jan 13)

The International Monetary Fund (IMF) has reaffirmed Hong Kong’s robust economic and financial positions in its latest report. Acting Financial Secretary K C Chan welcomed the IMF’s positive assessment, adding that the Government will continue strengthening the city’s position as a top international financial center through capitalizing on close economic ties with Mainland China. Hong Kong Monetary Authority’s CEO Norman Chan also welcomed the IMF’s support for the city’s dollar link.

Hong Kong Skyline

Legal

Legal bigwigs confident in rule of law (Jan 9)

The Chief Justice of the Court of Final Appeal Gregory Ma has reiterated that the Judiciary upholds the principles of fairness and impartiality and judges adjudicate cases according to law.  In his address at the legal year opening ceremony, he also assured that the high standards of the Judiciary would not be compromised. In the same occasion, Secretary for Justice Rimsky Yuen expressed confidence that the rule of law in Hong Kong is well and alive despite a growing trend of politicization. 

Chief Justice Gregory Ma

Aviation

Cathay Pacific tops global rankings for safety (Jan 3)

Hong Kong home carrier Cathay Pacific ranked first in the Jet Airliner Crash Data Evaluation Centre (JACDEC) 2017 Airline Safety Ranking for the third year in a row. The index provides a comprehensive safety analysis of the top 60 carriers in the past year. Air New Zealand and China’s Hainan Airlines took 2nd and 3rd place respectively.

Cathay Pacific planes at the Hong Kong International Airport

Arts & Culture

Hong Kong Palace Museum in the pipeline

Hong Kong is to have its Palace Museum on a 10,000-square meter site in the West Kowloon Cultural District to house permanently some precious relics and artifacts from the historic Beijing Palace Museum. A public consultation is underway till Feb 22 on its facilities, operation, programs, thematic exhibitions and activities.  Meanwhile, “The Grand Weddings of the Qing Emperors”, a roving Palace Museum exhibition, is showing at the Hong Kong Heritage Museum.

Hong Kong Palace Museum

11th Asian Film Awards nominations announced (Jan 11)

The Asian Film Awards Academy announced 73 nominations for 15 awards to be presented. Sponsored by Create Hong Kong and the Hong Kong Film Development Fund, the awards ceremony will return to Hong Kong on March 21 this year to mark the 20th Anniversary of the HKSARG’s establishment. The complete list of nominations can be found on the academy’s website.

Hong Kong artist Ho Sintung’s first US exhibition (Feb 2-April 4)

Contemporary artist Ho Sintung will be holding her first US exhibition at Chambers Fine Art New York. The exhibition draws from Ho’s interest in films and literature, and focuses on the theme of horror. Entitled “Surfaced”, the exhibition showcases vintage LP covers and newspaper ads that the artist envisioned for imaginary horror movies.

Ho Sintung's Outlive the Light ( 2016), Color pencil on paper, 43 ¾ x 48 x 7 ¾ (111 x 122 x 20 cm)

Basic Law

Hong Kong and its Basic Law

The Basic Law (BL) is the constitutional document of the Hong Kong Special Administrative Region. Put into effect on July 1, 1997, it enshrines within a legal document the important concept of “One Country, Two Systems". 

Q: Have the laws previously in force in Hong Kong been maintained?
A: The Basic Law provides that laws previously in force in Hong Kong, that is, the common law, rules of equity, ordinances, subordinate legislation and customary law, shall be maintained and adopted as laws of the HKSAR, except for any that contravene the Basic Law and subject to any amendment by the HKSAR legislature. (BL Article 8; 18(1); 160)

Hong Kong Basic Law

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