March 25 - 31, 2017

Politics

Chief Executive-elect vows to create better society

Chief Executive-elect Mrs. Carrie Lam has vowed to start a new chapter for Hong Kong by forming an administration that will work with the public to create a better society. Her priority will be to address the divisiveness and accumulated frustrations the community has recently been suffering from. She also pledged to do her utmost to uphold “one country, two systems” and safeguard Hong Kong’s core values. Mrs. Lam will begin her five-year term on July 1.

Business & Economy

Hong Kong staunchly supports free trade: Chief Executive

Hong Kong will continue to embrace free trade by reaching out to the world, Chief Executive C Y Leung said at the Boao Forum for Asia Annual Conference on March 24. The theme of the forum was “Globalization and Free Trade: The Asian Perspective”, highlighting greater economic integration in the continent. This year’s forum attracted more than 80 ministers, leaders of international organizations and business executives.

Hong Kong to enhance financial competitiveness

While noting that the local economy grew stronger in 2016, Financial Secretary Paul Chan is hopeful that the fiscal package delivered in his February Budget Speech will stimulate the economy and the city will see 2 to 3 percent growth in 2017. Speaking at the Credit Suisse Asian Investment Conference on March 27, Mr. Chan said Hong Kong is looking forward to the future in a number of areas, including enhancing its listing competitiveness, expanding its bond market listings and services for Islamic finance, and strengthening Hong Kong’s position as a premier asset management center.

Innovation & Technology

France – HKUST Inno-Hub opens

The France-Hong Kong University of Science and Technology (HKUST) Innovation Hub, opened on March 24, will serve as an incubator of ideas and innovation for students to collaborate with innovative French companies. The French government has chosen HKUST to provide a one-stop platform to enhance partnerships between French and Hong Kong innovation partners in education, science and technology. 

Tourism

“Smart Deals” for tourists

Under the “Celebrate the 20th Anniversary of the Establishment of the HKSAR with Smart Deals” promotion, visitors can enjoy special discounts, including 20% discounts on specific purchases, for attractions, transportation, sightseeing tours, dining and shopping, as well as other promotions that are compiled in a coupon booklet. These booklets are available at various locations, including HKTB Visitor Centres in the Hong Kong International Airport and throughout the territory.

Upcoming Events

Why Hong Kong’s innovation is important

Marian Gaultney, Head of International Collaboration and Business Development of Hong Kong Science and Technology Park (HKSTP), will be in New York on April 6 to give an update on Hong Kong’s innovation ecosystem which has grown by leaps and bounds in recent years due to robust local infrastructure and strong IP laws. The HKSTP administers a number of funding programs that nurtures innovation and technology development in the city. It will be a breakfast session. For registration, click here.

20A Celebrations in New York and Chicago

New force of music, from Hong Kong

The inspiring works by coming-of-age composers will be performed at the concert, first of its kind in The DiMenna Center for Classical Music, on Apr 8. They include world premieres of “Six Sketches” by Galison Lau, “The Lonely Octans” by Ka-wai So, and “The Poetess” by Austin Yip. Composer Galison Lau will attend the concert.   For tickets, please register here.

Teddy Robin Kwan in Chicago

Legendary filmmaker Teddy Robin Kwan will receive the Lifetime Achievement Award from Asian Pop-Up Cinema at the Chicago History Museum on May 11. One of the most celebrated entertainment figures in Hong Kong, Teddy Robin (commonly called) had great influence in the music and movie scenes dating back to the 1970s as a versatile singer/songwriter/director/actor and producer.  His band Teddy Robin and the Playboys was the pioneering band to bring western songs to the Hong Kong younger generation in the 1960s. He acted in 24 motion pictures and won “Best Supporting Actor” for the role of Ben Law in “Gallants” (2010). He wrote numerous movie scores which bring out a strong and unique Hong Kong voice in the 1980s. For details of the award night, click here.

“Inspirational Liaisons – Encore” at Carnegie Hall

Hong Kong-based musicians will be performing at a concert “Inspirational Liaisons – Encore” at  Carnegie Hall on June 11, bringing a repertoire of works including “Vaughan Williams Songs of Travel”, “Ravel Sonata in G for violin and piano” and “Gershwin Three Preludes” for the New York audience. More details here.

Basic Law

Hong Kong and its Basic Law

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

 

Q: Are Hong Kong people running Hong Kong with a high degree of autonomy?A: Hong Kong people are running Hong Kong in all areas in accordance with the Basic Law, except for defense and foreign affairs and other matters for which the Central Authorities are responsible under the Basic Law. We do not need to seek instructions from the Central People’s Government (CPG) in running our affairs within our autonomy. We are not even required to pay taxes to the CPG. (BL Articles 2; 12-17; 19; 22; 106)

Hong Kong Basic Law

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