June 23 - 29, 2018

Belt and Road Initiative

Hong Kong as a key BRI player

Hong Kong is committed to being an active facilitator and promoter of the Belt and Road Initiative, said Chief Executive Carrie Lam at the 3rd Belt and Road Summit (Jun 27) in HK. While the “One Country, Two Systems” principle has given the city an advantage, Mrs. Lam said the city’s connectivity to the region and the world and its status as an international financial, trade and logistics center are all integral to it being a key player in the BRI. 


All-out efforts to fight human trafficking

The Government has spared no pains and will continue its all-out efforts to combat Trafficking in Persons and protect foreign domestic helpers against exploitation. A spokesman said the victim screening mechanism has been expanded, which resulted in the number of vulnerable persons screened almost doubled. A high-level steering committee led by the Chief Secretary of Administration, who is the most senior principal official in Hong Kong,  has been set up earlier this year to ensure the highest level of policy and resources coordination. The Government has also implemented multi-faceted measures under a comprehensive Action Plan and many of the new initiatives will take effect within 2018. The spokesman is responding to and took strong exception to a 2018 TIP report issued by the US State Departmente. 

Business & Finance

Blockchain remittance service debuts

E-commerce giant Alibaba launched its pilot blockchain cross-border remittance service in Hong Kong this week, which enables Alipay users in Hong Kong to send money to the Philippines. Financial Secretary Paul Chan said it was fitting that the service should start its run in HK, an international financial center with a robust and effective regulatory system that is in line with global standards. The city’s financial regulators have continued to foster innovations in the industry, allowing financial services providers to conduct Fintech pilot trials solutions in a confined environment.

Innovation & Technology

First AmCham Smart City Summit in HK

In the first Smart City Summit held by the American Chamber of Commerce in Hong Kong (Jun 27),  Chief Executive Carrie Lam said the city would move ahead with fostering six major areas of the Smart City Blueprint, ie on mobility, living, environment, people, government and economy. AmCham President Tara Joseph said that they were pleased to note from Mrs Lam that HK would achieve a series of win-wins in public-private partnership and would accelerate regulation and remove hurdles to boost innovation. Former mayor of Pittsburgh Tom Murphy has attended as the opening keynote speaker. (Pictured: At the Summit, Chief Executive Carrie Lam (right) meets Sophia, a robot developed by a startup in the Hong Kong Science Park.)

Students win trip to NYC on Smart City

Hong Kong's Sacred Heart Canossian College students have won a trip to New York City this summer to learn about smart city development in the first "My Smart Hong Kong 2030" competition held by AmCham. The competition, as part of the Smart City Summit (Jun 27), attracted entries from nine local high schools. AmCham President Tara Joseph hopes the competition will foster more exchanges between the US and HK. She added that American tech and innovation leaders admired creative and energetic young talent in HK and hoped to see the city’s younger generation as essential stakeholders in developing a sustainable and tech savvy city.

Meeting of the scientific minds

Chief Executive Carrie Lam has called on laureates of the Nobel Prize and the Shaw Prize to strengthen collaboration with scientists in Hong Kong. Meeting a group of 40 Nobel Laureates and 600 young scientists at the Lindau Nobel Laureate Meeting (Jun 24-25) in Germany, Mrs. Lam also encouraged young scientists from around the world to participate in R&D activities in the city as well as the Guangdong-Hong Kong-Macao Bay Area.


Dante Lam to receive Excellence Award

Hong Kong action director Dante Lam, who was recently named the 8th most influential director among 100 in mainland China, has arrived in New York to meet with fans at the opening weekend (Jun 30-Jul 1) of the New York Asian Film Festival. He will receive the prestigious Daniel A. Craft Award for Excellence in Action Cinema for reinventing the film genre in war and crime. A trio of his films will be shown, namely the epic action drama “Operation Red Sea” (Jun 30), a special 10th anniversary screening of “Beast Stalker” and the hit mix-martial arts film “Unbeatable”. (Pictured: HKETONY Director Joanne Chu (left) welcomes Dante Lam and his long-term producer Candy Leung)

Paddling to the dragon boat drumbeat

The annual dragon boat festival in Chicago (Jun 23) drew to a successful close, with 32 teams including the HKETONY’s “River Dragons” competing for the championship. Over 4,000 fans cheered on their teams, enjoyed cultural performances and took home souvenirs from game booths at Ping Tom Memorial Park. The next HKETONY-sponsored dragon boat festival will be held in New York on August 11 and 12.

One of the best single-day 7s tournaments

More than 30 local teams played their hearts out at the Hell Gate 7s Tournament  held by Village Lions Rugby Club on Randall’s Island in New York (Jun 23), competing for six Division Hong Kong trophies sponsored by HKETONY. Director Joanne Chu attended the tournament and congratulated the Greenwich High School boys for winning the High School Boys Final (pictured). At the Hong Kong festival booth, athletes and spectators alike posed for photos with a Hong Kong 7s photo panel and took home souvenirs.

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: Does the HKSAR enjoy executive, legislative and independent judicial powers?

A: Yes. The NPC authorizes the HKSAR to exercise a high degree of autonomy and enjoy executive, legislative and independent judicial powers, including that of final adjudication. The Chief Executive heads the HKSAR, and the Executive Council, consisting of members appointed by the Chief Executive, assists the Chief Executive in policy making. The legislature, which is constituted by election, enacts legislation, while the judiciary exercises judicial power independently, free from interference. (BL Articles 2; 16; 17; 19; 43; 54; 55; 66; 68; 73; 85)


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