September 29 - October 5, 2018

Trade

SCED unveils enhanced relief measures for SMEs

Secretary for Commerce and Economic Development Edward Yau has announced that the SME Financing Guarantee Scheme will be enhanced to help relieve the financial burden of companies affected by the ongoing US-China trade dispute. The scheme, which offers 80% loan guarantee, will be extended to mid-2019. The maximum loan amount will be increased by 25% to US$1.9 million; with the maximum loan guarantee period extended from five to seven years. The joining fee has also been reduced.

Politics

Seizing new opportunities: CE

A number of celebration activities have been held in Hong Kong on Oct 1 to mark the 69th anniversary of the founding of the People's Republic of China. Among them were a flag-raising ceremony at Golden Bauhinia Square and a National Day reception in the morning, and a variety show and a fireworks display in the evening. Speaking at the National Day Reception, Chief Executive Carrie Lam said the city had long been a “contributor” and “beneficiary" in China's reform and opening up in the past four decades. It will continue to reinforce and enhance its global competitiveness by proactively seizing opportunities arising from the development of the Belt and Road and the Greater Bay Area.

International award

CE congratulates winners of 2018 Lui Che Woo Prize

Chief Executive Carrie Lam has led the chorus of praises for the 2018 recipients of Lui Che Woo Prize, a home-grown international award. She congratulated the Pratham Education Foundation, for the Positive Energy Prize; the World Meteorological Organization, for the Welfare Betterment Prize; and Hans-Josef Fell, recipient of the Sustainability Prize. Their singular contributions to the elimination of illiteracy, the reduction of the impact of natural disasters, and the development of renewable energy respectively have helped point to a brighter as well as more inclusive and caring future for all.

Meteorology

Hong Kong Observatory taking global role

Hong Kong Observatory has signed an MOU with the World Meteorological Organization to strengthen regional and international meteorological cooperation. As the designated Regional Specialized Meteorological Centre for Nowcasting in Asia, the HKO will provide information and forecast in predicting severe weather.

Education

PhD Fellowship accepting applications

Candidates seeking to pursue full-time PhD degrees in Hong Kong are welcome to apply for the Hong Kong PhD Fellowship Scheme at eight of the city’s universities. The Fellowship offers an annual stipend of US$38,600 as well as a conference and an annual research-related travel allowance of US$1,600 for each awardee up to a period of three years. The application deadline is Dec 1.

Arts & Culture

Hong Kong Arts Centre is 40

The Hong Kong Arts Centre is celebrating its 40th anniversary with “Wan Chai Grammatica: Past, Present, Future Tense”, an exhibition featuring 20 artists from Hong Kong or who are intimately connected with the city. The exhibition also marked the reopening of the center after nearly three years of renovation. Situated in Wan Chai near the waterfront, the center grew from a humble exhibition and performance venue to a leading contemporary arts and culture institution.

HKETONY Event

Chicago-premiere of “Concerto of the Bully” draws crowd

The romantic comedy “Concerto of the Bully” (2017) has opened to an enthusiastic audience in its premiere screening in Chicago (Oct 2). Director Fung Chih Chiang and art director Chet Chan who attended the HKETONY-sponsored screening shared their creative process. Mr Fung said the tranquil seaside and the transcending power of music had inspired him to write and direct the movie. (Photo credit: Dan Hannula - Asian Pop-Up Cinema)

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: Has the Central People’s Government or any Mainland province interfered in the administering of the HKSAR Government?

A: No. Hong Kong has enjoyed a high degree of autonomy since its return to the Motherland on July 1, 1997. In accordance with the Basic Law, the CPG has scrupulously upheld the principle of ‘one country, two systems’ and the promise of ‘Hong Kong people administering Hong Kong’. No department of CPG and no province, autonomous region or municipality directly under the CPG has interfered in the affairs which the HKSAR Government administers on its own in accordance with the Basic Law. (BL Articles 2; 12; 22)

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Hong Kong Economic and Trade Office, New York

115 East 54 Street 10022 New York US