September 8 - 13, 2018

Fintech

New Faster Payment System

Hong Kong will launch a raft of initiatives to propel the city to be one of the world’s Fintech hubs, said Chief Executive Carrie Lam at the launch reception of the Hong Kong FinTech Week (Sep 12). In the pipeline are the Faster Payment System to connect banks and stored value facility operators and a common QR code standard for mobile payment. Licenses for virtual banks will be issued by the first quarter of 2019. To nurture the city’s own talent pool, the Chinese University of Hong Kong has just introduced an undergraduate program in Fintech while the University of Hong Kong has launched Asia’s first Fintech open online course.

Hong Kong FinTech Week to spotlight Bay Area potential

The 3rd Hong Kong FinTech Week (Oct 29 to Nov 1) will be the world’s first cross-border financial technology event, focusing on the potential of Guangdong-Hong Kong-Macao Greater Bay Area. Taking place in Hong Kong and in Shenzhen, the event is expected to attract 8,000 attendees, including 200 founders from the world’s top Fintech companies. One of the highlights will be the Fast Track Programme, where overseas companies are offered on-site consultations with Hong Kong regulators. The Deal Floor will include the opportunities to meet some of the leading Fintech unicorns, along with the region’s most active investors.

Civil Service

Ministerial visit on civil service training

Secretary for the Civil Service Joshua Law, in his first duty visit to the US (Sep 11-12), made stops in Boston and New York to learn more about public administration programs and exchange views with government officials on the management and training of the civil service. The higher institutes that he visited included the John F Kennedy School of Government at Harvard University, Massachusetts Institute of Technology and the School of International Public Affairs at Columbia University. He also met with officials of the New York City Department of Citywide Administrative Services on civil service training and recruitment of minorities.

Infrastructure & Logistics

First Chief Inspector of Accidents appointed

Darren Straker has been appointed as Chief Inspector of Accidents, the first of its kind in Hong Kong, of the new Air Accident Investigation Authority (Sep 10). His appointment marks the formal establishment of an authority to comply with the latest recommendation of the International Civil Aviation Organization. Mr Straker is a seasoned aviation professional and was the chief air accident investigator for the United Arab Emirates (2012-2017). (Photo credit: Hong Kong StandardI)

Meteorology

New regional meteorological warning system

A new regional meteorological warning system, jointly developed by the Hong Kong Observatory and the China Meteorological Administration, was launched at the Second China-ASEAN Meteorological Forum in Nanning, China (Sep 12). The World Meteorological Organization (WMO) Global Multi-hazard Alert System for Asia aggregates official weather warnings to support WMO members in natural disaster prevention and response, and to alert the public to take precautionary measures.

Education

Students excel at international science contest

Hong Kong students have scored high in the 3rd International Olympiad of Metropolises, winning a total of nine gold and silver medals. Covering physics, mathematics, chemistry and informatics, the contest held in Moscow (Sep 2-7) saw 260 students from 33 cities or 26 countries taking part. Their success underscores the government’s effort to promote STEM (science, technology, engineering and mathematics) education to unlock the potential of teenaged students in Hong Kong.

Arts & Culture

"Jazz Up 2018" to present acclaimed jazz trio

Two renowned musicians will perform in the new season of “Jazz Up” in Hong Kong. New York-based Nuevo Tango composer and award-winning pianist Pablo Ziegler will collaborate with versatile guitarist Quique Sinesi and remarkable bandoneon player Walter Castro for their Hong Kong debut (Oct 16).  American jazz double bassist, 81-year-old Ron Carter, will perform with pianist Donald Vega and guitarist Russell Malone in a concert, which will feature Ted Lo as special guest (Dec 1). US-trained jazz guitarist Alan Kwan will talk about jazz in Hong Kong, featuring the styles and performing techniques of such legends as Miles Davis, John Coltrane, and Nat King Cole in a series of lectures (Nov 13 - Dec 20).​​​​​​​

NYETO event

Dragons glide across Lake Lanier

More than 80 local and international teams competed neck-and-neck at the 23rd Hong Kong Dragon Boat Festival in Atlanta (Sep 8), cheered on by their families and supporters in Lake Lanier. Aside from the exhilarating races, visitors enjoyed the multi-cultural performances and activities. Director of HKETONY Joanne Chu congratulated the organizer for hosting another successful event. HKETONY has been the festival benefactor since the races started in 1996.

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: Is Chinese the only official language allowed under the Basic Law?

A: No, in addition to Chinese, English is also an official language used by the executive authorities, the legislature and the judiciary of the HKSAR. (BL Article 9)

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Hong Kong Economic and Trade Office, New York

115 East 54 Street 10022 New York US