June 24 - July 1, 2019

22ND ANNIVERSARY OF HKSAR

Government to be more open

Chief Executive Carrie Lam pledged that the government will adopt a more open and accommodating style of governance. Speaking at the 22nd anniversary of the establishment of the Hong Kong Special Administrative Region reception, Mrs Lam said that the Government’s future work will be closer and more responsive to the aspirations, sentiments and opinions of the communities. She added that the government will continue to listen to the community’s views and make continuous improvement. “Every one of us in Hong Kong, though holding different views and assuming different roles, loves this place and treasures our long-cherished values,” she said. “I and the SAR Government will double our efforts to restore people’s confidence and get Hong Kong off to a new start,” she said.

LAW & ORDER

Government responds to July 1 procession

Noting that the procession (Jul 1) was conducted in a peaceful and rational manner, the Hong Kong SAR Government reiterated that it always respects the public's freedoms and rights of assembly, procession and expression. It also understands that people have different views on Government policies. As a free and pluralistic society, Hong Kong embodies rationalism, inclusiveness, harmony and diversity. The people of Hong Kong are proud of such cores values. “The Government clearly understands that members of the public have concerns and doubts about the proposed amendments to the Fugitive Offenders Ordinance, and has put a stop to the legislative amendment exercise. The bill will lapse after the current term of the Legislative Council ends in July next year,” said a government spokesman.

BUSINESS AND FINANCE

Anti-money laundering system lauded

The Government welcomes the recognition by the Financial Action Task Force (FATF) of the city’s compliance and effectiveness in combating money laundering and terrorist financing. Financial Secretary Paul Chan said this is a proud testament to Hong Kong’s commitment to upholding the integrity of the financial system and its reputation as an international financial center that is safe and clean for doing business. Hong Kong is the first jurisdiction in the Asia-Pacific region to have achieved an overall compliant result in the Mutual Evaluation Report examined at the FATF Plenary (Jun 20). To date, only five out of 23 assessed jurisdictions have been rated overall compliant by the FATF. The Report finds that Hong Kong is particularly effective in the areas of risk identification, law enforcement, asset recovery, counter-terrorist financing and international co-operation.

Hong Kong Academy of Finance set up

The newly established Hong Kong Academy of Finance will nurture financial leadership and encourage monetary and financial research, said Financial Secretary Paul Chan at the academy’s inauguration ceremony (Jun 26), adding that these were critical requirements for Hong Kong to maintain its standing as a competitive global financial center. A smart complement to the city’s other financial initiatives such as financial technology and green finance, the Academy will consolidate the city’s strengths and create new competitive advantages for the economy, and the future of Hong Kong.

HKETONY EVENTS

World premiere of Hong Kong film in New York

The “Hong Kong Panorama” film series at the 18th New York Asian Film Festival kicked off with the international premiere of crime thriller “The Attorney” on June 29. This is one of 10 feature films, showcasing the diverse and multi-faceted film talents of Hong Kong at NYAFF. This year’s festival will honor Hong Kong’s legendary action choreographer and director Yuen Woo Ping with the Star Asia Lifetime Achievement Award (Jul 1). Film director Lee Cheuk Pan and cast, Hanna Chan and Kyle Li, will attend the North American premiere of “G Affairs” (Jul 9). Actress Crisel Consunji, winner of Best New Performer at the 38th Hong Kong Film Awards, will attend the New York premiere of “Still Human” on July 14.

INNOVATION & TECHNOLOGY

Robotic system wins gold medal in Silicon Valley

The Highways Department's intelligent robotic system won a Gold Medal at the Silicon Valley International Invention Festival 2019 (Jun 26) in the US. The system, co-invented and built by the department and the Hong Kong Productivity Council, is the first of its kind in the world. It is fitted with cameras, sensors and robotic arms to understand its surroundings with full cognitive abilities for placing and collecting traffic cones and lanterns on public roads. The system had earlier won awards at the 47th International Exhibition of Inventions of Geneva.

ECONOMY

Key indicators

• May’s volume of total exports fell 2.4% year-on-year while imports of goods dropped 4.3% in the same period due to weaker global economy and US-Mainland trade tensions.

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 there been any interference in the independence of the Judiciary?

A: No. Hong Kong's robust and respected court system exercises judicial power independently, free from any interference. The power of final adjudication is vested in the Court of Final Appeal of the HKSAR, which may as required invite judges from other common law jurisdictions to sit on the Court of Final Appeal. The principle of trial by jury previously practised in Hong Kong is maintained. (BL Articles 2; 19; 81; 82; 85; 86)

For daily updates

This e-mail has been sent to , click here to unsubscribe.

Hong Kong Economic and Trade Office, New York

115 East 54 Street 10022 New York US