CS and Executive Vice Governor of Fujian co-chair Fourth Plenary Session of Hong Kong/Fujian Co-operation Conference (with photos/video)
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The Chief Secretary for Administration, Mr Chan Kwok-ki, and the Executive Vice Governor of Fujian Province, Ms Guo Ningning, co-chaired the Fourth Plenary Session of the Hong Kong/Fujian Co-operation Conference today (June 28). At the meeting, both Hong Kong and Fujian reviewed the achievements made since the Third Plenary Session of the Hong Kong/Fujian Co-operation Conference and set out the key co-operation areas.
Mr Chan said that Hong Kong and Fujian have deep ties, are connected by blood, and co-operate closely. The Hong Kong Special Administrative Region (HKSAR) Government established a liaison office in Fujian in 2012, serving as an important bridge to promote exchanges and co-operation between Fujian and Hong Kong. He said, “The Hong Kong/Fujian Co-operation Conference plays a key leading, facilitating and catalytic role in promoting exchanges and collaboration between the two places. The governments of the two places will continue to pursue holistic co-operation on the principle of ‘highlighting key points, leveraging on strengths, being pragmatic and innovative, and achieving mutual benefits through co-operation’, seizing opportunities for mutually beneficial development, and joining hands to integrate into the overall development of the country to benefit the people of the two places.”
At the meeting, the governments of the two places agreed to pursue holistic exchanges and co-operation in 10 key areas:
Trade and investment
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Promote Fujian and Hong Kong economic departments to sign economic and trade-related memoranduma of co-operation; support Fujian and Hong Kong enterprises to join hands in investment and trade in countries and regions along the Belt and Road; support Fujian enterprises to participate in various international professional fairs held in Hong Kong, and hold different kinds of economic and trade collaboration activities.
Finance
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Further implement the memorandum of co-operation between the Fujian Provincial Government and the Hong Kong Exchanges and Clearing Limited, co-operate with relevant departments to organise training, and actively support Fujian enterprises to go public in Hong Kong and issue bonds for financing.
Promote Fujian enterprises that need to issue overseas bonds to issue bonds in Hong Kong, and encourage more Fujian enterprises to use Hong Kong’s capital market and financial and professional services for green and sustainable investment, financing and certification.
Innovation and technology
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Make full use of the platform of the Digital China Summit to promote the active participation of the innovation and technology industries in Fujian Province and the Hong Kong Special Administrative Region in various economic and trade activities of the Summit; strengthen the co-operation in research and development of high-level scientific research institutions such as Fujian and Hong Kong State Key Laboratories, and jointly promote the development of industrial technology and innovation in leading areas.
Aviation, marine transport and logistics
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Deepen the exchanges between the Fujian and Hong Kong logistics sector in project development and personnel training; Hong Kong will provide Fujian with consultation on airport operation management and infrastructure construction, and carry out training co-operation and exchanges between the two parties.
Healthcare and Chinese medicine
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Promote exchanges in the medical and health sectors between Fujian and Hong Kong; deepen exchanges and co-operation between Fujian and Hong Kong in the areas of Chinese medicine medical services and personnel training, and encourage exchanges and interactions between Chinese medicine institutions and academic groups in the two places.
Promote the communication between Xiamen Biomedical Port and biomedical related departments of Hong Kong universities, and conduct professional communication on organising exchanges and visits, roadshows of achievements, and professional exchanges in technology transfers.
Cultural exchange
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Encourage cultural and art institutions and industry associations in Fujian and Hong Kong to jointly plan cultural performances, cultural exhibitions and other activities; promote exchanges between the two places in the cultivation of performing talent, mutual visits and exchange performances, creation and performance of high-quality repertoires, art popularisation and youth art, etc.
Strengthen ties with groups of Hong Kong people living in Fujian and associations of Fujian natives in Hong Kong, support and promote relevant organisations to organise more cultural, art and people-to-people exchange activities in the two places, promote cultural exchanges and communication between people in Fujian and Hong Kong, and help the development of a harmonious and inclusive society.
Tourism
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Support the Hong Kong Tourism Board and the Fujian Provincial Department of Culture and Tourism in deepening tourism co-operation in areas along the “Maritime Silk Road”, and support the continued co-operation between the Hong Kong Tourism Board and the Xiamen Municipal Bureau of Culture and Tourism to promote cross-border cruises route development between the two places.
Education
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Encourage and assist more schools in the two places to form sister schools, improve the quality and quantity of exchanges between sister schools, and organise mutual visits and diversified exchange activities according to their development goals.
Continue to implement the Scheme for Admission of Hong Kong Students to Mainland Higher Education Institutions and the Pilot Scheme on the Articulation of Hong Kong Sub-degree Graduates to Huaqiao University; Fujian encourages Fujian higher education institutions to provide financial aid to Hong Kong students from families with financial difficulties.
Youth development
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Led by the Fujian Provincial Youth Federation, liaison and co-operation with Hong Kong youth associations, Fujian natives associations, universities, secondary schools and primary schools will be strengthened, and Hong Kong youth will be invited to Fujian for exchanges and study, thereby increasing Hong Kong youth’s understanding of the country.
Recruit Hong Kong university students and Hong Kong students studying in Fujian universities to carry out training and internship at enterprises and institutions during winter and summer vacations, and organise intern students to carry out study tours in their spare time to increase their understanding of Fujian’s job market, social situation and space for personal growth.
Facilitation for Hong Kong people in the Mainland
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Fujian fully implements the policies and measures introduced by the relevant Central Government departments to facilitate the development of Hong Kong and Macao residents in the Mainland, enable Hong Kong people residing in Fujian to enjoy the same treatment as Mainland residents in terms of education, study, employment, social security and daily life, actively liaise with associations of Hong Kong people in Fujian, understand the needs of Hong Kong people, and facilitate Hong Kong people’s study, work, and living in Fujian.
Co-operation documents signing ceremony
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At the meeting, Mr Chan and Ms Guo signed the “Co-operation Memorandum of the Fourth Plenary Session of the Hong Kong/Fujian Co-operation Conference”. The document (Chinese only) is at Annex 1.
In addition, three co-operation agreements were signed by government departments and statutory bodies of the two places, namely:
• “Agreement on Expanding Cultural Co-operation between Fujian and Hong Kong;”
• “Agreement on Education Exchange and Co-operation”; and
• “About the Economic and Trade Co-operation Agreement between Fujian and Hong Kong to Join Hands and Actively Integrate into the ‘Dual Cycle’ New Development Framework”.
The “Agreement on Expanding Cultural Co-operation between Fujian and Hong Kong” and the “Agreement on Education Exchange and Co-operation” (Chinese only) signed by government departments of the two places are at Annexes 2 and 3 respectively.
Attending Officials
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Officials of the HKSAR Government accompanying the Chief Secretary for Administration to attend the meeting include the Secretary for Constitutional and Mainland Affairs, Mr Erick Tsang Kwok-wai; the Secretary for Culture, Sports and Tourism, Mr Kevin Yeung; the Secretary for Commerce and Economic Development, Mr Algernon Yau; and the Secretary for Education, Dr Choi Yuk-lin.
Feb 28, 2023 | International
Executive Council approves financial arrangement for Tung Chung Line Extension
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The Chief Executive in Council today (February 28) approved the financial arrangement for the Tung Chung Line Extension (TUE). Subsequently, the Transport and Logistics Bureau has signed with the MTR Corporation Limited (MTRCL) the project agreement for the TUE. It is expected that the construction of the project will commence in mid-2023 for completion in 2029.
A Government spokesman said, “The TUE project is implemented under the ownership approach. The MTRCL will be responsible for the financing, design, construction, operation and maintenance of the TUE. The Government, supported by an independent checking consultant, has checked and verified the project financial estimates provided by the MTRCL. The capital cost estimate for the TUE is $19.5 billion (in December 2020 prices) and the funding gap of the TUE is $15.5 billion (July 2022 Net Present Value (NPV)). The Government will provide funding support to the MTRCL in order to implement the project.”
The Executive Council approved granting the MTRCL the property development rights of Tung Chung Area 113 and deducting a total fixed lump sum of $18.3645 billion in money-of-the-day prices (equivalent to the above-mentioned funding gap of $15.5 billion (July 2022 NPV)) from the full market value land premium of the site assessed on a “with-railway” basis in the future as funding support to the MTRCL to implement the TUE project.
Tung Chung Area 113, with an area of about 7.6 hectares, is located in the newly reclaimed land under the Tung Chung New Town Extension (TCNTE) project and in immediate vicinity to the proposed Tung Chung East (TCE) Station under the TUE project. Tung Chung Area 113 is intended for an integrated development for commercial and residential uses cum Public Transport Interchange with the provision of open space and Government, Institution and Community facilities.
“The Government has been advocating the ‘infrastructure-led’ and ‘capacity-creating’ planning principles in taking forward transport infrastructure projects. We will provide funding support to the MTRCL to implement the TUE project. Under the relevant financial arrangement, the MTRCL is required to pay land premium, which is the full market value assessed on a “with-railway” basis less the fixed lump sum, for the development of the site. The MTRCL will also bear all the associated commercial risks arising from market fluctuations and rail operations,” the spokesman said.
The TCNTE is an important source of land supply to meet Hong Kong’s housing, economic and social needs with additional planned population of about 146,000 and 38,000 in Tung Chung East and Tung Chung West respectively. The TUE will offer direct railway access to the TCNTE supporting the sustainable growth in population and employment opportunities in that area. The project mainly comprises the following parts:
(1) the extension of the railway tunnels westward from the end of the existing Tung Chung Station for about 1.3 kilometres with the construction of a new Tung Chung West Station at the west of Yat Tung Estate, to serve Yat Tung Estate, Mun Tung Estate and other housing developments in the adjacent area; and
(2) the re-alignment of approximately 1.2-kilometre long railway track section between the existing Sunny Bay Station and Tung Chung Station with a view to shifting it towards TCE reclamation area and the construction of the new TCE Station to serve the new developments of the TCE reclamation area.
Jan 31, 2023 | Business
NEC Corporation (“NEC”; TSE: 6701) today announced executive personnel changes that will become effective as of April 1, 2023, and a decision made at the meeting of the Board of Directors held on January 30, 2023, to transition NEC’s structure to a Company with a Nominating Committee, etc. as well as executive personnel changes that are both subject to approval at the Ordinary General Meeting of Shareholders scheduled to be convened in June 2023 (“GSM”).
The Board of Directors will consist of 5 inside directors and 7 outside directors, with the majority of the directors being independent outside directors. In addition, 12 new Corporate Officers will be appointed, including 2 women and 2 foreign nationals, as part of strongly promoting the strategy execution of the Mid-term Management Plan 2025 from a variety of perspectives.
For the full press release, please visit www.nec.com/en/press/202301/images/3003-01-01.pdf.
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