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LEGISLATIVE COUNCIL ─ 14 April 2016 7379 OFFICIAL RECORD OF PROCEEDINGS Thursday, 14 April 2016 The Council continued to meet at Nine o'clock MEMBERS PRESENT: THE PRESIDENT THE HONOURABLE JASPER TSANG YOK-SING, G.B.M., G.B.S., J.P. THE HONOURABLE ALBERT HO CHUN-YAN THE HONOURABLE LEE CHEUK-YAN THE HONOURABLE JAMES TO KUN-SUN THE HONOURABLE CHAN KAM-LAM, S.B.S., J.P. THE HONOURABLE LEUNG YIU-CHUNG THE HONOURABLE EMILY LAU WAI-HING, J.P. THE HONOURABLE TAM YIU-CHUNG, G.B.S., J.P. THE HONOURABLE ABRAHAM SHEK LAI-HIM, G.B.S., J.P. THE HONOURABLE TOMMY CHEUNG YU-YAN, G.B.S., J.P. THE HONOURABLE FREDERICK FUNG KIN-KEE, S.B.S., J.P. THE HONOURABLE VINCENT FANG KANG, S.B.S., J.P. THE HONOURABLE WONG KWOK-HING, B.B.S., M.H. 7380 LEGISLATIVE COUNCIL ─ 14 April 2016 PROF THE HONOURABLE JOSEPH LEE KOK-LONG, S.B.S., J.P., Ph.D., R.N. THE HONOURABLE JEFFREY LAM KIN-FUNG, G.B.S., J.P. THE HONOURABLE ANDREW LEUNG KWAN-YUEN, G.B.S., J.P. THE HONOURABLE WONG TING-KWONG, S.B.S., J.P. THE HONOURABLE CYD HO SAU-LAN, J.P. DR THE HONOURABLE LAM TAI-FAI, S.B.S., J.P. THE HONOURABLE CHAN HAK-KAN, J.P. THE HONOURABLE CHAN KIN-POR, B.B.S., J.P. DR THE HONOURABLE PRISCILLA LEUNG MEI-FUN, S.B.S., J.P. THE HONOURABLE CHEUNG KWOK-CHE THE HONOURABLE WONG KWOK-KIN, S.B.S. THE HONOURABLE IP KWOK-HIM, G.B.S., J.P. THE HONOURABLE MRS REGINA IP LAU SUK-YEE, G.B.S., J.P. THE HONOURABLE PAUL TSE WAI-CHUN, J.P. THE HONOURABLE ALAN LEONG KAH-KIT, S.C. THE HONOURABLE LEUNG KWOK-HUNG THE HONOURABLE ALBERT CHAN WAI-YIP THE HONOURABLE WONG YUK-MAN THE HONOURABLE CLAUDIA MO LEGISLATIVE COUNCIL ─ 14 April 2016 7381 THE HONOURABLE MICHAEL TIEN PUK-SUN, B.B.S., J.P. THE HONOURABLE JAMES TIEN PEI-CHUN, G.B.S., J.P. THE HONOURABLE NG LEUNG-SING, S.B.S., J.P. THE HONOURABLE STEVEN HO CHUN-YIN, B.B.S. THE HONOURABLE FRANKIE YICK CHI-MING, J.P. THE HONOURABLE WU CHI-WAI, M.H. THE HONOURABLE YIU SI-WING, B.B.S. THE HONOURABLE GARY FAN KWOK-WAI THE HONOURABLE MA FUNG-KWOK, S.B.S., J.P. THE HONOURABLE CHARLES PETER MOK, J.P. THE HONOURABLE CHAN CHI-CHUEN THE HONOURABLE CHAN HAN-PAN, J.P. DR THE HONOURABLE KENNETH CHAN KA-LOK THE HONOURABLE CHAN YUEN-HAN, S.B.S., J.P. THE HONOURABLE LEUNG CHE-CHEUNG, B.B.S., M.H., J.P. THE HONOURABLE KENNETH LEUNG THE HONOURABLE ALICE MAK MEI-KUEN, B.B.S., J.P. THE HONOURABLE KWOK WAI-KEUNG THE HONOURABLE DENNIS KWOK THE HONOURABLE CHRISTOPHER CHEUNG WAH-FUNG, S.B.S., J.P. 7382 LEGISLATIVE COUNCIL ─ 14 April 2016 DR THE HONOURABLE FERNANDO CHEUNG CHIU-HUNG DR THE HONOURABLE HELENA WONG PIK-WAN THE HONOURABLE IP KIN-YUEN DR THE HONOURABLE ELIZABETH QUAT, J.P. THE HONOURABLE MARTIN LIAO CHEUNG-KONG, S.B.S., J.P. THE HONOURABLE POON SIU-PING, B.B.S., M.H. DR THE HONOURABLE CHIANG LAI-WAN, J.P. IR DR THE HONOURABLE LO WAI-KWOK, S.B.S., M.H., J.P. THE HONOURABLE CHUNG KWOK-PAN THE HONOURABLE CHRISTOPHER CHUNG SHU-KUN, B.B.S., M.H., J.P. THE HONOURABLE TONY TSE WAI-CHUEN, B.B.S. THE HONOURABLE ALVIN YEUNG NGOK-KIU MEMBERS ABSENT: DR THE HONOURABLE LAU WONG-FAT, G.B.M., G.B.S., J.P. THE HONOURABLE STARRY LEE WAI-KING, J.P. DR THE HONOURABLE LEUNG KA-LAU DR THE HONOURABLE KWOK KA-KI THE HONOURABLE SIN CHUNG-KAI, S.B.S., J.P. THE HONOURABLE TANG KA-PIU, J.P. LEGISLATIVE COUNCIL ─ 14 April 2016 7383 PUBLIC OFFICERS ATTENDING: THE HONOURABLE JOHN TSANG CHUN-WAH, G.B.M., J.P. THE FINANCIAL SECRETARY THE HONOURABLE GREGORY SO KAM-LEUNG, G.B.S., J.P. SECRETARY FOR COMMERCE AND ECONOMIC DEVELOPMENT DR THE HONOURABLE KO WING-MAN, B.B.S., J.P. SECRETARY FOR FOOD AND HEALTH THE HONOURABLE NICHOLAS W. YANG, J.P. SECRETARY FOR INNOVATION AND TECHNOLOGY MR SHIU SIN-POR, S.B.S., J.P. HEAD, CENTRAL POLICY UNIT PROF SOPHIA CHAN SIU-CHEE, J.P. UNDER SECRETARY FOR FOOD AND HEALTH MR GODFREY LEUNG KING-KWOK, J.P. UNDER SECRETARY FOR COMMERCE AND ECONOMIC DEVELOPMENT CLERKS IN ATTENDANCE: MS ANITA SIT, ASSISTANT SECRETARY GENERAL MISS FLORA TAI YIN-PING, ASSISTANT SECRETARY GENERAL MR MATTHEW LOO, ASSISTANT SECRETARY GENERAL 7384 LEGISLATIVE COUNCIL ─ 14 April 2016 GOVERNMENT BILLS Second Reading of Government Bill Resumption of Second Reading Debate on Government Bill PRESIDENT (in Cantonese): Good morning, Members. (Mr WONG Kwok-hing continued to speak) PRESIDENT (in Cantonese): Mr WONG Kwok-hing, the meeting has started. The Council now resumes and continues with the Second Reading debate on the Appropriation Bill 2016. APPROPRIATION BILL 2016 Resumption of debate on Second Reading which was moved on 24 February 2016 MR CHAN KIN-POR (in Cantonese): President, I think the Budget this year can take care of the needs in various aspects. It has taken into account helping small and medium enterprises (SMEs), supporting the tourism industry, developing healthcare services and taking care of the middle class and the disadvantaged. Although the measures proposed may not be sufficient, it has nonetheless responded to many of society's aspirations. Meanwhile, the Financial Secretary has also proposed many measures to promote the development of innovative technologies. I consider this the path which Hong Kong must take. As Hong Kong has to shoulder massive social expenditure, it is necessary for us to open up new income sources. If we only know how to spend and do not know how to make money, Hong Kong will "dry up" one day. The Hong Kong economy is facing a substantial downward risk this year. At present, the performance of external trade, retail sales and the tourism industry is very weak. Coupled with the drop in the property market, it is estimated that it will be increasingly difficult to do business in the latter half of the year, and there is a worry that the unemployment rate will also rise. Therefore, I have called on the Financial Secretary to have precautionary measures in place. LEGISLATIVE COUNCIL ─ 14 April 2016 7385 The Budget has proposed a series of measures, targeting the SMEs and the tourism industry in particular. However, economic data released at present all reflect that the economy has reached a very precarious state. In February, retail sales value, inbound visitor numbers and import and export value have seen alarming decreases. In face of such miserable environment, the precautionary measures in the Budget may have become insufficient. I wish that the Financial Secretary can pay close attention to the development and has on hand ready emergency easing measures, including the enhancement of support for the SMEs. Currently, the SMEs have already bore the brunt. Many are finding it hard to operate or are even folding. I believe the unemployment rate will rise very soon and many social problems will also surface. Thus, it is imperative for the Government to get prepared. It should not make belated and desperate attempts. I wish that colleagues of this Council (regardless of their parties) should also have a clear understanding of the present situation. Once Hong Kong is economically hit, we have to help the SMEs and the unemployed to tide over the storm and reinvigorate Hong Kong's economy. Furthermore, I would also like to discuss the development of innovative technologies. I have always supported their development. With the establishment of the Innovation and Technology Bureau, the Budget has also pushed vigorously for development in this regard. This indicates the strong determination of the Government to develop innovative technologies. In recent years, the neighbouring Pearl River Delta Region has developed into a manufacturing hub of advanced technology products. Hong Kong has lagged behind for years in this regard. We should do our best to catch up. Actually, Hong Kong is already equipped with world-class information technology facilities. If we can enhance the development of scientific research talent and institutions, grasp the opportunity to co-operate with nearby regions to create synergy effect, Hong Kong's innovative technologies can be driven towards internationalization. As the development of the Hong Kong economy is not balanced, we must explore new openings outside the pillar industries. The enhancement of innovative technologies can precisely drive re-industrialization in Hong Kong and bring new opportunities to the territory. Through mobile communications technology and artificial intelligence, the integration of technology into financial development has become the major global trend. The Budget has decided to vigorously develop financial technologies (Fintech) such as electronic payments, robo-advisors and crowdfunding. I 7386 LEGISLATIVE COUNCIL ─ 14 April 2016 believe the Steering Group on Financial Technologies can implement more researches and explore the feasibility of applying new technologies to various financial services. However, while developing Fintech, I wish that the Government can address the problems faced by the Fintech sector as soon as possible. First, the present legal framework for monitoring the traditional financial institutions fail to dovetail with the rapid development of Fintech. I wish that the Government can soon implement a set of legal framework applicable to the current Fintech so that support for the development of Hong Kong's Fintech can be more comprehensive. Then, pertinent Fintech talents will naturally be more at ease to come and take part in infrastructure investment.
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    Hong Kong Studies Vol. 2, No. 2 (Winter 2019) 1 Silencing the Local: Censorship of Ten Years and the Localist Movement in Hong Kong ls Annie Hui a ri te Abstract a In recent years, pro-democracy protests have increasingly challenged the M legitimacy of Beijing rule, stressing that the “One Country, Two Systems” formd of governance has not been upheld. Echoing the political unrest andt thee disillusionment of many pro-Hong Kong/anti-China citizens, the Honggh Kong film industry has seen a rise in politically motivated works that emphasizeri the idea of the “local.” This article examines contemporary pro-democracyy protests in Hong Kong and questions the role that social activism playso inp the formation of individual and group identity in post-handover Hong KongC and how the very idea of the “local” is seen as subversive by the Communists: Party of China (CPC). Through analyzing Hong Kong’s localist discoursees in Ten Years (2015), a dystopian film that exemplifies the revival of politicalPr art and activism in Hong Kong, this article seeks to engage with contemporaryg developments of localist thought in relation to identity formation inn a decolonizing space, to interrogate the dichotomy of the “local” and the “national”o in order to understand how the former works to destabilize national Knarratives, and to examine the plethora of tactics employed by the CPC tog silence social movements in Hong Kong, including censorship of film andn social media. This article will ultimately argue that the extensive censorshipo of art and media in and related to Hong Kong reveals that the CPC’s fproject H is to enforce a unified and singular national identity, wherein Hong o Kong localist thought is seen to delegitimize state authority and endangerity national sovereignty.
  • Annual Report 2007

    Annual Report 2007

    股份代號：035 Stock Code: 035 Annual Report 2007 2007 二零零七年年報 年 報 Annual2007 Report 00 FEC AR07 cover output.indd 1 2007/7/30 10:48:26 AM We are well-positioned to capture every opportunity for our rapid hotel expansion plan in China. We fi rmly believe that the keys to success are effectively implementing our strategies, injecting the right resources and bringing in the right people. 00 Far East Con Looking.indd 章節1:1 2007/7/30 10:28:31 AM Corporate Information PLACE OF INCORPORATION PRINCIPAL BANKERS Cayman Islands Hong Kong Citic Ka Wah Bank Limited EXECUTIVE DIRECTORS Hang Seng Bank Limited Deacon Te Ken CHIU, J.P. (Chairman) Chong Hing Bank Limited David CHIU, Tan Sri Dato’, B.Sc. Nanyang Commercial Bank Limited (Deputy Chairman and The Hongkong and Shanghai Chief Executive Offi cer) Banking Corporation Limited Dennis CHIU, B.A. Wing Hang Bank Limited Craig Grenfell WILLIAMS, B. ENG. (CIVIL) Malaysia Alliance Bank Malaysia Berhad NON-EXECUTIVE DIRECTORS Southern Bank Berhad Ching Lan JU CHIU, J.P. Daniel Tat Jung CHIU Singapore The Hongkong and Shanghai INDEPENDENT NON-EXECUTIVE Banking Corporation Limited DIRECTORS Australia Jian Yin JIANG Australia and New Zealand Banking Kwok Wai CHAN Group Limited Peter Man Kong WONG, J.P. Commonwealth Bank of Australia China CHIEF OPERATING OFFICER Construction Bank of China Denny Chi Hing CHAN The Industrial and Commercial Bank of China Limited QUALIFIED ACCOUNTANT, REGISTERED OFFICE CHIEF FINANCIAL OFFICER AND P.O. Box 1043, Ground Floor, COMPANY SECRETARY Caledonian House, Mary Street, Bill Kwai Pui MOK, B.A., M.B.A., A.I.C.P.A., C.P.A.