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Budget steadfastly seeks progress

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Chief Secretary Chan Kwok-ki today said the 2024-25 Budget steadfastly seeks progress by adopting targeted and effective strategies to formulate measures, while taking into account the sustainability of public finance.   Speaking at a media session after the Financial Secretary delivered the 2024-25 Budget, Mr Chan said that with the concerted effort of the Government and society at large, Hong Kong has been gradually regaining its growth momentum after the COVID-19 pandemic.   “That said, as an externally oriented and open economy, Hong Kong continues to be affected by the complex and volatile external environment and unstable global economic recovery. Together, we have overcome various challenges along the way,” Mr Chan noted.   “With this in mind, I consider that the latest Budget steadfastly seeks progress while ensuring stability,” he added.   The Chief Secretary also pointed out that the series of short, medium and long-term measures in the Budget aim to develop H

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Land supply to exceed demand: FS

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Financial Secretary Paul Chan today said the potential land supply for 2024-25 is expected to provide about 15,000 flats, around 14% more than the annual demand projected in the Long Term Housing Strategy.   Mr Chan made the remarks while outlining land and housing measures in the Budget this morning. He noted that the 2024-25 Land Sale Programme will cover a total of eight residential sites.   Together with railway property developments, private development and redevelopment projects, and the Urban Renewal Authority’s projects, the potential land supply for the year is expected to exceed the annual demand of 13,200 units projected in the housing strategy, reaching 15,000 units.     In addition, two commercial sites and one industrial site will be put up for sale, providing about 120,000 sq m of commercial floor area and 540,000 sq m of industrial floor area respectively.   Housing supply Mr Chan said the Government has identified sufficient land to meet the supply ta

Kevin Yeung lauds top fencer

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Secretary for Culture, Sports & Tourism Kevin Yeung today congratulated Hong Kong athlete Cheung Ka-long on ascending to world number one in men's foil again.   Mr Yeung said: “Cheung Ka-long has added another remarkable page to Hong Kong's fencing history. We are so thrilled by his achievement and all citizens in Hong Kong are proud of him.” http://dlvr.it/T3JQ4p

Govt holds seminar on Qianhai plan

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The Hong Kong Special Administrative Region Government today held a seminar to promote the Overall Development Plan for the Qianhai Shenzhen-Hong Kong Modern Service Industry Co-operation Zone at the Central Government Offices.   National Development & Reform Commission (NDRC) Department of Regional Economy Director General Wu Shulin was the keynote speaker and delivered a thematic presentation.   Representatives from the Communist Party of China (CPC) Central Committee Hong Kong & Macao Work Office, Guangdong Provincial Development & Reform Commission, and Shenzhen Municipal Government were also present.   Hong Kong Deputies to the National People's Congress (NPC) and Hong Kong Members of the National Committee of the Chinese People's Political Consultative Conference (CPPCC) as well as relevant Hong Kong SAR Government officials attended the seminar.   They learnt about embracing the central government's requirements and objectives in regard to

National security quiz concludes

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The Territory-wide Inter-school National Security Knowledge Challenge held its finals and awards presentation ceremony today to commend the winning students’ outstanding performance in the challenge.   Chief Executive John Lee said in a video speech that he believed the students have enriched their understanding of the Constitution, the Basic Law, the National Security Law (NSL) and the holistic view of national security as well as increased their awareness of the responsibility in safeguarding national security through participating in the challenge.   He pointed out that the Basic Law Article 23 legislation is an integral part of safeguarding national security in the Hong Kong Special Administrative Region, enabling the Hong Kong SAR to have a more comprehensive and effective legal system to safeguard national security.   Mr Lee also highlighted that the Basic Law Article 23 legislation will be a new area of national security education and that the Hong Kong SAR Governmen

Lecture given on int’l strategy

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President of Peking University’s Institute of International & Strategic Studies Prof Yu Tiejun delivered a lecture titled “International Strategy & National Defence Policy” at the Civil Service College today.   The lecture is part of a programme on “one country, two systems” and contemporary China organised by the college in collaboration with the university’s Institute for Hong Kong & Macau Studies.   Addressing attendees, Secretary for the Civil Service Ingrid Yeung said Hong Kong plays a critical role in the country’s international strategy and bears a significant responsibility in safeguarding national security.   She added that together with the National Security Law the Basic Law Article 23 legislation, due to be completed this year, will provide a robust defence of national security.     She outlined that this will further strengthen the foundation for the steadfast implementation of “one country, two systems”, ensuring that Hong Kong continues to thr

HK's anti-poverty efforts lauded

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CPC Central Committee Hong Kong & Macao Work Office Director and State Council Hong Kong & Macao Affairs Office Director Xia Baolong is impressed with the Hong Kong Special Administrative Region Government’s work to aid the underprivileged via its community space initiative.   Secretary for Labour & Welfare Chris Sun made the statement after accompanying Mr Xia on a visit to the Sham Shui Po Community Living Room today, which covered the inspection of its facilities and interaction with its users.   Steered by the Hong Kong SAR Government, the goal of the Pilot Programme on Community Living Room is to improve the quality of life of grassroots families, especially those living in subdivided unit households.   Mr Sun said: “He is encouraged by what we do to help those in need. Because what is available here in the community living room is exactly what those living in poor conditions need - giving them a space for gathering, (and) for children there is a space for them t