Hong kong monetary authority strengthens financial ties with malaysia through delegation visit
The following is issued on behalf of the Hong Kong Monetary Authority:
The Hong Kong Monetary Authority (HKMA) delegation concluded a three-day visit to Kuala Lumpur, Malaysia, on May 24 to strengthen financial collaboration between Malaysia and Hong Kong.
Led by the Chief Executive of the HKMA, Mr Eddie Yue,the delegation held bilateral meeting with the Bank Negara Malaysia (BNM), focusing on strategic areas including digital finance and fintech, green and sustainable finance, payment systems, use of local currencies for cross-border trade and Islamic finance.
Representatives from the HKMA and the BNM also joined the Malaysia Business Forum, organised by the Hong Kong Association of Banks. Attended by over 160 senior representatives from leading local and international banks operating in the two places, the Forum provided a platform to discuss and exchange views on financial co-operation and topics of mutual interests between Malaysia and Hong Kong.
The delegation also met with key business and financial leaders in Malaysia to discuss new opportunities arising from the strengthening economic and financial ties between Malaysia and Hong Kong.
Mr Yue remarked, "Hong Kong and Malaysia share a vision of promoting regional economic co-operation, fintech innovation and climate transition. As the gateway to the Mainland and a leading economy in ASEAN respectively, Hong Kong and Malaysia are well positioned to work together to drive closer partnership and sustainable growth across the entire Asia region."
This visit is part of the HKMA's ongoing efforts to expand its global network. Following successful visits to Thailand, Saudi Arabia, and the United Arab Emirates earlier, the HKMA plans to continue its engagement with the Middle East and other Association of Southeast Asian Nations (ASEAN) countries to maintain and further strengthen Hong Kong's status as an international financial centre.
Hong Kong Monetary Authority delegation visited Malaysia to strengthen bilateral financial collaboration Source: HKSAR Government Press Releases
Hong Kong Monetary Authority delegation visited Malaysia to strengthen bilateral financial collaboration Source: HKSAR Government Press Releases
Employers, contractors and employees should be aware of electrical safety at work during rainstorm
As the rainstorm warning has been issued by the Hong Kong Observatory, the Labour Department (LD) reminds employers and contractors that they should adopt necessary work arrangements and take suitable safety measures to protect the safety of their employees when they are carrying out electrical work or handling electrical plant.
A spokesman for the LD said today (July 27) that employers and contractors should avoid assigning employees to carry out electrical work (like electric arc welding work) or handle electrical plant at places affected by rainstorms, and should refer to the "Code of Practice in Times of Adverse Weather and 'Extreme Conditions'" and the "Guide on Safety at Work in times of Inclement Weather" issued by the LD.
Even if electrical work is carried out or electrical plant is handled at places not affected by the rainstorm, suitable safety measures must still be adopted to prevent electric shock as the air would be more humid. Such measures include:
(i) Ensure that all live parts of an electrical installation are isolated from the power supply source and rendered dead, and the isolation from the power supply source must be maintained as long as electrical work is being carried out;
(ii) Before carrying out any electrical work or handling any electrical plant, cut off and lock out the power supply source, then test the circuit concerned to confirm it is dead and display suitable warning notices, and issue a work permit thereafter;
(iii) Ensure that protective devices (such as suitable and adequate fuses and circuit breakers) for the electrical installations or electrical plant have been installed and maintained in good working order, and portable electric tools must be double-insulated or properly earthed;
(iv) Provide suitable personal protective equipment such as insulating gloves and insulating mats for employees; and
(v) If live electrical work is unavoidable, a comprehensive risk assessment should be conducted by a competent person and the appropriate safety precautions should be taken to remove or properly control the electrical hazards involved before such work can proceed.
In addition, employees should co-operate with the employer or contractor to follow the safety instructions and use the safety equipment provided.
The LD has published guidebooks and leaflets on electrical work safety. These safety publications are available free from divisional offices of the department or can be downloaded from its website (www.labour.gov.hk/eng/public/content2_8.htm).
Should there be any questions about occupational safety and health matters, please contact the Occupational Safety Officer of the LD at 2559 2297.
Source: AI-generated images
