Speech by FS at 2024 Global Financial Leaders' Investment Summit Welcome Dinner
Following is the speech by the Financial Secretary, Mr Paul Chan, at the 2024 Global Financial Leaders' Investment Summit Welcome Dinner today (November 18):
Eddie (Chief Executive of the Hong Kong Monetary Authority, Mr Eddie Yue), distinguished guests, ladies and gentlemen,
Good evening.
It's a pleasure to be here, with you, tonight, at the welcome dinner for this year's Global Financial Leaders' Investment Summit.
I hope you enjoyed this evening's innovatively arranged East-West dinner as well as entertainment. The culinary delights, paired with the enchanting performances, are meant to bring you a refreshing experience with a unique blend of East and West cultures.
But above all, it is your very presence that is the vital ingredient that truly brings out this international flavour, infusing the evening, and indeed our Summit, with a rich tapestry of diversity and warmth.
Because, of course, this is a "global" summit – an East-West coming together here in Hong Kong – and has been since the first edition, two years ago.
And because Hong Kong, thanks to the "one country, two systems" principle, is a global financial centre, a "super connector" bridging East and West: in business, trade and finance, in culture and education, and in the people of Hong Kong, who make it all happen.
Tonight's venue, Cloud 39 at The Henderson, reflects the boundless promise that unique reality presents. This stunning new addition to Hong Kong's skyline offers more than sweeping, 270-degree views. With its curved façade, inspired by the bauhinia flower, it encapsulates Hong Kong: our innovation, our longstanding resilience and our singular identity.
"Sailing through Changes" is the apt and timely theme of this year's Summit. When the wind is good, the sailing is breezy – a buoyant sport and rewarding pastime. But in times like today's – with our world shaped and reshaped by macroeconomic shifts, the unceasing advances of technology and geopolitical ruptures, the sailing can be bumpy and fraught with uncertainty.
Globally, elections impacted more than half the world's population this year. The results will recast political and economic landscapes for the foreseeable future.
They will influence trade and investment flows and financial and political policy. Navigating these, and other uncharted waters, will require determined and interconnected financial systems – demand co-operation and collaboration rooted in multilateralism rather than isolationism.
That's where tomorrow's Summit comes in. Where you come in. I'm confident that, working together, we can explore, and respond to, the latest trends and concerns shaping finance. That we can forge the partnerships, East and West, that will help us build a mutually rewarding and sustainable future.
My thanks to the Hong Kong Monetary Authority for organising this year's Summit. I'm grateful, too, to all the many supporting organisations involved.
And, of course, my gratitude to each of you for making this year's Hong Kong Summit an essential global gathering.
Ladies and gentlemen, I wish you the best of business and investment, and an enjoyable stay in Hong Kong, this lovable Asia's world city.
Thank you.
Speech by FS at 2024 Global Financial Leaders' Investment Summit Welcome Dinner Source: HKSAR Government Press Releases
EDB reminds parents to choose primary schools under Central Allocation process for their children
The Education Bureau (EDB) today (January 12) reminded parents that children who have joined the Primary One Admission (POA) System for 2026 but have not yet secured a discretionary place can take part in the Central Allocation process for a Primary One (P1) place in a government or aided primary school. Parents concerned should make their choice of schools within the period from January 19 to 25.
Digitalisation of POA
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In line with the Smart Government strategy, the EDB has fully implemented digitalisation of the POA. Parents who have registered as POA e-Platform (ePOA) users and have bound their account to "iAM Smart+" may submit the Choice of Schools Form for Central Allocation from January 19 to 25 through the ePOA. Please refer to the related videos and Parent's Guide on the EDB's website (www.edb.gov.hk/en/edu-system/primary-secondary/spa-systems/primary-1-admission/poa_eplatform/index.html) for details of the procedures for activating and logging into an ePOA account and for making school choices for the Central Allocation of POA via the e-Platform.
Making school choices at Central Allocation Centres
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The EDB will send letters to parents on January 14 inviting them to make their choice of schools. To cater for the needs of different parents, parents can still submit the Choice of Schools Form in paper form by visiting the designated Central Allocation Centre at the suggested time slot (i.e. 9.30am to 12.30pm or 1.30pm to 4.30pm on January 24 (Saturday) or 9.30am to 12.30pm on January 25 (Sunday)) stated in the letter.
Parents who are ePOA users may choose to submit the Central Allocation Application via the ePOA or in paper form to the Central Allocation Centre but should not submit duplicate applications. Parents who have not yet received the letter by January 19 should call the School Places Allocation Section of the EDB (Hotline: 2832 7700) as soon as possible.
Only one parent of an applicant child is required to complete the school choice-making procedures. Parents are advised not to take their children to the Central Allocation Centre if possible. Parents who cannot make school choices within the suggested time slot can go to the designated Central Allocation Centre from 1.30pm to 4.30pm on January 25. The Choice of Schools Form will be sent together with the letter to parents who have submitted a paper Application Form at the Discretionary Places stage for filling out in advance.
In the event of adverse weather or other special conditions on any day during the period of making school choices, please pay heed to radio or television announcements on the relevant special arrangements.
Unable to submit application within specified choice-making period
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For individual parents who are unable to use the ePOA or go to the Central Allocation Centre to make school choices, they can authorise in writing a representative to bring the completed Choice of Schools Form and their signed Letter of Authorisation to the Central Allocation Centre to proceed with the related procedures.
To apply for POA 2026 for their children after January 25, parents need to complete necessary procedures with the School Places Allocation Section, which will separately arrange P1 places for the applicant children in June.
Change of residential address
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An EDB spokesman reminded parents that, if they have recently moved their residence or have such plans in the near future, they are required to inform the School Places Allocation Section as soon as possible so that they can make school choices in the POA School Net where their new home is located. Parents should fill in the actual residential address of their child. If they provide a false address for securing a P1 place, the POA application of their child will be rendered void and the P1 place allocated will be withdrawn.
The EDB has put in place a monitoring mechanism to verify the residential addresses of applicant children as given by the parents. Random checks have also been stepped up. The public may call the School Places Allocation Section to report suspected cases of using a false address by parents for their children's POA application. The EDB will take action against false address cases.
Mechanism of Central Allocation
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Central Allocation is composed of two parts. Part A, which takes up 10 per cent of the P1 places earmarked for Central Allocation, is for unrestricted school choices. Parents can choose up to three government or aided primary schools in any school net. Part B takes up the remaining 90 per cent of the P1 places earmarked for Central Allocation. Parents of applicant children residing in the school net concerned are to select schools from the "Choice of Schools List for Central Allocation (Primary One Admission 2026)" of their school net, while parents of applicant children who intend to commute daily to schools in Hong Kong are to select schools from the "2026 Choice of Schools List for Central Allocation (For Applicant Children who intend to commute daily to schools in Hong Kong)". Parents should fill in the Choice of Schools Form in the order of their preference.
The mechanism of the Central Allocation is based on parents' choices in general. The computer-programmed allocation will first process the school choices in Part A and then the school choices in Part B. For oversubscribed schools, the order of priority in allocating places will be determined by random numbers generated by the computer for individual applicants to ensure fairness.
For information about the procedures for Central Allocation, please call the EDB's 24-hour automatic telephone enquiry service at 2891 0088.
Release of Central Allocation results
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For parents who have already activated their ePOA account via "iAM Smart" or "iAM Smart+", they will receive their Central Allocation results through the ePOA from 10am on June 3. Parents who wish to receive the allocation results via SMS on June 3 may choose such an option in the Choice of Schools Form. In addition, the allocation results will be sent to parents by post on June 3 and 4.
Source: AI-found images
