Hong Kong Customs to publicise Dealers in Precious Metals and Stones Regulatory Regime at jewellery exhibition
Hong Kong Customs will set up a booth at the Hong Kong International Jewellery Show, to be held at the Hong Kong Convention and Exhibition Centre (HKCEC), from tomorrow (March 4) for five consecutive days to publicise the Dealers in Precious Metals and Stones Regulatory Regime (Regime), and will provide on-site counter services to assist non-Hong Kong dealers in submitting cash transaction reports during their participation in the exhibition.
According to the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615), unless exempted, any person who is seeking to carry on a business of dealing in precious metals and stones and engage in any transaction(s) (whether making or receiving a payment) with a total value at or above HK$120,000 in Hong Kong is required to register with Hong Kong Customs and fulfil his/her anti-money laundering and counter-terrorist financing statutory obligations as appropriate.All dealers in precious metals and stones must successfully obtain a relevant registration before they can carry out any cash or non-cash transaction(s) with a total value at or above HK$120,000.
For non-Hong Kong dealers fulfilling the prescribed conditions (including those who come to Hong Kong to participate in exhibitions), although they are exempt from registration, they are required to submit to Hong Kong Customs a cash transaction report for any cash transaction(s) (whether making or receiving a payment) with a total value at or above HK$120,000 carried out in Hong Kong within one day after the transaction, or before the dealer or the person acting on behalf of the dealer leaves Hong Kong, whichever is earlier.
Non-Hong Kong dealers can make an online submission of a cash transaction report via the Regime's webpage atwww.drs.customs.gov.hkby accessing the Dealers in Precious Metals and Stones Registration System. Details of the submission procedures are set out at www.drs.customs.gov.hk/download/drsform/Information%20Sheet%20-%20Submission%20of%20Cash%20Transaction%20Report%20by%20using%20DRS.pdf.
Non-Hong Kong dealers can also download the related form atwww.drs.customs.gov.hk/download/drsform/CED418_Form%208_Cash%20transaction%20report.pdfand then submit the report in person at Hong Kong Customs' booth in the exhibition.
The Hong Kong Customs' booth (Booth 1C-C18) is located at HKCEC Hall 1C and will be open from 10.30am to 6.30pm on March 4, from 10am to 6.30pm between March 5 and 7, and from 10am to 5.30pm on March 8.
Dealers can visit the website (www.customs.gov.hk/en/service-enforcement-information/anti-money-laundering/supervision-of-dealers-in-precious-metals-and-ston/index.html) for more information about the Regime.
Hong Kong Customs to publicise Dealers in Precious Metals and Stones Regulatory Regime at jewellery exhibition Source: HKSAR Government Press Releases
CEDD and AFCD jointly launch Hong Kong Nature-based Solutions Design Guidelines
The Civil Engineering and Development Department (CEDD) and the Agriculture, Fisheries and Conservation Department (AFCD) jointly launched the Hong Kong Nature-based Solutions Design Guidelines (HKNbSDG) today (March 3). The HKNbSDG aims to provide practical planning and design guidelines for infrastructure and development projects. It promotes the application of Nature-based Solutions (NbS) to address societal challenges through actions to protect, sustainably manage and restore ecosystems, striking a balance between development and nature conservation while enhancing Hong Kong's climate resilience and driving sustainable development.
With reference to the global standards of the International Union for Conservation of Nature as well as relevant overseas, Mainland and local guidelines, the HKNbSDG proposes three core principles: (1) promoting ecosystem diversity at multiple scales; (2) embracing human-nature coexistence for mutual benefits; and (3) improving resilience through NbS. Factoring in the characteristics of Hong Kong's natural ecology and urban development, it provides clear guidance and local case studies to enable engineering teams to seamlessly integrate NbS into their workflows.
Speaking at the promulgation ceremony, the Under Secretary for Environment and Ecology, Miss Diane Wong, said that NbS is crucial for realising the harmonious coexistence of humans and nature. The Hong Kong Biodiversity Strategy and Action Plan 2035, announced by the Environment and Ecology Bureau late last year, proposed the widespread application of NbS to provide practical, effective and forward-looking solutions for urban planning, design and development, thereby addressing various urban challenges while strengthening ecological conservation. She pointed out that Hong Kong possesses a vast network of ecological protection areas in close proximity to urban areas, along with a rich pool of relevant professional talent and institutions, which will help facilitate the further development of NbS.
In his address, the Under Secretary for Development, Mr David Lam, said that NbS is not new to Hong Kong. Over recent years, works departments have championed "blue-green infrastructure", built functional "urban mini-forests" and eco-shorelines, and utilised vegetation to maintain natural hill slope stability. To scale up these successful experiences, the Government must integrate individual pilot applications into a structured, mainstreamed approach, hence the necessity of formulating the HKNbSDG. The Northern Metropolis presents a timely opportunity to actively integrate urban development with ecological conservation through NbS.
In the planning and development of the Northern Metropolis, the Government will strive to incorporate the design principles of the HKNbSDG to enhance climate resilience and promote biodiversity. Among these projects, the planning and design of the San Tin Technopole will draw on the HKNbSDG to introduce various NbS, achieving the vision of coexistence of development and conservation, as well as harmony between humans and nature.
The HKNbSDG has been uploaded to the websites of the CEDD (www.cedd.gov.hk/eng/publications/miscellaneous/nm-santintech/index.html) and the AFCD (www.afcd.gov.hk/english/conservation/Con_hkbsap/bsap_resources_references/bsap_resources_references.html).
CEDD and AFCD jointly launch Hong Kong Nature-based Solutions Design Guidelines Source: HKSAR Government Press Releases
CEDD and AFCD jointly launch Hong Kong Nature-based Solutions Design Guidelines Source: HKSAR Government Press Releases
CEDD and AFCD jointly launch Hong Kong Nature-based Solutions Design Guidelines Source: HKSAR Government Press Releases
CEDD and AFCD jointly launch Hong Kong Nature-based Solutions Design Guidelines Source: HKSAR Government Press Releases
