Contractors fined for violation of safety legislation
Sun Shine Decoration Limited and Wai Tat Aluminium & Glass Engineering Company Limited were fined $500,000 and $230,000 respectively at Fanling Magistrates' Courts today (April 14) for violating the Factories and Industrial Undertakings Ordinance and the Construction Sites (Safety) Regulations. The prosecutions were launched by the Labour Department.
The case involved a fatal accident that occurred on May 16, 2025, at a residential house in Kwu Tung. While mounting insulation boards on the top of a metal canopy, a worker fell from height into the swimming pool of an adjacent house. He was certified dead in hospital later that day.
Source: AI-found images
Analytical Accounts of Exchange Fund
The following is issued on behalf of the Hong Kong Monetary Authority:
The Hong Kong Monetary Authority (HKMA) released today (April 14) the key analytical accounts of the Exchange Fund at the end of March 2026.
Foreign assets, representing the external assets of the Exchange Fund, decreased during the month by HK$59.5 billion to HK$3,570.6 billion.
The Monetary Base, comprising Certificates of Indebtedness, Governmentissued currency notes and coins in circulation, the balance of the banking system and Exchange Fund Bills and Notes issued, amounted to HK$2,065.0 billion.
Claims on the private sector in Hong Kong amounted to HK$393.5billion.
Foreign liabilities amounted to HK$78.8 billion.
The analytical accounts of the Exchange Fund are released in accordance with the International Monetary Fund's Special Data Dissemination Standard (SDDS) and are referred to as the Analytical Accounts of the Central Bank under SDDS (Annex).
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At present, four press releases relating to the Exchange Fund's data are issued by the HKMA each month. Three of these releases are issued to disseminate monetary data in accordance with the International Monetary Fund's SDDS. The fourth press release, on the Exchange Fund's Abridged Balance Sheet and Currency Board Account, is made in accordance with the HKMA's policy of maintaining a high level of transparency. For the month of April 2026, the scheduled dates for issuing the press releases are as follows:
April 9
(Issued) |
SDDS International Reserves
(Hong Kong's Latest Foreign Currency Reserve Assets Figures) |
April 14 |
SDDS Analytical Accounts of the Central Bank
(Analytical Accounts of the Exchange Fund) |
April 30 |
SDDS Template on International Reserves and
Foreign Currency Liquidity |
April 30 |
Exchange Fund Abridged Balance Sheet and
Currency Board Account |
Source: AI-found images
