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More HZMB private car quotas set

The governments of Hong Kong and Macau have agreed to increase the regular quotas for Hong Kong cross-boundary non-commercial private cars using the Hong Kong-Zhuhai-Macao Bridge to Macau, the Transport Department announced today.   The decision was made to enhance traffic flow between Hong Kong and Macau, better utilising the bridge, the department said.   It will increase the Hong Kong quota by 1,000, following the earlier quota allocation of 1,800 for Hong Kong.   The additional quota will be distributed in two phases from the second quarter.   Half of the additional 1,000 quota allocations is for company applicants and the other half is for individual applicants. The quotas are valid for no more than three years. The eligibility criteria of quota applications remains the same.   Private cars allocated with Hong Kong quotas will be permitted to access the city of Macau multiple times using the bridge.   The Hong Kong quota allotments will be re-allocated upon expiry thro

SFC executives named

Financial Secretary Paul Chan, under the authority delegated by the Chief Executive, has appointed Michael Wong and re-appointed Nicky Lo and Clement Chan as Non-Executive Directors of the Securities & Futures Commission (SFC).   The two-year terms of Mr Wong, Mr Lo and Mr Chan will begin on April 1, April 24 and May 26.   The finance chief said: “Mr Wong has had a long record of public service and possesses vast experience in the business sector. I am confident that he will provide valuable contributions to the work of the SFC.   “Mr Lo and Mr Chan have offered constructive advice on the performance of functions and good corporate governance of the SFC during their tenure. I look forward to their continued support for the work of the SFC.”   The SFC is chaired by Tim Lui and its other serving Non-Executive Directors are Agnes Chan, Edward Cheng, Victor Dawes, Lester Huang and James Lin.
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