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FS visits biomedical firm in UK

Financial Secretary Paul Chan yesterday visited a biopharmaceutical company and the Royal College of Art, and attended a lunch hosted by the China-Britain Business Council, as part of his ongoing trip to London.   Mr Chan visited AstraZeneca and met the company’s senior management to learn about its drug research and development activities, as well as its latest expansion plans.   AstraZeneca indicated that following in-depth talks with Hong Kong’s Office for Attracting Strategic Enterprises, it plans to develop a research and development centre in Hong Kong and will engage in further discussion with relevant government departments on the matter.   The Financial Secretary then attended a roundtable luncheon held by the China-Britain Business Council, and met representatives of British enterprises that do business, or plan to do business, either in the Mainland or Hong Kong.   Mr Chan later visited the Royal College of Art, which collaborated with the Hong Kong Polytechnic Unive
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CS tours Tai Po youth hostel

Chief Secretary Matthew Cheung, accompanied by Secretary for Home Affairs Caspar Tsui, today visited the Federation of Youth Groups' youth hostel PH2 in Tai Po to learn about its operation and latest developments.   They were briefed on the hostel by the federation's Executive Director Andy Ho and toured the hostel's units and various facilities.   The officials also exchanged views with frontline youth workers and a tenant to learn about their experiences and stories of operating and living in the hostel in the past year.   Mr Cheung expressed his gratitude to the federation for its care in running the youth hostel, which not only provides a comfortable living space for youth tenants, but also assists them in learning diverse life skills and financial planning through a wide variety of activities to help enable their upward mobility and realisation of aspirations.   He also noted that the current-term Government vigorously pushes forward youth hostel projects.   Apart from the Tai Po youth hostel, which was the first to be completed, Mr Cheung said the one in Ma Tin Pok, Yuen Long by Po Leung Kuk is the largest project in scale so far. Scheduled to open next year, it will provide 1,680 hostel places.   Five other projects being implemented will also offer more than 1,600 hostel places altogether.   Among them, the Sheung Wan project by the Tung Wah Group of Hospitals and the Jordan project by the Girl Guides Association were granted funding approval by the Legislative Council Finance Committee in April for starting main construction works.   The Government will continue to play an active role in assisting non-governmental organisations (NGOs) to provide more youth hostel units as soon as possible, the Chief Secretary added.   The Youth Hostel Scheme aims to encourage NGOs to unleash the potential of development sites to achieve optimal land use and to meet the aspirations of working youths in having their own living spaces.   The Government will fund the full capital costs of youth hostel projects carried out by participating NGOs. Upon completion, NGOs will run the youth hostels on a self-financing basis.
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