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Civil Aid Service holds parade

The Civil Aid Service (CAS) held the Celebration of the 25th Anniversary of the Establishment of Hong Kong Special Administrative Region and CAS 70th Anniversary Parade today at the Police College.   Chief Secretary Chan Kwok-ki officiated at the ceremony and acted as the reviewing officer for the parade.   To demonstrate national identity and patriotic sentiment for the motherland, the CAS has fully adopted from today, the Chinese-style foot drill that requires exacting standards, and demonstrated the drill's protocols for the first time in the parade.   As an auxiliary force under the Security Bureau, the CAS has been honouring the pledge of "provide emergency relief, serve the community" and has been rendering immediate assistance during emergencies to protect Hong Kong citizens.   During the COVID-19 epidemic, the CAS has remained steadfast on the front line of the anti-epidemic operations by rapidly assisting in setting up a number of community isolation faci

Financial leaders meet

The Financial Leaders Forum, chaired by Financial Secretary Paul Chan, held its 16th meeting today.   Members were briefed by the Financial Services & the Treasury Bureau and financial regulators on the legislative proposals of introducing a fund re-domiciliation mechanism in Hong Kong.   They agreed that the proposals would help attract investment funds to set foot in Hong Kong, entrenching the city’s position as an international asset and wealth management centre.   During the meeting, the Securities & Futures Commission and the Hong Kong Exchanges & Clearing (HKEX) briefed members on the latest position of their study on a possible listing regime for special purpose acquisition companies in Hong Kong.   Members noted that the HKEX will consult the market on concrete proposals in the third quarter.   The bureau and financial regulators also briefed members on their work in examining how to further enhance Hong Kong's competitiveness as an international financial centre.   Additionally, members noted the latest progress and key legislative proposals to take forward the eMPF Platform project.   As a public utility and sophisticated infrastructure in the financial sector, the platform will allow room for fee reduction for the benefit of the Mandatory Provident Fund Scheme's members through enhanced operational efficiency and economies of scale.
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