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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

iBond allocation announced

Subscription and allocation results for the eighth inflation-linked iBond were released today, with each valid application to be allocated up to three units.   A total of 709,198 valid applications were received for more than $53.9 billion in principal amount of bonds. The final issue amount is $20 billion.   Financial Secretary Paul Chan said the latest issuance of the iBond has been warmly received by the public, with both the volume of applications and the total application amount achieving record highs since the iBond's inaugural issuance in 2011.   He noted that the issuance of the iBond provided the public with a safe investment choice of steady return under the current low interest rate and uncertain investment environment.   It also further enhanced the investing public's interest in and awareness of bond investments, thereby promoting the development of the retail bond market in Hong Kong, he added.   The 55,381 applications for two units or less will be allocated the full amount.   The other 653,817 applications for more than two units will be allocated two units each, while 605,727 will be allocated one additional unit after a ballot.   The iBond will be issued on June 23 and listed on the Stock Exchange on June 24.  
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