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Patrick Nip meets logistics staff

Secretary for the Civil Service Patrick Nip today visited the Government Logistics Department to learn about colleagues’ work and matters of concern.   Mr Nip said that the 2021 Policy Address proposed to enhance the effectiveness of governance, and the civil service as the Government’s backbone plays a vital role in implementing “one country, two systems”.   He encouraged staff to spare no efforts in supporting bureaus and departments, always bearing in mind to strive for excellence in service delivery.   They should be innovative, be adept at policy making as well as execution, work with a strong sense of responsibility, and make good use of innovation and technology to meet the opportunities and challenges in the new era, he added.   At the Storage & Distribution Section’s Unallocated Store, Mr Nip was briefed on the storage and delivery of essential and emergency items including protective gear for bureaus and departments.   In addition, Land Transport Division staff

Foreign currency reserves up

Hong Kong's foreign currency reserve assets rose to US$493.5 billion in January from December's US$491.8 billion, the Monetary Authority announced today.   The reserve assets represent over six times the currency in circulation or about 48% of Hong Kong dollar M3.   There were no unsettled foreign exchange contracts in January.
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