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EPD takes action on concrete plants

The Environmental Protection Department said it does not tolerate concrete batching plants operating without a licence and will make every effort to stop any illegal operations.   The department made the statement in response to media reports yesterday of a concrete batching plant at 20 Tung Yuen Street in Yau Tong continuing to operate without holding a valid Specified Process Licence (SPL).   The department has been closely monitoring the operation of two plants, both owned by China Concrete. The other plant is at 22 Tung Yuen Street in Yau Tong.   Regarding the plant at 20 Tung Yuen Street, the Air Pollution Control Appeal Board dismissed an appeal lodged by China Concrete against the department’s refusal of its application for renewal of an SPL for the plant on November 22.   Under the Air Pollution Control (Specified Processes) Regulations, the plant’s SPL ceased to be valid with immediate effect and the department issued a letter requesting that all works be halte

RMB sovereign bonds to be issued

The Hong Kong Special Administrative Region Government today welcomed the Ministry of Finance's plan to issue sovereign bonds totalling RMB20 billion in Hong Kong this year.   The ministry plans to issue renminbi sovereign bonds in three batches of RMB8 billion, RMB6 billion and RMB6 billion each.   The Hong Kong SAR Government noted this is the 13th consecutive year the ministry has circulated RMB sovereign bonds in Hong Kong.   It said this demonstrates clearly the central government's support in reinforcing Hong Kong's status as an international financial centre and the global offshore RMB business hub, and is conducive to promoting the sustainable development of Hong Kong's bond market.
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