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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

Event to explore new era in fintech

Hong Kong FinTech Week 2023 will be held from October 30 to November 5, with “Fintech Redefined” as its theme.


The event will bring together global leaders and fintech innovators to explore the future development of fintech under six key themes.


The themes are: global regulations and focuses such as sustainable and green finance; funding, venture capital, and family office investments; artificial intelligence, Web3 and emerging frontiers; opportunities within the Greater Bay Area; Hong Kong’s innovation journey; and showcasing businesses.


InvestHK, which organises Hong Kong FinTech Week in collaboration with the Financial Services & the Treasury Bureau, said the event will attract more than 30,000 attendees and garner 5 million online visits from individuals in more than 90 countries. It added that the main physical conference, scheduled for November 2 and 3, will bring together more than 300 distinguished speakers and 540 exhibitors.


Acting Secretary for Financial Services & the Treasury Joseph Chan said that Hong Kong’s fintech industry is entering a new era, one where the focus is not solely on technology but also its real-life application.


“We are excited to witness this transformation and its impact on the financial ecosystem,” he said.


Exhibits at the main conference will include immersive technologies, such as augmented and virtual reality devices, that will demonstrate the potential of the metaverse to connect businesses and promote Hong Kong’s culture.


Meanwhile, the cross-boundary Greater Bay Area Day will take place on October 31, presenting opportunities for synergies between Hong Kong and Shenzhen. A forum will be held in Shenzhen, along with tours of Mainland tech giants.


Besides the bureau and InvestHK, Hong Kong FinTech Week 2023 is co-organised with the Monetary Authority, the Securities & Futures Commission and the Insurance Authority.

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