Skip to main content

Jan retail sales up 0.9%

The value of total retail sales in January, provisionally estimated at $36.5 billion, rose 0.9% compared with the same month in 2023, the Census & Statistics Department announced today.   After netting out the effect of price changes over the same period, the provisional estimate represents a 1.2% year-on-year decrease.   Of the total retail sales value in January, online sales accounted for 6.5%. Provisionally estimated at $2.4 billion, the value of this segment went down by 20.9% compared with a year earlier.   Noting that retail sales tend to show greater volatility in the first two months of a year due to the timing of the Lunar New Year, the department said the year-on-year comparison of the figures might have been affected to a certain extent.   The value of sales of jewellery, watches and clocks, and valuable gifts increased 25.2% compared with January 2023.   Increases were also recorded in the sales of other consumer goods not elsewhere classified (up 7

Court arrangement comes into force

A civil and commercial arrangement between the Mainland and Hong Kong came into operation today.

 

The arrangement involves the Mainland Judgments in Civil & Commercial Matters Ordinance and the Arrangement on Reciprocal Recognition & Enforcement of Judgments in Civil & Commercial Matters by the Courts of the Mainland & of the Hong Kong Special Administrative Region.

 

Under the arrangement's new mechanism, the courts of the two places may recognise and enforce reciprocally effective judgments in civil and commercial matters that are made by the courts of the other place and are covered by the arrangement. This reduces the need for parties to re-litigate the same dispute in the Mainland and Hong Kong courts respectively, thereby reducing the risks, legal costs and time usually associated with the cross-boundary enforcement of such judgments.

 

The ordinance was enacted for the purpose of implementing the civil and commercial arrangement in the Hong Kong SAR through local legislation. The new mechanism applies to judgments given by Hong Kong or Mainland courts from today onwards in cases covered by the arrangement.

 

Secretary for Justice Paul Lam remarked that the civil and commercial arrangement showcases the unique advantages enjoyed by Hong Kong under “one country, two systems”.

 

“Hong Kong is the only jurisdiction to have an arrangement with the Mainland on reciprocal recognition and enforcement of judgments with such a wide coverage. The civil and commercial arrangement helps consolidate Hong Kong's status as a regional intellectual property trading centre as well as a regional centre for international legal and dispute resolution services as outlined in the National 14th Five-Year Plan.”

 

Mr Lam and Supreme People's Court (SPC) Vice-president Yang Wanming gave an opening speech at the “New Mechanism for Reciprocal Recognition & Enforcement of Civil & Commercial Judgments between the Courts of Mainland and the Hong Kong SAR” seminar, co-organised by the SPC and the Department of Justice today.

 

The seminar, attracting about 300 participants on-site, explains the civil and commercial arrangement as well as the ordinance, including the applicable rules and specific procedures.

 

The public may also visit the thematic website or read the promotional leaflet on the ordinance for details.


http://dlvr.it/T21V3y

Popular posts from this blog

Legal officer changes proposed

The Government has proposed to amend the law to allow legal officers of the Department of Justice to be appointed as a senior counsel.   At a media session after attending a Legislative Council meeting today, Secretary for Justice Teresa Cheng explained the rationale behind the Government's proposal.   She said: “Why is it that my colleagues in the Department of Justice - who by their qualifications are solicitors but are actually arguing very well and very efficiently with great eloquence and efficacy in the Court of Final Appeal - are not being recognised when they are actually even better than their counterparts? That has always been something that sometimes troubles me.   “And for that reason, I have always been thinking about how we are going to overcome that problem.   “Now, what really triggers my determination to take this further forward is when one of our Deputy Directors of Public Prosecutions, Vinci Lam, took silk on May 29.   “That really showed that the form

CE to meet Congo president

Chief Executive John Lee will meet Democratic Republic of Congo President Félix-Antoine Tshisekedi Tshilombo at Government House tomorrow, the Hong Kong Special Administrative Region Government announced today.   The Congo president is in the People’s Republic of China for a state visit and will arrive in Hong Kong for a two-day trip. http://dlvr.it/Spnmcs

Skewed remarks about NSL rejected

The Hong Kong Special Administrative Region Government today said it strongly disapproved of and firmly rejected the wanton slanders and smears concerning the implementation of “one country, two systems” and the National Security Law (NSL) in Hong Kong by certain US and UK politicians.   In a statement issued tonight, the Hong Kong SAR Government noted that such slanders and smears were recently made through a statement by certain members of the US Senate on the 26th anniversary of Hong Kong’s return to the motherland and the third anniversary of the implementation of the NSL, and by the House of Commons of the UK Parliament through a debate on the aforesaid third anniversary.   It said it strongly disapproves of and firmly rejects the unfounded remarks and slanders by the US and UK politicians regarding the Hong Kong SAR where “one country, two systems” is successfully implemented.   It also strongly urges the politicians to immediately stop acting against the international law and