Announced policies, laws and officials’ explanations of public affairs.
Translation is not available yet. Showing the Traditional Chinese version.
轉數快今日正式啟動，提供跨銀行、跨電子錢包的全天候即時轉帳，支援港元和人民幣。P2P及P2B小額交易可於手機完成，商戶只須一個二維碼即可適用所有電子錢包。金管局至今收到約三十份虛擬銀行牌照申請，存款保障上限50萬元，最快今年底批出首批牌照。
Why read this: 司長網誌列出轉數快啟動首日的服務範圍，以及約三十份虛擬銀行牌照申請與50萬元存款保障上限，可核對金融科技政策進度。
The Insurance Authority has launched a two-month public consultation on the "fit and proper" criteria and continuing professional training guidelines for licensed insurance intermediaries, closing on 30 November 2018. Individual licensees must attain grade 2 or above in five subjects in the Hong Kong Diploma of Secondary Education Examination (including Chinese or English and Mathematics), continuing training hours will rise from 10 to 15 hours per year, with at least 3 hours in ethics or regulatory disciplines.
Why read this: The consultation paper sets out minimum academic qualifications, 15 hours of training per year and three-year transitional arrangements, allowing verification of the new system's specific requirements for practitioners.
The Insurance Authority and the China Banking and Insurance Regulatory Commission have reached consensus that, under the "China Risk Oriented Solvency Testing System" (C-ROSS, commonly known as "C-ROSS II"), capital requirements for mainland insurance companies ceding business to qualifying professional reinsurers in Hong Kong will be reduced. The preferential measures are based on the framework agreement signed by the regulators of the two places on 16 May 2017, under which each other's solvency regulatory effectiveness is temporarily recognised as equivalent or similar during a transitional period of four years pending completion of the assessment work. For details, please refer to Notice CBIRC [2018] No. 34.
Why read this: The announcement explains that the preferential measures are based on the framework agreement signed in 2017 and the transitional period of four years for mutual recognition of equivalence, allowing readers to understand the prerequisites for the reduced capital requirements.
Translation is not available yet. Showing the Traditional Chinese version.
政府公布六項房屋政策新措施，建議就空置一手私人住宅徵收應課差餉租值兩倍的額外差餉，並規定發展商每次推售單位不得少於同意書總數的20%。空置以入伙紙發出後12個月未售且逾6個月未作居住或出租計算，財政司司長指措施目標並非要遏抑樓價。
Why read this: 文章列出未來五年落成量平均每年約21,000個、發展商可售貨量18,500個，並解釋空置計算以入伙紙為起點的理由。
Translation is not available yet. Showing the Traditional Chinese version.
財政司司長聯同羅致光局長公布「關愛共享計劃」，向合資格市民發放一筆四千元款項。申請人須今年12月31日或以前年滿十八歲、通常居港、未領津貼且在港沒有物業。初步估計約二百八十萬人合資格、發放約一百一十億元，爭取明年二月或之前接受申請。
Why read this: 網誌逐一列出合資格與不合資格的具體條件，並提供受惠人數約二百八十萬、發放約一百一十億元等可核對數字。
The Insurance Authority will levy a premium charge on policyholders in accordance with the law from 1 January 2018, at an initial rate of 0.04% of the premium per policy year, rising gradually to 0.1%. In the first phase, the cap for life insurance is $40 per policy year and $2,000 for general insurance; failure to pay the maximum amount in accordance with the law may result in a fine of up to $5,000.
Why read this: The press release sets out the levy rates and caps in four phases from 2018, allowing policyholders to check the maximum amount payable per policy year according to policy type and premium amount.
The Insurance Authority will replace the Insurance Companies Ordinance regulator, the Insurance Authority office, a government department, in regulating insurers from 26 June 2017, and the Insurance Authority office will be dissolved on the same day. The new regime will widen the scope of regulation of insurers, and the Insurance Authority plans to implement a statutory licensing regime for insurance intermediaries within two years. The Insurance Authority will charge authorisation fees to insurers from the same day, and plans to levy a premium on policyholders from 1 January 2018; the subsidiary legislation has been submitted to the Legislative Council for scrutiny.
Why read this: The press release sets out the effective date, staffing establishment and fee schedule, allowing readers to check the transition arrangements and the progress of the premium levy.
Translation is not available yet. Showing the Traditional Chinese version.
保監局將由二零一七年六月二十六日（交接日）起取代保險業監理處規管保險公司，保監處同日解散。政府將於四月二十一日在憲報刊登《2017年〈2015年保險公司（修訂）條例〉（生效日期）公告》及八項附屬法例，並於四月二十六日提交立法會先訂立後審議。保監局日後將接手三個自律規管機構規管保險中介人的職能。
Why read this: 公布列明交接日期與將同步刊憲的八項附屬法例，讀者可核對規管權責何時由保監處轉移到保監局。
Translation is not available yet. Showing the Traditional Chinese version.
財政司司長在網誌宣布，按揭證券公司董事局已原則上批准推出終身年金計劃，供65歲或以上香港永久性居民長者選購。初步估算男性65歲投保每100萬港元保費每月可取約5800港元，女性約5300港元，內部回報率約4%，爭取明年年中推出首批產品。
Why read this: 網誌列出年金計劃的投保年齡、每百萬港元保費的估算月收入與推出時間，讀者可據此對照自己的退休儲蓄估算現金流。
Translation is not available yet. Showing the Traditional Chinese version.
行政長官委任鄭慕智博士出任獨立保險業監管局主席，另有七名人士獲委任為非執行董事，任期三年，由二零一五年十二月二十八日至二零一八年十二月二十七日。保監局目標在二零一六年底前取代保險業監理處，並在兩至三年內接管三個自律規管機構的職能。
Why read this: 新聞稿列出保監局三階段過渡安排與目標時間表，讀者可據此核對現行保險監管何時轉移到新機構。