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Chief Executive John Lee said on Tuesday that Hong Kong is the place to be for global talent, in part because the SAR has long been one of Asia's most liveable cities.

Speaking at a government-organised summit on talent, the CE said Hong Kong is the only city where "the global and China advantages" come together.

He added that other institutional strengths include prime business prospects because of the One Country, Two Systems principle, a low tax system as well as the free flow of information, capital, goods and people.

Lee said language is never a problem because English and Chinese are both official languages in the SAR, and Hong Kong will get even more multilingual as it thrives as a cultural hub where East meets West.

He noted that 40 percent of the territory is earmarked as country parks with a UNESCO geopark, endless hiking trails and stunning beaches.

"In Hong Kong, you don't just get world-class work opportunities, you get a satisfying life, too," Lee said in an opening speech at the summit.

"Yes, choosing to relocate to Hong Kong on your own or with your loved ones is a big decision. But I'm here to tell you, that this is the place where you can work hard, play hard and enjoy hard."

Lee said the central government's recent move to relax visa rules for Shanghai and Beijing businesspeople to come to Hong Kong will promote professional exchanges and reinforce the SAR's role as the country's international talent hub.

The CE also thanked senior officials from Beijing, particularly Minister of Human Resources and Social Security Wang Xiaoping, as well as those from Guangdong and Macau, for attending the summit and sharing their ideas.

French President Emmanuel Macron on Monday thanked President Xi Jinping for backing his idea of a truce in all conflicts including Ukraine during the Paris Olympics this summer.

"I thank you for showing your desire during our talks to ask all parties to have an Olympic truce," Macron said at a joint press conference, adding that such a truce for "all theatres" of war could help achieve lasting peace in the conflicts.

On Ukraine, President Xi said China supports the convening of an international peace conference on the crisis at an appropriate time. He said the conference should be recognized by both Russia and Ukraine, with equal participation of all parties and fair discussion of all peace plans.

President Xi Jinping also said he would welcome President Macron to visit China again.

President Xi arrived in Paris on Sunday for a two-day visit.

At a meeting with Macron and EU Commission chief Ursula von der Leyen, Xinhua news agency reported that Xi said the two countries should always define China-Europe relations as a comprehensive strategic partnership, and remove various distractions.

Macron is set take Xi to the Pyrenees on Tuesday, a mountainous region dear to the French president as the birthplace of his maternal grandmother.

Xi will then leave France for Serbia before completing his European tour in Hungary. (Xinhua and AFP)

President Xi Jinping on Monday attended a China-France-EU trilateral meeting with French leader Emmanuel Macron and European Commission chief Ursula von der Leyen at the Elysee Palace in Paris.

Xi said China regarded Europe as an important partner in helping it achieve its modernisation goals and said the two sides should stay committed to their partnership.

The president added China regarded Europe as a priority of its foreign policy, and sees China-EU relations from a strategic and long-term perspective.

Xi's French counterpart, Macron, said the international situation made EU-China dialogue more essential than ever, adding it was important to ensure a level playing field between the two sides.

Trade, Sino-European relations, the war in Ukraine and the crisis in the Middle East dominated talks between the three leaders.

Macron said coordination with Beijing on "major crises" including Ukraine was "absolutely decisive".

Xi said China had been working "vigorously" to facilitate talks for peace in Ukraine while adding that Beijing was ready to work with the EU to support a more broad-based, authoritative and effective international peace conference to resolve the Palestinian-Israeli conflict.

On trade, Macron urged "fair rules for all" while the EU's von der Leyen said relations between Brussels and Beijing were challenged over issues linked to market access.

Xi said whether viewed from the perspective of comparative advantage or global market demand, there was no such thing as "China's overcapacity problem". (Xinhua/Reuters)
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Last updated: 2024-05-06 HKT 21:56

A Tamar Park exhibition featuring hundreds of luminous ovoids will be extended by six days until June 8, officials said on Monday.

Apo Wu, who heads the Art Promotion Office, said some 900,000 people have already been to see the "teamLab: Continuous" exhibition since it opened as part of "Art@Harbour 2024" on March 25.

"It surpassed our expectation. We do hope that more people can visit the exhibition and take advantage of the opportunity, which is why we extended the period by almost a week. We hope to see more visitors in the remaining time," she said.

Wu said the free exhibition has been a hit with mainland tourists.

"There are a lot of similar exhibitions in the mainland, but they require an admission fee. So I think this exhibition has an attractiveness to people from the mainland. The weather during the Labour Day Golden Week was really bad with heavy rain, but we still saw some people go during light rainy periods," she said.

"It is an outdoor exhibition after all so the weather does affect the viewing experience. So we hope for the remaining viewing period, the weather will be nice, so that more people, despite the ending of the holiday period, can come back to Hong Kong to experience [the exhibition]."

Wu added that a requirement for visitors to make bookings for part of the exhibition area will be scrapped from May 8.

The heads of government departments responsible for data leaks should be held accountable and punished for the blunders, DAB lawmaker Elizabeth Quat said on Monday.

On Friday, the Companies Registry said data on some 110,000 people had been exposed due to a fault in its digital platform, just a day after the Electrical and Mechanical Services Department said a password problem put data on 17,000 public housing tenants at risk.

Quat, who chairs Legco's Panel on Information Technology and Broadcasting, said personal data leaks by government departments and public bodies are completely unacceptable.

She added that the heads of departments should bear responsibility for safeguarding sensitive data, rather than relying on the Office of the Government Chief Information Officer (OGCIO), which serves as the government's main IT support office.

"The head of the department should be responsible for all the cyber security issues of their own department, computer system and networking. We suggest the government to make sure that all the government heads, department heads and also the IT project heads are responsible for all the cyber security issues," she said.

Francis Fong, honorary president of the Information Technology Federation, said he was surprised by the apparent failure of the Companies Registry to conduct a security check on a new system prior to its launch.

"It is actually a design fault on a new system implemented. So I was surprised why they had not done any security check before the system was implemented and launched," Fong said.

"Similar mistakes have happened again and again in different IT departments. So if all these IT departments can get guidelines from the OGCIO, I hope we can solve this problem once and for all."

Fong also called on government departments to enhance collaboration in safeguarding data security.

The Hong Kong Monetary Authority (HKMA) on Monday said its Exchange Fund posted an investment gain of HK$54.3 billion in the first quarter of this year, despite the underwhelming performance of local stock markets.

It was the second consecutive quarter of gains for the fund, whose primary role is to back the Hong Kong dollar.

During a panel meeting in the Legislative Council, the HKMA revealed that the fund lost HK$2.3 billion in local equities in the first quarter and lost HK$4.8 billion on its foreign exchange assets.

However, these were offset by gains of HK$25.1 billion from bond investments and HK$36.3 billion from other stocks.

Speaking to reporters after the meeting, HKMA chief executive Eddie Yue said the future performance of the fund remains uncertain.

“The uncertainty about the US interest rate path, which will depend on the path of inflation in the US... we will still need to see the incoming economic data and see where the inflation path in the US will go, and see whether they will, as the market is expecting now, defer the rate cut decision and also the pace may be a little slower than expected before,” he explained.

Yue also said tensions in the Middle East and the pace of economic recovery in mainland China contribute additional uncertainty to the performance of the Exchange Fund.