Borrison/hk-legicost huggingface dataset:
我們觀察所得，參與的議員對是次考察反應都十分正面，認為透過實地考察和實務交流，能更深入了解大灣區的發展情況，並使大家更積極思考香港應如何參與大灣區的發展。
Our observations show that participating Members response to this duty visit was very positive and in their view the site visits and practical exchanges could further deepen their understanding of the development of the Greater Bay Area and drive them to give more proactive thoughts to Hong Kongs participation in the development of the Greater Bay Area
香港的傳媒亦廣泛報道立法會考察團在廣東省內的活動，這對促進香港社會各界加深對大灣區的認識有非常積極的效果。
In Hong Kong the extensive media coverage of the activities undertaken by the Legislative Council delegation in the Guangdong Province has likewise achieved very positive effects on fostering a deeper understanding of the Greater Bay Area among various social sectors in Hong Kong
是次考察得以圓滿成功，除有賴立法會秘書處的精心準備外，亦有賴中央政府、廣東省及相關市政府的大力協助和悉心安排，從行程安排、考察點的講解，以至為議員提供的資料選編等，都做了大量細致的準備工作。
The smooth and successful conclusion of the duty visit this time around can be attributed to not only the thoughtful preparations of the Legislative Council Secretariat but also the immense assistance and well - thought - out arrangements on the part of the Central Government the Guangdong Province and also the relevant Municipal Government . They undertook a great deal of comprehensive preparations ranging from the drawing up of the visit programme and briefing materials on the places to visit to the selection of information materials for Honourable Members
我希望透過是次機會再次代表香港特區政府向中央政府、廣東省及相關市政府衷心致謝。
I wish to take this opportunity to express heartfelt thanks to the Central Government the Guangdong Province and also the relevant Municipal Government on behalf of the HKSAR Government once again
立法會職務考察報告內容涵蓋不同政策範疇事宜，我很樂意藉今天議案辯論的機會，聆聽各位議員對於香港參與推進大灣區建設的意見。
The Report on the Legislative Councils duty visit entails various policy areas and issues . I am glad to hear Honourable Members views on how Hong Kong can participate in taking forward the development of the Greater Bay Area in this motion debate today
待議員發言完畢後，我會再詳細回應。
I will give a detailed reply after listening to Members speeches
主席，我首先感謝共21位議員在此議案辯論發言，就今年4月的粵港澳大灣區職務訪問團作出觀察，並對粵港澳大灣區發展表達很多不同方面的意見。我嘗試作一個整體的回應。
President first of all I would like to thank a total of 21 Members who have spoken in this motion debate and expressed their views in many different areas on the observations of the joint - Panel delegation in its duty visit to the Guangdong - Hong Kong - Macao Greater Bay Area in April this year and on the development of the Greater Bay Area
第一，有議員提到粵港澳大灣區內廣東省的9個城市，以及香港和澳門兩個特別行政區。
Firstly as some Members mentioned the Greater Bay Area is made up of nine cities in Guangdong Province as well as two SARs namely Hong Kong and Macao
自回歸後21年以來，香港與廣東省一直有多方面的合作，那麼今天我們所說的粵港澳大灣區究竟有何新元素？
During the 21 years since Hong Kongs reunification Hong Kong has been cooperating with Guangdong Province in various aspects . Then are there any new elements in the Greater Bay Area today?
有議員表示擔心融合，融合在概念上可能有很多不同說法和理解，我認為一種比較準確的說法是，粵港澳大灣區其實是廣東省9個城市，以及香港和澳門兩個特別行政區，以一個區域發展的概念去推行融合。
Some Members expressed concern over the integration . There may have different interpretations and explanations concerning the concept of integration . I think a more accurate interpretation is that integration is being promoted in the Greater Bay Area which is actually made up of nine cities in Guangdong Province and two SARs namely Hong Kong and Macao under a regional development concept
區域發展的概念，就是每個城市着力繼續發展自身的競爭力，提高經濟、民生、社會各方面的發展。
Under this regional development concept each city continues to rigorously develop its own competitiveness enhance its development in the economic livelihood and social aspects
但是，與此同時，作為國家其中一個最開放、發展較快的區域，能夠以區域發展的概念發展，不單對香港有益，亦對整個區域和國家的發展有益。
But at the same time being one of the most open regions with faster pace of development in the country its development under the regional development concept will be beneficial not only to Hong Kong but also to the development of the entire region and the country
所以，要做到區域發展，香港不但要和廣東省城市或廣東省合作，亦要與相關的中央部委在不同範疇推進政策的突破。
Therefore in order to attain the goal of regional development in addition to cooperating with the cities in Guangdong Province or with Guangdong Province Hong Kong also needs to seek policy breakthrough in different areas together with the related ministries and committees of the Central Authorities
因此，有一個頂層設計，一個由副總理領導的小組帶動、推動發展最為重要。
Hence it is important to have a group being led by the Vice Premier at the highest level to bring about and promote development
而行政長官作為該領導小組的其中一員，不僅只是一員，而是可直接在整個大灣區的發展上提出我們的意見。
The Chief Executive being one of the members of that leading group is more than a member but can raise our views directly on the overall development of the Greater Bay Area
整體上，大家是按區域發展的概念去推動。
On the whole we are pushing forward under the regional development concept
第二，有議員擔心粵港澳大灣區的發展會否影響"一國兩制"和香港的角色？
Secondly some Members are worried that the development of the Greater Bay Area will affect the principle of one country two systems and the role of Hong Kong
香港會否與其他內地城市沒分別？
Will Hong Kong be no different from other Mainland cities?
我明 白這方面的憂慮或擔心，但我們很清楚知道粵港澳大灣區的潛力所在，是由於它有"一國兩制"。
I understand their worries and concerns in this aspect but we clearly know that the potential of the Greater Bay Area lies in one country two systems
粵港澳大灣區在國家3個區域發展中是最開放、最有國際聯繫的，原因是香港有"一國兩制"。
Among the three regions of development in the country the Greater Bay Area is the most open and has the most international connections attributive to the principle of one country two systems of Hong Kong
大灣區是在一個國家、兩種制度、三個關稅區、三種貨幣的條件下建設，國際上沒有先例，要大膽闖、大膽試，開出一條新路來，香港和澳門也要注意練好"內功"，着力培育經濟增長新動力。
The Greater Bay Area is established under the conditions of one country two systems three customs areas and three currencies . There is no precedent internationally and we have to be bolder in our ventures and attempts with a view to opening up a new pathway . Both Hong Kong and Macao need to pay attention to enhancing our inner capabilities and strive to generate new impetus for economic growth
事實上，在今年"兩會"結束後的中外記者招待會上，李克強總理回應提問時亦明確指出，即使港澳融入國家發展大局，中央仍然會堅持"一國兩制"、"港人治港"、"高度自治"的方針；內地和港澳在"一國兩制"下，會更好發揮各自優勢，形成互補，打造新的增長極。
In fact Premier LI Keqiang in response to a question asked in the press conference for local and overseas media after the conclusion of the Two Sessions this year also clearly said that notwithstanding the integration of Hong Kong economy into the overall development of the country the Central Authorities still adhered to the principles of one country two systems Hong Kong people administering Hong Kong and a high degree of autonomy . The Mainland and Hong Kong and Macao under one country two systems would all capitalize on our own edges to complement each other for the development of new areas of growth
因此，香港融入粵港澳大灣區發展，事實上是豐富了"一國兩制"的實踐。
Therefore the integration of Hong Kong into the development of the Greater Bay Area will actually enrich the implementation of one country two systems
此外，有議員擔心粵港澳大灣區的發展是否一個從上而下的規劃？是否我們完全被動？
Besides some Members are worried that the Greater Bay Area development will be a top - down planning exercise and that we will be totally passive
我認為，在大灣區內不同城市的角色定位，不是一個由上而下或"政府說了算"的事情。
In my view the roles or positioning of different cities in the Greater Bay Area cannot be simply imposed with a top - down approach or instantly established under an instruction by the government
因此，在一個區域發展的概念下，不同城市，包括港澳特區，按照各自的優勢互補，促進發展，這便是粵港澳大灣區的發展方向。
These are the comparative advantages really brought out by ourselves . Therefore under the concept of regional development different cities including the Hong Kong and Macao SARs will complement each other with their own edges in promoting development . This is the development direction of the Greater Bay Area
首先，大灣區包括廣東省9個城市和港澳特區，所以香港亦是在大灣區內；第二，我相信每個年青人都會循自己的興趣、學識和訓練，找到他們可以發展的地方，這可以是香港，可以是內地，可以是海外。
First of all the Greater Bay Area is made up of nine cities in Guangdong Province as well as Hong Kong and Macao SARs and so Hong Kong is also inside the Greater Bay Area . Secondly I believe every young person will find his place of development which can be Hong Kong the Mainland or overseas according to his own interests knowledge and training
最重要是了解機遇何在，以及這機遇究竟為何。
What is most important to them is to understand where and what the opportunities are
另一方面，留在香港發展亦很重要，我們更要發揮好"一國兩制"，更要發揮好香港目前的優勢所在，很需要人才在這方面發展。
On the other hand staying in Hong Kong for development is also highly important as we have to capitalize on the principle of one country two systems as well as the existing advantages of Hong Kong . We strongly need talents who develop in this regard
除概念外，在粵港澳大灣區的機遇和重點工作方面，簡單而言，粵港澳大灣區建設是探索發展新路向、開拓發展新空間、增添發展新 動力的重要機遇，對保持香港長期繁榮穩定有舉足輕重的作用。
Following my explanation of the concepts I will mention the opportunities and key areas of work of the Greater Bay Area . In brief the development of the Greater Bay Area represents significant opportunities to explore new direction of development open up new room of development and provide new impetus to development and is pivotal to the maintenance of Hong Kongs prosperity and stability in the long run
粵港澳大灣區有兩方面重要機遇，一方面可為香港培育經濟增長新動力，促進經濟產業多元發展，解決剛才有議員所指的瓶頸問題或產業單一化問題。
The Greater Bay Area can bring significant opportunities in two aspects . On one hand it can foster new impetus for Hong Kongs economic growth and promote diversified development of the economy and industries thus resolving the bottleneck problem or the problem of homogenous industry as mentioned by Members earlier on
另一方面，除了經濟發展或賺錢外，亦可透過建設大灣區成為一個優質生活圈，拓闊香港市民無論在就學、就業、創業或生活方面的空間和選擇，使大灣區成為香港廣闊的腹地。
On the other hand the Greater Bay Area apart from providing opportunities for economic development or profit making can also be developed into a quality living circle which will expand the space and choices for studying working starting business or living of Hong Kong residents and hence become a vast hinterland of Hong Kong
特區政府在推動大灣區建設基本上有3方面的工作重點。
In promoting the development of the Greater Bay Area the SAR Government basically has three key areas of work
第一是打造大灣區成為"國際科技創新中心"。
Firstly we strive to develop the Greater Bay Area into an international innovation and technology IT hub
在這方面，過去1年可看到特首在其兩份施政報告內，在創科方面都特別提出重要的發展方向、措施並投放資源，這正配合習主席所說的我們要練好自己的"內功"。
On this front we see that last year the Chief Executive especially mentioned in her two Policy Addresses some important development directions measures and the injection of resources in the IT area . They are precisely in line with the statement of President Xi that we have to strengthen our inner capabilities
另一方面，我們亦向中央爭取相關的政策，促進在科技方面的發展。
On the other hand we also ask the Central Authorities for the policies concerned so as to promote the development of science and technology
這些政策包括實現科研資金"過河"，跨境撥款，使香港的科研機構和科研人員可以使用內地的資金。
These policies include the realization of cross - boundary remittance of project funding for science and technological projects so that the scientific research institutions and personnel in Hong Kong can make use of funding from the Mainland
此外，我們與國家科學技術部及中國科學院簽署合作安排和備忘錄，加強內地與香港的科研合作，並設立"大灣區院士聯盟"等。
Furthermore we have signed a cooperation arrangement and a memorandum of understanding respectively with the national Ministry of Science and Technology and the Chinese Academy of Sciences with a view to enhancing the collaboration between the Mainland and Hong Kong in scientific research and have also set up the Greater Bay Area Academician Alliance
這些都是政策創新和突破，也締造良好的環境，讓我們可以發展創新科技。
All these are the results of policy innovation and breakthrough which help create desirable environment for us to develop innovative technologies
第二方面的重點工作是便利優勢產業落戶大灣區。
As regards the second key area of work we facilitate the development of industries in which Hong Kongs strengths lie in the Greater Bay Area
大灣區提供一個空間，供應土地、人才，讓我們的優勢產業能有進一步發展和開拓的空間，這包括了醫療產業、高等教育等方面。
The Greater Bay Area can provide space land and talents so that our industries enjoying competitive edge including health care industry and higher education can have room for further development and exploration
事實上，粵港澳大灣區如要成為優質生活圈，發展和培育優質的醫療人才和服務至關重要。
In fact if the Greater Bay Area is to be developed into a quality living circle it is highly important to nurture quality health care personnel and develop quality health care services
所以，我們的優勢產業如何落戶大灣區有賴我們的努力。
Therefore the development of industries in which Hong Kongs strengths lie in the Greater Bay Area will depend on our efforts
第三方面是透過政策的創新與突破，加強大灣區城市之間的互聯互通，包括人流、物流、資金流和信息流等各方面的工作。
Concerning the third key area of work through policy innovation and breakthrough we strengthen interconnectivity amongst cities in the Greater Bay Area including the work on enhancing the flow of people goods capital and information
這當然需要有政策突破、創新的工作。
And of course this requires policy breakthrough and innovation
在一些特定的範疇內，正如我剛才所言的創新科技，有議員提到我們吸引人才、留住人才、培訓人才的工作很重要。
In certain specific areas like IT as I just highlighted some Members mentioned the importance of our work in attracting retaining and training talents
特區政府非常重視這方面的工作，並投放資源和推出措施。
The SAR Government attaches great importance to this aspect of work and has injected resources and introduced some measures
以創科發展為例，為培育更多本地創科人才，創新及科技局已於本年8月推出"科技專才培育計劃"，當中的"博士專才庫"計劃，資助指定機構聘用博士後專才從事研發工作，而"再工業化及科技培訓計劃"，則資助本地企業人員接 受高端科技培訓，尤其是與"工業4.0"有關的培訓。
We may take IT development as an example . In order to nurture more local IT personnel in August this year the Innovation and Technology Bureau launched a Technology Talent Scheme under which the Postdoctoral Hub Programme aims at providing funding support for designated institutions to recruit postdoctoral talents for scientific research and development while the Reindustrialisation and Technology Training Programme aims at subsidizing local companies to train their staff in advanced technologies especially those related to Industry 4.0
在引入人才方面，特區政府於本年6月推出了"科技人才入境計劃"，為輸入海外和內地科技人才來港從事研發工作實施快速處理，以配合創科業界招攬人才的需要。
Regarding attraction of talents in order to meet the needs of the IT sector in getting talents the SAR Government rolled out a Technology Talent Admission Scheme in June this year to provide a fast - track arrangement for the admission of overseas and Mainland technology talents into Hong Kong for research and development work
所以，特區政府會繼續在吸引人才、培訓人才和挽留人才方面努力。
Therefore the SAR Government will continue to put more efforts in attracting training and retaining talents
此外，便利營商也是重要的環節。
Moreover trade facilitation is also an important area
專業服務是香港的強項，因此我們應該更好利用大灣區的發展來促進專業服務進入內地市場。
With professional services being the strength of Hong Kong we should make better use of the development of the Greater Bay Area to facilitate the entry of professional services into the Mainland market
在旅遊方面，當然大灣區建設是促進粵港澳三地旅遊發展的重要一環，讓大灣區可以擔任"一程多站"和"國際城市旅遊樞紐"的角色。
In terms of tourism the development of the Greater Bay Area surely plays a pivotal role in promoting tourism development among the three places of Guangdong Hong Kong and Macao consolidating the Greater Bay Areas position in multi - destination travel and as an International City cum Tourism Hub
今天在香港也舉行了旅遊論壇，討論粵港澳三地旅遊發展，而粵港澳大灣區的發展便是其中一個主題。
Today a tourism forum is also organized in Hong Kong to discuss the tourism development among the three places of Guangdong Hong Kong and Macao and the development of the Greater Bay Area is one of the topics of discussion
在金融方面，香港會發揮作為領先國際金融中心、全球離岸人民幣業務樞紐和國際資產及財富管理中心的優勢，為大灣區的企業提供多元化的金融服務，包括離岸人民幣業務、項目融資，以及風險、資產及資金管理等。
As regards financial services Hong Kong will capitalize on our advantages as the leading international financial centre global offshore renminbi business hub as well as international asset and financial management centre . It will provide the enterprises in the Greater Bay Area with diversified financial services including offshore renminbi business project financing as well as risk asset and fund management
在稅務安排上，我們會積極反映香港市民的關注與需要。
Concerning tax arrangements we will proactively reflect the concerns and needs of the Hong Kong people
事實上，就最近新修訂《中華人民共和國個人所得稅法》對港人的影響，財政部和國家稅務總局已作出正面回應。
In fact as regards the impact of the latest amendment to the Individual Income Tax Law on the Hong Kong people the Ministry of Finance and the State Administration of Taxation have already given a positive response
此外，有議員提到一些稅務政策如何在大灣區內實施，我們會跟內地商討，但我們必須考慮國家整體政策，並在大灣區內配合彼此的情況和需要，作出合適的做法。
Besides some Members are concerned how certain tax policies will be implemented in the Greater Bay Area and we will discuss this issue with the Mainland . Nevertheless in mapping out the appropriate approach we must consider the overall policies of the country and support the conditions and needs of each other in the Greater Bay Area
在便利措施方面，中央是很清晰的，就是會陸續出台一些便利港人在內地就學、就業、創業和生活的措施。
In terms of facilitation measures the Central Authorities are very clear in the policy of gradually rolling out some measures to assist Hong Kong residents in studying working starting business and living in the Mainland
在過去的1年，已陸續出台了這些措施，當中包括今年9月開始推出的居住證，讓在內地居住滿6個月的香港人依法享有3項權利、6項基本公共服務及9項便利。
Last year certain measures were gradually rolled out including the residence permits introduced in September this year . A Hong Kong resident who has been residing in the Mainland for six months can apply for a residence permit to be entitled to enjoy in accordance with the law three categories of rights six basic public services and nine facilitation measures
在推動粵港澳大灣區發展時，最重要是相關業界了解大灣區發展的機遇，提出發展建議，而政府則擔任一個"促成者"的角色，特別在政府對政府的政策創新和突破工作上，與廣東省政府和中央有關部委溝通，爭取措施和政策的落實。
In promoting the development of the Greater Bay Area it is of utmost importance that the industries concerned understand the development opportunities of the Greater Bay Area and put forward their development proposals while the Government plays the role of facilitator which especially in seeking Government - to - Government policy innovation and breakthrough will maintain communication with the Government of Guangdong Province and the related ministries and committees of the Central Authorities so as to strive for implementation of the measures and policies
局內亦將成立粵港澳大灣區發展辦公室，稍後亦會尋求立法會財務委員會支持開設粵港澳大灣區發展專員的職位。
Our Bureau will set up a Greater Bay Area Development Office and will later seek support from the Finance Committee of the Legislative Council in creating the position of Commissioner for the Development of the Greater Bay Area
我們希望能獲得議會的支持，使我們能更有效地推進有關粵港澳大灣區建設的工作。
We hope to gain support from the Council so that we can take forward the development of the Greater Bay Area effectively
主席，我們會繼續與立法會議員、業界、商會、專業團體和相關持份者保持緊密聯繫，就如何有效推進大灣區建設聽取意見，使相關措施能更切合社會各界的需要。
President we will continue to maintain close liaison with Legislative Council Members the industries trade associations professional bodies and the stakeholders concerned and listen to their views on how to take forward the development of the Greater Bay Area effectively so that the related measures can better meet the needs of various sectors of society
特區政府會做好"促成者"的角色，與內地政府商討，協助業界爭取在拓展機遇過程中做好政策創新和突破的工作。
The SAR Government will endeavour to play the role of facilitator and discuss with the Mainland Government with a view to assisting the industries in striving for development opportunities and in the process seeking policy innovation and breakthrough
主席，有議員亦提到，今次的職務考察為議員提供很好的機會，讓跨黨派的議員了解到粵港澳大灣區的發展、內地的發展。
President some Members also mentioned that this duty visit has given a good opportunity for Members across various political parties to understand the development of the Greater Bay Area and the Mainland
亦有議員提議，希望日後能有相關的職務考察，到內地不同地方了解國家的發展。
Some Members also suggested organizing similar duty visits in future to different places in the Mainland for better understanding of the countrys development
就此方面，特區政府，特別是政制及內地事務局，一定會做好我們的配合工作，做好"促成者"的角色，只要議會或議員希望到內地進行職務考察，我們一定全面配合。
In this regard the SAR Government especially the Constitutional and Mainland Affairs Bureau will certainly do our best to render our support and play the role of facilitator . As long as the Council or Members want to have duty visits to the Mainland we will surely render our support in a comprehensive manner
林健鋒議員，你還有1分1秒答辯。
Mr Jeffrey LAM you still have one minute one second to reply
為了讓小組委員會有足夠時間向內務委員會報告其審議結果，我謹以小組委員會主席的身份，動議將該項附屬法例的審議期限延展至2019年1月9日。
To allow sufficient time for the Subcommittee to report its deliberations to the House Committee I move in my capacity as Chairman of the Subcommittee that the scrutiny period of the subsidiary legislation be extended to 9 January 2019
主席，小組委員會在10月4日曾經開會。
President the Subcommittee met on 4 October
大多數出席委員均支持政府的公告，即是將香港大學的馮平山樓、儀禮堂及梅堂列為法定古蹟。
The majority of the members who were present supported the Governments Notice to declare that Fung Ping Shan Building Eliot Hall and May Hall of the University of Hong Kong be historic buildings
同時，委員大多數關注這數幢建築物在成為法定古蹟後，會否獲得足夠的支援。
Meanwhile the majority of members were concerned whether these buildings would get enough support after being declared as historic buildings
委員特別提問，古物古蹟辦事處或發展局有否向有關法定古蹟提供金錢和資源上的資助。
Members particularly asked if the Antiquities and Monuments Office or the Development Bureau would provide assistance in terms of money and resources to the relevant historic buildings
是的，主席，我只是說出內容。
Certainly President . I just spoke on the content
所以，當時小組委員會建議延展決議案，讓委員能夠察悉最新 的資料，並且有足夠時間，令小組委員會各委員在有需要時提出修訂建議。
Therefore the Subcommittee at that time suggested moving an extension resolution to allow its members to study the latest information and have sufficient time to raise amendment proposals when necessary
主席，我最後懇請議員支持議案。
President lastly I implore Members to support this motion
根據《逃犯條例》就延展於2018年12月5日提交本會省覽的《逃犯令》的廢除期限而動議的擬議決議案。
Proposed resolution under the Fugitive Offenders Ordinance to extend the period for repealing the Fugitive Offenders France Order which was laid on the table of this Council on 5 December 2018
現時香港金融管理局建議連中小型金融機構也受香港處置制度下吸收虧損能力規則的規限，這明顯是偏離了政策原意。
The current proposal of the Hong Kong Monetary Authority HKMA that even small and medium financial institutions should be subject to the loss - absorbing capacity LAC requirements under the resolution regime of Hong Kong is obviously a departure from the policy intent
金管局又指中小型金融機構倒閉會影響有存款的客戶，這意味現時存款保障計劃並不完善，但為何不是檢討和改善存款保障計劃，而是用另一條根本目的不同而且不相關的規則來遷就呢？
HKMA indicated in addition that the failure of small and medium financial institutions would affect customers with deposits . This implies that the existing Deposit Protection Scheme is imperfect . Then why do we not review and improve the Scheme but instead use another rule with fundamentally different objectives to accommodate the situation?
其實，金管局在金融風暴之後大幅增加了銀行的資本要求和風險管理要求，使銀行經營成本增加。
In fact HKMAs significant tightening of the capital requirements and risk management requirements on banks in the wake of the financial storm has resulted in higher operating costs for banks
現時，一間中型銀行隨時有數百人負責合規要求的工作，即compliance requirement，使成本大幅增加，令香港銀行的資本充足率、流動現金比率大幅提升。
At present it is not uncommon for a medium bank to have hundreds of staff to deal with compliance requirements hence a big cost hike . Consequently the capital adequacy ratios and liquidity ratios of the banks in Hong Kong have increased considerably
其實很多銀行已超過金管局的要求，所以香港的銀行非常穩健，但LAC的要求涉及巨大成本，反而削弱了銀行的經營基礎，使其更易出問題。
In fact the banks in Hong Kong are in very sound condition as many have exceeded HKMAs requirements . However on the contrary the huge costs incurred to the banks by the LAC requirements weaken their foundation for operation and make them more prone to problems . HKMA pointed out that the average cost of issuance of Tier 2 capital instruments in October 2017 was slightly less than 4 % but it is now 2018 and the global economy is headed towards crisis
金管局指出，2017年10月時發行二級資本票據平均成本略低於4%，但現時已是2018年，全球經濟亦走向危機，我估計香港的樓市、股市將會下跌，息口亦不斷攀升，這情況跟2017年金管局進行研究時相去甚遠，包括社會環境、利率、成本等，已大不相同，我覺得金管局應該重新研究實際的成本，以免錯判形勢，無端要中小銀行承受這錯判的影響，令他們的成本大幅增加。
I predict that Hong Kongs property and stock markets will fall and the interest rate will keep rising . This situation is a far cry from that when HKMA conducted the study in 2017 in terms of social environment interest rate cost and so on . I think HKMA should re - examine the actual costs so as to avoid misjudging the situation and thus unjustifiably causing small and medium banks to bear the brunt of a significant increase in their costs