Borrison/hk-legicost huggingface dataset:
我建議政府全面檢視科學園、數碼港、港深創新及科技園，現時本港已落實規劃的3個項目的定位 和分工，制訂更完善、更具規劃、更有利香港長遠發展的創新科技策略。
I suggest that the Government should make a comprehensive review of the Science Park Cyberport and Hong KongShenzhen Innovation and Technology Park and that it should also review the positioning and the division of work of the three projects already with concrete planning with a view to mapping out a better and more well - planned innovation and technology strategy that is more beneficial to the long - term development of Hong Kong
今年是香港特別行政區成立20周年，意義重大。
This year is a year of great significance since it marks the 20 anniversary of the establishment of the Hong Kong Special Administrative Region
回望過去20年，香港金融業的深度和廣度不斷擴展。
The financial sector of Hong Kong has been expanding both in depth and width over the past 20 years
作為環球領先的融資中心，香港聯合交易所的首次公開招股集資額於2015年及2016年連續兩年均為 全球第一，過去20年集資總額近3萬億元。
As a world leading financing centre the Stock Exchange of Hong Kong ranked first globally in terms of funds raised through initial public offerings IPOs for two consecutive years in 2015 and 2016 and the total amount of funds raised in the past 20 years were close to 3 trillion
上市公司數目由1997年的658家增至去年年底的1,973家，總市值也升近7倍至約25萬億元。
The number of listed companies also increased from 658 in 1997 to 1 973 at the end of last year boosting the total market value by almost seven fold to about 25 trillion
香港也是首屈一指的資產管理樞紐。
Hong Kong is also a premier wealth and asset management hub
2015年，基金管理業務合計資產總值達17萬億元，是10年前的4倍，當中七成的資金來自非本地投資者，足見在海外投資者眼中，香港是理想的資產管理平台。
In 2015 the total asset value of the fund management business amounted to 17 trillion which is four times of the amount recorded 10 years ago and 70 % of the funds came from non - local investors which serves to prove that Hong Kong is an ideal asset management platform in the eyes of overseas investors
在保險業方面，毛保費總額在2005年至2015年期間增長兩倍至3,700多億元；本港保險密度也是亞洲之冠，人均保費達49,000元。
As for the insurance business the total gross premium saw a two - fold increase to over 370 billion during the period from 2005 to 2015 and the insurance penetration of Hong Kong ranks first in Asia with a per capita premium of 49,000
香港人民幣交易和投融資活動亦具領導地位。
Hong Kong has also taken a leading position in Renminbi RMB business and RMB investment and financing activities
國際結算銀行去年公布的外匯市場調查結果顯示，本港的人民幣外匯交易量穩居離岸市場首位，日均人民幣外匯交易相等於770億美元。
According to the survey results on foreign exchange market turnover announced by the Bank for International Settlements last year Hong Kong ranked top among offshore markets in terms of the volume of RMB foreign exchange transactions and the daily average turnover of RMB foreign exchange transactions was US77 billion
香港市場提供多種人民幣產品，配合內地和香港資本市場的多個互聯互通安排，讓本地及國際投資者在無需申請額度下直接投資內地基金及上市股票，亦令香港的人民幣投資產品種類更豐富。
A number of RMB products are currently available in the Hong Kong market and together with the arrangements to maintain the mutual access of Hong Kong and the Mainland capital markets local and international investors can invest directly in Mainland funds and listed stocks without the need to apply for any quotas . This has also helped to provide a diversified choice of RMB investment products
建基於金融業的良好基礎，政府將積極與監管機構及業界合作推行多項措施，推動市場發展，務求增強香港作為國際金融中心的競爭力。
Given the sound basis of our financial industry the Government will cooperate with regulatory bodies and trade members to proactively implement a number of measures to promote market development with a view to enhancing Hong Kongs competitiveness as an international financial centre
唯我們亦留意到外圍經濟及貨幣環境不明朗，金融市場及資金流向可能會不時出現波動。
However it has also come to our attention that due to the uncertainties in the external economy and monetary environment the financial market and capital flows may fluctuate from time to time
政府在推動金融業發展的同時，也會致力確保市場能有序運作。
While promoting the development of the financial industry there is also a need for the Government to strive to ensure the orderly operation of the market
作為國家的首要金融中心及投融資平台，香港必須把握"十三五"規劃及"一帶一路"所帶來的機遇，擔當國家與"一帶一路"沿線經濟體的重要橋樑，並支持國家金融市場的進一步改革和開放。
As the countrys foremost financial centre and investment and financing platform Hong Kong should grasp the opportunities brought by the National 13 Five - year Plan and the Belt and Road Initiative perform the role as an important bridge linking China and other Belt and Road economies and support the further reform and opening up of the financial markets in the Mainland
香港金融管理局已於去年7月成立基建融資促進辦公室，至今已共有超過60間來自內地、海外及本港的機構加入IFFO成為合作夥伴，共同促進基建投資及融資。
Since the establishment of the Infrastructure Financing Facilitation Office IFFO by the Hong Kong Monetary Authority HKMA in July last year a total of over 60 Mainland overseas and local organizations have so far joined IFFO as partners in facilitating infrastructure investments and their financing
深港通於去年12月開通，加上2014年開通的滬港通和2015年實施的內地與香港基金互認安排，令本港的人民幣投資產品進一步多元化，有利人民幣國際化及鞏固香港作為全球離岸人民幣業務樞紐的地位。
The Shenzhen - Hong Kong Stock Connect was launched in December last year and together with the Shanghai - Hong Kong Stock Connect launched in 2014 and the Mainland - Hong Kong mutual recognition of funds arrangement implemented in 2015 RMB investment products available in Hong Kong have been further diversified thus creating a favourable environment for promoting RMB internationalization and strengthening Hong Kongs status as the global offshore RMB business hub
為加強香港作為資產管理中心的地位，我們會繼續透過不同措施吸引更多及不同類型的基金以香港為基地發展業務。
In order to strengthen Hong Kongs status as an asset management centre we will continue to attract with different measures a greater number and variety of funds to base their business development in Hong Kong
例如，證券及期貨事務監察委員會於去年12月與瑞士達成協議，讓合資格的公募基金可經簡化的程序在對方市場直接銷售予公眾投資者。
For example the Securities and Futures Commission SFC entered into an agreement with the Swiss authorities in December last year so that eligible public funds would be allowed to gain direct access to the investing public in the market of the other side through a streamlined process
證監會正與其他數個歐洲監管機構商討類似安排，希望能早日達致類似協議。
SFC is now negotiating similar agreements with several other regulatory authorities in Europe with a view to entering into similar agreements with them as early as possible
另外，我們亦正積極準備落實開放式基金型公司制度的工作。
Besides we are also working actively on the introduction of the open - ended fund company regime
以上措施將鞏固香港資產管理業的優勢、令我們的基金註冊平台更多元化，並擴大香港基金業的銷售網絡。
These measures will help to enhance the competitive edge of the asset management industry in Hong Kong diversify our fund domiciliation platform and expand the fund distribution network of our fund industry
人才培訓亦是金融業可持續發展的重要一環。
Personnel training is also one of the important factors affecting the sustainable development of the financial industry
就此，我們已於去年8月起分階段推行為期3年的先導計劃，為保險業及資產財富管理業培訓人才。
In this connection a three - year pilot programme was launched by phases in August last year to provide talent training for the insurance sector and the asset and wealth management sector
我們希望透過這些項目加深社會，特別是學生，對這兩個界別內不同工種性質和晉升前景的認識，吸引新人入行，並提升現有從業員的專業水平。
We hope that the initiatives rolled out under the programme would enable the community particularly students to have a better understanding of the nature and career prospects of different jobs in the two sectors; attract new entrants; and enhance the professionalism of existing practitioners
金融科技應用也是提升行業競爭力的要素。
The application of financial technology Fintech is also a key element to enhance the competitiveness of the sector
我們會進一步完善本港金融科技生態環境，建立人才庫，推動金融機構及初創企業推出更多可帶來嶄新理財體驗和提高營運效率的方案。
We will further enhance the local Fintech ecology build a pool of talent and encourage financial institutions and start - ups to introduce more initiatives that would produce new experience in financial management and improve operational efficiency
其中在支付服務方面，金管局已發出合共13個儲值支付工具牌照，令市民有更多元化的選擇。
Regarding payment services HKMA has already granted a total of 13 Stored Value Facility licences so as to offer more diversified choices to the public
政府也會支持業界與科研和監管機構的網絡安全和區塊鏈研究項目，使香港能成為採用並訂立尖端金融科技標準的樞紐。
Financial support will also be provided by the Government to the relevant sector research institutes and regulatory authorities for undertaking research projects on cyber security and Blockchain technology so as to establish Hong Kong as a hub for the application and setting of standards for cutting - edge Fintech
代理主席，我想就政府推動金融業發展的政策及角色作一些闡述，以回應議員的意見。
Deputy President in response to the views expressed by Members I would like to make some elaboration on the policies adopted and the role played by the Government in promoting the development of the financial industry
在推動金融發展方面，我們的工作可分為4個主要範疇： 第一，透過政策聯繫開拓市場。
Our work in promoting financial development can be classified into the following four major areas Firstly the promotion of market development through policy liaison
金融業是高度受規管的行業，故此任何發展金融市場的工作，均會觸及監管制度及法規，亦自然牽涉政府層面及監管機構層面的緊密政策聯繫。
The financial industry is highly regulated industry and thus any attempts to develop the financial market will inevitably involve regulatory regimes and regulations and also close policy liaison between the Government and regulatory bodies
透過我們與內地政府及監管機構的溝通，我們過去落實了多項發展市場的新措施，例如與內地 市場的互聯互通機制、與內地基金互認安排及離岸人民幣市場的發展等。
After communications with the relevant authorities and regulatory bodies in the Mainland we managed to implement a number of new measures on market development in the past such as the mutual access between the Mainland and Hong Kong stock markets Mainland - Hong Kong mutual recognition of funds and the development of the offshore RMB market
同樣地，我們與監管機構在開拓海外市場方面亦擔當了主導角色。
Similarly we have also played a leading role with regulatory bodies in developing overseas markets
我剛才提及，證監會就公募基金銷售與瑞士達成的協議，便是最近的例子。
A recent example I mentioned earlier is the agreement which SFC has entered into with the Swiss authorities on the sales arrangements of public funds
第二，正如我剛才提及，金融業是高度受規管的行業，而我們的監管制度亦必須與國際的監管標準配合，並得到其他監管機構及國際組織的認同，否則我們無法保持香港國際金融中心的地位。
Secondly as I have just said the financial industry is a highly regulated industry and it would be necessary for our regulatory regimes to comply with the international regulatory standards and obtain recognition from other regulatory bodies and international organizations otherwise we would not be able to maintain Hong Kongs status as an international financial centre
政府及監管機構的角色，就是要在符合國際監管標準的前提下，探討有利於本地金融市場的發展。
The Government and regulatory bodies should take up the role of exploring development directions that are conducive to the local financial market while striving to comply with the international regulatory standards
第三，我們需要因應市場的改變或因捕捉新機遇而作出相應的監管配合，以發展新的金融服務。
Thirdly corresponding regulatory efforts will have to be made in response to market changes or the need to grasp new opportunities so as to develop new financial services
故此我們在推動私募基金、交易所買賣基金、公司型開放式基金等政策方面做了不少工作。
Hence much has been done in areas such as the formulation of policies on promoting private equity funds exchange traded funds and open - ended fund company structure
第四，推廣市場，讓國際及內地投資者知道香港的優勢，吸引他們來港發展。
Fourthly market promotion would be needed to keep international and Mainland investors informed of our competitive edge and induce them to come and develop in Hong Kong
要推動金融發展，政府、監管機構和業界各有角色，需要互相配合。
In order to promote financial development the Government regulatory bodies and the sector itself have to play their respective roles and complement each other
監管機構方面，除監管外，發展市場亦是工作重點，例如離岸人民幣業務的發展、基金互認安排、基建融資促進辦公室等，都是監管機構積極發展市場的工作。
As far as regulatory bodies are concerned apart from discharging their regulatory functions market development is also one of their major areas of work and some examples to illustrate their active participation in market development are the development of offshore RMB business mutual recognition of funds the establishment of IFFO and so on
政府的角色則是訂立政策，在政府與政府層面聯繫，以及協調監管機構的工作。
The Government plays the role of policy formulation contacting other authorities at the government level and coordinating the works of regulatory bodies
至於業界，他們的聲音非常重要，因為業界緊貼自身市場，在市場機遇和操作方面可給予寶貴意見，令政策切實可行。
As for members of the sector their views are very important because they have sound knowledge of the latest market trends and will be able to offer valuable views in such areas as market opportunities and operations thus ensuring the practicability of policies formulated
所以一直以來，要發展金融三者角色缺一不可，而政府有必要扮演主要角色。
Hence contributions from all of the three parties are indispensable for the development of financial industry and the Government has to play a leading role
香港金融發展局由本屆政府成立，是一個高層次的跨界別諮詢組織，就如何推動香港金融服務業的發展提出建議。
The Hong Kong Financial Services Development Council FSDC established by the current - term Government is a high - level cross - sector advisory body which offers suggestions on how we should promote the development of our financial services industry
金發局集結了業界精英，讓他們通過與政府及監管機構的互動，主動提出對金融發展的建議。
FSDC comprises elite members of the sector and through their interactions with the Government and regulatory bodies they will proactively offer suggestions on financial development
這比以往由個別業界提出意見，遊說政府及監管機構更有效率。
This is a more efficient approach than what was adopted in the past when proposals were put forward by individual members of the sector who would then try to lobby the Government and regulatory bodies themselves
金發局亦把這些建議寫成報告，令政府及監管機構有跟進政策研究的堅實基礎；而業界亦同時可以跟進政府如何落實建議。
FSDC has also released a series of reports to illustrate the suggestions they have made so as to provide a sound basis for the Government and regulatory bodies to follow up on the findings of its policy researches and for members of the sector to follow up the Governments implementation of the relevant suggestions
這個高層次的諮詢平台，透明度高，亦加快我們就金融政策的討論，以便及早落實可行建議。
This high - level advisory platform is highly transparent and can expedite our discussions on financial policies for early implementation of feasible proposals
政府與監管機構、金發局，以至整個業界一向有正面的互動。
The Government has all along engaged in positive interactions with regulatory bodies FSDC and the entire sector
就金發局所寫的報告，財經事務及庫務局一直有參與討論，故此報告有政策基礎。
Regarding the reports prepared by FSDC the Financial Services and the Treasury Bureau has all along participated in the relevant discussions thus ensuring the policy basis of the reports released
就施政報告表列的26份報告書，政府十分重視金發局的建議，我作為財經事務及庫務局局長，亦非常清楚這些報告的內容。
With regard to the 26 reports listed in the Policy Address I have to say that the Government has attached great importance to the suggestions offered by FSDC and as the Secretary for Financial Services and the Treasury I also have a very clear understanding of the contents of these reports
剛才議員談及政府如何跟進這些報告，我剛才看着電腦屏幕作了點算，在26份報告書中，有23份報告書符合我們的政策方向，政府有正面跟進，而大部分的建議亦已經落實。
Some Members have raised the question of how the Government would follow up the suggestions contained in these reports and I have checked the list of reports on my computer screen just now and found that of the 26 reports released 23 reports contain suggestions which dovetail with our policy directions . The Government has positively followed up the suggestions contained in these reports and most of them have already been implemented
代理主席，政府非常重視金發局與業界的意見，因為以往很多金融政策都是政府、監管機構及業界三方互動的成果。
Deputy President the Government attaches very great importance to the views of FSDC and the sector since many financial policies formulated in the past were results of the interactions among the three parties of the Government regulatory bodies and the sector
除研究本地金融服務業的發展，金發局的另一功能是協助推廣香港金融業。
Apart from examining the development of local financial services industry another function of FSDC is to assist in the promotion of our financial industry
金發局透過其來自業界不同界別的成員，與香港金融業團體緊密聯繫，並致力通過參與研討會和路演等活動在內地和海外推廣香港的金融服務業。
With the assistance of its members from different fields of the sector FSDC has maintained close liaison with organizations of the local financial sector and is committed to promoting the financial services industry of Hong Kong in the Mainland and overseas through its participation in different activities like seminars and roadshows
業界過往一直有參與推廣工作，但金發局作為一個高層次的平台，代表業界進行推廣可增加公信力，而金發局亦積極參與論壇、路演、外訪等活動，與外地業界保持良好的聯繫。
Although members of the sector have also been taking part in such promotion work credibility could be enhanced if FSDC as a high - level platform could participate in the promotion on behalf of the sector . In this connection FSDC has played an active part in activities such as seminars roadshows and overseas visits so as to maintain good communication with members of the relevant sectors overseas
2017年施政報告特別提到會繼續向金發局提供所需資源，並全力支持金發局的工作。
It is specially stated in the 2017 Policy Address that the Government will continue to provide FSDC with the necessary resources and fully support its work
此外，政府亦會邀請香港貿易發展局和金發局協作，利用貿發局在內地和海外的廣泛網絡和資源，以及透過業內主要人士的參與，加強推廣香港的金融服務業。
Besides the Government will also request the Hong Kong Trade Development Council TDC to collaborate with FSDC with a view to strengthening the promotion of our financial services industry through TDCs extensive network and resources in the Mainland and overseas and the participation of principal members of the sector
最後，提到市場質素，穩健的監管制度是香港作為國際金融中心的優勢，故此我們會密切留意國際和本地的發展，致力提升本地金融市場的質素。
Finally let me say a few words about the issue of market quality . A robust regulatory regime is the competitive edge of Hong Kong as an international financial centre . Hence we will keep a close watch on international and local development and strive to enhance the quality of our financial market
有好幾位議員就本港證券市場質素，以及現行上市平台及監管架構能否應對市場的迅速發展，表達了意見。
Several Members have expressed their views on the quality of the local securities market and whether the existing listing platform and regulatory framework can keep abreast of the rapid development of the market
政府歡迎上市平台的進一步發展，提升我們的競爭力，也一直十分關注市場質素問題，並支持證監會致力透過監管及執法工作，打擊違規行為。
The Government welcomes the further development of the listing platform as it can enhance our competitiveness but we have always been very concerned about market quality issues and we support SFCs monitoring and law enforcement efforts in combating malpractices
在今年1月，為針對創業板新上市股份進行配售的情況，證監會就中介應達到的操守標準發出指引，以及聯同香港交易所就申請人及中介的角色發出聯合聲明。
With regard to IPO placings in the Growth Enterprise Market SFC has issued a set of guidelines on the expected standards of conduct of intermediaries and a joint statement with the Hong Kong Exchanges and Clearing Limited HKEx regarding the roles of applicants and intermediaries in January this year
此外，證監會及香港交易所去年就"建議改善上市決策及管治架構"進行聯合諮詢，目的是令上市監管架構及流程更能應對市場迅速的發展。
In addition SFC and HKEx jointly conducted a consultation on proposed enhancements to the decision - making and governance structure for listing regulation last year . The consultation sought to enable the listing regulatory structure and procedures to better respond to rapid developments in the market
兩所機構收到很多意見書，現正審慎地考慮及分析有關意見。
A large number of submissions have been received and SFC and HKEx are considering and analysing the views carefully
代理主席，我謹此陳辭，請議員支持本年度的施政報告。
With these remarks Deputy President I urge Members to support the Policy Address this year
第一個辯論環節結束。
The first debate session ends
代理主席，我發言支持今天的致謝議案。
Deputy President I speak in support of the Motion of Thanks today
行政長官梁振英先生已決定不爭取連任，所以這可說是他特首任內最後一份施政報告。
The Chief Executive Mr LEUNG Chun - ying has already decided that he would not seek re - election and thus this is the final Policy Address he delivered in office
報告的篇幅和內容，看來都較以往更豐富和全面，可視為本屆政府5年來的一份工作總結。
It seems that the Policy Address is delivered in greater length and with richer and more comprehensive contents and it can be regarded as a summary of the work of the current term Government in the last five years
當中對香港社會的深層次矛盾問題，包括房屋、人口老化、退休保障和醫療衞生服務等各方面，都有專門和詳盡的論述。
Specialized and detailed discussions have been provided on problems caused by the deep - rooted conflicts in the society of Hong Kong in such areas as housing ageing population retirement protection health care services and so on
事實上，上述除回歸20周年的慶祝活動可於今年對旅遊業帶來提振作用之外，其他內容均屬長遠規劃。
As a matter of fact apart from the events proposed for the celebration of the 20 anniversary of Hong Kongs return to the Motherland which can create a stimulus effect for the tourism industry in the coming year long - term planning would be required for other initiatives
當中"飛躍啟德"計劃已提出多年，"啟德旅遊中樞"只能算是其中一部分，不算是新項目。
Among them Kai Tak Tourism Node is a part of the Kai Tak Fantasy project proposed years ago rather than a new initiative
此外，施政報告內也沒有提出切實的短、中期措施，支援旅遊業的發展。
Furthermore practical measures in the short and medium term are not available in the Policy Address to support the development of the tourism industry
反觀在其他非關旅遊業的章節中，散落了不少有助旅遊業發展的相關元素，當中包括： 第一，開放簽證安排。
On the contrary in other parts and paragraphs of the Policy Address which have nothing to do with tourism we can find quite a number of initiatives which are conducive to the development of the tourism industry and these include Firstly the relaxation of visa requirements
上述8個項目均與旅遊業息息相關，但卻分散在施政報告的不同章節內，由不同政策局負責。
The above eight initiatives are closely related to the tourism industry but they are included in different parts and paragraphs of the Policy Address and will be taken forward by different Policy Bureaux
試想一下，如設有一個旅遊局，上述設施便會反映在統籌旅遊的資源上，而且可以啟發出更多、更寬的旅遊規劃思路。
Just imagine if a Tourism Bureau is established the initiatives mentioned above will be collectively reflected in the coordination of tourism resources and more tourism planning in a wider sense can be inspired
代理主席，不少國家和地區都設有旅遊局，負責旅遊統籌、規管和推廣工作，香港現時卻由旅遊事務署、香港旅遊業議會和旅發局3個機構分別負責，將來即使成立旅遊監管局，也只是負責監管，解決不了旅遊規劃的問題。
Deputy President a Tourism Bureau can be found in many countries and places to coordinate regulate and promote the development of tourism but such duties are now respectively taken up by three organizations in Hong Kong namely the Tourism Commission the Travel Industry Council of Hong Kong and HKTB . The Travel Industry Authority TIA proposed to be established will only be tasked with trade regulation and issues concerning tourism planning will not be addressed
所以，業界普遍要求成立旅遊局，希望政府可以積極考慮。
Hence trade members generally call for the setting up of a Tourism Bureau and hope that the Government would give active consideration to the proposal
可是，在目前情況下，旅遊監管局的成立已是既成事實，為使旅遊業可以健康發展，我們希望政府考慮設立跨政策局的高 層次委員會，負責協助、協調不同政策局，統籌與旅遊相關的項目，以便這些旅遊項目能以最大程度發揮最大作用，而非像現時般，各政策局在推行政策時各自為政，缺乏溝通而欠缺統籌。
However under the current circumstances the setting up of TIA is an established fact . In order to ensure the healthy development of the tourism industry we hope that the Government would consider establishing a cross - bureaux and high - level committee to assist and coordinate the work of different Policy Bureaux in taking forward various tourism - related projects so that these projects will achieve the greatest effectiveness to the largest extent . Various Policy Bureaux should not be allowed to maintain the existing practice of going their own way without communication and coordination during policy implementation
代理主席，有關旅遊監管局的條例已開始進入立法程序，是次立法工作將對旅行社、領隊和導遊的發牌和規管架構帶來巨大轉變，亦將會影響旅行社的經營生態。
Deputy President the legislative process of the proposed ordinance on the establishment of TIA has already commenced . The legislative exercise will bring about tremendous changes to the licensing and regulatory regimes for travel agencies tour escorts and tourist guides and create great impacts on the business ecology of travel agencies
我希望在立法過程中，當局要繼續聽取業界聲音，使法例在得以發揮監管作用的同時，又不會窒礙業界發展，甚至可收支援旅遊業可持續發展之效。
I hope the Government would continue to listen to the views expressed by the industry during the legislative process so that the proposed ordinance will accomplish the intended regulatory effects while at the same time will not stifle the development of the trade and will even be able to achieve the effect of supporting the sustainable development of the tourism industry
過去兩年，旅遊業受到不同程度的衝擊，香港的經濟和就業都受到直接影響。
The tourism industry of Hong Kong has been exposed to various degrees of challenges in the last two years thus affecting directly the economy and employment situation of Hong Kong
我們希望下屆政府多關心旅遊業的發展，不要一方面說旅遊業是四大經濟支柱之一，另一方面卻說無能為力。
It is our hope that greater importance will be attached by the Government of the next term to the development of the tourism industry . The Government should not find excuses of not doing anything about it on the one hand while emphasizing on the other hand that the tourism industry is one of the four economic pillars of Hong Kong