Open auctions for public market stalls to be held in August
The Food and Environmental Hygiene Department (FEHD) announced today (August 1) that open auctions for a total of 276 stalls in 37 public markets will be held in August.
The retail commodities allowed for sale in these stalls cover cooked food, frozen meat, fresh meat, fish, fruits, vegetables, ready-to-eat food, food-related dry goods and wet goods, non-food related dry goods and wet goods, service trades (including manicures, beauty and Chinese medicine practitioners), siu mei and lo mei, etc. The tenancy agreement is a three-year fixed term from September 1, with no right of renewal upon expiry of the tenancy agreement. The upset prices of the monthly rent of the stalls vary depending on the sizes, locations and vacancy periods of the individual stalls. The upset prices for the stalls in an open auction will be initially fixed at 80 per cent of the open market rent (OMR) if the stalls have been vacant for over six months, and at 60 per cent of the OMR if the vacant period has been over eight months. Relevant information is available on the FEHD website.
A spokesman for the FEHD said, "Bidders for the market stalls must be at least 18 years old and ordinarily reside in Hong Kong. To allow more people to bid for the stalls and increase customer choices by enhancing the diversity in terms of the variety of stalls, there will be a restriction on the number of stalls to be rented in the same market by a single tenant. Any person who is currently a stall tenant is not allowed to bid in the first round of auction for any stall in the same market, and will only be allowed to bid for one stall in the second round of auction. The existing tenants under the new three-year fixed term tenancy scheme (i.e. those persons who became stall tenants through the market open auctions after August 2022) are allowed to bid for a stall in the same market in the auction, but shall deliver vacant possession of the current stall to the FEHD before the effective date of commencement of the tenancy agreement. The terms and conditions of the auctions have been uploaded to the FEHD website, with details of qualifications of the bidders listed."
The date of the auctions and the number of stalls are as follows:
New Territories (1)
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Auction date: August 9 (Friday) (am)
Number of stalls: 49
New Territories (2)
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Auction date: August 9 (Friday) (pm)
Number of stalls: 50
Kowloon (1)
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Auction date: August 13 (Tuesday) (am)
Number of stalls: 42
Kowloon (2)
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Auction date: August 13 (Tuesday) (pm)
Number of stalls: 40
Hong Kong Island (except Aberdeen Market)
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Auction date: August 14 (Wednesday) (am)
Number of stalls: 77
Aberdeen Market
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Auction date: August 14 (Wednesday) (pm)
Number of stalls: 18
The open auctions will be held at Room 410, 4/F, Food and Environmental Hygiene Department Nam Cheong Offices and Vehicle Depot, 87 Yen Chow Street West, Kowloon. Limited seats are available on a first-come, first-served basis. The admission tickets will be issued 30 minutes prior to the commencement of each auction. Persons who want to attend the auctions must wait at the waiting area of the auction venue and produce their Hong Kong identity card or passport for registration. The registered person will then be provided with an admission ticket for the auctions. In addition, eligible bidders after verification will be issued with a bidding paddle for the auction. The FEHD has also invited representatives of the Police and the Independent Commission Against Corruption to monitor the auctions at the auction venue in order to ensure that the open auctions are conducted in an orderly and fair manner.
Details of the open auctions and the public market stalls concerned (including stalls for open auction at reduced upset prices) have been uploaded to the FEHD website (www.fehd.gov.hk/english/pleasant_environment/tidy_market/open_auction_coming.html). Bidders interested in the auctions may visit the department website or contact the respective District Environmental Hygiene Office.
Source: AI-generated images
InvestHK promotes Hong Kong's advantages as multinational supply chain management centre during CIFIT
Invest Hong Kong (InvestHK) hosted a seminar at the 24th China International Fair for Investment and Trade (CIFIT) in Xiamen, Fujian Province, yesterday (September 8), encouraging Mainland enterprises to make use of Hong Kong's advantages as a multinational supply chain management centre to expand overseas amid the Belt and Road Initiative and the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) development.
Entitled Hong Kong as a multinational supply chain management centre for Mainland enterprises, the seminar was organised by InvestHK, the Commercial Office of the Economic Affairs Department of the Liaison Office of the Central People's Government (LOCPG) in the Hong Kong Special Administrative Region (HKSAR), the Hong Kong Economic and Trade Office in Guangdong, and the Department of Commerce of Fujian Province. It was co-organised by the China Council for the Promotion of International Trade Xiamen Committee, the Federation of Industry and Commerce of Xiamen (General Chamber of Commerce) and the China Council for the Promotion of International Trade, Quanzhou Committee. The seminar began with remarks from Associate Director-General of Investment Promotion Dr Jimmy Chiang and the Deputy Director-General of the Economic Affairs Department and Head of the Commercial Office of the LOCPG in the HKSAR, Mr Zhou Qiang, as well as Vice Chairman of the Xiamen Municipal Committee of the Chinese People's Political Consultative Conference Mr Huang Peiqiang.
Dr Chiang said, "Hong Kong is Fujian's largest source of foreign direct investment as well as its largest investment destination. It is also the key listing market for Fujian enterprises. Under the 'one country, two systems' principle, Hong Kong offers distinctive advantages as a springboard for mainland companies to 'go global'. The HKSAR Government is committed to developing the city as a multinational supply chain management centre. Hong Kong, as Asia's preferred international financial and business centre, offers Mainland enterprises comprehensive and well-developed professional services, making it the best place for them to set up and manage offshore trade centres."
Mr Zhou said, "In the process of China's reform and opening up, Hong Kong serves as a main bridge for trade and investment, and an important channel for international capital to enter the Mainland market. One of the points emphasised at the Third Plenary Session of the 20th Central Committee of the Communist Party of China is about reinforcing international co-operation in industrial and supply chains. Hong Kong and Fujian can contribute a lot on this frontier. Hong Kong is a global financial and wealth centre, and a hub for high-calibre talent; the city has unrivalled advantages to become an important multinational supply chain centre". He also told the seminar about the function of the Commercial Office of the Economic Affairs Department of the LOCPG in the HKSAR. The Commercial Office is the representative of the Ministry of Commerce in Hong Kong, offering consultation and services to enhance the two-way investment and economic and trade communication between the Mainland and Hong Kong.
The Head of Mainland and GBA Business Development of InvestHK, Ms Loretta Lee, talked about Hong Kong's unique business advantages and the range of services that InvestHK offers to Mainland enterprises in assisting them to achieve high-quality development via Hong Kong. Assistant General Manager of the Business Divisions-Structured/Special Risk Solutions of the Hong Kong Expert Credit Insurance Corporation Mr Dennis Wong talked about the role of the Hong Kong Expert Credit Insurance Corporation. In the panel session under the theme of "Multinational supply chain management centre: application and practice", Executive Vice President and Head of Sales and Client Management, Global Trade Solutions of Hang Seng Bank Limited, Mr Matthew Lam; the Chairman of Pace Supply Chain International Limited, Mr Simon Pun; Deputy General Manager of the International Development Department of Xiamen ITG Group Corp Ltd Mr Allen Lian; as well as Mr Wong, shared practical experiences in investment in Hong Kong.
For photos of the seminar, please visit www.flickr.com/photos/investhk/albums/72177720320193599.
InvestHK promotes Hong Kong's advantages as multinational supply chain management centre during CIFIT Source: HKSAR Government Press Releases
InvestHK promotes Hong Kong's advantages as multinational supply chain management centre during CIFIT Source: HKSAR Government Press Releases
InvestHK promotes Hong Kong's advantages as multinational supply chain management centre during CIFIT Source: HKSAR Government Press Releases
InvestHK promotes Hong Kong's advantages as multinational supply chain management centre during CIFIT Source: HKSAR Government Press Releases
InvestHK promotes Hong Kong's advantages as multinational supply chain management centre during CIFIT Source: HKSAR Government Press Releases
