Hong Kong Customs seizes suspected dangerous drugs worth about $2.5 million
Hong Kong Customs yesterday (November 7) seized a total of about 10 kilograms of suspected cannabis buds, 2kg of gummy candies containing suspected tetrahydro-cannabinol (THC) and 539 vape sticks containing suspected THC, with a total estimated market value of about $2.5 million, in Yuen Long. One man suspected to be connected with the case was arrested.
In the morning yesterday, Customsofficers in Yuen Long intercepted a 35-year-old man and found a batch of suspected cannabis buds, gummy candies containing suspected THC and vapes containing suspected THC inside a recycle bag carried by him. The man was then arrested.
Customs officers later escorted the man to his rented residential flat in Yuen Long for a search and further seized a batch of suspected cannabis buds, gummy candies and vapes containing suspected THC and a batch of drug packaging paraphernalia.
The arrested man, who claimed to be unemployed, has been charged with two counts of trafficking in a dangerous drug. The case will be brought up at the Fanling Magistrate's Court tomorrow (November 9).
Under the Dangerous Drugs Ordinance, trafficking in a dangerous drug is a serious offence. The maximum penalty upon conviction is a fine of $5 million and life imprisonment.
Members of the public may report any suspected drug trafficking activities to Customs' 24-hour hotline 182 8080 or its dedicated crime-reporting email account (crimereport@customs.gov.hk) or online form (eform.cefs.gov.hk/form/ced002).
Hong Kong Customs seizes suspected dangerous drugs worth about $2.5 million Source: HKSAR Government Press Releases
Tender of 10-year RMB HKSAR Institutional Government Bonds to be held on November 14
The following is issued on behalf of the Hong Kong Monetary Authority:
The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced today (November 8) that a tender of 10-year RMB Institutional Government Bonds (Bonds) under the Infrastructure Bond Programme will be held on Thursday, November 14, 2024, for settlement on Monday, November 18, 2024.
A total of RMB1.5 billion 10-year RMB Bonds will be tendered. The Bonds will mature on November 20, 2034 and will carry interest at the rate of 2.46per cent per annum payable semi-annually in arrear.
Tender is open only to Primary Dealers appointed under the Infrastructure Bond Programme. Anyone wishing to apply for the Bonds on offer can do so through any of the Primary Dealers on the latest published list, which can be obtained from the Hong Kong Government Bonds website at www.hkgb.gov.hk. Each tender must be for an amount of RMB50,000 or integral multiples thereof.
Tender results will be published on the HKMA’s website, the Hong Kong Government Bonds website, Bloomberg (GBHK<GO>) and Refinitiv (IBPGSBPINDEX). The publication time is expected to be no later than 3pm on the tender day.
HKSAR Institutional Government Bonds Tender Information
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Tender information of 10-year RMB HKSAR Institutional Government Bonds:
Issue Number |
: |
10GB3411001 |
Stock Code |
: |
84586 (HKGB 2.46 3411-R) |
Tender Date and Time |
: |
Thursday, November 14, 2024
9.30am to 10.30am |
Issue and Settlement Date |
: |
Monday, November 18, 2024 |
Amount on Offer |
: |
RMB1.5 billion |
Maturity |
: |
10 years |
Maturity Date |
: |
Monday, November 20, 2034 |
Interest Rate |
: |
2.46per cent p.a. payable semi-annually in arrear |
Interest Payment Dates |
: |
May 18 and November 18 in each year, commencing on the Issue Date up to and including the Maturity Date, subject to adjustment in accordance with the terms of the Institutional Issuances Information Memorandum of the Infrastructure Bond Programme and Government Sustainable Bond Programme (Information Memorandum) published on the Hong Kong Government Bonds website. |
Method of Tender |
: |
Competitive tender |
Tender Amount |
: |
Each competitive tender must be for an amount of RMB50,000 or integral multiples thereof. Any tender applications for the Bonds must be submitted through a Primary Dealer on the latest published list. |
Other Details |
: |
Please see the Information Memorandum available on the Hong Kong Government Bonds website or approach Primary Dealers. |
Expected commencement date of dealing on
the Stock Exchange
of Hong Kong Limited |
: |
Tuesday, November 19, 2024 |
Use of Proceeds |
: |
The Bonds will be issued under the institutional part of the Infrastructure Bond Programme. Proceeds will be invested in infrastructure projects in accordance with the Infrastructure Bond Framework published on the Hong Kong Government Bonds website. |
