Fatal traffic accident in Mong Kok
Police are investigating a fatal traffic accident happened in Mong Kok in the small hours today (January 1) in which three men died.
At about 1.44am, a private car driven by a 30-year-old man was travelling along the third lane of West Kowloon Highway towards Western Harbour Crossing with four male passengers, aged 19 to 34, on board, while a taxi driven by a 65-year-old man with a 23-year-old male passenger and a 19-year-old female passenger on board was travelling along the second lane. When approaching the segment outside MTR Olympic Station, the taxi reportedly cut the lane and collided with the private car, the private car then went out of control, rammed into a kerb, and crashed into a moving taxi and three stationary private cars.
Sustaining serious multiple injuries, the private car driver was certified dead at scene. Two private car passengers, aged 33 and 34, were rushed to Princess Margaret Hospital in unconscious state and was certified dead at 2.39am and 2.47am respectively.
The other two private car passengers, aged 23 and 19, with back injuries; and the two taxi passengers with limb injuries, were sent to Princess Margaret Hospital, Queen Elizabeth Hospital and Kwong Wah Hospital separately in conscious state.
The taxi driver was arrested for dangerous driving causing death and is being detained for enquiries.
Investigation by the Special Investigation Team of Traffic, Kowloon West is under way.
Anyone who witnessed the accident or has any information to offer is urged to contact the investigating officers at 3661 9023.
Remarks by FS at media session (with photo/video)
The Financial Secretary, Mr Paul Chan; the Secretary for Financial Services and the Treasury, Mr Christopher Hui, and the Secretary for Commerce and Economic Development, Mr Algernon Yau, together with the Chief Executive Officer of the Securities and Futures Commission, Ms Julia Leung, and the Chief Executive of the Hong Kong Monetary Authority, Mr Eddie Yue, met the media this evening (April 7). Following are Mr Chan's remarks at the media session:
Reporter: What tools does the Government have to handle the situation of the market and will Hong Kong consider a national team investor equivalent to intervene? Should the markets keep dropping, what is the bottom line for the state of the market before countermeasures will be considered?
Financial Secretary: I think Julia has explained very clearly the situation in the Hong Kong stock market. Basically, the market has been functioning orderly. There are substantial selling but also buying interests. The spread between the two has been very tight, indicating that the buying power remains very strong.
Hong Kong is a free port, and we encourage capital and investors from different parts of the world to take part in our capital market. Over the years, we have been taking a number of measures to enhance the competitiveness and attractiveness of our capital market, no matter whether it is improving the listing regime, lowering the transaction costs, expanding the markets, attracting investors and capital from around the world, or offering new products such as the ETF (exchange-traded fund) listed on the Saudi stock exchange (and investing in the Hong Kong stock market). All in all, we will persistently and consistently push forward initiatives on various fronts. With an expanding market and more participants from different parts of the world, the liquidity and resilience of our market will be enhanced. The resilience of our market has been very strong. We do not think the current volatility in the market warrants the taking of any drastic measures.
(Please also refer to the Chinese portion of the remarks.)
Remarks by FS at media session (with photo/video) Source: HKSAR Government Press Releases
