HKSAR search and rescue team found a survivor at Myanmar
The Hong Kong Special Administrative Region (HKSAR) search and rescue team went to the quake-stricken areas in Myanmar on March 29 afternoon to assist in the search and rescue work. The team successfully found one survivor today (April 2).
The HKSAR team and the China Search and Rescue Team jointly conducted a search and rescue operation in Mandalay and successfully located a survivor. The teams rescued him in concerted efforts and assisted in moving him to an ambulance.
"We have spared no effort in the search and rescue work upon arrival, and are very encouraged and excited to be able to find one survivor six days after the earthquake. The team will grasp every opportunity, never give up and do its best to find the remaining survivors," the Commander of the HKSAR search and rescue team, Mr Cheu Yu-kok, said.
The team will continue to make every effort to conduct the search and rescue operations in Myanmar.
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
