Calendar of Events
2017
24
24
27
June
1
3
7
13
14
15
To reduce banks' credit risks, the HKMA lowers by 10 percentage points the maximum loan-to-value ratio allowed for borrowers with pre-existing property mortgages. The loan amount permitted for homes of under HK$10 million is cut to 50 per cent of their value, and to 40 per cent for homes exceeding HK$10 million and for corporate buyers.
Mr Rex Tso receives the 'WBC Asia Fight of the Year' award in Bangkok for his victory over Ryuto Maekawa of Japan in 2016.
The 20th anniversary of implementing the HKSAR Basic Law is marked in Beijing. Mr Zhang Dejiang, a member of the Political Bureau Standing Committee of the Communist Party of China (CPC) Central Committee and Chairman of the NPC Standing Committee, says China reaffirms the commitment to advancing the great cause of 'one country, two systems, and will continue to ensure the full implementation of the HKSAR Basic Law so as to further uphold China's sovereignty, security and development interests as well as Hong Kong's long-term prosperity and stability.
Hong Kong is crowned the world's most competitive economy for the second consecutive year, according to the International Institute for Management Development's World Competitiveness Yearbook 2017.
The Sustainable Lantau Blueprint maps out the future direction of 'Development in the North, Conservation for the South' for Lantau.
The Hong Kong Observatory marks the 100th anniversary of the introduction of numbered typhoon signals that alert the public to the strength and direction of winds caused by tropical cyclones.
Hong Kong becomes a member of the Asian Infrastructure Investment Bank.
A former Chief Secretary for Administration, Mr Rafael Hui, loses his final appeal against conviction in 2014 for conspiracy to commit misconduct in public office, involving his acceptance of $8.5 million in return for his favourable disposition while in office. He continues to serve a jail term of seven and a half years, while two former senior members of a listed company and a businessman continue serving their sentences of five and six years.
The Arbitration (Amendment) Ordinance 2017 is enacted to clarify that disputes over intellectual property rights are capable of resolution by arbitration.
The Arbitration and Mediation Legislation (Third Party Funding) (Amendment) Ordinance 2017 is enacted to clarify that third-party funding for arbitration and mediation is not prohibited by the common law doctrines of maintenance and champerty, and to provide for related measures and safeguards.
The Fire Services, Buildings, Lands and Labour departments announce the completion of a territory-wide inspection of all mini-storage facilities started in June 2016 following a major fire in such facilities.
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